Sidhanath Sugar Mills Limited
About Sidhanath Sugar Mills Limited
Data last updated:
Sidhanath Sugar Mills Limited is a public limited company based in Solapur, Maharashtra, India. It operates in the sugar processing segment of the agriculture sector. It was incorporated on 03 April 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U15421PN2000PLC014710. Its GSTIN is 27AAGCS0769P1ZN (Maharashtra).
The company has an authorised share capital of ₹55 Cr and a paid-up capital of ₹54.95 Cr. It was formerly known as Sidhanath Sugar Mills Private Limited. It is led by directors including Dilip Bramhadeo Mane (Managing Director) and Annarao Udhavrao Bhopale.
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 5 Park Stadiumrailway Lines, Solapur, Maharashtra, India – 413001.
As per the financials filed for FY 2024, the company reported a revenue of ₹132.09 Cr, a decline of 47% compared to the previous year. For the same year it recorded a net loss of ₹52.92 Cr (net margin -40.1%) and EBITDA of -₹6.49 Cr (EBITDA margin -4.9%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years.
The company has about 212 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹352.46 Cr and satisfied charges of ₹336.81 Cr on record. Court records list 14 cases involving the company, including 14 filed against it; 1 case is pending. The company has 6 deals on record (6 funding rounds), with disclosed funding of ₹49.95 Cr; the latest was in March 2015. Its 7 peer companies in the Agriculture industry (Sugar, Transmission and Distribution), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 3 larger and 4 smaller; the largest is JGN Sugar and Biofuels Private Limited with revenue of ₹137.65 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Sidhanath Sugar Mills has one previous CIN (Corporate Identification Number): L15421PN2000PLC014710. The current CIN is U15421PN2000PLC014710, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U15421PN2000PLC014710 | Current |
| L15421PN2000PLC014710 | Previous |
Contact details
Sidhanath Sugar Mills Limited's registered office is in Solapur, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address5 Park Stadiumrailway Lines, Solapur, Maharashtra, India – 413001
- IndustryAgriculture, Sugar Processing
To see the full contact details of Sidhanath Sugar Mills 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 Sidhanath Sugar Mills are manufacturing and electricity, gas, steam and air condition supply. In detail, this covers food, beverages and tobacco products and electric power generation, transmission and distribution. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products | |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Sidhanath Sugar Mills Limited, buy the company report.
Financials of Sidhanath Sugar Mills Limited
FY 2024 filings availableSidhanath Sugar Mills Limited reported revenue of ₹132.09 Cr (down 47% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 3% over three years, including a 47% fall in the latest year. EBITDA fell 139% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹6.49 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹52.92 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -4.9% | ||||
| Net Profit Margin | -40.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Sidhanath Sugar Mills Limited, buy the company report.
Board of directors of Sidhanath Sugar Mills Limited
Sidhanath Sugar Mills has 5 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Annarao Udhavrao Bhopale | Director | 21 Jul 2017 | 9 Years 3 Months | Current |
| Tukaram Bajrang Gund | Director | 19 Oct 2016 | 10 Years 0 Months | Current |
| Sushama Ankush Kedar | Director | 19 Oct 2016 | 10 Years 0 Months | Current |
| Dilip Bramhadeo Mane Also directs: Paddymine Food Products Private Limited | Managing Director | 27 Jun 2017 | 9 Years 3 Months | Current |
| Jayashri Dilip Mane Also directs: Paddymine Food Products Private Limited | Director | 27 Jun 2017 | 9 Years 3 Months | Current |
Peer comparison
Sidhanath Sugar Mills Limited is compared with the 7 companies closest to it by revenue in the Agriculture industry (Sugar, Transmission and Distribution), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| JGN Sugar and Biofuels Private Limited | ₹137.65 Cr (FY 2025) | 587.0% | Delhi, India | |||
| Ramdev Sugars Private Limited | ₹136.99 Cr (FY 2025) | 30.0% | Indore, Madhya Pradesh, India | |||
| Arihant Sugar Industriess Limited | ₹132.97 Cr (FY 2025) | -46.0% | Belgaum, Karnataka, India | |||
| Sidhanath Sugar Mills Limitedthis company | ₹132.09 Cr (FY 2024) | -₹52.92 Cr | -40.1% | -47.0% | 212 | Solapur, Maharashtra, India |
| Uttar Pradesh State Sugar Corpn Limited | ₹131.21 Cr (FY 2016) | 9.0% | Uttar Pradesh, India | |||
| Shree Tuljabhavani Sugar Private Limited | ₹129.71 Cr (FY 2025) | 256.0% | Parbhani, Maharashtra, India | |||
| Trident Sugars Limited | ₹126.4 Cr (FY 2019) | 49.0% | Zaheerabad, Telangana, India | |||
| Soubhagya Laxmi Sugars Limited | ₹126.32 Cr (FY 2019) | 90.0% | Gokak, Karnataka, India |
To see the full peer comparison of Sidhanath Sugar Mills Limited, buy the company report.
