About Mittal Sections Limited
Data last updated:
Mittal Sections Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 02 April 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L27109GJ2009PLC056527. Its GSTIN is 24AAFCM9771Q1ZM (Gujarat). It is a listed company.
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹11.57 Cr. It is led by directors including Ajaykumar Balwantrai Mittal (Officer In Default) and Sushiladevi Balwantrai Mittal.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 01 Sona Roopa Apartment Opp. Lal Bunglow C.G. Road Navrangpura, Ahmedabad, Gujarat, India – 380009.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹148.58 Cr, a growth of 8.6% compared to the previous year. For the same year it recorded a net profit of ₹3.45 Cr (net margin 2.3%) and EBITDA of ₹7.5 Cr (EBITDA margin 5%). The net worth stands at ₹58.03 Cr (up 470.6% YoY). Total assets are valued at ₹83.04 Cr (up 163.9% YoY).
The company has about 10 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹89.57 Cr and satisfied charges of ₹87.55 Cr on record. Court records list 1 case involving the company. The company has 3 deals on record (2 market trades, 1 ipo); the latest was in March 2026. Its 10 peer companies in the Metals and Minerals industry (Steel) are compared by revenue, 5 larger and 5 smaller; the largest is Sevenstar Special Steel Private Limited with revenue of ₹137.85 Cr. The company has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 19 overdue payments to 8 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 abmittalgroup.com.
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- Registered Address01 Sona Roopa Apartment Opp. Lal Bunglow C.G. Road Navrangpura, Ahmedabad, Gujarat, India – 380009
- IndustryMetals and Minerals, Steel Manufacturing & Processing
- 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
- One PDF report, delivered after checkout
Business Activity of Mittal Sections Limited
The main business activity of Mittal Sections is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Mittal Sections Limited FY 2025-26 filings available
Mittal Sections Limited reported revenue of ₹148.58 Cr (up 8.6% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | 149 | 137 | 161 | 167 | 149 | 88.61 |
| Revenue growth | +8.6% | -15.3% | -3.4% | +12.2% | +68.2% | - |
| EBITDA | 7.50 | 7.40 | 5.37 | 3.10 | 2.94 | 1.58 |
| EBITDA margin | +5.1% | +5.4% | +3.3% | +1.9% | +2.0% | +1.8% |
| Profit before tax | 5.11 | 4.91 | 2.61 | 0.77 | 0.80 | (0.82) |
| Net profit | 3.45 | 3.43 | 1.90 | 0.52 | 0.55 | (0.74) |
| Net profit margin | +2.3% | +2.5% | +1.2% | +0.3% | +0.4% | -0.8% |
| EPS (₹) | 2.99 | 4.37 | 7.22 | 2.13 | 2.29 | (2.32) |
| Balance sheet | ||||||
| Total assets | 83.04 | 31.47 | 21.92 | 25.39 | 17.97 | 21.71 |
| Net worth | 58.03 | 10.17 | 6.73 | 4.83 | 4.28 | 3.68 |
| Total debt | 24.81 | 21.10 | 15.00 | 20.39 | 13.54 | 17.89 |
| Cash & bank | 2.59 | 0.04 | 0.03 | 0.03 | 0.06 | 0.06 |
| Net working capital | 22.85 | 8.22 | 14.54 | 16.64 | 9.12 | 12.65 |
| Cash flow | ||||||
| Cash from operations | (6.32) | 0.03 | 7.47 | (4.32) | 6.55 | (2.59) |
| Cash from investing | (37.05) | (4.42) | (0.11) | (0.77) | (0.81) | (0.32) |
| Cash from financing | 45.91 | 4.39 | (7.36) | 5.07 | (5.75) | 2.55 |
Financial Statements
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Revenue | 149 | 137 | 161 | 167 | 149 | 88.61 |
| Revenue growth | +8.6% | -15.3% | -3.4% | +12.2% | +68.2% | - |
| Other income | 0.82 | 0.21 | 0.17 | 0.35 | 0.09 | 0.17 |
| Total expenses | 141 | 129 | 156 | 164 | 146 | 87.03 |
| Employee cost | 1.60 | 1.28 | 1.04 | 1.06 | 0.87 | 0.59 |
