About Visa Steel Limited
Data last updated:
Visa Steel Limited is a public limited company based in Bhubaneswar, Odisha, 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 steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 10 September 1996.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN L51109OR1996PLC004601. It is a listed company as per MCA records. Its shares are listed on BSE: 532721.
The company has an authorised share capital of ₹252 Cr and a paid-up capital of ₹115.79 Cr. It was formerly known as Visa Industries Limited. It is led by directors including Vishal Agarwal (Managing Director) and Vishambhar Saran (Whole-Time Director).
Its last annual general meeting (AGM) was held on 27 September 2024, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Bhubaneswar, Odisha.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹561.62 Cr, a decline of 0.9% compared to the previous year. For the same year it recorded a net loss of ₹38.96 Cr (net margin -6.9%) and EBITDA of ₹13.67 Cr (EBITDA margin 2.4%). Total assets are valued at ₹173.02 Cr (up 357.8% YoY).
The company has about 335 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary and 1 joint venture.
The company is associated with 1 brand: VISA Steel. As per MCA filings, the company has open charges of ₹16,192 Cr and satisfied charges of ₹2,349.23 Cr on record. Court records list 224 cases involving the company, including 140 filed by the company and 84 filed against it; 60 cases are pending.
The last known website on record is visasteel.com.
Company details
CIN history
Visa Steel has one previous CIN (Corporate Identification Number): U51109OR1996PLC004601. The current CIN is L51109OR1996PLC004601, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L51109OR1996PLC004601 | Current |
| U51109OR1996PLC004601 | Previous |
Contact details
Visa Steel Limited's registered office is in Bhubaneswar, Odisha. Its website is visasteel.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address11 Ekamra Kanan, Nayapalli India, Bhubaneswar, Odisha, India – 751015
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Visa Steel 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
Visa Steel operates one associated brand: VISA Steel. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Steel products are manufactured and supplied globally by VISA Steel. | visasteel.com |
Business activity
The main business activity of Visa Steel 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 Visa Steel Limited, buy the company report.
Financials of Visa Steel Limited
FY 2025-26 filings availableVisa Steel Limited reported revenue of ₹561.62 Cr (down 0.9% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 562 | 566 | 670 | 657 | 1,118 | 988 | 683 |
| Revenue growth | -0.9% | -15.4% | +1.9% | -41.2% | +13.2% | +44.6% | - |
| EBITDA | 13.67 | (438) | 5.11 | 8.70 | 17.84 | (1,053) | (49.93) |
| EBITDA margin | +2.4% | -77.3% | +0.8% | +1.3% | +1.6% | -106.5% | -7.3% |
| Profit before tax | 1,050 | (517) | (71.89) | 1,660 | (87.23) | (1,197) | (192) |
| Net profit | (38.96) | (47.23) | (71.97) | (87.55) | (87.40) | (141) | (192) |
| Net profit margin | -6.9% | -8.3% | -10.7% | -13.3% | -7.8% | -14.3% | -28.1% |
