MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-KL-02-0033102
Stable Magnet Wire Private Limited - manufacturing in Kakkanad, Kerala, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹11.03 Cr
▼ 2% YoY
Net loss · FY 2024
₹3.27 Cr
Net margin -29.7%
EBITDA · FY 2024
-₹3.33 Cr
EBITDA margin -30.2%
Authorised capital
₹53 Cr
Registered with MCA
Paid-up capital
₹49.36 Cr
Issued & subscribed
Company age
19 yrs
Est. 2007
Employees · EPFO
18
Provident fund records
Directors on board
4
As per MCA filings
About Stable Magnet Wire Private Limited
Data last updated:
Stable Magnet Wire Private Limited is a private limited company based in Kakkanad, Kerala, India. It operates in the cable and wire segment of the manufacturing sector. It was incorporated on 29 March 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U31300KL2007PTC020570. Its GSTIN is 32AAKCS7060H1ZB (Kerala).
The company has an authorised share capital of ₹53 Cr and a paid-up capital of ₹49.36 Cr. It is led by directors including Francis Xavier (Whole-Time Director) and Roy Kochuveettil Jacob.
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 Plot No.4 Cochin Special Economic Zone, Kakkanad, Kerala, India – 682037.
As per the financials filed for FY 2024, the company reported a revenue of ₹11.03 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net loss of ₹3.27 Cr (net margin -29.7%) and EBITDA of -₹3.33 Cr (EBITDA margin -30.2%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 4% over five years.
The company has about 18 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
Court records list 10 cases involving the company, including 5 filed by the company and 5 filed against it.
Stable Magnet Wire Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-KL-02-0033102). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website stablemagnet.com.
Company details
CIN U31300KL2007PTC020570
Registration Number 020570
Incorporation Date 29 March 2007
ROC Ernakulam
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 MSME
Udyam Registration UDYAM-KL-02-0033102
Key People
Francis Xavier Whole-Time Director Roy Kochuveettil Jacob Director Joseph Markos Director Recognitions & Rankings of Stable Magnet Wire
Contact details
Stable Magnet Wire Private Limited's registered office is in Kakkanad, Kerala. Its website is stablemagnet.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No.4 Cochin Special Economic Zone, Kakkanad, Kerala, India – 682037
- IndustryManufacturing, Cable & Wire
To see the full contact details of Stable Magnet Wire Private Limited, buy the company report.
Comprehensive company report
Stable Magnet Wire Private Limited - 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
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Business activity
The main business activity of Stable Magnet Wire 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 Stable Magnet Wire Private Limited, buy the company report.
Financials of Stable Magnet Wire Private Limited
FY 2024 filings availableStable Magnet Wire Private Limited reported revenue of ₹11.03 Cr (down 2% YoY) for FY 2024.
Revenue · FY 2024
₹11.03 Cr ▼ 2%
Net loss · FY 2024
₹3.27 Cr margin -29.7%
EBITDA · FY 2024
-₹3.33 Cr margin -30.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 2%
3 years · compounded
▲ 10%
5 years · compounded
▲ 4%
EBITDA CAGR growth
1 year
▲ 24%
3 years · compounded
▼ 28%
5 years · compounded
▼ 30%
Revenue fell 2% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA rose 24% 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 |
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| EBITDA | -₹3.33 Cr | ||||
| Profit Before Tax | |||||
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| Net Profit (PAT) | -₹3.27 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -30.2% | ||||
| Net Profit Margin | -29.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Stable Magnet Wire Private Limited, buy the company report.
Board of directors of Stable Magnet Wire Private Limited
Stable Magnet Wire has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Francis Xavier Also directs: Fine Wires Pvt Ltd | Whole-Time Director | 19 Jan 2009 | 17 Years 9 Months | Current |
| Roy Kochuveettil Jacob Also directs: Fine Wires Pvt Ltd, Porosome Therapeutics India Private Limited | Director | 29 Mar 2007 | 19 Years 6 Months | Current |
| Joseph Markos | Director | 29 Mar 2007 | 19 Years 6 Months | Current |
| Gianfranco Sepriano Also directs: Fine Wires Pvt Ltd | Director | 29 Aug 2007 | 19 Years 1 Months | Current |
Auditor
Stable Magnet Wire Private Limited is audited by KURUVILLA & JOSE,Chartered Accountants for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KURUVILLA & JOSE,Chartered Accountants | FY 2023 | 001628S |
Shareholding
The shareholding of Stable Magnet Wire Private Limited 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 Stable Magnet Wire Private Limited, buy the company report.
