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Mahadhan Agritech Limited
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Registered Details

MAHADHAN AGRITECH LIMITED

www.dfpcl.com

Active

Updated: 21 Oct 2024

Mahadhan Agritech Limited, is an unlisted public company incorporated on 21 January, 1987. It is classified as a public limited company and is located in Pune, Maharashtra. It's authorized share capital is INR 35.50 cr and the total paid-up capital is INR 17.05 cr.

Mahadhan Agritech Limited's operating revenue range is Over INR 500 cr for the financial year ending on 31 March, 2022. It's EBITDA has increased by 82.66% over the previous year. At the same time, it's book networth has increased by 15.62%.

Industry

Finance

Products

Weak Nitric Acid, Industrial Nitric Acid, Vertex Supreme, Vertex Norma., Nitric Acid Tracepura, Ammonium Nitrate, Nitric Acid For Fertilizers, Ammonium Nitrate Vertex Supreme, Vertex Super, Nitric Acid

Key Metrics

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

Sales

-19.46%

₹ 4,159.6

EBITDA

-88.76%

₹ 46.0

Net Profit

-72.67%

₹ 238.4

Networth

6.54%

₹ 4,430.4

Borrowings

52.26%

₹ 1,764.6

Assets

7.68%

₹ 9,538.1

Gross Margin

-3.54

16.6 %

Operating Margin

-6.82

1.1 %

Net Profit Margin

-9.53

5.2 %

Return on Equity

-15.6

5.4 %

ROCE

-13.25

-2.4 %

Debt to Equity

0.12

0.4

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (119)

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Tofler Score

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Good

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Risk

Severe Risk

VERY LOW INTEREST COVERAGE

Moderate Risk

RECEIVABLES DETERIORATING
LOW ROCE
CASH DETERIORATING
REVENUE BELOW AVERAGE

Low Risk

GROSS MARGINS DETERIORATING
EBITDA MARGINS DETERIORATING
NET MARGIN DETERIORATING
REVENUE DECLINE

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	3,150.7	3,908.2	5,544.8	5,164.6	4,159.6
Operating profit	340.4	534.8	976.9	409.3	46.0
Net profit	9.4	200.4	444.0	872.5	238.4
Gross margin	31.2	31.8	34.1	20.2	16.6
Operating margin	10.8	13.7	17.6	7.9	1.1
Net margin	0.3	5.1	8.0	14.7	5.2
Networth	2,632.6	2,839.9	3,283.6	4,158.3	4,430.4
Borrowings	1,155.9	1,182.8	1,830.9	1,159.0	1,764.6
Assets	5,336.3	5,507.4	6,636.2	8,857.8	9,538.1
Debt to equity	0.4	0.4	0.6	0.3	0.4
Current ratio	0.9	1.2	1.4	1.9	1.2
ROE	0.4	7.1	13.5	21.0	5.4
Days payable	188.0	149.0	110.0	98.0	101.0
WC days	-20.0	24.0	36.0	102.0	33.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	17.1	17.1	17.1	17.1	17.1
Reserves	2,615.5	2,822.8	3,266.5	4,141.3	4,413.4
Borrowings +	1,155.9	1,182.8	1,830.9	1,159.0	1,764.6
Long term borrowings	610.6	1,057.8	1,682.4	931.6	978.3
Short term borrowings	545.2	125.0	148.6	227.4	786.3
Trade payables +	1,119.1	1,085.5	1,100.1	1,104.0	957.4
Days payable	188.0	149.0	110.0	98.0	101.0
Other liabilities +	1,547.8	1,484.7	1,521.8	3,540.5	3,343.1
Other non-current liabilities	201.6	164.5	158.7	2,244.3	2,084.2
Other current liabilities	227.1	234.7	263.0	192.2	301.5
Total liabilities	5,336.3	5,507.4	6,636.2	8,857.8	9,538.1
Fixed Assets +	3,109.8	3,050.6	3,120.9	1,357.2	1,393.7
Tangible assets	1,287.5	1,199.4	1,187.6	810.1	827.8
CWIP	340.7	418.6	549.0	23.6	52.4
Intangible assets	1,481.6	1,432.6	1,384.3	523.5	513.5
LT loans and advances	-	6.2	-	-	-
Other non-current assets	509.8	744.5	1,450.2	4,526.7	5,720.5
Current assets +	1,716.7	1,706.2	2,065.1	2,973.8	2,423.9
Inventories	562.9	465.1	886.4	872.3	867.4
Trade receivables	1,006.7	707.0	461.4	1,112.3	931.4
Cash and cash equivalents	38.6	75.0	68.5	190.3	182.4
ST loans and advances	4.6	4.1	1.7	1.6	1.5
Other current assets	103.9	455.0	647.2	797.4	441.2
Total assets	5,336.3	5,507.4	6,636.2	8,857.8	9,538.1