| EPS (₹) | 85.85 | (44.61) | (6.21) | 143.39 | (7.53) | (103.40) | (16.57) |
| Balance sheet | |||||||
| Total assets | 173 | 37.79 | 567 | 625 | 1,054 | 1,148 | 2,356 |
| Net worth | (220) | (1,361) | (844) | (772) | (2,433) | (2,346) | (1,148) |
| Total debt | 392 | 1,398 | 1,409 | 1,394 | 3,481 | 3,486 | 3,479 |
| Cash & bank | 3.04 | 2.97 | 25.68 | 20.87 | 13.62 | 10.20 | 9.41 |
| Net working capital | (287) | (419) | (409) | (385) | (616) | (601) | (624) |
| Cash flow | |||||||
| Cash from operations | 36.13 | 25.54 | 17.44 | 26.41 | 17.37 | 13.42 | 58.65 |
| Cash from investing | (24.92) | (12.32) | (9.14) | (18.53) | (8.68) | 1.32 | 11.34 |
| Cash from financing | (8.91) | (13.03) | (8.30) | (7.89) | (8.70) | (13.96) | (63.52) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 120 | 171 | 145 | 75.85 | 171 | 162 | 119 | 151 |
| Revenue growth (YoY) | -29.6% | +5.3% | +22.1% | -49.6% | +26.9% | - | - | - |
| Other income | 0.06 | 1,090 | 0.17 | 3.23 | 0.88 | 0.13 | 0.34 | 7.74 |
| EBITDA | 5.07 | 6.54 | (0.91) | (8.59) | 17.77 | (468) | 2.49 | 7.94 |
| EBITDA margin | +4.2% | +3.8% | -0.6% | -11.3% | +10.4% | -288.4% | +2.1% | +5.3% |
| Depreciation | 6.76 | 6.43 | 6.56 | 6.48 | 6.41 | 12.15 | 12.23 | 12.21 |
| Interest | 7.93 | 7.62 | 9.23 | 8.38 | 7.91 | 7.86 | 7.88 | 7.63 |
| Profit before tax | (9.56) | 1,083 | (16.53) | (20.22) | 4.33 | (488) | (17.28) | (4.16) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net profit | (9.56) | 1,083 | (16.53) | (20.22) | 4.33 | (488) | (17.28) | (4.16) |
| EPS (₹) | (0.66) | 88.50 | (1.42) | (1.75) | 0.37 | (42.16) | (1.49) | (0.36) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 562 | 566 | 670 | 572 | 792 | 611 | 348 |
| Revenue growth | -0.9% | -15.4% | +17.0% | -27.7% | +29.6% | +75.7% | - |
| EBITDA | 13.67 | (438) | 5.11 | (391) | 16.43 | (225) | (59.45) |
| EBITDA margin | +2.4% | -77.3% | +0.8% | -68.3% | +2.1% | -36.8% | -17.1% |
| Profit before tax | 1,050 | (517) | (71.89) | (464) | (52.57) | (290) | (84.86) |
| Net profit | (38.96) | (47.24) | (71.97) | (65.36) | (52.74) | (75.13) | (84.94) |
| Net profit margin | -6.9% | -8.3% | -10.7% | -11.4% | -6.7% | -12.3% | -24.4% |
| EPS (₹) | 85.85 | (44.61) | (6.21) | (40.05) | (4.54) | (25.07) | (7.33) |
| Balance sheet | |||||||
| Total assets | 173 | 37.78 | 567 | 625 | 1,091 | 1,144 | 1,441 |
| Net worth | (220) | (1,361) | (844) | (772) | (309) | (256) | 35.24 |
| Total debt | 392 | 1,398 | 1,409 | 1,394 | 1,395 | 1,396 | 1,353 |
| Cash & bank | 3.02 | 2.94 | 25.66 | 20.85 | 12.61 | 10.16 | 8.33 |
| Net working capital | (287) | (419) | (409) | (385) | 57.72 | 69.60 | 61.17 |
| Cash flow | |||||||
| Cash from operations | 36.13 | 25.52 | 17.44 | 24.73 | 11.77 | 15.89 | 13.40 |
| Cash from investing | (24.92) | (12.31) | (9.14) | (16.50) | (3.13) | 0.33 | 39.46 |
| Cash from financing | (8.91) | (13.02) | (8.30) | (8.24) | (8.65) | (14.48) | (47.35) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 120 | 171 | 145 | 75.85 | 171 | 162 | 119 | 151 |
| Revenue growth (YoY) | -29.6% | +5.3% | +22.1% | -49.6% | +26.9% | - | - | - |
| Other income | 0.06 | 1,090 | 0.17 | 3.23 | 0.88 | 0.13 | 0.34 | 7.74 |
| Total expenses | 115 | 164 | 146 | 84.44 | 153 | 631 | 116 | 143 |
