Sunflag Iron and Steel Co Ltd

BSE: 500404 NSE: SUNFLAG
Sunflag Iron and Steel Co Ltd - metals and minerals in Nagpur, Maharashtra, India. FY 2026 financials & compliance.
CIN L27100MH1984PLC034003 Incorporated 12 September 1984 ROC Nagpur HQ Nagpur, Maharashtra, India
Active Listed - NSE: SUNFLAG · BSE: 500404 Public Limited Company metals and minerals
Data last updated
Market Cap
₹7,026 Cr
SUNFLAG · NSE
Share Price
₹382.05
-2.00% today
Revenue
₹4,053 Cr
FY 2025-26 · +10.9% YoY
EBITDA
₹468 Cr
Margin 11.6%
Net Profit
₹209 Cr
FY 2025-26 · +29.1% YoY
P/E (TTM)
33.2x
P/B 0.8x
ROE
2.4%
ROCE 4.1%
Debt / Equity
0.07
Interest cover 20.4x

About Sunflag Iron and Steel Co Ltd

Data last updated:

Sunflag Iron and Steel Co Ltd is a public limited company based in Nagpur, Maharashtra, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 12 September 1984 and has been in existence for over 42 years.

Its director Ravi Bhushan Bhardwaj and family are #840 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Nagpur, under CIN L27100MH1984PLC034003. Its GSTIN is 27AACCS3376C1ZH (Maharashtra). The company holds 15 GST registrations, of which 4 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 500404 and NSE: SUNFLAG.

The company has an authorised share capital of ₹205 Cr and a paid-up capital of ₹180.22 Cr. It is led by directors including Pranav Ravi Bhardwaj (Managing Director) and Ramchandra Vasant Dalvi (Whole-Time Director).

Its last annual general meeting (AGM) was held on 25 September 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Nagpur, Maharashtra.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹4,052.6 Cr, a growth of 10.9% compared to the previous year. For the same year it recorded a net profit of ₹209.15 Cr (net margin 5.2%) and EBITDA of ₹468.12 Cr (EBITDA margin 11.6%). The net worth stands at ₹8,872.52 Cr (up 1.2% YoY). Total assets are valued at ₹9,425.35 Cr (up 0.1% YoY).

The company has about 1,090 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries and 4 joint ventures.

The company is associated with 1 brand: Sunflag Steel. As per MCA filings, the company has open charges of ₹2,150.55 Cr and satisfied charges of ₹1,997.05 Cr on record. Court records list 234 cases involving the company, including 115 filed by the company and 119 filed against it; 38 cases are pending. The company has 44 deals on record (42 market trades, 2 acquisitions); the latest was in May 2026. The company has 34 MSME Form 1 returns on record between 2012 and 2024, listing 142 overdue payments to 38 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 sunflagsteel.com.

Company details

CIN L27100MH1984PLC034003
Registration Number 034003
Incorporation Date 12 September 1984
ROC Nagpur
Listing Status Listed - Listed on NSE (SUNFLAG); Listed on BSE (500404)
Company Status Active
Date of Last AGM 25 September 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
Key People
Pranav Ravi Bhardwaj Managing Director Ramchandra Vasant Dalvi Whole-Time Director Suhrit Ravi Bhushan Bhardwaj Director

Recognitions & Rankings of Sunflag Iron and Steel Co

Contact details

Sunflag Iron and Steel Co Ltd's registered office is in Nagpur, Maharashtra. Its website is sunflagsteel.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    sunflagsteel.com
  • Social Media
  • Registered Address
    33/1 Mount Road, Sadar, Nagpur, Maharashtra, India – 440001
  • Industry
    Metals and Minerals, Steel Manufacturing & Processing

To see the full contact details of Sunflag Iron and Steel Co Ltd, buy the company report.

Comprehensive company report
Sunflag Iron and Steel Co 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

Brands

Sunflag Iron and Steel Co operates one associated brand: Sunflag Steel. Each brand links to its own profile.

