MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-HR-05-0013507
Market Cap
₹99.28 Cr
SMARTEN-SM · NSE
Share Price
₹51.00
-2.39% today
Revenue
₹243 Cr
FY 2025-26 · +20.3% YoY
EBITDA
₹11.97 Cr
Margin 4.9%
Net Profit
₹8.80 Cr
FY 2025-26 · -31.1% YoY
P/E (TTM)
11.7x
P/B 1.2x
Authorised capital
₹20 Cr
Registered with MCA
Paid-up capital
₹19 Cr
Issued & subscribed
About Smarten Power Systems Limited
Data last updated:
Smarten Power Systems Limited is a public limited company based in Gurgaon, Haryana, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 30 July 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Haryana, under CIN L31401HR2014PLC052897. Its GSTIN is 06AAUCS8044D1Z2 (Haryana). The company holds 4 GST registrations, of which 2 are active. It is a listed company as per MCA records. Its shares are listed on NSE: SMARTEN.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹19 Cr. It is led by directors including Arun Bhardwaj (Managing Director) and Tirath Singh Khaira (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 374 1st Floor Pace City – 2 Sector – 37, Gurgaon, Haryana, India – 122001.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹242.66 Cr, a growth of 20.3% compared to the previous year. For the same year it recorded a net profit of ₹8.8 Cr (net margin 3.6%) and EBITDA of ₹11.97 Cr (EBITDA margin 4.9%). The net worth stands at ₹83.64 Cr (up 117% YoY). Total assets are valued at ₹90.73 Cr (up 60.7% YoY).
The company has about 200 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Smarten Power Systems. As per MCA filings, the company has open charges of ₹30 Cr and satisfied charges of ₹8.76 Cr on record. Court records list 2 cases involving the company, including 2 filed against it. The company has 9 deals on record (5 secondary share transfers, 3 rights issues, 1 ipo); the latest was in July 2025. Its 8 peer companies in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 4 larger and 4 smaller; the largest is Axis Electrical Components (India) Private Limited with revenue of ₹204.94 Cr. The company has 4 MSME Form 1 returns on record between 2021 and 2023, listing 69 overdue payments to 32 micro and small suppliers.
Smarten Power Systems Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-HR-05-0013507). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website in.smartenpowersystems.com.
Company details
CIN L31401HR2014PLC052897
Registration Number 052897
Incorporation Date 30 July 2014
ROC Haryana
Listing Status Listed (NSE: SMARTEN)
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-HR-05-0013507
CIN history
Smarten Power Systems has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L31401HR2014PLC052897, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L31401HR2014PLC052897 | Current |
| U31401HR2014PTC052897 | Previous |
| U31401HR2014PLC052897 | Previous |
Key People
Arun Bhardwaj Managing Director Tirath Singh Khaira Whole-Time Director Rajnish Sharma Whole-Time Director Recognitions & Rankings of Smarten Power Systems
Contact details
Smarten Power Systems Limited's registered office is in Gurgaon, Haryana.
- Social Media
- Registered Address374 1st Floor Pace City – 2 Sector – 37, Gurgaon, Haryana, India – 122001
- IndustryEnergy and Power, Power Equipment Manufacturers
Comprehensive company report
Smarten Power Systems 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Smarten Power Systems operates one associated brand: Smarten Power Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of solar charging products | smartenpowersystems.com |
Business activity
The main business activity of Smarten Power Systems is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Smarten Power Systems Limited, buy the company report.
