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.
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Registered AddressB – 1 Tulsi Vihar, Dr. Ab Road Worli Naka, Mumbai, Maharashtra, India – 400018
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IndustryManufacturing, Construction Materials
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
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 |
Business activity turnover details for Nirav Commercials Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
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.
| 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
Also directs:
Organic Biosystems Llp, Daga Rubber Works Private Limited, Associated Non-Ferrous Metals Pvt Ltd and 5 more
|
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.
| 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 |
| 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 |
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.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 51.95% | 51.95% | 51.95% | 51.95% | 51.95% | 51.95% |
| Public | 48.05% | 48.05% | 48.05% | 48.05% | 48.05% | 48.05% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 51.95% | 51.95% | 51.95% |
| Public | 48.05% | 48.05% | 48.05% |
| Promoter change (YoY, %pts) | +0.00 | +0.00 | - |
Charges & Borrowings of Nirav Commercials Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 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 and EPFO history for Nirav Commercials Limited
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GST Compliance of Nirav Commercials Limited
GST registrations and filing compliance for Nirav Commercials Limited
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Credit Ratings, Litigation & Regulatory Alerts for Nirav Commercials Limited
Credit ratings, litigation, and regulatory alerts for Nirav Commercials Limited
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MSME Payment Delays by Nirav Commercials Limited
MSME payment history for Nirav Commercials Limited
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Subsidiaries & Group Companies of Nirav Commercials Limited
Corporate group structure for Nirav Commercials Limited
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MCA Filings & Documents of Nirav Commercials Limited
MCA filings and documents for Nirav Commercials Limited
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Recent Activity on Nirav Commercials Limited
Recent News on Nirav Commercials Limited
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:
- Santosh Mundhra - Director
- Lalit Kumar Daga - Director
- Raghav Daga - Managing Director
- Navinchandra Himchand Shah - Director
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.