About Sudal Industries Limited
Data last updated: 15 July 2026
Sudal Industries Limited is a public limited company based in Nashik, Maharashtra, India. It specialises in metal manufacturing and processing, a part of the broader metals and mining sector. Incorporated on 08 August 1979, the company has been in operation for over 47 years.
Registered with ROC Mumbai under CIN L21541MH1979PLC021541. Listed on BSE: 506003.
Capital: an authorised share capital of ₹8.5 Cr and a paid-up capital of ₹8.37 Cr. Formerly known as Sudarshan Aluminium Industries Limited. It is led by directors including Sudarshan Chokhani Shriram and Mukesh Vijayshi Ashar.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: A 5 M I D Cambad Industrial Estate Mumbai Nashik Highway, Maharashtra, India – 422010.
As per BSE-filed standalone financials for FY 2026, the company reported a revenue of ₹181.51 Cr, a growth of 17.29% compared to the previous year. The net worth stands at ₹23.83 Cr (down 4.15% YoY). Total assets are valued at ₹63.5 Cr (down 0.92% YoY).
The company has a workforce of approximately 151 employees as per the latest available data.
The company is associated with 1 brand - Sudal Industries. As per MCA filings, the company has open charges of ₹41.6 Cr and satisfied charges of ₹16.66 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sudal.co.in.
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Registered AddressA 5 M I D Cambad Industrial Estate Mumbai Nashik Highway, Maharashtra, India – 422010
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IndustryMetals and Minerals, Metal Manufacturing & Processing
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
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Associated Brands with Sudal Industries Limited
Sudal Industries Limited operates one associated brand: Sudal Industries. These brands represent Sudal Industries Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Manufacturer and supplier of aluminium products | sudal.co.in |
Business Activity of Sudal Industries Limited
Sudal Industries Limited is engaged in the principal business activity of manufacturing, with detailed activities including metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | Locked |
Business activity turnover details for Sudal Industries Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Sudal Industries Limited
Sudal Industries Limited is audited by BAGARIA AND Co. LLP (ICAI peer reviewed, certificate valid till 2028-12-31) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| BAGARIA AND Co. LLP (ICAI peer reviewed, certificate valid till 2028-12-31) | FY 2026 | Statement on impact of audit qualification |
Board of Directors of Sudal Industries Limited
Sudal Industries Limited is currently managed by 6 directors, with 17 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