BrandDescriptionWebsite
Sunflag Steel
Sunflag Steel is engaged in manufacturing high-quality steel products.sunflagsteel.com

Business activity

The main business activity of Sunflag Iron and Steel Co is manufacturing. In detail, this covers manufacture of basic metals.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturing24Manufacture of basic metals

To see the full business activity and turnover split of Sunflag Iron and Steel Co Ltd, buy the company report.

Financials of Sunflag Iron and Steel Co Ltd

FY 2025-26 filings available

Sunflag Iron and Steel Co Ltd reported revenue of ₹4,052.6 Cr (up 10.9% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹4,053 Cr
+10.9% YoY
EBITDA
₹468 Cr
+20.2% YoY
Profit After Tax
₹209 Cr
+29.1% YoY
Net Worth
₹8,873 Cr
+1.2% YoY
Total Assets
₹9,425 Cr
+0.1% YoY
Total Debt
₹524 Cr
-16.0% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue4,0533,6533,5023,5602,7181,9221,826
Revenue growth+10.9%+4.3%-1.6%+31.0%+41.4%+5.3%-
EBITDA468389375446398254170
EBITDA margin+11.6%+10.7%+10.7%+12.5%+14.7%+13.2%+9.3%
Profit before tax3012121831,48528516693.84
Net profit20916214422421714192.05
Net profit margin+5.2%+4.4%+4.1%+6.3%+8.0%+7.3%+5.0%
EPS (₹)11.238.997.9661.8812.047.805.11
Balance sheet
Total assets9,4259,4145,9363,9922,3801,8581,839
Net worth8,8738,7665,1643,3421,7491,5331,385
Total debt524624727609587268387
Cash & bank23015825311867.6370.5753.17
Net working capital975895876671805547555
Cash flow
Cash from operations39019224427843.19223209
Cash from investing(122)(91.29)(83.26)(219)(335)(59.97)(125)
Cash from financing(188)(194)21.21(63.26)289(151)(79.15)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,0791,0019429731,023883892866
Revenue growth (YoY)+5.5%+13.3%+5.7%+12.4%+14.4%---
Other income12.603.302.972.249.633.132.768.30
EBITDA11912412310112010011098.52
EBITDA margin+11.1%+12.4%+13.1%+10.4%+11.7%+11.4%+12.4%+11.4%
Depreciation29.9028.3730.8027.0126.9926.4026.0526.00
Interest14.0117.6617.2116.8120.5421.8721.5125.18
Profit before tax88.0181.3478.2559.3481.8955.2965.5755.64
Tax21.9647.0618.3113.8019.2812.0415.4314.67
Net profit66.0534.2859.9445.5462.6143.2550.1440.97
EPS (₹)3.661.903.332.533.472.402.782.26
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue4,0533,6533,5023,5602,7181,9221,826
Revenue growth+10.9%+4.3%-1.6%+31.0%+41.4%+5.3%-
EBITDA468389375446398247171
EBITDA margin+11.6%+10.7%+10.7%+12.5%+14.7%+12.9%+9.3%
Profit before tax2992111811,48428415994.33
Net profit20716214222321613492.56
Net profit margin+5.1%+4.4%+4.0%+6.3%+8.0%+7.0%+5.1%
EPS (₹)11.138.987.8661.8312.017.415.14
Balance sheet
Total assets9,4129,3925,9143,9722,3621,8401,835
Net worth8,8658,7505,1483,3291,7361,5211,387
Total debt520620722605582264382
Cash & bank22815725211766.3769.3451.97
Net working capital974893875669804545554
Cash flow
Cash from operations39019224427843.16223208
Cash from investing(122)(91.32)(83.17)(219)(335)(59.97)(126)
Cash from financing(188)(194)21.22(63.28)289(151)(79.12)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,0791,0019429731,023883892866
Revenue growth (YoY)+5.5%+13.3%+5.7%+12.4%+14.4%---
Other income10.512.962.132.229.062.652.758.28
Total expenses960877819872903783781767
EBITDA11912412310112010011198.52
EBITDA margin+11.1%+12.4%+13.1%+10.4%+11.7%+11.4%+12.4%+11.4%
Depreciation29.9028.3730.8027.0126.9926.4026.0526.00
Interest14.0117.6617.2116.8120.5421.8721.5125.18
Profit before tax85.9281.0177.4159.3781.3254.8265.8755.62
Tax21.9647.0618.3113.8019.2812.0415.4314.67

