MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2023-24)
- Udyam number
- UDYAM-JK-19-0006339
Narbada Steels Limited - metals and minerals in Jammu, Jammu And Kashmir, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹184.92 Cr
▼ 6% YoY
Net loss · FY 2024
₹2.93 Cr
Net margin -1.6%
EBITDA · FY 2024
₹16.17 Lakh
EBITDA margin 0.1%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Open charges
₹21.71 Cr
Satisfied ₹71.77 Cr
Company age
41 yrs
Est. 1985
Employees · EPFO
56
Provident fund records
About Narbada Steels Limited
Data last updated:
Narbada Steels Limited is a public limited company based in Jammu, Jammu And Kashmir, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 06 June 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Jammu, under CIN U27106JK1985PLC000783. Its GSTIN is 01AAACN5769L1ZA (Jammu and Kashmir). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹50 Lakh. It is led by directors including Rahul Bansal (Managing Director) and Sanjay Aggarwal.
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 SIDCO Industrial Complex Bari Brahmana Jammu. Jammu, Jammu and Kashmir, India – 181133.
As per the financials filed for FY 2024, the company reported a revenue of ₹184.92 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net loss of ₹2.93 Cr (net margin -1.6%) and EBITDA of ₹16.17 Lakh (EBITDA margin 0.1%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 7% over five years.
The company has about 56 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹21.71 Cr and satisfied charges of ₹71.77 Cr on record. Court records list 19 cases involving the company, including 6 filed by the company and 13 filed against it.
Narbada Steels Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-JK-19-0006339). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website narbadasteel.com.
Company Details of Narbada Steels Limited
CIN U27106JK1985PLC000783
Registration Number 000783
Incorporation Date 06 June 1985
ROC Jammu
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-JK-19-0006339
CIN History of Narbada Steels Limited
Narbada Steels has one previous CIN (Corporate Identification Number): L27106JK1985PLC000783. The current CIN is U27106JK1985PLC000783, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27106JK1985PLC000783 | Current |
| L27106JK1985PLC000783 | Previous |
Recognitions & Rankings of Narbada Steels
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressSIDCO Industrial Complex Bari Brahmana Jammu. Jammu, Jammu and Kashmir, India – 181133
- IndustryMetals and Minerals, Steel Manufacturing & Processing
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Business Activity of Narbada Steels Limited
The main business activity of Narbada Steels 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 |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Narbada Steels Limited FY 2024 filings available
Narbada Steels Limited reported revenue of ₹184.92 Cr (down 6% YoY) for FY 2024.
Revenue · FY 2024
₹184.92 Cr ▼ 6%
Net loss · FY 2024
₹2.93 Cr margin -1.6%
EBITDA · FY 2024
₹16.17 Lakh margin 0.1%
Compounded Annual Growth Rate (CAGR) of Narbada Steels Limited
Revenue CAGR growth
1 year
▼ 6%
3 years · compounded
▲ 24%
5 years · compounded
▲ 7%
EBITDA CAGR growth
1 year
▼ 95%
3 years · compounded
▼ 73%
5 years · compounded
▼ 53%
Revenue fell 6% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA fell 95% 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 of Narbada Steels Limited
| 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 | ₹16.17 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹2.93 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 of Narbada Steels Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -1.6% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Narbada Steels are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Narbada Steels Limited
Narbada Steels has 6 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rahul Bansal | Managing Director | 01 Apr 2001 | 25 Years 6 Months | Current |
| Sanjay Aggarwal Also directs: Four A Hotels and Resorts Private Limited | Director | 29 Sep 2018 | 8 Years 0 Months | Current |
