Ma Sarsinsa Steels Private Limited

Ma Sarsinsa Steels Private Limited - metals and minerals in Delhi, India. FY 2026 financials & compliance.
CIN U27100DL1991PTC046830 Incorporated 20 December 1991 ROC Delhi HQ Delhi, India
Active Private Limited Company metals and minerals MSME · Small
Data last updated
Revenue · FY 2023
₹29.31 Cr
▼ 63% YoY
Net loss · FY 2023
₹4.31 Cr
Net margin -14.7%
EBITDA · FY 2023
-₹2.65 Cr
EBITDA margin -9%
Authorised capital
₹8 Cr
Registered with MCA
Paid-up capital
₹6.78 Cr
Issued & subscribed
Open charges
₹44.33 Cr
Satisfied ₹27.9 Cr
Company age
35 yrs
Est. 1991
Directors on board
2
As per MCA filings

About Ma Sarsinsa Steels Private Limited

Data last updated:

Ma Sarsinsa Steels Private Limited is a private limited company based in Delhi, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 20 December 1991 and has been in existence for over 35 years.

The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U27100DL1991PTC046830. The company has 2 GST registrations on record, none of which is active.

The company has an authorised share capital of ₹8 Cr and a paid-up capital of ₹6.78 Cr. It was formerly known as Sarsinsa Steels Private Limited. It is led by directors Nirmal Kumar Bindal (Managing Director) and Deepak Bindal.

Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 507 5th Floor Plot No. 8 Manglam Paradise Manglam Place Sector – 3 Rohini, Delhi, India – 110085.

As per the financials filed for FY 2023, the company reported a revenue of ₹29.31 Cr, a decline of 63% compared to the previous year. For the same year it recorded a net loss of ₹4.31 Cr (net margin -14.7%) and EBITDA of -₹2.65 Cr (EBITDA margin -9%). Revenue has declined at a compounded annual rate (CAGR) of 36% over three years and 27% over five years.

As per MCA filings, the company has open charges of ₹44.33 Cr and satisfied charges of ₹27.9 Cr on record. Court records list 16 cases involving the company, including 7 filed by the company and 9 filed against it; 2 cases are pending.

Ma Sarsinsa Steels Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-HR-07-0002520). The current compliance status is marked as compliant by the Registrar of Companies.

Company details

CIN U27100DL1991PTC046830
Registration Number 046830
Incorporation Date 20 December 1991
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-HR-07-0002520

CIN history

Ma Sarsinsa Steels has one previous CIN (Corporate Identification Number): U74899DL1991PTC046830. The current CIN is U27100DL1991PTC046830, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U27100DL1991PTC046830Current
U74899DL1991PTC046830Previous
Key People
Nirmal Kumar Bindal Managing Director Deepak Bindal Director

Recognitions & Rankings of Ma Sarsinsa Steels

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-HR-07-0002520

Contact details

Ma Sarsinsa Steels Private Limited's registered office is in Delhi, Delhi. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    507 5th Floor Plot No. 8 Manglam Paradise Manglam Place Sector – 3 Rohini, Delhi, India – 110085
  • Industry
    Metals and Minerals, Steel Manufacturing & Processing

To see the full contact details of Ma Sarsinsa Steels Private Limited, buy the company report.

Comprehensive company report
Ma Sarsinsa Steels Private Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Business activity

The main business activity of Ma Sarsinsa Steels is manufacturing. In detail, this covers metal and metal products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC7Metal and metal products

To see the full business activity and turnover split of Ma Sarsinsa Steels Private Limited, buy the company report.

Financials of Ma Sarsinsa Steels Private Limited

FY 2023 filings available

Ma Sarsinsa Steels Private Limited reported revenue of ₹29.31 Cr (down 63% YoY) for FY 2023.

