Advance Steel Tubes Limited

Manufacturer of steel pipes, structures, guardrails, scaffolding, and poles with multiple manufacturing units.

1978 | Uttar Pradesh, Uttar Pradesh (India) | Active
Last Updated:

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

Manufacturing
Metals and Minerals

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)

NameDesignationAppointment DateStatus
Deoki Nandan Country flag representing In Managing Director12-Mar-1979Current
Parul Misra Country flag representing In Company Secretary03-Nov-2011Current
Vatsal Agarwal Country flag representing In CFO03-Sep-2014Current

Board Members (5)

NameDesignationAppointment DateStatus
Aashish Agarwal Country flag representing In Director 17-Aug-2015Current
Lalit Agarwal Country flag representing In Director 14-Nov-1987Current
Deepika Gaur Country flag representing In Director 27-Jun-2024Current
Ankita Mathpal Country flag representing In Director 27-Jun-2024Current
Divya Chawla Country flag representing In Director 30-Mar-2024Current

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%.

Advance Steel Tubes revenue growth over time
Advance Steel Tubes profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
38.74%
Revenue from Operations
35.18%
Total Assets
-4.26%
Profit or Loss
24.23%
Net Worth
5.48%
EBITDA
-132.97%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹87.55 Cr

Satisfied Charges

₹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

DateLenderAmountStatus
14 Sep 2023Hdfc Bank Limited₹0.39 MOpen
07 Oct 2022Hdfc Bank Limited₹1.80 MOpen
21 Mar 2020Others₹6.00 CrOpen
03 Jul 2019Hdfc Bank Limited₹31.60 CrOpen
10 May 2019Others₹2.00 MOpen

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.

Employee growth trends for Advance Steel Tubes Limited

Deals i

Graph showing company valuation over time

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

Graph displaying rating trends over time

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

Alert Indicator

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.

Latest Updates, News, and FAQs on Advance Steel Tubes

Recent activity within the organization

  • Annual General Meeting

    Advance Steel Tubes Limited last Annual general meeting of members was held on 13 Aug 2024 as per latest MCA records.

  • Director Appointment

    Deepika Gaur was appointed as a Director was appointed as a Director on 27 Jun 2024 & has been associated with this company since 8 months 11 days .

  • Director Appointment

    Ankita Mathpal was appointed as a Director was appointed as a Director on 27 Jun 2024 & has been associated with this company since 8 months 11 days .

  • Balance Sheet

    Advance Steel Tubes Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Kanpur.

  • Director Appointment

    Divya Chawla was appointed as a Director was appointed as a Director on 30 Mar 2024 & has been associated with this company since 11 months 9 days .

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 0.04 Cr with Charge ID 100803960 was registered on 14 Sep 2023.

Frequently asked questions

  • What is the Incorporation or founding date of Advance Steel Tubes Limited?

    Advance Steel Tubes Limited was incorporated on 23 Mar 1978.

  • What is authorized share capital and paid-up capital of Advance Steel Tubes Limited?

    The authorized share capital of Advance Steel Tubes Limited is ₹ 5.00 Cr and paid-up capital is ₹ 7.40 M.

  • Who are the current board members & directors of Advance Steel Tubes Limited?

    Currently 8 directors are associated with Advance Steel Tubes Limited.

    • Aashish Agarwal
    • Lalit Agarwal
    • Deoki Agrawal Nandan
    • Deepika Gaur
    • Parul Misra
    • Vatsal Agarwal
    • Ankita Mathpal
    • Divya Chawla

  • What is the registered address of Advance Steel Tubes Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Advance Steel Tubes Limited is 45/3 Industrial Areasite Iv Sahiba Bad Ghaziabad India, Uttar Pradesh, 201020.

  • What is the corporate identification number (CIN) and company number of Advance Steel Tubes Limited?

    The corporate identification number (CIN) of Advance Steel Tubes Limited is L24231UP1978PLC004583 and the company number is 004583 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Advance Steel Tubes Limited?

    The Official website of Advance Steel Tubes Limited is https://www.advance.co.in

  • What has been the recent revenue trend for Advance Steel Tubes Limited?

    According to the financial reports for the fiscal year 2022, the revenue trend for Advance Steel Tubes Limited has risen by 38.74%.

  • How many employees does Advance Steel Tubes Limited currently have?

    As Per 2022 financial reports, 208 employees are currently employed by Advance Steel Tubes Limited.

  • What change has been observed in the net worth of Advance Steel Tubes Limited, and by what percentage?

    The financial reports for the fiscal year 2022 indicates that The net worth of Advance Steel Tubes Limited has experienced an upsurge of 5.48%.

  • What are the total open charges for Advance Steel Tubes Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for Advance Steel Tubes Limited amount to ₹ 87.55 Cr.

  • When was the last Balance Sheet of Advance Steel Tubes Limited filed with the ROC?

    The most recent Balance Sheet for Advance Steel Tubes Limited was filed with the ROC on 31 Mar 2024.

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