About Vikas Proppant & Granite Limited
Data last updated:
Vikas Proppant & Granite Limited is a public limited company based in Siwani, Haryana, 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 specialty chemicals segment of the chemicals and materials sector. It was incorporated on 31 October 1994.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L70100HR1994PLC036433. Its GSTIN is 08AAACA9565B1ZS (Rajasthan). The company holds 3 GST registrations, of which 1 is active. It is a listed company as per MCA records. Its shares are listed on BSE: 531518.
The company has an authorised share capital of ₹60 Cr and a paid-up capital of ₹51.47 Cr. It was formerly known as Adarsh Derivatives Ltd and Hindustan Proppant & Realty Limited. It is led by directors including Pawan Singla and Vishanudutt.
Its last annual general meeting (AGM) was held on 30 September 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Hisar Road Siwani, Haryana, India – 127046.
As per the latest standalone financials for FY 2020-21, the company reported a revenue of ₹23.6 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹24 Lakh (net margin 1%) and EBITDA of -₹11.38 Cr (EBITDA margin -48.2%). The net worth stands at ₹187.65 Cr (down 5.3% YoY). Total assets are valued at ₹236.23 Cr (down 7.5% YoY).
As per MCA filings, the company has satisfied charges of ₹95 Cr on record. Court records list 10 cases involving the company, including 10 filed against it. The company has 91 deals on record (89 market trades, 2 funding rounds), with disclosed funding of ₹93.4 Cr; the latest was in July 2022.
The last known website on record is vikasproppantandgraniteltd.in.
Company details
Name history
Vikas Proppant & Granite has undergone 9 name changes throughout its history. The current legal name is Vikas Proppant & Granite Limited.
| Company Name | Status |
|---|---|
| Vikas Proppant & Granite Limited | Current |
| Adarsh Derivatives Ltd | Previous |
| Hindustan Proppant & Realty Limited | Previous |
| Vikas Granaries Limited | Previous |
| Bharat Proppant & Reality Limited | Previous |
| Vikas Rhinestone & Proppant Limited | Previous |
| Vikas Proppant & Granaite Limited | Previous |
| Reliance Proppant & Reality Limited | Previous |
| Hindustan Proppant & Reality Limited | Previous |
CIN history
Vikas Proppant & Granite has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L70100HR1994PLC036433, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L70100HR1994PLC036433 | Current |
| U15400HR1994PLC036433 | Previous |
| L15400HR1994PLC036433 | Previous |
| L14100HR1994PLC036433 | Previous |
Contact details
Vikas Proppant & Granite Limited's registered office is in Siwani, Haryana. Its website is vikasproppantandgraniteltd.in. Its e-mail address is in the company report.
- Email
- Registered AddressHisar Road Siwani, Haryana, India – 127046
- IndustryChemicals and Materials, Specialty Chemicals
To see the full contact details of Vikas Proppant & Granite 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
Financials of Vikas Proppant & Granite Limited
FY 2020-21 filings availableVikas Proppant & Granite Limited reported revenue of ₹23.6 Cr (up 239.1% YoY) for FY 2020-21.
Financial Highlights
FY 2020-21 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 23.60 | 6.96 | 52.77 | 0.00 | 3.12 | 116 | 293 |
| Revenue growth | +239.1% | -86.8% | - | -100.0% | -97.3% | -60.3% | - |
| EBITDA | (11.38) | 5.04 | 51.59 | (0.48) | (1.17) | 3.87 | 14.72 |
