About Nico Extrusions Limited
Data last updated:
Nico Extrusions Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the metal manufacturing and processing segment of the metals and mining sector. It was incorporated on 23 February 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U28113MH1996PLC097588. Its GSTIN is 27AAACN2104R1ZD (Maharashtra). The company holds 5 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It was formerly known as Nico Extrusions Private Limited. It is led by directors including Ratan Lal Narayan Jain and Pushpalatha Vinod Vakkaliga.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Gala No.14 Niraj Industrial Estate Off. Mahakali Caves Road Andheri (East), Mumbai, Maharashtra, India – 400093.
As per the financials filed for FY 2025, the company reported a revenue of ₹174.06 Cr, a decline of 49% compared to the previous year. For the same year it recorded a net profit of ₹1.46 Cr (net margin 0.8%) and EBITDA of ₹2.32 Cr (EBITDA margin 1.3%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 4% over five years.
The company has about 105 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹15 Cr and satisfied charges of ₹94.06 Cr on record. Court records list 38 cases involving the company, including 29 filed by the company and 9 filed against it; 4 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 nicoex.com.
Company details
CIN history
Nico Extrusions has one previous CIN (Corporate Identification Number): U28113MH1996PTC097588. The current CIN is U28113MH1996PLC097588, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U28113MH1996PLC097588 | Current |
| U28113MH1996PTC097588 | Previous |
Contact details
Nico Extrusions Limited's registered office is in Mumbai, Maharashtra. Its website is nicoex.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressGala No.14 Niraj Industrial Estate Off. Mahakali Caves Road Andheri (East), Mumbai, Maharashtra, India – 400093
- IndustryMetals and Minerals, Metal Manufacturing & Processing
To see the full contact details of Nico Extrusions Limited, buy the company report.
- 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
Business activity
The main business activity of Nico Extrusions is manufacturing. In detail, this covers manufacture of basic metals.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 24 | Manufacture of basic metals |
To see the full business activity and turnover split of Nico Extrusions Limited, buy the company report.
Financials of Nico Extrusions Limited
FY 2025 filings availableNico Extrusions Limited reported revenue of ₹174.06 Cr (down 49% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 49% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA fell 27% 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 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 | ₹2.32 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.46 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.3% | ||||
| Net Profit Margin | 0.8% | ||||
| 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 | |||||
To see the full financial statements and ratios of Nico Extrusions Limited, buy the company report.
Board of directors of Nico Extrusions Limited
Nico Extrusions has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ratan Lal Narayan Jain Also directs: R D J & Associates LLP, Metalloys Recycling Limited | Director | 02 Apr 2024 | 2 Years 6 Months | Current |
| Pushpalatha Vinod Vakkaliga | Director | 04 Apr 2024 | 2 Years 6 Months | Current |
| Dharmesh Natwarlal Patel | Director | 13 Mar 2013 | 13 Years 7 Months | Current |
| Harishanker Adhyaprasad Pandey | Director | 30 Sep 2025 | 1 Years 0 Months | Current |
Auditor
Nico Extrusions Limited is audited by SHAPARIA MEHTA & ASSOCIATES LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHAPARIA MEHTA & ASSOCIATES LLP | FY 2023 | 112350W |
Shareholding
The shareholding of Nico Extrusions Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Nico Extrusions Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Jan 2017 | 100086935 | Others | ₹15 Cr | Open | |
| 24 Sep 2009 | 10181794 | Canara Bank | ₹56 Cr | Satisfied | |
| 20 Sep 2007 | 10070801 | Kotak Mahindra Bank Limited | ₹10 Cr | Satisfied | |
| 27 Jan 2005 | 80006769 | Icici Bank Ltd | ₹17.8 Cr | Satisfied | |
| 07 Jun 2003 | 90154701 | The Shamrao Vithal Co-Op. Bank Ltd. | ₹25 Lakh | Satisfied |
To see the full charge records of Nico Extrusions Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Nico Extrusions Limited has 38 court cases on record: 29 filed by Nico Extrusions, 9 filed against it. 4 cases are pending and 34 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 23 | 2 | 2 |
| High courts | 14 | 6 | 2 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 38)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jalandhar, Punjab | Execution petition | Filed by the company against Kapsons Industries Ltd | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Aryavart Chemicals Pvt Ltd | Disposed |
| Bombay High Court | Court case (CHOL) | Filed by the company against Aryavart Chemicals Pvt.Ltd. | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Aryavart Chemicals Pvt Ltd | Disposed |
| Bombay High Court | Court case (SS) | Filed by the company against Aryavart Chemicals Pvt.Ltd. | Disposed |
To see the full case history of Nico Extrusions 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
Nico Extrusions Limited has 16 MSME Form 1 returns on record between 2019 and 2024, listing 167 overdue payments to 60 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 60)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Mukesh Oil Corporation | |||
| Ceraflux India Private Limited |
To see the full MSME payment records of Nico Extrusions Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Nico Extrusions Limited has a workforce of 105 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Nico Extrusions has 5 GST registrations: 4 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACN2104R1ZD | Maharashtra | Active | 01 Jul 2017 |
| 27AAACN2104R2ZC | Maharashtra | Active | 01 Apr 2025 |
| 26AAACN2104R1ZF | Dadra and Nagar Haveli and Daman and Diu | Active | 01 Jul 2017 |
| 26AAACN2104R1DO | Daman & Diu | Active | 07 Nov 2024 |
To see the full GST registrations and return filing status of Nico Extrusions Limited, buy the company report.
Recent activity
Nico Extrusions Limited has 12 board changes on record since 2013: 5 appointments and 7 cessations. The latest: Harishanker Adhyaprasad Pandey was appointed as Director on 30 Sep 2025.
26 earlier events are in the company report.
Frequently asked questions
Nico Extrusions is an active public limited company based in Mumbai, Maharashtra, India. The company works in metal manufacturing and processing, within the metals and minerals industry. It was incorporated on 23 February 1996 (30+ years old) and is registered under CIN U28113MH1996PLC097588.
Nico Extrusions has 4 current directors:
- Ratan Lal Narayan Jain - Director
- Pushpalatha Vinod Vakkaliga - Director
- Dharmesh Natwarlal Patel - Director
- Harishanker Adhyaprasad Pandey - Director
The latest financial statements of Nico Extrusions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Nico Extrusions is 27AAACN2104R1ZD, registered in Maharashtra. The company has 5 GST registrations in all, of which 4 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAACN2104R2ZC (Maharashtra), 26AAACN2104R1ZF (Dadra and Nagar Haveli and Daman and Diu), 26AAACN2104R1DO (Daman & Diu).
The CIN (Corporate Identification Number) of Nico Extrusions is U28113MH1996PLC097588. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nico Extrusions has 38 court cases on record: 29 filed by the company and 9 filed against it. 4 are pending. Most are in the district courts.
Nico Extrusions was incorporated on 23 February 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.
Harishanker Adhyaprasad Pandey was appointed as Director on 30 Sep 2025. Arun Mehta ceased to be Director on 01 Oct 2024. Pushpalatha Vinod Vakkaliga ceased to be Additional Director on 29 Sep 2024. Nico Extrusions has 12 board changes on record in total.
Nico Extrusions has 16 MSME Form 1 returns on record between 2019 and 2024, listing 167 overdue payments to 60 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Nico Extrusions can be reached through the website nicoex.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Nico Extrusions is at Gala No.14 Niraj Industrial Estate Off. Mahakali Caves Road Andheri East, Mumbai, Maharashtra, India – 400093.