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	0.32	0.31	0.26	0.19	0.18
Reserves	49.01	51.25	49.22	46.75	46.27
Borrowings +	21.66	21.48	27.59	13.08	18.5
Long term borrowings	11.44	19.21	25.35	10.52	10.26
Short term borrowings	10.22	2.27	2.24	2.57	8.24
Trade payables	20.97	19.71	16.58	12.46	10.04
Other liabilities +	29.01	26.96	22.93	39.97	35.05
Other non-current liabilities	3.78	2.99	2.39	25.34	21.85
Other current liabilities	4.26	4.26	3.96	2.17	3.16
Total liabilities
Fixed Assets +	58.28	55.39	47.03	15.32	14.61
Tangible assets	24.13	21.78	17.9	9.15	8.68
CWIP	6.38	7.6	8.27	0.27	0.55
Intangible assets	27.76	26.01	20.86	5.91	5.38
LT loans and advances	0.0	0.11	0.0	0.0	0.0
Other non-current assets	9.55	13.52	21.85	51.1	59.98
Current assets +	32.17	30.98	31.12	33.57	25.41
Inventories	10.55	8.44	13.36	9.85	9.09
Trade receivables	18.86	12.84	6.95	12.56	9.76
Cash and cash equivalents	0.72	1.36	1.03	2.15	1.91
ST loans and advances	0.09	0.07	0.03	0.02	0.02
Other current assets	1.95	8.26	9.75	9.0	4.63
Total assets

	Mar 2015	Mar 2016	Mar 2017
Equity Capital	1.0	1.0	1.0
Reserves	38.1	33.1	38.1
Borrowings +	23.8	54.9	59.2
Long term borrowings	-	19.2	26.1
Short term borrowings	23.8	35.7	33.1
Trade payables +	9.7	5.8	15.6
Days payable	60.0	52.0	106.0
Other liabilities +	15.8	14.2	26.3
Other non-current liabilities	2.7	2.6	2.3
Other current liabilities	3.3	5.8	8.4
Total liabilities	78.6	103.1	124.5
Fixed Assets +	29.6	55.9	58.5
Tangible assets	18.5	39.3	42.9
CWIP	11.0	1.1	0.7
Intangible assets	-	15.4	14.9
LT loans and advances	4.3	-	-
Other non-current assets	0.6	2.1	5.3
Current assets +	44.2	45.2	60.7
Inventories	5.6	7.9	10.6
Trade receivables	14.8	13.8	16.6
Cash and cash equivalents	18.8	18.0	12.1
ST loans and advances	4.9	-	-
Other current assets	0.1	5.5	21.3
Total assets	78.6	103.1	124.5

Percentage of assets	Mar 2015	Mar 2016	Mar 2017
Equity Capital	1.27	0.97	0.8
Reserves	48.41	32.12	30.57
Borrowings +	30.27	53.18	47.52
Long term borrowings	0.0	18.61	20.93
Short term borrowings	30.27	34.58	26.59
Trade payables	12.32	5.63	12.51
Other liabilities +	20.05	13.73	21.11
Other non-current liabilities	3.49	2.51	1.81
Other current liabilities	4.25	5.6	6.78
Total liabilities
Fixed Assets +	37.63	54.16	47.02
Tangible assets	23.56	38.15	34.48
CWIP	14.01	1.11	0.53
Intangible assets	0.06	14.9	12.01
LT loans and advances	5.47	0.0	0.0
Other non-current assets	0.71	2.05	4.22
Current assets +	56.18	43.79	48.76
Inventories	7.14	7.62	8.52
Trade receivables	18.76	13.38	13.37
Cash and cash equivalents	23.93	17.43	9.74
ST loans and advances	6.2	0.03	0.03
Other current assets	0.15	5.33	17.1
Total assets

Total assets

Profit & Loss

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	3,150.7	3,908.2	5,544.8	5,164.6	4,159.6
Sales growth %	-16.19	24.04	41.87	-6.86	-19.46
Expenses +	3,149.8	3,671.8	4,900.0	5,028.9	4,461.2
Cost of goods	2,168.2	2,663.8	3,651.2	4,122.7	3,467.9
Employee cost	189.8	212.2	324.8	160.9	167.3
Other costs	452.3	497.4	592.0	471.7	478.3
Operating profit +	340.4	534.8	976.9	409.3	46.0
Operating margin %	10.8	13.7	17.6	7.9	1.1
Other income	13.9	8.2	32.0	39.2	43.1
Interest	158.6	124.2	144.8	169.7	259.6
Depreciation	181.0	174.2	187.3	103.9	88.0
Exceptional items	-	-	-	-	-
Profit before tax	14.8	244.6	676.7	174.9	-258.6
Tax	5.4	44.2	232.7	39.2	-78.1
Profit - disc. ops	-	-	-	736.9	418.9
Net profit	9.4	200.4	444.0	872.5	238.4
Net margin %	0.3	5.1	8.0	14.7	5.2

