National General Industries Limited - metals and minerals in New Delhi, Delhi, India. FY 2026 financials & compliance.
CIN L74899DL1987PLC026617 Incorporated 08 January 1987 ROC Delhi HQ New Delhi, Delhi, India
Active Listed - BSE: 531651 Public Limited Company metals and minerals
Market Cap
₹26.45 Cr
NATGENI · BSE
Share Price
₹59.00
0.00% today
Revenue
₹8.95 Cr
FY 2025-26 · -13.5% YoY
EBITDA
−₹2.00 Cr
Margin -22.4%
Net Profit
−₹0.48 Cr
FY 2025-26 · -157.8% YoY
P/E (TTM)
118.1x
P/B 0.7x
ROE
-1.7%
ROCE -1.3%
Debt / Equity
0.02
Interest cover -3.0x

About National General Industries Limited

Data last updated:

National General Industries Limited is a public limited company based in New Delhi, Delhi, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 08 January 1987 and has been in existence for over 39 years.

The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L74899DL1987PLC026617. The company has 3 GST registrations on record, none of which is active. It is a listed company as per MCA records. Its shares are listed on BSE: 531651.

The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹4.74 Cr. It is led by directors including Pawan Kumar Modi (Managing Director) and Anirudh Vimalkumar Goenka.

Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 1st Floor Surya Plaza, K – 185/1 Sarai Julena New Friends Colony, New Delhi, Delhi, India – 110025.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹8.95 Cr, a decline of 13.5% compared to the previous year. For the same year it recorded a net loss of ₹48 Lakh (net margin -5.4%) and EBITDA of -₹2 Cr (EBITDA margin -22.3%). The net worth stands at ₹36.66 Cr (up 1% YoY). Total assets are valued at ₹37.86 Cr (up 2.8% YoY).

The company is associated with 1 brand: Modi Steel. As per MCA filings, the company has open charges of ₹1.5 Cr and satisfied charges of ₹9.9 Cr on record. Court records list 11 cases involving the company, including 8 filed by the company and 3 filed against it.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website modisteel.com.

Company details

CIN L74899DL1987PLC026617
Registration Number 026617
Incorporation Date 08 January 1987
ROC Delhi
Listing Status Listed - Listed on BSE (531651)
Company Status Active
Compliance Status Active Compliant

Contact details

National General Industries Limited's registered office is in New Delhi, Delhi. Its website is modisteel.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    1st Floor Surya Plaza, K – 185/1 Sarai Julena New Friends Colony, New Delhi, Delhi, India – 110025
  • Industry
    Metals and Minerals, Steel Manufacturing & Processing

To see the full contact details of National General Industries Limited, buy the company report.

Comprehensive company report
National General Industries 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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Secure checkout · GST invoice included

Brands

National General Industries operates one associated brand: Modi Steel. Each brand links to its own profile.

BrandDescriptionWebsite
Steel flats, rounds, and squares are manufactured for engineering applications.modisteel.com

Business activity

The main business activity of National General Industries is manufacturing. In detail, this covers metal and metal products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC7Metal and metal products

To see the full business activity and turnover split of National General Industries Limited, buy the company report.