| EBITDA | 5.07 | 6.54 | (0.91) | (8.59) | 17.77 | (468) | 2.49 | 7.94 |
| EBITDA margin | +4.2% | +3.8% | -0.6% | -11.3% | +10.4% | -288.4% | +2.1% | +5.3% |
| Depreciation | 6.76 | 6.43 | 6.56 | 6.48 | 6.41 | 12.15 | 12.23 | 12.21 |
| Interest | 7.93 | 7.62 | 9.23 | 8.38 | 7.91 | 7.86 | 7.88 | 7.63 |
| Profit before tax | (9.56) | 1,083 | (16.53) | (20.22) | 4.33 | (488) | (17.28) | (4.16) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 120 | 171 | 145 | 75.85 | 171 | 162 | 119 | 151 |
| Revenue growth (YoY) | -29.6% | +5.3% | +22.1% | -49.6% | +26.9% | - | - | - |
| Other income | 0.06 | 1,090 | 0.17 | 3.23 | 0.88 | 0.13 | 0.34 | 7.74 |
| EBITDA | 5.07 | 6.54 | (0.91) | (8.59) | 17.77 | (468) | 2.49 | 7.94 |
| EBITDA margin | +4.2% | +3.8% | -0.6% | -11.3% | +10.4% | -288.4% | +2.1% | +5.3% |
| Depreciation | 6.76 | 6.43 | 6.56 | 6.48 | 6.41 | 12.15 | 12.23 | 12.21 |
| Interest | 7.93 | 7.62 | 9.23 | 8.38 | 7.91 | 7.86 | 7.88 | 7.63 |
| Profit before tax | (9.56) | 1,083 | (16.53) | (20.22) | 4.33 | (488) | (17.28) | (4.16) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net profit | (9.56) | 1,083 | (16.53) | (20.22) | 4.33 | (488) | (17.28) | (4.16) |
| EPS (₹) | (0.66) | 88.50 | (1.42) | (1.75) | 0.37 | (42.16) | (1.49) | (0.36) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 562 | 566 | 670 | 657 | 1,118 | 988 | 683 |
| Revenue growth | -0.9% | -15.4% | +1.9% | -41.2% | +13.2% | +44.6% | - |
| Other income | 1,096 | 0.95 | 1.50 | 1,750 | 1.25 | 0.78 | 11.62 |
| Total expenses | 548 | 1,005 | 665 | 649 | 1,101 | 2,041 | 733 |
| Employee cost | 0.00 | 27.11 | 25.96 | 35.99 | 41.65 | 40.69 | 50.51 |
| EBITDA | 13.67 | (438) | 5.11 | 8.70 | 17.84 | (1,053) | (49.93) |
| EBITDA margin | +2.4% | -77.3% | +0.8% | +1.3% | +1.6% | -106.5% | -7.3% |
| Depreciation | 25.88 | 48.66 | 48.59 | 72.60 | 85.48 | 128 | 134 |
| Interest | 33.14 | 30.79 | 29.91 | 25.37 | 20.84 | 16.99 | 19.54 |
| Profit before tax | 1,050 | (517) | (71.89) | 1,660 | (87.23) | (1,197) | (192) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net profit | (38.96) | (47.23) | (71.97) | (87.55) | (87.40) | (141) | (192) |
| Net profit margin | -6.9% | -8.3% | -10.7% | -13.3% | -7.8% | -14.3% | -28.1% |
| EPS (₹) | 85.85 | (44.61) | (6.21) | 143.39 | (7.53) | (103.40) | (16.57) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 129 | 116 | 116 | 116 | 116 | 116 | 116 |
| Reserves & surplus | (386) | (1,477) | (960) | (888) | (2,549) | (2,462) | (1,264) |
| Shareholders' funds (net worth) | (220) | (1,361) | (844) | (772) | (2,433) | (2,346) | (1,148) |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 310 | 1,312 | 1,321 | 1,303 | 3,422 | 3,426 | 3,431 |
| Unsecured loans | 81.52 | 85.55 | 88.18 | 91.35 | 58.58 | 60.68 | 48.85 |
| Total debt | 392 | 1,398 | 1,409 | 1,394 | 3,481 | 3,486 | 3,479 |
| Total liabilities | 173 | 37.79 | 567 | 625 | 1,054 | 1,148 | 2,356 |
| Assets | |||||||
| Gross block | 1,408 | 1,384 | 1,371 | 1,366 | 3,366 | 3,365 | 3,374 |
| Net block | 446 | 447 | 920 | 960 | 1,625 | 1,704 | 2,679 |
| Capital work in progress | 0.00 | 0.00 | 38.75 | 38.75 | 38.75 | 38.75 | 290 |
| Investments | 4.20 | 4.20 | 4.20 | 4.27 | 4.20 | 4.19 | 4.19 |
