About Sturdy Industries Limited
Data last updated:
Sturdy Industries Limited is a public limited company based in Kasauli, Himachal Pradesh, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the agri machinery and equipment segment of the agriculture sector. It was incorporated on 27 July 1989.
The company is registered with the Registrar of Companies (ROC), Himachal Pradesh, under CIN L25209HP1989PLC009557. Its GSTIN is 18AABCS9436Q1ZJ (Assam). The company holds 9 GST registrations, of which 1 is active. It is recorded as listed by MCA, but trading in its shares on BSE (530611) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹150.1 Cr and a paid-up capital of ₹146.85 Cr. It is led by directors including Shamsher Kumar Sharma (Managing Director) and Ramesh Kumar Gupta (Whole-Time Director).
Its last annual general meeting (AGM) was held on 27 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Kasauli, Himachal Pradesh.
As per the financials filed for FY 2023, the company reported a revenue of ₹3.6 Cr, a decline of 82% compared to the previous year. For the same year it recorded a net loss of ₹4.22 Cr (net margin -117.3%) and EBITDA of -₹3.62 Cr (EBITDA margin -100.5%). Revenue has declined at a compounded annual rate (CAGR) of 71% over three years and 57% over five years.
The company has about 20 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Sturdy Industries. As per MCA filings, the company has open charges of ₹890.04 Cr and satisfied charges of ₹134.81 Cr on record. Court records list 248 cases involving the company, including 189 filed by the company and 59 filed against it; 22 cases are pending. The company has 26 deals on record (26 market trades); the latest was in February 2013.
The last known website on record is sturdyindustries.com.
Company details
CIN history
Sturdy Industries has one previous CIN (Corporate Identification Number): U25209HP1989PLC009557. The current CIN is L25209HP1989PLC009557, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L25209HP1989PLC009557 | Current |
| U25209HP1989PLC009557 | Previous |
Contact details
Sturdy Industries Limited's registered office is in Kasauli, Himachal Pradesh. Its website is sturdyindustries.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot Number 57 First Floor Sector – 1, India, Kasauli, Himachal Pradesh, India – 173220
- IndustryAgriculture, Agri Machinery & Equipment
To see the full contact details of Sturdy Industries 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
Brands
Sturdy Industries operates one associated brand: Sturdy Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of Irrigation systems, Power generation & IT Infrastructure products | sturdyindustries.com |
Business activity
The main business activity of Sturdy Industries is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Sturdy Industries Limited, buy the company report.
Financials of Sturdy Industries Limited
FY 2023 filings availableSturdy Industries Limited reported revenue of ₹3.6 Cr (down 82% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 57% over five years, including a 82% fall in the latest year. EBITDA fell 95% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹3.6 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹3.62 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.22 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -100.5% | ||||
| Net Profit Margin | -117.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Sturdy Industries Limited, buy the company report.
Board of directors of Sturdy Industries Limited
Sturdy Industries has 6 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Puja | Director | 31 Jan 2018 | 8 Years 8 Months | As last reported |
| Shamsher Kumar Sharma | Managing Director | 27 Aug 2018 | 8 Years 1 Months | As last reported |
| Pushpa Devi | Director | 03 Oct 2018 | 8 Years 0 Months | As last reported |
| Meenu Bhardwaj | Director | 13 Nov 2020 | 5 Years 11 Months | As last reported |
| Ramesh Kumar Gupta Also directs: Alpine Capital Services Limited. | Whole-Time Director | 27 Jul 1989 | 37 Years 2 Months | As last reported |
| Rajinder Paul Bali Also directs: Greenway Advisors Private Limited | Director | 27 Sep 2023 | 3 Years 0 Months | As last reported |
Auditor
Sturdy Industries Limited is audited by K SINGH & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K SINGH & ASSOCIATES | FY 2023 | 012458N |
Shareholding
The shareholding of Sturdy Industries Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sturdy Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Jun 2013 | 10436598 | Others | ₹358.26 Cr | Open | |
| 21 Jun 2012 | 10370625 | Punjab National Bank | ₹44.4 Cr | Open | |
| 14 Sep 2011 | 10315098 | Punjab National Bank | ₹24 Cr | Open | |
| 31 May 2011 | 10297695 | Punjab National Bank | ₹7.25 Cr | Open | |
| 31 May 2011 | 10297697 | Punjab National Bank | ₹32 Cr | Open |
To see the full charge records of Sturdy Industries Limited, buy the company report.