Financials of National General Industries Limited

FY 2025-26 filings available

National General Industries Limited reported revenue of ₹8.95 Cr (down 13.5% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹8.95 Cr
-13.5% YoY
EBITDA
−₹2.00 Cr
-5100.0% YoY
Profit After Tax
−₹0.48 Cr
-157.8% YoY
Net Worth
₹36.66 Cr
+1.0% YoY
Total Assets
₹37.86 Cr
+2.8% YoY
Total Debt
₹1.08 Cr
+151.2% 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
Revenue8.9510.3512.8113.4418.2618.5819.60
Revenue growth-13.5%-19.2%-4.7%-26.4%-1.7%-5.2%-
EBITDA(2.00)0.04(0.45)(0.45)(0.41)(0.68)(0.54)
EBITDA margin-22.4%+0.4%-3.5%-3.4%-2.3%-3.7%-2.8%
Profit before tax(0.44)1.203.200.200.145.68(0.94)
Net profit(0.48)0.831.040.12(0.38)(0.87)(1.05)
Net profit margin-5.4%+8.0%+8.1%+0.9%-2.1%-4.7%-5.4%
EPS (₹)(0.93)1.996.420.480.2212.43(1.91)
Balance sheet
Total assets37.8636.8436.0531.6031.8731.0524.20
Net worth36.6636.2834.5429.9029.4528.7422.33
Total debt1.080.431.411.602.332.191.77
Cash & bank0.110.060.060.030.150.280.03
Net working capital1.461.962.103.673.993.963.50
Cash flow
Cash from operations(1.31)(0.28)1.511.070.29(0.73)0.61
Cash from investing0.761.29(1.15)(0.34)(0.42)0.71(0.14)
Cash from financing0.59(1.00)(0.33)(0.86)0.020.27(0.47)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue2.063.212.502.732.111.622.762.63
Revenue growth (YoY)-2.4%+98.2%-9.4%+3.8%-1.4%-42.4%--
Other income0.851.660.620.590.430.350.530.36
Total expenses2.653.993.193.042.582.142.772.52
EBITDA(0.59)(0.78)(0.69)(0.31)(0.47)(0.52)(0.01)0.11
EBITDA margin-28.6%-24.3%-27.6%-11.4%-22.3%-32.1%-0.4%+4.2%
Depreciation0.100.100.100.100.090.090.100.10
Interest0.030.030.020.020.010.010.020.02
Profit before tax0.130.75(0.19)0.16(0.14)(0.27)0.400.35
Tax(0.06)0.03(0.02)0.020.07(0.02)0.090.14

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 15 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue2.063.212.502.732.111.622.762.63
Revenue growth (YoY)-2.4%+98.2%-9.4%+3.8%-1.4%-42.4%--
Other income0.851.660.620.590.430.350.530.36
Total expenses2.653.993.193.042.582.142.772.52
EBITDA(0.59)(0.78)(0.69)(0.31)(0.47)(0.52)(0.01)0.11
EBITDA margin-28.6%-24.3%-27.6%-11.4%-22.3%-32.1%-0.4%+4.2%
Depreciation0.100.100.100.100.090.090.100.10
Interest0.030.030.020.020.010.010.020.02
Profit before tax0.130.75(0.19)0.16(0.14)(0.27)0.400.35
Tax(0.06)0.03(0.02)0.020.07(0.02)0.090.14
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue8.9510.3512.8113.4418.2618.5819.60
Revenue growth-13.5%-19.2%-4.7%-26.4%-1.7%-5.2%-
Other income2.001.634.121.111.106.930.36
Total expenses10.9510.3113.2613.8918.6719.2620.14
Employee cost0.002.021.841.671.531.121.52
EBITDA(2.00)0.04(0.45)(0.45)(0.41)(0.68)(0.54)
EBITDA margin-22.4%+0.4%-3.5%-3.4%-2.3%-3.7%-2.8%
Depreciation0.380.390.330.320.410.420.50
Interest0.060.080.140.140.140.150.26
Profit before tax(0.44)1.203.200.200.145.68(0.94)
Tax0.040.270.200.000.05(0.13)(0.03)
Net profit(0.48)0.831.040.12(0.38)(0.87)(1.05)
Net profit margin-5.4%+8.0%+8.1%+0.9%-2.1%-4.7%-5.4%
EPS (₹)(0.93)1.996.420.480.2212.43(1.91)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital4.744.744.684.684.674.674.67
Reserves & surplus31.9231.5429.8625.2224.7824.0717.66
Shareholders' funds (net worth)36.6636.2834.5429.9029.4528.7422.33
Secured loans0.830.091.001.502.172.191.77
Unsecured loans0.250.340.410.100.160.000.00
Total debt1.080.431.411.602.332.191.77
Total liabilities37.8636.8436.0531.6031.8731.0524.20
Assets
Gross block8.838.6910.239.8510.059.8616.62
Net block3.283.533.833.603.823.8212.12
Capital work in progress0.000.050.000.000.000.000.00
Investments23.4121.7220.3510.6910.6310.228.97
Inventories1.100.860.921.602.632.712.39
Sundry debtors0.571.161.251.290.881.271.72
Cash & bank balances0.110.060.060.030.150.280.03
Loans & advances0.521.070.641.611.381.170.74
Total current assets2.303.152.874.535.045.434.88
Total current liabilities0.841.190.770.861.051.471.38
Net working capital1.461.962.103.673.993.963.50
Total assets37.8636.8436.0531.6031.8731.0524.20
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.060.060.030.150.280.030.02
Net cash from operating activities(1.31)(0.28)1.511.070.29(0.73)0.61
Net cash from investing activities0.761.29(1.15)(0.34)(0.42)0.71(0.14)
Net cash from financing activities0.59(1.00)(0.33)(0.86)0.020.27(0.47)
Net change in cash0.050.000.03(0.13)(0.11)0.250.01
Closing cash0.110.060.060.030.150.280.03
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-13.5%-19.2%-4.7%-26.4%-1.7%-5.2%-
EBITDA growth-5100.0%+108.9%0.0%-9.8%+39.7%-25.9%-
PBT growth--62.5%+1500.0%+42.9%-97.5%+9998.0%-
Net income growth-157.8%-20.2%+766.7%+131.6%+56.3%+17.1%-
Revenue CAGR (3Y)-12.7%-17.2%-11.7%-11.8%+1.1%+1.4%+7.5%
EBITDA CAGR (3Y)+64.1%--12.9%-5.9%---
Profitability & leverage
Net income margin-5.4%+9.0%+23.4%+1.5%+0.5%+31.3%-4.6%
Return on capital employed-1.3%+3.2%+3.7%+0.9%-0.7%-3.1%-3.2%
Return on net worth-1.7%+2.2%+3.2%+0.5%-1.3%-3.5%-4.5%
Debt / equity0.020.030.050.070.080.080.08
Long-term debt / equity0.010.010.010.000.000.000.00
Interest cover-2.95-22.86-17.95-18.18-17.07-13.64-25.00
Efficiency & per share
Fixed asset turnover1.031.101.291.361.851.421.17
Inventory turnover9.1311.6310.176.356.847.296.64
Debtors turnover10.358.5910.0912.3916.9912.4312.41
EPS (₹)(1.01)1.996.420.480.2212.43(1.91)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)77.1476.3373.6763.7462.8661.3347.57