Financials of Smarten Power Systems Limited
FY 2025-26 filings availableSmarten Power Systems Limited reported revenue of ₹242.66 Cr (up 20.3% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹243 Cr
+20.3% YoY
EBITDA
₹11.97 Cr
-29.3% YoY
Profit After Tax
₹8.80 Cr
-31.1% YoY
Net Worth
₹83.64 Cr
+117.0% YoY
Total Assets
₹90.73 Cr
+60.7% YoY
Total Debt
₹5.48 Cr
-67.0% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | 243 | 202 | 195 | 180 | 164 | 96.08 |
| Revenue growth | +20.3% | +3.4% | +8.5% | +9.8% | +70.5% | - |
| EBITDA | 11.97 | 16.94 | 13.54 | 1.86 | 1.67 | 1.59 |
| EBITDA margin | +4.9% | +8.4% | +6.9% | +1.0% | +1.0% | +1.7% |
| Profit before tax | 11.78 | 17.17 | 16.09 | 7.20 | 5.52 | 3.13 |
| Net profit | 8.80 | 12.78 | 11.30 | 5.14 | 3.99 | 2.34 |
| Net profit margin | +3.6% | +6.3% | +5.8% | +2.9% | +2.4% | +2.4% |
| EPS (₹) | 4.63 | 8.51 | 112.90 | 51.57 | 165.89 | 96.55 |
| Balance sheet | ||||||
| Total assets | 90.73 | 56.47 | 33.43 | 19.37 | 11.60 | 6.47 |
| Net worth | 83.64 | 38.54 | 25.77 | 14.48 | 8.56 | 4.61 |
| Total debt | 5.48 | 16.59 | 6.68 | 4.13 | 2.41 | 1.56 |
| Cash & bank | 2.56 | 3.32 | 2.52 | 1.91 | 2.72 | 1.99 |
| Net working capital | 63.31 | 44.97 | 27.61 | 14.48 | 6.64 | 3.57 |
| Cash flow | ||||||
| Cash from operations | (8.08) | (2.51) | 0.16 | (2.54) | 2.63 | 1.83 |
| Cash from investing | (16.82) | (5.80) | (1.50) | (0.35) | (2.41) | (2.20) |
| Cash from financing | 24.14 | 9.11 | 1.95 | 2.09 | 0.52 | 1.26 |
| Particulars | Sep 2024 | Jun 2024 |
|---|---|---|
| Revenue | 46.76 | 61.44 |
| Other income | 0.30 | 0.62 |
| EBITDA | 2.26 | 5.17 |
| EBITDA margin | +4.8% | +8.4% |
| Depreciation | 0.10 | 0.10 |
| Interest | 0.12 | 0.16 |
| Profit before tax | 2.34 | 5.53 |
| Tax | 0.40 | 1.47 |
| Net profit | 1.94 | 4.06 |
| EPS (₹) | 0.00 | 2.70 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | 229 | 180 | 179 | 170 | 163 | 96.08 |
| Revenue growth | +27.7% | +0.3% | +5.2% | +4.6% | +69.3% | - |
| EBITDA | 11.37 | 15.86 | 13.47 | 2.40 | 1.61 | 1.59 |
| EBITDA margin | +5.0% | +8.8% | +7.5% | +1.4% | +1.0% | +1.7% |
| Profit before tax | 11.08 | 15.82 | 15.26 | 6.66 | 5.48 | 3.13 |
| Net profit | 8.27 | 11.72 | 10.73 | 4.76 | 3.96 | 2.34 |
| Net profit margin | +3.6% | +6.5% | +6.0% | +2.8% | +2.4% | +2.4% |
| EPS (₹) | 4.35 | 7.83 | 107.30 | 47.50 | 164.73 | 96.55 |
| Balance sheet | ||||||
| Total assets | 88.21 | 54.48 | 32.47 | 18.97 | 11.61 | 6.47 |
| Net worth | 81.12 | 36.55 | 24.81 | 14.08 | 8.57 | 4.61 |
| Total debt | 5.48 | 16.59 | 6.68 | 4.13 | 2.41 | 1.56 |
| Cash & bank | 1.12 | 3.09 | 2.27 | 1.64 | 2.65 | 1.99 |
| Net working capital | 60.80 | 42.96 | 26.65 | 14.09 | 6.65 | 3.57 |
| Cash flow | ||||||
| Cash from operations | (9.33) | (2.50) | 0.15 | (2.76) | 2.55 | 1.83 |
| Cash from investing | (16.82) | (5.80) | (1.50) | (0.35) | (2.41) | (2.20) |
| Cash from financing | 24.18 | 9.13 | 1.98 | 2.10 | 0.52 | 1.26 |
| Particulars | Sep 2024 | Jun 2024 |
|---|---|---|
| Revenue | 31.08 | 61.44 |
| Other income | (0.07) | 0.62 |
