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 as per MCA records. Its shares are listed on BSE: 543982.
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 2026. 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 ₹30.36 Cr and satisfied charges of ₹12 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
Name history
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 Name | Status |
|---|---|
| Quest Flow Controls Limited | Current |
| Sander Meson India Private Limited | Previous |
CIN history
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.
| CIN | Status |
|---|---|
| L29299PN2016PLC255620 | Current |
| U29299GA2016PLC012972 | Previous |
| L29299GA2016PLC012972 | Previous |
Contact details
Quest Flow Controls Limited's registered office is in Khed, Maharashtra. Its website is mvi.ltd. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressGat No 324 Chakan MIDC Phase II, Village Bhamboli Tal Dist Khed, Maharashtra, India – 410501
- IndustryMetal & Minerals, Metalworking
To see the full contact details of Quest Flow Controls 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
Business activity
The main business activity of Quest Flow Controls is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Quest Flow Controls Limited, buy the company report.
Financials of Quest Flow Controls Limited
FY 2025-26 filings availableQuest Flow Controls Limited reported revenue of ₹62.36 Cr (down 7.2% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Income statement | ||
| Revenue | 62.36 | 67.21 |
| 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 assets | 87.94 | 71.54 |
| Net worth | 81.90 | 66.44 |
| Total debt | 5.48 | 4.72 |
| Cash & bank | 7.18 | 3.06 |
| Net working capital | 51.25 | 47.89 |
| Cash flow | ||
| Cash from operations | (8.04) | 4.49 |
| Cash from investing | (8.21) | (16.27) |
| Cash from financing | 18.84 | 13.07 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | 58.58 | 61.10 | 63.14 | 36.65 | 14.10 | 15.32 |
| Revenue growth | -4.1% | -3.2% | +72.3% | +159.9% | -8.0% | - |
| EBITDA | (1.54) | 11.70 | 14.78 | 6.95 | 3.76 | 0.61 |
| EBITDA margin | -2.6% | +19.2% | +23.4% | +19.0% | +26.7% | +4.0% |
| Profit before tax | 0.63 | 7.93 | 12.93 | 6.14 | 3.00 | 0.20 |
| Net profit | 1.04 | 6.28 | 9.06 | 4.46 | 2.14 | 0.11 |
| Net profit margin | +1.8% | +10.3% | +14.4% | +12.2% | +15.2% | +0.7% |
| EPS (₹) | 0.15 | 6.18 | 8.91 | 6.45 | 303.63 | 16.87 |
| Balance sheet | ||||||
| Total assets | 91.38 | 71.54 | 65.77 | 31.32 | 11.97 | 9.77 |
| Net worth | 85.34 | 66.44 | 60.16 | 20.07 | 2.68 | 0.55 |
| Total debt | 5.48 | 4.72 | 5.62 | 11.24 | 9.24 | 9.18 |
| Cash & bank | 7.18 | 3.06 | 3.30 | 2.53 | 2.18 | 4.41 |
| Net working capital | 51.25 | 47.89 | 47.92 | 29.12 | 10.38 | 8.66 |
| 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 financing | 18.84 | (1.51) | 31.09 | 8.70 | (0.72) | (0.60) |
Financial Statements
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Revenue | 62.36 | 67.21 |
| Revenue growth | -7.2% | - |
| Other income | 7.88 | 0.73 |
| Total expenses | 64.89 | 54.75 |
| Employee cost | 9.83 | 6.92 |
| EBITDA | (2.53) | 12.46 |
| EBITDA margin | -4.1% | +18.5% |
| Depreciation | 5.00 | 3.44 |
| Interest | 0.67 | 0.81 |
| Profit before tax | (0.32) | 8.94 |
| Tax | 0.51 | 2.10 |
| Net profit | (3.40) | 6.79 |
| Net profit margin | -5.5% | +10.1% |
| EPS (₹) | (4.17) | 6.69 |
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Equity & liabilities | ||
| Share capital | 10.26 | 10.16 |
| Reserves & surplus | 56.89 | 56.28 |
| Shareholders' funds (net worth) | 81.90 | 66.44 |
| Minority interest | 0.00 | 0.00 |
| Secured loans | 0.46 | 0.60 |
| Unsecured loans | 5.02 | 4.12 |
| Total debt | 5.48 | 4.72 |
| Total liabilities | 87.94 | 71.54 |
| Assets | ||
| Gross block | 33.62 | 25.22 |
| Net block | 22.74 | 19.23 |
| Capital work in progress | 0.00 | 0.00 |
| Investments | 1.98 | 0.06 |
| Inventories | 17.73 | 7.13 |
| Sundry debtors | 50.35 | 37.75 |
| Cash & bank balances | 7.18 | 3.06 |
| Loans & advances | 13.33 | 12.27 |
| Total current assets | 88.59 | 60.21 |
| Total current liabilities | 37.34 | 12.32 |
| Net working capital | 51.25 | 47.89 |