To see the full year-wise statements and ratios of National General Industries Limited, buy the company report.

Board of directors of National General Industries Limited

National General Industries has 6 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Pawan Kumar ModiManaging Director04 Feb 200026 Years 9 MonthsCurrent
Anirudh Vimalkumar GoenkaDirector30 Mar 20197 Years 7 MonthsCurrent
Anantshri GuptaDirector30 Mar 20197 Years 7 MonthsCurrent
Manhar ModiDirector30 Jun 20215 Years 4 MonthsCurrent
Vasu ModiDirector30 Sep 200026 Years 1 MonthsCurrent
Kanupriya GuptaDirector14 Feb 20233 Years 9 MonthsCurrent

Peer comparison

National General Industries Limited is compared with the 6 companies closest to it by revenue in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Delight Metals Private Limited₹12.03 Cr (FY 2025)6.0%Dehgam, Gujarat, India
Jenus Steel Industries Pvt. Ltd.₹11.99 Cr (FY 2018)-5.0%New Delhi, Delhi, India
Steel Inox Private Limited₹11.94 Cr (FY 2024)559.0%Mumbai, Maharashtra, India
Gaureesa Industries Private Limited₹11.94 Cr (FY 2024)0.0%Domjur, West Bengal, India
Crystal Alloys and Castings Private Limited₹11.93 Cr (FY 2025)7.0%Chandigarh, India
Kairav Steels Private Limited₹11.93 Cr (FY 2024)Bicholim, Goa, India
National General Industries Limitedthis company₹8.95 Cr (FY 2026)-₹48 Lakh-5.4%-13.5%New Delhi, Delhi, India

To see the full peer comparison of National General Industries Limited, buy the company report.

Auditor

National General Industries Limited is audited by R.K. Govil & Co. for the financial year 2023.

Auditor firmFinancial yearFirm registration number
R.K. Govil & Co.FY 2023000748C

Shareholding

Shareholding for the quarter ended Mar 2026: promoters hold 74.90%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 25.10%.

