Welcast Steels Profile
Key Indicators
- Authorised Capital ₹ 2.00 Cr
- Paid Up Capital ₹ 6.38 M
- Company Age 52 Year, 11 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 4.50 M
- Satisfied Charges ₹ 14.12 Cr
- Revenue Growth 9.21%
- Profit Growth 637.28%
- Ebitda 347358.33%
- Net Worth 8.57%
- Total Assets 7.69%
About Welcast Steels
Welcast Steels Limited (WSL) was founded in India on 28 February 1972 and has a glorious history of 52 years and 11 months. Its registered office is in Ahmedabad, Gujarat, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 504988.
The Company is engaged in the Machinery And Equipment 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 2.00 Cr and a paid-up capital of Rs 6.38 M.
The company currently has active open charges totaling ₹4.50 M. The company has closed loans amounting to ₹14.12 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Welcast Steels Limited India are Vvrmohanarao as Ceo, Viren Thakkar as Cfo, and Satyanarayan Jetheliya as Company Secretary. Bhadresh Shah, Sanjay Majmudar, Debi Dhanuka, and Three other members serve as directors at the Company.
Company Details
- Location
Ahmedabad, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media-
Corporate Identity Details
- CIN/LLPIN
L27104GJ1972PLC085827
- Company No.
085827
- Stock Symbol
BSE : 504988
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
28 Feb 1972
- Date of AGM
12 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Listed
- ROC Code
Roc Ahmedabad
Industry
Who are the key members and board of directors at Welcast Steels?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vvrmohanarao  | CEO | 28-Jul-2014 | Current |
| Viren Thakkar | CFO | 23-May-2022 | Current |
| Satyanarayan Jetheliya | Company Secretary | 28-Jul-2014 | Current |
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Bhadresh Shah | Director | 30-Aug-2001 | Current |
| Sanjay Majmudar | Director | 23-May-2007 | Current |
| Debi Dhanuka | Director | 28-Feb-1972 | Current |
| Pradip Shah | Director | 03-May-1995 | Current |
| Ashok Nichani | Director | 02-Nov-2011 | Current |
| Khushali Solanki | Director | 15-Apr-2015 | Current |
Financial Performance of Welcast Steels.
Welcast Steels Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 9.21% increase. The company also saw a substantial improvement in profitability, with a 637.28% increase in profit. The company's net worth moved up by a moderate rise of 8.57%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Welcast Steels?
In 2023, Welcast Steels had a promoter holding of 74.85% and a public holding of 25.16%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Systems Cable And Wires Private LimitedAshok Nichani is a mutual person
Senores Pharmaceuticals LimitedSanjay Majmudar is a mutual person
M & B Engineering LimitedSanjay Majmudar is a mutual person
Ashima LimitedSanjay Majmudar is a mutual person
Aia Engineering LimitedBhadresh Shah, Sanjay Majmudar and 3 more are mutual person
Zydus Healthcare LimitedBhadresh Shah is a mutual person
Charges (Loans)
₹0.45 Cr
₹14.12 Cr
Charges Breakdown by Lending Institutions
- First National City Bank : 0.45 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Nov 1972 | First National City Bank | ₹4.50 M | Open |
| 12 Nov 2021 | Canara Bank | ₹1.27 Cr | Satisfied |
| 20 Apr 2005 | State Bank Of India | ₹3.85 Cr | Satisfied |
| 07 Aug 2001 | Canara Bank | ₹9.00 Cr | Satisfied |
How Many Employees Work at Welcast Steels?
Welcast Steels has a workforce of 136 employees as of Mar 28, 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 Welcast 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 Welcast Steels'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.
