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I Fab Steel
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Registered Details

I FAB STEEL PRIVATE LIMITED

Active

Updated: 21 Aug 2024

I Fab Steel Private Limited, is an unlisted private company incorporated on 06 February, 2008. It is classified as a private limited company and is located in Chennai, Tamil Nadu. It's authorized share capital is INR 5.00 lac and the total paid-up capital is INR 1.00 lac.

I Fab Steel's operating revenue range is INR 100 cr - 500 cr for the financial year ending on 31 March, 2020. It's EBITDA has increased by 150.42% over the previous year. At the same time, it's book networth has increased by 420.32%.

Industry

Trading

Products

Wholesale Trading, SALE OF M S BILLETS

Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales

164.1%

₹ 2,162.6

EBITDA

3.26%

₹ 42.5

Net Profit

9.67%

₹ 36.7

Networth

80.05%

₹ 82.5

Borrowings

-24.63%

₹ 37.6

Assets

25.42%

₹ 182.5

Gross Margin

-3.18

2.7 %

Operating Margin

-3.06

2.0 %

Net Profit Margin

-2.35

1.7 %

Return on Equity

-28.53

44.5 %

ROCE

-5.6

42.3 %

Debt to Equity

-0.63

0.5

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (3)

State	Type	Address

Locations on Map

Tofler Score

Very Good

Poor

Fair

Good

Very Good

Excellent

Risk

Severe Risk

No risks identified

Moderate Risk

LOW CASH BALANCE

Low Risk

LOW INVENTORY
NET MARGIN DETERIORATING

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

Financial Highlights

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	161.0	105.5	150.2	818.9	2,162.6
Operating profit	2.7	2.6	-8.3	41.1	42.5
Net profit	1.5	2.9	7.7	33.4	36.7
Gross margin	1.8	2.6	-4.8	5.9	2.7
Operating margin	1.7	2.4	-5.6	5.0	2.0
Net margin	0.9	2.6	4.4	4.0	1.7
Networth	1.9	4.8	12.3	45.8	82.5
Borrowings	24.7	34.5	70.8	49.9	37.6
Assets	30.5	42.9	107.4	145.5	182.5
Debt to equity	13.0	7.2	5.8	1.1	0.5
Current ratio	3.6	4.7	4.1	2.4	2.1
ROE	80.8	60.2	62.5	73.0	44.5
Days payable	4.0	4.0	56.0	23.0	11.0
WC days	50.0	117.0	197.0	38.0	16.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	-	-	-	-	-
Reserves	1.9	4.8	12.3	45.8	82.5
Borrowings +	24.7	34.5	70.8	49.9	37.6
Long term borrowings	20.1	29.0	69.1	39.9	16.5
Short term borrowings	4.6	5.5	1.6	10.0	21.1
Trade payables +	1.9	1.0	24.0	49.6	62.1
Days payable	4.0	4.0	56.0	23.0	11.0
Other liabilities +	3.9	3.7	24.4	49.8	62.4
Other non-current liabilities	-	-	-	-	-
Other current liabilities	2.1	2.6	0.4	0.2	0.4
Total liabilities	30.5	42.9	107.4	145.5	182.5
Fixed Assets +	-	-	0.3	0.4	4.9
Tangible assets	-	-	0.3	0.4	4.9
CWIP	-	-	-	-	-
Intangible assets	-	-	-	-	-
LT loans and advances	-	-	-	-	-
Other non-current assets	-	-	-	-	-1.0
Current assets +	30.5	42.9	107.1	145.2	178.6
Inventories	-	-	20.6	43.6	55.0
Trade receivables	16.9	16.0	19.9	36.5	53.1
Cash and cash equivalents	-	-	15.7	10.6	15.6
ST loans and advances	13.6	26.9	51.0	54.5	54.9
Other current assets	-	-	-	-	-
Total assets	30.5	42.9	107.4	145.5	182.5

