About Nezone Strips Limited
Data last updated:
Nezone Strips Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the pipe and tubes segment of the manufacturing sector. It was incorporated on 26 November 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U27104WB1999PLC096987. Its GSTIN is 19AABCN2889E1Z8 (West Bengal).
The company has an authorised share capital of ₹8.5 Cr and a paid-up capital of ₹5.33 Cr. It is led by directors including Ritu Beswal (Whole-Time Director) and Manish Agarwala (Whole-Time Director).
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Nezone House 19 Jatin Das Road, Kolkata, West Bengal, India – 700029.
As per the financials filed for FY 2025, the company reported a revenue of ₹628.42 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net profit of ₹31.39 Cr (net margin 5%) and EBITDA of ₹45.85 Cr (EBITDA margin 7.3%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 5% over five years.
The company has about 153 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹67 Cr and satisfied charges of ₹323.5 Cr on record. Court records list 9 cases involving the company, including 9 filed by the company; 3 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 nezonegroup.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNezone House 19 Jatin Das Road, Kolkata, West Bengal, India – 700029
- IndustryManufacturing, Pipe & Tubes
- 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
- One PDF report, delivered after checkout
Business Activity of Nezone Strips Limited
The main business activity of Nezone Strips 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 |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Nezone Strips Limited FY 2025 filings available
Nezone Strips Limited reported revenue of ₹628.42 Cr (down 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Nezone Strips Limited
Revenue fell 1% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA rose 46% 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 Nezone Strips Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹45.85 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹31.39 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 Nezone Strips Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5% | •••• | •••• | •••• | •••• |
| 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 Nezone Strips are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Nezone Strips Limited
Nezone Strips Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Pipes). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mercure Metals and Alloys Private Limited | ₹721.82 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Mumbai, Maharashtra, India |
| Avon Ispat & Power Limited | ₹682.27 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Punjab, India |
| Iskcon Strips Private Limited | ₹673.62 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Raipur, Chhattisgarh, India |
| Hansa Metallics Limited | ₹666.83 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Mohali, Punjab, India |
| Maharashtra Seamless Limited | ₹645.99 Cr (FY 2024) | •••• | •••• | 16.0% | •••• | Delhi, India |
| Nezone Strips Limited this company | ₹628.42 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Kolkata, West Bengal, India |
| Bhuwalka Pipes Private Limited | ₹608.1 Cr (FY 2025) | •••• | •••• | -13.0% | •••• | Bellary, Karnataka, India |
| Jindal Supreme (India) Limited | ₹604.74 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Hisar, Haryana, India |
| Avon Plastic Industries Private Limited | ₹603.49 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Bangalore, Karnataka, India |
| Mayraj Pipes & Products Private Limited | ₹584.29 Cr (FY 2025) | •••• | •••• | 265.0% | •••• | Indore, Madhya Pradesh, India |
| Kisan Irrigations and Infrastructure Limited | ₹574.27 Cr (FY 2025) | •••• | •••• | -12.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Nezone Strips by revenue in the Manufacturing industry (Pipes), 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 Nezone Strips Limited
Nezone Strips Limited is audited by R.Kothari & Company LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| R.Kothari & Company LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Nezone Strips Limited
Nezone Strips has 9 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pradip Kumar Agarwal Also directs: Nezone Tubes (TN) Limited, Nezone Tubes Limited, Nezone Ispat Tubes Limited and 5 more | Director | 26 Nov 1999 | 26 Years 10 Months | Current |
| Ritu Beswal Also directs: Nezone Tubes Limited, Nezone Ispat Tubes Limited, Nezone International Limited and 3 more | Whole-Time Director | 02 Apr 2025 | 1 Years 6 Months | Current |
| Manish Agarwala Also directs: Nezone Tubes (TN) Limited, Nezone Tubes Limited, Nezone Ispat Tubes Limited and 5 more | Whole-Time Director | 01 Mar 2005 | 21 Years 7 Months | Current |