| EBITDA margin | -48.2% | +72.4% | +97.8% | - | -37.5% | +3.3% | +5.0% |
| Profit before tax | (11.38) | 5.04 | 51.59 | (5.52) | (12.71) | (7.66) | 0.64 |
| Net profit | 0.24 | 3.93 | 44.26 | (1.01) | (13.83) | (9.01) | 0.40 |
| Net profit margin | +1.0% | +56.5% | +83.9% | - | -443.3% | -7.8% | +0.1% |
| EPS (₹) | (0.22) | 0.08 | 0.87 | 0.00 | (7.64) | (4.97) | 0.22 |
| Balance sheet | |||||||
| Total assets | 236 | 255 | 262 | 178 | 179 | 193 | 201 |
| Net worth | 188 | 198 | 198 | 71.95 | 73.01 | 86.85 | 95.86 |
| Total debt | 48.58 | 57.26 | 64.19 | 107 | 106 | 106 | 106 |
| Cash & bank | 0.03 | 0.03 | 0.04 | 0.03 | 1.91 | 0.05 | 0.05 |
| Net working capital | 44.43 | 39.96 | 46.41 | 50.20 | 52.64 | 41.98 | 37.31 |
| Cash flow | |||||||
| Cash from operations | (15.80) | 10.46 | 44.24 | (7.08) | 1.73 | (0.80) | 3.45 |
| Cash from investing | 23.62 | 0.00 | (83.49) | 4.98 | 0.15 | 0.01 | (3.34) |
| Cash from financing | (7.83) | (10.47) | 39.26 | 0.22 | (0.02) | 0.79 | (0.11) |
| Particulars | Dec 2021 | Sep 2021 | Jun 2021 | Mar 2021 | Dec 2020 | Sep 2020 | Jun 2020 | Mar 2020 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.00 | 1.55 | 0.00 | 9.40 | 12.65 | 2.43 |
| Revenue growth (YoY) | - | -100.0% | -100.0% | -36.2% | - | - | - | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total expenses | 0.06 | 0.03 | 0.26 | 17.26 | 0.07 | 9.39 | 8.26 | 0.18 |
| EBITDA | (0.06) | (0.03) | (0.26) | (15.71) | (0.07) | 0.01 | 4.39 | 2.25 |
| EBITDA margin | - | - | - | -1013.5% | - | +0.1% | +34.7% | +92.6% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | (0.06) | (0.03) | (0.26) | (15.71) | (0.07) | 0.01 | 4.39 | 2.25 |
| Tax | 0.00 | 0.00 | 0.00 | (1.50) | 0.00 | 0.29 | 1.22 | 0.92 |
Financial Statements
| Particulars | Dec 2021 | Sep 2021 | Jun 2021 | Mar 2021 | Dec 2020 | Sep 2020 | Jun 2020 | Mar 2020 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.00 | 1.55 | 0.00 | 9.40 | 12.65 | 2.43 |
| Revenue growth (YoY) | - | -100.0% | -100.0% | -36.2% | - | - | - | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total expenses | 0.06 | 0.03 | 0.26 | 17.26 | 0.07 | 9.39 | 8.26 | 0.18 |
| EBITDA | (0.06) | (0.03) | (0.26) | (15.71) | (0.07) | 0.01 | 4.39 | 2.25 |
| EBITDA margin | - | - | - | -1013.5% | - | +0.1% | +34.7% | +92.6% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | (0.06) | (0.03) | (0.26) | (15.71) | (0.07) | 0.01 | 4.39 | 2.25 |
| Tax | 0.00 | 0.00 | 0.00 | (1.50) | 0.00 | 0.29 | 1.22 | 0.92 |
| Particulars | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|---|---|
| Revenue | 23.60 | 6.96 | 52.77 | 0.00 | 3.12 | 116 | 293 |
| Revenue growth | +239.1% | -86.8% | - | -100.0% | -97.3% | -60.3% | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.04 | 0.00 | 0.03 | 0.04 |
| Total expenses | 34.98 | 1.92 | 1.18 | 0.48 | 4.29 | 112 | 278 |
| Employee cost | 0.11 | 1.67 | 0.76 | 0.18 | 0.35 | 0.72 | 0.52 |
| EBITDA | (11.38) | 5.04 | 51.59 | (0.48) | (1.17) | 3.87 | 14.72 |
| EBITDA margin | -48.2% | +72.4% | +97.8% | - | -37.5% | +3.3% | +5.0% |
| Depreciation | 0.00 | 0.00 | 0.00 | 5.08 | 11.53 | 11.55 | 14.01 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.11 |
| Profit before tax | (11.38) | 5.04 | 51.59 | (5.52) | (12.71) | (7.66) | 0.64 |
| Tax | 0.00 | 1.11 | 7.33 | (4.47) | 1.12 | 1.35 | 0.24 |
| Net profit | 0.24 | 3.93 | 44.26 | (1.01) | (13.83) | (9.01) | 0.40 |
| Net profit margin | +1.0% | +56.5% | +83.9% | - | -443.3% | -7.8% | +0.1% |