Total charge records: 58 View all charges
Deals & funding
Sturdy Industries Limited has 26 deals on record (26 market trades); the latest was in February 2013.
Deals on record (5 of 26)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2013 | Market trade | ₹21.2 Lakh | Buyer: Saurabh Portfolios Private Limited Seller: an individual |
| Nov 2012 | Market trade | ₹25.2 Lakh | Buyer: Saurabh Portfolios Private Limited Seller: an individual |
| Sep 2012 | Market trade | ₹20 Lakh | Buyer: Saurabh Portfolios Private Limited Seller: an individual |
| Nov 2010 | Market trade | ₹23.5 Lakh | Seller: JMP Securities Private Limited |
| May 2010 | Market trade | ₹14.6 Lakh | Buyer: Techno Equity Broking Private Limited Seller: an individual |
To see the full deal history of Sturdy Industries 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
Sturdy Industries Limited has 248 court cases on record: 189 filed by Sturdy Industries, 59 filed against it. 22 cases are pending and 226 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 153 | 25 | 8 |
| High courts | 83 | 32 | 14 |
| Supreme Court | 4 | 0 | 0 |
| NCLT | 4 | 2 | 0 |
| NCLAT | 4 | 0 | 0 |
Cases on record (5 of 248)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Meghalaya | Court case (MC(CRP)) | Filed against the company by Meghalaya Energy Corporation Limited and Anr. | Pending |
| District court, East Khasi Hills, Meghalaya | Commercial matter | Filed by the company against Meghalaya Energy Corporation Limited and 1 other | Pending |
| High Court, HIMACHAL PRADESH | Court case (OSA) | Filed against the company by Ms Isotech Electrical and Civil Projects (P) Ltd(Not Applicable) | Pending |
| District court, Central, Delhi | Civil suit | Filed against the company by Ms PCC Logistics Ltd. | Pending |
| High Court of Himachal Pradesh | Court case (OMP) | Filed by the company against Priyanka Impex and Anr | Disposed |
To see the full case history of Sturdy Industries 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
Sturdy Industries Limited was last rated by Icra on 12 May 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 12 May 2021 |
To see the full credit ratings and regulatory alerts of Sturdy Industries Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sturdy Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Sturdy Industries Limited has a workforce of 20 employees on its EPFO records as of Apr 05, 2024, across 5 active EPFO establishments.
GST
Sturdy Industries has 9 GST registrations: 1 active and 8 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 18AABCS9436Q1ZJ | Assam | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sturdy Industries Limited, buy the company report.
Recent activity
Sturdy Industries Limited has 28 board changes on record since 1989: 17 appointments and 11 cessations. The latest: Rajinder Paul Bali was appointed as Director on 27 Sep 2023.
144 earlier events are in the company report.
Frequently asked questions
Sturdy Industries is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Sturdy Industries is a company under insolvency, formerly operating as a public limited company based in Kasauli, Himachal Pradesh, India. The company works in agri machinery and equipment, within the agriculture industry. It was incorporated on 27 July 1989 and is registered under CIN L25209HP1989PLC009557. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Sturdy Industries has 6 current directors:
- Shamsher Kumar Sharma - Managing Director
- Ramesh Kumar Gupta - Whole-Time Director
- Puja - Director
- Pushpa Devi - Director
- Meenu Bhardwaj - Director
- Rajinder Paul Bali - Director
The latest financial statements of Sturdy Industries on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 27 September 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Sturdy Industries is L25209HP1989PLC009557. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sturdy Industries is recorded as a listed company by MCA, but trading in its shares on BSE (530611) has been suspended, so they do not currently trade on a stock exchange.
Sturdy Industries has open charges of ₹890.04 Cr and satisfied charges of ₹134.81 Cr as per latest MCA filings.
Sturdy Industries has 248 court cases on record: 189 filed by the company and 59 filed against it. 22 are pending. Most are in the district courts.
Sturdy Industries was incorporated on 27 July 1989. It is registered with the Registrar of Companies, Himachal Pradesh.
Sturdy Industries has 26 deals on record (26 market trades); the latest was in February 2013.