| Sanwar Mal Agarwala Also directs: Nezone Tubes (TN) Limited, Nezone Tubes Limited, Nezone Ispat Tubes Limited and 5 more | Director | 15 Mar 2000 | 26 Years 6 Months | Current |
| Subhash Chandra Agarwala Also directs: Nezone Tubes (TN) Limited, Nezone Tubes Limited, Nezone International Limited and 5 more | Director | 15 Mar 2000 | 26 Years 6 Months | Current |
| Ramesh Chandra Pradhan | Director | 10 Mar 2025 | 1 Years 7 Months | Current |
Ownership and Shareholding of Nezone Strips Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Nezone Strips Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 Dec 2021 | Axis Bank Limited | ₹67 Cr | Open |
| 23 Jun 2020 | State Bank of India | ₹61 Cr | Satisfied |
| 05 Jun 2020 | Axis Bank Limited | ₹20 Cr | Satisfied |
| 26 Oct 2009 | State Bank of India | ₹10.6 Cr | Satisfied |
| 02 Feb 2007 | West Bengal Industrial Development Corpn Ltd | ₹3.02 Cr | Satisfied |
Total charge records: 10 View all charges
Legal Cases of Nezone Strips Limited
Nezone Strips Limited has 9 court cases on record: 9 filed by Nezone Strips. 3 cases are pending and 6 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 0 | 2 |
| District courts | 3 | 0 | 0 |
| Supreme Court | 1 | 0 | 1 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against Ride Master Rims Private Limited | Disposed |
| Calcutta High Court | Writ petition | Filed by the company against Senior Joint Commissioner Commercial, Chowringhee Cirle | Pending |
| Calcutta High Court | Court case (FAT) | Filed by the company against an individual | Pending |
| Supreme Court | Special leave petition | Filed by the company against State of West Bengal | Pending |
| Calcutta High Court | Writ petition | Filed by the company against State of West Bengal & Ors | Disposed |
Full case history
All 9 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 Nezone Strips Limited
Nezone Strips Limited has a workforce of 153 employees as of Mar 30, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Nezone Strips Limited
Nezone Strips has one previous CIN (Corporate Identification Number): U27104WB2003PLC096987. The current CIN is U27104WB1999PLC096987, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27104WB1999PLC096987 | Current |
| U27104WB2003PLC096987 | Previous |
Recent Activity on Nezone Strips Limited
Nezone Strips Limited has 18 board changes on record since 1999: 10 appointments and 8 cessations. The latest: Ritu Beswal ceased to be Additional Director on 27 Apr 2025.
32 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Nezone Strips Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Nezone Strips Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Nezone Strips Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Nezone Strips Limited
Nezone Strips has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCN2889E1Z8 | West Bengal | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Nezone Strips Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Nezone Strips Limited
Nezone Strips is an active public limited company based in Kolkata, West Bengal, India. The company works in pipe and tubes, within the manufacturing industry. It was incorporated on 26 November 1999 (27+ years old) and is registered under CIN U27104WB1999PLC096987.
Nezone Strips reported revenue of ₹628.42 Cr for FY 2025 (down 1% YoY).
Nezone Strips has 9 current directors:
- Ritu Beswal - Whole-Time Director
- Manish Agarwala - Whole-Time Director
- Anita Agarwala - Whole-Time Director
- Pradip Kumar Agarwal - Director
- Sanwar Mal Agarwala - Director
- Subhash Chandra Agarwala - Director
- Ramesh Chandra Pradhan - Director
- Manoj Beswal - Director
- Ramesh Kumar Bhudolia - Director
Nezone Strips reported a net profit of ₹31.39 Cr (net margin 5%) and EBITDA of ₹45.85 Cr (EBITDA margin 7.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Nezone Strips is -3% over three years and 5% over five years. In the latest year (FY 2025) revenue fell 1%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Nezone Strips is 19AABCN2889E1Z8, registered in West Bengal.
The CIN (Corporate Identification Number) of Nezone Strips is U27104WB1999PLC096987. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nezone Strips has 9 court cases on record: 9 filed by the company. 3 are pending. Most are in the high courts.
Nezone Strips was incorporated on 26 November 1999, making it 27+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Nezone Strips by revenue are Mercure Metals and Alloys Private Limited, Avon Ispat & Power Limited, Iskcon Strips Private Limited, Hansa Metallics Limited, Maharashtra Seamless Limited and 5 more, all in the Manufacturing industry (Pipes).
Ritu Beswal ceased to be Additional Director on 27 Apr 2025. Ritu Beswal was appointed as Whole-Time Director on 02 Apr 2025. Manoj Beswal ceased to be Whole-Time Director on 31 Mar 2025. Nezone Strips has 18 board changes on record in total.