| Total assets | 87.94 | 71.54 |
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Opening cash | 4.59 | 3.30 |
| Net cash from operating activities | (8.04) | 4.49 |
| Net cash from investing activities | (8.21) | (16.27) |
| Net cash from financing activities | 18.84 | 13.07 |
| Net change in cash | 2.59 | 1.29 |
| Closing cash | 7.18 | 3.06 |
| Particulars | FY 2025-26 | FY 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 / equity | 0.07 | 0.07 |
| Long-term debt / equity | 0.06 | 0.07 |
| Interest cover | -8.90 | 8.98 |
| Efficiency & per share | ||
| Fixed asset turnover | 2.12 | 2.66 |
| Inventory turnover | 5.02 | 9.43 |
| Debtors turnover | 1.42 | 1.78 |
| EPS (₹) | (4.17) | 6.69 |
| Dividend per share (₹) | 0.00 | 0.00 |
| Book value per share (₹) | 65.46 | 65.39 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Revenue | 58.58 | 61.10 | 63.14 | 36.65 | 14.10 | 15.32 |
| Revenue growth | -4.1% | -3.2% | +72.3% | +159.9% | -8.0% | - |
| Other income | 7.70 | 0.48 | 0.18 | 0.54 | 0.22 | 0.10 |
| Total expenses | 60.12 | 49.40 | 48.36 | 29.70 | 10.34 | 14.71 |
| Employee cost | 8.41 | 6.04 | 4.27 | 2.66 | 2.00 | 1.28 |
| EBITDA | (1.54) | 11.70 | 14.78 | 6.95 | 3.76 | 0.61 |
| EBITDA margin | -2.6% | +19.2% | +23.4% | +19.0% | +26.7% | +4.0% |
| Depreciation | 4.86 | 3.44 | 1.16 | 0.46 | 0.39 | 0.21 |
| Interest | 0.67 | 0.81 | 0.87 | 0.89 | 0.59 | 0.30 |
| Profit before tax | 0.63 | 7.93 | 12.93 | 6.14 | 3.00 | 0.20 |
| Tax | 0.46 | 1.65 | 3.87 | 1.68 | 0.86 | 0.09 |
| Net profit | 1.04 | 6.28 | 9.06 | 4.46 | 2.14 | 0.11 |
| Net profit margin | +1.8% | +10.3% | +14.4% | +12.2% | +15.2% | +0.7% |
| EPS (₹) | 0.15 | 6.18 | 8.91 | 6.45 | 303.63 | 16.87 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Equity & liabilities | ||||||
| Share capital | 10.26 | 10.16 | 10.16 | 6.92 | 0.07 | 0.07 |
| Reserves & surplus | 60.33 | 56.28 | 50.00 | 11.57 | 2.61 | 0.48 |
| Shareholders' funds (net worth) | 85.34 | 66.44 | 60.16 | 20.07 | 2.68 | 0.55 |
| Secured loans | 0.46 | 0.60 | 0.11 | 5.13 | 8.78 | 8.87 |
| Unsecured loans | 5.02 | 4.12 | 5.51 | 6.11 | 0.46 | 0.31 |
| Total debt | 5.48 | 4.72 | 5.62 | 11.24 | 9.24 | 9.18 |
| Total liabilities | 91.38 | 71.54 | 65.77 | 31.32 | 11.97 | 9.77 |
| Assets | ||||||
| Gross block | 33.62 | 25.25 | 16.59 | 2.98 | 2.49 | 1.67 |
| Net block | 22.74 | 19.23 | 13.95 | 1.56 | 1.52 | 1.10 |
| Capital work in progress | 0.00 | 0.00 | 3.58 | 0.00 | 0.00 | 0.00 |
| Investments | 5.42 | 0.06 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 17.73 | 7.13 | 14.70 | 12.60 | 10.10 | 2.91 |
| Sundry debtors | 50.35 | 37.75 | 34.83 | 15.53 | 10.27 | 10.17 |
| Cash & bank balances | 7.18 | 3.06 | 3.30 | 2.53 | 2.18 | 4.41 |
| Loans & advances | 13.33 | 12.27 | 13.56 | 12.23 | 3.25 | 2.46 |
| Total current assets | 88.59 | 60.21 | 66.39 | 42.89 | 25.80 | 19.95 |
| Total current liabilities | 37.34 | 12.32 | 18.47 | 13.77 | 15.42 | 11.29 |
| Net working capital | 51.25 | 47.89 | 47.92 | 29.12 | 10.38 | 8.66 |
| Total assets | 91.38 | 71.54 | 65.77 | 31.32 | 11.97 | 9.77 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Opening cash | 3.06 | 3.30 | 2.53 | 2.34 | 4.38 | 1.37 |
| 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 activities | 18.84 | (1.51) | 31.09 | 8.70 | (0.72) | (0.60) |
| Net change in cash | 4.13 | (0.24) | 0.77 | 0.19 | (2.25) | 3.00 |
| Closing cash | 7.18 | 3.06 | 3.30 | 2.53 | 2.18 | 4.41 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 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 / equity | 0.07 | 0.08 | 0.21 | 0.90 | 5.70 | 16.69 |
| Long-term debt / equity | 0.06 | 0.08 | 0.07 | 0.18 | 2.63 | 7.82 |
| Interest cover | -10.47 | 9.81 | 6.39 | 13.71 | 17.51 | 75.00 |
| Efficiency & per share | ||||||
| Fixed asset turnover | 1.99 | 2.92 | 6.45 | 13.40 | 6.78 | 9.17 |
| Inventory turnover | 4.71 | 5.60 | 4.63 | 3.23 | 2.17 | 5.26 |
| Debtors turnover | 1.33 | 1.68 | 2.51 | 2.84 | 1.38 | 1.51 |
| EPS (₹) | 0.15 | 6.18 | 8.91 | 6.45 | 303.63 | 16.87 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 68.82 | 65.39 | 59.21 | 26.72 | 382.44 | 78.81 |
To see the full year-wise statements and ratios of Quest Flow Controls Limited, buy the company report.