| Inventories | 15.87 | 11.64 | 8.16 | 7.78 | 30.56 | 34.82 | 32.80 |
| Sundry debtors | 0.05 | 0.95 | 0.00 | 0.00 | 0.00 | 0.00 | 9.08 |
| Cash & bank balances | 3.04 | 2.97 | 25.68 | 20.87 | 13.62 | 10.20 | 9.41 |
| Loans & advances | 56.29 | 61.23 | 23.28 | 29.29 | 53.38 | 59.22 | 34.11 |
| Total current assets | 75.25 | 76.79 | 57.12 | 57.94 | 97.56 | 104 | 85.40 |
| Total current liabilities | 362 | 496 | 466 | 443 | 714 | 705 | 709 |
| Net working capital | (287) | (419) | (409) | (385) | (616) | (601) | (624) |
| Total assets | 173 | 37.79 | 567 | 625 | 1,054 | 1,148 | 2,356 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.23 | 0.04 | 0.04 | 0.05 | 0.06 | 7.35 | 0.88 |
| Net cash from operating activities | 36.13 | 25.54 | 17.44 | 26.41 | 17.37 | 13.42 | 58.65 |
| Net cash from investing activities | (24.92) | (12.32) | (9.14) | (18.53) | (8.68) | 1.32 | 11.34 |
| Net cash from financing activities | (8.91) | (13.03) | (8.30) | (7.89) | (8.70) | (13.96) | (63.52) |
| Net change in cash | 2.30 | 0.19 | 0.00 | (0.01) | (0.01) | 0.78 | 6.47 |
| Closing cash | 3.04 | 2.97 | 25.68 | 20.87 | 13.62 | 10.20 | 9.41 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -0.9% | -15.4% | +1.9% | -41.2% | +13.2% | +44.6% | - |
| EBITDA growth | +103.1% | -8672.2% | -41.3% | -51.2% | +101.7% | -2008.2% | - |
| PBT growth | +9998.0% | -618.5% | - | +9998.0% | +92.7% | -523.9% | -18.7% |
| Net income growth | +17.5% | +34.4% | +17.8% | -0.2% | +38.0% | +26.5% | - |
| Revenue CAGR (3Y) | -5.1% | -20.3% | -12.2% | -1.3% | -7.5% | -21.8% | -24.0% |
| EBITDA CAGR (3Y) | +16.3% | - | - | - | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +187.0% | -91.2% | -10.7% | +252.5% | -7.8% | -121.2% | -28.1% |
| Return on capital employed | - | 0.0% | 0.0% | -3.9% | 0.0% | 0.0% | 0.0% |
| Return on net worth | - | 0.0% | 0.0% | +10.4% | 0.0% | 0.0% | 0.0% |
| Debt / equity | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | -271.42 | -6.33 | -68.79 | -39.70 | -30.81 | -1.44 | -10.62 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.41 | 0.49 | 0.28 | 0.33 | 0.29 | 0.20 |
| Inventory turnover | - | 57.22 | 84.05 | 34.30 | 34.21 | 29.23 | 10.13 |
| Debtors turnover | - | 1,192.61 | 0.00 | 0.00 | 0.00 | 217.66 | 32.31 |
| EPS (₹) | 85.85 | (44.61) | (6.21) | 143.39 | (7.53) | (103.40) | (16.57) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | (117.53) | (72.90) | (66.68) | (210.14) | (202.64) | (99.13) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 120 | 171 | 145 | 75.85 | 171 | 162 | 119 | 151 |
| Revenue growth (YoY) | -29.6% | +5.3% | +22.1% | -49.6% | +26.9% | - | - | - |
| Other income | 0.06 | 1,090 | 0.17 | 3.23 | 0.88 | 0.13 | 0.34 | 7.74 |
| Total expenses | 115 | 164 | 146 | 84.44 | 153 | 631 | 116 | 143 |
| EBITDA | 5.07 | 6.54 | (0.91) | (8.59) | 17.77 | (468) | 2.49 | 7.94 |
| EBITDA margin | +4.2% | +3.8% | -0.6% | -11.3% | +10.4% | -288.4% | +2.1% | +5.3% |
| Depreciation | 6.76 | 6.43 | 6.56 | 6.48 | 6.41 | 12.15 | 12.23 | 12.21 |
| Interest | 7.93 | 7.62 | 9.23 | 8.38 | 7.91 | 7.86 | 7.88 | 7.63 |
| Profit before tax | (9.56) | 1,083 | (16.53) | (20.22) | 4.33 | (488) | (17.28) | (4.16) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 562 | 566 | 670 | 572 | 792 | 611 | 348 |
