Nirav Commercials Limited - manufacturing in Mumbai, Maharashtra, India. FY 2026 financials and compliance.
CIN L51900MH1985PLC036668 Incorporated 27 June 1985 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - BSE: 512425 Public Limited Company manufacturing
Data last updated
Revenue · FY 2026
₹12.89 Cr
▲ 32.48% YoY
Computed EBITDA · FY 2026
₹44 Lakh
▲ 4.76% YoY
Net profit · FY 2026
₹42 Lakh
▲ 740% YoY
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹39.2 Lakh
Issued & subscribed
Open charges
₹3.49 Cr
Secured borrowings
Company age
41 yrs
Est. 1985
Employees · EPFO
10
Latest available

About Nirav Commercials Limited

Data last updated: 14 July 2026

Nirav Commercials Limited is a public limited company based in Mumbai, Maharashtra, India. It specialises in construction materials, a part of the broader manufacturing sector. Incorporated on 27 June 1985, the company has been in operation for over 41 years.

Registered with ROC Mumbai under CIN L51900MH1985PLC036668. Listed on BSE: 512425.

Capital: an authorised share capital of ₹2 Cr and a paid-up capital of ₹39.2 Lakh. It is led by directors including Santosh Mundhra and Lalit Kumar Daga.

Last AGM: 02 September 2025. Financial statements filed for year ended 31 March 2025. Office: Mumbai, Maharashtra.

As per BSE-filed standalone financials for FY 2026, the company reported a revenue of ₹12.89 Cr, a growth of 32.48% compared to the previous year. The net worth stands at ₹31.39 Cr (up 3.02% YoY). Total assets are valued at ₹31.68 Cr (down 5.38% YoY).

The company has a workforce of approximately 10 employees as per the latest available data.

As per MCA filings, the company has open charges of ₹3.49 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 associatedgroup.com.

Company Details of Nirav Commercials Limited
CIN L51900MH1985PLC036668
Registration Number 036668
Incorporation Date 27 June 1985
ROC Mumbai
Listing Status Listed (BSE: 512425)
Company Status Active
Date of Last AGM 02 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Social Media
    Locked
  • Registered Address
    B – 1 Tulsi Vihar, Dr. Ab Road Worli Naka, Mumbai, Maharashtra, India – 400018
  • Industry
    Manufacturing, Construction Materials
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Financials, compliance, directors, charges, ownership and filings for Nirav Commercials Limited in one report.

10-year financials Directors & ownership Charges & compliance

CIN History of Nirav Commercials Limited

Nirav Commercials Limited has one previous CIN (Corporate Identification Number): U51900MH1985PLC036668. The current CIN is L51900MH1985PLC036668, which is the unique identifier assigned by the Registrar of Companies.

CIN Status
L51900MH1985PLC036668 Current
U51900MH1985PLC036668 Previous

Business Activity of Nirav Commercials Limited

Nirav Commercials Limited is engaged in the principal business activity of manufacturing, with detailed activities including 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
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Business activity turnover details for Nirav Commercials Limited

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Auditor Details of Nirav Commercials Limited

Nirav Commercials Limited is audited by SURYAPRAKASH MAURYA & CO. (ICAI peer reviewed, certificate valid till 2027-12-31) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
SURYAPRAKASH MAURYA & CO. (ICAI peer reviewed, certificate valid till 2027-12-31) FY 2026 Declaration of unmodified opinion

Board of Directors of Nirav Commercials Limited

Nirav Commercials Limited is currently managed by 4 directors, with 5 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Santosh Mundhra Director 29 Nov 2018 7 Years 8 Months Current
Lalit Kumar Daga Director 10 Jul 1996 30 Years 1 Months Current
Raghav Daga Managing Director 29 Nov 2018 7 Years 8 Months Current
Navinchandra Himchand Shah Director 30 May 2017 9 Years 2 Months Current

Financials of Nirav Commercials Limited FY 2026 filings available

Nirav Commercials Limited reported revenue of ₹12.89 Cr (up 32.48% YoY) for FY 2026.

