About S T P Ltd
Data last updated:
S T P Ltd is a public limited company based in Kolkata, West Bengal, India, a subsidiary of Berger Paints India Limited. It operates in the specialty chemicals segment of the chemicals and materials sector. It was incorporated on 07 November 1935 and has been in existence for over 91 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U23109WB1935PLC008423. Its GSTIN is 19AAECS6339M1ZQ (West Bengal). The company holds 24 GST registrations, of which 13 are active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹19.75 Cr. It was formerly known as Shalimar Tar Products (1935) Limited. It is led by directors including Rajesh Kanhaiyalal Joshi (Managing Director) and Sandeep Chowfla.
Its last annual general meeting (AGM) was held on 08 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Berger House 129 Park Street, Kolkata, West Bengal, India – 700017.
As per the financials filed for FY 2025, the company reported a revenue of ₹396.03 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹21.61 Cr (net margin 5.5%) and EBITDA of ₹39.88 Cr (EBITDA margin 10.1%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 18% over five years.
The company has about 314 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: STP Ltd. As per MCA filings, the company has open charges of ₹50 Cr and satisfied charges of ₹145.7 Cr on record. Court records list 278 cases involving the company, including 188 filed by the company and 90 filed against it; 20 cases are pending. The company has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹11.7 Cr; the latest was in November 2019. Its 10 peer companies in the Manufacturing industry (Construction Materials, Specialty Chemicals) are compared by revenue, 5 larger and 5 smaller; the largest is LSC Infratech Limited with revenue of ₹409.33 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 stpltd.com.
CIN History of S T P Ltd
S T P has one previous CIN (Corporate Identification Number): U23109WB1935PTC008423. The current CIN is U23109WB1935PLC008423, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U23109WB1935PLC008423 | Current |
| U23109WB1935PTC008423 | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressBerger House 129 Park Street, Kolkata, West Bengal, India – 700017
- IndustryChemicals and Materials, Specialty Chemicals
- 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
Associated Brands with S T P Ltd
S T P operates one associated brand: STP Ltd. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Construction chemicals, flooring, and coal tar products are manufactured. | stpltd.com |
Business Activity of S T P Ltd
The main business activity of S T P is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of S T P Ltd FY 2025 filings available
S T P Ltd reported revenue of ₹396.03 Cr (up 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of S T P Ltd
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 8% growth in the latest year. EBITDA fell 12% 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 S T P Ltd
| 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 | ₹39.88 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹21.61 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 of S T P Ltd
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.5% | •••• | •••• | •••• | •••• |
| 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 S T P 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 S T P Ltd
S T P has 8 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Kanhaiyalal Joshi | Managing Director | 01 Apr 2021 | 5 Years 6 Months | Current |
| Sandeep Chowfla | Director | 29 Nov 2019 | 6 Years 10 Months | Current |
| Krishna Sai Kilambi Also directs: Berger Rock Paints Private Limited | Director | 01 Nov 2019 | 6 Years 11 Months | Current |
| Anil Kumar Mehrotra Also directs: SBL Specialty Coatings Private Limited | Director | 19 Apr 2023 | 3 Years 6 Months | Current |
| Jai Prakash Kukreja | Nodal Officer | 20 Dec 2019 | 6 Years 10 Months | Current |
| Kanwardip Dhingra Singh Also directs: Berger Paints India Limited, U K Paints (India) Private Limited, SBL Specialty Coatings Private Limited and 5 more | Director | 19 Jan 2022 | 4 Years 9 Months | Current |
Peer Comparison of S T P Ltd
S T P Ltd is compared with the companies closest to it by revenue in the Manufacturing industry (Construction Materials, Specialty Chemicals). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| LSC Infratech Limited | ₹409.33 Cr (FY 2025) | •••• | •••• | 39.0% | •••• | Rudrapur, Uttarakhand, India |
| Zydex Industries Private Limited | ₹407.81 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Vadodara, Gujarat, India |
| NCL Buildtek Limited | ₹406.16 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Hyderabad, Telangana, India |
| Dalmia Refractories Limited | ₹397.31 Cr (FY 2021) | •••• | •••• | -12.0% | •••• | Tiruchirappalli, Tamil Nadu, India |
| Solenis Chemicals India Private Limited | ₹396.72 Cr (FY 2022) | •••• | •••• | 31.0% | •••• | Ankleshwar, Gujarat, India |
| S T P Ltd this company | ₹396.03 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Kolkata, West Bengal, India |
| Black Rose Industries Limited Listed | ₹394.71 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Mumbai, Maharashtra, India |
| Magicrete Building Solutions Private Limited | ₹392.51 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Mumbai, Maharashtra, India |
| Myk Arment Private Limited | ₹391.2 Cr (FY 2024) | •••• | •••• | 26.0% | •••• | Hyderabad, Telangana, India |
| World of Stones Private Limited | ₹389.96 Cr (FY 2024) | •••• | •••• | 13.0% | •••• | Kota, Rajasthan, India |
