MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0043788
Ub Stainless Limited - manufacturing in Nashik, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹195.27 Cr
▲ 1% YoY
Net profit · FY 2025
₹9.09 Cr
Net margin 4.7%
EBITDA · FY 2025
₹13.85 Cr
EBITDA margin 7.1%
Authorised capital
₹4.25 Cr
Registered with MCA
Paid-up capital
₹4.25 Cr
Issued & subscribed
Open charges
₹51.6 Cr
Satisfied ₹9.25 Cr
Company age
33 yrs
Est. 1993
Employees · EPFO
104
Provident fund records
About Ub Stainless Limited
Data last updated:
Ub Stainless Limited is a public limited company based in Nashik, Maharashtra, India. It operates in the pipe and tubes segment of the manufacturing sector. It was incorporated on 28 September 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29120MH1993PLC074220. Its GSTIN is 27AAACW0404B1Z2 (Maharashtra).
The company has an authorised share capital of ₹4.25 Cr and a paid-up capital of ₹4.25 Cr. It was formerly known as West Coast Saw Pipes Ltd. It is led by directors including Sushil Bhuwalka (Managing Director) and Aiyush Bhuwalka.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No. A 63 & 64 MIDC Industrial Estate Near Malegaon Sinnar, Nashik, Maharashtra, India – 422103.
As per the financials filed for FY 2025, the company reported a revenue of ₹195.27 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹9.09 Cr (net margin 4.7%) and EBITDA of ₹13.85 Cr (EBITDA margin 7.1%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 17% over five years.
The company has about 104 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: UB Stainless Limited. As per MCA filings, the company has open charges of ₹51.6 Cr and satisfied charges of ₹9.25 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it; 1 case is pending.
Ub Stainless Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0043788). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ubstainless.in.
Company details
CIN U29120MH1993PLC074220
Registration Number 074220
Incorporation Date 28 September 1993
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0043788
CIN history
Ub Stainless has one previous CIN (Corporate Identification Number): L29120MH1993PLC074220. The current CIN is U29120MH1993PLC074220, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29120MH1993PLC074220 | Current |
| L29120MH1993PLC074220 | Previous |
Recognitions & Rankings of Ub Stainless
Contact details
Ub Stainless Limited's registered office is in Nashik, Maharashtra. Its website is ubstainless.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. A 63 & 64 MIDC Industrial Estate Near Malegaon Sinnar, Nashik, Maharashtra, India – 422103
- IndustryManufacturing, Pipe & Tubes
To see the full contact details of Ub Stainless Limited, buy the company report.
Comprehensive company report
Ub Stainless Limited - one report that includes everything
- 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
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Brands
Ub Stainless operates one associated brand: UB Stainless Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of stainless steel welded tubes for industrial and engineering applications. | ubstainless.in |
Business activity
The main business activity of Ub Stainless 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 Ub Stainless Limited, buy the company report.
Financials of Ub Stainless Limited
FY 2024 filings availableUb Stainless Limited reported revenue of ₹195.27 Cr (up 1% YoY) for FY 2025.
Revenue · FY 2025
₹195.27 Cr ▲ 1%
Net profit · FY 2025
₹9.09 Cr margin 4.7%
EBITDA · FY 2025
₹13.85 Cr margin 7.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 1%
3 years · compounded
▲ 3%
5 years · compounded
▲ 17%
EBITDA CAGR growth
1 year
▲ 11%
3 years · compounded
▲ 17%
5 years · compounded
▲ 17%
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 1% growth in the latest year. EBITDA rose 11% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
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| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹13.85 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9.09 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Fixed Assets | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.1% | ||||
| Net Profit Margin | 4.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Ub Stainless Limited, buy the company report.
Board of directors of Ub Stainless Limited
Ub Stainless has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aiyush Bhuwalka Also directs: Ub Automotive Private Limited, Ub Starlit Private Limited | Director | 30 Sep 2005 | 21 Years 0 Months | Current |
| Sushil Bhuwalka | Managing Director | 28 Sep 1993 | 33 Years 0 Months | Current |
| Vandana Uberoi Also directs: Capriaqua Consulting & Advisory Private Limited | Director | 10 Mar 2016 | 10 Years 7 Months | Current |
| Ashok Thakorlal Shah | Additional Director | 01 Aug 2025 | 1 Years 2 Months | Current |
Peer comparison
Ub Stainless Limited is compared with the 4 companies closest to it by revenue in the Manufacturing industry (Pipes), 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 |
|---|---|---|---|---|---|---|
| Dadu Pipes Private Limited. | ₹202.37 Cr (FY 2025) | -42.0% | New Delhi, Delhi, India | |||
| Ratnadeep Metal and Tubes Limited | ₹198.16 Cr (FY 2025) | -12.0% | Ahmedabad, Gujarat, India | |||
| Ub Stainless Limitedthis company | ₹195.27 Cr (FY 2025) | ₹9.09 Cr | 4.7% | 1.0% | 104 | Nashik, Maharashtra, India |
| Indus Tubes Limited | ₹192.06 Cr (FY 2025) | -48.0% | Delhi, India | |||
| Apex Tubes Pvt Ltd | ₹190.98 Cr (FY 2023) | 115.0% | New Delhi, Delhi, India |
To see the full peer comparison of Ub Stainless Limited, buy the company report.