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	0.03	0.02	0.01	0.01	0.01
Reserves	6.21	11.12	11.42	31.48	45.2
Borrowings +	80.9	80.32	65.89	34.26	20.59
Long term borrowings	65.97	67.62	64.36	27.41	9.04
Short term borrowings	14.93	12.7	1.53	6.85	11.55
Trade payables	6.12	2.37	22.3	34.09	34.0
Other liabilities +	12.86	8.53	22.68	34.25	34.21
Other non-current liabilities	0.0	0.0	0.0	0.0	0.0
Other current liabilities	6.74	6.17	0.38	0.16	0.21
Total liabilities
Fixed Assets +	0.01	0.01	0.23	0.25	2.71
Tangible assets	0.01	0.01	0.23	0.25	2.71
CWIP	0.0	0.0	0.0	0.0	0.0
Intangible assets	0.0	0.0	0.0	0.0	0.0
LT loans and advances	0.0	0.0	0.0	0.0	0.0
Other non-current assets	0.0	0.0	0.0	0.01	-0.57
Current assets +	99.99	99.99	99.76	99.74	97.86
Inventories	0.0	0.0	19.16	29.99	30.14
Trade receivables	55.29	37.35	18.56	25.07	29.08
Cash and cash equivalents	0.01	0.0	14.59	7.26	8.54
ST loans and advances	44.7	62.64	47.45	37.42	30.09
Other current assets	0.0	0.0	0.0	0.0	0.0
Total assets

Total assets

Profit & Loss

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	161.0	105.5	150.2	818.9	2,162.6
Sales growth %	88.09	-34.49	42.38	445.3	164.1
Expenses +	160.3	105.5	162.3	783.4	2,124.1
Cost of goods	158.1	102.8	157.4	770.8	2,104.7
Employee cost	-	-	-	0.9	2.1
Other costs	0.2	0.1	1.0	6.0	13.3
Operating profit +	2.7	2.6	-8.3	41.1	42.5
Operating margin %	1.7	2.4	-5.6	5.0	2.0
Other income	1.3	3.8	22.4	9.3	12.1
Interest	2.0	2.6	3.8	5.6	3.9
Depreciation	-	-	-	-	0.1
Exceptional items	-	-	-	-	-
Profit before tax	2.0	3.9	10.2	44.8	50.6
Tax	0.4	1.0	2.6	11.3	13.9
Profit - disc. ops	-	-	-	-	-
Net profit	1.5	2.9	7.7	33.4	36.7
Net margin %	0.9	2.6	4.4	4.0	1.7

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	99.19	96.48	87.04	98.87	99.44
Expenses +	98.79	96.48	94.07	94.59	97.67
Cost of goods	97.4	94.0	91.24	93.08	96.78
Employee cost	0.0	0.0	0.05	0.11	0.1
Other costs	0.13	0.12	0.6	0.72	0.61
Operating profit	1.66	2.35	-4.84	4.97	1.95
Other income	0.81	3.52	12.96	1.13	0.56
Interest	1.26	2.35	2.18	0.68	0.18
Depreciation	0.0	0.0	0.0	0.01	0.01
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	1.21	3.52	5.93	5.41	2.33
Tax	0.26	0.89	1.49	1.37	0.64
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	0.95	2.63	4.44	4.04	1.69