| Revenue growth | -0.9% | -15.4% | +17.0% | -27.7% | +29.6% | +75.7% | - |
| Other income | 1,096 | 0.94 | 1.50 | 1.65 | 1.23 | 0.52 | 39.72 |
| Total expenses | 548 | 1,005 | 665 | 963 | 776 | 836 | 407 |
| Employee cost | 0.00 | 27.11 | 25.96 | 28.71 | 28.48 | 26.75 | 28.45 |
| EBITDA | 13.67 | (438) | 5.11 | (391) | 16.43 | (225) | (59.45) |
| EBITDA margin | +2.4% | -77.3% | +0.8% | -68.3% | +2.1% | -36.8% | -17.1% |
| Depreciation | 25.88 | 48.66 | 48.59 | 46.82 | 46.26 | 46.52 | 48.32 |
| Interest | 33.14 | 30.79 | 29.91 | 27.73 | 23.97 | 19.61 | 16.81 |
| Profit before tax | 1,050 | (517) | (71.89) | (464) | (52.57) | (290) | (84.86) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net profit | (38.96) | (47.24) | (71.97) | (65.36) | (52.74) | (75.13) | (84.94) |
| Net profit margin | -6.9% | -8.3% | -10.7% | -11.4% | -6.7% | -12.3% | -24.4% |
| EPS (₹) | 85.85 | (44.61) | (6.21) | (40.05) | (4.54) | (25.07) | (7.33) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 129 | 116 | 116 | 116 | 116 | 116 | 116 |
| Reserves & surplus | (386) | (1,477) | (960) | (888) | (425) | (372) | (80.55) |
| Shareholders' funds (net worth) | (220) | (1,361) | (844) | (772) | (309) | (256) | 35.24 |
| Secured loans | 310 | 1,312 | 1,321 | 1,303 | 1,303 | 1,303 | 1,305 |
| Unsecured loans | 81.52 | 85.55 | 88.18 | 91.35 | 92.42 | 92.69 | 47.98 |
| Total debt | 392 | 1,398 | 1,409 | 1,394 | 1,395 | 1,396 | 1,353 |
| Total liabilities | 173 | 37.78 | 567 | 625 | 1,091 | 1,144 | 1,441 |
| Assets | |||||||
| Gross block | 1,408 | 1,384 | 1,371 | 1,366 | 1,349 | 1,350 | 1,355 |
| Net block | 446 | 447 | 920 | 960 | 988 | 1,030 | 1,079 |
| Capital work in progress | 0.00 | 0.00 | 38.75 | 38.75 | 38.75 | 38.75 | 290 |
| Investments | 4.22 | 4.22 | 4.22 | 4.29 | 4.29 | 4.29 | 4.29 |
| Inventories | 15.87 | 11.64 | 8.16 | 7.78 | 12.16 | 19.39 | 17.25 |
| Sundry debtors | 0.05 | 0.95 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash & bank balances | 3.02 | 2.94 | 25.66 | 20.85 | 12.61 | 10.16 | 8.33 |
| Loans & advances | 56.29 | 61.23 | 23.27 | 29.28 | 433 | 422 | 402 |
| Total current assets | 75.23 | 76.76 | 57.09 | 57.91 | 458 | 451 | 427 |
| Total current liabilities | 362 | 496 | 466 | 443 | 400 | 382 | 366 |
| Net working capital | (287) | (419) | (409) | (385) | 57.72 | 69.60 | 61.17 |
| Total assets | 173 | 37.78 | 567 | 625 | 1,091 | 1,144 | 1,441 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.21 | 0.02 | 0.02 | 0.02 | 0.02 | 6.35 | 0.85 |
| Net cash from operating activities | 36.13 | 25.52 | 17.44 | 24.73 | 11.77 | 15.89 | 13.40 |
| Net cash from investing activities | (24.92) | (12.31) | (9.14) | (16.50) | (3.13) | 0.33 | 39.46 |
| Net cash from financing activities | (8.91) | (13.02) | (8.30) | (8.24) | (8.65) | (14.48) | (47.35) |
| Net change in cash | 2.30 | 0.19 | 0.00 | 0.00 | 0.00 | 1.74 | 5.50 |
| Closing cash | 2.51 | 2.94 | 25.66 | 20.85 | 12.61 | 10.16 | 8.33 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -0.9% | -15.4% | +17.0% | -27.7% | +29.6% | +75.7% | - |
| EBITDA growth | +103.1% | -8672.2% | +101.3% | -2478.7% | +107.3% | -277.9% | - |
| PBT growth | +9998.0% | -618.5% | +84.5% | -782.1% | +81.9% | -242.0% | -28.3% |