Revenue · FY 2023
₹29.31 Cr ▼ 63%
Net loss · FY 2023
₹4.31 Cr margin -14.7%
EBITDA · FY 2023
-₹2.65 Cr margin -9%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 63%
3 years · compounded
▼ 36%
5 years · compounded
▼ 27%
EBITDA CAGR growth
3 years · compounded
▼ 34%
5 years · compounded
▼ 20%

Revenue has declined at a compounded annual rate (CAGR) of 27% over five years, including a 63% fall in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.

Financial Statement Summary

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA-₹2.65 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹4.31 Cr
Balance Sheet
Share Capital
Reserves and Surplus
Net Worth (Total Equity)
Long-term Borrowings
Short-term Borrowings
Trade Payables
Total Liabilities
Fixed Assets
Investments
Inventories
Trade Receivables
Cash and Bank Balance
Total Assets

Financial Ratios

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profitability
EBITDA Margin-9%
Net Profit Margin-14.7%
Return on Equity (ROE)
Return on Capital Employed (ROCE)
Return on Assets (ROA)
Liquidity and Debt
Current Ratio
Quick Ratio
Debt-to-Equity Ratio
Interest Coverage Ratio
Efficiency and Growth
Asset Turnover
Receivable Days
Payable Days
Inventory Days
Revenue Growth
Net Profit Growth

To see the full financial statements and ratios of Ma Sarsinsa Steels Private Limited, buy the company report.

Board of directors of Ma Sarsinsa Steels Private Limited

Ma Sarsinsa Steels has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Deepak Bindal
Also directs: Bindal Fin-Sec Private Limited
Director08 May 200026 Years 5 MonthsCurrent
Nirmal Kumar BindalManaging Director24 Apr 199531 Years 6 MonthsCurrent
View all directors

Peer comparison

Ma Sarsinsa Steels Private Limited is compared with the 4 companies closest to it by revenue in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Lilasons Steel Tubes Limited₹29.47 Cr (FY 2025)23.0%New Delhi, Delhi, India
Nicasa Steel Private Limited₹29.47 Cr (FY 2025)-1.0%Delhi, India
Vrajeshwaree Steel Private Limited₹29.36 Cr (FY 2024)-10.0%Dahod, Gujarat, India
Ma Sarsinsa Steels Private Limitedthis company₹29.31 Cr (FY 2023)-₹4.31 Cr-14.7%-63.0%Delhi, India
Purva Steel Private Limited₹29.27 Cr (FY 2025)-86.0%Bangalore, Karnataka, India

To see the full peer comparison of Ma Sarsinsa Steels Private Limited, buy the company report.

Auditor

Ma Sarsinsa Steels Private Limited is audited by K K KOHLI AND COMPANY for the financial year 2022.

Auditor firmFinancial yearFirm registration number
K K KOHLI AND COMPANYFY 2022010132C

Shareholding

The shareholding of Ma Sarsinsa Steels Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2022FY 2021FY 2020FY 2019FY 2018
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Ma Sarsinsa Steels Private Limited, buy the company report.

Charges & borrowings

Open charges
₹44.33 Cr
Satisfied charges
₹27.9 Cr
Breakdown by lending institutions
Others₹44.33 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
29 Dec 2021100521369Others₹2.72 CrOpen
05 Aug 2021100494471Others₹5.55 CrOpen
10 Oct 2018100208308Others₹1.09 CrOpen
01 Mar 2016100023048Others₹34.97 CrOpen
29 Oct 201510600459Reliance Capital Ltd₹1.25 CrSatisfied

To see the full charge records of Ma Sarsinsa Steels Private Limited, buy the company report.

Total charge records: 7 View all charges

Credit ratings & regulatory alerts

Ma Sarsinsa Steels Private Limited was last rated by Brickwork on 23 Mar 2022.

Rating agencyRated onRating
Brickwork23 Mar 2022

To see the full credit ratings and regulatory alerts of Ma Sarsinsa Steels Private Limited, buy the company report.