|
Sudarshan Chokhani Shriram
Also directs:
Sudal Enterprises Private Limited
|
Managing Director | 01 Sep 2015 | 10 Years 11 Months | Current |
| Mukesh Vijayshi Ashar | Whole-Time Director | 26 Sep 2015 | 10 Years 10 Months | Current |
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Shyantanu Sudarshan Chokhani
Also directs:
Sudal Enterprises Private Limited, Kooloday Enterprise Llp, Ihsl Chokhani Llp and 1 more
|
Director | 29 Dec 2008 | 17 Years 7 Months | Current |
| Lalit Maharshi | Director | 25 Jul 2019 | 7 Years 0 Months | Current |
|
Ranjeetkumar Parmanand Sharma
Also directs:
Mhg Management (India) Private Limited
|
Director | 10 Feb 2025 | 1 Years 6 Months | Current |
| Madhuri Gajanan Ahire | Director | 06 Nov 2023 | 2 Years 9 Months | Current |
Financials of Sudal Industries Limited FY 2026 filings available
Sudal Industries Limited reported revenue of ₹181.51 Cr (up 17.29% YoY) for FY 2026.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹181.51 Cr | ₹154.75 Cr | ₹144.11 Cr | ₹159.85 Cr | ₹128.94 Cr | ₹81.76 Cr | ₹92.01 Cr | ₹124.13 Cr |
| Other Income | ₹48.92 Lakh | ₹33.42 Lakh | ₹8.52 Lakh | ₹1.85 Cr | ₹10.85 Lakh | ₹46.72 Lakh | ₹0 | ₹2.42 Cr |
| Total Income | ₹181.99 Cr | ₹155.08 Cr | ₹144.19 Cr | ₹161.71 Cr | ₹129.05 Cr | ₹82.23 Cr | ₹92.01 Cr | ₹126.55 Cr |
| Cost of Materials Consumed | ₹145.53 Cr | ₹121.32 Cr | ₹112.6 Cr | ₹127.4 Cr | ₹100.72 Cr | ₹61.07 Cr | ₹78.14 Cr | ₹100.95 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | -₹21.05 Lakh | -₹2.56 Cr | ₹51.01 Lakh | ₹3.85 Cr | -₹36.11 Lakh | -₹1.37 Cr | -₹48.75 Lakh | -₹41.35 Lakh |
| Employee Benefit Expense | ₹5.51 Cr | ₹5.63 Cr | ₹5.17 Cr | ₹4.76 Cr | ₹4.25 Cr | ₹3.47 Cr | ₹3.62 Cr | ₹4.12 Cr |
| Finance Costs | ₹2.31 Cr | ₹3.09 Cr | ₹9.16 Cr | ₹23.83 Cr | ₹20.72 Cr | ₹17.39 Cr | ₹15.51 Cr | ₹14.96 Cr |
| Depreciation & Amortisation | ₹5.82 Cr | ₹2.06 Cr | ₹1.79 Cr | ₹2.39 Cr | ₹2.76 Cr | ₹2.91 Cr | ₹3.03 Cr | ₹3.06 Cr |
| Other Expenses | ₹18.95 Cr | ₹17.87 Cr | ₹18.56 Cr | ₹30.36 Cr | ₹15.18 Cr | ₹12.37 Cr | ₹15.7 Cr | ₹14.31 Cr |
| Total Expenses | ₹177.92 Cr | ₹147.4 Cr | ₹147.79 Cr | ₹192.6 Cr | ₹143.27 Cr | ₹95.84 Cr | ₹115.5 Cr | ₹136.99 Cr |
| Profit Before Exceptional Items & Tax | ₹4.08 Cr | ₹7.68 Cr | -₹3.59 Cr | -₹30.9 Cr | -₹14.22 Cr | -₹13.61 Cr | -₹23.49 Cr | -₹10.44 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹125.41 Cr | -₹2.48 Cr | ₹4.61 Cr | ₹0 | -₹3.42 Cr | ₹0 |
| Profit Before Tax | ₹4.08 Cr | ₹7.68 Cr | ₹121.82 Cr | -₹33.38 Cr | -₹9.61 Cr | -₹13.61 Cr | -₹26.91 Cr | -₹10.44 Cr |
| Total Tax Expense | ₹4.98 Cr | ₹1.98 Cr | ₹63.92 Lakh | ₹0 | ₹0 | ₹21.82 Lakh | ₹1.68 Cr | ₹71.51 Lakh |
| Net Profit | -₹90.59 Lakh | ₹5.7 Cr | ₹121.18 Cr | -₹33.38 Cr | -₹9.61 Cr | -₹13.83 Cr | -₹28.58 Cr | -₹11.15 Cr |
