Quest Flow Controls Limited - metal & minerals in Khed, Maharashtra, India. FY 2026 financials & compliance.
CIN L29299PN2016PLC255620 Incorporated 18 August 2016 ROC Pune HQ Khed, Maharashtra, India
Active Listed Public Limited Company metal and minerals
Data last updated
Market Cap
₹168 Cr
QUESTFLOW · BSE
Share Price
₹170.90
+4.40% today
Revenue
₹62.36 Cr
FY 2025-26 · -7.2% YoY
EBITDA
−₹2.53 Cr
Margin -4.1%
Net Profit
−₹3.40 Cr
FY 2025-26 · -150.1% YoY
Debt / Equity
0.07
Interest cover -8.9x
Authorised capital
₹12 Cr
Registered with MCA
Paid-up capital
₹10.26 Cr
Issued & subscribed

About Quest Flow Controls Limited

Data last updated:

Quest Flow Controls Limited is a public limited company based in Khed, Maharashtra, India. It operates in the metalworking segment of the metals and mining sector. It was incorporated on 18 August 2016 and has been in existence for over 10 years.

The company is registered with the Registrar of Companies (ROC), Pune, under CIN L29299PN2016PLC255620. It is a listed company.

The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹10.26 Cr. It was formerly known as Sander Meson India Private Limited. It is led by directors including Brijesh Madhav Manerikar (Managing Director) and Swaroop Raghuvir Natekar (Whole-Time Director).

Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Gat No 324 Chakan MIDC Phase II, Village Bhamboli Tal Dist Khed, Maharashtra, India – 410501.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹62.36 Cr, a decline of 7.2% compared to the previous year. For the same year it recorded a net loss of ₹3.4 Cr (net margin -5.5%) and EBITDA of -₹2.53 Cr (EBITDA margin -4.1%). The net worth stands at ₹81.9 Cr (up 23.3% YoY). Total assets are valued at ₹87.94 Cr (up 22.9% YoY).

As per MCA filings, the company has open charges of ₹8.36 Cr and satisfied charges of ₹4 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 mvi.ltd.

Company Details of Quest Flow Controls Limited
CIN L29299PN2016PLC255620
Registration Number 012972
Incorporation Date 18 August 2016
ROC Pune
Listing Status Listed
Company Status Active
Date of Last AGM 27 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
  • Social Media
  • Registered Address
    Gat No 324 Chakan MIDC Phase II, Village Bhamboli Tal Dist Khed, Maharashtra, India – 410501
  • Industry
    Metal & Minerals, Metalworking
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Financials, compliance, directors, charges, ownership and filings for Quest Flow Controls Limited in one report.

Financials from FY 2017 Directors & ownership Charges & compliance

Business Activity of Quest Flow Controls Limited

The main business activity of Quest Flow Controls is manufacturing. In detail, this covers metal and metal products.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC7Metal and metal productsLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

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Financials of Quest Flow Controls Limited FY 2025-26 filings available

Quest Flow Controls Limited reported revenue of ₹62.36 Cr (down 7.2% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹62.36 Cr
-7.2% YoY
EBITDA
−₹2.53 Cr
-120.3% YoY
Profit After Tax
−₹3.40 Cr
-150.1% YoY
Net Worth
₹81.90 Cr
+23.3% YoY
Total Assets
₹87.94 Cr
+22.9% YoY
Total Debt
₹5.48 Cr
+16.1% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25
Income statement
Revenue62.3667.21
Revenue growth-7.2%-
EBITDA(2.53)12.46
EBITDA margin-4.1%+18.5%
Profit before tax(0.32)8.94
Net profit(3.40)6.79
Net profit margin-5.5%+10.1%
EPS (₹)(4.17)6.69
Balance sheet
Total assets87.9471.54
Net worth81.9066.44
Total debt5.484.72
Cash & bank7.183.06
Net working capital51.2547.89
Cash flow
Cash from operations(8.04)4.49
Cash from investing(8.21)(16.27)
Cash from financing18.8413.07
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Income statement
Revenue58.5861.1063.1436.6514.1015.32
Revenue growth-4.1%-3.2%+72.3%+159.9%-8.0%-
EBITDA(1.54)11.7014.786.953.760.61
EBITDA margin-2.6%+19.2%+23.4%+19.0%+26.7%+4.0%
Profit before tax0.637.9312.936.143.000.20
Net profit1.046.289.064.462.140.11
Net profit margin+1.8%+10.3%+14.4%+12.2%+15.2%+0.7%
EPS (₹)0.156.188.916.45303.6316.87
Balance sheet
Total assets91.3871.5465.7731.3211.979.77
Net worth85.3466.4460.1620.072.680.55
Total debt5.484.725.6211.249.249.18
Cash & bank7.183.063.302.532.184.41
Net working capital51.2547.8947.9229.1210.388.66
Cash flow
Cash from operations(3.06)10.15(13.12)(8.03)(0.71)4.05
Cash from investing(11.65)(8.88)(17.20)(0.49)(0.82)(0.45)
Cash from financing18.84(1.51)31.098.70(0.72)(0.60)