| EBITDA | 7.50 | 7.40 | 5.37 | 3.10 | 2.94 | 1.58 |
| EBITDA margin | +5.1% | +5.4% | +3.3% | +1.9% | +2.0% | +1.8% |
| Depreciation | 1.01 | 0.99 | 0.96 | 0.90 | 0.83 | 0.86 |
| Interest | 2.20 | 1.71 | 1.97 | 1.78 | 1.40 | 1.71 |
| Profit before tax | 5.11 | 4.91 | 2.61 | 0.77 | 0.80 | (0.82) |
| Tax | 1.66 | 1.48 | 0.71 | 0.20 | 0.20 | (0.21) |
| Net profit | 3.45 | 3.43 | 1.90 | 0.52 | 0.55 | (0.74) |
| Net profit margin | +2.3% | +2.5% | +1.2% | +0.3% | +0.4% | -0.8% |
| EPS (₹) | 2.99 | 4.37 | 7.22 | 2.13 | 2.29 | (2.32) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Equity & liabilities | ||||||
| Share capital | 11.57 | 7.87 | 2.62 | 2.62 | 2.62 | 2.62 |
| Reserves & surplus | 46.46 | 2.30 | 4.11 | 2.21 | 1.66 | 1.06 |
| Shareholders' funds (net worth) | 58.03 | 10.17 | 6.73 | 4.83 | 4.28 | 3.68 |
| Secured loans | 10.68 | 11.66 | 10.65 | 12.42 | 12.33 | 14.84 |
| Unsecured loans | 14.13 | 9.44 | 4.35 | 7.97 | 1.21 | 3.05 |
| Total debt | 24.81 | 21.10 | 15.00 | 20.39 | 13.54 | 17.89 |
| Total liabilities | 83.04 | 31.47 | 21.92 | 25.39 | 17.97 | 21.71 |
| Assets | ||||||
| Gross block | 16.73 | 16.40 | 15.50 | 15.21 | 14.37 | 14.05 |
| Net block | 6.79 | 7.45 | 7.56 | 8.23 | 8.28 | 8.31 |
| Capital work in progress | 19.90 | 3.74 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.01 | 0.01 | 0.03 | 0.04 | 0.04 | 0.04 |
| Inventories | 11.87 | 6.19 | 6.36 | 12.11 | 12.49 | 8.55 |
| Sundry debtors | 18.62 | 10.35 | 5.27 | 8.07 | 6.82 | 5.93 |
| Cash & bank balances | 2.59 | 0.04 | 0.03 | 0.03 | 0.06 | 0.06 |
| Loans & advances | 4.36 | 4.10 | 9.11 | 4.20 | 3.98 | 3.41 |
| Total current assets | 37.44 | 20.68 | 20.77 | 24.41 | 23.35 | 17.95 |
| Total current liabilities | 14.59 | 12.46 | 6.23 | 7.77 | 14.23 | 5.30 |
| Net working capital | 22.85 | 8.22 | 14.54 | 16.64 | 9.12 | 12.65 |
| Total assets | 83.04 | 31.47 | 21.92 | 25.39 | 17.97 | 21.71 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Opening cash | 0.04 | 0.03 | 0.03 | 0.06 | 0.06 | 0.42 |
| Net cash from operating activities | (6.32) | 0.03 | 7.47 | (4.32) | 6.55 | (2.59) |
| Net cash from investing activities | (37.05) | (4.42) | (0.11) | (0.77) | (0.81) | (0.32) |
| Net cash from financing activities | 45.91 | 4.39 | (7.36) | 5.07 | (5.75) | 2.55 |
| Net change in cash | 2.55 | 0.01 | 0.00 | (0.02) | (0.01) | (0.36) |
| Closing cash | 2.59 | 0.04 | 0.03 | 0.03 | 0.06 | 0.06 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Growth | ||||||
| Sales growth | +8.6% | -15.3% | -3.4% | +12.2% | +68.2% | - |
| EBITDA growth | +1.4% | +37.8% | +73.2% | +5.4% | +86.1% | - |
| PBT growth | +4.1% | +88.1% | +239.0% | -3.8% | +9998.0% | +9997.0% |
| Net income growth | +0.6% | +80.5% | +265.4% | -5.5% | +174.3% | - |
| Revenue CAGR (3Y) | -3.9% | -2.8% | +22.2% | - | - | - |
| EBITDA CAGR (3Y) | +34.3% | +36.0% | +50.4% | - | - | - |
| Profitability & leverage | ||||||
| Net income margin | +2.3% | +2.5% | +1.2% | +0.3% | +0.4% | -0.7% |
| Return on capital employed | +12.8% | +24.8% | +19.3% | +11.3% | +11.1% | 0.0% |
| Return on net worth | +10.2% | +40.7% | +32.7% | +11.2% | +15.1% | 0.0% |
| Debt / equity | 0.67 | 2.14 | 3.06 | 3.72 | 3.95 | 4.86 |
| Long-term debt / equity | 0.36 | 0.92 | 1.05 | 1.54 | 1.66 | 1.96 |
| Interest cover | 33.90 | 26.68 | 44.67 | 80.91 | 66.35 | 237.50 |
| Efficiency & per share | ||||||
| Fixed asset turnover | 10.51 | 10.09 | 10.52 | 11.30 | 12.38 | 7.44 |
| Inventory turnover | 19.27 | 25.65 | 17.49 | 13.59 | 16.72 | 12.23 |
| Debtors turnover | 12.01 | 20.61 | 24.21 | 22.46 | 27.59 | 17.63 |
| EPS (₹) | 2.99 | 4.37 | 7.22 | 2.13 | 2.29 | (2.32) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 50.16 | 12.92 | 25.67 | 18.45 | 16.32 | 14.02 |