| Other Comprehensive Income | -₹12.65 Lakh | -₹8.8 Lakh | ₹1 Lakh | ₹10.32 Lakh | ₹5.11 Lakh | ₹72,000 | ₹1.21 Lakh | ₹4.87 Lakh |
| Total Comprehensive Income | -₹1.03 Cr | ₹5.61 Cr | ₹121.19 Cr | -₹33.28 Cr | -₹9.56 Cr | -₹13.82 Cr | -₹28.57 Cr | -₹11.11 Cr |
| EBITDA (computed) | ₹12.21 Cr | ₹12.82 Cr | ₹7.36 Cr | -₹4.67 Cr | ₹9.26 Cr | ₹6.69 Cr | -₹4.95 Cr | ₹7.58 Cr |
| Basic EPS | ₹-1.08 | ₹6.81 | ₹152.01 | ₹-45.30 | ₹-19.30 | ₹-18.77 | ₹34.16 | ₹-15.14 |
| Diluted EPS | ₹-1.08 | ₹6.81 | ₹152.01 | ₹-45.30 | ₹-19.30 | ₹-18.77 | ₹34.16 | ₹-15.14 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹63.5 Cr | ₹64.09 Cr | ₹56.21 Cr | ₹61.49 Cr | ₹71.32 Cr | ₹66.47 Cr | ₹64.75 Cr | ₹81.01 Cr |
| Non-current Assets | ₹33.78 Cr | ₹38.44 Cr | ₹36.76 Cr | ₹37.96 Cr | ₹45.71 Cr | ₹45.68 Cr | ₹48.76 Cr | ₹58.32 Cr |
| Current Assets | ₹29.72 Cr | ₹25.65 Cr | ₹19.45 Cr | ₹23.53 Cr | ₹25.61 Cr | ₹20.79 Cr | ₹15.99 Cr | ₹22.69 Cr |
| Property, Plant & Equipment | ₹30.3 Cr | ₹35.65 Cr | ₹33.46 Cr | ₹32.25 Cr | ₹39.74 Cr | ₹41.87 Cr | ₹44.94 Cr | ₹52.38 Cr |
| Inventories | ₹12.06 Cr | ₹11.47 Cr | ₹7.61 Cr | ₹10.32 Cr | ₹11.79 Cr | ₹11.38 Cr | ₹8.49 Cr | ₹8.48 Cr |
| Trade Receivables | ₹13.58 Cr | ₹11.17 Cr | ₹8.85 Cr | ₹10.32 Cr | ₹8.82 Cr | ₹7.83 Cr | ₹5.91 Cr | ₹9.9 Cr |
| Cash & Equivalents | ₹72.88 Lakh | ₹1.61 Cr | ₹1.45 Cr | ₹1.59 Cr | ₹2.1 Cr | ₹95.73 Lakh | ₹1.41 Cr | ₹2.28 Cr |
| Equity (Net Worth) | ₹23.83 Cr | ₹24.87 Cr | ₹19.26 Cr | -₹102.93 Cr | -₹69.65 Cr | -₹60.1 Cr | -₹46.28 Cr | -₹17.7 Cr |
| Equity Share Capital | ₹8.37 Cr | ₹8.37 Cr | ₹8.37 Cr | ₹7.37 Cr | ₹7.37 Cr | ₹7.37 Cr | ₹7.37 Cr | ₹7.37 Cr |
| Borrowings (Non-current) | ₹9.55 Cr | ₹14.04 Cr | ₹18.92 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹2.31 Cr |
| Borrowings (Current) | ₹6.49 Cr | ₹7.41 Cr | ₹3.19 Cr | ₹0 | ₹6.46 Cr | ₹5.34 Cr | ₹18.09 Cr | ₹14.86 Cr |
| Total Debt (computed) | ₹16.04 Cr | ₹21.45 Cr | ₹22.11 Cr | ₹0 | ₹6.46 Cr | ₹5.34 Cr | ₹18.09 Cr | ₹17.17 Cr |
| Current Liabilities | ₹25.67 Cr | ₹23.28 Cr | ₹16.71 Cr | ₹162.41 Cr | ₹139.41 Cr | ₹124.46 Cr | ₹105.8 Cr | ₹88.93 Cr |
| Total Liabilities | ₹39.66 Cr | ₹39.22 Cr | ₹36.95 Cr | ₹164.42 Cr | ₹140.98 Cr | ₹126.57 Cr | ₹111.03 Cr | ₹98.72 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹8.43 Cr | ₹9.59 Cr | ₹10.54 Cr | ₹4.23 Cr | ₹5.4 Cr |
| Investing Cash Flow | -₹1.81 Cr | -₹2.95 Cr | -₹4.63 Cr | -₹4.32 Cr | -₹3.69 Cr |
| Financing Cash Flow | -₹7.5 Cr | -₹6.48 Cr | -₹6.06 Cr | -₹42.22 Lakh | -₹56.58 Lakh |
| Capital Expenditure | ₹1.85 Cr | ₹2.95 Cr | ₹4.4 Cr | ₹4.39 Cr | ₹3.69 Cr |
| Free Cash Flow (computed) | ₹6.59 Cr | ₹6.64 Cr | ₹6.15 Cr | -₹15.74 Lakh | ₹1.71 Cr |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | -₹87.86 Lakh | ₹15.46 Lakh | -₹13.9 Lakh | -₹50.66 Lakh | ₹1.14 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹49.45 Cr | ₹45.39 Cr | ₹44.97 Cr | ₹41.69 Cr | ₹44.13 Cr | ₹40.48 Cr | ₹35.71 Cr | ₹34.43 Cr |