Auditor
Ub Stainless Limited is audited by J.C BAFNA & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J.C BAFNA & CO | FY 2023 | 100838W |
Shareholding
The shareholding of Ub Stainless 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 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ub Stainless Limited, buy the company report.
Charges & borrowings
Open charges
₹51.6 Cr
Satisfied charges
₹9.25 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Apr 2023 | 100717648 | Others | ₹10 Cr | Open | |
| 14 Sep 2021 | 100486336 | Others | ₹3.5 Cr | Open | |
| 29 Mar 2011 | 10277043 | Axis Bank Limited | ₹38.1 Cr | Open | |
| 03 Sep 2019 | 100290609 | Others | ₹1.25 Cr | Satisfied | |
| 18 Mar 2000 | 90155205 | State Bank of India | ₹1.2 Cr | Satisfied |
To see the full charge records of Ub Stainless Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Ub Stainless Limited has 3 court cases on record: 2 filed by Ub Stainless, 1 filed against it. 1 case is pending and 2 are disposed.
Total cases
3
Filed by the company
2
Filed against the company
1
Pending
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 1 |
| High courts | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed by the company against Blue Blends (India) Ltd and 5 others | Pending |
| High Court, MAHARASHTRA | Court case (CARBP) | Filed by the company against Blue Blends (India) Ltd. | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Complaint ULP1) | Filed against the company by an individual | Disposed |
To see the full case history of Ub Stainless 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ub Stainless Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ub Stainless Limited has a workforce of 104 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
Employee count
104
Active EPFO establishments
1
Employee growth
5.05%
GST
Ub Stainless has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACW0404B1Z2 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ub Stainless Limited, buy the company report.
Recent activity
Ub Stainless Limited has 9 board changes on record since 1993: 4 appointments and 5 cessations. The latest: Ashok Thakorlal Shah was appointed as Additional Director on 01 Aug 2025.
Appointed
Ashok Thakorlal Shah was appointed as Additional Director.
AGM
Ub Stainless Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Pawan Kumar Kedia ceased to be Additional Director.
Filing
Ub Stainless Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Others of Rs. 10.00 Cr registered on 21 Apr 2023 with Charge ID 100717648 was modified on 27 Mar 2024.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 100717648 was registered on 21 Apr 2023.
Charges
A charge with Axis Bank Limited of Rs. 38.10 Cr registered on 29 Mar 2011 with Charge ID 10277043 was modified on 02 Jul 2022.
Ceased
Shashi Bhushan Sinha ceased to be Director.
Charges
A charge with Others amounted to Rs. 3.50 Cr with Charge ID 100486336 was registered on 14 Sep 2021.
Charges
A charge registered on 03 Sep 2019 via Charge ID 100290609 with Others was fully satisfied on 30 Aug 2021.
Charges
A charge with Others amounted to Rs. 1.25 Cr with Charge ID 100290609 was registered on 03 Sep 2019.
Ceased
Vishnu Prakash Garg ceased to be Director.
12 earlier events are in the company report.
Frequently asked questions
Ub Stainless is an active public limited company based in Nashik, Maharashtra, India. The company works in pipe and tubes, within the manufacturing industry. It was incorporated on 28 September 1993 (33+ years old) and is registered under CIN U29120MH1993PLC074220.
Ub Stainless has 4 current directors:
- Sushil Bhuwalka - Managing Director
- Aiyush Bhuwalka - Director
- Vandana Uberoi - Director
- Ashok Thakorlal Shah - Additional Director
The latest financial statements of Ub Stainless on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Ub Stainless is 27AAACW0404B1Z2, registered in Maharashtra.
The CIN (Corporate Identification Number) of Ub Stainless is U29120MH1993PLC074220. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ub Stainless has 3 court cases on record: 2 filed by the company and 1 filed against it. 1 is pending. Most are in the district courts.
Ub Stainless was incorporated on 28 September 1993, making it 33+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Ub Stainless by revenue are Dadu Pipes Private Limited, Ratnadeep Metal and Tubes Limited, Indus Tubes Limited, Apex Tubes Pvt Ltd, all in the Manufacturing industry (Pipes), with the same principal business activity (metal and metal products).
Ashok Thakorlal Shah was appointed as Additional Director on 01 Aug 2025. Pawan Kumar Kedia ceased to be Additional Director on 04 Sep 2024. Shashi Bhushan Sinha ceased to be Director on 12 May 2022. Ub Stainless has 9 board changes on record in total.
Yes, Ub Stainless is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0043788).
Ub Stainless can be reached through the website ubstainless.in. Its registered office is in Nashik, Maharashtra, India.