About Marwar Cement Limited
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Marwar Cement Limited is a public limited company based in Navi Mumbai, Maharashtra, India, a subsidiary of Pioneer Cement Industries Limited. It operates in the cement and cement products segment of the manufacturing sector. It was incorporated on 17 June 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U26913MH2008PLC183618. Its GSTIN is 08AACCV7579A2Z4 (Rajasthan). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1,000 Cr and a paid-up capital of ₹401.02 Cr. It was formerly known as Vedanta Industries Limited. It is led by directors including Raj Kumar Singh (Whole-Time Director) and Vinod Bahety.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Sector 19, Navi Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.65 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net loss of ₹4.18 Cr (net margin -254.3%) and EBITDA of -₹3.97 Cr (EBITDA margin -241.6%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 15% over five years.
The company has about 18 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹1,782.21 Cr on record. Court records list 31 cases involving the company, including 10 filed by the company and 16 filed against it; 12 cases are pending. The company has 11 deals on record (5 secondary share transfers, 4 funding rounds, 2 rights issues), with disclosed funding of ₹99.34 Cr; the latest was in October 2023. Its 10 peer companies in the Manufacturing industry (Cement and Cement Products) are compared by revenue, 5 larger and 5 smaller; the largest is Bathwal Plastics Ltd with revenue of ₹1.69 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pennacement.com.
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- Registered AddressOffice No. A – 408 4th Floor Groma House Plot No. 14 – C Sector 19 Opp. Dana Baza, R Vashi, Navi Mumbai, Maharashtra, India – 400703
- IndustryManufacturing, Cement & Cement Products
- 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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Financials of Marwar Cement Limited FY 2024 filings available
Marwar Cement Limited reported revenue of ₹1.65 Cr (up 4% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Marwar Cement Limited
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 4% growth 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 of Marwar Cement Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | -₹3.97 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹4.18 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 of Marwar Cement Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -241.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -254.3% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Marwar Cement are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Marwar Cement Limited
Marwar Cement Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Cement and Cement Products). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bathwal Plastics Ltd | ₹1.69 Cr (FY 2025) | •••• | •••• | -87.0% | •••• | Kolkata, West Bengal, India |
| Autoclaved Aerated Concrete Structures (India) Private Limited | ₹1.68 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Satellite, Gujarat, India |
| 7Hills Concrete Solutions Private Limited | ₹1.66 Cr (FY 2022) | •••• | •••• | -53.0% | •••• | Hyderabad, Telangana, India |
| Himalaya Asbestos Cement Products Private Limited | ₹1.66 Cr (FY 2024) | •••• | •••• | 39.0% | •••• | Jaipur, Rajasthan, India |
| Burnpur Cement Limited Listed | ₹1.65 Cr (FY 2025) | •••• | •••• | -99.0% | •••• | Kolkata, West Bengal, India |
| Marwar Cement Limited this company | ₹1.65 Cr (FY 2024) | •••• | •••• | 4.0% | •••• | Navi Mumbai, Maharashtra, India |
| Pioneer Cement Industries Limited | ₹1.65 Cr (FY 2024) | •••• | •••• | 4.0% | •••• | Hyderabad, Telangana, India |
| Resilient Plast Chem Private Limited | ₹1.64 Cr (FY 2020) | •••• | •••• | -30.0% | •••• | Thane, Maharashtra, India |
| S Kumar Concrete Private Limited | ₹1.64 Cr (FY 2022) | •••• | •••• | -75.0% | •••• | Delhi, India |
| U-Fahr Logistics and Solutions Private Limited | ₹1.63 Cr (FY 2020) | •••• | •••• | 2893.0% | •••• | Visakhapatnam, Andhra Pradesh, India |
| Nagori Cement Limited | ₹1.63 Cr (FY 2025) | •••• | •••• | -26.0% | •••• | Indore, Madhya Pradesh, India |
Peers are the five companies nearest above and the five nearest below Marwar Cement by revenue in the Manufacturing industry (Cement and Cement Products), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Marwar Cement Limited
Marwar Cement Limited is audited by C RAMACHANDRAM & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| C RAMACHANDRAM & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Marwar Cement Limited
Marwar Cement has 5 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raj Kumar Singh | Whole-Time Director | 10 Nov 2014 | 11 Years 10 Months | Current |
| Vinod Bahety | Director | 18 Sep 2024 | 2 Years 0 Months | Current |
| Lakshmi Dabbara Kantham | Director | 10 Oct 2013 | 12 Years 11 Months | Current |
| Kajal Saxena | Director | 16 Aug 2024 | 2 Years 1 Months | Current |
