Solapur Sugar Limited
About Solapur Sugar Limited
Data last updated:
Solapur Sugar 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 09 June 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U15421PN2010PLC136535.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Dhaval Kiritbhai Patel and Bipinbhai Mahijibhai Patel.
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 Padmavati Complex 91 Civil Lines Saat Rasta, Solapur, Maharashtra, India – 413003.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.26 Lakh. For the same year it recorded a net profit of ₹1.61 Lakh (net margin 37.7%) and EBITDA of ₹2.21 Lakh (EBITDA margin 51.8%). Revenue has grown at a compounded annual rate (CAGR) of 81% over three years.
As per MCA filings, the company has satisfied charges of ₹1 Cr on record. Court records list 6 cases involving the company, including 1 filed by the company and 5 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressPadmavati Complex 91 Civil Lines Saat Rasta, Solapur, Maharashtra, India – 413003
- IndustryAgriculture, Sugar Processing
- 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
- One PDF report, delivered after checkout
Financials of Solapur Sugar Limited FY 2025 filings available
Solapur Sugar Limited reported revenue of ₹4.26 Lakh for FY 2024.
Compounded Annual Growth Rate (CAGR) of Solapur Sugar Limited
Revenue has grown at a compounded annual rate (CAGR) of 81% over three years. EBITDA rose 228% 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 of Solapur Sugar Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| 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 | ₹2.21 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.61 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Investments | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Solapur Sugar Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 51.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 37.7% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Solapur Sugar are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Solapur Sugar Limited
Solapur Sugar has 5 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhaval Kiritbhai Patel Also directs: Mehul Construction Company Pvt Ltd | Director | 09 Jun 2010 | 16 Years 4 Months | Current |
| Bipinbhai Mahijibhai Patel Also directs: Mehul Construction Company Pvt Ltd | Director | 09 Jun 2010 | 16 Years 4 Months | Current |
| Mehul Bipinbhai Patel Also directs: Mehul Construction Company Pvt Ltd | Director | 09 Jun 2010 | 16 Years 4 Months | Current |
| Amit Satishbhai Patel Also directs: Mehul Construction Company Pvt Ltd | Director | 09 Jun 2010 | 16 Years 4 Months | Current |
| Hareshbhai Mahijibhai Patel Also directs: Mehul Construction Company Pvt Ltd | Director | 09 Jun 2010 | 16 Years 4 Months | Current |
Peer Comparison of Solapur Sugar Limited
Solapur Sugar Limited is compared with the companies closest to it by revenue in the Agriculture industry (Sugar). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vivek Agro Industries Private Limited | ₹5.22 Lakh (FY 2025) | •••• | •••• | 98.0% | •••• | Kolkata, West Bengal, India |
| Puranpur Krishi Saubhagya Private Limited | ₹5.05 Lakh (FY 2025) | •••• | •••• | •••• | Pooranpur, Uttar Pradesh, India | |
| Linta Sugar and Chemicals Private Limited | ₹4.98 Lakh (FY 2025) | •••• | •••• | •••• | Lucknow, Uttar Pradesh, India | |
| JKC Estates & Investments(Uf) Private Limited | ₹4.8 Lakh (FY 2025) | •••• | •••• | •••• | Gurdaspur, Punjab, India | |
| Virya Foods Private Limited | ₹4.78 Lakh (FY 2025) | •••• | •••• | 33.0% | •••• | Jalandhar, Punjab, India |
| Solapur Sugar Limited this company | ₹4.26 Lakh (FY 2024) | •••• | •••• | •••• | Solapur, Maharashtra, India | |
| Shri Bhagwati Sugar Mills Limited | ₹4.19 Lakh (FY 2024) | •••• | •••• | -11.0% | •••• | Varanasi, Uttar Pradesh, India |
| Astro Sugar Engineers Pvt Ltd | ₹4.16 Lakh (FY 2016) | •••• | •••• | -15.0% | •••• | Pune, Maharashtra, India |
| Venkateshwara Agro Sugar Products Private Limited | ₹4.1 Lakh (FY 2019) | •••• | •••• | 8.0% | •••• | Mumbai, Maharashtra, India |