MSME payment delays

Ma Sarsinsa Steels Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 13 overdue payments to 6 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 6)

SupplierAmount dueDue sinceReported on
an individual supplier
an individual supplier
an individual supplier
an individual supplier
an individual supplier

To see the full MSME payment records of Ma Sarsinsa Steels Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

GST

Ma Sarsinsa Steels has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.

Total GSTINs
2
Cancelled / inactive
2

To see the full GST registrations and return filing status of Ma Sarsinsa Steels Private Limited, buy the company report.

Recent activity

Ma Sarsinsa Steels Private Limited has 5 board changes on record since 1995: 2 appointments and 3 cessations. The latest: Nirmal Kumar Bindal ceased to be Director on 31 May 2019.

AGM
Ma Sarsinsa Steels Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Ma Sarsinsa Steels Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Delhi.
Charges
A charge with Others amounted to Rs. 2.72 Cr with Charge ID 100521369 was registered on 29 Dec 2021.
Charges
A charge with Others amounted to Rs. 5.55 Cr with Charge ID 100494471 was registered on 05 Aug 2021.
Charges
A charge registered on 29 Oct 2015 via Charge ID 10600459 with Reliance Capital Ltd was fully satisfied on 15 Oct 2020.
Charges
A charge with Others of Rs. 34.97 Cr registered on 01 Mar 2016 with Charge ID 100023048 was modified on 18 Sep 2020.
Ceased
Nirmal Kumar Bindal ceased to be Director.
Charges
A charge with Others amounted to Rs. 1.09 Cr with Charge ID 100208308 was registered on 10 Oct 2018.
Charges
A charge registered on 04 Mar 2011 via Charge ID 10282293 with State Bank Of India was fully satisfied on 21 Mar 2016.
Charges
A charge with Others amounted to Rs. 34.97 Cr with Charge ID 100023048 was registered on 01 Mar 2016.
Charges
A charge with Reliance Capital Ltd amounted to Rs. 1.25 Cr with Charge ID 10600459 was registered on 29 Oct 2015.
Charges
A charge with State Bank Of India of Rs. 26.63 Cr registered on 04 Mar 2011 with Charge ID 10282293 was modified on 11 Mar 2015.

8 earlier events are in the company report.

Frequently asked questions

Ma Sarsinsa Steels is an active private limited company based in Delhi, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 20 December 1991 (35+ years old) and is registered under CIN U27100DL1991PTC046830.

Ma Sarsinsa Steels has 2 current directors:

The latest financial statements of Ma Sarsinsa Steels on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.

No. Ma Sarsinsa Steels has 2 GST registrations on record and all of them are cancelled or inactive.

The CIN (Corporate Identification Number) of Ma Sarsinsa Steels is U27100DL1991PTC046830. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Ma Sarsinsa Steels has 16 court cases on record: 7 filed by the company and 9 filed against it. 2 are pending. Most are in the district courts.

Ma Sarsinsa Steels was incorporated on 20 December 1991, making it 35+ years old. It is registered with the Registrar of Companies, Delhi.

The peers of Ma Sarsinsa Steels by revenue are Lilasons Steel Tubes Limited, Nicasa Steel Private Limited, Vrajeshwaree Steel Private Limited, Purva Steel Private Limited, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).

Nirmal Kumar Bindal ceased to be Director on 31 May 2019. Praduman Kumar Rungta ceased to be Director on 17 Mar 2012. Ajay Kumar Bindal ceased to be Director on 15 Jan 2008. Ma Sarsinsa Steels has 5 board changes on record in total.

Yes, Ma Sarsinsa Steels is registered as a small enterprise under Udyam registration (number: UDYAM-HR-07-0002520).

Ma Sarsinsa Steels has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 13 overdue payments to 6 micro and small suppliers. The latest return was filed on 30 Apr 2022.

The registered office of Ma Sarsinsa Steels is at 507 5th Floor Plot No. 8 Manglam Paradise Manglam Place Sector – 3 Rohini, Delhi, India – 110085.