About Indian Cane Power Limited
Data last updated:
Indian Cane Power Limited is a public limited company based in Davanagere, Karnataka, India. It operates in the sugar processing segment of the agriculture sector. It was incorporated on 01 March 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U01542KA2002PLC030187. Its GSTIN is 29AABCI5330F1ZS (Karnataka).
The company has an authorised share capital of ₹271 Cr and a paid-up capital of ₹171.06 Cr. It is led by directors including Arethol Sangappa Niranjan (Managing Director) and Mallikarjun Samarth Shamanur.
Its last annual general meeting (AGM) was held on 30 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 627 Kalleshwara Rice Mills Compound Anekonda, Davanagere, Karnataka, India – 577002.
As per the financials filed for FY 2024, the company reported a revenue of ₹1,279.13 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹48.3 Cr (net margin 3.8%) and EBITDA of ₹152.58 Cr (EBITDA margin 11.9%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 25% over five years.
The company has about 1,263 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: Indian Cane Power. As per MCA filings, the company has open charges of ₹1,146.62 Cr and satisfied charges of ₹1,661.48 Cr on record. Court records list 626 cases involving the company, including 564 filed by the company and 62 filed against it; 93 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website icpluttur.com.
Company details
Contact details
Indian Cane Power Limited's registered office is in Davanagere, Karnataka. Its website is icpluttur.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address627 Kalleshwara Rice Mills Compound Anekonda, Davanagere, Karnataka, India – 577002
- IndustryAgriculture, Sugar Processing
To see the full contact details of Indian Cane Power 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
Indian Cane Power operates one associated brand: Indian Cane Power. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Sugar production, power generation, and distilleries operations in Karnataka. | icpluttur.com |
Business activity
The main business activities of Indian Cane Power are manufacturing and electricity, gas, steam and air condition supply. In detail, this covers food, beverages and tobacco products, chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products and electric power generation, transmission and distribution. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products | |
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Indian Cane Power Limited, buy the company report.
Financials of Indian Cane Power Limited
FY 2024 filings availableIndian Cane Power Limited reported revenue of ₹1,279.13 Cr (down 7% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 7% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 25%. EBITDA fell 3% 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 | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹152.58 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹48.3 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.9% | ||||
| Net Profit Margin | 3.8% | ||||
| 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 Indian Cane Power Limited, buy the company report.
Board of directors and KMP of Indian Cane Power Limited
Indian Cane Power Limited currently reports 8 directors and 1 key managerial person. 17 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arethol Sangappa Niranjan | Managing Director | 01 Apr 2013 | 13 Years 6 Months | Current |
| Mallikarjun Samarth Shamanur Also directs: Shamanur Agro Tech Private Limited | Director | 01 Aug 2022 | 4 Years 2 Months | Current |
| Revanna Vinaykumara Also directs: Finemoon Ventures Private Limited | Cfo | 06 Jun 2023 | 3 Years 4 Months | Current |
| Shamanur Shivashankarappa Mallikarjun | Director | 10 Jan 2006 | 20 Years 9 Months | Current |
| Prabha Mallikarjun Also directs: Shamanur Agro Tech Private Limited | Director | 01 Apr 2013 | 13 Years 6 Months | Current |
| Premchand Also directs: Universal Bottler Private Limited | Director | 19 Oct 2016 | 10 Years 0 Months | Current |
Peer comparison
Indian Cane Power Limited is compared with the 9 companies closest to it by revenue in the Agriculture industry (Alcoholic Beverages, Sugar), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Simbhaoli Sugars Limited | ₹1,417.43 Cr (FY 2023) | -1.0% | Ghaziabad, Uttar Pradesh, India | |||
| Dwarikesh Sugar Industries Limited | ₹1,365.32 Cr (FY 2025) | -21.0% | Bijnore, Uttar Pradesh, India | |||
| Wave Industries Private Limited | ₹1,363.07 Cr (FY 2025) | 1.0% | New Delhi, Delhi, India | |||
| Alcograin Distillers Private Limited | ₹1,330.08 Cr (FY 2025) | 404.0% | Chandigarh, India | |||
| Magadh Sugar & Energy Limited | ₹1,325.11 Cr (FY 2025) | 21.0% | Sitapur, Uttar Pradesh, India | |||
| Indian Cane Power Limitedthis company | ₹1,279.13 Cr (FY 2024) | ₹48.3 Cr | 3.8% | -7.0% | 1,263 | Davanagere, Karnataka, India |
| Sentini Bioproducts Private Limited | ₹1,267.69 Cr (FY 2025) | 64.0% | Hyderabad, Telangana, India | |||
| Woodpecker Distilleries & Breweries Private Limited | ₹1,228.88 Cr (FY 2025) | 2.0% | Mumbai, Maharashtra, India | |||
| Modi Industries Limited | ₹1,196.75 Cr (FY 2025) | 2.0% | Uttar Pradesh, India | |||
| RSL Distilleries Private Limited | ₹1,181.99 Cr (FY 2025) | 49.0% | Chandigarh, India |
To see the full peer comparison of Indian Cane Power Limited, buy the company report.
