Nova Ispat Private Limited
About Nova Ispat Private Limited
Data last updated:
Nova Ispat Private Limited is a private limited company based in Indore, Madhya Pradesh, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 18 June 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U27101MP2009PTC022041. Its GSTIN is 23AADCN3577B1ZS (Madhya Pradesh).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Satnam Re-Rolling Mills Private Limited. It is led by directors Amardeep Vaswani and Suresh Kumar Vaswani.
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 Plot No. 206 A And B Sector F Industrial Area Sanwer Road, Indore, Madhya Pradesh, India – 452001.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.94 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net loss of ₹16.44 Lakh (net margin -4.2%) and EBITDA of -₹2.3 Lakh (EBITDA margin -0.6%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 3% over five years.
The company has about 24 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2.4 Cr and satisfied charges of ₹1.03 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressPlot No. 206 A And B Sector F Industrial Area Sanwer Road, Indore, Madhya Pradesh, India – 452001
- IndustryMetals and Minerals, Steel Manufacturing & Processing
- 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 Nova Ispat Private Limited
The main business activity of Nova Ispat 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 Nova Ispat Private Limited FY 2025 filings available
Nova Ispat Private Limited reported revenue of ₹3.94 Cr (down 12% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Nova Ispat Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 12% fall in the latest year. EBITDA fell 115% 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 Nova Ispat Private 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 | -₹2.3 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹16.44 Lakh | •••• | •••• | •••• | •••• |
| 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 Nova Ispat Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -0.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -4.2% | •••• | •••• | •••• | •••• |
| 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 Nova Ispat 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 Nova Ispat Private Limited
Nova Ispat Private Limited is compared with the companies closest to it by revenue in the Metals and Minerals industry (Steel). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Htilominlo Steel Private Limited | ₹3.96 Cr (FY 2025) | •••• | •••• | 602.0% | •••• | Haryana, India |
| Bipsi Blades and Turners Private Limited | ₹3.96 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | Mumbai, Maharashtra, India |
| Elcron Steel Private Limited | ₹3.95 Cr (FY 2025) | •••• | •••• | •••• | Indore, Madhya Pradesh, India | |
| Maharathi Steel Private Limited | ₹3.95 Cr (FY 2021) | •••• | •••• | -17.0% | •••• | New Delhi, Delhi, India |
| Om Shakti Steel & Galvanizers Private Limited | ₹3.95 Cr (FY 2025) | •••• | •••• | 86.0% | •••• | Panchmahal, Gujarat, India |
| Nova Ispat Private Limited this company | ₹3.94 Cr (FY 2025) | •••• | •••• | -12.0% | •••• | Indore, Madhya Pradesh, India |
| Vyttila Steel Private Limited | ₹3.94 Cr (FY 2025) | •••• | •••• | -95.0% | •••• | Kochi, Kerala, India |
| Multitech Heavy Engineering Private Limited | ₹3.93 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Bhopal, Madhya Pradesh, India |
| Meritt Steel Services Private Limited | ₹3.93 Cr (FY 2024) | •••• | •••• | 86.0% | •••• | Guttalabegumpet, Telangana, India |
| Eureka Iron and Energy Private Limited | ₹3.93 Cr (FY 2025) | •••• | •••• | -74.0% | •••• | Raigarh, Chhattisgarh, India |
| Glensco India Private Limited | ₹3.91 Cr (FY 2025) | •••• | •••• | 68.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Nova Ispat by revenue in the Metals and Minerals industry (Steel), 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 Nova Ispat Private Limited
Nova Ispat Private Limited is audited by AMIT SURANA & CO for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| AMIT SURANA & CO | 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 Nova Ispat Private Limited
Nova Ispat has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amardeep Vaswani | Director | 21 Mar 2022 | 4 Years 6 Months | Current |
| Suresh Kumar Vaswani | Director | 30 Mar 2019 | 7 Years 6 Months | Current |
Ownership and Shareholding of Nova Ispat Private 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 Nova Ispat Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Jun 2025 | Others | ₹1 Cr | Open |
| 10 Oct 2022 | Others | ₹1.4 Cr | Open |
| 28 Feb 2021 | Hdfc Bank Limited | ₹62 Lakh | Satisfied |
| 26 Mar 2012 | Vijaya Bank | ₹41 Lakh | Satisfied |
Total charge records: 4 View all charges
Employees and EPFO Compliance at Nova Ispat Private Limited
Nova Ispat Private Limited has a workforce of 24 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.
Recent Activity on Nova Ispat Private Limited
Nova Ispat Private Limited has 8 board changes on record since 2010: 2 appointments and 6 cessations. The latest: Dileep Kumar Vaswani ceased to be Director on 01 Apr 2022.
6 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Nova Ispat Private 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 Nova Ispat Private 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 Nova Ispat Private 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 Nova Ispat Private Limited
Nova Ispat has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AADCN3577B1ZS | Madhya Pradesh | 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 Nova Ispat Private 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 Nova Ispat Private Limited
Nova Ispat is an active private limited company based in Indore, Madhya Pradesh, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 18 June 2009 (17+ years old) and is registered under CIN U27101MP2009PTC022041.
Nova Ispat reported revenue of ₹3.94 Cr for FY 2025 (down 12% YoY).
Nova Ispat has 2 current directors:
- Amardeep Vaswani - Director
- Suresh Kumar Vaswani - Director
Nova Ispat reported a net loss of ₹16.44 Lakh (net margin -4.2%) and EBITDA of -₹2.3 Lakh (EBITDA margin -0.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Nova Ispat is 2% over three years and -3% over five years. In the latest year (FY 2025) revenue fell 12%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Nova Ispat is 23AADCN3577B1ZS, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Nova Ispat is U27101MP2009PTC022041. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nova Ispat was incorporated on 18 June 2009, making it 17+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Nova Ispat by revenue are Htilominlo Steel Private Limited, Bipsi Blades and Turners Private Limited, Elcron Steel Private Limited, Maharathi Steel Private Limited, Om Shakti Steel & Galvanizers Private Limited and 5 more, all in the Metals and Minerals industry (Steel).
Dileep Kumar Vaswani ceased to be Director on 01 Apr 2022. Amardeep Vaswani was appointed as Director on 21 Mar 2022. Suresh Kumar Vaswani was appointed as Director on 30 Mar 2019. Nova Ispat has 8 board changes on record in total.
The registered office of Nova Ispat is at Plot No. 206 A And B Sector F Industrial Area Sanwer Road, Indore, Madhya Pradesh, India – 452001.