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.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Brijesh Madhav Manerikar Also directs: Tamr Alloys Private Limited, Meson Valves India Private Limited, Nibe Meson Naval Limited and 2 more | Managing Director | 18 Aug 2016 | 10 Years 2 Months | Current |
| Swaroop Raghuvir Natekar Also directs: Tamr Alloys Private Limited, Meson Valves India Private Limited, Nibe Meson Naval Limited and 2 more | Whole-Time Director | 18 Aug 2016 | 10 Years 2 Months | Current |
| Lalit Varshney Also directs: H2o Dynamics India Limited | Director | 12 Dec 2024 | 1 Years 11 Months | Current |
| Sanjay Vasant Patil Also directs: VSP Testing Laboratory Private Limited | Director | 05 May 2023 | 3 Years 6 Months | Current |
| Snehal Vyas Also directs: Toyomo Advanced Materials Limited | Director | 05 May 2023 | 3 Years 6 Months | Current |
| Kishor Dhondu Makvan Also directs: Tamr Alloys Private Limited | Director | 05 May 2023 | 3 Years 6 Months | Current |
Peer comparison
Quest Flow Controls Limited is compared with the 4 companies closest to it by revenue in the Machinery and Equipment industry (Control Valves), 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 |
|---|---|---|---|---|---|---|
| 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 | |||
| G.G.Valves Private Limited | ₹68.85 Cr (FY 2024) | 28.0% | Udaipur, Rajasthan, India | |||
| Airmax Pneumatics Limited | ₹63.08 Cr (FY 2025) | 20.0% | Ahmedabad, Gujarat, India | |||
| Quest Flow Controls Limitedthis company | ₹62.36 Cr (FY 2026) | -₹3.4 Cr | -5.5% | -7.2% | Khed, Maharashtra, India |
To see the full peer comparison of Quest Flow Controls Limited, buy the company report.
Auditor
Quest Flow Controls Limited is audited by MEHTA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MEHTA & ASSOCIATES | FY 2023 | 148089W |
Shareholding
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%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 32.50% | 32.50% | 32.80% | 32.80% |
| Public | 67.50% | 67.50% | 67.20% | 67.20% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Sep 2026 | 101396172 | Others | ₹30 Cr | Open | |
| 04 Feb 2025 | 101068387 | Hdfc Bank Limited | ₹36.21 Lakh | Open | |
| 05 Dec 2025 | 101210471 | Hdfc Bank Limited | ₹8 Cr | Satisfied | |
| 16 Apr 2024 | 100935759 | Others | ₹4 Cr | Satisfied |
To see the full charge records of Quest Flow Controls Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
No court or tribunal cases involving Quest Flow Controls Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Quest Flow Controls Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Quest Flow Controls Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
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.
13 earlier events are in the company report.
Frequently asked questions
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. Listed on BSE: 543982.
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:
- Brijesh Madhav Manerikar - Managing Director
- Swaroop Raghuvir Natekar - Whole-Time Director
- Lalit Varshney - Director
- Sanjay Vasant Patil - Director
- Snehal Vyas - Director
- Kishor Dhondu Makvan - Director
- Soundararajan Balasubramanian - Director
The latest financial statements of Quest Flow Controls on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 27 September 2025. Year-wise statements from FY 2017 are in the company report.
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 as per MCA records. Its shares are listed on BSE (code: 543982).
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, G.G.Valves Private Limited, Airmax Pneumatics Limited, all in the Machinery and Equipment industry (Control Valves), with the same principal business activity (metal and metal products).
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.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