| Total expenses | 29.91 | 56.27 |
| EBITDA | 1.17 | 5.17 |
| EBITDA margin | +3.8% | +8.4% |
| Depreciation | 0.10 | 0.10 |
| Interest | 0.10 | 0.16 |
| Profit before tax | 0.90 | 5.53 |
| Tax | 0.04 | 1.47 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 24 Oct 2026
| Particulars | Sep 2024 | Jun 2024 |
|---|---|---|
| Revenue | 46.76 | 61.44 |
| Other income | 0.30 | 0.62 |
| EBITDA | 2.26 | 5.17 |
| EBITDA margin | +4.8% | +8.4% |
| Depreciation | 0.10 | 0.10 |
| Interest | 0.12 | 0.16 |
| Profit before tax | 2.34 | 5.53 |
| Tax | 0.40 | 1.47 |
| Net profit | 1.94 | 4.06 |
| EPS (₹) | 0.00 | 2.70 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Revenue | 243 | 202 | 195 | 180 | 164 | 96.08 |
| Revenue growth | +20.3% | +3.4% | +8.5% | +9.8% | +70.5% | - |
| Other income | 1.64 | 1.45 | 3.54 | 6.13 | 4.56 | 1.97 |
| Total expenses | 231 | 185 | 182 | 178 | 162 | 94.49 |
| Employee cost | 0.00 | 14.98 | 12.19 | 11.77 | 9.17 | 6.76 |
| EBITDA | 11.97 | 16.94 | 13.54 | 1.86 | 1.67 | 1.59 |
| EBITDA margin | +4.9% | +8.4% | +6.9% | +1.0% | +1.0% | +1.7% |
| Depreciation | 0.78 | 0.41 | 0.39 | 0.39 | 0.37 | 0.28 |
| Interest | 1.05 | 0.81 | 0.60 | 0.40 | 0.34 | 0.15 |
| Profit before tax | 11.78 | 17.17 | 16.09 | 7.20 | 5.52 | 3.13 |
| Tax | 2.98 | 4.39 | 4.79 | 2.06 | 1.53 | 0.79 |
| Net profit | 8.80 | 12.78 | 11.30 | 5.14 | 3.99 | 2.34 |
| Net profit margin | +3.6% | +6.3% | +5.8% | +2.9% | +2.4% | +2.4% |
| EPS (₹) | 4.63 | 8.51 | 112.90 | 51.57 | 165.89 | 96.55 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Equity & liabilities | ||||||
| Share capital | 19.00 | 15.00 | 1.00 | 1.00 | 0.24 | 0.24 |
| Reserves & surplus | 64.64 | 23.54 | 24.77 | 13.48 | 8.32 | 4.37 |
| Shareholders' funds (net worth) | 83.64 | 38.54 | 25.77 | 14.48 | 8.56 | 4.61 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 5.48 | 16.59 | 6.68 | 4.13 | 2.41 | 1.56 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total debt | 5.48 | 16.59 | 6.68 | 4.13 | 2.41 | 1.56 |
| Total liabilities | 90.73 | 56.47 | 33.43 | 19.37 | 11.60 | 6.47 |
| Assets | ||||||
| Gross block | 23.46 | 6.98 | 6.85 | 6.25 | 6.02 | 2.03 |
| Net block | 20.25 | 4.56 | 4.83 | 4.63 | 4.78 | 1.16 |
| Capital work in progress | 6.89 | 4.58 | 0.88 | 0.12 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 39.28 | 34.01 | 22.68 | 30.50 | 20.52 | 13.84 |
| Sundry debtors | 51.57 | 38.23 | 42.70 | 32.24 | 27.28 | 12.77 |
| Cash & bank balances | 2.56 | 3.32 | 2.52 | 1.91 | 2.72 | 1.99 |
| Loans & advances | 17.96 | 10.18 | 5.53 | 6.48 | 6.54 | 8.48 |
| Total current assets | 111 | 85.74 | 73.43 | 71.13 | 57.06 | 37.08 |
| Total current liabilities | 48.06 | 40.77 | 45.82 | 56.65 | 50.42 | 33.51 |
| Net working capital | 63.31 | 44.97 | 27.61 | 14.48 | 6.64 | 3.57 |
| Total assets | 90.73 | 56.47 | 33.43 | 19.37 | 11.60 | 6.47 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Opening cash | 3.32 | 2.52 | 1.91 | 2.72 | 1.99 | 1.10 |
| Net cash from operating activities | (8.08) | (2.51) | 0.16 | (2.54) | 2.63 | 1.83 |