| Surbhi Sethi | Director | 30 Nov 2019 | 6 Years 10 Months | Current |
| Romesh Kumar Badial | Director | 12 Feb 2011 | 15 Years 8 Months | Current |
| Sanya Bansal Also directs: Two A Luxury Retreats LLP, Triaksh Education Private Limited | Director | 12 Feb 2014 | 12 Years 8 Months | Current |
| Iqbal Kalra | Director | 07 Aug 2025 | 1 Years 2 Months | Current |
Peer Comparison of Narbada Steels Limited
Narbada Steels 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 |
|---|---|---|---|---|---|---|
| Shree Balaji Steel Enterprises Private Limited | ₹186.06 Cr (FY 2025) | •••• | •••• | -29.0% | •••• | Jeedimetla, Telangana, India |
| Mod Forge Private Limited | ₹185.99 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Chennai, Tamil Nadu, India |
| C P Ispat (Unit 2) Private Limited | ₹185.91 Cr (FY 2025) | •••• | •••• | -26.0% | •••• | Kolkata, West Bengal, India |
| Tunics Sponge Private Limited | ₹185.84 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Hyderabad, Telangana, India |
| Gee Aar Power Steel India Private Limited | ₹185.52 Cr (FY 2025) | •••• | •••• | 86.0% | •••• | New Delhi, Delhi, India |
| Narbada Steels Limited this company | ₹184.92 Cr (FY 2024) | •••• | •••• | -6.0% | •••• | Jammu, Jammu And Kashmir, India |
| Saini Alloys Limited | ₹184.9 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | New Delhi, Delhi, India |
| Mini Iron and Steel Private Limited | ₹184.4 Cr (FY 2025) | •••• | •••• | -8.0% | •••• | Nagpur, Maharashtra, India |
| Nalwa Special Steel Limited | ₹183.29 Cr (FY 2025) | •••• | •••• | 12775.0% | •••• | New Delhi, Delhi, India |
| A.R.Alloys Private Limited | ₹183.18 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Delhi, India |
| Ranka Steel Re-Rolling Mills Pvt. Ltd | ₹182.86 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Jaipur, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Narbada Steels 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.
Auditor Details of Narbada Steels Limited
Narbada Steels Limited is audited by ARORA VOHRA & CO. for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| ARORA VOHRA & CO. | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Narbada Steels Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Narbada Steels Limited
Open charges
₹21.71 Cr
Satisfied charges
₹71.77 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Dec 2023 | Hdfc Bank Limited | ₹20.66 Cr | Open |
| 10 May 2022 | Hdfc Bank Limited | ₹90 Lakh | Open |
| 13 Dec 1986 | Jammu and Kashmir State Financial Corporation Ltd | ₹14.94 Lakh | Open |
| 28 Feb 2018 | Hdfc Bank Limited | ₹65 Lakh | Satisfied |
| 16 Jul 2014 | Hdfc Bank Limited | ₹60 Lakh | Satisfied |
Total charge records: 16 View all charges
Legal Cases of Narbada Steels Limited
Narbada Steels Limited has 19 court cases on record: 6 filed by Narbada Steels, 13 filed against it. All cases are disposed. Status as checked between 28 Sep 2026 and 03 Oct 2026.
Total cases
19
Filed by the company
6
Filed against the company
13
Disposed
19
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 18 | 12 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Jammu and Kashmir and Ladakh | Tax appeal | Filed against the company by Commissioner of Central GST and Central Excise J and K Jammu | Disposed |
| High Court of Jammu and Kashmir and Ladakh | Tax appeal | Filed against the company by Commissioner of CGST and Central Excise J and K Jammu | Disposed |
| High Court of Jammu and Kashmir and Ladakh | Writ petition | Filed by the company against Union of India Th Secretary Deptt of Revenue Ministry of Finance | Disposed |
| High Court of Jammu and Kashmir and Ladakh | Writ petition | Filed by the company against State Th.Labour and Employmet Deptt | Disposed |
| High Court of Jammu and Kashmir and Ladakh | Court case (OWP) | Filed by the company against State Th.Secy.Finance Deptt | Disposed |
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Full case history
All 19 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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.
Employees and EPFO Compliance at Narbada Steels Limited
Narbada Steels Limited has a workforce of 56 employees as of Apr 10, 2024.
