About Malwa Cotton Spinning Mills Ltd
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Malwa Cotton Spinning Mills Ltd is a public limited company based in Punjab, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 01 December 1976 and has been in existence for over 50 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN L17115PB1976PLC003702. Its GSTIN is 03AABCM1201D1ZK (Punjab). The company holds 13 GST registrations, of which 2 are active. It is recorded as listed by MCA, but its shares were delisted from BSE on 28 Sep 2018 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹45 Cr and a paid-up capital of ₹35.15 Cr. It is led by directors including Jangi Lal Oswal (Managing Director) and Ashok Kumar Jain.
Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Industrial Area – A Ludhiana, Punjab, India.
As per the financials filed for FY 2017, the company reported a revenue of ₹24.32 Cr, a decline of 33% compared to the previous year. For the same year it recorded a net loss of ₹29.59 Cr (net margin -121.6%) and EBITDA of -₹27.76 Cr (EBITDA margin -114.2%).
The company has about 21 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹267.85 Cr and satisfied charges of ₹715.96 Cr on record. Court records list 223 cases involving the company, including 113 filed by the company and 110 filed against it; 18 cases are pending. The company has 20 deals on record (20 market trades); the latest was in January 2017. Its 6 peer companies in the Manufacturing industry (Cotton, Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 4 larger and 2 smaller; the largest is Amarasha Digital Prints Private Limited with revenue of ₹24.4 Cr.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website malwagroup.com.
Company details
CIN history
Malwa Cotton Spinning Mills has one previous CIN (Corporate Identification Number): U17115PB1976PLC003702. The current CIN is L17115PB1976PLC003702, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L17115PB1976PLC003702 | Current |
| U17115PB1976PLC003702 | Previous |
Contact details
Malwa Cotton Spinning Mills Ltd's registered office is in Punjab. Its website is malwagroup.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressIndustrial Area – A Ludhiana, Punjab, India
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Malwa Cotton Spinning Mills Ltd, buy the company report.
- 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
Business activity
The main business activity of Malwa Cotton Spinning Mills is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Malwa Cotton Spinning Mills Ltd, buy the company report.
Financials of Malwa Cotton Spinning Mills Ltd
FY 2017 filings availableMalwa Cotton Spinning Mills Ltd reported revenue of ₹24.32 Cr (down 33% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 33% in the latest year. EBITDA fell 31% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹24.32 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹27.76 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹29.59 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
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -114.2% | ||
| Net Profit Margin | -121.6% | ||
| 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 Malwa Cotton Spinning Mills Ltd, buy the company report.
Board of directors of Malwa Cotton Spinning Mills Ltd
Malwa Cotton Spinning Mills has 3 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jangi Lal Oswal Also directs: Malwa Corp Limited, Oswal Intermediates Private Limited, Excellent Printers Pvt Ltd and 5 more | Managing Director | 01 Jan 2009 | 17 Years 9 Months | Current |
| Ashok Kumar Jain Also directs: Malwa Corp Limited, Oswal Knitting and Spinning Industries Limited, Malwa Industries Ltd and 5 more | Director | 30 Nov 2018 | 7 Years 11 Months | Current |
| Rajesh Kumar Duggal | Additional Director | 01 Jun 2021 | 5 Years 4 Months | Current |
Peer comparison
Malwa Cotton Spinning Mills Ltd is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Cotton, Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Amarasha Digital Prints Private Limited | ₹24.4 Cr (FY 2025) | 16.0% | Surat, Gujarat, India | |||
| Kash Industries Private Limited | ₹24.38 Cr (FY 2025) | 10.0% | Delhi, India | |||
| Sakarda Synthetics Private Limited | ₹24.34 Cr (FY 2025) | -13.0% | Ahmedabad, Gujarat, India | |||
| Sri Mahasakthi Mills Private Limited | ₹24.33 Cr (FY 2024) | 11.0% | Coimbatore, Tamil Nadu, India | |||
| Malwa Cotton Spinning Mills Ltdthis company | ₹24.32 Cr (FY 2017) | -₹29.59 Cr | -121.6% | -33.0% | 21 | Punjab, India |
| PSK Textiles India Private Limited | ₹24.31 Cr (FY 2024) | -21.0% | Namakkal, Tamil Nadu, India | |||
| Aabhir Textile Private Limited | ₹24.3 Cr (FY 2025) | 22.0% | Karnal, Haryana, India |
To see the full peer comparison of Malwa Cotton Spinning Mills Ltd, buy the company report.
Auditor
Malwa Cotton Spinning Mills Ltd is audited by S C V & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S C V & CO | FY 2017 | 000235N |
Shareholding
The shareholding of Malwa Cotton Spinning Mills Ltd is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Malwa Cotton Spinning Mills Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Jan 2010 | 10197046 | Ifci Limited | ₹70.28 Cr | Open | |
| 01 Jan 2010 | 10197047 | Ifci Limited | ₹3.5 Cr | Open | |
| 31 Dec 2009 | 10196565 | Ifci Limited | ₹3.5 Cr | Open | |
| 19 Nov 2009 | 10189824 | Small Industries Development Bank of India | ₹2.3 Cr | Open | |
| 20 Oct 2009 | 10183131 | Ifci Limited | ₹13.37 Cr | Open |
To see the full charge records of Malwa Cotton Spinning Mills Ltd, buy the company report.
