MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-GJ-09-0005532
Shaifali Steels Limited - manufacturing in Gandhinagar, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹62.12 Cr
▼ 13% YoY
Net profit · FY 2025
₹3.19 Cr
Net margin 5.1%
EBITDA · FY 2025
₹5.01 Cr
EBITDA margin 8.1%
Authorised capital
₹10.8 Cr
Registered with MCA
Paid-up capital
₹8.55 Cr
Issued & subscribed
Satisfied charges
₹171.72 Cr
No open charges
Company age
32 yrs
Est. 1994
Directors on board
3
As per MCA filings
About Shaifali Steels Limited
Data last updated:
Shaifali Steels Limited is a public limited company based in Gandhinagar, Gujarat, India. It operates in the die casting and metal forming segment of the manufacturing sector. It was incorporated on 23 December 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U27109GJ1994PLC023962. Its GSTIN is 24AACCS6214R1Z1 (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹10.8 Cr and a paid-up capital of ₹8.55 Cr. It is led by directors including Kuldipsinh Bhavarsinh Rathod and Siyaram Prajapati.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Block No 1563/Pvill Santej Kalol, Gandhinagar, Gujarat, India – 382721.
As per the financials filed for FY 2025, the company reported a revenue of ₹62.12 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net profit of ₹3.19 Cr (net margin 5.1%) and EBITDA of ₹5.01 Cr (EBITDA margin 8.1%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 1% over five years.
As per MCA filings, the company has satisfied charges of ₹171.72 Cr on record. Court records list 34 cases involving the company, including 4 filed by the company and 31 filed against it; 2 cases are pending. The company has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹4.5 Cr; the latest was in March 2023. Its 8 peer companies in the Manufacturing industry (Die Casting), with the same principal business activity (metal and metal products) are compared by revenue, 3 larger and 5 smaller; the largest is Shivpriya Ispat (India) Private Limited with revenue of ₹63.33 Cr.
Shaifali Steels Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-GJ-09-0005532). The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website shaifalisteelsltd.com.
Company details
CIN U27109GJ1994PLC023962
Registration Number 023962
Incorporation Date 23 December 1994
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Non-Compliant
MSME Classification MSME
Udyam Registration UDYAM-GJ-09-0005532
Key People
Kuldipsinh Bhavarsinh Rathod Director Siyaram Prajapati Director Rajesh Anopchand Shah Director Recognitions & Rankings of Shaifali Steels
Contact details
Shaifali Steels Limited's registered office is in Gandhinagar, Gujarat. Its website is shaifalisteelsltd.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressBlock No 1563/Pvill Santej Kalol, Gandhinagar, Gujarat, India – 382721
- IndustryManufacturing, Die Casting & Metal Forming
To see the full contact details of Shaifali Steels Limited, buy the company report.
Comprehensive company report
Shaifali Steels 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 activity of Shaifali Steels 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 Shaifali Steels Limited, buy the company report.
Financials of Shaifali Steels Limited
FY 2025 filings availableShaifali Steels Limited reported revenue of ₹62.12 Cr (down 13% YoY) for FY 2025.
Revenue · FY 2025
₹62.12 Cr ▼ 13%
Net profit · FY 2025
₹3.19 Cr margin 5.1%
EBITDA · FY 2025
₹5.01 Cr margin 8.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 13%
3 years · compounded
▲ 2%
5 years · compounded
▼ 1%
EBITDA CAGR growth
1 year
▼ 9%
3 years · compounded
▲ 39%
5 years · compounded
▲ 24%
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 13% fall in the latest year. EBITDA fell 9% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹5.01 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.19 Cr | ||||
| 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.1% | ||||
| Net Profit Margin | 5.1% | ||||
| 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 Shaifali Steels Limited, buy the company report.
Board of directors of Shaifali Steels Limited
Shaifali Steels has 3 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kuldipsinh Bhavarsinh Rathod Also directs: Sunrise Steel Foundry LLP | Director | 08 Oct 2024 | 2 Years 0 Months | Current |
| Siyaram Prajapati | Director | 27 May 2024 | 2 Years 5 Months | Current |
| Rajesh Anopchand Shah | Director | 28 Dec 2021 | 4 Years 10 Months | Current |
Peer comparison
Shaifali Steels Limited is compared with the 8 companies closest to it by revenue in the Manufacturing industry (Die Casting), 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 |
|---|---|---|---|---|---|---|
| Shivpriya Ispat (India) Private Limited | ₹63.33 Cr (FY 2024) | -6.0% | Ahmedabad, Gujarat, India | |||
| Allied Iron Products Private Limited | ₹63.19 Cr (FY 2025) | 3.0% | Kolkata, West Bengal, India | |||
| Bhuwalka Castings and Forging Private Limited | ₹63.03 Cr (FY 2025) | -26.0% | Bangalore, Karnataka, India | |||
| Shaifali Steels Limitedthis company | ₹62.12 Cr (FY 2025) | ₹3.19 Cr | 5.1% | -13.0% | Gandhinagar, Gujarat, India | |
| Shaifali Rolls Limited | ₹62.06 Cr (FY 2025) | 3.0% | Gandhidham, Gujarat, India | |||
| Nibber Castings Private Limited | ₹61.68 Cr (FY 2018) | 15.0% | Mohali, Punjab, India | |||
| Arihant Technocast India Private Limited | ₹61.19 Cr (FY 2025) | 41.0% | Coimbatore, Tamil Nadu, India | |||
| Loco Castings Private Limited | ₹60.55 Cr (FY 2025) | 11638.0% | Andal, West Bengal, India | |||
| Shree Nilkanth Alloys Private Limited | ₹60.49 Cr (FY 2025) | -5.0% | Bavla, Gujarat, India |
To see the full peer comparison of Shaifali Steels Limited, buy the company report.