| Net cash from investing activities | (16.82) | (5.80) | (1.50) | (0.35) | (2.41) | (2.20) |
| Net cash from financing activities | 24.14 | 9.11 | 1.95 | 2.09 | 0.52 | 1.26 |
| Net change in cash | (0.76) | 0.80 | 0.61 | (0.81) | 0.73 | 0.90 |
| Closing cash | 2.56 | 3.32 | 2.52 | 1.91 | 2.72 | 1.99 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Growth | ||||||
| Sales growth | +20.3% | +3.4% | +8.5% | +9.8% | +70.5% | - |
| EBITDA growth | -29.3% | +25.1% | +628.0% | +11.4% | +5.0% | - |
| PBT growth | -31.4% | +6.7% | +123.5% | +30.4% | +76.4% | +9997.0% |
| Net income growth | -31.1% | +13.1% | +119.8% | +28.8% | +70.5% | - |
| Revenue CAGR (3Y) | +10.5% | +7.2% | +26.7% | - | - | - |
| EBITDA CAGR (3Y) | +86.0% | +116.5% | +104.2% | - | - | - |
| Profitability & leverage | ||||||
| Net income margin | +3.6% | +6.3% | +5.8% | +2.9% | +2.4% | +2.4% |
| Return on capital employed | - | +40.0% | +63.2% | +49.1% | +64.9% | +50.4% |
| Return on net worth | - | +39.7% | +56.1% | +44.8% | +60.6% | +50.3% |
| Debt / equity | - | 0.36 | 0.27 | 0.28 | 0.30 | 0.34 |
| Long-term debt / equity | - | 0.04 | 0.02 | 0.04 | 0.06 | 0.02 |
| Interest cover | 9.38 | 4.90 | 4.56 | 27.21 | 26.15 | 11.45 |
| Efficiency & per share | ||||||
| Fixed asset turnover | - | 29.18 | 29.80 | 29.33 | 40.71 | 47.33 |
| Inventory turnover | - | 7.12 | 7.34 | 7.05 | 9.54 | 6.94 |
| Debtors turnover | - | 4.99 | 5.21 | 6.05 | 8.18 | 7.52 |
| EPS (₹) | 4.63 | 8.51 | 112.90 | 51.57 | 165.89 | 96.55 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 25.69 | 257.67 | 144.77 | 355.96 | 191.72 |
| Particulars | Sep 2024 | Jun 2024 |
|---|---|---|
| Revenue | 31.08 | 61.44 |
| Other income | (0.07) | 0.62 |
| Total expenses | 29.91 | 56.27 |
| EBITDA | 1.17 | 5.17 |
| EBITDA margin | +3.8% | +8.4% |
| Depreciation | 0.10 | 0.10 |
| Interest | 0.10 | 0.16 |
| Profit before tax | 0.90 | 5.53 |
| Tax | 0.04 | 1.47 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Revenue | 229 | 180 | 179 | 170 | 163 | 96.08 |
| Revenue growth | +27.7% | +0.3% | +5.2% | +4.6% | +69.3% | - |
| Other income | 1.50 | 1.16 | 2.75 | 5.02 | 4.57 | 1.97 |
| Total expenses | 218 | 164 | 165 | 168 | 161 | 94.49 |
| Employee cost | 0.00 | 13.90 | 11.47 | 11.03 | 9.23 | 6.76 |
| EBITDA | 11.37 | 15.86 | 13.47 | 2.40 | 1.61 | 1.59 |
| EBITDA margin | +5.0% | +8.8% | +7.5% | +1.4% | +1.0% | +1.7% |
| Depreciation | 0.78 | 0.41 | 0.39 | 0.39 | 0.37 | 0.28 |
| Interest | 1.01 | 0.79 | 0.57 | 0.37 | 0.33 | 0.15 |
| Profit before tax | 11.08 | 15.82 | 15.26 | 6.66 | 5.48 | 3.13 |
| Tax | 2.81 | 4.10 | 4.53 | 1.90 | 1.52 | 0.79 |
| Net profit | 8.27 | 11.72 | 10.73 | 4.76 | 3.96 | 2.34 |
| Net profit margin | +3.6% | +6.5% | +6.0% | +2.8% | +2.4% | +2.4% |
| EPS (₹) | 4.35 | 7.83 | 107.30 | 47.50 | 164.73 | 96.55 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Equity & liabilities | ||||||
| Share capital | 19.00 | 15.00 | 1.00 | 1.00 | 0.24 | 0.24 |
| Reserves & surplus | 62.12 | 21.55 | 23.81 | 13.08 | 8.33 | 4.37 |
