About SPS Steels Rolling Mills Limited
Data last updated:
SPS Steels Rolling Mills Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 26 December 1981 and has been in existence for over 45 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN L51909WB1981PLC034409. Its GSTIN is 19AAHCS8719G1ZW (West Bengal). The company holds 6 GST registrations, of which 2 are active. It is a listed company as per MCA records.
The company has an authorised share capital of ₹82.5 Cr and a paid-up capital of ₹80.5 Cr. It was formerly known as Elegant Commerce Ltd. It is led by directors including Deepak Kumar Agarwal (Managing Director) and Ashok Kumar Sharma.
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Kolkata, West Bengal.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,936.02 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹82.19 Cr (net margin 4.2%) and EBITDA of ₹163.76 Cr (EBITDA margin 8.5%).
The company has about 1,553 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹1,265.45 Cr and satisfied charges of ₹2,873.4 Cr on record. Court records list 68 cases involving the company, including 48 filed by the company and 20 filed against it; 17 cases are pending. The company has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹150.31 Cr; the latest was in August 2022. Its 5 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products) are compared by revenue, 4 larger and 1 smaller; the largest is Jay Jagdamba Limited with revenue of ₹2,212.46 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 spsgroup.co.in.
Company details
CIN history
SPS Steels Rolling Mills has one previous CIN (Corporate Identification Number): U51909WB1981PTC034409. The current CIN is L51909WB1981PLC034409, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L51909WB1981PLC034409 | Current |
| U51909WB1981PTC034409 | Previous |
Contact details
SPS Steels Rolling Mills Limited's registered office is in Kolkata, West Bengal. Its website is spsgroup.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressDiamond Prestige 41A A.J.C Bose Road 7th Floor Room N, O.701, Kolkata, West Bengal, India – 700017
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of SPS Steels Rolling 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 activity of SPS Steels Rolling Mills 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 SPS Steels Rolling Mills Limited, buy the company report.
Financials of SPS Steels Rolling Mills Limited
FY 2025 filings availableSPS Steels Rolling Mills Limited reported revenue of ₹1,936.02 Cr (up 3% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 3% in the latest year. EBITDA fell 18% in the latest 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 | ₹1,936.02 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹163.76 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹82.19 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 | 8.5% | ||||
| Net Profit Margin | 4.2% | ||||
| 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 SPS Steels Rolling Mills Limited, buy the company report.
Board of directors of SPS Steels Rolling Mills Limited
SPS Steels Rolling Mills has 5 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepak Kumar Agarwal | Managing Director | 11 Apr 2019 | 7 Years 7 Months | Current |
| Ashok Kumar Sharma | Director | 13 Aug 2021 | 5 Years 2 Months | Current |
| Priyanka Goenka Also directs: Shakambhari Ispat & Power Limited, India Foils Limited | Director | 20 Jun 2019 | 7 Years 4 Months | Current |
| Pranab Sarkar Also directs: Shakambhari Ispat & Power Limited, Ess Dee Aluminium Private Limited, Maa Kali Steel & Power Private Limited and 1 more | Director | 01 Aug 2023 | 3 Years 3 Months | Current |
| Vikrant Ranjan Also directs: Shakambhari Ispat & Power Limited, Eloquent Steel Iron Private Limited, Eloquent Steel Private Limited and 4 more | Director | 30 May 2023 | 3 Years 5 Months | Current |
Peer comparison
SPS Steels Rolling Mills Limited is compared with the 5 companies closest to it by revenue in the Metals and Minerals industry (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 |
|---|---|---|---|---|---|---|
| Jay Jagdamba Limited | ₹2,212.46 Cr (FY 2025) | 48.0% | Panvel, Maharashtra, India | |||
| B.S. Sponge Private Limited | ₹2,192.52 Cr (FY 2025) | 47.0% | Kolkata, West Bengal, India | |||
| Nandan Steels and Power Limited | ₹2,162.85 Cr (FY 2024) | 58.0% | Raipur, Chhattisgarh, India | |||
| Captain Steel India Limited | ₹2,143.29 Cr (FY 2025) | 15.0% | Kolkata, West Bengal, India | |||
| Synergy Advanced Metals Limited | ₹1,998.26 Cr (FY 2025) | 0.0% | New Delhi, Delhi, India | |||
| SPS Steels Rolling Mills Limitedthis company | ₹1,936.02 Cr (FY 2025) | ₹82.19 Cr | 4.2% | 3.0% | 1,553 | Kolkata, West Bengal, India |
To see the full peer comparison of SPS Steels Rolling Mills Limited, buy the company report.
Auditor
SPS Steels Rolling Mills Limited is audited by V Singhi & Associates for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V Singhi & Associates | FY 2025 | 311017E |
Shareholding
The shareholding of SPS Steels Rolling Mills Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of SPS Steels Rolling Mills Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Jun 2026 | 101325792 | State Bank of India | ₹8.89 Cr | Open | |
| 29 May 2026 | 101315076 | Others | ₹17.98 Cr | Open | |
| 06 May 2026 | 101287679 | Hdfc Bank Limited | ₹40 Cr | Open | |
| 07 Aug 2025 | 101143427 | Yes Bank Limited | ₹50 Cr | Open | |
| 01 Feb 2024 | 100870472 | Indian Bank | ₹8.12 Cr | Open |
To see the full charge records of SPS Steels Rolling Mills Limited, buy the company report.
