Phoenix Power Products Limited
About Phoenix Power Products Limited
Data last updated:
Phoenix Power Products Limited is a public limited company based in Chennai, Tamil Nadu, India, a subsidiary of Victory Transformers & Switchgears Limited. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 11 December 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U31909TN2003PLC077765. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹97.8 Lakh. It is led by directors including Manoj Vaddineni and Mahendra Kumar Vaddineni.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at #850/64B T.H.Road Near Royal Enfield Thiruvotriyur, Chennai, Tamil Nadu, India – 600019.
As per the financials filed for FY 2021, the company reported a revenue of ₹12.19 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹8.3 Lakh (net margin -68.1%) and EBITDA of ₹12.03 Lakh (EBITDA margin 98.7%). Revenue has declined at a compounded annual rate (CAGR) of 14% over three years and 5% over five years.
As per MCA filings, the company has open charges of ₹112.15 Cr and satisfied charges of ₹6 Cr on record. Court records list 5 cases involving the company, including 5 filed by the company; 1 case is pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN history
Phoenix Power Products has one previous CIN (Corporate Identification Number): U31909AP2003PLC042212. The current CIN is U31909TN2003PLC077765, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31909TN2003PLC077765 | Current |
| U31909AP2003PLC042212 | Previous |
Contact details
Phoenix Power Products Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered Address#850/64B T.H.Road Near Royal Enfield Thiruvotriyur, Chennai, Tamil Nadu, India – 600019
- IndustryInfrastructure and Utilities, General Construction Services
To see the full contact details of Phoenix Power Products 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
Financials of Phoenix Power Products Limited
FY 2021 filings availablePhoenix Power Products Limited reported revenue of ₹12.19 Lakh (up 5870% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 5% over five years. EBITDA rose 152% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹12.19 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹12.03 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹8.3 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 98.7% | ||||
| Net Profit Margin | -68.1% | ||||
| 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 Phoenix Power Products Limited, buy the company report.
Board of directors of Phoenix Power Products Limited
Phoenix Power Products has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manoj Vaddineni | Director | 24 Nov 2008 | 17 Years 11 Months | Current |
| Mahendra Kumar Vaddineni Also directs: Haiya Service Foundation | Director | 24 Nov 2008 | 17 Years 11 Months | Current |
| Devasena Vaddineni | Director | 11 Dec 2003 | 22 Years 10 Months | Current |
Auditor
Phoenix Power Products Limited is audited by C DINESH & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C DINESH & ASSOCIATES | FY 2021 | 023512S |
Shareholding
The shareholding of Phoenix Power Products Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Phoenix Power Products Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Dec 2009 | 10203055 | Bank of Baroda | ₹3.9 Cr | Open | |
| 21 Feb 2009 | 10149605 | Bank of Baroda | ₹107.9 Cr | Open | |
| 14 Aug 2004 | 90128642 | State Bank of India | ₹35 Lakh | Open | |
| 07 Sep 2007 | 10072866 | Axis Bank Limited | ₹6 Cr | Satisfied |
To see the full charge records of Phoenix Power Products Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Phoenix Power Products Limited has 5 court cases on record: 5 filed by Phoenix Power Products. 1 case is pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 0 | 1 |
| District courts | 1 | 0 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Hyderabad CCC, Telangana | Civil suit | Filed by the company against M/S. Victory Electricals Limited and 1 other | Disposed |
| High Court, TELANGANA | Writ petition | Filed by the company against The Regional Provident Fund Commissionwer and 2 others | Pending |
| High Court, TELANGANA | Writ petition | Filed by the company against State of Telengana, and 2 others | Disposed |
| High Court, TELANGANA | Writ petition | Filed by the company against State of Telangana, Rep.By Principal Secretary, and 3 others | Disposed |
| High Court, TELANGANA | Writ petition | Filed by the company against The State of Telangana and 1 other | Disposed |
To see the full case history of Phoenix Power Products 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 Phoenix Power Products Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Phoenix Power Products 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 Phoenix Power Products Limited, buy the company report.
Recent activity
Phoenix Power Products Limited has 7 board changes on record since 2003: 3 appointments and 4 cessations. The latest: Guttikonda Jyothsna ceased to be Director on 11 Jan 2011.
4 earlier events are in the company report.
Frequently asked questions
Phoenix Power Products is an active public limited company based in Chennai, Tamil Nadu, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 11 December 2003 (23+ years old) and is registered under CIN U31909TN2003PLC077765.
Phoenix Power Products has 3 current directors:
- Manoj Vaddineni - Director
- Mahendra Kumar Vaddineni - Director
- Devasena Vaddineni - Director
The latest financial statements of Phoenix Power Products on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
No. Phoenix Power Products has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Phoenix Power Products is U31909TN2003PLC077765. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Phoenix Power Products has 5 court cases on record: 5 filed by the company. 1 is pending. Most are in the high courts.
Phoenix Power Products was incorporated on 11 December 2003, making it 23+ years old. It is registered with the Registrar of Companies, Chennai.
Guttikonda Jyothsna ceased to be Director on 11 Jan 2011. Vaddineni Savitri Naidu ceased to be Director on 11 Jan 2011. Mahendra Kumar Vaddineni was appointed as Director on 24 Nov 2008. Phoenix Power Products has 7 board changes on record in total.
The registered office of Phoenix Power Products is at #85064B T.H.Road Near Royal Enfield Thiruvotriyur, Chennai, Tamil Nadu, India – 600019.
Phoenix Power Products operates in the infrastructure and utilities industry, in the general construction services segment.