Auditor
Sidhanath Sugar Mills Limited is audited by Shrikant P.Thorat & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Shrikant P.Thorat & Co. | FY 2023 | 131941W |
Shareholding
The shareholding of Sidhanath Sugar Mills Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sidhanath Sugar Mills Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Jul 2024 | 100965856 | Others | ₹4.5 Cr | Open | |
| 23 Jun 2020 | 100350936 | Others | ₹50 Cr | Open | |
| 03 Jul 2019 | 100292964 | Others | ₹13.97 Cr | Open | |
| 21 Jun 2019 | 100288221 | Others | ₹8.8 Cr | Open | |
| 03 Jan 2019 | 100240345 | Others | ₹34.5 Cr | Open |
To see the full charge records of Sidhanath Sugar Mills Limited, buy the company report.
Total charge records: 24 View all charges
Deals & funding
Sidhanath Sugar Mills Limited has 6 deals on record (6 funding rounds), with disclosed funding of ₹49.95 Cr; the latest was in March 2015.
Deals on record (1 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2014 | Funding round | ₹3.2 Cr | Investors: 4 individuals |
To see the full deal history of Sidhanath Sugar Mills 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
Sidhanath Sugar Mills Limited has 14 court cases on record: 14 filed against it. 1 case is pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 13 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Solapur, Maharashtra | Civil suit | Filed against the company by Bharat Sanchar Nigam Ltd. Its Bhaskar Balkrishna Safar | Pending |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Indian Renewable Energy Developmentagency Limited | Disposed |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed against the company by an individual | Disposed |
| District court, Mah State Cooperative Appellat, Maharashtra | Civil suit | Filed against the company by The Solapur Zilla Madyavarti Sahakari Bank Ltd., Solapur. | Disposed |
| District court, Kolhapur, Maharashtra | Civil suit | Filed against the company by Kolhapur District Central Co. Op. Bank Ltd. Kolhapur Through Altafhusen Karimso Mujawar | Disposed |
To see the full case history of Sidhanath Sugar Mills 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.
Credit ratings & regulatory alerts
Sidhanath Sugar Mills Limited was last rated by Crisil on 11 Feb 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 11 Feb 2020 |
To see the full credit ratings and regulatory alerts of Sidhanath Sugar Mills Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sidhanath Sugar Mills Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Sidhanath Sugar Mills Limited has a workforce of 212 employees on its EPFO records as of Apr 07, 2025, across 2 active EPFO establishments.
GST
Sidhanath Sugar Mills has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCS0769P1ZN | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sidhanath Sugar Mills Limited, buy the company report.
Recent activity
Sidhanath Sugar Mills Limited has 16 board changes on record since 2009: 5 appointments and 11 cessations. The latest: Annarao Udhavrao Bhopale was appointed as Director on 21 Jul 2017.
45 earlier events are in the company report.
Frequently asked questions
Sidhanath Sugar Mills is an active public limited company based in Solapur, Maharashtra, India. The company works in sugar processing, within the agriculture industry. It was incorporated on 03 April 2000 (26+ years old) and is registered under CIN U15421PN2000PLC014710.
Sidhanath Sugar Mills has 5 current directors:
- Dilip Bramhadeo Mane - Managing Director
- Annarao Udhavrao Bhopale - Director
- Tukaram Bajrang Gund - Director
- Sushama Ankush Kedar - Director
- Jayashri Dilip Mane - Director
The latest financial statements of Sidhanath Sugar Mills 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 Sidhanath Sugar Mills is 27AAGCS0769P1ZN, registered in Maharashtra.
The CIN (Corporate Identification Number) of Sidhanath Sugar Mills is U15421PN2000PLC014710. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sidhanath Sugar Mills has 14 court cases on record: 14 filed against it. 1 is pending. Most are in the district courts.
Sidhanath Sugar Mills was incorporated on 03 April 2000, making it 26+ years old. It is registered with the Registrar of Companies, Pune.
Sidhanath Sugar Mills has 6 deals on record (6 funding rounds), with disclosed funding of ₹49.95 Cr; the latest was in March 2015.
The peers of Sidhanath Sugar Mills by revenue are JGN Sugar and Biofuels Private Limited, Ramdev Sugars Private Limited, Arihant Sugar Industriess Limited, Uttar Pradesh State Sugar Corpn Limited, Shree Tuljabhavani Sugar Private Limited and 2 more, all in the Agriculture industry (Sugar, Transmission and Distribution), with the same principal business activity (food, beverages and tobacco products).
Annarao Udhavrao Bhopale was appointed as Director on 21 Jul 2017. Dnyanoba Audumbar Surawase ceased to be Director on 28 Jun 2017. Madhavi Shinde Shrikant ceased to be Director on 28 Jun 2017. Sidhanath Sugar Mills has 16 board changes on record in total.
The registered office of Sidhanath Sugar Mills is at 5 Park Stadiumrailway Lines, Solapur, Maharashtra, India – 413001.