Revenue · FY 2026
₹12.89 Cr ▲ 32.48%
Profit · FY 2026
₹42 Lakh ▲ 740%
Computed EBITDA · FY 2026
₹44 Lakh ▲ 4.76%
Revenue₹ Cr · Standalone051015FY 2019: ₹5 Cr5.1FY 2019FY 2020: ₹4 Cr · -26.4% YoY3.7-26.4%FY 2020FY 2021: ₹5 Cr · +41.3% YoY5.3+41.3%FY 2021FY 2022: ₹11 Cr · +110.8% YoY11.1+110.8%FY 2022FY 2023: ₹10 Cr · -13.3% YoY9.6-13.3%FY 2023FY 2024: ₹11 Cr · +9.4% YoY10.5+9.4%FY 2024FY 2025: ₹10 Cr · -7.5% YoY9.7-7.5%FY 2025FY 2026: ₹13 Cr · +32.5% YoY12.9+32.5%FY 2026
Net Profit₹ Cr · Standalone0510FY 2019: ₹0 Cr0.2FY 2019FY 2020: ₹0 Cr · -76.7% YoY0-76.7%FY 2020FY 2021: ₹9 Cr · +24945.9% YoY9.3+24945.9%FY 2021FY 2022: ₹1 Cr · -84.4% YoY1.4-84.4%FY 2022FY 2023: ₹1 Cr · -54.2% YoY0.7-54.2%FY 2023FY 2024: ₹0 Cr · -53% YoY0.3-53%FY 2024FY 2025: ₹0 Cr · -83.9% YoY0.1-83.9%FY 2025FY 2026: ₹0 Cr · +740% YoY0.4+740%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year02.557.5Q1'25: ₹2 Cr2.2Q1'25Q2'25: ₹2 Cr2.5Q2'25Q3'25: ₹3 Cr3.5Q3'25Q4'25: ₹4 Cr3.8Q4'25Q1'26: ₹3 Cr · +30.9% YoY2.9+30.9%Q1'26Q2'26: ₹2 Cr · -11.3% YoY2.2-11.3%Q2'26Q3'26: ₹2 Cr · -57% YoY1.5-57%Q3'26Q4'26: ₹6 Cr · +67.8% YoY6.3+67.8%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 FY 2019
Revenue from Operations ₹12.89 Cr ₹9.73 Cr ₹10.52 Cr ₹9.62 Cr ₹11.09 Cr ₹5.26 Cr ₹3.72 Cr ₹5.06 Cr
Other Income ₹58 Lakh ₹83 Lakh ₹81.5 Lakh ₹88.7 Lakh ₹80.2 Lakh ₹9.82 Cr ₹1.3 Cr ₹86 Lakh
Total Income ₹13.47 Cr ₹10.56 Cr ₹11.34 Cr ₹10.5 Cr ₹11.89 Cr ₹15.08 Cr ₹5.02 Cr ₹5.92 Cr
Cost of Materials Consumed ₹7.32 Cr ₹5.94 Cr ₹5.68 Cr ₹6.65 Cr ₹7.92 Cr ₹3.41 Cr ₹2.59 Cr ₹2.84 Cr
Purchases of Stock-in-Trade ₹2 Lakh ₹7 Lakh ₹17.3 Lakh ₹33.8 Lakh ₹32.1 Lakh ₹4.2 Lakh ₹60,000 ₹14 Lakh
Changes in Inventories ₹84 Lakh -₹52 Lakh ₹56.3 Lakh -₹1.3 Cr -₹10.3 Lakh ₹26 Lakh ₹5.8 Lakh ₹20 Lakh
Employee Benefit Expense ₹1.46 Cr ₹1.36 Cr ₹1.17 Cr ₹77.1 Lakh ₹77.5 Lakh ₹66 Lakh ₹95.9 Lakh ₹96 Lakh
Finance Costs ₹26 Lakh ₹25 Lakh ₹12.1 Lakh ₹4.1 Lakh ₹2.2 Lakh ₹1.1 Lakh ₹1.2 Lakh ₹1.1 Lakh
Depreciation & Amortisation ₹15 Lakh ₹14 Lakh ₹13.9 Lakh ₹4.2 Lakh ₹4.7 Lakh ₹5 Lakh ₹4.8 Lakh ₹5.2 Lakh
Other Expenses ₹3.39 Cr ₹3.29 Cr ₹3.1 Cr ₹3.1 Cr ₹2.21 Cr ₹1.33 Cr ₹1.31 Cr ₹1.56 Cr
Total Expenses ₹13.44 Cr ₹10.53 Cr ₹10.95 Cr ₹9.64 Cr ₹11.19 Cr ₹5.76 Cr ₹4.98 Cr ₹5.76 Cr