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	99.56	99.79	99.43	99.25	98.98
Expenses +	99.53	93.75	87.87	96.64	106.15
Cost of goods	68.51	68.02	65.47	79.22	82.52
Employee cost	6.0	5.42	5.82	3.09	3.98
Other costs	14.29	12.7	10.62	9.06	11.38
Operating profit	10.76	13.66	17.52	7.87	1.09
Other income	0.44	0.21	0.57	0.75	1.02
Interest	5.01	3.17	2.6	3.26	6.18
Depreciation	5.72	4.45	3.36	2.0	2.09
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	0.47	6.25	12.13	3.36	-6.15
Tax	0.17	1.13	4.17	0.75	-1.86
Profit - disc. ops	0.0	0.0	0.0	14.16	9.97
Net profit	0.3	5.12	7.96	16.77	5.67

	Mar 2015	Mar 2016	Mar 2017
Sales +	86.2	72.3	126.3
Sales growth %	None	-16.17	74.82
Expenses +	90.0	82.5	119.5
Cost of goods	58.5	40.9	53.7
Employee cost	9.4	13.4	24.2
Other costs	19.7	20.7	31.6
Operating profit +	-1.4	-2.7	16.8
Operating margin %	-1.6	-3.8	13.3
Other income	0.5	1.0	0.7
Interest	0.7	3.3	3.8
Depreciation	1.7	4.2	6.2
Exceptional items	-	-	-
Profit before tax	-3.3	-9.2	7.5
Tax	1.2	-0.1	1.2
Profit - disc. ops	-	-	-
Net profit	-3.1	-8.4	5.9
Net margin %	-3.5	-11.5	4.7

Precentage of total income	Mar 2015	Mar 2016	Mar 2017
Sales	99.37	98.6	99.45
Expenses +	103.77	112.53	94.11
Cost of goods	67.45	55.78	42.27
Employee cost	10.82	18.28	19.08
Other costs	22.71	28.29	24.9
Operating profit	-1.62	-3.75	13.21
Other income	0.63	1.4	0.55
Interest	0.82	4.51	2.98
Depreciation	1.97	5.67	4.89
Exceptional items	0.0	0.0	0.0
Profit before tax	-3.77	-12.53	5.89
Tax	1.36	-0.19	0.98
Profit - disc. ops	0.0	0.0	0.0
Net profit	-3.52	-11.5	4.66

Revenue from operations

Ratios

Standalone

Consolidated

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	0.4	0.4	0.6	0.3	0.4
Net Debt/Equity	0.4	0.4	0.5	0.2	0.4
Total Debt/Assets	0.2	0.2	0.3	0.1	0.2
Total Assets/Equity	2.0	1.9	2.0	2.1	2.1
Liquidity +
Current Ratio	0.9	1.2	1.4	1.9	1.2
Quick Ratio	0.6	0.9	0.8	1.4	0.8
Interest Coverage	2.1	4.3	6.7	2.4	0.2
Performance
Gross Margin	31.2	31.8	34.1	20.2	16.6
Operating Margin	10.8	13.7	17.6	7.9	1.1
Net Margin	0.3	5.1	8.0	14.7	5.2
Return +
Return on Equity	0.4	7.1	13.5	21.0	5.4
Pre-tax ROCE	5.4	10.9	21.5	10.9	-2.4
Return on Assets	0.2	3.6	6.7	9.8	2.5
Pre-tax ROIC	4.2	9.1	15.7	6.0	-0.7
Efficiency +
Days Payable	188.0	149.0	110.0	98.0	101.0
Days Inventory	95.0	64.0	89.0	77.0	91.0
Days Receivable	117.0	66.0	30.0	79.0	82.0
Fixed Asset Turnover	1.0	1.3	1.8	3.8	3.0
Total Asset Turnover	0.6	0.7	0.8	0.6	0.4
Working Capital
Cash Conversion Cycle	24.0	-19.0	9.0	58.0	72.0
Working Capital Days	-20.0	24.0	36.0	102.0	33.0