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 06 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,0791,0019429731,023883892866
Revenue growth (YoY)+5.5%+13.3%+5.7%+12.4%+14.4%---
Other income12.603.302.972.249.633.132.768.30
EBITDA11912412310112010011098.52
EBITDA margin+11.1%+12.4%+13.1%+10.4%+11.7%+11.4%+12.4%+11.4%
Depreciation29.9028.3730.8027.0126.9926.4026.0526.00
Interest14.0117.6617.2116.8120.5421.8721.5125.18
Profit before tax88.0181.3478.2559.3481.8955.2965.5755.64
Tax21.9647.0618.3113.8019.2812.0415.4314.67
Net profit66.0534.2859.9445.5462.6143.2550.1440.97
EPS (₹)3.661.903.332.533.472.402.782.26
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue4,0533,6533,5023,5602,7181,9221,826
Revenue growth+10.9%+4.3%-1.6%+31.0%+41.4%+5.3%-
Other income18.0916.808.021,2015.1411.3311.22
Total expenses3,5843,2643,1263,1142,3201,6681,656
Employee cost15113712110897.8692.4697.34
EBITDA468389375446398254170
EBITDA margin+11.6%+10.7%+10.7%+12.5%+14.7%+13.2%+9.3%
Depreciation11310410380.6476.3170.2046.22
Interest72.2289.9096.7181.1042.2529.4841.25
Profit before tax3012121831,48528516693.84
Tax98.4549.6839.8137067.9025.081.77
Net profit20916214422421714192.05
Net profit margin+5.2%+4.4%+4.1%+6.3%+8.0%+7.3%+5.0%
EPS (₹)11.238.997.9661.8812.047.805.11
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital180180180180180180180
Reserves & surplus8,6928,5864,9843,1621,5691,3531,205
Shareholders' funds (net worth)8,8738,7665,1643,3421,7491,5331,385
Minority interest1.621.601.581.561.541.521.46
Secured loans457553652509430146289
Unsecured loans67.4671.5274.6810015612297.79
Total debt524624727609587268387
Total liabilities9,4259,4145,9363,9922,3801,8581,839
Assets
Gross block2,1631,9651,9011,8651,4451,3062,047
Net block1,5771,4851,5251,5911,2521,1901,147
Capital work in progress214297281193373173233
Investments7,6927,7793,6421,72616.5916.0010.75
Inventories976931833866837544563
Sundry debtors339362346315276210222
Cash & bank balances23015825311867.6370.5753.17
Loans & advances18911685.0888.1816881.10105
Total current assets1,7341,5671,5171,3871,349906943
Total current liabilities759672641717544359387
Net working capital975895876671805547555
Total assets9,4259,4145,9363,9922,3801,8581,839
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash10119411.4915.9418.636.411.84
Net cash from operating activities39019224427843.19223209
Net cash from investing activities(122)(91.29)(83.26)(219)(335)(59.97)(125)
Net cash from financing activities(188)(194)21.21(63.26)289(151)(79.15)
Net change in cash80.68(92.62)182(4.45)(2.69)12.224.57
Closing cash23015825311867.6370.5753.17
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+10.9%+4.3%-1.6%+31.0%+41.4%+5.3%-
EBITDA growth+20.2%+3.8%-15.9%+11.9%+56.8%+49.4%-
PBT growth+42.1%+15.5%-87.7%+421.2%+72.0%+76.6%-45.4%
Net income growth+29.1%+12.9%-35.8%+3.0%+54.3%+52.8%-
Revenue CAGR (3Y)+4.4%+10.4%+22.1%+24.9%+7.5%-2.5%+6.4%
EBITDA CAGR (3Y)+1.6%-0.8%+13.9%+37.9%+18.8%+2.4%+5.4%
Profitability & leverage
Net income margin+5.0%+4.4%+4.1%+31.3%+8.0%+7.3%+5.0%
Return on capital employed+4.1%+4.1%+6.1%+13.2%+18.5%+13.1%+9.6%
Return on net worth+2.4%+2.5%+3.7%+10.2%+16.7%+12.8%+9.4%
Debt / equity0.070.100.170.270.330.300.38
Long-term debt / equity0.020.040.100.160.170.170.12
Interest cover20.3531.5635.5522.2113.1216.0333.30
Efficiency & per share
Fixed asset turnover2.342.302.312.742.641.461.19
Inventory turnover4.254.144.124.183.943.473.28
Debtors turnover11.5610.3210.5912.0311.178.907.19
EPS (₹)11.238.997.9661.8812.047.805.11
Dividend per share (₹)1.000.750.000.000.000.000.00