Profit Before Exceptional Items & Tax ₹3 Lakh ₹3 Lakh ₹38.9 Lakh ₹86.3 Lakh ₹70.1 Lakh ₹9.32 Cr ₹3.9 Lakh ₹15.7 Lakh
Exceptional Items ₹33 Lakh ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹36 Lakh ₹3 Lakh ₹38.9 Lakh ₹86.3 Lakh ₹70.1 Lakh ₹9.32 Cr ₹3.9 Lakh ₹15.7 Lakh
Total Tax Expense -₹6 Lakh -₹2 Lakh ₹7.8 Lakh ₹20.2 Lakh -₹74.2 Lakh ₹5 Lakh ₹20,000 -₹20,000
Net Profit ₹42 Lakh ₹5 Lakh ₹31.1 Lakh ₹66.1 Lakh ₹1.44 Cr ₹9.27 Cr ₹3.7 Lakh ₹15.9 Lakh
Other Comprehensive Income ₹49 Lakh ₹60 Lakh -₹9.6 Lakh -₹4.5 Lakh ₹33.2 Lakh ₹0 ₹10,000 ₹0
Total Comprehensive Income ₹91 Lakh ₹65 Lakh ₹21.5 Lakh ₹61.6 Lakh ₹1.78 Cr ₹9.27 Cr ₹3.8 Lakh ₹15.9 Lakh
EBITDA (computed) ₹44 Lakh ₹42 Lakh ₹64.9 Lakh ₹94.6 Lakh ₹77 Lakh ₹9.38 Cr ₹9.9 Lakh ₹22 Lakh
Basic EPS ₹2.45 ₹1.11 ₹8.18 ₹17.11 ₹36.75 ₹236.54 ₹0.94 ₹3.91
Diluted EPS ₹10.85 ₹1.11 ₹8.18 ₹17.11 ₹36.75 ₹236.54 ₹0.94 ₹3.91
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 FY 2019
Total Assets ₹31.68 Cr ₹33.48 Cr ₹31.86 Cr ₹31.15 Cr ₹29.85 Cr ₹27.52 Cr ₹18.62 Cr ₹19.05 Cr
Non-current Assets ₹26.59 Cr ₹25.78 Cr ₹24.98 Cr ₹12.76 Cr ₹13.9 Cr ₹1.7 Cr ₹3.97 Cr ₹3.98 Cr
Current Assets ₹5.09 Cr ₹7.7 Cr ₹6.87 Cr ₹18.4 Cr ₹15.95 Cr ₹25.82 Cr ₹14.65 Cr ₹15.06 Cr
Property, Plant & Equipment ₹28 Lakh ₹80 Lakh ₹61.6 Lakh ₹30 Lakh ₹32.8 Lakh ₹37 Lakh ₹37.1 Lakh ₹36.8 Lakh
Inventories ₹0 ₹2.66 Cr ₹2.18 Cr ₹2.47 Cr ₹2.11 Cr ₹1.75 Cr ₹2.75 Cr ₹2.76 Cr
Trade Receivables ₹0 ₹1.61 Cr ₹1.06 Cr ₹2.29 Cr ₹1.13 Cr ₹1.43 Cr ₹81.1 Lakh ₹88 Lakh
Cash & Equivalents ₹4 Lakh ₹9 Lakh ₹20.2 Lakh ₹1.73 Cr ₹27.1 Lakh ₹20 Lakh ₹31.9 Lakh ₹38 Lakh
Equity (Net Worth) ₹31.39 Cr ₹30.47 Cr ₹29.87 Cr ₹29.13 Cr ₹28.53 Cr ₹26.75 Cr ₹17.46 Cr ₹17.53 Cr
Equity Share Capital ₹39 Lakh ₹39 Lakh ₹39.2 Lakh ₹39.2 Lakh ₹39.2 Lakh ₹39 Lakh ₹39.2 Lakh ₹39.2 Lakh
Borrowings (Non-current) ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹8 Lakh ₹0
Borrowings (Current) ₹0 ₹0 ₹0 ₹0 ₹0 ₹8 Lakh ₹0 ₹0
Total Debt (computed) ₹0 ₹0 ₹0 ₹0 ₹0 ₹8 Lakh ₹8 Lakh ₹0
Current Liabilities ₹15 Lakh ₹1.29 Cr ₹1.62 Cr ₹2 Cr ₹1.29 Cr ₹74 Lakh ₹85.8 Lakh ₹1.53 Cr
Total Liabilities ₹29 Lakh ₹3.01 Cr ₹1.98 Cr ₹2.02 Cr ₹1.32 Cr ₹77 Lakh ₹1.16 Cr ₹1.52 Cr
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow -₹2.31 Cr ₹4 Lakh ₹4.11 Cr ₹4.4 Cr ₹13.58 Cr
Investing Cash Flow ₹2.27 Cr -₹1.03 Cr -₹6.65 Cr -₹2.68 Cr -₹14.01 Cr