Revenue from operations

Ratios

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	13.0	7.2	5.8	1.1	0.5
Net Debt/Equity	13.0	7.2	4.5	0.9	0.3
Total Debt/Assets	0.8	0.8	0.7	0.3	0.2
Total Assets/Equity	16.0	9.0	8.8	3.2	2.2
Liquidity +
Current Ratio	3.6	4.7	4.1	2.4	2.1
Quick Ratio	3.6	4.7	3.3	1.7	1.5
Interest Coverage	1.3	1.0	-2.2	7.3	11.0
Performance
Gross Margin	1.8	2.6	-4.8	5.9	2.7
Operating Margin	1.7	2.4	-5.6	5.0	2.0
Net Margin	0.9	2.6	4.4	4.0	1.7
Return +
Return on Equity	80.8	60.2	62.5	73.0	44.5
Pre-tax ROCE	12.2	7.6	-10.3	47.9	42.3
Return on Assets	5.0	6.7	7.1	23.0	20.1
Pre-tax ROIC	10.1	6.6	-12.4	48.3	40.5
Efficiency +
Days Payable	4.0	4.0	56.0	23.0	11.0
Days Inventory	0.0	0.0	48.0	21.0	10.0
Days Receivable	38.0	55.0	48.0	16.0	9.0
Fixed Asset Turnover	47,522.1	45,560.9	598.3	2,222.1	437.6
Total Asset Turnover	5.3	2.5	1.4	5.6	11.8
Working Capital
Cash Conversion Cycle	34.0	51.0	40.0	14.0	8.0
Working Capital Days	50.0	117.0	197.0	38.0	16.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

ICICI Bank Limited

No. of Loans: 2

Total Amount : 46.6 cr

Charge Holder	Amount	Date of creation/modification
ICICI Bank Limited	45.0 cr	24 May, 2023
ICICI Bank Limited	1.6 cr	06 Jan, 2023

Charges

ICICI Bank Limited

People

Designation	Name	DIN/PAN	Tenure
Director	Venkataswaroop Siddavarapu Reddy Shareholder	00143738	7 years
Director	Vinay Karthik Siddhareddy	09713132	3 years
Director	Jayabalan Balamurugan	09727626	3 years

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
SREE SHYAM SAYI CORPORATION PRIVATE LIMITED	Active	20.1 Cr	1	Tamil Nadu
SPI CINEMAS PRIVATE LIMITED	Amalgamated	31.1 L	1	Delhi
SPI AVIATION SERVICES PRIVATE LIMITED	Amalgamated	1.0 L	1	Tamil Nadu
SPI POWER PRIVATE LIMITED	Amalgamated	20.0 Cr	1	Tamil Nadu
S S ENERGY LLP	Active	1.0 L	1	Nadu
SEEDTIME VENTURES LLP	Active	1.0 L	1	Tamil Nadu
IFAB CHAAT BOX LLP	Active	1.0 L	1	Tamil Nadu
SNS MOVIE PRODUCTION LLP	Active	1.0 L	1	Tamil Nadu
SPI MUSIC PRIVATE LIMITED	Active	1.1 L	1	Tamil Nadu
S P I DINERS PRIVATE LIMITED	Active	25.7 Cr	1	Tamil Nadu

Registered Details

CIN

U51100TN2008PTC066339

PAN

AABCI8623H

Incorporation

2008, 17.2 years

Company Email

finance@ifabgroup.in

Paid up Capital

₹ 1.0 L

Authorised Capital

₹ 5.0 L

AGM

Sep 2023

Type

Private

Non-government Company

FAQ - I FAB STEEL PRIVATE LIMITED

What is the incorporation date of I FAB STEEL PRIVATE LIMITED?

The incorporation date of I FAB STEEL PRIVATE LIMITED is 06 February, 2008

What is the authorized share capital of I FAB STEEL PRIVATE LIMITED?

The authorized share capital of I FAB STEEL PRIVATE LIMITED is INR ₹ 5.0 L.

What is the paid-up capital of I FAB STEEL PRIVATE LIMITED?

The paid-up capital of I FAB STEEL PRIVATE LIMITED is INR ₹ 1.0 L.

What is the registered address of I FAB STEEL PRIVATE LIMITED?

The registered address of I FAB STEEL PRIVATE LIMITED is 13/02/6, SECOND FLOOR,MAMATHA COMPLEX OLD No: 13, NEW No: 25 WHITES ROAD NA CHENNAI Chennai Tamil Nadu - 600014

What is the CIN number of I FAB STEEL PRIVATE LIMITED?

The CIN number of I FAB STEEL PRIVATE LIMITED is U51100TN2008PTC066339.

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