Promoters: 74.90%Retail & Others: 25.10%
Mar 2026
QUARTER
74.90% Promoters
25.10% Retail & Others
Promoter holding - history
Now 74.90% · Mar 2026High 74.90% · Dec 2025Low 60.70% · Sep 2025
59%63.3%67.5%71.8%76%Jun 2025Sep 2025Dec 2025Mar 2026Jun 2025: 65.60%Sep 2025: 60.70%Dec 2025: 74.90%Mar 2026: 74.90%74.90%60.70%74.90%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025
Promoters74.90%74.90%60.70%65.60%
Public25.10%25.10%39.30%34.40%

Charges & borrowings

Open charges
₹1.5 Cr
Satisfied charges
₹9.9 Cr
Breakdown by lending institutions
State Bank of Patiala₹1.50 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
11 Mar 199880007510State Bank of Patiala₹1.5 CrOpen
05 Apr 200580018356State Bank of India₹5 CrSatisfied
11 Mar 199880007509State Bank of Patiala₹4.9 CrSatisfied

To see the full charge records of National General Industries Limited, buy the company report.

Total charge records: 3 View all charges

MSME payment delays

National General Industries Limited has 8 MSME Form 1 returns on record between 2019 and 2023, listing 19 overdue payments to 5 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 5)

SupplierAmount dueDue sinceReported on
Ghibellines Security Solutions Limited
Hero Engineering Company
Skyline Financial Services Private Limited
an individual supplier
Punjab Traders

To see the full MSME payment records of National General Industries Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

GST

National General Industries has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.

Total GSTINs
3
Cancelled / inactive
3

To see the full GST registrations and return filing status of National General Industries Limited, buy the company report.

Recent activity

National General Industries Limited has 24 board changes on record since 1996: 15 appointments and 9 cessations. The latest: Kanupriya Gupta was appointed as Director on 14 Feb 2023.

Filing
National General Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Delhi I.
AGM
National General Industries Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Appointed
Kanupriya Gupta was appointed as Director.
Ceased
Sanjana Bharat ceased to be Director.
Ceased
Ashok Kumar Modi ceased to be Managing Director.
Appointed
Manhar Modi was appointed as Director.
Charges
A charge registered on 11 Mar 1998 via Charge ID 80007509 with State Bank Of Patiala was fully satisfied on 28 Jun 2021.
Ceased
Abhilasha Goenka ceased to be Director.
Appointed
Anantshri Gupta was appointed as Director.
Appointed
Anirudh Vimalkumar Goenka was appointed as Director.
Ceased
Chaitanya Dalmia ceased to be Director.
Ceased
Pankaj Agarwal ceased to be Director.

22 earlier events are in the company report.

Frequently asked questions

National General Industries is an active public limited company based in New Delhi, Delhi, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 08 January 1987 (39+ years old) and is registered under CIN L74899DL1987PLC026617. Listed on BSE: 531651.

National General Industries reported revenue of ₹8.95 Cr for FY 2025-26 (down 13.5% YoY) based on standalone financials.

National General Industries has 6 current directors:

The latest financial statements of National General Industries on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.

No. National General Industries has 3 GST registrations on record and all of them are cancelled or inactive.

The CIN (Corporate Identification Number) of National General Industries is L74899DL1987PLC026617. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. National General Industries is a listed company as per MCA records. Its shares are listed on BSE (code: 531651).

National General Industries has 11 court cases on record: 8 filed by the company and 3 filed against it. Most are in the high courts.

National General Industries was incorporated on 08 January 1987, making it 39+ years old. It is registered with the Registrar of Companies, Delhi.

The peers of National General Industries by revenue are Delight Metals Private Limited, Jenus Steel Industries Pvt. Ltd, Steel Inox Private Limited, Gaureesa Industries Private Limited, Crystal Alloys and Castings Private Limited and 1 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).

Kanupriya Gupta was appointed as Director on 14 Feb 2023. Sanjana Bharat ceased to be Director on 14 Feb 2023. Ashok Kumar Modi ceased to be Managing Director on 30 Jun 2021. National General Industries has 24 board changes on record in total.

National General Industries has 8 MSME Form 1 returns on record between 2019 and 2023, listing 19 overdue payments to 5 micro and small suppliers. The latest return was filed on 27 Apr 2023.