| Other Income | ₹21.27 Lakh | ₹9.5 Lakh | ₹10.43 Lakh | ₹7.72 Lakh | ₹5.42 Lakh | ₹7.36 Lakh | ₹9.22 Lakh | ₹9.51 Lakh |
| Total Income | ₹49.67 Cr | ₹45.49 Cr | ₹45.07 Cr | ₹41.77 Cr | ₹44.18 Cr | ₹40.55 Cr | ₹35.81 Cr | ₹34.52 Cr |
| Cost of Materials Consumed | ₹38.91 Cr | ₹36.11 Cr | ₹37.18 Cr | ₹33.33 Cr | ₹36.11 Cr | ₹30.02 Cr | ₹29.25 Cr | ₹25.94 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹10.79 Lakh | -₹8.71 Lakh | -₹93.94 Lakh | ₹70.81 Lakh | -₹2.11 Cr | ₹1.65 Cr | -₹1.94 Cr | -₹16.17 Lakh |
| Employee Benefit Expense | ₹1.36 Cr | ₹1.48 Cr | ₹1.34 Cr | ₹1.33 Cr | ₹1.38 Cr | ₹1.4 Cr | ₹1.5 Cr | ₹1.34 Cr |
| Finance Costs | ₹30.66 Lakh | ₹72.21 Lakh | ₹62.41 Lakh | ₹65.39 Lakh | -₹36.79 Lakh | ₹1.96 Cr | ₹76.15 Lakh | ₹73.61 Lakh |
| Depreciation & Amortisation | ₹3.24 Cr | ₹60.62 Lakh | ₹1.4 Cr | ₹57.7 Lakh | ₹55.89 Lakh | ₹54.2 Lakh | ₹49.24 Lakh | ₹46.22 Lakh |
| Other Expenses | ₹4.88 Cr | ₹4.69 Cr | ₹4.95 Cr | ₹4.45 Cr | ₹4.56 Cr | ₹4.6 Cr | ₹4.56 Cr | ₹4.14 Cr |
| Total Expenses | ₹48.81 Cr | ₹43.52 Cr | ₹44.56 Cr | ₹41.05 Cr | ₹40.13 Cr | ₹40.17 Cr | ₹34.62 Cr | ₹32.46 Cr |
| Profit Before Exceptional Items & Tax | ₹85.56 Lakh | ₹1.97 Cr | ₹51.87 Lakh | ₹71.63 Lakh | ₹4.05 Cr | ₹38.3 Lakh | ₹1.18 Cr | ₹2.06 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹85.56 Lakh | ₹1.97 Cr | ₹51.87 Lakh | ₹71.63 Lakh | ₹4.05 Cr | ₹38.3 Lakh | ₹1.18 Cr | ₹2.06 Cr |
| Total Tax Expense | ₹27.25 Lakh | ₹4.54 Cr | -₹13.37 Lakh | ₹30.79 Lakh | ₹73.48 Lakh | ₹42.67 Lakh | ₹52 Lakh | ₹30 Lakh |
| Net Profit | ₹58.31 Lakh | -₹2.57 Cr | ₹65.24 Lakh | ₹40.84 Lakh | ₹3.32 Cr | -₹4.37 Lakh | ₹66.22 Lakh | ₹1.76 Cr |
| Other Comprehensive Income | -₹12.65 Lakh | ₹0 | ₹0 | ₹0 | -₹8.8 Lakh | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | ₹45.66 Lakh | -₹2.57 Cr | ₹65.24 Lakh | ₹40.84 Lakh | ₹3.23 Cr | -₹4.37 Lakh | ₹66.22 Lakh | ₹1.76 Cr |
| EBITDA (computed) | ₹4.41 Cr | ₹3.3 Cr | ₹2.54 Cr | ₹1.95 Cr | ₹4.24 Cr | ₹2.88 Cr | ₹2.44 Cr | ₹3.26 Cr |
| Basic EPS | ₹0.70 | ₹-3.07 | ₹0.78 | ₹0.49 | ₹3.96 | ₹-0.05 | ₹0.79 | ₹2.11 |
| Diluted EPS | ₹0.70 | ₹-3.07 | ₹0.78 | ₹0.49 | ₹3.96 | ₹-0.05 | ₹0.79 | ₹2.11 |
Shareholding Pattern of Sudal Industries Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 67.44%, domestic institutional investors hold 0.00%, retail and other public shareholders hold 32.56% of Sudal Industries Limited. The company had 10,309 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 67.44% | 67.44% | 67.44% | 67.44% | 67.44% | 67.44% |
| Public | 32.56% | 32.56% | 32.56% | 32.56% | 32.56% | 32.56% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 67.44% | 67.44% | 67.44% |
| Public | 32.56% | 32.56% | 32.56% |
| Promoter change (YoY, %pts) | +0.00 | +0.00 | - |