Peer Comparison of Mittal Sections Limited
Mittal Sections Limited is compared with the companies closest to it by revenue in the Metals and Minerals industry (Steel). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mittal Sections Limited this company | ₹148.58 Cr (FY 2026) | •••• | •••• | 8.6% | •••• | Ahmedabad, Gujarat, India |
| Sevenstar Special Steel Private Limited | ₹137.85 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Mumbai, Maharashtra, India |
| Shree Radhakrishna Alloys Private Limited | ₹137.51 Cr (FY 2025) | •••• | •••• | -13.0% | •••• | Kanpur, Uttar Pradesh, India |
| Bhilai Iron and Steel Processing Company Private Limited | ₹137.47 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Bhilai, Chhattisgarh, India |
| Laxmi Rolling and Strips Private Limited | ₹137.25 Cr (FY 2025) | •••• | •••• | -25.0% | •••• | Bangalore, Karnataka, India |
| Animesh Ispat Private Limited | ₹137.24 Cr (FY 2024) | •••• | •••• | -80.0% | •••• | Raipur, Chhattisgarh, India |
| Sachi Steel Solutions Private Limited | ₹136.71 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Ahmedabad, Gujarat, India |
| Kamper Concast Limited | ₹136.56 Cr (FY 2022) | •••• | •••• | 59.0% | •••• | Patna, Bihar, India |
| Dhiman Industries Private Limited | ₹136.39 Cr (FY 2025) | •••• | •••• | -17.0% | •••• | New Delhi, Delhi, India |
| Shilphy Steels Pvt Ltd | ₹136.38 Cr (FY 2025) | •••• | •••• | -21.0% | •••• | Raipur, Chhattisgarh, India |
| Peb Steel Lloyd (India) Limited | ₹136.37 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Mittal Sections by revenue in the Metals and Minerals industry (Steel), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors and KMP of Mittal Sections Limited
Mittal Sections Limited currently reports 4 directors and 1 key managerial person. 10 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajaykumar Balwantrai Mittal | Officer In Default | 31 Jan 2024 | 2 Years 8 Months | Current |
| Sushiladevi Balwantrai Mittal Also directs: Armaanya Textiles Limited, Abhyaryan Texfab Limited | Director | 02 Apr 2009 | 17 Years 6 Months | Current |
| Aishwarya Singhvi Also directs: Nurture Well Industries Limited, Rubfila International Ltd, Trom Industries Limited and 2 more | Director | 31 Jul 2024 | 2 Years 2 Months | Current |
| Atul Balwantrai Mittal | Cfo | 31 Jul 2024 | 2 Years 2 Months | Current |
| Dhruvi Shyam Kapadia | Director | 31 Jul 2024 | 2 Years 2 Months | Current |
Charges & Borrowings of Mittal Sections Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Jun 2026 | Hdfc Bank Limited | ₹53.78 Lakh | Open |
| 17 Apr 2026 | Hdfc Bank Limited | ₹66.54 Cr | Open |
| 21 Oct 2024 | Others | ₹7.28 Cr | Open |
| 23 Dec 2022 | Axis Bank Limited | ₹15.1 Cr | Open |
| 27 Jan 2020 | Hdfc Bank Limited | ₹11.47 Lakh | Open |
Total charge records: 10 View all charges
Deals & Funding of Mittal Sections Limited
Mittal Sections Limited has 3 deals on record (2 market trades, 1 ipo); the latest was in March 2026.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2026 | Market trade | ₹19.5 Lakh | Seller: Craft Emerging Market Fund Pcc- Elite Capital Fund |
| Oct 2025 | Market trade | ₹2.11 Cr | Buyer: Neo Apex Venture LLP , Soham Fincare India LLP , Xtended Business Reporting Limited Seller: Sunflower Broking Private Limited , Neo Apex Venture LLP , Soham Fincare India LLP |
| Oct 2025 | IPO | ₹52.91 Cr | Investors: Public Market Investors |
Full deal history
All 3 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 Mittal Sections Limited