Total charge records: 42 View all charges
Deals & funding
SPS Steels Rolling Mills Limited has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹150.31 Cr; the latest was in August 2022.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2022 | Funding round | ₹122 Cr | Investors: Expeditors Distributors Private Limited , Cancon Agencies Private Limited , Shree Sudharshan Castings Pvt. Ltd. |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: Cancon Agencies Private Limited Seller: Aryavrat Plot Managers Private Limited |
| May 2017 | Secondary share transfer | Undisclosed | Buyer: Rolex Commercial Co Limited, 2 individuals Seller: Subhlabh Steels Private Limited , 3 individuals |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: Techmart Broking Company Pvt.Ltd. , Checkson Broking Co Private Limited Seller: S P S Metal Cast & Alloys Limited |
| Jan 2010 | Funding round | ₹28.31 Cr | Investors: Techmart Broking Company Pvt.Ltd. , Checkson Broking Co Private Limited, 2 individuals |
To see the full deal history of SPS Steels Rolling 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
SPS Steels Rolling Mills Limited has 68 court cases on record: 48 filed by SPS Steels Rolling Mills, 20 filed against it. 17 cases are pending and 51 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 32 | 8 | 5 |
| District courts | 16 | 6 | 4 |
| NCLAT | 15 | 4 | 8 |
| NCLT | 4 | 1 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 68)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Commercial suit | Filed by the company against Greentech IT City Private Limited and 1 other | Pending |
| High Court, West Bengal | Court case (SAT) | Filed against the company by Prashant Properties Pvt Ltd Priyanka Sharma | Pending |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by MSTC Limited | Pending |
| NCLAT, NCLAT New Delhi | Court case (Caveat) | Filed by the company against MSTC Limited and Anr. | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against MSTC Limited and Anr. and 1 other | Pending |
To see the full case history of SPS Steels Rolling 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
SPS Steels Rolling Mills Limited was last rated by Crisil on 05 Apr 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 05 Apr 2021 |
To see the full credit ratings and regulatory alerts of SPS Steels Rolling Mills Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for SPS Steels Rolling Mills Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
SPS Steels Rolling Mills has 1 subsidiary company. This group structure data is as of FY 2025. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| S P S Metal Cast & Alloys Limited | U27104WB1990PLC049475 |
To see the full group structure of SPS Steels Rolling Mills Limited, buy the company report.
Employees & EPFO
SPS Steels Rolling Mills Limited has a workforce of 1,553 employees on its EPFO records as of May 2026, across 4 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 1,553 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of SPS Steels Rolling Mills Limited, buy the company report.
GST
SPS Steels Rolling Mills has 6 GST registrations: 2 active and 4 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAHCS8719G1ZW | West Bengal | Active | 01 Jul 2017 |
| 19AAHCS8719G1D5 | West Bengal | Active | 30 Oct 2024 |
To see the full GST registrations and return filing status of SPS Steels Rolling Mills Limited, buy the company report.
Recent activity
SPS Steels Rolling Mills Limited has 40 board changes on record since 1998: 23 appointments and 17 cessations. The latest: Sanjeev Kumar Sachan ceased to be Additional Director on 13 Feb 2024.
118 earlier events are in the company report.
Frequently asked questions
SPS Steels Rolling Mills is an active public limited company based in Kolkata, West Bengal, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 26 December 1981 (45+ years old) and is registered under CIN L51909WB1981PLC034409.
SPS Steels Rolling Mills has 5 current directors:
- Deepak Kumar Agarwal - Managing Director
- Ashok Kumar Sharma - Director
- Priyanka Goenka - Director
- Pranab Sarkar - Director
- Vikrant Ranjan - Director
The latest financial statements of SPS Steels Rolling Mills on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of SPS Steels Rolling Mills is 19AAHCS8719G1ZW, registered in West Bengal. The company has 6 GST registrations in all, of which 2 are active and 4 are cancelled or inactive. Other active GSTINs include 19AAHCS8719G1D5 (West Bengal).
The CIN (Corporate Identification Number) of SPS Steels Rolling Mills is L51909WB1981PLC034409. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. SPS Steels Rolling Mills is a listed company as per MCA records.
SPS Steels Rolling Mills has 68 court cases on record: 48 filed by the company and 20 filed against it. 17 are pending. Most are in the high courts.
SPS Steels Rolling Mills was incorporated on 26 December 1981, making it 45+ years old. It is registered with the Registrar of Companies, Kolkata.
SPS Steels Rolling Mills has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹150.31 Cr; the latest was in August 2022.
The peers of SPS Steels Rolling Mills by revenue are Jay Jagdamba Limited, B.S. Sponge Private Limited, Nandan Steels and Power Limited, Captain Steel India Limited, Synergy Advanced Metals Limited, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Sanjeev Kumar Sachan ceased to be Additional Director on 13 Feb 2024. Sanjeev Kumar Sachan was appointed as Additional Director on 12 Dec 2023. Chander Khurana ceased to be Director on 01 Aug 2023. SPS Steels Rolling Mills has 40 board changes on record in total.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
