MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-OD-30-0002947
Panesar Steel and Power Limited - manufacturing in Orissa Sundargarh, Odisha, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹246.87 Cr
▲ 18% YoY
Net profit · FY 2024
₹74.68 Lakh
Net margin 0.3%
EBITDA · FY 2024
₹8.13 Cr
EBITDA margin 3.3%
Authorised capital
₹4 Cr
Registered with MCA
Paid-up capital
₹3.09 Cr
Issued & subscribed
Open charges
₹103.93 Cr
Secured borrowings
Company age
21 yrs
Est. 2005
Employees · EPFO
22
Provident fund records
About Panesar Steel and Power Limited
Data last updated:
Panesar Steel and Power Limited is a public limited company based in Orissa Sundargarh, Odisha, India. It operates in the pipe and tubes segment of the manufacturing sector. It was incorporated on 21 March 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U27104OR2005PLC008079. Its GSTIN is 21AADCP6927H1ZI (Odisha).
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹3.09 Cr. It is led by directors including Prabhjot Singh and Gagandeep Singh Panesar.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 75A Kalunga Industrial Estatep O Kalunga, Orissa Sundargarh, Odisha, India – 770031.
As per the financials filed for FY 2024, the company reported a revenue of ₹246.87 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹74.68 Lakh (net margin 0.3%) and EBITDA of ₹8.13 Cr (EBITDA margin 3.3%). Revenue has grown at a compounded annual rate (CAGR) of 175% over three years and 258% over five years.
The company has about 22 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹103.93 Cr on record. Court records list 10 cases involving the company, including 7 filed by the company and 3 filed against it; 10 cases are pending.
Panesar Steel and Power Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-OD-30-0002947). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website panesarsteel.com.
Company details
CIN U27104OR2005PLC008079
Registration Number 008079
Incorporation Date 21 March 2005
ROC Cuttack
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-OD-30-0002947
Recognitions & Rankings of Panesar Steel and Power
Contact details
Panesar Steel and Power Limited's registered office is in Orissa Sundargarh, Odisha. Its website is panesarsteel.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address75A Kalunga Industrial Estatep O Kalunga, Orissa Sundargarh, Odisha, India – 770031
- IndustryManufacturing, Pipe & Tubes
To see the full contact details of Panesar Steel and Power Limited, buy the company report.
Comprehensive company report
Panesar Steel and Power Limited - one report that includes everything
- 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
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Business activity
The main business activities of Panesar Steel and Power are manufacturing and trade. In detail, this covers metal and metal products and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Panesar Steel and Power Limited, buy the company report.
Financials of Panesar Steel and Power Limited
FY 2024 filings availablePanesar Steel and Power Limited reported revenue of ₹246.87 Cr (up 18% YoY) for FY 2024.
Revenue · FY 2024
₹246.87 Cr ▲ 18%
Net profit · FY 2024
₹74.68 Lakh margin 0.3%
EBITDA · FY 2024
₹8.13 Cr margin 3.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 18%
3 years · compounded
▲ 175%
5 years · compounded
▲ 258%
EBITDA CAGR growth
1 year
▲ 62%
3 years · compounded
▲ 93%
5 years · compounded
▲ 90%
Revenue has grown at a compounded annual rate (CAGR) of 258% over five years, including 18% growth in the latest year. EBITDA rose 62% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹8.13 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹74.68 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.3% | ||||
| Net Profit Margin | 0.3% | ||||
| 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 Panesar Steel and Power Limited, buy the company report.
Board of directors of Panesar Steel and Power Limited
Panesar Steel and Power has 9 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prabhjot Singh Also directs: Bamdeb Agro Private Limited | Director | 11 Nov 2019 | 6 Years 11 Months | Current |
| Gagandeep Singh Panesar | Director | 11 Nov 2019 | 6 Years 11 Months | Current |
| Prabhjit Singh Panesar | Director | 11 Nov 2019 | 6 Years 11 Months | Current |
| Sanjay Sharma Kumar Also directs: Span Ispat Profiles Private Limited | Director | 31 Mar 2023 | 3 Years 7 Months | Current |
| Paramjit Kaur Panesar Also directs: Bamdeb Agro Private Limited, Indersons Academy Private Limited | Director | 11 Nov 2019 | 6 Years 11 Months | Current |
| Manjit Singh Panesar Also directs: Bamdeb Agro Private Limited, Utkal Metallics Limited | Director | 21 Mar 2005 | 21 Years 7 Months | Current |
Showing 6 of 9 current directors. View all directors
Peer comparison
Panesar Steel and Power Limited is compared with the 7 companies closest to it by revenue in the Manufacturing industry (Pipes, Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Indoves Industrial Private Limited | ₹248 Cr (FY 2025) | 3.0% | Kolkata, West Bengal, India | |||
| Global Seamless Tubes & Pipes Private Limited | ₹247.96 Cr (FY 2025) | -3.0% | Kolkata, West Bengal, India | |||
| Jindal Rolling Mills Private Limited | ₹247.89 Cr (FY 2025) | 3.0% | Haryana, India | |||
| Maa Shakambari Steel Limited | ₹247.34 Cr (FY 2025) | 13.0% | Kolkata, West Bengal, India | |||
| Mahamaya Sponge Iron Private Limited | ₹246.92 Cr (FY 2025) | 92.0% | Raipur, Chhattisgarh, India | |||
| Panesar Steel and Power Limitedthis company | ₹246.87 Cr (FY 2024) | ₹74.68 Lakh | 0.3% | 18.0% | 22 | Orissa Sundargarh, Odisha, India |
| Nilanjan Iron Private Limited | ₹246.85 Cr (FY 2025) | -6.0% | Margao, Goa, India | |||
| Shree Radhey Radhey Ispat Private Limited | ₹245.95 Cr (FY 2025) | -40.0% | Kanpur, Uttar Pradesh, India |
To see the full peer comparison of Panesar Steel and Power Limited, buy the company report.
