About Oswal Spinning Limited
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Oswal Spinning Limited is a public limited company based in Ludhiana, Punjab, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 09 June 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U00000PB1983PLC005469. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹18.41 Lakh. It was formerly known as Oswal Industries Ltd and Oswal Industries Pvt Ltd. It is led by directors including Raj Paul Oswal (Managing Director) and Satish Oswal.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Plot No. 92 Oswal Road Industrial Area – A, Ludhiana, Punjab, India – 141003.
As per the financials filed for FY 2019, the company reported a revenue of ₹13.46 Lakh, a decline of 23% compared to the previous year. For the same year it recorded a net loss of ₹2.31 Lakh (net margin -17.2%) and EBITDA of ₹29,704 (EBITDA margin 2.2%). Revenue has declined at a compounded annual rate (CAGR) of 64% over three years.
The company is associated with 2 brands: Oswal Valves and Oswal Cotton. As per MCA filings, the company has open charges of ₹19.48 Cr on record. Court records list 11 cases involving the company, including 4 filed by the company and 7 filed against it; 2 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 oswalcotton.com.
Company details
Name history
Oswal Spinning has undergone 2 name changes throughout its history. The company was previously known as Oswal Industries Ltd, and Oswal Industries Pvt Ltd. The current legal name is Oswal Spinning Limited.
| Company Name | Status |
|---|---|
| Oswal Spinning Limited | Current |
| Oswal Industries Ltd | Previous |
| Oswal Industries Pvt Ltd | Previous |
CIN history
Oswal Spinning has one previous CIN (Corporate Identification Number): U00000PB1983PTC005469. The current CIN is U00000PB1983PLC005469, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U00000PB1983PLC005469 | Current |
| U00000PB1983PTC005469 | Previous |
Contact details
Oswal Spinning Limited's registered office is in Ludhiana, Punjab. Its website is oswalcotton.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPlot No. 92 Oswal Road Industrial Area – A, Ludhiana, Punjab, India – 141003
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Oswal Spinning 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
Oswal Spinning operates two associated brands: Oswal Valves and Oswal Cotton. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Design and manufacturer of industrial valves | oswalvalves.com | |
| Knitting and garments are manufactured by Oswal Cotton in India. | oswalcotton.com |
Business activity
The main business activity of Oswal Spinning is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Oswal Spinning Limited, buy the company report.
Financials of Oswal Spinning Limited
FY 2019 filings availableOswal Spinning Limited reported revenue of ₹13.46 Lakh (down 23% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 64% over three years, including a 23% fall in the latest year. EBITDA fell 83% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹13.46 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹29,704 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.31 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
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.2% | ||||
| Net Profit Margin | -17.2% | ||||
| 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 | |||||
To see the full financial statements and ratios of Oswal Spinning Limited, buy the company report.
Board of directors of Oswal Spinning Limited
Oswal Spinning has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Satish Oswal Also directs: Oswal Worsted Spinners Limited, Oswal Cottex Exports Limited, Rajen and Santosh Private Ltd and 4 more | Director | 04 Apr 1999 | 27 Years 6 Months | Current |
| Taru Oswal Also directs: Osia Textiles Private Limited, Oswal Impex Private Limited | Director | 30 Mar 2013 | 13 Years 7 Months | Current |
| Raj Paul Oswal Also directs: Oswal Worsted Spinners Limited, Oswal Cottex Exports Limited, Rajen and Santosh Private Ltd and 1 more | Managing Director | 01 Jul 1998 | 28 Years 3 Months | Current |
Peer comparison
Oswal Spinning Limited is compared with the 3 companies closest to it by revenue in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Oswal Spinning Limitedthis company | ₹13.46 Lakh (FY 2019) | -₹2.31 Lakh | -17.2% | -23.0% | Ludhiana, Punjab, India | |
| Ishwar Distributors Private Limited | ₹13.42 Lakh (FY 2023) | -4.0% | Kolkata, West Bengal, India | |||
| Kailash Bhagwati Associates Private Limited | ₹13.41 Lakh (FY 2024) | -72.0% | Surat, Gujarat, India | |||
| Sahraj Fragrances Private Limited | ₹13.4 Lakh (FY 2025) | -88.0% | New Delhi, Delhi, India |
To see the full peer comparison of Oswal Spinning Limited, buy the company report.
Auditor
Oswal Spinning Limited is audited by GARG S KUMAR & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GARG S KUMAR & ASSOCIATES | FY 2019 | 016638N |
Shareholding
The shareholding of Oswal Spinning Limited is on record for 5 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Oswal Spinning Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Nov 2005 | 80019634 | Uco Bank | ₹19.48 Cr | Open |
To see the full charge records of Oswal Spinning Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Oswal Spinning Limited has 11 court cases on record: 4 filed by Oswal Spinning, 7 filed against it. 2 cases are pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 6 | 1 |
| High courts | 2 | 0 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SHIVAMOGGA, Karnataka | Civil suit | Filed against the company by Ms Shiva Sai Cast Pvt. Ltd. Shimoga Represented by Its Director Sumanth M. | Pending |
| District court, SHIVAMOGGA, Karnataka | Civil suit | Filed against the company by Ms Shiva Sai Cast Pvt., Ltd. by Its Director | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against individuals | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against individuals | Disposed |
To see the full case history of Oswal Spinning 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
No delayed payments to MSME suppliers are on our record for Oswal Spinning Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Oswal Spinning has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Oswal Spinning Limited, buy the company report.
Recent activity
Oswal Spinning Limited has 5 board changes on record since 1998: 3 appointments and 2 cessations. The latest: Taru Oswal ceased to be Additional Director on 30 Sep 2013.
Frequently asked questions
Oswal Spinning is an active public limited company based in Ludhiana, Punjab, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 09 June 1983 (43+ years old) and is registered under CIN U00000PB1983PLC005469.
Oswal Spinning has 3 current directors:
- Raj Paul Oswal - Managing Director
- Satish Oswal - Director
- Taru Oswal - Director
The latest financial statements of Oswal Spinning on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
No. Oswal Spinning has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Oswal Spinning is U00000PB1983PLC005469. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Oswal Spinning has 11 court cases on record: 4 filed by the company and 7 filed against it. 2 are pending. Most are in the district courts.
Oswal Spinning was incorporated on 09 June 1983, making it 43+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Oswal Spinning by revenue are Ishwar Distributors Private Limited, Kailash Bhagwati Associates Private Limited, Sahraj Fragrances Private Limited, all in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading).
Taru Oswal ceased to be Additional Director on 30 Sep 2013. Anubhav Oswal ceased to be Director on 01 Apr 2013. Taru Oswal was appointed as Director on 30 Mar 2013. Oswal Spinning has 5 board changes on record in total.
Oswal Spinning can be reached through the website oswalcotton.com. Its registered office is in Ludhiana, Punjab, India.
The registered office of Oswal Spinning is at Plot No. 92 Oswal Road Industrial Area – A, Ludhiana, Punjab, India – 141003.
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