About Sawp Steel Limited
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Sawp Steel Limited is a public limited company based in Relligaviramma Peta, Andhra Pradesh, India. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 18 August 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U28112AP1995PLC021434. Its GSTIN is 37AADCS1195C1ZI (Andhra Pradesh). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹7.5 Cr. It was formerly known as Sri Ananda Subbaraya Industries Limited and Ananda Subbaraya Steel Limited. It is led by directors including Chenchu Krishnaiah Chevuru and Bavineni Rajesh.
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 Sy. No – 88/2 & 88/3 Relligaviramma Peta (VI) L Kota Mandal Vizianagaram (Dist), Andhra Pradesh, India – 535161.
As per the financials filed for FY 2023, the company reported a revenue of ₹319.6 Cr, a decline of 30% compared to the previous year. For the same year it recorded a net profit of ₹95 Lakh (net margin 0.3%) and EBITDA of ₹10.42 Cr (EBITDA margin 3.3%).
The company has about 79 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹50.17 Cr and satisfied charges of ₹29.55 Cr on record. Court records list 1 case involving the company, including 1 filed against it. The company has 13 deals on record (9 secondary share transfers, 4 funding rounds), with disclosed funding of ₹13.52 Cr; the latest was in August 2023. Its 3 peer companies in the Metals and Minerals industry (Cables and Wires, Metal Retail and Distribution, Steel), with the same principal business activity (metal and metal products) are compared by revenue, 3 smaller; the largest is Shristi Ispat & Alloys Limited with revenue of ₹514.53 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sawpsteel.com.
Company details
Name history
Sawp Steel has undergone 10 name changes throughout its history. The current legal name is Sawp Steel Limited.
| Company Name | Status |
|---|---|
| Sawp Steel Limited | Current |
| Sri Ananda Subbaraya Industries Limited | Previous |
| Ananda Subbaraya Steel Limited | Previous |
| Swap Steel Limited | Previous |
| Lion Impex Limited | Previous |
| Ananda Steels Limited | Previous |
| Asw Steels Limited | Previous |
| Sas Steels Limited | Previous |
| Sri Ananda Subbaraya Wire Products Limited | Previous |
| Sawp Industries Limited | Previous |
| Sri Ananda Subbaraya Wire Products Private Limited | Previous |
CIN history
Sawp Steel has one previous CIN (Corporate Identification Number): U28112AP1995PTC021434. The current CIN is U28112AP1995PLC021434, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U28112AP1995PLC021434 | Current |
| U28112AP1995PTC021434 | Previous |
Contact details
Sawp Steel Limited's registered office is in Relligaviramma Peta, Andhra Pradesh. Its website is sawpsteel.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSy. No – 88/2 & 88/3 Relligaviramma Peta (VI) L Kota Mandal Vizianagaram (Dist), Andhra Pradesh, India – 535161
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Sawp Steel 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 activities of Sawp Steel 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 Sawp Steel Limited, buy the company report.
Financials of Sawp Steel Limited
FY 2024 filings availableSawp Steel Limited reported revenue of ₹319.6 Cr (down 30% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 30% in the latest year. EBITDA fell 8% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹319.6 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹10.42 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹95 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 Sawp Steel Limited, buy the company report.
Board of directors of Sawp Steel Limited
Sawp Steel has 5 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chenchu Krishnaiah Chevuru Also directs: Fourth I Corporate Mentors LLP, Ramaseetha Welfare Foundation | Director | 01 Apr 2018 | 8 Years 7 Months | Current |
| Bavineni Rajesh Also directs: Vizag Profiles Logistics Private Limited | Director | 01 Jun 2020 | 6 Years 5 Months | Current |
| Vijay Kumar Reddy Duvvuru Also directs: TMT Steels Private Limited | Director | 01 Apr 2018 | 8 Years 7 Months | Current |
| Avinash Yamdagni Also directs: Satya Electrocom Private Limited, Kanhiya Metals Private Limited | Director | 20 Feb 2020 | 6 Years 8 Months | Current |
| Suchitra Bandi | Director | 15 Oct 2021 | 5 Years 0 Months | Current |
Peer comparison
Sawp Steel Limited is compared with the 3 companies closest to it by revenue in the Metals and Minerals industry (Cables and Wires, Metal Retail and Distribution, 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 |
|---|---|---|---|---|---|---|
| Shristi Ispat & Alloys Limited | ₹514.53 Cr (FY 2025) | -20.0% | West Bengal, India | |||
| Rathi Iron Steel Private Limited | ₹513.85 Cr (FY 2025) | 63.0% | Chhprola, Uttar Pradesh, India | |||
| SG Metals and Steels India Private Limited | ₹512.37 Cr (FY 2025) | 18.0% | Khanna, Punjab, India | |||
| Sawp Steel Limitedthis company | ₹319.6 Cr (FY 2023) | ₹95 Lakh | 0.3% | -30.0% | 79 | Relligaviramma Peta, Andhra Pradesh, India |
To see the full peer comparison of Sawp Steel Limited, buy the company report.
