Magna Electro Castings Limited

Manufacturer and supplier of iron castings and machined components for various industries.

1990 | Coimbatore, Tamil Nadu (India) | Active
Last Updated:

Magna Electro Castings Profile

Key Indicators

  • Authorised Capital ₹ 5.00 Cr
  • Paid Up Capital ₹ 4.23 Cr
  • Company Age 34 Year, 7 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 41.25 Cr
  • Satisfied Charges ₹ 71.84 Cr
  • Revenue Growth 22.16%
  • Profit Growth 121.53%
  • Ebitda 100.35%
  • Net Worth 20.49%
  • Total Assets 11.44%

About Magna Electro Castings

Magna Electro Castings Limited (MECL) is a leading Public Limited Indian Non-Government Company incorporated in India on 22 August 1990 and has a history of 34 years and seven months. Its registered office is in Coimbatore, Tamil Nadu, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 517449.

The Corporate was formerly known as Magna Electronics 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 4.23 Cr.

The company currently has active open charges totaling ₹41.25 Cr. The company has closed loans amounting to ₹71.84 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Magna Electro Castings Limited India are Ravi Rajagopalan as CFO and Divya Duraisamy as Company Secretary. Vijayakumar Janardhana, Krishna Narayanaswamy, Sudarsan Varadaraj, and Six other members serve as directors at the Company.

Company Details

  • Location

    Coimbatore, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L31103TZ1990PLC002836

  • Company No.

    002836

  • Stock Symbol

    BSE : 517449

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    22 Aug 1990

  • Date of AGM

    16 Aug 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Coimbatore

Industry

Manufacturing

What products or services does Magna Electro Castings Limited offer?

Magna Electro Castings Limited offers a wide range of products and services, including Ball Bearing Assemblies & Components, Bearing Parts, Sewerage and Drainage Products, Drains and Gutters, Industrial Bearings, Linear Bearings, Flywheel, Electric Motors and Components, Motor Parts, Brackets.

Who are the key members and board of directors at Magna Electro Castings?

Executive Team (3)

NameDesignationAppointment DateStatus
Krishna Narayanaswamy Country flag representing In Managing Director22-Aug-1990Current
Ravi Rajagopalan Country flag representing In CFO30-Jul-2015Current
Divya Duraisamy Company Secretary14-Nov-2023Current

Board Members (8)

NameDesignationAppointment DateStatus
Rangaswamy Narayanan Country flag representing In Director 19-Aug-2024Current
Ajeya Narayanaswamy Country flag representing Us Director 30-May-2023Current
Vijayakumar Janardhana Country flag representing In Director 22-Aug-1990Current
Sudarsan Varadaraj Country flag representing In Director 19-Aug-2024Current
Rajkumar Gopalasamy Country flag representing In Director 31-Jan-2022Current
Vijayalakshmi Narendra Country flag representing In Director 30-May-2023Current

Financial Performance of Magna Electro Castings.

Magna Electro Castings Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 22.16% increase. The company also saw a substantial improvement in profitability, with a 121.53% increase in profit. The company's net worth Soared by an impressive increase of 20.49%.

Magna Electro Castings revenue growth over time
Magna Electro Castings 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
22.16%
Revenue from Operations
21.93%
Total Assets
11.44%
Profit or Loss
121.53%
Net Worth
20.49%
EBITDA
100.35%

What is the Ownership and Shareholding Structure of Magna Electro Castings?

In 2023, Magna Electro Castings had a promoter holding of 53.38% and a public holding of 46.62%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹41.25 Cr

Satisfied Charges

₹71.84 Cr

Charges Breakdown by Lending Institutions

  • Others : 35.25 Cr
  • Axis Bank Limited : 5.00 Cr
  • Corporation Bank : 1.00 Cr

Latest Charge Details

DateLenderAmountStatus
06 Aug 2021Axis Bank Limited₹5.00 CrOpen
22 Mar 1999Corporation Bank₹1.00 CrOpen
26 Mar 1996Others₹35.25 CrOpen
19 Oct 2012Indian Bank₹3.20 CrSatisfied
19 Oct 2012Indian Bank₹15.56 CrSatisfied

How Many Employees Work at Magna Electro Castings?