Legal cases
Stable Magnet Wire Private Limited has 10 court cases on record: 5 filed by Stable Magnet Wire, 5 filed against it. All cases are disposed.
Total cases
10
Filed by the company
5
Filed against the company
5
Disposed
10
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 4 | 0 |
| District courts | 3 | 1 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed by the company against M/S. Elmag Wires Ltd . | Disposed |
| District court, Ernakulam, Kerala | Civil suit | Filed against the company by Ms.Elmag Wires Limited and 6 others | Disposed |
| High Court | Court case (AR) | Filed by the company against M/S.Elmag Wires Ltd., Ii/837, Chemical and 5 others | Disposed |
| High Court | Arbitration matter | Filed against the company by M/S.Elmag Wires Limited and 5 others | Disposed |
| District court, Ernakulam, Kerala | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Stable Magnet Wire Private 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
No delayed payments to MSME suppliers are on our record for Stable Magnet Wire Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Stable Magnet Wire has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Fine Wires Private Limtied | U31300KL1994PTC007854 |
To see the full group structure of Stable Magnet Wire Private Limited, buy the company report.
Employees & EPFO
Stable Magnet Wire Private Limited has a workforce of 18 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
18
Active EPFO establishments
1
Employee growth
-5.26%
GST
Stable Magnet Wire has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAKCS7060H1ZB | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Stable Magnet Wire Private Limited, buy the company report.
Recent activity
Stable Magnet Wire Private Limited has 6 board changes on record since 2007: 4 appointments and 2 cessations. The latest: Francis Xavier was appointed as Whole-Time Director on 19 Jan 2009.
AGM
Stable Magnet Wire Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Stable Magnet Wire Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ernakulam.
Appointed
Francis Xavier was appointed as Whole-Time Director.
Ceased
Jose Thomas Kizhekkethottam ceased to be Director.
Appointed
Gianfranco Sepriano was appointed as Director.
Ceased
Vinod Kumar Krishnankutty Santha ceased to be Director.
Appointed
Joseph Markos was appointed as Director.
Appointed
Roy Kochuveettil Jacob was appointed as Director.
Incorporation
29 Mar 2007
Stable Magnet Wire Private Limited was registered on 29 Mar 2007 with Roc Ernakulam & aged 19 years 7 months as per MCA records.
Frequently asked questions
Stable Magnet Wire is an active private limited company based in Kakkanad, Kerala, India. The company works in cable and wire, within the manufacturing industry. It was incorporated on 29 March 2007 (19+ years old) and is registered under CIN U31300KL2007PTC020570.
Stable Magnet Wire has 4 current directors:
- Francis Xavier - Whole-Time Director
- Roy Kochuveettil Jacob - Director
- Joseph Markos - Director
- Gianfranco Sepriano - Director
The latest financial statements of Stable Magnet Wire 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 Stable Magnet Wire is 32AAKCS7060H1ZB, registered in Kerala.
The CIN (Corporate Identification Number) of Stable Magnet Wire is U31300KL2007PTC020570. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Stable Magnet Wire has 10 court cases on record: 5 filed by the company and 5 filed against it. Most are in the high courts.
Stable Magnet Wire was incorporated on 29 March 2007, making it 19+ years old. It is registered with the Registrar of Companies, Ernakulam.
Francis Xavier was appointed as Whole-Time Director on 19 Jan 2009. Jose Thomas Kizhekkethottam ceased to be Director on 04 Jun 2008. Gianfranco Sepriano was appointed as Director on 29 Aug 2007. Stable Magnet Wire has 6 board changes on record in total.
Yes, Stable Magnet Wire is registered as an MSME under Udyam registration (number: UDYAM-KL-02-0033102).
Stable Magnet Wire can be reached through the website stablemagnet.com. Its registered office is in Kakkanad, Kerala, India.