	Mar 2015	Mar 2016	Mar 2017
Solvency +
Total Debt/Equity	0.6	1.6	1.5
Net Debt/Equity	0.1	1.1	1.2
Total Debt/Assets	0.3	0.5	0.5
Total Assets/Equity	2.0	3.0	3.2
Liquidity +
Current Ratio	1.2	1.0	1.1
Quick Ratio	1.1	0.8	0.9
Interest Coverage	-2.0	-0.8	4.4
Performance
Gross Margin	32.1	43.4	57.5
Operating Margin	-1.6	-3.8	13.3
Net Margin	-3.5	-11.5	4.7
Return +
Return on Equity	-7.8	-24.7	15.2
Pre-tax ROCE	-8.4	-12.8	17.0
Return on Assets	-3.9	-8.2	4.8
Pre-tax ROIC	-7.1	-9.7	12.3
Efficiency +
Days Payable	60.0	52.0	106.0
Days Inventory	35.0	70.0	72.0
Days Receivable	62.0	70.0	48.0
Fixed Asset Turnover	2.9	1.3	2.2
Total Asset Turnover	1.1	0.7	1.0
Working Capital
Cash Conversion Cycle	37.0	88.0	14.0
Working Capital Days	31.0	-10.0	10.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

SBICap Trustee Company Limited

No. of Loans: 2

Total Amount : 4,327.0 cr

Catalyst Trusteeship Limited

No. of Loans: 1

Total Amount : 2,500.0 cr

Axis Trustee Services Limited

No. of Loans: 1

Total Amount : 1,540.9 cr

Export-Import Bank of India

No. of Loans: 2

Total Amount : 420.0 cr

Bank of Baroda

No. of Loans: 1

Total Amount : 400.0 cr

Charge Holder	Amount	Date of creation/modification
SBICap Trustee Company Limited	127.0 cr	09 Sep, 2024
Catalyst Trusteeship Limited	2,500.0 cr	06 Nov, 2023
SBICap Trustee Company Limited	4,200.0 cr	15 Jun, 2023
Export-Import Bank of India	120.0 cr	15 Mar, 2023
Export-Import Bank of India	300.0 cr	24 Feb, 2023
Axis Trustee Services Limited	1,540.9 cr	27 Jan, 2023
Bank of Baroda	400.0 cr	28 Mar, 2022

Charges

SBICap Trustee Company Limited

Catalyst Trusteeship Limited

Axis Trustee Services Limited

Export-Import Bank of India

Others

People

Designation	Name	DIN/PAN	Tenure
Director	Tapan Kumar Chatterjee	00118123	25 years
Managing Director	Sailesh Chimanlal Mehta Shareholder	00128204	25 years
Director	Parul Sailesh Mehta Shareholder	00196410	8 years
Director	Partha Sarathi Bhattacharyya	00329479	6 years
Additional Director	Alok Perti	00475747	3 years
Director	Bhuwan Chandra Tripathi	01657366	2 years
Director	Madhumilan Parshuram Shinde	06533004	12 years
Whole-time Director	Yeshil Sailesh Mehta	07866312	8 years
Kmp	Gaurav Umakant Munoli	<HIDDEN>	1 years
Kmp	Gaurav Goel	<HIDDEN>	1 years

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Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
Platinum Blasting Services Pty Ltd.	Australia	-	-
Australian Mining Explosives Pty Ltd	Australia	-	-

Registered Details

CIN

U67120PN1987PLC166034

PAN

AACCA5046P

Incorporation

1987, 38.2 years

Company Email

pankaj.gupta@dfpcl.com

Paid up Capital

₹ 17.1 Cr

Authorised Capital

₹ 35.5 Cr

AGM

Aug 2023

Type

Public

Non-government Company

FAQ - MAHADHAN AGRITECH LIMITED

What is the incorporation date of MAHADHAN AGRITECH LIMITED?

The incorporation date of MAHADHAN AGRITECH LIMITED is 21 January, 1987

What is the authorized share capital of MAHADHAN AGRITECH LIMITED?

The authorized share capital of MAHADHAN AGRITECH LIMITED is INR ₹ 35.5 Cr.

What is the paid-up capital of MAHADHAN AGRITECH LIMITED?

The paid-up capital of MAHADHAN AGRITECH LIMITED is INR ₹ 17.1 Cr.

What is the registered address of MAHADHAN AGRITECH LIMITED?

The registered address of MAHADHAN AGRITECH LIMITED is SAI HIRA, SURVEY NO.93, MUNDHWA, NA Pune Pune Maharashtra - 411036

What is the CIN number of MAHADHAN AGRITECH LIMITED?

The CIN number of MAHADHAN AGRITECH LIMITED is U67120PN1987PLC166034.

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