Ashok Steels Limited

Produces stainless steel ingots and other primary forms for various industries.

1976 | Hazaribagh, Jharkhand (India) | Active
Last Updated: June 16, 2024

Ashok Steels Profile

Key Indicators

  • Authorised Capital ₹ 1.00 Cr
  • Paid Up Capital ₹ 3.60 M
  • Company Age 48 Year, 7 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 1.86 Cr
  • Revenue Growth -2.64%
  • Profit Growth -21.15%
  • Ebitda -22.80%
  • Net Worth 19.63%
  • Total Assets 7.52%

About Ashok Steels

Ashok Steels Limited (ASL) is a Public Limited Indian Non-Government Company incorporated in India on 15 July 1976 and has a history of 48 years and seven months. Its registered office is in Hazaribagh, Jharkhand, India.

The Company is engaged in the Metals And Minerals Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 1.00 Cr and a paid-up capital of Rs 3.60 M.

The company currently has active open charges totaling ₹1.86 Cr.

Ishwar Jain, Suveena Jain, Ambika Jain, and One other member serve as directors at the Company.

Company Details

  • Location

    Hazaribagh, Jharkhand, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U27310JH1976PLC001253

  • Company No.

    001253

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    15 Jul 1976

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Jharkhand

Industry

Metals and Minerals

Who are the key members and board of directors at Ashok Steels?

Board Members (4)

NameDesignationAppointment DateStatus
Ishwar Jain Country flag representing In Director 01-Nov-2017Current
Suveena Jain Country flag representing In Director 01-Nov-2017Current
Ambika Jain Country flag representing In Director 01-Nov-2017Current
Rajeev Jain Country flag representing In Director 16-Jan-2015Current

Financial Performance of Ashok Steels.

Ashok Steels Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 2.64% decrease. The company also saw a substantial fall in profitability, with a 21.15% decrease in profit. The company's net worth Soared by an impressive increase of 19.63%.

Graph illustrating revenue growth over time
Graph showing 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
-2.64%
Revenue from Operations
-52.14%
Total Assets
7.52%
Profit or Loss
-21.15%
Net Worth
19.63%
EBITDA
-22.80%

What is the Ownership and Shareholding Structure of Ashok Steels?

In 2023, Ashok Steels had a promoter holding of 98.50% and a public holding of 1.50%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹1.86 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 1.80 Cr
  • Others : 0.06 Cr

Latest Charge Details

DateLenderAmountStatus
18 Aug 2023Others₹0.60 MOpen
17 May 2023Hdfc Bank Limited₹1.80 CrOpen

How Many Employees Work at Ashok Steels?

Unlock and access historical data on people associated with Ashok Steels, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Ashok Steels, 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 Ashok Steels'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 Ashok Steels

Recent activity within the organization

  • Annual General Meeting

    Ashok Steels Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Charges

    A charge with Others amounted to Rs. 0.06 Cr with Charge ID 100765563 was registered on 18 Aug 2023.

    18 Aug 2023

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 1.80 Cr with Charge ID 100729717 was registered on 17 May 2023.

    17 May 2023

  • Balance Sheet

    Ashok Steels Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Jharkhand.

    31 Mar 2023

  • Director Appointment

    Suveena Jain was appointed as a Director was appointed as a Director on 01 Nov 2017 & has been associated with this company since 7 years 3 months .

    01 Nov 2017

  • Director Appointment

    Ambika Jain was appointed as a Director was appointed as a Director on 01 Nov 2017 & has been associated with this company since 7 years 3 months .

    01 Nov 2017

Frequently asked questions

  • Ashok Steels Limited was incorporated on 15 Jul 1976.

  • The authorized share capital of Ashok Steels Limited is ₹ 1.00 Cr and paid-up capital is ₹ 3.60 M.

  • Currently 4 directors are associated with Ashok Steels Limited.

    • Ishwar Jain
    • Suveena Jain
    • Ambika Jain
    • Rajeev Kumar Jain
  • As per Ministry of Corporate Affairs (Mca), the registered address of Ashok Steels Limited is Ranchi Road. P.O.Marar Distt.Hazaribagh, Jharkhand, India, 829117.

  • The corporate identification number (CIN) of Ashok Steels Limited is U27310JH1976PLC001253 and the company number is 001253 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2023, the revenue trend for Ashok Steels Limited has fallen by -2.64%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Ashok Steels Limited has experienced an upsurge of 19.63%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Ashok Steels Limited amount to ₹ 1.86 Cr.

  • The most recent Balance Sheet for Ashok Steels Limited was filed with the ROC on 31 Mar 2023.

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