Auditor
Indian Cane Power Limited is audited by SANTHAPPA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SANTHAPPA & CO. | FY 2023 | 0035645 |
Shareholding
The shareholding of Indian Cane Power Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Indian Cane Power Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Mar 2025 | 101095205 | Canara Bank | ₹64.8 Cr | Open | |
| 19 Mar 2025 | 101083174 | Others | ₹36 Cr | Open | |
| 22 Mar 2024 | 100919852 | State Bank of India | ₹375 Cr | Open | |
| 29 Sep 2022 | 100623264 | Sbicap Trustee Company Limited | ₹225 Cr | Open | |
| 22 Mar 2022 | 100556261 | Canara Bank | ₹12.97 Cr | Open |
To see the full charge records of Indian Cane Power Limited, buy the company report.
Total charge records: 38 View all charges
Legal cases
Indian Cane Power Limited has 626 court cases on record: 564 filed by Indian Cane Power, 62 filed against it. 93 cases are pending and 533 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 518 | 36 | 76 |
| High courts | 104 | 22 | 17 |
| Supreme Court | 4 | 4 | 0 |
Cases on record (5 of 626)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against Karnataka Power Transmission Corporation Limited (Kptcl), and 2 others | Pending |
| High Court | Writ petition | Filed by the company against M/S Indian Oil Corporation Limited and 5 others | Pending |
| High Court | Writ petition | Filed by the company against M/S Karnataka State Beverages Corporation Limited and 6 others | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against Karnataka Power Transmission Corporation Limited (Kptcl), and 2 others | Disposed |
| High Court | Writ petition | Filed against the company by M/S Vijayashree Sugars and Power Ltd | Disposed |
To see the full case history of Indian Cane Power 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.
Credit ratings & regulatory alerts
Indian Cane Power Limited was last rated by Brickwork on 28 May 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 28 May 2021 |
To see the full credit ratings and regulatory alerts of Indian Cane Power Limited, buy the company report.
MSME payment delays
Indian Cane Power Limited has 14 MSME Form 1 returns on record between 2016 and 2023, listing 142 overdue payments to 54 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 54)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Kimberlite Water Plus Private Limited | |||
| Techmates Marketing Services,Belgaum | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Indian Cane Power Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Indian Cane Power has 2 subsidiary companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Alagawadi Bireshwar Sugars Private Limited | U15421KA2006PTC039146 | |
| Someshwar Sugars Limited | U15424KA2006PLC040493 |
To see the full group structure of Indian Cane Power Limited, buy the company report.
Employees & EPFO
Indian Cane Power Limited has a workforce of 1,263 employees on its EPFO records as of Apr 06, 2024, across 2 active EPFO establishments.
GST
Indian Cane Power has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCI5330F1ZS | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Indian Cane Power Limited, buy the company report.
Recent activity
Indian Cane Power Limited has 20 board changes on record since 2006: 9 appointments and 11 cessations. The latest: Doddamane Veeranna Ravindra was appointed as Director on 22 Jun 2025.
82 earlier events are in the company report.
Frequently asked questions
Indian Cane Power is an active public limited company based in Davanagere, Karnataka, India. The company works in sugar processing, within the agriculture industry. It was incorporated on 01 March 2002 (24+ years old) and is registered under CIN U01542KA2002PLC030187.
Indian Cane Power has 9 current directors and KMP:
- Arethol Sangappa Niranjan - Managing Director
- Mallikarjun Samarth Shamanur - Director
- Shamanur Shivashankarappa Mallikarjun - Director
- Prabha Mallikarjun - Director
- Premchand - Director
- Subhash Chand Pahuja - Director
- Shamanur Shivashankarappa - Director
- Doddamane Veeranna Ravindra - Director
- Revanna Vinaykumara - Cfo
The latest financial statements of Indian Cane Power on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 December 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Indian Cane Power is 29AABCI5330F1ZS, registered in Karnataka.
The CIN (Corporate Identification Number) of Indian Cane Power is U01542KA2002PLC030187. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indian Cane Power has 626 court cases on record: 564 filed by the company and 62 filed against it. 93 are pending. Most are in the district courts.
Indian Cane Power was incorporated on 01 March 2002, making it 24+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Indian Cane Power by revenue are Simbhaoli Sugars Limited, Dwarikesh Sugar Industries Limited, Wave Industries Private Limited, Alcograin Distillers Private Limited, Magadh Sugar & Energy Limited and 4 more, all in the Agriculture industry (Alcoholic Beverages, Sugar), with the same principal business activity (food, beverages and tobacco products).
Doddamane Veeranna Ravindra was appointed as Director on 22 Jun 2025. Revanna Vinaykumara was appointed as CFO on 06 Jun 2023. Arpita Jain ceased to be Company Secretary on 14 Jan 2023. Indian Cane Power has 20 board changes on record in total.
Indian Cane Power has 14 MSME Form 1 returns on record between 2016 and 2023, listing 142 overdue payments to 54 micro and small suppliers. The latest return was filed on 27 Aug 2023.
Indian Cane Power can be reached through the website icpluttur.com. Its registered office is in Davanagere, Karnataka, India.
The registered office of Indian Cane Power is at 627 Kalleshwara Rice Mills Compound Anekonda, Davanagere, Karnataka, India – 577002.