| Rajesh Kumar Jha Also directs: CG Syn-Gas & Chemicals Limited, Nagpur Syn-Gas & Chemicals Limited, Singrauli Syn-Gas &Chemicals Limited and 5 more | Director | 18 Sep 2024 | 2 Years 0 Months | Current |
Ownership and Shareholding of Marwar Cement Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Marwar Cement Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 Feb 2023 | Others | ₹1,430.2 Cr | Satisfied |
| 29 Nov 2022 | Others | ₹350 Cr | Satisfied |
| 25 May 2012 | Punjab National Bank | ₹2.01 Cr | Satisfied |
Total charge records: 3 View all charges
Deals & Funding of Marwar Cement Limited
Marwar Cement Limited has 11 deals on record (5 secondary share transfers, 4 funding rounds, 2 rights issues), with disclosed funding of ₹99.34 Cr; the latest was in October 2023.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2023 | Rights issue | ₹277.75 Cr | Investors: Pioneer Cement Industries Limited |
| Sep 2021 | Secondary share transfer | Undisclosed | Buyer: Pioneer Cement Industries Limited Seller: 2 individuals |
| Jul 2021 | Secondary share transfer | Undisclosed | Buyer: Pioneer Cement Industries Limited Seller: Tapasya Finvest Private Limited , 3 individuals |
| Jun 2021 | Secondary share transfer | Undisclosed | Buyer: Pioneer Cement Industries Limited Seller: Tapasya Finvest Private Limited , 3 individuals |
| Jun 2021 | Secondary share transfer | Undisclosed | Buyer: Pioneer Cement Industries Limited Seller: an individual |
Full deal history
All 11 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Marwar Cement Limited
Marwar Cement Limited has 31 court cases on record: 10 filed by Marwar Cement, 16 filed against it, 5 where it is another party. 12 cases are pending and 19 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 19 | 6 | 5 |
| District courts | 10 | 8 | 7 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 31)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jodhpur District, Rajasthan | Civil miscellaneous application | Filed against the company by Ramdev Food Products Private Limited | Disposed |
| District court, Jodhpur District, Rajasthan | Civil miscellaneous application | Filed against the company by Ramdev Food Products Private Limited | Disposed |
| District court, Jodhpur District, Rajasthan | Civil miscellaneous application | Filed against the company by an individual | Pending |
| District court, Jodhpur District, Rajasthan | Civil suit | Filed against the company by an individual | Pending |
| High Court of Rajasthan | Writ petition | Company is another party | Pending |
Full case history
All 31 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Marwar Cement Limited
Marwar Cement Limited has a workforce of 18 employees as of Apr 07, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Marwar Cement Limited
Marwar Cement Limited has 23 board changes on record since 2012: 5 appointments and 18 cessations. The latest: Kajal Saxena ceased to be Additional Director on 29 Sep 2024.
21 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Marwar Cement Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Marwar Cement Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Marwar Cement Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Marwar Cement Limited
Marwar Cement has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AACCV7579A2Z4 | Rajasthan | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Marwar Cement Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Marwar Cement Limited
Marwar Cement is an active public limited company based in Navi Mumbai, Maharashtra, India. The company works in cement and cement products, within the manufacturing industry. It was incorporated on 17 June 2008 (18+ years old) and is registered under CIN U26913MH2008PLC183618.
Marwar Cement reported revenue of ₹1.65 Cr for FY 2024 (up 4% YoY).
Marwar Cement has 5 current directors:
- Raj Kumar Singh - Whole-Time Director
- Vinod Bahety - Director
- Lakshmi Dabbara Kantham - Director
- Kajal Saxena - Director
- Rajesh Kumar Jha - Director
Marwar Cement reported a net loss of ₹4.18 Cr (net margin -254.3%) and EBITDA of -₹3.97 Cr (EBITDA margin -241.6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Marwar Cement is -1% over three years and 15% over five years. In the latest year (FY 2024) revenue rose 4%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Marwar Cement is 08AACCV7579A2Z4, registered in Rajasthan. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Marwar Cement is U26913MH2008PLC183618. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Marwar Cement has 31 court cases on record: 10 filed by the company and 16 filed against it. 12 are pending. Most are in the high courts.
Marwar Cement was incorporated on 17 June 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
Marwar Cement has 11 deals on record (5 secondary share transfers, 4 funding rounds, 2 rights issues), with disclosed funding of ₹99.34 Cr; the latest was in October 2023.
The peers of Marwar Cement by revenue are Bathwal Plastics Ltd, Autoclaved Aerated Concrete Structures (India) Private Limited, 7Hills Concrete Solutions Private Limited, Himalaya Asbestos Cement Products Private Limited, Burnpur Cement Limited and 5 more, all in the Manufacturing industry (Cement and Cement Products).