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 08 Oct 2026
ParticularsFY 2025-26FY 2024-25
Revenue62.3667.21
Revenue growth-7.2%-
Other income7.880.73
Total expenses64.8954.75
Employee cost9.836.92
EBITDA(2.53)12.46
EBITDA margin-4.1%+18.5%
Depreciation5.003.44
Interest0.670.81
Profit before tax(0.32)8.94
Tax0.512.10
Net profit(3.40)6.79
Net profit margin-5.5%+10.1%
EPS (₹)(4.17)6.69
ParticularsFY 2025-26FY 2024-25
Equity & liabilities
Share capital10.2610.16
Reserves & surplus56.8956.28
Shareholders' funds (net worth)81.9066.44
Minority interest0.000.00
Secured loans0.460.60
Unsecured loans5.024.12
Total debt5.484.72
Total liabilities87.9471.54
Assets
Gross block33.6225.22
Net block22.7419.23
Capital work in progress0.000.00
Investments1.980.06
Inventories17.737.13
Sundry debtors50.3537.75
Cash & bank balances7.183.06
Loans & advances13.3312.27
Total current assets88.5960.21
Total current liabilities37.3412.32
Net working capital51.2547.89
Total assets87.9471.54
ParticularsFY 2025-26FY 2024-25
Opening cash4.593.30
Net cash from operating activities(8.04)4.49
Net cash from investing activities(8.21)(16.27)
Net cash from financing activities18.8413.07
Net change in cash2.591.29
Closing cash7.183.06
ParticularsFY 2025-26FY 2024-25
Growth
Sales growth-7.2%-
EBITDA growth-120.3%-
PBT growth-+9997.0%
Net income growth-150.1%-
Profitability & leverage
Net income margin-1.3%+10.2%
Return on capital employed+3.7%+13.6%
Return on net worth+0.0%+10.3%
Debt / equity0.070.07
Long-term debt / equity0.060.07
Interest cover-8.908.98
Efficiency & per share
Fixed asset turnover2.122.66
Inventory turnover5.029.43
Debtors turnover1.421.78
EPS (₹)(4.17)6.69
Dividend per share (₹)0.000.00
Book value per share (₹)65.4665.39
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Revenue58.5861.1063.1436.6514.1015.32
Revenue growth-4.1%-3.2%+72.3%+159.9%-8.0%-
Other income7.700.480.180.540.220.10
Total expenses60.1249.4048.3629.7010.3414.71
Employee cost8.416.044.272.662.001.28
EBITDA(1.54)11.7014.786.953.760.61
EBITDA margin-2.6%+19.2%+23.4%+19.0%+26.7%+4.0%
Depreciation4.863.441.160.460.390.21
Interest0.670.810.870.890.590.30
Profit before tax0.637.9312.936.143.000.20
Tax0.461.653.871.680.860.09
Net profit1.046.289.064.462.140.11
Net profit margin+1.8%+10.3%+14.4%+12.2%+15.2%+0.7%
EPS (₹)0.156.188.916.45303.6316.87
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Equity & liabilities
Share capital10.2610.1610.166.920.070.07
Reserves & surplus60.3356.2850.0011.572.610.48
Shareholders' funds (net worth)85.3466.4460.1620.072.680.55
Secured loans0.460.600.115.138.788.87
Unsecured loans5.024.125.516.110.460.31
Total debt5.484.725.6211.249.249.18
Total liabilities91.3871.5465.7731.3211.979.77
Assets
Gross block33.6225.2516.592.982.491.67
Net block22.7419.2313.951.561.521.10
Capital work in progress0.000.003.580.000.000.00
Investments5.420.060.000.000.000.00
Inventories17.737.1314.7012.6010.102.91
Sundry debtors50.3537.7534.8315.5310.2710.17
Cash & bank balances7.183.063.302.532.184.41
Loans & advances13.3312.2713.5612.233.252.46
Total current assets88.5960.2166.3942.8925.8019.95
Total current liabilities37.3412.3218.4713.7715.4211.29
Net working capital51.2547.8947.9229.1210.388.66
Total assets91.3871.5465.7731.3211.979.77
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Opening cash3.063.302.532.344.381.37
Net cash from operating activities(3.06)10.15(13.12)(8.03)(0.71)4.05
Net cash from investing activities(11.65)(8.88)(17.20)(0.49)(0.82)(0.45)
Net cash from financing activities18.84(1.51)31.098.70(0.72)(0.60)
Net change in cash4.13(0.24)0.770.19(2.25)3.00
Closing cash7.183.063.302.532.184.41
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Growth
Sales growth-4.1%-3.2%+72.3%+159.9%-8.0%-
EBITDA growth-113.2%-20.8%+112.7%+84.8%+516.4%-
PBT growth-92.1%-38.7%+110.6%+104.7%+1400.0%+9997.0%
Net income growth-83.4%-30.7%+103.1%+108.4%+1845.5%-
Revenue CAGR (3Y)+16.9%+63.0%+60.3%---
EBITDA CAGR (3Y)-+46.0%+189.4%---
Profitability & leverage
Net income margin+0.3%+10.3%+14.4%+12.2%+15.2%+0.7%
Return on capital employed+4.8%+12.7%+28.4%+32.5%+32.9%+5.2%
Return on net worth+1.4%+9.9%+22.6%+39.3%+131.9%+21.8%
Debt / equity0.070.080.210.905.7016.69
Long-term debt / equity0.060.080.070.182.637.82
Interest cover-10.479.816.3913.7117.5175.00
Efficiency & per share
Fixed asset turnover1.992.926.4513.406.789.17
Inventory turnover4.715.604.633.232.175.26
Debtors turnover1.331.682.512.841.381.51
EPS (₹)0.156.188.916.45303.6316.87
Dividend per share (₹)0.000.000.000.000.000.00
Book value per share (₹)68.8265.3959.2126.72382.4478.81
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Peer Comparison of Quest Flow Controls Limited

