MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-DL-03-0005508
Micolube India Ltd - chemicals and materials in Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹52.22 Cr
▼ 14% YoY
Net profit · FY 2024
₹23.73 Lakh
Net margin 0.5%
EBITDA · FY 2024
₹1.22 Cr
EBITDA margin 2.3%
Authorised capital
₹1.5 Cr
Registered with MCA
Paid-up capital
₹25 Lakh
Issued & subscribed
Open charges
₹17.3 Cr
Secured borrowings
Company age
40 yrs
Est. 1986
Employees · EPFO
51
Provident fund records
About Micolube India Ltd
Data last updated:
Micolube India Ltd is a public limited company based in Delhi, India. It operates in the petrochemicals and derivatives segment of the chemicals and materials sector. It was incorporated on 11 November 1986 and has been in existence for over 40 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1986PLC026049. Its GSTIN is 03AAACM1561F1Z2 (Punjab). The company holds 19 GST registrations, of which 16 are active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹25 Lakh. It is led by directors including Hans Raj (Managing Director) and Kapil Maggu.
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 J – 6 Udyog Nagar Industrial Area Peeragarhi, Delhi, India – 110041.
As per the financials filed for FY 2024, the company reported a revenue of ₹52.22 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net profit of ₹23.73 Lakh (net margin 0.5%) and EBITDA of ₹1.22 Cr (EBITDA margin 2.3%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 3% over five years.
The company has about 51 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹17.3 Cr on record. Court records list 25 cases involving the company, including 13 filed by the company and 12 filed against it; 2 cases are pending. The company has 12 deals on record (11 secondary share transfers, 1 funding round), with disclosed funding of ₹5 Lakh; the latest was in August 2016. Its 4 peer companies in the Chemicals industry (Petrochemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 2 larger and 2 smaller; the largest is Radiant Lubes Private Limited with revenue of ₹53.36 Cr. The company has 11 MSME Form 1 returns on record between 2019 and 2023, listing 706 overdue payments to 41 micro and small suppliers.
Micolube India Ltd is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-03-0005508). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website micolube.com.
Company details
CIN U74899DL1986PLC026049
Registration Number 026049
Incorporation Date 11 November 1986
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-DL-03-0005508
Recognitions & Rankings of Micolube India
Contact details
Micolube India Ltd's registered office is in Delhi, Delhi. Its website is micolube.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressJ – 6 Udyog Nagar Industrial Area Peeragarhi, Delhi, India – 110041
- IndustryChemicals and Materials, Petrochemicals & Derivatives
To see the full contact details of Micolube India Ltd, buy the company report.
Comprehensive company report
Micolube India Ltd - 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Micolube India is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Micolube India Ltd, buy the company report.
Financials of Micolube India Ltd
FY 2024 filings availableMicolube India Ltd reported revenue of ₹52.22 Cr (down 14% YoY) for FY 2024.
Revenue · FY 2024
₹52.22 Cr ▼ 14%
Net profit · FY 2024
₹23.73 Lakh margin 0.5%
EBITDA · FY 2024
₹1.22 Cr margin 2.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 14%
3 years · compounded
▼ 4%
5 years · compounded
▲ 3%
EBITDA CAGR growth
1 year
▲ 29%
3 years · compounded
▼ 6%
5 years · compounded
▼ 5%
Revenue fell 14% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA rose 29% 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 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 | ₹52.22 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.22 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹23.73 Lakh | ||||
| 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.3% | ||||
| Net Profit Margin | 0.5% | ||||
| 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 Micolube India Ltd, buy the company report.
Board of directors of Micolube India Ltd
Micolube India has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kapil Maggu | Director | 20 Jun 2009 | 17 Years 4 Months | Current |
| Hans Raj | Managing Director | 02 Sep 2017 | 9 Years 1 Months | Current |
| Sumit Maggu | Director | 19 Jun 2015 | 11 Years 4 Months | Current |
| Ramit Maggu Also directs: H R M Textiles Private Limited | Director | 01 Feb 2009 | 17 Years 8 Months | Current |
Peer comparison
Micolube India Ltd is compared with the 4 companies closest to it by revenue in the Chemicals industry (Petrochemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Radiant Lubes Private Limited | ₹53.36 Cr (FY 2025) | -30.0% | Nagpur, Maharashtra, India | |||
| Arteco Coolants India Private Limited | ₹52.82 Cr (FY 2025) | 11.0% | Pune, Maharashtra, India | |||
| Micolube India Ltdthis company | ₹52.22 Cr (FY 2024) | ₹23.73 Lakh | 0.5% | -14.0% | 51 | Delhi, India |
| Pratap Texchem Private Limited | ₹50.98 Cr (FY 2024) | 27.0% | Pune, Maharashtra, India | |||
| Advance Petrochemicals Limited | ₹50.35 Cr (FY 2025) | 43.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Micolube India Ltd, buy the company report.
Auditor
Micolube India Ltd is audited by Sharp & Tannan for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sharp & Tannan | FY 2024 | 000452N |
Shareholding
The shareholding of Micolube India Ltd is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Micolube India Ltd, buy the company report.
Charges & borrowings
Open charges
₹17.3 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Jul 2024 | 100964043 | Yes Bank Limited | ₹9.1 Cr | Open | |
| 16 Mar 2016 | 100026001 | Axis Bank Limited | ₹8.2 Cr | Open |
To see the full charge records of Micolube India Ltd, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Micolube India Ltd has 12 deals on record (11 secondary share transfers, 1 funding round), with disclosed funding of ₹5 Lakh; the latest was in August 2016.