Auditor
Sawp Steel Limited is audited by Pavuluri & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Pavuluri & Co | FY 2023 | 012194S |
Shareholding
The shareholding of Sawp Steel 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 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sawp Steel Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jan 2024 | 100858552 | Hdfc Bank Limited | ₹16.91 Lakh | Open | |
| 17 Feb 2023 | 100684853 | Axis Bank Limited | ₹40 Cr | Open | |
| 29 Aug 2022 | 100616853 | Axis Bank Limited | ₹10 Cr | Open | |
| 18 Oct 2023 | 100807293 | Axis Bank Limited | ₹5 Cr | Satisfied | |
| 29 Jun 2021 | 100479865 | Hdfc Bank Limited | ₹28.49 Lakh | Satisfied |
To see the full charge records of Sawp Steel Limited, buy the company report.
Total charge records: 15 View all charges
Deals & funding
Sawp Steel Limited has 13 deals on record (9 secondary share transfers, 4 funding rounds), with disclosed funding of ₹13.52 Cr; the latest was in August 2023.
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Ananda Profiles Private Limited , Quality Steel Shoppe Private Limited , 2 individuals Seller: an individual |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 4 individuals |
| Jan 2018 | Funding round | ₹3.63 Cr | Investors: Ananda Profiles Private Limited , Quality Steel Shoppe Private Limited |
| Nov 2017 | Funding round | ₹3.1 Cr | Investors: Stypack Private Limited. |
To see the full deal history of Sawp Steel Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sawp Steel Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Visakapatnam, Andhra Pradesh | Court case (MVOP) | Filed against the company by individuals | Disposed |
To see the full case history of Sawp Steel 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 Sawp Steel Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Sawp Steel has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Vizag Profiles Logistics Private Limited | U61200AP2012PTC081606 |
To see the full group structure of Sawp Steel Limited, buy the company report.
Employees & EPFO
Sawp Steel Limited has a workforce of 79 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Sawp Steel has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AADCS1195C1ZI | Andhra Pradesh | Active | 01 Jul 2017 |
| 37AADCS1195C1DR | Andhra Pradesh | Active | 04 Feb 2025 |
To see the full GST registrations and return filing status of Sawp Steel Limited, buy the company report.
Recent activity
Sawp Steel Limited has 13 board changes on record since 2017: 5 appointments and 8 cessations. The latest: Suchitra Bandi ceased to be Additional Director on 30 Nov 2021.
35 earlier events are in the company report.
Frequently asked questions
Sawp Steel is an active public limited company based in Relligaviramma Peta, Andhra Pradesh, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 18 August 1995 (31+ years old) and is registered under CIN U28112AP1995PLC021434.
Sawp Steel has 5 current directors:
- Chenchu Krishnaiah Chevuru - Director
- Bavineni Rajesh - Director
- Vijay Kumar Reddy Duvvuru - Director
- Avinash Yamdagni - Director
- Suchitra Bandi - Director
The latest financial statements of Sawp Steel 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 Sawp Steel is 37AADCS1195C1ZI, registered in Andhra Pradesh. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 37AADCS1195C1DR (Andhra Pradesh).
The CIN (Corporate Identification Number) of Sawp Steel is U28112AP1995PLC021434. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sawp Steel has 1 court case on record: 1 filed against it.
Sawp Steel was incorporated on 18 August 1995, making it 31+ years old. It is registered with the Registrar of Companies, Vijayawada.
Sawp Steel has 13 deals on record (9 secondary share transfers, 4 funding rounds), with disclosed funding of ₹13.52 Cr; the latest was in August 2023.
The peers of Sawp Steel by revenue are Shristi Ispat & Alloys Limited, Rathi Iron Steel Private Limited, SG Metals and Steels India Private Limited, all in the Metals and Minerals industry (Cables and Wires, Metal Retail and Distribution, Steel), with the same principal business activity (metal and metal products).
Suchitra Bandi ceased to be Additional Director on 30 Nov 2021. Suchitra Bandi was appointed as Director on 15 Oct 2021. Ganamani Manimala ceased to be Director on 31 Mar 2021. Sawp Steel has 13 board changes on record in total.
Sawp Steel can be reached through the website sawpsteel.com. Its registered office is in Relligaviramma Peta, Andhra Pradesh, India.
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