Mittal Sections Limited has 1 court case on record: 1 where it is another party. All case is disposed. Status as checked on 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (RECO33C2-LC) | Company is another party | Disposed |
Full case history
All 1 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.
MSME Payment Delays by Mittal Sections Limited
Mittal Sections Limited has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 19 overdue payments to 8 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 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Madhuraj Industrial Gases Private Limited | •••• | •••• | •••• |
| Saraswati Electric Co. | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 2 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Mittal Sections Limited
Employment history and EPFO contributions of people linked to Mittal Sections.
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.
CIN History of Mittal Sections Limited
Mittal Sections has one previous CIN (Corporate Identification Number): U27109GJ2009PLC056527. The current CIN is L27109GJ2009PLC056527, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L27109GJ2009PLC056527 | Current |
| U27109GJ2009PLC056527 | Previous |
Recent Activity on Mittal Sections Limited
Mittal Sections Limited has 15 board changes on record since 2009: 5 appointments and 10 cessations. The latest: Aishwarya Singhvi was appointed as Director on 31 Jul 2024.
26 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Mittal Sections 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.
Subsidiaries & Group Companies of Mittal Sections 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 Mittal Sections Limited
Mittal Sections has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCM9771Q1ZM | Gujarat | 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 Mittal Sections 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 Mittal Sections Limited
Mittal Sections is an active public limited company based in Ahmedabad, Gujarat, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 02 April 2009 (17+ years old) and is registered under CIN L27109GJ2009PLC056527.
Mittal Sections reported revenue of ₹148.58 Cr for FY 2025-26 (up 8.6% YoY) based on standalone financials.
Mittal Sections has 5 current directors and KMP:
- Sushiladevi Balwantrai Mittal - Director
- Aishwarya Singhvi - Director
- Dhruvi Shyam Kapadia - Director
- Ajaykumar Balwantrai Mittal - Officer In Default
- Atul Balwantrai Mittal - Cfo
The GSTIN of Mittal Sections is 24AAFCM9771Q1ZM, registered in Gujarat.
The CIN (Corporate Identification Number) of Mittal Sections is L27109GJ2009PLC056527. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes, Mittal Sections is a listed company.
Mittal Sections has 1 court case on record.
Mittal Sections was incorporated on 02 April 2009, making it 17+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Mittal Sections has 3 deals on record (2 market trades, 1 ipo); the latest was in March 2026.
The peers of Mittal Sections by revenue are Sevenstar Special Steel Private Limited, Shree Radhakrishna Alloys Private Limited, Bhilai Iron and Steel Processing Company Private Limited, Laxmi Rolling and Strips Private Limited, Animesh Ispat Private Limited and 5 more, all in the Metals and Minerals industry (Steel).
Aishwarya Singhvi was appointed as Director on 31 Jul 2024. Aishwarya Singhvi ceased to be Additional Director on 31 Jul 2024. Atul Balwantrai Mittal was appointed as CFO on 31 Jul 2024. Mittal Sections has 15 board changes on record in total.
Mittal Sections has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 19 overdue payments to 8 micro and small suppliers. The latest return was filed on 05 Nov 2019.