Auditor
Shaifali Steels Limited is audited by Altaf Sachora & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Altaf Sachora & Co. | FY 2023 | 138017W |
Shareholding
The shareholding of Shaifali Steels 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 Shaifali Steels Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹171.72 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Dec 2009 | 10196120 | Others | ₹35 Cr | Satisfied | |
| 30 Nov 2009 | 10193700 | Union Bank of India | ₹13.5 Cr | Satisfied | |
| 31 Jul 2008 | 10118067 | Dena Bank | ₹10 Cr | Satisfied | |
| 20 Nov 2007 | 10078148 | Others | ₹25.93 Cr | Satisfied | |
| 24 Apr 2007 | 10055628 | Others | ₹25.93 Cr | Satisfied |
To see the full charge records of Shaifali Steels Limited, buy the company report.
Total charge records: 14 View all charges
Deals & funding
Shaifali Steels Limited has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹4.5 Cr; the latest was in March 2023.
Total deals
4
Secondary share transfers
3
Funding round
1
Disclosed funding
₹4.5 Cr
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Mar 2007 | Funding round | ₹4.5 Cr | Investors: Shaifali Rolls Limited , 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Shaifali Steels Limited has 34 court cases on record: 4 filed by Shaifali Steels, 31 filed against it. 2 cases are pending and 32 are disposed.
Total cases
34
Filed by the company
4
Filed against the company
31
Pending
2
Disposed
32
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 26 | 24 | 1 |
| High courts | 7 | 6 | 0 |
| NCLT | 1 | 1 | 1 |
Cases on record (5 of 34)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Mr. Rajat Mukherjee RP of Shaifali Steels Limited | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against Committee of Creditors of Shaifali Steels Limited | Pending |
| District court, Faridabad, Haryana | Cheque dishonour complaint | Filed against the company by Indian Core Oils Pvt Ltd | Disposed |
| District court, Nagpur, Maharashtra | Civil suit | Filed against the company by Ms. MPM Durrans Refracoat Pvt. Ltd. | Disposed |
| District court, Vadodara, Gujarat | Criminal complaint | Filed against the company by Jitendra C. Shah A/C. of Sterling Ferro Alloys Pvt. Ltd. | Disposed |
To see the full case history of Shaifali Steels 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 Shaifali Steels Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Shaifali Steels has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCS6214R1Z1 | Gujarat | Active | 01 Jul 2017 |
| 24AACCS6214R1DA | Gujarat | Active | 28 Oct 2024 |
To see the full GST registrations and return filing status of Shaifali Steels Limited, buy the company report.
Recent activity
Shaifali Steels Limited has 16 board changes on record since 2008: 3 appointments and 13 cessations. The latest: Jinalbhai Narendrakumar Shah ceased to be Director on 16 Oct 2024.
AGM
Shaifali Steels Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Shaifali Steels Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge registered on 30 Nov 2009 via Charge ID 10193700 with Union Bank Of India was fully satisfied on 17 Oct 2024.
Ceased
Jinalbhai Narendrakumar Shah ceased to be Director.
Appointed
Kuldipsinh Bhavarsinh Rathod was appointed as Director.
Charges
A charge registered on 24 Dec 2009 via Charge ID 10196120 with Others was fully satisfied on 04 Oct 2024.
Charges
A charge registered on 20 Nov 2007 via Charge ID 10078148 with Others was fully satisfied on 04 Oct 2024.
Charges
A charge registered on 24 Apr 2007 via Charge ID 10055628 with Others was fully satisfied on 04 Oct 2024.
Ceased
Siyaram Prajapati ceased to be Additional Director.
Appointed
Siyaram Prajapati was appointed as Director.
Ceased
Amarnath Sharma ceased to be Additional Director.
Ceased
Bihari Narasidas Gandhi ceased to be Director.
44 earlier events are in the company report.
Frequently asked questions
Shaifali Steels is an active public limited company based in Gandhinagar, Gujarat, India. The company works in die casting and metal forming, within the manufacturing industry. It was incorporated on 23 December 1994 (32+ years old) and is registered under CIN U27109GJ1994PLC023962.
Shaifali Steels has 3 current directors:
- Kuldipsinh Bhavarsinh Rathod - Director
- Siyaram Prajapati - Director
- Rajesh Anopchand Shah - Director
The latest financial statements of Shaifali Steels on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Shaifali Steels is 24AACCS6214R1Z1, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AACCS6214R1DA (Gujarat).
The CIN (Corporate Identification Number) of Shaifali Steels is U27109GJ1994PLC023962. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shaifali Steels has 34 court cases on record: 4 filed by the company and 31 filed against it. 2 are pending. Most are in the district courts.
Shaifali Steels was incorporated on 23 December 1994, making it 32+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Shaifali Steels has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹4.5 Cr; the latest was in March 2023.
The peers of Shaifali Steels by revenue are Shivpriya Ispat (India) Private Limited, Allied Iron Products Private Limited, Bhuwalka Castings and Forging Private Limited, Shaifali Rolls Limited, Nibber Castings Private Limited and 3 more, all in the Manufacturing industry (Die Casting), with the same principal business activity (metal and metal products).
Jinalbhai Narendrakumar Shah ceased to be Director on 16 Oct 2024. Kuldipsinh Bhavarsinh Rathod was appointed as Director on 08 Oct 2024. Siyaram Prajapati ceased to be Additional Director on 29 Sep 2024. Shaifali Steels has 16 board changes on record in total.
Yes, Shaifali Steels is registered as an MSME under Udyam registration (number: UDYAM-GJ-09-0005532).
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