Total deals
12
Secondary share transfers
11
Funding round
1
Disclosed funding
₹5 Lakh
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2016 | Secondary share transfer | Undisclosed | Buyer: Synergy Poly Additives Private Limited Seller: 3 individuals |
| Jan 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jul 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jun 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 3 individuals |
| Apr 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Micolube India 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
Micolube India Ltd has 25 court cases on record: 13 filed by Micolube India, 12 filed against it. 2 cases are pending and 23 are disposed.
Total cases
25
Filed by the company
13
Filed against the company
12
Pending
2
Disposed
23
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 5 | 2 |
| High courts | 12 | 7 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Hyderabad CCC, Telangana | Court case (COS) | Filed against the company by M/S. Mold-Tek Packaging Limited | Pending |
| District court, New Delhi, Delhi | Court case (CS (COMM.)) | Filed by the company against Ms Meco Lubricants Pvt. Ltd. and 2 others | Pending |
| District court, Hyderabad CCC, Telangana | Civil suit | Filed against the company by M/S. Mold-Tek Packaging Limited | Disposed |
| High Court of Delhi | Court case (C.O. (COMM.IPD-TM)) | Filed against the company by Bosch Ltd. Hosur Road, Adugodi, Bangalore, Karnataka | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed against the company by Bosch Ltd | Disposed |
To see the full case history of Micolube India 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
Micolube India Ltd has 11 MSME Form 1 returns on record between 2019 and 2023, listing 706 overdue payments to 41 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 41)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Amit Petrolubes Pvt Ltd (Mumbai) | |||
| an individual supplier | |||
| an individual supplier | |||
| CM Packers | |||
| Hanuman Trading Corporation |
To see the full MSME payment records of Micolube India Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Micolube India Ltd has a workforce of 51 employees on its EPFO records as of Feb 06, 2025, across 1 active EPFO establishment.
Employee count
51
Active EPFO establishments
1
Employee growth
2%
GST
Micolube India has 19 GST registrations: 16 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
19
Active
16
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAACM1561F1Z2 | Punjab | Active | 01 Jul 2017 |
| 06AAACM1561F1ZW | Haryana | Active | 01 Jul 2017 |
| 08AAACM1561F1ZS | Rajasthan | Active | 01 Jul 2017 |
| 18AAACM1561F1ZR | Assam | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Micolube India Ltd, buy the company report.
Recent activity
Micolube India Ltd has 13 board changes on record since 2007: 4 appointments and 9 cessations. The latest: Hans Raj ceased to be Additional Director on 30 Sep 2017.
AGM
Micolube India Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Axis Bank Limited of Rs. 8.20 Cr registered on 16 Mar 2016 with Charge ID 100026001 was modified on 30 Sep 2024.
Charges
A charge with Yes Bank Limited amounted to Rs. 9.10 Cr with Charge ID 100964043 was registered on 24 Jul 2024.
Filing
Micolube India Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.
Ceased
Hans Raj ceased to be Additional Director.
Appointed
Hans Raj was appointed as Managing Director.
Charges
A charge with Axis Bank Limited amounted to Rs. 8.20 Cr with Charge ID 100026001 was registered on 16 Mar 2016.
Ceased
Jaspal Garg ceased to be Director.
Ceased
Vishal Garg ceased to be Director.
Ceased
Sumit Maggu ceased to be Additional Director.
Appointed
Sumit Maggu was appointed as Director.
Ceased
Gagandeep Bhandula ceased to be Director.
7 earlier events are in the company report.
Frequently asked questions
Micolube India is an active public limited company based in Delhi, India. The company works in petrochemicals and derivatives, within the chemicals and materials industry. It was incorporated on 11 November 1986 (40+ years old) and is registered under CIN U74899DL1986PLC026049.
Micolube India has 4 current directors:
- Hans Raj - Managing Director
- Kapil Maggu - Director
- Sumit Maggu - Director
- Ramit Maggu - Director
The latest financial statements of Micolube India 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 Micolube India is 03AAACM1561F1Z2, registered in Punjab. The company has 19 GST registrations in all, of which 16 are active and 3 are cancelled or inactive. Other active GSTINs include 06AAACM1561F1ZW (Haryana), 08AAACM1561F1ZS (Rajasthan), 18AAACM1561F1ZR (Assam).
The CIN (Corporate Identification Number) of Micolube India is U74899DL1986PLC026049. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Micolube India has 25 court cases on record: 13 filed by the company and 12 filed against it. 2 are pending. Most are in the district courts.
Micolube India was incorporated on 11 November 1986, making it 40+ years old. It is registered with the Registrar of Companies, Delhi.
Micolube India has 12 deals on record (11 secondary share transfers, 1 funding round), with disclosed funding of ₹5 Lakh; the latest was in August 2016.
The peers of Micolube India by revenue are Radiant Lubes Private Limited, Arteco Coolants India Private Limited, Pratap Texchem Private Limited, Advance Petrochemicals Limited, all in the Chemicals industry (Petrochemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Hans Raj ceased to be Additional Director on 30 Sep 2017. Hans Raj was appointed as Managing Director on 02 Sep 2017. Jaspal Garg ceased to be Director on 25 Jan 2016. Micolube India has 13 board changes on record in total.
Yes, Micolube India is registered as a medium enterprise under Udyam registration (number: UDYAM-DL-03-0005508).
Micolube India has 11 MSME Form 1 returns on record between 2019 and 2023, listing 706 overdue payments to 41 micro and small suppliers. The latest return was filed on 18 Dec 2023.