Book value per share (₹)474.06467.65266.78164.7278.3365.6056.72
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,0791,0019429731,023883892866
Revenue growth (YoY)+5.5%+13.3%+5.7%+12.4%+14.4%---
Other income10.512.962.132.229.062.652.758.28
Total expenses960877819872903783781767
EBITDA11912412310112010011198.52
EBITDA margin+11.1%+12.4%+13.1%+10.4%+11.7%+11.4%+12.4%+11.4%
Depreciation29.9028.3730.8027.0126.9926.4026.0526.00
Interest14.0117.6617.2116.8120.5421.8721.5125.18
Profit before tax85.9281.0177.4159.3781.3254.8265.8755.62
Tax21.9647.0618.3113.8019.2812.0415.4314.67
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue4,0533,6533,5023,5602,7181,9221,826
Revenue growth+10.9%+4.3%-1.6%+31.0%+41.4%+5.3%-
Other income16.3716.466.071,2004.5110.9211.16
Total expenses3,5843,2643,1263,1142,3201,6751,656
Employee cost15113712110897.8692.4697.34
EBITDA468389375446398247171
EBITDA margin+11.6%+10.7%+10.7%+12.5%+14.7%+12.9%+9.3%
Depreciation11310410380.6576.3170.1846.20
Interest72.2289.9096.7181.1042.2529.4841.25
Profit before tax2992111811,48428415994.33
Tax98.4549.6839.8137067.8925.081.77
Net profit20716214222321613492.56
Net profit margin+5.1%+4.4%+4.0%+6.3%+8.0%+7.0%+5.1%
EPS (₹)11.138.987.8661.8312.017.415.14
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital180180180180180180180
Reserves & surplus8,6858,5704,9683,1481,5561,3411,206
Shareholders' funds (net worth)8,8658,7505,1483,3291,7361,5211,387
Secured loans457553652529503178289
Unsecured loans63.1867.2470.4076.5679.2486.2593.51
Total debt520620722605582264382
Total liabilities9,4129,3925,9143,9722,3621,8401,835
Assets
Gross block2,1611,9631,8991,8631,4431,3042,045
Net block1,5751,4831,5231,5901,2501,1881,145
Capital work in progress201274258170350150210
Investments7,6957,7843,6471,72213.8913.8914.50
Inventories976931833866837544563
Sundry debtors339362346315276210222
Cash & bank balances22815725211766.3769.3451.97
Loans & advances18911685.0788.1816881.10105
Total current assets1,7331,5661,5151,3861,348904942
Total current liabilities759672641717544359387
Net working capital974893875669804545554
Total assets9,4129,3925,9143,9722,3621,8401,835
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash99.7919210.1814.6817.405.211.61
Net cash from operating activities39019224427843.16223208
Net cash from investing activities(122)(91.32)(83.17)(219)(335)(59.97)(126)
Net cash from financing activities(188)(194)21.22(63.28)289(151)(79.12)
Net change in cash80.62(92.60)182(4.50)(2.72)12.193.60
Closing cash22815725211766.3769.3451.97
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+10.9%+4.3%-1.6%+31.0%+41.4%+5.3%-
EBITDA growth+20.2%+3.8%-15.9%+11.9%+61.1%+45.0%-
PBT growth+41.5%+16.5%-87.8%+422.0%+79.3%+68.1%-45.3%
Net income growth+28.3%+14.2%-36.4%+3.0%+62.1%+44.3%-
Revenue CAGR (3Y)+4.4%+10.4%+22.1%+24.9%+6.8%-2.5%+6.4%
EBITDA CAGR (3Y)+1.6%-0.8%+14.9%+37.7%+18.8%+1.5%+5.5%
Profitability & leverage
Net income margin+5.0%+4.4%+4.0%+31.3%+8.0%+7.0%+5.1%
Return on capital employed+4.1%+4.1%+6.1%+13.2%+18.6%+12.7%+9.7%
Return on net worth+2.4%+2.5%+3.7%+10.2%+16.9%+12.2%+9.4%
Debt / equity0.070.100.170.270.330.290.37
Long-term debt / equity0.020.040.100.160.170.170.12
Interest cover20.3531.5635.5522.2113.1216.6433.15
Efficiency & per share
Fixed asset turnover2.342.312.312.742.641.461.19
Inventory turnover4.254.144.124.183.943.473.28
Debtors turnover11.5610.3210.5912.0311.178.907.19
EPS (₹)11.138.987.8661.8312.017.415.14
Dividend per share (₹)1.000.750.000.000.000.000.00
Book value per share (₹)473.67466.76265.91163.9677.6264.9356.79

