About Metalloys Recycling Limited
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Metalloys Recycling Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the metal manufacturing and processing segment of the metals and mining sector. It was incorporated on 23 April 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U15205MH1987PLC043227. Its GSTIN is 27AACCP4454E1ZJ (Maharashtra). The company holds 7 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It was formerly known as Metalloys Recycling Private Limited and Dhakad Metals and Chemicals Pvt Ltd. It is led by directors including Ambalal Mohanlal Porwal and Vijay Mohanlal Porwal.
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 12 – 12A Niraj Ind. Estate Mahakali Cav Near Paper Box Andheri – East, Mumbai, Maharashtra, India – 400093.
As per the financials filed for FY 2025, the company reported a revenue of ₹465.51 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹4.59 Cr (net margin 1%) and EBITDA of ₹14.64 Cr (EBITDA margin 3.1%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 18% over five years.
The company has about 53 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Metalloys Recycling Limited. As per MCA filings, the company has open charges of ₹103.85 Cr and satisfied charges of ₹148.24 Cr on record. Court records list 11 cases involving the company, including 10 filed by the company and 1 filed against it; 4 cases are pending. The company has 7 deals on record (6 secondary share transfers, 1 funding round), with disclosed funding of ₹11.76 Cr; the latest was in September 2018. The company has 13 MSME Form 1 returns on record between 2020 and 2024, listing 55 overdue payments to 29 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website metalloysrecycling.com.
Company details
Name history
Metalloys Recycling has undergone 3 name changes throughout its history. The company was previously known as Metalloys Recycling Private Limited, Dhakad Metals And Chemicals Pvt Ltd, and Padma Nutrients Pvt Ltd. The current legal name is Metalloys Recycling Limited.
| Company Name | Status |
|---|---|
| Metalloys Recycling Limited | Current |
| Metalloys Recycling Private Limited | Previous |
| Dhakad Metals And Chemicals Pvt Ltd | Previous |
| Padma Nutrients Pvt Ltd | Previous |
CIN history
Metalloys Recycling has one previous CIN (Corporate Identification Number): U15205MH1987PTC043227. The current CIN is U15205MH1987PLC043227, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U15205MH1987PLC043227 | Current |
| U15205MH1987PTC043227 | Previous |
Contact details
Metalloys Recycling Limited's registered office is in Mumbai, Maharashtra. Its website is metalloysrecycling.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address12 – 12A Niraj Ind. Estate Mahakali Cav Near Paper Box Andheri – East, Mumbai, Maharashtra, India – 400093
- IndustryMetals and Minerals, Metal Manufacturing & Processing
To see the full contact details of Metalloys Recycling Limited, 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
Brands
Metalloys Recycling operates one associated brand: Metalloys Recycling Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Metals recycling and processing services in India. | metalloysrecycling.com |
Business activity
The main business activity of Metalloys Recycling is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Metalloys Recycling Limited, buy the company report.
Financials of Metalloys Recycling Limited
FY 2024 filings availableMetalloys Recycling Limited reported revenue of ₹465.51 Cr (up 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 7% growth in the latest year. EBITDA rose 5% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹14.64 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.59 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.1% | ||||
| Net Profit Margin | 1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Metalloys Recycling Limited, buy the company report.
Board of directors of Metalloys Recycling Limited
Metalloys Recycling has 5 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ambalal Mohanlal Porwal | Director | 09 Nov 2015 | 10 Years 11 Months | Current |
| Vijay Mohanlal Porwal | Director | 25 Sep 2010 | 16 Years 1 Months | Current |
| Ratan Lal Narayan Jain Also directs: R D J & Associates LLP, Nico Extrusions Limited | Director | 02 Apr 2024 | 2 Years 7 Months | Current |
| Shernikkumar Ranjitmalji Shah | Director | 09 Oct 2017 | 9 Years 0 Months | Current |
| Nirmala Vijay Porwal | Director | 13 May 2023 | 3 Years 5 Months | Current |
Auditor
Metalloys Recycling Limited is audited by SHAPARIA MEHTA & AS SO CI ATES LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHAPARIA MEHTA & AS SO CI ATES LLP | FY 2023 | 112350W |
Shareholding
The shareholding of Metalloys Recycling Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Metalloys Recycling Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Sep 2024 | 100995997 | Hdfc Bank Limited | ₹20 Cr | Open | |
| 23 Apr 2024 | 100918423 | Others | ₹1.8 Cr | Open | |
| 23 Apr 2024 | 100918429 | Others | ₹1.36 Cr | Open | |
| 16 Feb 2024 | 100871831 | Yes Bank Limited | ₹23 Cr | Open | |
| 21 Nov 2023 | 100843898 | Others | ₹18.6 Lakh | Open |
To see the full charge records of Metalloys Recycling Limited, buy the company report.