Auditor
Panesar Steel and Power Limited is audited by DM ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DM ASSOCIATES | FY 2023 | 320306E |
Shareholding
The shareholding of Panesar Steel and Power 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Panesar Steel and Power Limited, buy the company report.
Charges & borrowings
Open charges
₹103.93 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 May 2024 | 100954213 | Hdfc Bank Limited | ₹36.8 Cr | Open | |
| 09 Feb 2022 | 100568450 | Hdfc Bank Limited | ₹24 Cr | Open | |
| 22 Nov 2021 | 100519435 | Hdfc Bank Limited | ₹17.5 Lakh | Open | |
| 09 Jun 2020 | 100363738 | Canara Bank | ₹42.72 Cr | Open | |
| 25 Apr 2018 | 100212269 | Hdfc Bank Limited | ₹23.75 Lakh | Open |
To see the full charge records of Panesar Steel and Power Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Panesar Steel and Power Limited has 10 court cases on record: 7 filed by Panesar Steel and Power, 3 filed against it. All cases are pending.
Total cases
10
Filed by the company
7
Filed against the company
3
Pending
10
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 3 | 10 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Sundargarh, Odisha | Civil suit | Filed by the company against M/S Vrindavan Ferro Tech Pvt Ltd | Pending |
| District court, Sundargarh, Odisha | Civil suit | Filed by the company against an individual | Pending |
| District court, Sundargarh, Odisha | Court case (1(c)cc) | Filed by the company against individuals | Pending |
| District court, Sundargarh, Odisha | Civil suit | Filed by the company against M/S Soubhagya Vinimay Pvt Ltd | Pending |
| District court, Raipur, Chhattisgarh | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Panesar Steel and Power 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 Panesar Steel and Power Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Panesar Steel and Power Limited has a workforce of 22 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
22
Active EPFO establishments
1
Employee growth
-33.33%
GST
Panesar Steel and Power has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AADCP6927H1ZI | Odisha | Active | 02 Sep 2019 |
To see the full GST registrations and return filing status of Panesar Steel and Power Limited, buy the company report.
Recent activity
Panesar Steel and Power Limited has 11 board changes on record since 2005: 9 appointments and 2 cessations. The latest: Laxmikanta Sharma was appointed as Director on 31 Mar 2023.
AGM
Panesar Steel And Power Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 36.80 Cr with Charge ID 100954213 was registered on 08 May 2024.
Filing
Panesar Steel And Power Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Cuttack.
Charges
A charge with Canara Bank of Rs. 42.72 Cr registered on 09 Jun 2020 with Charge ID 100363738 was modified on 26 Jun 2023.
Appointed
Laxmikanta Sharma was appointed as Director.
Appointed
Sanjay Sharma Kumar was appointed as Director.
Ceased
Makhan Singh Panesar ceased to be Director.
Ceased
Ratandeep Singh Panesar ceased to be Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 24.00 Cr with Charge ID 100568450 was registered on 09 Feb 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.18 Cr with Charge ID 100519435 was registered on 22 Nov 2021.
Charges
A charge with Canara Bank amounted to Rs. 42.72 Cr with Charge ID 100363738 was registered on 09 Jun 2020.
Appointed
Dilraj Kaur Panesar was appointed as Director.
8 earlier events are in the company report.
Frequently asked questions
Panesar Steel and Power is an active public limited company based in Orissa Sundargarh, Odisha, India. The company works in pipe and tubes, within the manufacturing industry. It was incorporated on 21 March 2005 (21+ years old) and is registered under CIN U27104OR2005PLC008079.
Panesar Steel and Power has 9 current directors:
- Prabhjot Singh - Director
- Gagandeep Singh Panesar - Director
- Prabhjit Singh Panesar - Director
- Sanjay Sharma Kumar - Director
- Paramjit Kaur Panesar - Director
- Manjit Singh Panesar - Director
- Dilraj Kaur Panesar - Director
- Sarabjit Singh Panesar - Director
- Laxmikanta Sharma - Director
The latest financial statements of Panesar Steel and Power on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Panesar Steel and Power is 21AADCP6927H1ZI, registered in Odisha.
The CIN (Corporate Identification Number) of Panesar Steel and Power is U27104OR2005PLC008079. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Panesar Steel and Power has 10 court cases on record: 7 filed by the company and 3 filed against it. 10 are pending.
Panesar Steel and Power was incorporated on 21 March 2005, making it 21+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Panesar Steel and Power by revenue are Indoves Industrial Private Limited, Global Seamless Tubes & Pipes Private Limited, Jindal Rolling Mills Private Limited, Maa Shakambari Steel Limited, Mahamaya Sponge Iron Private Limited and 2 more, all in the Manufacturing industry (Pipes, Steel), with the same principal business activity (metal and metal products).
Laxmikanta Sharma was appointed as Director on 31 Mar 2023. Sanjay Sharma Kumar was appointed as Director on 31 Mar 2023. Makhan Singh Panesar ceased to be Director on 01 Aug 2022. Panesar Steel and Power has 11 board changes on record in total.
Yes, Panesar Steel and Power is registered as a medium enterprise under Udyam registration (number: UDYAM-OD-30-0002947).
Panesar Steel and Power can be reached through the website panesarsteel.com. Its registered office is in Orissa Sundargarh, Odisha, India.
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