To see the full year-wise statements and ratios of Sunflag Iron and Steel Co Ltd, buy the company report.

Board of directors of Sunflag Iron and Steel Co Ltd

Sunflag Iron and Steel Co has 8 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Pranav Ravi Bhardwaj
Also directs: Ramesh Sunwire Private Limited, Supra Corporation Limited, Sunflag Power Limited and 3 more
Managing Director03 Feb 200026 Years 9 MonthsCurrent
Suhrit Ravi Bhushan Bhardwaj
Also directs: Supra Corporation Limited
Director27 Mar 20179 Years 7 MonthsCurrent
Ravi Bhushan Satya Dev Bhardwaj
Also directs: Supra Corporation Limited, Sunflag Power Limited, Haryana Television Limited
Director01 Oct 199828 Years 1 MonthsCurrent
Ramchandra Vasant Dalvi
Also directs: Ramesh Sunwire Private Limited, Sunflag Foundation
Whole-Time Director14 Aug 20179 Years 2 MonthsCurrent
Vinita Bahri
Also directs: Ibridgegaap Consultancy LLP, Facor Alloys Limited, Facor Alloys Limited
Director13 Mar 20206 Years 7 MonthsCurrent
Mattegunta Goutham Anjani VenkatramanaDirector12 Aug 20224 Years 2 MonthsCurrent
Showing 6 of 8 current directors. View all directors

Auditor

Sunflag Iron and Steel Co Ltd is audited by NSBP & Co. for the financial year 2025.

Auditor firmFinancial yearFirm registration number
NSBP & Co.FY 2025001075N

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 51.20%, foreign institutional investors hold 0.90%, domestic institutional investors hold 0.20% and retail and other public shareholders hold 47.80%.