| EPS (₹) | (0.22) | 0.08 | 0.87 | 0.00 | (7.64) | (4.97) | 0.22 |
| Particulars | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 51.47 | 50.62 | 50.62 | 18.12 | 18.12 | 18.12 | 18.12 |
| Reserves & surplus | 136 | 148 | 147 | 53.83 | 54.89 | 68.73 | 77.74 |
| Shareholders' funds (net worth) | 188 | 198 | 198 | 71.95 | 73.01 | 86.85 | 95.86 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 48.58 | 57.26 | 64.19 | 107 | 106 | 106 | 106 |
| Total debt | 48.58 | 57.26 | 64.19 | 107 | 106 | 106 | 106 |
| Total liabilities | 236 | 255 | 262 | 178 | 179 | 193 | 201 |
| Assets | |||||||
| Gross block | 176 | 180 | 180 | 96.87 | 97.11 | 189 | 189 |
| Net block | 160 | 164 | 164 | 80.26 | 85.58 | 109 | 121 |
| Capital work in progress | 28.42 | 47.95 | 47.95 | 47.93 | 47.93 | 47.60 | 47.32 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.52 | 14.40 |
| Sundry debtors | 171 | 170 | 176 | 167 | 166 | 165 | 79.72 |
| Cash & bank balances | 0.03 | 0.03 | 0.04 | 0.03 | 1.91 | 0.05 | 0.05 |
| Loans & advances | 24.45 | 17.49 | 17.32 | 13.74 | 18.20 | 2.73 | 2.73 |
| Total current assets | 196 | 188 | 193 | 181 | 186 | 171 | 96.90 |
| Total current liabilities | 152 | 148 | 146 | 131 | 133 | 129 | 59.59 |
| Net working capital | 44.43 | 39.96 | 46.41 | 50.20 | 52.64 | 41.98 | 37.31 |
| Total assets | 236 | 255 | 262 | 178 | 179 | 193 | 201 |
| Particulars | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.03 | 0.04 | 0.03 | 1.91 | 0.05 | 0.05 | 0.05 |
| Net cash from operating activities | (15.80) | 10.46 | 44.24 | (7.08) | 1.73 | (0.80) | 3.45 |
| Net cash from investing activities | 23.62 | 0.00 | (83.49) | 4.98 | 0.15 | 0.01 | (3.34) |
| Net cash from financing activities | (7.83) | (10.47) | 39.26 | 0.22 | (0.02) | 0.79 | (0.11) |
| Net change in cash | 0.00 | (0.01) | 0.01 | (1.88) | 1.86 | 0.00 | 0.00 |
| Closing cash | 0.03 | 0.03 | 0.04 | 0.03 | 1.91 | 0.05 | 0.05 |
| Particulars | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +239.1% | -86.8% | - | -100.0% | -97.3% | -60.3% | - |
| EBITDA growth | -325.8% | -90.2% | - | +59.0% | -130.2% | -73.7% | - |
| PBT growth | - | -90.2% | +9998.0% | +56.6% | -65.9% | - | -21.0% |
| Net income growth | -93.9% | -91.1% | +4482.2% | +92.7% | -53.5% | -2352.5% | - |
| Revenue CAGR (3Y) | - | +30.7% | -23.1% | -100.0% | -71.9% | -19.0% | - |
| EBITDA CAGR (3Y) | +187.3% | - | +137.1% | - | - | -49.7% | - |
| Profitability & leverage | |||||||
| Net income margin | -48.2% | +56.5% | +83.9% | - | -443.3% | -7.8% | +0.1% |
| Return on capital employed | +0.1% | +1.9% | +23.4% | -3.1% | -6.8% | -3.9% | +0.4% |
| Return on net worth | +0.1% | +2.0% | +32.8% | -1.5% | -17.3% | -9.9% | +0.4% |
| Debt / equity | 0.27 | 0.31 | 0.63 | 1.47 | 1.33 | 1.16 | 1.10 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.66 | 1.16 | 1.10 |
| Interest cover | 0.00 | 0.00 | 0.00 | 0.00 | -0.08 | -0.13 | 15.49 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.13 | 0.04 | 0.38 | 0.00 | 0.02 | 0.62 | 1.55 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 1.77 | 12.97 | 16.87 |
| Debtors turnover | 0.14 | 0.04 | 0.31 | 0.00 | 0.02 | 0.95 | 4.05 |
| EPS (₹) | (0.22) | 0.08 | 0.87 | 0.00 | (7.64) | (4.97) | 0.22 |
| Dividend per share (₹) | 0.00 | 0.10 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 3.65 | 3.92 | 3.91 | 39.71 | 40.30 | 47.94 | 52.91 |
To see the full year-wise statements and ratios of Vikas Proppant & Granite Limited, buy the company report.