| Kusa Chemicals Private Limited | ₹387.6 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below S T P by revenue in the Manufacturing industry (Construction Materials, Specialty Chemicals), 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 S T P Ltd
S T P Ltd is audited by L B Jha & Co for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| L B Jha & Co | 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 S T P Ltd
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 S T P Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Feb 2024 | State Bank of India | ₹50 Cr | Open |
| 20 Aug 2019 | Others | ₹3 Cr | Satisfied |
| 21 May 2019 | Karnataka Bank Ltd. | ₹5 Cr | Satisfied |
| 25 Mar 2019 | Axis Bank Limited | ₹12.6 Cr | Satisfied |
| 05 Jan 2015 | State Bank of Hyderabad | ₹2 Cr | Satisfied |
Total charge records: 21 View all charges
Deals & Funding of S T P Ltd
S T P Ltd has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹11.7 Cr; the latest was in November 2019.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2019 | Secondary share transfer | Undisclosed | Buyer: Berger Paints India Limited Seller: an individual |
| Nov 2019 | Secondary share transfer | Undisclosed | Buyer: Berger Paints India Limited Seller: Turner Morrison Ltd , Bodhi Art Limited, Vasundhara Holdings Ltd |
| Jul 2013 | Rights issue | ₹6.97 Cr | Investors: Turner Morrison Ltd , 3 individuals |
| Mar 2011 | Funding round | ₹3.7 Cr | Investors: Homage Estates Limited , Tuareg Properties and Securities Services Limited , Grahams Investments Ltd |
| Aug 2007 | Funding round | ₹8 Cr | Investors: Usc Trades Pvt Ltd , Mohindra Finvest Private Limited , Chaplet Tracon Pvt Ltd |
Full deal history
All 5 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of S T P Ltd
S T P Ltd has 278 court cases on record: 188 filed by S T P, 90 filed against it. 20 cases are pending and 258 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 142 | 50 | 3 |
| District courts | 123 | 36 | 17 |
| Supreme Court | 13 | 4 | 0 |
Cases on record (5 of 278)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Court case (CS (COMM.)) | Filed by the company against Dia 33 Enterprises India LLP and Others | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against Dakshin Gujarat Vij Company Limited and 2 others | Pending |
| District court, New Delhi, Delhi | Court case (CS (COMM.)) | Filed by the company against Tarmat Ltd. | Disposed |
| District court, New Delhi, Delhi | Court case (CS (COMM.)) | Filed by the company against BGR Energy Systems Ltd | Disposed |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed by the company against Advance Ventilation Pvt. Ltd and Others | Disposed |
Full case history
All 278 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 S T P Ltd
S T P Ltd has a workforce of 314 employees as of Apr 05, 2024.
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 S T P Ltd
S T P Ltd has 23 board changes on record since 2007: 8 appointments and 15 cessations. The latest: Anil Kumar Mehrotra ceased to be Additional Director on 03 Aug 2023.
60 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for S T P Ltd
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 S T P Ltd
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 S T P Ltd
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 S T P Ltd
S T P has 24 GST registrations: 13 active and 11 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAECS6339M1ZQ | West Bengal | Active | 01 Jul 2017 |
| 07AAECS6339M1ZV | Delhi | Active | 01 Jul 2017 |
| 09AAECS6339M1ZR | Uttar Pradesh | Active | 01 Jul 2017 |
| 20AAECS6339M1Z7 | Jharkhand | Active | 01 Jul 2017 |
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 S T P Ltd
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 S T P Ltd
S T P is an active public limited company based in Kolkata, West Bengal, India. The company works in specialty chemicals, within the chemicals and materials industry. It was incorporated on 07 November 1935 (91+ years old) and is registered under CIN U23109WB1935PLC008423.
S T P reported revenue of ₹396.03 Cr for FY 2025 (up 8% YoY).
S T P has 8 current directors:
- Rajesh Kanhaiyalal Joshi - Managing Director
- Sandeep Chowfla - Director
- Krishna Sai Kilambi - Director
- Anil Kumar Mehrotra - Director
- Kanwardip Dhingra Singh - Director
- Aniruddha Sen - Director
- Rishma Kaur - Director
- Jai Prakash Kukreja - Nodal Officer
S T P reported a net profit of ₹21.61 Cr (net margin 5.5%) and EBITDA of ₹39.88 Cr (EBITDA margin 10.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of S T P is 17% over three years and 18% over five years. In the latest year (FY 2025) revenue rose 8%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of S T P is 19AAECS6339M1ZQ, registered in West Bengal. The company has 24 GST registrations in all, of which 13 are active and 11 are cancelled or inactive. Other active GSTINs include 07AAECS6339M1ZV (Delhi), 09AAECS6339M1ZR (Uttar Pradesh), 20AAECS6339M1Z7 (Jharkhand).
The CIN (Corporate Identification Number) of S T P is U23109WB1935PLC008423. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
S T P has 278 court cases on record: 188 filed by the company and 90 filed against it. 20 are pending. Most are in the high courts.
S T P was incorporated on 07 November 1935, making it 91+ years old. It is registered with the Registrar of Companies, Kolkata.
S T P has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹11.7 Cr; the latest was in November 2019.
The peers of S T P by revenue are LSC Infratech Limited, Zydex Industries Private Limited, NCL Buildtek Limited, Dalmia Refractories Limited, Solenis Chemicals India Private Limited and 5 more, all in the Manufacturing industry (Construction Materials, Specialty Chemicals).