Lagnam Spintex Limited

Founded in 2010 and headquartered in Rajasthan, India.

2010 | Bhilwara, Rajasthan (India) | Active
Last Updated:

Lagnam Spintex Profile

Key Indicators

  • Authorised Capital ₹ 22.50 Cr
  • Paid Up Capital ₹ 17.67 Cr
  • Company Age 14 Year, 9 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 492.04 Cr
  • Satisfied Charges ₹ 58.21 Cr
  • Revenue Growth -12.63%
  • Profit Growth -66.10%
  • Ebitda -47.28%
  • Net Worth 10.46%
  • Total Assets 11.17%

About Lagnam Spintex

Lagnam Spintex Limited (LSL) is a leading Public Limited Indian Non-Government Company incorporated in India on 11 June 2010 and has a history of 14 years and nine months. Its registered office is in Bhilwara, Rajasthan, India.

It is listed on the National Stock Exchange(NSE) under the ticker symbol LAGNAM.

The Corporate was formerly known as Lagnam Spintex Private 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 22.50 Cr and a paid-up capital of Rs 17.67 Cr.

The company currently has active open charges totaling ₹492.04 Cr. The company has closed loans amounting to ₹58.21 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Lagnam Spintex Limited India are Rajeev Parashar as COMPANY SECRETARY and Devilal Mundra as Cfo. Jagdish Laddha, Dwarka Mangal, Shubh Mangal, and Four other members serve as directors at the Company.

Company Details

  • Location

    Bhilwara, Rajasthan, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L17119RJ2010PLC032089

  • Company No.

    032089

  • Stock Symbol

    NSE : LAGNAM

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    11 Jun 2010

  • Date of AGM

    16 Jul 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Jaipur

Industry

Manufacturing

Who are the key members and board of directors at Lagnam Spintex?

Executive Team (3)

NameDesignationAppointment DateStatus
Anand Mangal Country flag representing In Managing Director12-Jun-2010Current
Rajeev Parashar Country flag representing In Company Secretary01-Feb-2018Current
Devilal Mundra Country flag representing In CFO01-Feb-2018Current

Board Members (6)

NameDesignationAppointment DateStatus
Shubh Mangal Country flag representing In Whole-Time Director 21-Feb-2020Current
Dipali Mathur Country flag representing In Director 10-Feb-2018Current
Jagdish Laddha Country flag representing In Director 10-Feb-2018Current
Dwarka Mangal Country flag representing In Whole-Time Director 11-Jun-2010Current
Anil Shah Country flag representing In Director 10-Feb-2018Current
Vijay Bapna Country flag representing In Director 23-Dec-2017Current

Financial Performance of Lagnam Spintex.

Lagnam Spintex Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 12.63% decrease. The company also saw a substantial fall in profitability, with a 66.1% decrease in profit. The company's net worth Soared by an impressive increase of 10.46%.

Lagnam Spintex revenue growth over time
Lagnam Spintex 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
-12.63%
Revenue from Operations
-12.57%
Total Assets
11.17%
Profit or Loss
-66.10%
Net Worth
10.46%
EBITDA
-47.28%

What is the Ownership and Shareholding Structure of Lagnam Spintex?

In 2023, Lagnam Spintex had a promoter holding of 68.50% and a public holding of 31.50%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹492.04 Cr

Satisfied Charges

₹58.21 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of India : 312.06 Cr
  • Others : 102.12 Cr
  • Indian Bank : 73.00 Cr
  • Hdfc Bank Limited : 4.87 Cr

Latest Charge Details

DateLenderAmountStatus
10 May 2024Others₹2.40 MOpen
20 Jan 2024Hdfc Bank Limited₹4.65 CrOpen
01 May 2023Others₹9.71 CrOpen
08 Dec 2022Hdfc Bank Limited₹2.15 MOpen
02 Aug 2022State Bank Of India₹45.00 CrOpen

How Many Employees Work at Lagnam Spintex?

Lagnam Spintex has a workforce of 689 employees as of Apr 06, 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 Lagnam Spintex Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Lagnam Spintex, 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 Lagnam Spintex'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 Lagnam Spintex

Recent activity within the organization

  • Charges

    A charge registered on 10 Mar 2014 via Charge ID 10487964 with State Bank Of India was fully satisfied on 25 Sep 2024.

  • Charges

    A charge registered on 06 Jul 2011 via Charge ID 10298162 with State Bank Of India was fully satisfied on 25 Sep 2024.

  • Annual General Meeting

    Lagnam Spintex Limited last Annual general meeting of members was held on 16 Jul 2024 as per latest MCA records.

  • Charges

    A charge with Others amounted to Rs. 0.24 Cr with Charge ID 100927522 was registered on 10 May 2024.

  • Balance Sheet

    Lagnam Spintex Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Jaipur.

  • Charges

    A charge with State Bank Of India of Rs. 156.30 Cr registered on 18 Jan 2012 with Charge ID 10335897 was modified on 23 Jan 2024.

Frequently asked questions

  • What is the Incorporation or founding date of Lagnam Spintex Limited?

    Lagnam Spintex Limited was incorporated on 11 Jun 2010.

  • What is authorized share capital and paid-up capital of Lagnam Spintex Limited?

    The authorized share capital of Lagnam Spintex Limited is ₹ 22.50 Cr and paid-up capital is ₹ 17.67 Cr.

  • Who are the current board members & directors of Lagnam Spintex Limited?

    Currently 9 directors are associated with Lagnam Spintex Limited.

    • Jagdish Chandra Laddha
    • Dwarka Prasad Mangal
    • Shubh Mangal
    • Anand Mangal
    • Dipali Mathur
    • Rajeev Parashar
    • Anil Shah
    • Devilal Bansilal Mundra
    • Vijay Singh Bapna

  • What is the registered address of Lagnam Spintex Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Lagnam Spintex Limited is A-51-53, Riico Growth Centre Hamirgarh India, Bhilwara, Rajasthan, 311001.

  • What is the corporate identification number (CIN) and company number of Lagnam Spintex Limited?

    The corporate identification number (CIN) of Lagnam Spintex Limited is L17119RJ2010PLC032089 and the company number is 032089 as per Ministry of Corporate Affairs (MCA).

  • Is Lagnam Spintex Limited registered with any stock exchange in India?

    Yes, Lagnam Spintex Limited is registered on National Stock Exchange (NSE).

  • What is the official website of Lagnam Spintex Limited?

    The Official website of Lagnam Spintex Limited is https://www.lagnamspintex.com

  • What has been the recent revenue trend for Lagnam Spintex Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Lagnam Spintex Limited has fallen by -12.63%.

  • How many employees does Lagnam Spintex Limited currently have?

    As Per 2023 financial reports, 689 employees are currently employed by Lagnam Spintex Limited.

  • What change has been observed in the net worth of Lagnam Spintex Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Lagnam Spintex Limited has experienced an upsurge of 10.46%.

  • What are the total open charges for Lagnam Spintex Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Lagnam Spintex Limited amount to ₹ 492.04 Cr.

  • When was the last Balance Sheet of Lagnam Spintex Limited filed with the ROC?

    The most recent Balance Sheet for Lagnam Spintex Limited was filed with the ROC on 31 Mar 2024.

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