Total charge records: 23 View all charges
Deals & funding
Metalloys Recycling Limited has 7 deals on record (6 secondary share transfers, 1 funding round), with disclosed funding of ₹11.76 Cr; the latest was in September 2018.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 3 individuals |
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Bhupat Shah Huf, Fortune Trust, 2 individuals |
| Mar 2017 | Funding round | ₹11.76 Cr | Investors: Vijay Porwal Huf, 3 individuals |
| Feb 2016 | Secondary share transfer | Undisclosed | Buyer: Vijay Porwal Huf, 2 individuals Seller: Bhupat Shah Huf, an individual |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Amar Ferro Metals Pvt Ltd |
To see the full deal history of Metalloys Recycling Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Metalloys Recycling Limited has 11 court cases on record: 10 filed by Metalloys Recycling, 1 filed against it. 4 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 0 | 1 |
| District courts | 5 | 1 | 3 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against Ms Nicomet Industries Ltd and Others and 3 others | Pending |
| Bombay High Court | Writ petition | Filed by the company against Union of India | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Union of India and 2 others | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against State of Gujarat and 1 other | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against The Union of India and 3 Others and 4 others | Disposed |
To see the full case history of Metalloys Recycling Limited, 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
Metalloys Recycling Limited has 13 MSME Form 1 returns on record between 2020 and 2024, listing 55 overdue payments to 29 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 29)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Heena Metal Private Limited | |||
| Revival Engineers Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Metalloys Recycling Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Metalloys Recycling Limited has a workforce of 53 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
GST
Metalloys Recycling has 7 GST registrations: 5 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCP4454E1ZJ | Maharashtra | Active | 01 Jul 2017 |
| 27AACCP4454E1DS | Maharashtra | Active | 07 Nov 2024 |
| 27AACCP4454E2ZI | Maharashtra | Active | 01 Apr 2025 |
| 24AACCP4454E2ZO | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Metalloys Recycling Limited, buy the company report.
Recent activity
Metalloys Recycling Limited has 14 board changes on record since 2008: 5 appointments and 9 cessations. The latest: Ratan Lal Narayan Jain was appointed as Director on 02 Apr 2024.
50 earlier events are in the company report.
Frequently asked questions
Metalloys Recycling is an active public limited company based in Mumbai, Maharashtra, India. The company works in metal manufacturing and processing, within the metals and minerals industry. It was incorporated on 23 April 1987 (39+ years old) and is registered under CIN U15205MH1987PLC043227.
Metalloys Recycling has 5 current directors:
- Ambalal Mohanlal Porwal - Director
- Vijay Mohanlal Porwal - Director
- Ratan Lal Narayan Jain - Director
- Shernikkumar Ranjitmalji Shah - Director
- Nirmala Vijay Porwal - Director
The latest financial statements of Metalloys Recycling on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Metalloys Recycling is 27AACCP4454E1ZJ, registered in Maharashtra. The company has 7 GST registrations in all, of which 5 are active and 2 are cancelled or inactive. Other active GSTINs include 27AACCP4454E1DS (Maharashtra), 27AACCP4454E2ZI (Maharashtra), 24AACCP4454E2ZO (Gujarat).
The CIN (Corporate Identification Number) of Metalloys Recycling is U15205MH1987PLC043227. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Metalloys Recycling has 11 court cases on record: 10 filed by the company and 1 filed against it. 4 are pending. Most are in the high courts.
Metalloys Recycling was incorporated on 23 April 1987, making it 39+ years old. It is registered with the Registrar of Companies, Mumbai.
Metalloys Recycling has 7 deals on record (6 secondary share transfers, 1 funding round), with disclosed funding of ₹11.76 Cr; the latest was in September 2018.
Ratan Lal Narayan Jain was appointed as Director on 02 Apr 2024. Nirmala Vijay Porwal ceased to be Additional Director on 29 Sep 2023. Nirmala Vijay Porwal was appointed as Director on 13 May 2023. Metalloys Recycling has 14 board changes on record in total.
Metalloys Recycling has 13 MSME Form 1 returns on record between 2020 and 2024, listing 55 overdue payments to 29 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Metalloys Recycling can be reached through the website metalloysrecycling.com. Its registered office is in Mumbai, Maharashtra, India.
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