Employee count
56
Active EPFO establishments
1
Employee growth
-8.2%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Group Structure of Narbada Steels Limited
Narbada Steels has 1 subsidiary company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key Subsidiaries
| Company Name | CIN | Shares Held |
|---|---|---|
| Jammu Paper Private Limited | U21099JK1985PTC000785 | Locked |
Showing major subsidiaries. Total: 1.
Recent Activity on Narbada Steels Limited
Narbada Steels Limited has 16 board changes on record since 2001: 6 appointments and 10 cessations. The latest: Iqbal Kalra was appointed as Director on 07 Aug 2025.
Appointed
Iqbal Kalra was appointed as Director.
Charges
A charge registered on 26 Jul 2012 via Charge ID 10376413 with Hdfc Bank Limited was fully satisfied on 11 Feb 2025.
AGM
Narbada Steels Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Narbada Steels Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Jammu.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 20.66 Cr with Charge ID 100848107 was registered on 26 Dec 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.90 Cr with Charge ID 100593371 was registered on 10 May 2022.
Charges
A charge registered on 28 Feb 2018 via Charge ID 100164424 with Hdfc Bank Limited was fully satisfied on 08 Mar 2022.
Charges
A charge with Hdfc Bank Limited of Rs. 22.88 Cr registered on 26 Jul 2012 with Charge ID 10376413 was modified on 13 Sep 2021.
Ceased
Rajinder Kumar Khajuria ceased to be Director.
Ceased
Raghav Aggarwal ceased to be Director.
Charges
A charge registered on 16 Jul 2014 via Charge ID 10514064 with Hdfc Bank Limited was fully satisfied on 04 Feb 2020.
Appointed
Surbhi Sethi was appointed as Director.
43 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Narbada Steels Limited
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Credit ratings, litigation, and regulatory alerts
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MSME Payment Delays by Narbada Steels Limited
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MSME payment history
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Subsidiaries & Group Companies of Narbada Steels Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Narbada Steels Limited
Narbada Steels has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 01AAACN5769L1ZA | Jammu and Kashmir | Active | 08 Jul 2017 |
| 01AAACN5769L1DJ | Jammu and Kashmir | Active | 04 Nov 2024 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Narbada Steels Limited
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MCA filings and documents
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Frequently Asked Questions about Narbada Steels Limited
Narbada Steels is an active public limited company based in Jammu, Jammu And Kashmir, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 06 June 1985 (41+ years old) and is registered under CIN U27106JK1985PLC000783.
Narbada Steels reported revenue of ₹184.92 Cr for FY 2024 (down 6% YoY).
Narbada Steels has 6 current directors:
- Rahul Bansal - Managing Director
- Sanjay Aggarwal - Director
- Surbhi Sethi - Director
- Romesh Kumar Badial - Director
- Sanya Bansal - Director
- Iqbal Kalra - Director
Narbada Steels reported a net loss of ₹2.93 Cr (net margin -1.6%) and EBITDA of ₹16.17 Lakh (EBITDA margin 0.1%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Narbada Steels is 24% over three years and 7% over five years. In the latest year (FY 2024) revenue fell 6%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Narbada Steels is 01AAACN5769L1ZA, registered in Jammu and Kashmir. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 01AAACN5769L1DJ (Jammu and Kashmir).
The CIN (Corporate Identification Number) of Narbada Steels is U27106JK1985PLC000783. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Narbada Steels has 19 court cases on record: 6 filed by the company and 13 filed against it. Most are in the high courts.
Narbada Steels was incorporated on 06 June 1985, making it 41+ years old. It is registered with the Registrar of Companies, Jammu.
The peers of Narbada Steels by revenue are Shree Balaji Steel Enterprises Private Limited, Mod Forge Private Limited, C P Ispat (Unit 2) Private Limited, Tunics Sponge Private Limited, Gee Aar Power Steel India Private Limited and 5 more, all in the Metals and Minerals industry (Steel).
Iqbal Kalra was appointed as Director on 07 Aug 2025. Rajinder Kumar Khajuria ceased to be Director on 31 Jul 2020. Raghav Aggarwal ceased to be Director on 12 Feb 2020. Narbada Steels has 16 board changes on record in total.