About Nidhi Mercantiles Limited
Data last updated:
Nidhi Mercantiles Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 06 February 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L51909MH1985PLC138577. Its GSTIN is 27AAACN9025H1ZG (Maharashtra). The company holds 2 GST registrations, of which 1 is active. It is a listed company as per MCA records.
The company has an authorised share capital of ₹1.26 Cr and a paid-up capital of ₹1.26 Cr. It is led by directors including Ladhu Soni Lal (Managing Director) and Sejal Sagar Modi (Managing Director).
Its last annual general meeting (AGM) was held on 22 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 309 Dynasty Business Park, Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.88 Cr, a decline of 37% compared to the previous year. For the same year it recorded a net profit of ₹16.24 Cr (net margin 236%) and EBITDA of ₹17.64 Cr (EBITDA margin 256.3%).
The company is associated with 1 brand: Nidhi Mercantiles Limited. As per MCA filings, the company has open charges of ₹283.03 Cr and satisfied charges of ₹82 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nidhi.net.in.
Company details
CIN history
Nidhi Mercantiles has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L51909MH1985PLC138577, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L51909MH1985PLC138577 | Current |
| U51909MH1985PLC138577 | Previous |
| U51909MH2003PLC138577 | Previous |
| U51909MH2003PTC138577 | Previous |
Contact details
Nidhi Mercantiles Limited's registered office is in Mumbai, Maharashtra. Its website is nidhi.net.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressB/306 – 309 Dynasty Business Park Opp. Sangam Cinema A. K. Road Andheri, (E), Mumbai, Maharashtra, India – 400059
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Nidhi Mercantiles 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
Brands
Nidhi Mercantiles operates one associated brand: Nidhi Mercantiles Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Trading in cotton products, fibrous materials, engineering goods, and real estate services in India. | nidhi.net.in |
Business activity
The main business activity of Nidhi Mercantiles is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Nidhi Mercantiles Limited, buy the company report.
Financials of Nidhi Mercantiles Limited
FY 2025 filings availableNidhi Mercantiles Limited reported revenue of ₹6.88 Cr (down 37% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 37% in the latest year. EBITDA rose 4% in the latest 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 | ₹6.88 Cr | ||||
| Cost of Materials Consumed | |||||
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| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹17.64 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹16.24 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 256.3% | ||||
| Net Profit Margin | 236% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Nidhi Mercantiles Limited, buy the company report.
Board of directors and KMP of Nidhi Mercantiles Limited
Nidhi Mercantiles Limited currently reports 5 directors and 1 key managerial person. 7 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ladhu Soni Lal | Managing Director | 20 Jan 2007 | 19 Years 9 Months | Current |
| Rajendra Kumar Kaliya | Director | 12 Aug 2024 | 2 Years 2 Months | Current |
| Kapil Malpani Also directs: Vibhuti Muti Trade Private Limited | Director | 12 Aug 2022 | 4 Years 2 Months | Current |
| Sejal Sagar Modi | Managing Director | 12 Feb 2015 | 11 Years 8 Months | Current |
| Poornima Maheshwari Also directs: Sangam Finserv Limited | Director | 13 Aug 2025 | 1 Years 2 Months | Current |
| Neha Jagetia Also directs: Orient Press Limited | Company Secretary | 17 May 2023 | 3 Years 5 Months | Current |
Auditor
Nidhi Mercantiles Limited is audited by S I G M A C & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S I G M A C & CO | FY 2023 | 116351W |
Shareholding
The shareholding of Nidhi Mercantiles 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 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Nidhi Mercantiles Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Nov 2022 | 100654741 | Others | ₹283.03 Cr | Open | |
| 15 Jun 2017 | 100104695 | Others | ₹12 Cr | Satisfied | |
| 06 Mar 2017 | 100091450 | Others | ₹5 Cr | Satisfied | |
| 12 Jul 2012 | 10364583 | The Peoples Co - Operative Bank Ltd. Hingoli | ₹5 Cr | Satisfied | |
| 05 Jan 2011 | 10261114 | Uco Bank | ₹20 Cr | Satisfied |
To see the full charge records of Nidhi Mercantiles Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
No court or tribunal cases involving Nidhi Mercantiles Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Nidhi Mercantiles Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Nidhi Mercantiles has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
GST
Nidhi Mercantiles has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACN9025H1ZG | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nidhi Mercantiles Limited, buy the company report.
Recent activity
Nidhi Mercantiles Limited has 11 board changes on record since 2007: 6 appointments and 5 cessations. The latest: Poornima Maheshwari was appointed as Director on 13 Aug 2025.
18 earlier events are in the company report.
Frequently asked questions
Nidhi Mercantiles is an active public limited company based in Mumbai, Maharashtra, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 06 February 1985 (41+ years old) and is registered under CIN L51909MH1985PLC138577.
Nidhi Mercantiles has 6 current directors and KMP:
- Ladhu Soni Lal - Managing Director
- Sejal Sagar Modi - Managing Director
- Rajendra Kumar Kaliya - Director
- Kapil Malpani - Director
- Poornima Maheshwari - Director
- Neha Jagetia - Company Secretary
The latest financial statements of Nidhi Mercantiles on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 22 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Nidhi Mercantiles is 27AAACN9025H1ZG, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Nidhi Mercantiles is L51909MH1985PLC138577. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Nidhi Mercantiles is a listed company as per MCA records.
Nidhi Mercantiles was incorporated on 06 February 1985, making it 41+ years old. It is registered with the Registrar of Companies, Mumbai.
Poornima Maheshwari was appointed as Director on 13 Aug 2025. Rajendra Kumar Kaliya was appointed as Director on 12 Aug 2024. Neha Jagetia was appointed as Company Secretary on 17 May 2023. Nidhi Mercantiles has 11 board changes on record in total.
Nidhi Mercantiles can be reached through the website nidhi.net.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Nidhi Mercantiles is at B306 – 309 Dynasty Business Park Opp. Sangam Cinema A. K. Road Andheri, E, Mumbai, Maharashtra, India – 400059.
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