| Shareholders' funds (net worth) | 81.12 | 36.55 | 24.81 | 14.08 | 8.57 | 4.61 |
| Secured loans | 5.48 | 16.59 | 6.68 | 4.13 | 2.41 | 1.56 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total debt | 5.48 | 16.59 | 6.68 | 4.13 | 2.41 | 1.56 |
| Total liabilities | 88.21 | 54.48 | 32.47 | 18.97 | 11.61 | 6.47 |
| Assets | ||||||
| Gross block | 23.46 | 6.98 | 6.85 | 6.37 | 6.02 | 2.03 |
| Net block | 20.25 | 4.56 | 4.83 | 4.75 | 4.78 | 1.16 |
| Capital work in progress | 6.89 | 4.58 | 0.88 | 0.00 | 0.00 | 0.00 |
| Investments | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 |
| Inventories | 38.79 | 33.08 | 22.44 | 29.99 | 20.20 | 13.84 |
| Sundry debtors | 49.65 | 35.27 | 41.15 | 32.16 | 27.22 | 12.77 |
| Cash & bank balances | 1.12 | 3.09 | 2.27 | 1.64 | 2.65 | 1.99 |
| Loans & advances | 17.30 | 10.66 | 4.63 | 5.45 | 5.87 | 8.48 |
| Total current assets | 107 | 82.10 | 70.49 | 69.24 | 55.94 | 37.08 |
| Total current liabilities | 46.06 | 39.14 | 43.84 | 55.15 | 49.29 | 33.51 |
| Net working capital | 60.80 | 42.96 | 26.65 | 14.09 | 6.65 | 3.57 |
| Total assets | 88.21 | 54.48 | 32.47 | 18.97 | 11.61 | 6.47 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Opening cash | 3.09 | 2.27 | 1.64 | 2.65 | 1.99 | 1.10 |
| Net cash from operating activities | (9.33) | (2.50) | 0.15 | (2.76) | 2.55 | 1.83 |
| Net cash from investing activities | (16.82) | (5.80) | (1.50) | (0.35) | (2.41) | (2.20) |
| Net cash from financing activities | 24.18 | 9.13 | 1.98 | 2.10 | 0.52 | 1.26 |
| Net change in cash | (1.97) | 0.83 | 0.62 | (1.01) | 0.66 | 0.90 |
| Closing cash | 1.12 | 3.09 | 2.27 | 1.64 | 2.65 | 1.99 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Growth | ||||||
| Sales growth | +27.7% | +0.3% | +5.2% | +4.6% | +69.3% | - |
| EBITDA growth | -28.3% | +17.7% | +461.3% | +49.1% | +1.3% | - |
| PBT growth | -30.0% | +3.7% | +129.1% | +21.5% | +75.1% | +9997.0% |
| Net income growth | -29.4% | +9.2% | +125.4% | +20.2% | +69.2% | - |
| Revenue CAGR (3Y) | +10.5% | +3.4% | +23.0% | - | - | - |
| EBITDA CAGR (3Y) | +68.0% | +114.4% | +103.9% | - | - | - |
| Profitability & leverage | ||||||
| Net income margin | +3.6% | +6.5% | +6.0% | +2.8% | +2.4% | +2.4% |
| Return on capital employed | - | +38.3% | +61.6% | +45.9% | +64.3% | +50.4% |
| Return on net worth | - | +38.3% | +55.2% | +41.9% | +60.1% | +50.3% |
| Debt / equity | - | 0.38 | 0.28 | 0.29 | 0.30 | 0.34 |
| Long-term debt / equity | - | 0.04 | 0.02 | 0.04 | 0.06 | 0.02 |
| Interest cover | 9.54 | 5.11 | 4.36 | 18.41 | 26.61 | 11.45 |
| Efficiency & per share | ||||||
| Fixed asset turnover | - | 25.96 | 27.07 | 27.45 | 40.40 | 47.33 |
| Inventory turnover | - | 6.47 | 6.83 | 6.78 | 9.55 | 6.94 |
| Debtors turnover | - | 4.70 | 4.88 | 5.73 | 8.13 | 7.52 |
| EPS (₹) | 4.35 | 7.83 | 107.30 | 47.50 | 164.73 | 96.55 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 24.37 | 248.13 | 140.83 | 356.46 | 191.72 |
To see the full year-wise statements and ratios of Smarten Power Systems Limited, buy the company report.