Total charge records: 78 View all charges
Deals & funding
Malwa Cotton Spinning Mills Ltd has 20 deals on record (20 market trades); the latest was in January 2017.
Deals on record (5 of 20)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2017 | Market trade | ₹6.3 Lakh | Buyer: Ninja Securities Private Limited Seller: Idbi Bank Limited |
| Jun 2016 | Market trade | ₹2.3 Lakh | Seller: Ifci Limited |
| May 2016 | Market trade | ₹3.3 Lakh | Seller: Ifci Limited |
| Apr 2010 | Market trade | ₹16.6 Lakh | Buyer: NBN Fintrade Private Limited |
| Dec 2007 | Market trade | ₹35.3 Lakh | Buyer: BP Comtrade Private Limited |
To see the full deal history of Malwa Cotton Spinning Mills Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Malwa Cotton Spinning Mills Ltd has 223 court cases on record: 113 filed by Malwa Cotton Spinning Mills, 110 filed against it. 18 cases are pending and 205 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 126 | 64 | 2 |
| High courts | 88 | 39 | 16 |
| Supreme Court | 7 | 5 | 0 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 223)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1901-Energy Laws - Electricity, Petroleum, Oil and Natural Gas : Energy laws - Electricity, Petroleum, Oil and Natural Gas) | Filed against the company by Punjab State Power Corp. Ltd. | Disposed |
| Supreme Court | Court case (1901-Energy Laws - Electricity, Petroleum, Oil and Natural Gas : Energy laws - Electricity, Petroleum, Oil and Natural Gas) | Filed against the company by Punjab State Power Corporation Ltd. | Disposed |
| High Court, PUNJAB | Writ petition | Filed by the company against Punjab State Power Corporation Ltd and Others and 3 others | Pending |
| District court, Sirmaur, Himachal Pradesh | Execution petition | Filed against the company by M/S Yogeshwar Chemicals Ltd. | Disposed |
| District court, Ludhiana, Punjab | Civil suit | Filed against the company by M/S C.M.S. Impex (India) Pvt Ltd | Disposed |
To see the full case history of Malwa Cotton Spinning Mills Ltd, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Malwa Cotton Spinning Mills Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Malwa Cotton Spinning Mills Ltd has a workforce of 21 employees on its EPFO records as of Apr 02, 2024, across 4 active EPFO establishments.
GST
Malwa Cotton Spinning Mills has 13 GST registrations: 2 active and 11 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AABCM1201D1ZK | Punjab | Active | 01 Jul 2017 |
| 02AABCM1201D2ZL | Himachal Pradesh | Active | 23 Jun 2019 |
To see the full GST registrations and return filing status of Malwa Cotton Spinning Mills Ltd, buy the company report.
Recent activity
Malwa Cotton Spinning Mills Ltd has 45 board changes on record since 1992: 24 appointments and 21 cessations. The latest: Rajesh Kumar Duggal was appointed as Additional Director on 01 Jun 2021.
214 earlier events are in the company report.
Frequently asked questions
Malwa Cotton Spinning Mills is an active public limited company based in Punjab, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 01 December 1976 (50+ years old) and is registered under CIN L17115PB1976PLC003702.
Malwa Cotton Spinning Mills has 3 current directors:
- Jangi Lal Oswal - Managing Director
- Ashok Kumar Jain - Director
- Rajesh Kumar Duggal - Additional Director
The latest financial statements of Malwa Cotton Spinning Mills on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 September 2017. Year-wise statements from 2015 are in the company report.
The GSTIN of Malwa Cotton Spinning Mills is 03AABCM1201D1ZK, registered in Punjab. The company has 13 GST registrations in all, of which 2 are active and 11 are cancelled or inactive. Other active GSTINs include 02AABCM1201D2ZL (Himachal Pradesh).
The CIN (Corporate Identification Number) of Malwa Cotton Spinning Mills is L17115PB1976PLC003702. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Malwa Cotton Spinning Mills is recorded as a listed company by MCA, but its shares were delisted from BSE on 28 Sep 2018 · compulsory delisting, and no longer trade on a stock exchange.
Malwa Cotton Spinning Mills has 223 court cases on record: 113 filed by the company and 110 filed against it. 18 are pending. Most are in the district courts.
Malwa Cotton Spinning Mills was incorporated on 01 December 1976, making it 50+ years old. It is registered with the Registrar of Companies, Chandigarh.
Malwa Cotton Spinning Mills has 20 deals on record (20 market trades); the latest was in January 2017.
The peers of Malwa Cotton Spinning Mills by revenue are Amarasha Digital Prints Private Limited, Kash Industries Private Limited, Sakarda Synthetics Private Limited, Sri Mahasakthi Mills Private Limited, PSK Textiles India Private Limited and 1 more, all in the Manufacturing industry (Cotton, Textiles), with the same principal business activity (textile, leather and other apparel products).
Rajesh Kumar Duggal was appointed as Additional Director on 01 Jun 2021. Surinder Vig Kumar ceased to be Director on 01 Jun 2021. Narinder Kaur ceased to be Director on 11 Feb 2019. Malwa Cotton Spinning Mills has 45 board changes on record in total.
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