Advance Steel Tubes Profile
Key Indicators
- Authorised Capital ₹ 5.00 Cr
- Paid Up Capital ₹ 7.40 M
- Company Age 46 Year, 11 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 87.55 Cr
- Satisfied Charges ₹ 78.16 Cr
- Revenue Growth 38.74%
- Profit Growth 24.23%
- Ebitda -132.97%
- Net Worth 5.48%
- Total Assets -4.26%
About Advance Steel Tubes
Advance Steel Tubes Limited (ASTL) is a leading Public Limited Indian Non-Government Company incorporated in India on 23 March 1978 and has a history of 46 years and 11 months. Its registered office is in Uttar Pradesh, Uttar Pradesh.
The Corporate was formerly known as Diwakar Investments Limited. The Company is engaged in the Manufacturing Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 5.00 Cr and a paid-up capital of Rs 7.40 M.
The company currently has active open charges totaling ₹87.55 Cr. The company has closed loans amounting to ₹78.16 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Advance Steel Tubes Limited India are Parul Misra as COMPANY SECRETARY and Vatsal Agarwal as Cfo. Aashish Agarwal, Lalit Agarwal, Deoki Nandan, and Three other members serve as directors at the Company.
Company Details
- Location Uttar Pradesh, Uttar Pradesh
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
L24231UP1978PLC004583
- Company No.
004583
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
23 Mar 1978
- Date of AGM
13 Aug 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Listed
- ROC Code
Roc Kanpur
Industry
What products or services does Advance Steel Tubes Limited offer?
Advance Steel Tubes Limited offers a wide range of products and services, including Antennas, Wifi & Communication Tower, Communication Towers, PVC, FRP, HDPE & Other Plastic Pipes, UPVC Water Pipes, Road Barriers & Safety, Road Safety Products, Steel & Stainless Steel Products, Industrial Steel, Steel Pipes, Steel Tubes.
Who are the key members and board of directors at Advance Steel Tubes?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Deoki Nandan  | Managing Director | 12-Mar-1979 | Current |
| Parul Misra | Company Secretary | 03-Nov-2011 | Current |
| Vatsal Agarwal | CFO | 03-Sep-2014 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Aashish Agarwal | Director | 17-Aug-2015 | Current |
| Lalit Agarwal | Director | 14-Nov-1987 | Current |
| Deepika Gaur | Director | 27-Jun-2024 | Current |
| Ankita Mathpal | Director | 27-Jun-2024 | Current |
| Divya Chawla | Director | 30-Mar-2024 | Current |
Financial Performance of Advance Steel Tubes.
Advance Steel Tubes Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 38.74% increase. The company also saw a substantial improvement in profitability, with a 24.23% increase in profit. The company's net worth moved up by a moderate rise of 5.48%.
- Key Matrics
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What is the Ownership and Shareholding Structure of Advance Steel Tubes?
In 2021, Advance Steel Tubes had a promoter holding of 74.95% and a public holding of 25.05%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Vn Realtors Private LimitedAashish Agarwal is a mutual person
Sophia Exports LimitedLalit Agarwal and Divya Chawla are mutual person
Marda Commercial & Holdings LtdLalit Agarwal and Ankita Mathpal are mutual person
Farsight Securities LimitedDeoki Nandan is a mutual person
Tirupati Structurals LimitedAashish Agarwal and Lalit Agarwal are mutual person
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Advance Ispat (India) LimitedAashish Agarwal, Lalit Agarwal and 1 more are mutual person
Charges (Loans)
₹87.55 Cr
₹78.16 Cr
Charges Breakdown by Lending Institutions
- Bank Of India : 49.54 Cr
- Hdfc Bank Limited : 31.82 Cr
- Others : 6.20 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 Sep 2023 | Hdfc Bank Limited | ₹0.39 M | Open |
| 07 Oct 2022 | Hdfc Bank Limited | ₹1.80 M | Open |
| 21 Mar 2020 | Others | ₹6.00 Cr | Open |
| 03 Jul 2019 | Hdfc Bank Limited | ₹31.60 Cr | Open |
| 10 May 2019 | Others | ₹2.00 M | Open |
How Many Employees Work at Advance Steel Tubes?
Advance Steel Tubes has a workforce of 208 employees as of Mar 22, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Advance Steel Tubes, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Advance Steel Tubes's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