| Net income growth | +17.5% | +34.4% | -10.1% | -23.9% | +29.8% | +11.6% | - |
| Revenue CAGR (3Y) | -0.6% | -10.6% | +3.1% | +18.1% | -0.6% | -10.7% | -37.1% |
| EBITDA CAGR (3Y) | - | - | - | +87.3% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +187.0% | -91.2% | -10.7% | -81.0% | -6.6% | -47.5% | -24.4% |
| Return on capital employed | - | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Return on net worth | - | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt / equity | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 17.52 |
| Long-term debt / equity | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.18 |
| Interest cover | -271.42 | -6.33 | -68.79 | -6.34 | -80.36 | -7.23 | -15.60 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.41 | 0.49 | 0.42 | 0.59 | 0.45 | 0.26 |
| Inventory turnover | - | 57.22 | 84.05 | 57.42 | 50.21 | 33.36 | 8.62 |
| Debtors turnover | - | 1,192.61 | 0.00 | 0.00 | 0.00 | 0.00 | 39.64 |
| EPS (₹) | 85.85 | (44.61) | (6.21) | (40.05) | (4.54) | (25.07) | (7.33) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | (117.53) | (72.90) | (66.68) | (26.68) | (22.13) | 3.04 |
To see the full year-wise statements and ratios of Visa Steel Limited, buy the company report.
Board of directors and KMP of Visa Steel Limited
Visa Steel Limited currently reports 6 directors and 1 key managerial person. 28 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhanesh Ranjan Also directs: Grand Cargoglobe International LLP | Director | 30 Sep 2018 | 8 Years 0 Months | As last reported |
| Amisha Chaturvedi Khanna | Company Secretary | 10 Feb 2021 | 5 Years 8 Months | As last reported |
| Vishambhar Saran | Whole-Time Director | 10 Sep 1996 | 30 Years 1 Months | As last reported |
| Vishal Agarwal Also directs: Visa Special Steel Limited, Visa Natural Resources Limited, Visa Coke Limited and 5 more | Managing Director | 10 Sep 1996 | 30 Years 1 Months | As last reported |
| Manoj Kumar Also directs: Visa Special Steel Limited, Visa Ferrous Private Limited, Visa Steel Holdings Limited and 2 more | Whole-Time Director | 15 Sep 2015 | 11 Years 1 Months | As last reported |
| Biswajit Chongdar | Director | 07 Aug 2023 | 3 Years 2 Months | As last reported |
Peer comparison
Visa Steel Limited is compared with the 6 companies closest to it by revenue in the Metals and Minerals industry (Steel), 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 |
|---|---|---|---|---|---|---|
| Balajee Loha Private Limited | ₹570.79 Cr (FY 2025) | 8.0% | Raipur, Chhattisgarh, India | |||
| Shri Shyam Ispat(India) Private Limited | ₹568.86 Cr (FY 2025) | -5.0% | Raipur, Chhattisgarh, India | |||
| CHW Forge Private Limited | ₹568.18 Cr (FY 2025) | -4.0% | Ghaziabad, Uttar Pradesh, India | |||
| Jailaxmi Casting and Alloys Private Limited | ₹565.83 Cr (FY 2025) | 1.0% | Aurangabad, Maharashtra, India | |||
| KB Ispat Private Limited | ₹565.68 Cr (FY 2025) | 48.0% | Bhavnagar, Gujarat, India | |||
| Nilkanth Concast Private Limited | ₹565.4 Cr (FY 2024) | -12.0% | Ahmedabad, Gujarat, India | |||
| Visa Steel Limitedthis company | ₹561.62 Cr (FY 2026) | -₹38.96 Cr | -6.9% | -0.9% | 335 | Bhubaneswar, Odisha, India |
To see the full peer comparison of Visa Steel Limited, buy the company report.