Promoters: 51.20%DII (Domestic Institutional): 0.20%FII (Foreign Institutional): 0.90%Retail & Others: 47.80%
Sep 2026
QUARTER
51.20% Promoters
0.20% DII (Domestic Institutional)
0.90% FII (Foreign Institutional)
47.80% Retail & Others
Promoter holding - history
Now 51.20% · Sep 2026High 51.20% · Dec 2025Low 51.20% · Dec 2025
50%50.8%51.5%52.3%53%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 51.20%Mar 2026: 51.20%Jun 2026: 51.20%Sep 2026: 51.20%51.20%51.20%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters51.20%51.20%51.20%51.20%
Public48.80%48.80%48.80%48.80%

Charges & borrowings

Open charges
₹2,150.55 Cr
Satisfied charges
₹1,997.05 Cr
Breakdown by lending institutions
Sbicap Trustee Company Limited₹1,205.58 Cr
Indian Bank₹300.00 Cr
Axis Bank Limited₹257.50 Cr
State Bank of India₹250.00 Cr
Others₹125.00 Cr
Others₹12.47 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
22 Apr 2025101094337Axis Bank Limited₹162.5 CrOpen
22 Nov 2022100645205Indian Bank₹300 CrOpen
31 Mar 2022100563187Others₹55 CrOpen
09 Mar 2022100554101Axis Bank Limited₹95 CrOpen
15 Jul 2021100465830Others₹70 CrOpen

To see the full charge records of Sunflag Iron and Steel Co Ltd, buy the company report.

Total charge records: 81 View all charges

Deals & funding

Sunflag Iron and Steel Co Ltd has 44 deals on record (42 market trades, 2 acquisitions); the latest was in May 2026.

Total deals
44
Market trades
42
Acquisitions
2

Deals on record (5 of 44)

WhenDealAmountParties
Jul 2024Market trade₹32.52 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP
Dec 2023Market trade₹28.56 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP
Jul 2021Market trade₹9.05 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP
Sep 2011AcquisitionUndisclosedBuyer: NMDC Limited
Seller: Sunflag Iron and Steel Co Ltd
Jun 2009Market trade₹6.68 CrBuyer: JMP Securities Private Limited

To see the full deal history of Sunflag Iron and Steel Co Ltd, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Sunflag Iron and Steel Co Ltd was last rated by Care on 03 Jan 2022.

Rating agencyRated onRating
Care03 Jan 2022

To see the full credit ratings and regulatory alerts of Sunflag Iron and Steel Co Ltd, buy the company report.

MSME payment delays

Sunflag Iron and Steel Co Ltd has 34 MSME Form 1 returns on record between 2012 and 2024, listing 142 overdue payments to 38 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 38)

SupplierAmount dueDue sinceReported on
Samir Trading Corporation
Assomac Machines Limited.
Electronic and Engineering Company (India) Private Limited
Fine Manufacturing Industries
an individual supplier

To see the full MSME payment records of Sunflag Iron and Steel Co Ltd, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Sunflag Iron and Steel Co has 3 subsidiary companies and 4 joint ventures. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

3
Subsidiary companies
4
Joint ventures
Key subsidiaries
Company NameCINShares held
Khappa Coal Company Private LimitedU10100MH2009PTC191907
Sunflag Power LimitedU31200UR2003PLC027802
Sunflag FoundationU74999MH2017NPL289961

To see the full group structure of Sunflag Iron and Steel Co Ltd, buy the company report.

Employees & EPFO

Sunflag Iron and Steel Co Ltd has a workforce of 1,090 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.

Employee count
1,090
Active EPFO establishments
1
Employee growth
5.83%

GST

Sunflag Iron and Steel Co has 15 GST registrations: 4 active and 11 cancelled or inactive.

Total GSTINs
15
Active
4
Cancelled / inactive
11
GSTINStateStatusRegistered on
27AACCS3376C1ZHMaharashtraActive01 Jul 2017
06AACCS3376C1ZLHaryanaActive01 Jul 2017
33AACCS3376C1ZOTamil NaduActive01 Jul 2017
07AACCS3376C3ZHDelhiActive21 Jul 2017

To see the full GST registrations and return filing status of Sunflag Iron and Steel Co Ltd, buy the company report.

