About Nezone Tubes Limited
Data last updated:
Nezone Tubes 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 04 August 1981 and has been in existence for over 45 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U29120WB1981PLC098963. Its GSTIN is 19AABCN2550L1ZB (West Bengal). The company holds 4 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹2.49 Cr. It is led by directors including Pradip Kumar Agarwal (Whole-Time Director) and Mrinal Kanti Ghosh.
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 ₹422.32 Cr, a decline of 17% compared to the previous year. For the same year it recorded a net profit of ₹5.21 Cr (net margin 1.2%) and EBITDA of ₹9.32 Cr (EBITDA margin 2.2%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years and 11% over five years.
The company has about 165 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Nezone. As per MCA filings, the company has open charges of ₹61 Cr and satisfied charges of ₹494.11 Cr on record. Court records list 5 cases involving the company, including 4 filed by the company and 1 filed against it; 1 case is 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 Tubes Limited
The main business activity of Nezone Tubes 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 Tubes Limited FY 2025 filings available
Nezone Tubes Limited reported revenue of ₹422.32 Cr (down 17% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Nezone Tubes Limited
Revenue has declined at a compounded annual rate (CAGR) of 11% over five years, including a 17% fall in the latest year. EBITDA fell 35% 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 Tubes 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 | ₹9.32 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹5.21 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 Tubes Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.2% | •••• | •••• | •••• | •••• |
| 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 Tubes 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 Tubes Limited
Nezone Tubes 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 |
|---|---|---|---|---|---|---|
| Agarsen Rerollers Pvt Ltd | ₹451.83 Cr (FY 2025) | •••• | •••• | -29.0% | •••• | Raipur, Chhattisgarh, India |
| Hyundai Steel Pipe India Private Limited | ₹451.76 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Sriperumbudur, Tamil Nadu, India |
| Magnum Mi Steel Private Limited | ₹442.79 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | New Delhi, Delhi, India |
| Cogent Steel and Pipes Private Limited | ₹440.49 Cr (FY 2024) | •••• | •••• | 3.0% | •••• | Odisha, India |
| Mega Pipes Private Limited | ₹432.23 Cr (FY 2025) | •••• | •••• | -44.0% | •••• | Sudhagad, Maharashtra, India |
| Nezone Tubes Limited this company | ₹422.32 Cr (FY 2025) | •••• | •••• | -17.0% | •••• | Kolkata, West Bengal, India |
| Ans Steel Tubes Limited | ₹407.31 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | New Delhi, Delhi, India |
| Jay Ambe Pipes Private Limited | ₹405.26 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Ahmedabad, Gujarat, India |
| Riddhi Steel and Tube Limited Listed | ₹393.94 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Ahmedabad, Gujarat, India |
| Texmo Pipes and Products Limited Listed | ₹393.18 Cr (FY 2025) | •••• | •••• | -27.0% | •••• | Burhanpur, Madhya Pradesh, India |
| A.S.T. Pipes Private Limited | ₹382.89 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Nezone Tubes 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 Tubes Limited
Nezone Tubes Limited is audited by N.AGARWALA & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| N.AGARWALA & ASSOCIATES | 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 Tubes Limited
Nezone Tubes has 9 current directors and 10 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 Strips Limited, Nezone Tubes (TN) Limited, Nezone Ispat Tubes Limited and 5 more | Whole-Time Director | 28 Oct 1994 | 31 Years 11 Months | Current |
| Mrinal Kanti Ghosh Also directs: Ori Plast Ltd. | Director | 27 Jul 2020 | 6 Years 2 Months | Current |
| Ritu Beswal Also directs: Nezone Strips Limited, Nezone Ispat Tubes Limited, Nezone International Limited and 3 more | Director | 16 Mar 2015 | 11 Years 7 Months | Current |
| Manish Agarwala Also directs: Nezone Strips Limited, Nezone Tubes (TN) Limited, Nezone Ispat Tubes Limited and 5 more | Director | 02 Apr 2025 | 1 Years 6 Months | Current |
| Sanwar Mal Agarwala Also directs: Nezone Strips Limited, Nezone Tubes (TN) Limited, Nezone Ispat Tubes Limited and 5 more | Director | 01 Feb 1984 | 42 Years 8 Months | Current |
| Subhash Chandra Agarwala Also directs: Nezone Strips Limited, Nezone Tubes (TN) Limited, Nezone International Limited and 5 more | Director | 01 Feb 1984 | 42 Years 8 Months | Current |
Ownership and Shareholding of Nezone Tubes 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 Tubes Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Nov 2024 | Axis Bank Limited | ₹61 Cr | Open |
| 19 Mar 2019 | The Hongkong and Shanghai Banking Corporation Limited | ₹3.5 Cr | Satisfied |
| 31 Dec 2018 | State Bank of India | ₹31 Cr | Satisfied |
| 17 Jul 2017 | State Bank of India | ₹50 Cr | Satisfied |
| 25 Jan 2006 | State Bank of India | ₹197.43 Cr | Satisfied |
Total charge records: 7 View all charges
Legal Cases of Nezone Tubes Limited
Nezone Tubes Limited has 5 court cases on record: 4 filed by Nezone Tubes, 1 filed against it. 1 case is pending and 4 are disposed. Status as checked between 29 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 1 | 0 |
| District courts | 1 | 0 | 1 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against V S A Infra Projects Private Limited | Pending |
| Calcutta High Court | Company petition | Filed by the company against Hindustan Cables Ltd | Disposed |
| Calcutta High Court | Tax appeal | Filed against the company by an individual | Disposed |
| High Court of Orissa | Writ petition | Filed by the company against Orissa Industrial Infrastructure Development Corporation | Disposed |
| Gauhati High Court | Writ petition | Filed by the company against an individual | Disposed |
Full case history
All 5 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.