Charges & Borrowings of Sudal Industries Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 May 1989 | Syndicate Bank | ₹41.6 Cr | Open |
| 31 Jan 2014 | Small Industries Development Bank of India | ₹7.99 Cr | Satisfied |
| 26 Mar 2007 | Syndicate Bank | ₹36 Lakh | Satisfied |
| 07 Mar 1995 | The Industrial Credit & Investment Corportion of India Ltd. | ₹1 Cr | Satisfied |
| 10 Jun 1988 | The Industrial Credit and Investmnet Corportion of India Ltd | ₹15 Lakh | Satisfied |
Total charge records: 20 View all charges
Employees and EPFO Compliance at Sudal Industries Limited
Sudal Industries Limited has a workforce of 151 employees as of Mar 27, 2024.
Employee and EPFO history for Sudal Industries Limited
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GST Compliance of Sudal Industries Limited
GST registrations and filing compliance for Sudal Industries Limited
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Credit Ratings, Litigation & Regulatory Alerts for Sudal Industries Limited
Credit ratings, litigation, and regulatory alerts for Sudal Industries Limited
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MSME Payment Delays by Sudal Industries Limited
MSME payment history for Sudal Industries Limited
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Subsidiaries & Group Companies of Sudal Industries Limited
Corporate group structure for Sudal Industries Limited
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MCA Filings & Documents of Sudal Industries Limited
MCA filings and documents for Sudal Industries Limited
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Recent Activity on Sudal Industries Limited
Frequently Asked Questions about Sudal Industries Limited
Sudal Industries Limited is an active public limited company in the metals and minerals sector based in Nashik, Maharashtra, India. It was incorporated on 08 August 1979 (47+ years old) and is registered under CIN L21541MH1979PLC021541. Listed on BSE: 506003. The company has 151 employees.
Sudal Industries Limited reported revenue of ₹181.51 Cr for FY 2026 (up 17.29% YoY) based on standalone BSE filings.
The current directors of Sudal Industries Limited are:
- Sudarshan Chokhani Shriram - Managing Director
- Mukesh Vijayshi Ashar - Whole-Time Director
- Shyantanu Sudarshan Chokhani - Director
- Lalit Maharshi - Director
- Ranjeetkumar Parmanand Sharma - Director
- Madhuri Gajanan Ahire - Director
The primary industry of Sudal Industries Limited is metals and minerals. The company specifically operates in metal manufacturing and processing. The company is currently active in this sector.
Yes. Sudal Industries Limited is listed on BSE with code 506003.
Sudal Industries Limited can be reached at the registered office: A 5 M I D Cambad Industrial Estate Mumbai Nashik Highway, Maharashtra, India – 422010, or through the website sudal.co.in.