Magna Electro Castings has a workforce of 197 employees as of Apr 07, 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 Magna Electro Castings Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Magna Electro Castings, 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 Magna Electro Castings'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 Magna Electro Castings

Recent activity within the organization

  • Director Appointment

    Sudarsan Varadaraj was appointed as a Director was appointed as a Director on 19 Aug 2024 & has been associated with this company since 7 months 8 days .

  • Director Appointment

    Rangaswamy Narayanan was appointed as a Director was appointed as a Director on 19 Aug 2024 & has been associated with this company since 7 months 8 days .

  • Annual General Meeting

    Magna Electro Castings Limited last Annual general meeting of members was held on 16 Aug 2024 as per latest MCA records.

  • Director Appointment

    Vidyaprakash Arjunprakash was appointed as a Director was appointed as a Director on 16 Aug 2024 & has been associated with this company since 7 months 11 days .

  • Charges

    A charge with Others of Rs. 35.25 Cr registered on 26 Mar 1996 with Charge ID 90008366 was modified on 21 May 2024.

  • Balance Sheet

    Magna Electro Castings Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Coimbatore.

Frequently asked questions

  • What is the Incorporation or founding date of Magna Electro Castings Limited?

    Magna Electro Castings Limited was incorporated on 22 Aug 1990.

  • What is authorized share capital and paid-up capital of Magna Electro Castings Limited?

    The authorized share capital of Magna Electro Castings Limited is ₹ 5.00 Cr and paid-up capital is ₹ 4.23 Cr.

  • Who are the current board members & directors of Magna Electro Castings Limited?

    Currently 11 directors are associated with Magna Electro Castings Limited.

    • Vijayakumar Naidu Janardhana
    • Krishna Samaraj Narayanaswamy
    • Sudarsan Varadaraj
    • Rajkumar Doraisamy Gopalasamy
    • Vijayalakshmi Narendra
    • Vidyaprakash Arjunprakash
    • Rangaswamy Narayanan
    • Ajeya Vel Narayanaswamy
    • Manickam Malmarugan
    • Ravi Rajagopalan
    • Divya Duraisamy

  • What is the registered address of Magna Electro Castings Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Magna Electro Castings Limited is Sf No 34 35 Mullupadi Village Thamaraikulam Post Kinathukkadavu Taluk, India, Pollachi, Tamil Nadu, 642109.

  • What is the corporate identification number (CIN) and company number of Magna Electro Castings Limited?

    The corporate identification number (CIN) of Magna Electro Castings Limited is L31103TZ1990PLC002836 and the company number is 002836 as per Ministry of Corporate Affairs (MCA).

  • Is Magna Electro Castings Limited registered with any stock exchange in India?

    Yes, Magna Electro Castings Limited is registered on Bombay Stock Exchange (BSE).

  • What is the official website of Magna Electro Castings Limited?

    The Official website of Magna Electro Castings Limited is https://www.magnacast.com

  • What has been the recent revenue trend for Magna Electro Castings Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Magna Electro Castings Limited has risen by 22.16%.

  • How many employees does Magna Electro Castings Limited currently have?

    As Per 2023 financial reports, 197 employees are currently employed by Magna Electro Castings Limited.

  • What change has been observed in the net worth of Magna Electro Castings Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Magna Electro Castings Limited has experienced an upsurge of 20.49%.

  • What are the total open charges for Magna Electro Castings Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Magna Electro Castings Limited amount to ₹ 41.25 Cr.

  • When was the last Balance Sheet of Magna Electro Castings Limited filed with the ROC?

    The most recent Balance Sheet for Magna Electro Castings Limited was filed with the ROC on 31 Mar 2024.

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