Board of directors and KMP of Vikas Proppant & Granite Limited
Vikas Proppant & Granite Limited currently reports 6 directors and 1 key managerial person. 26 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pawan Singla Also directs: Vikas Chemi Gums (India) Limited | Additional Director | 01 Apr 2022 | 4 Years 7 Months | As last reported |
| Vishanudutt | Additional Director | 12 Nov 2021 | 5 Years 0 Months | As last reported |
| Anandilal | Additional Director | 12 Nov 2021 | 5 Years 0 Months | As last reported |
| Naib Singh | Additional Director | 16 May 2022 | 4 Years 5 Months | As last reported |
| Suman Devi | Additional Director | 21 Dec 2021 | 4 Years 10 Months | As last reported |
| Arun Singla | Additional Director | 12 Nov 2021 | 5 Years 0 Months | As last reported |
Auditor
Vikas Proppant & Granite Limited is audited by SINGH AJAI & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SINGH AJAI & CO | FY 2021 | 007495C |
Shareholding
The shareholding of Vikas Proppant & Granite Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vikas Proppant & Granite Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Sep 2012 | 10382449 | Punjab National Bank | ₹35 Cr | Satisfied | |
| 05 Jul 2010 | 10229305 | Punjab National Bank | ₹35 Cr | Satisfied | |
| 10 Aug 2009 | 10169679 | Ifci Limited | ₹10 Cr | Satisfied | |
| 10 Aug 2009 | 10169746 | Ifci Factors Limited | ₹15 Cr | Satisfied |
To see the full charge records of Vikas Proppant & Granite Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Vikas Proppant & Granite Limited has 91 deals on record (89 market trades, 2 funding rounds), with disclosed funding of ₹93.4 Cr; the latest was in July 2022.
Deals on record (5 of 91)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2022 | Market trade | ₹40.3 Lakh | Buyer: Topgain Finance Private Limited Seller: Topgain Finance Private Limited |
| Jul 2022 | Market trade | ₹48.6 Lakh | Buyer: Topgain Finance Private Limited Seller: Topgain Finance Private Limited |
| Jul 2022 | Market trade | ₹25.9 Lakh | Buyer: Topgain Finance Private Limited , Vibrant Securities Private Limited Seller: Vibrant Securities Private Limited |
| Jul 2022 | Market trade | ₹1.96 Cr | Buyer: Topgain Finance Private Limited , Vibrant Securities Private Limited Seller: Vibrant Securities Private Limited, Topgain Finance Private Limited , an individual |
| Jul 2022 | Market trade | ₹1.96 Cr | Buyer: Topgain Finance Private Limited Seller: Topgain Finance Private Limited , an individual |
To see the full deal history of Vikas Proppant & Granite 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
Vikas Proppant & Granite Limited has 10 court cases on record: 10 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 7 | 0 |
| High courts | 2 | 2 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Alert India Private Limited and 2 others | Disposed |
| High Court of Delhi | Writ petition | Filed against the company by Ifci Ltd. | Disposed |
| District court, Bhopal, Madhya Pradesh | Court case (MJC SUC) | Filed against the company | Disposed |
| District court, Bhiwani, Haryana | Commercial suit | Filed against the company by Registrar of Companies | Disposed |
| District court, Bhiwani, Haryana | Court case (CRR) | Filed against the company by an individual | Disposed |
To see the full case history of Vikas Proppant & Granite 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 Vikas Proppant & Granite Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Vikas Proppant & Granite has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AAACA9565B1ZS | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vikas Proppant & Granite Limited, buy the company report.
Recent activity
Vikas Proppant & Granite Limited has 51 board changes on record since 2006: 29 appointments and 22 cessations. The latest: Naib Singh was appointed as Additional Director on 16 May 2022.
53 earlier events are in the company report.
News
Frequently asked questions
Vikas Proppant & Granite 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.
Vikas Proppant & Granite is a company under insolvency, formerly operating as a public limited company based in Siwani, Haryana, India. The company works in specialty chemicals, within the chemicals and materials industry. It was incorporated on 31 October 1994 and is registered under CIN L70100HR1994PLC036433. Listed on BSE: 531518. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Vikas Proppant & Granite reported revenue of ₹23.6 Cr for FY 2020-21 (up 239.1% YoY) based on standalone financials.
Vikas Proppant & Granite has 7 current directors and KMP:
- Pawan Singla - Additional Director
- Vishanudutt - Additional Director
- Anandilal - Additional Director
- Naib Singh - Additional Director
- Suman Devi - Additional Director
- Arun Singla - Additional Director
- Praveen - Company Secretary
The latest financial statements of Vikas Proppant & Granite on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 September 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Vikas Proppant & Granite is L70100HR1994PLC036433. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Vikas Proppant & Granite is a listed company as per MCA records. Its shares are listed on BSE (code: 531518).
Vikas Proppant & Granite has no open charges and satisfied charges of ₹95 Cr as per latest MCA filings.
Vikas Proppant & Granite has 10 court cases on record: 10 filed against it. Most are in the district courts.
Vikas Proppant & Granite was incorporated on 31 October 1994. It is registered with the Registrar of Companies, Delhi.
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