Recent activity

Sunflag Iron and Steel Co Ltd has 53 board changes on record since 1984: 31 appointments and 22 cessations. The latest: Mukund Prabhakar Chaudhari was appointed as Director on 11 Aug 2026.

AGM
Sunflag Iron And Steel Co Ltd last Annual general meeting of members was held on 25 Sep 2026 as per latest MCA records.
Charges
A charge registered on 04 Oct 2025 via Charge ID 101173557 with The South Indian Bank Limited was fully satisfied on 11 Aug 2026.
Appointed
Mukund Prabhakar Chaudhari was appointed as Director.
Charges
A charge with Axis Bank Limited of Rs. 162.50 Cr registered on 22 Apr 2025 with Charge ID 101094337 was modified on 08 Jun 2026.
Charges
A charge registered on 16 Feb 2024 via Charge ID 100867973 with Indian Bank was fully satisfied on 03 Jun 2026.
Filing
Sunflag Iron And Steel Co Ltd has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Nagpur.
Charges
A charge registered on 28 Feb 2023 via Charge ID 100690943 with Tata Capital Financial Services Limited was fully satisfied on 17 Feb 2026.
Charges
A charge with Indian Bank of Rs. 100.00 Cr registered on 16 Feb 2024 with Charge ID 100867973 was modified on 11 Feb 2026.
Charges
A charge with Indian Bank of Rs. 300.00 Cr registered on 22 Nov 2022 with Charge ID 100645205 was modified on 11 Feb 2026.
Charges
A charge with The South Indian Bank Limited amounted to Rs. 125.00 Cr with Charge ID 101173557 was registered on 04 Oct 2025.
Ceased
Neelam Naresh Kothari ceased to be Director.
Ceased
Sajiv Dhawan ceased to be Director.

242 earlier events are in the company report.

News

AMNS India to get exemption for met coke import
14 Apr 2025 · Thehindubusinessline

Frequently asked questions

Sunflag Iron and Steel Co is an active public limited company based in Nagpur, Maharashtra, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 12 September 1984 (42+ years old) and is registered under CIN L27100MH1984PLC034003. Listed on BSE: 500404 and NSE: SUNFLAG.

Sunflag Iron and Steel Co reported revenue of ₹4,052.6 Cr for FY 2025-26 (up 10.9% YoY) based on consolidated financials.

Sunflag Iron and Steel Co has 8 current directors:

The latest financial statements of Sunflag Iron and Steel Co on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 25 September 2026. Year-wise statements from 2015 are in the company report.

The GSTIN of Sunflag Iron and Steel Co is 27AACCS3376C1ZH, registered in Maharashtra. The company has 15 GST registrations in all, of which 4 are active and 11 are cancelled or inactive. Other active GSTINs include 06AACCS3376C1ZL (Haryana), 33AACCS3376C1ZO (Tamil Nadu), 07AACCS3376C3ZH (Delhi).

The CIN (Corporate Identification Number) of Sunflag Iron and Steel Co is L27100MH1984PLC034003. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Sunflag Iron and Steel Co is a listed company as per MCA records. Its shares are listed on both BSE (code: 500404) and NSE (symbol: SUNFLAG).

Sunflag Iron and Steel Co has 234 court cases on record: 115 filed by the company and 119 filed against it. 38 are pending. Most are in the high courts.

Sunflag Iron and Steel Co was incorporated on 12 September 1984, making it 42+ years old. It is registered with the Registrar of Companies, Nagpur.

Sunflag Iron and Steel Co has 44 deals on record (42 market trades, 2 acquisitions); the latest was in May 2026.

Mukund Prabhakar Chaudhari was appointed as Director on 11 Aug 2026. Neelam Naresh Kothari ceased to be Director on 20 Sep 2025. Sajiv Dhawan ceased to be Director on 10 Aug 2025. Sunflag Iron and Steel Co has 53 board changes on record in total.