Board of directors of Smarten Power Systems Limited
Smarten Power Systems has 7 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tirath Singh Khaira Also directs: Nitant Global Private Limited, J S Khaira Fashions Private Limited | Whole-Time Director | 19 Sep 2017 | 9 Years 1 Months | Current |
| Rajnish Sharma | Whole-Time Director | 30 Jul 2014 | 12 Years 2 Months | Current |
| Ravi Dutt Also directs: Nitant Global Private Limited | Whole-Time Director | 24 Nov 2014 | 11 Years 11 Months | Current |
| Arun Bhardwaj | Managing Director | 03 Sep 2014 | 12 Years 1 Months | Current |
| Vaishali Srivastava Also directs: Eapro Global Limited | Director | 21 Nov 2024 | 1 Years 11 Months | Current |
| Tejas Pralhad Karhadkar | Director | 21 Nov 2024 | 1 Years 11 Months | Current |
Showing 6 of 7 current directors. View all directors
Peer comparison
Smarten Power Systems Limited is compared with the 8 companies closest to it by revenue in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Smarten Power Systems Limitedthis company | ₹242.66 Cr (FY 2026) | ₹8.8 Cr | 3.6% | 20.3% | Gurgaon, Haryana, India | |
| Axis Electrical Components (India) Private Limited | ₹204.94 Cr (FY 2025) | 45.0% | Mumbai, Maharashtra, India | |||
| RTS Power Corporation Ltd | ₹204.72 Cr (FY 2025) | 40.0% | Kolkata, West Bengal, India | |||
| Katyaini Products Private Limited | ₹204.24 Cr (FY 2025) | 1.0% | Jaipur, Rajasthan, India | |||
| Statcon Energiaa Private Limited | ₹204.04 Cr (FY 2025) | 18.0% | Delhi, India | |||
| SGB Transformers India Private Limited | ₹202.05 Cr (FY 2025) | -22.0% | Chennai, Tamil Nadu, India | |||
| Unipower Transformers Private Limited | ₹200.33 Cr (FY 2025) | -44.0% | Kunnathunad, Kerala, India | |||
| Electrofab Innovations (India) Private Limited | ₹200.12 Cr (FY 2025) | 17.0% | Nashik, Maharashtra, India | |||
| Iac Electricals Pvt Ltd | ₹198.63 Cr (FY 2025) | 16.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Smarten Power Systems Limited, buy the company report.
Charges & borrowings
Open charges
₹30 Cr
Satisfied charges
₹8.76 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Sep 2025 | 101159780 | Others | ₹4 Cr | Open | |
| 29 Mar 2023 | 100701130 | Others | ₹26 Cr | Open | |
| 03 Mar 2025 | 101057265 | Others | ₹3.5 Cr | Satisfied | |
| 07 Nov 2023 | 100826920 | Others | ₹2.5 Cr | Satisfied | |
| 16 Sep 2023 | 100820614 | Hdfc Bank Limited | ₹23.21 Lakh | Satisfied |
To see the full charge records of Smarten Power Systems Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Smarten Power Systems Limited has 9 deals on record (5 secondary share transfers, 3 rights issues, 1 ipo); the latest was in July 2025.
Total deals
9
Secondary share transfers
5
Rights issues
3
IPO
1
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2025 | IPO | ₹50 Cr | Investors: Public Market Investors Seller: 4 individuals |
| Sep 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 3 individuals |
| Sep 2024 | Secondary share transfer | Undisclosed | Buyer: Bay Capital Partners Pte Limited, Manish Kirit Shah HUF, 2 individuals Seller: 4 individuals |
| Aug 2022 | Rights issue | ₹75.9 Lakh | Investors: 4 individuals |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
To see the full deal history of Smarten Power Systems 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
Smarten Power Systems Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Total cases
2
Filed against the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (1 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Court case (TRAFFIC) | Filed against the company by State of Haryana | Disposed |
To see the full case history of Smarten Power Systems 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
Smarten Power Systems Limited has 4 MSME Form 1 returns on record between 2021 and 2023, listing 69 overdue payments to 32 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 32)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Veesu Creations LLP |
To see the full MSME payment records of Smarten Power Systems Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Smarten Power Systems has 4 GST registrations: 2 active and 2 cancelled or inactive.