Financing Cash Flow ₹0 ₹1.19 Cr ₹1 Cr -₹36 Lakh -₹57 Lakh
Capital Expenditure ₹0 ₹32 Lakh ₹0 ₹0 ₹0
Free Cash Flow (computed) -₹2.31 Cr -₹28 Lakh ₹4.11 Cr ₹4.4 Cr ₹13.58 Cr
Dividends Paid ₹0 ₹0 ₹0 ₹0 ₹0
Net Change in Cash -₹4 Lakh ₹20 Lakh -₹1.54 Cr ₹1.36 Cr -₹99.9 Lakh
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25
Revenue from Operations ₹6.31 Cr ₹1.5 Cr ₹2.2 Cr ₹2.88 Cr ₹3.76 Cr ₹3.49 Cr ₹2.48 Cr ₹2.2 Cr
Other Income ₹25 Lakh ₹9 Lakh ₹12 Lakh ₹12 Lakh ₹65 Lakh ₹17 Lakh ₹1 Lakh ₹8 Lakh
Total Income ₹6.56 Cr ₹1.59 Cr ₹2.32 Cr ₹3 Cr ₹4.41 Cr ₹3.66 Cr ₹2.49 Cr ₹2.28 Cr
Cost of Materials Consumed ₹3.18 Cr ₹1.16 Cr ₹1.3 Cr ₹1.68 Cr ₹1.77 Cr ₹2.14 Cr ₹2.03 Cr ₹1.2 Cr
Purchases of Stock-in-Trade ₹0 ₹2 Lakh ₹0 ₹0 ₹0 ₹0 ₹7 Lakh ₹0
Changes in Inventories ₹87 Lakh -₹15 Lakh ₹17 Lakh -₹5 Lakh ₹1.07 Cr -₹52 Lakh -₹1.07 Cr ₹18 Lakh
Employee Benefit Expense ₹44 Lakh ₹41 Lakh ₹29 Lakh ₹33 Lakh ₹60 Lakh ₹54 Lakh ₹22 Lakh ₹31 Lakh
Finance Costs ₹6 Lakh ₹4 Lakh ₹7 Lakh ₹9 Lakh ₹7 Lakh ₹12 Lakh ₹6 Lakh ₹2 Lakh
Depreciation & Amortisation ₹4 Lakh ₹4 Lakh ₹4 Lakh ₹4 Lakh ₹4 Lakh ₹7 Lakh ₹3 Lakh ₹3 Lakh
Other Expenses ₹1.51 Cr ₹37 Lakh ₹47 Lakh ₹1.03 Cr ₹62 Lakh ₹1.49 Cr ₹1.17 Cr ₹50 Lakh
Total Expenses ₹6.1 Cr ₹1.89 Cr ₹2.34 Cr ₹3.12 Cr ₹4.17 Cr ₹3.84 Cr ₹2.51 Cr ₹2.24 Cr
Profit Before Exceptional Items & Tax ₹46 Lakh -₹30 Lakh -₹2 Lakh -₹12 Lakh ₹24 Lakh -₹18 Lakh -₹2 Lakh ₹4 Lakh
Exceptional Items ₹33 Lakh ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹79 Lakh -₹30 Lakh -₹2 Lakh -₹12 Lakh ₹24 Lakh -₹18 Lakh -₹2 Lakh ₹4 Lakh
Total Tax Expense ₹18 Lakh -₹11 Lakh -₹10 Lakh -₹3 Lakh ₹3 Lakh -₹4 Lakh -₹1 Lakh ₹1 Lakh
Net Profit ₹61 Lakh -₹19 Lakh ₹8 Lakh -₹9 Lakh ₹21 Lakh -₹14 Lakh -₹1 Lakh ₹3 Lakh
Other Comprehensive Income -₹36 Lakh ₹85 Lakh ₹58 Lakh ₹2 Lakh ₹7 Lakh -₹6 Lakh ₹58 Lakh ₹0
Total Comprehensive Income ₹25 Lakh ₹66 Lakh ₹66 Lakh -₹7 Lakh ₹28 Lakh -₹20 Lakh ₹57 Lakh ₹3 Lakh
EBITDA (computed) ₹56 Lakh -₹22 Lakh ₹9 Lakh ₹1 Lakh ₹35 Lakh ₹1 Lakh ₹7 Lakh ₹9 Lakh
Basic EPS ₹7.18 ₹-4.85 ₹1.93 ₹-2.21 ₹0.87 ₹-3.70 ₹0.46 ₹0.64
Diluted EPS ₹15.64 ₹-4.85 ₹1.93 ₹-2.21 ₹0.87 ₹-3.70 ₹0.46 ₹0.64
Latest 8 quarters shown.
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Shareholding Pattern of Nirav Commercials Limited