Quest Flow Controls Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Control Valves). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Bell-O-Seal Valves Private Limited₹76.47 Cr (FY 2025)••••••••-15.0%••••Mumbai, Maharashtra, India
Fouress Engineering(India) Private Limited₹76.07 Cr (FY 2025)••••••••59.0%••••Mumbai, Maharashtra, India
Mascot Valves Private Limited₹74.87 Cr (FY 2024)••••••••11.0%••••Ahmedabad, Gujarat, India
Unp Polyvalves (India) Private Limited₹69.85 Cr (FY 2025)••••••••-11.0%••••Thane, Maharashtra, India
G.G.Valves Private Limited₹68.85 Cr (FY 2024)••••••••28.0%••••Udaipur, Rajasthan, India
Calcutta Tube Valves and Flanges Private Limited₹65.7 Cr (FY 2024)••••••••-2.0%••••Ahmedabad, Gujarat, India
Micon Engineers (Hubli) Private Limited₹64.97 Cr (FY 2024)••••••••17.0%••••Dharwad, Karnataka, India
Uniflow Controls Private Limited₹64.8 Cr (FY 2025)••••••••1.0%••••Mumbai, Maharashtra, India
Airmax Pneumatics Limited₹63.08 Cr (FY 2025)••••••••20.0%••••Ahmedabad, Gujarat, India
Quest Flow Controls Limited this company₹62.36 Cr (FY 2026)••••••••-7.2%••••Khed, Maharashtra, India
Klaus Union Engineering India Private Limited₹60.9 Cr (FY 2024)••••••••16.0%••••Pune, Maharashtra, India

Peers are the five companies nearest above and the five nearest below Quest Flow Controls by revenue in the Machinery and Equipment industry (Control Valves), 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 Quest Flow Controls Limited

Quest Flow Controls Limited is audited by MEHTA & ASSOCIATES for the financial year 2023.

NameStatusAppointment DateCessation Date
MEHTA & ASSOCIATESLockedLockedLocked
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Board of Directors of Quest Flow Controls Limited

Quest Flow Controls has 7 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Brijesh Madhav ManerikarManaging Director18 Aug 201610 Years 1 MonthsCurrent
Swaroop Raghuvir NatekarWhole-Time Director18 Aug 201610 Years 1 MonthsCurrent
Lalit VarshneyDirector12 Dec 20241 Years 9 MonthsCurrent
Sanjay Vasant PatilDirector05 May 20233 Years 5 MonthsCurrent
Snehal VyasDirector05 May 20233 Years 5 MonthsCurrent
Kishor Dhondu MakvanDirector05 May 20233 Years 5 MonthsCurrent
Showing 6 of 7 current directors. View all directors

Shareholding Pattern of Quest Flow Controls Limited

Shareholding for the quarter ended Sep 2026: promoters hold 32.50%, foreign institutional investors hold 7.80%, domestic institutional investors hold 2.00% and retail and other public shareholders hold 57.70%.