| Sugar Spark Cakes Private Limited | ₹4.02 Lakh (FY 2025) | •••• | •••• | •••• | Jaipur, Rajasthan, India | |
| Seksaria Behta Sugar Factory Private Limited | ₹3.85 Lakh (FY 2025) | •••• | •••• | -10.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Solapur Sugar by revenue in the Agriculture industry (Sugar), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Solapur Sugar Limited
Solapur Sugar Limited is audited by REETESH CHAMPAK & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| REETESH CHAMPAK & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Solapur Sugar Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Solapur Sugar Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Jan 2020 | Canara Bank | ₹1 Cr | Satisfied |
Total charge records: 1 View all charges
Legal Cases of Solapur Sugar Limited
Solapur Sugar Limited has 6 court cases on record: 1 filed by Solapur Sugar, 5 filed against it. 1 case is pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 4 | 1 |
| District courts | 2 | 1 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed against the company by Jankalyan Sugars Limited | Pending |
| Bombay High Court | Writ petition | Filed against the company by Jankalyan Sugars Limited | Disposed |
| Bombay High Court | Court case (CAW) | Filed against the company by Jankalyan Sugars Limited | Disposed |
| Bombay High Court | Court case (CAW) | Filed against the company by Jankalyan Sugars Limited | Disposed |
| District court, Solapur, Maharashtra | Court case (Civil M.A.) | Filed by the company against individuals | Disposed |
Full case history
All 6 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Solapur Sugar Limited
Employment history and EPFO contributions of people linked to Solapur Sugar.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Solapur Sugar Limited
Solapur Sugar Limited has 7 board changes on record since 2010: 5 appointments and 2 cessations. The latest: Kiritbhai Mahijibhai Patel ceased to be Director on 17 Dec 2018.
Credit Ratings, Litigation & Regulatory Alerts for Solapur Sugar Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Solapur Sugar Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Solapur Sugar Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Solapur Sugar Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Solapur Sugar Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Solapur Sugar Limited
Solapur Sugar 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 09 June 2010 (16+ years old) and is registered under CIN U15421PN2010PLC136535.
Solapur Sugar reported revenue of ₹4.26 Lakh for FY 2024.
Solapur Sugar has 5 current directors:
- Dhaval Kiritbhai Patel - Director
- Bipinbhai Mahijibhai Patel - Director
- Mehul Bipinbhai Patel - Director
- Amit Satishbhai Patel - Director
- Hareshbhai Mahijibhai Patel - Director
Solapur Sugar reported a net profit of ₹1.61 Lakh (net margin 37.7%) and EBITDA of ₹2.21 Lakh (EBITDA margin 51.8%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Solapur Sugar is 81% over three years. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Solapur Sugar is U15421PN2010PLC136535. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solapur Sugar has 6 court cases on record: 1 filed by the company and 5 filed against it. 1 is pending. Most are in the high courts.
Solapur Sugar was incorporated on 09 June 2010, making it 16+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Solapur Sugar by revenue are Vivek Agro Industries Private Limited, Puranpur Krishi Saubhagya Private Limited, Linta Sugar and Chemicals Private Limited, JKC Estates & Investments(Uf) Private Limited, Virya Foods Private Limited and 5 more, all in the Agriculture industry (Sugar).
Kiritbhai Mahijibhai Patel ceased to be Director on 17 Dec 2018. Hardik Hareshbhai Patel ceased to be Director on 25 Jan 2016. Amit Satishbhai Patel was appointed as Director on 09 Jun 2010. Solapur Sugar has 7 board changes on record in total.
The registered office of Solapur Sugar is at Padmavati Complex 91 Civil Lines Saat Rasta, Solapur, Maharashtra, India – 413003.