Associated Brands with Nezone Tubes Limited
Nezone Tubes operates one associated brand: Nezone. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Electric-welded steel tubes are manufactured and supplied by Nezone. | nezonegroup.com |
Employees and EPFO Compliance at Nezone Tubes Limited
Nezone Tubes Limited has a workforce of 165 employees as of Apr 08, 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 Tubes Limited
Nezone Tubes has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U29120WB1981PLC098963, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29120WB1981PLC098963 | Current |
| U25112WB1981PLC098963 | Previous |
| U99999WB1981PTC098963 | Previous |
| U99999WB1981PLC098963 | Previous |
Recent Activity on Nezone Tubes Limited
Nezone Tubes Limited has 18 board changes on record since 1984: 9 appointments and 9 cessations. The latest: Manish Agarwala ceased to be Additional Director on 26 Sep 2025.
27 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Nezone Tubes 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 Tubes 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 Tubes 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 Tubes Limited
Nezone Tubes has 4 GST registrations: 2 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCN2550L1ZB | West Bengal | Active | 01 Jul 2017 |
| 33AABCN2550L1ZL | Tamil Nadu | 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 Tubes 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 Tubes Limited
Nezone Tubes 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 04 August 1981 (45+ years old) and is registered under CIN U29120WB1981PLC098963.
Nezone Tubes reported revenue of ₹422.32 Cr for FY 2025 (down 17% YoY).
Nezone Tubes has 9 current directors:
- Pradip Kumar Agarwal - Whole-Time Director
- Mrinal Kanti Ghosh - Director
- Ritu Beswal - Director
- Manish Agarwala - Director
- Sanwar Mal Agarwala - Director
- Subhash Chandra Agarwala - Director
- Manoj Beswal - Director
- Nimesh Harlalka - Director
- Sudip Roy - Director
Nezone Tubes reported a net profit of ₹5.21 Cr (net margin 1.2%) and EBITDA of ₹9.32 Cr (EBITDA margin 2.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Nezone Tubes is 1% over three years and -11% over five years. In the latest year (FY 2025) revenue fell 17%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Nezone Tubes is 19AABCN2550L1ZB, registered in West Bengal. The company has 4 GST registrations in all, of which 2 are active and 2 are cancelled or inactive. Other active GSTINs include 33AABCN2550L1ZL (Tamil Nadu).
The CIN (Corporate Identification Number) of Nezone Tubes is U29120WB1981PLC098963. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nezone Tubes has 5 court cases on record: 4 filed by the company and 1 filed against it. 1 is pending. Most are in the high courts.
Nezone Tubes was incorporated on 04 August 1981, making it 45+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Nezone Tubes by revenue are Agarsen Rerollers Pvt Ltd, Hyundai Steel Pipe India Private Limited, Magnum Mi Steel Private Limited, Cogent Steel and Pipes Private Limited, Mega Pipes Private Limited and 5 more, all in the Manufacturing industry (Pipes).
Manish Agarwala ceased to be Additional Director on 26 Sep 2025. Manish Agarwala was appointed as Director on 02 Apr 2025. Sudip Roy ceased to be Additional Director on 30 Mar 2025. Nezone Tubes has 18 board changes on record in total.