Promoters: 32.50%DII (Domestic Institutional): 2.00%FII (Foreign Institutional): 7.80%Retail & Others: 57.70%
Sep 2026
QUARTER
32.50% Promoters
2.00% DII (Domestic Institutional)
7.80% FII (Foreign Institutional)
57.70% Retail & Others
Promoter holding - history
Now 32.50% · Sep 2026High 32.80% · Dec 2025Low 32.50% · Jun 2026
31%31.8%32.5%33.3%34%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 32.80%Mar 2026: 32.80%Jun 2026: 32.50%Sep 2026: 32.50%32.80%32.50%32.50%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters32.50%32.50%32.80%32.80%
Public67.50%67.50%67.20%67.20%

Charges & Borrowings of Quest Flow Controls Limited

Open charges
₹8.36 Cr
Satisfied charges
₹4 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹8.36 Cr
Latest charge details
DateLenderAmountStatus
05 Dec 2025Hdfc Bank Limited₹8 CrOpen
04 Feb 2025Hdfc Bank Limited₹36.21 LakhOpen
16 Apr 2024Others₹4 CrSatisfied

Total charge records: 3 View all charges

Employees and EPFO Compliance at Quest Flow Controls Limited

Employment history and EPFO contributions of people linked to Quest Flow Controls.

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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Name History of Quest Flow Controls Limited

Quest Flow Controls has undergone 2 name changes throughout its history. The company was previously known as Sander Meson India Private Limited, and Quest Flow Controls Limited. The current legal name is Quest Flow Controls Limited.

Company NameStatus
Quest Flow Controls LimitedCurrent
Sander Meson India Private LimitedPrevious

CIN History of Quest Flow Controls Limited

Quest Flow Controls has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L29299PN2016PLC255620, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L29299PN2016PLC255620Current
U29299GA2016PLC012972Previous
L29299GA2016PLC012972Previous

Recent Activity on Quest Flow Controls Limited

Quest Flow Controls Limited has 16 board changes on record since 2016: 7 appointments and 9 cessations. The latest: Lalit Varshney ceased to be Additional Director on 08 Mar 2025.

Charges
A charge with Hdfc Bank Limited amounted to Rs. 8.00 Cr with Charge ID 101210471 was registered on 05 Dec 2025.
AGM
Quest Flow Controls Limited last Annual general meeting of members was held on 27 Sep 2025 as per latest MCA records.
Charges
A charge registered on 16 Apr 2024 via Charge ID 100935759 with Others was fully satisfied on 02 Aug 2025.
Filing
Quest Flow Controls Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Ceased
Lalit Varshney ceased to be Additional Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.36 Cr with Charge ID 101068387 was registered on 04 Feb 2025.
Appointed
Lalit Varshney was appointed as Director.
Charges
A charge with Others amounted to Rs. 4.00 Cr with Charge ID 100935759 was registered on 16 Apr 2024.
Ceased
Kishor Dhondu Makvan ceased to be Additional Director.
Ceased
Kunal Atul Bora ceased to be Additional Director.
Ceased
Sanjay Vasant Patil ceased to be Additional Director.
Ceased
Snehal Satyendra Vyas ceased to be Additional Director.

11 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Quest Flow Controls Limited

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MSME Payment Delays by Quest Flow Controls Limited

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Subsidiaries & Group Companies of Quest Flow Controls Limited

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GST Compliance of Quest Flow Controls Limited

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MCA Filings & Documents of Quest Flow Controls Limited

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Frequently Asked Questions about Quest Flow Controls Limited

Quest Flow Controls is an active public limited company based in Khed, Maharashtra, India. The company works in metalworking, within the metal and minerals industry. It was incorporated on 18 August 2016 (10+ years old) and is registered under CIN L29299PN2016PLC255620.

Quest Flow Controls reported revenue of ₹62.36 Cr for FY 2025-26 (down 7.2% YoY) based on consolidated financials.

Quest Flow Controls has 7 current directors:

The CIN (Corporate Identification Number) of Quest Flow Controls is L29299PN2016PLC255620. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes, Quest Flow Controls is a listed company.

Quest Flow Controls was incorporated on 18 August 2016, making it 10+ years old. It is registered with the Registrar of Companies, Pune.

The peers of Quest Flow Controls by revenue are Bell-O-Seal Valves Private Limited, Fouress Engineering(India) Private Limited, Mascot Valves Private Limited, Unp Polyvalves (India) Private Limited, G.G.Valves Private Limited and 5 more, all in the Machinery and Equipment industry (Control Valves).

Lalit Varshney ceased to be Additional Director on 08 Mar 2025. Lalit Varshney was appointed as Director on 12 Dec 2024. Kishor Dhondu Makvan ceased to be Additional Director on 11 Jun 2023. Quest Flow Controls has 16 board changes on record in total.

Quest Flow Controls can be reached through the website mvi.ltd. Its registered office is in Khed, Maharashtra, India.

The registered office of Quest Flow Controls is at Gat No 324 Chakan MIDC Phase II, Village Bhamboli Tal Dist Khed, Maharashtra, India – 410501.

Quest Flow Controls has an authorised share capital of ₹12 Cr and a paid-up capital of ₹10.26 Cr.

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