Auditor
Visa Steel Limited is audited by M/s. Singhi & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M/s. Singhi & Co. | FY 2023 | 302049E |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 62.40%, foreign institutional investors hold 13.10%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 24.50%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 62.40% | 57.60% | 57.60% | 52.70% |
| Public | 37.60% | 42.40% | 42.40% | 47.30% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Apr 2017 | 100106902 | Others | ₹30 Cr | Open | |
| 31 Jul 2015 | 10588214 | Others | ₹15 Cr | Open | |
| 27 Jul 2015 | 10591072 | Vijaya Bank | ₹9.5 Cr | Open | |
| 29 Jun 2015 | 10594413 | Others | ₹15 Cr | Open | |
| 31 Mar 2015 | 10569142 | Others | ₹282.57 Cr | Open |
To see the full charge records of Visa Steel Limited, buy the company report.
Total charge records: 138 View all charges
Legal cases
Visa Steel Limited has 224 court cases on record: 140 filed by Visa Steel, 84 filed against it. 60 cases are pending and 164 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 158 | 45 | 36 |
| District courts | 45 | 24 | 14 |
| Supreme Court | 12 | 6 | 3 |
| NCLAT | 7 | 7 | 7 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 224)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Khurda, Odisha | Arbitration matter | Filed against the company by Odisha Mining Corporation Ltd and Another | Pending |
| District court, Cuttack, Odisha | Court case (Ex.P.) | Filed against the company by Kohli Builders and Developers Pvt Ltd | Pending |
| High Court of Orissa | Writ petition | Filed by the company against Odisha Mining Corporation Limited., Bhubaneswar and 1 other | Pending |
| High Court | Writ petition | Filed by the company against Chhattisgarh State Industrial Development Corporation Limited and 3 others | Pending |
| High Court, ORISSA | Writ petition | Filed against the company by TP Northern Odisha Distribution Ltd. Jajpur | Pending |
To see the full case history of Visa Steel 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 Visa Steel Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Visa Steel has 1 subsidiary company and 1 joint venture. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Kalinganagar Chrome Private Limited | U27100OR2013PTC017080 |
To see the full group structure of Visa Steel Limited, buy the company report.
Employees & EPFO
Visa Steel Limited has a workforce of 335 employees on its EPFO records as of Mar 21, 2024, across 1 active EPFO establishment.
GST
No GST registration is on our record for Visa Steel Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Visa Steel Limited has 59 board changes on record since 1996: 33 appointments and 26 cessations. The latest: Rupanjana De ceased to be Director on 26 Aug 2023.
303 earlier events are in the company report.
News
Frequently asked questions
Visa Steel 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.
Visa Steel is a company under insolvency, formerly operating as a public limited company based in Bhubaneswar, Odisha, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 10 September 1996 and is registered under CIN L51109OR1996PLC004601. Listed on BSE: 532721. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Visa Steel reported revenue of ₹561.62 Cr for FY 2025-26 (down 0.9% YoY) based on consolidated financials.
Visa Steel has 7 current directors and KMP:
- Vishal Agarwal - Managing Director
- Vishambhar Saran - Whole-Time Director
- Manoj Kumar - Whole-Time Director
- Dhanesh Ranjan - Director
- Biswajit Chongdar - Director
- Ritu Bajaj - Director
- Amisha Chaturvedi Khanna - Company Secretary
The latest financial statements of Visa Steel on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 27 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Visa Steel is L51109OR1996PLC004601. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Visa Steel is a listed company as per MCA records. Its shares are listed on BSE (code: 532721).
Visa Steel has open charges of ₹16,192 Cr and satisfied charges of ₹2,349.23 Cr as per latest MCA filings.
Visa Steel has 224 court cases on record: 140 filed by the company and 84 filed against it. 60 are pending. Most are in the high courts.
Visa Steel was incorporated on 10 September 1996. It is registered with the Registrar of Companies, Cuttack.
The peers of Visa Steel by revenue are Balajee Loha Private Limited, Shri Shyam Ispat(India) Private Limited, CHW Forge Private Limited, Jailaxmi Casting and Alloys Private Limited, KB Ispat Private Limited and 1 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).