As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 51.95%, retail and other public shareholders hold 48.05% of Nirav Commercials Limited. The company had 1,273 shareholders on record.

Promoters: 51.95%Retail & Others: 48.05%
Mar 2026
QUARTER
51.95% Promoters
48.05% Retail & Others
Promoter holding - history
Now 51.95% · Mar 2026High 51.95% · Jun 2023Low 51.95% · Jun 2023
50%50.8%51.5%52.3%53%Jun 2023Dec 2023Jun 2024Dec 2024Jun 2025Dec 2025Jun 2023: 51.95%Sep 2023: 51.95%Dec 2023: 51.95%Mar 2024: 51.95%Jun 2024: 51.95%Sep 2024: 51.95%Dec 2024: 51.95%Mar 2025: 51.95%Jun 2025: 51.95%Sep 2025: 51.95%Dec 2025: 51.95%Mar 2026: 51.95%51.95%51.95%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters51.95%51.95%51.95%51.95%51.95%51.95%
Public48.05%48.05%48.05%48.05%48.05%48.05%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024
Promoters51.95%51.95%51.95%
Public48.05%48.05%48.05%
Promoter change (YoY, %pts)+0.00+0.00-

Charges & Borrowings of Nirav Commercials Limited

Open charges
₹3.49 Cr
Satisfied charges
₹0
Breakdown by lending institutions
Hdfc Bank Limited₹3.23 Cr
State Bank of India₹0.26 Cr
Latest charge details
DateLenderAmountStatus
17 Aug 2023 Hdfc Bank Limited ₹3 Cr Open
29 May 2023 Hdfc Bank Limited ₹23.07 Lakh Open
18 Jan 2002 State Bank of India ₹26 Lakh Open

Total charge records: 3 View all charges

Employees and EPFO Compliance at Nirav Commercials Limited

Nirav Commercials Limited has a workforce of 10 employees as of Apr 05, 2024.

Employee count
10
Active EPFO establishments
1
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Employee and EPFO history for Nirav Commercials Limited

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GST Compliance of Nirav Commercials Limited

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Credit Ratings, Litigation & Regulatory Alerts for Nirav Commercials Limited

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Credit ratings, litigation, and regulatory alerts for Nirav Commercials Limited

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MSME Payment Delays by Nirav Commercials Limited

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MSME payment history for Nirav Commercials Limited

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Subsidiaries & Group Companies of Nirav Commercials Limited

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Corporate group structure for Nirav Commercials Limited

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MCA Filings & Documents of Nirav Commercials Limited

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MCA filings and documents for Nirav Commercials Limited

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Recent Activity on Nirav Commercials Limited

Activity
02 Sep 2025
Nirav Commercials Limited last Annual general meeting of members was held on 02 Sep 2025 as per latest MCA records.
Activity
31 Mar 2025
Nirav Commercials Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Charges
30 Oct 2023
A charge with Hdfc Bank Limited of Rs. 3.00 Cr registered on 17 Aug 2023 with Charge ID 100785722 was modified on 30 Oct 2023.
Charges
17 Aug 2023
A charge with Hdfc Bank Limited amounted to Rs. 3.00 Cr with Charge ID 100785722 was registered on 17 Aug 2023.
Charges
29 May 2023
A charge with Hdfc Bank Limited amounted to Rs. 0.23 Cr with Charge ID 100739111 was registered on 29 May 2023.
Directors
14 Aug 2019
Girish Kumar Agrawal was appointed as a CFO on 14 Aug 2019 & has been associated with this company since 6 years 11 months.

Frequently Asked Questions about Nirav Commercials Limited

Nirav Commercials Limited is an active public limited company in the manufacturing sector based in Mumbai, Maharashtra, India. It was incorporated on 27 June 1985 (41+ years old) and is registered under CIN L51900MH1985PLC036668. Listed on BSE: 512425. The company has 10 employees.

Nirav Commercials Limited reported revenue of ₹12.89 Cr for FY 2026 (up 32.48% YoY) based on standalone BSE filings.

The current directors of Nirav Commercials Limited are:

The primary industry of Nirav Commercials Limited is manufacturing. The company specifically operates in construction materials. The company is currently active in this sector.

Yes. Nirav Commercials Limited is listed on BSE with code 512425.

Nirav Commercials Limited can be reached at the registered office: B – 1 Tulsi Vihar, Dr. Ab Road Worli Naka, Mumbai, Maharashtra, India – 400018, or through the website associatedgroup.com.

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