Total GSTINs
4
Active
2
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAUCS8044D1Z2 | Haryana | Active | 01 Jul 2017 |
| 29AAUCS8044D1ZU | Karnataka | Active | 24 Dec 2024 |
To see the full GST registrations and return filing status of Smarten Power Systems Limited, buy the company report.
Recent activity
Smarten Power Systems Limited has 14 board changes on record since 2014: 8 appointments and 6 cessations. The latest: Khyati Pahuja was appointed as Director on 02 Apr 2026.
Charges
A charge with Others of Rs. 26.00 Cr registered on 29 Mar 2023 with Charge ID 100701130 was modified on 28 Apr 2026.
Appointed
Khyati Pahuja was appointed as Director.
Filing
Smarten Power Systems Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Haryana.
AGM
Smarten Power Systems Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 4.00 Cr with Charge ID 101159780 was registered on 19 Sep 2025.
Charges
A charge registered on 03 Mar 2025 via Charge ID 101057265 with Others was fully satisfied on 03 Sep 2025.
Charges
A charge registered on 07 Nov 2023 via Charge ID 100826920 with Others was fully satisfied on 03 Sep 2025.
Charges
A charge with Others of Rs. 2.50 Cr registered on 07 Nov 2023 with Charge ID 100826920 was modified on 07 Mar 2025.
Charges
A charge with Others amounted to Rs. 3.50 Cr with Charge ID 101057265 was registered on 03 Mar 2025.
Appointed
Amit Vijay Karia was appointed as Director.
Appointed
Tejas Pralhad Karhadkar was appointed as Director.
Appointed
Vaishali Srivastava was appointed as Director.
21 earlier events are in the company report.
News
Frequently asked questions
Smarten Power Systems is an active public limited company based in Gurgaon, Haryana, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 30 July 2014 (12+ years old) and is registered under CIN L31401HR2014PLC052897. Listed on NSE: SMARTEN.
Smarten Power Systems reported revenue of ₹242.66 Cr for FY 2025-26 (up 20.3% YoY) based on consolidated financials.
Smarten Power Systems has 7 current directors:
- Arun Bhardwaj - Managing Director
- Tirath Singh Khaira - Whole-Time Director
- Rajnish Sharma - Whole-Time Director
- Ravi Dutt - Whole-Time Director
- Vaishali Srivastava - Director
- Tejas Pralhad Karhadkar - Director
- Khyati Pahuja - Director
The latest financial statements of Smarten Power Systems on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Smarten Power Systems is 06AAUCS8044D1Z2, registered in Haryana. The company has 4 GST registrations in all, of which 2 are active and 2 are cancelled or inactive. Other active GSTINs include 29AAUCS8044D1ZU (Karnataka).
The CIN (Corporate Identification Number) of Smarten Power Systems is L31401HR2014PLC052897. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Smarten Power Systems is a listed company as per MCA records. Its shares are listed on NSE (symbol: SMARTEN).
Smarten Power Systems has 2 court cases on record: 2 filed against it.
Smarten Power Systems was incorporated on 30 July 2014, making it 12+ years old. It is registered with the Registrar of Companies, Haryana.
Smarten Power Systems has 9 deals on record (5 secondary share transfers, 3 rights issues, 1 ipo); the latest was in July 2025.
The peers of Smarten Power Systems by revenue are Axis Electrical Components (India) Private Limited, RTS Power Corporation Ltd, Katyaini Products Private Limited, Statcon Energiaa Private Limited, SGB Transformers India Private Limited and 3 more, all in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Khyati Pahuja was appointed as Director on 02 Apr 2026. Amit Vijay Karia was appointed as Director on 21 Nov 2024. Tejas Pralhad Karhadkar was appointed as Director on 21 Nov 2024. Smarten Power Systems has 14 board changes on record in total.