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Rimjhim Ispat Limited
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Registered Details

RIMJHIM ISPAT LIMITED

Active

Updated: 01 Nov 2024

The company manufactures and distributes steel castings including alloy, bushings, and rolling mill rolls.

Rimjhim Ispat Limited, is an unlisted public company incorporated on 14 January, 1991. It is classified as a public limited company and is located in Kanpur, Uttar Pradesh. It's authorized share capital is INR 842.00 cr and the total paid-up capital is INR 11.00 cr.

Industry

Manufacturing (Metals & Chemicals and their products)

Products

HR Coils, CR Coils, Flats, Hex, Square, Wire & Fine Wire, TMT Bars, Wire Rods, Bright Bar : Round

Key Metrics

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

Sales

8.44%

₹ 5,220.7

EBITDA

-1.05%

₹ 347.4

Net Profit

-53.51%

₹ 98.9

Networth

87.83%

₹ 1,858.0

Borrowings

109.59%

₹ 1,133.6

Assets

60.44%

₹ 3,643.8

Gross Margin

3.78

29.6 %

Operating Margin

-0.63

6.7 %

Net Profit Margin

-2.52

1.9 %

Return on Equity

-16.18

5.3 %

ROCE

-34.33

15.7 %

Debt to Equity

0.06

0.6

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (3)

State	Type	Address

Locations on Map

Tofler Score

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Risk

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No risks identified

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LOW CASH BALANCE

Low Risk

NET MARGIN DETERIORATING
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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	2,771.6	3,010.5	5,005.5	4,814.2	5,220.7
Operating profit	130.0	214.7	435.8	351.1	347.4
Net profit	59.2	125.3	274.5	212.7	98.9
Gross margin	28.0	28.0	26.3	25.9	29.6
Operating margin	4.7	7.1	8.7	7.3	6.7
Net margin	2.1	4.1	5.5	4.4	1.9
Networth	372.1	496.7	774.9	989.2	1,858.0
Borrowings	251.3	257.1	459.3	540.8	1,133.6
Assets	923.2	1,128.7	1,904.1	2,271.2	3,643.8
Debt to equity	0.7	0.5	0.6	0.6	0.6
Current ratio	1.5	1.6	1.3	1.4	1.6
ROE	15.9	25.2	35.4	21.5	5.3
Days payable	44.0	53.0	45.0	65.0	57.0
WC days	29.0	37.0	24.0	30.0	55.0

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	11.0	11.0	11.0	11.0	11.0
Reserves	361.1	485.7	763.9	978.2	1,847.0
Borrowings +	251.3	257.1	459.3	540.8	1,133.6
Long term borrowings	63.1	86.6	153.1	158.9	459.5
Short term borrowings	188.1	170.5	306.2	382.0	674.0
Trade payables +	239.8	314.8	458.6	632.6	569.3
Days payable	44.0	53.0	45.0	65.0	57.0
Other liabilities +	299.8	374.9	669.9	741.1	652.2
Other non-current liabilities	-	-	4.0	5.4	4.5
Other current liabilities	60.0	60.1	207.3	103.1	78.3
Total liabilities	923.2	1,128.7	1,904.1	2,271.2	3,643.8
Fixed Assets +	168.1	170.8	198.4	259.2	844.2
Tangible assets	148.3	123.0	108.0	254.5	793.3
CWIP	19.6	46.4	89.3	3.8	50.2
Intangible assets	0.2	1.4	1.1	1.0	0.7
LT loans and advances	26.5	90.0	176.2	269.0	65.7
Other non-current assets	17.7	16.0	231.9	235.7	623.5
Current assets +	711.0	852.0	1,297.5	1,507.3	2,110.4
Inventories	349.9	423.4	525.3	678.0	1,320.0
Trade receivables	283.6	296.8	410.7	614.4	437.8
Cash and cash equivalents	22.4	38.6	24.1	4.1	5.8
ST loans and advances	-	-	233.8	-	-
Other current assets	55.0	93.2	103.6	210.8	346.8
Total assets	923.2	1,128.7	1,904.1	2,271.2	3,643.8

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	1.19	0.97	0.58	0.48	0.3
Reserves	39.12	43.03	40.12	43.07	50.69
Borrowings +	27.22	22.78	24.12	23.81	31.11
Long term borrowings	6.84	7.67	8.04	6.99	12.61
Short term borrowings	20.38	15.1	16.08	16.82	18.5
Trade payables	25.98	27.89	24.08	27.85	15.62
Other liabilities +	32.47	33.22	35.18	32.63	17.9
Other non-current liabilities	0.0	0.0	0.21	0.24	0.12
Other current liabilities	6.5	5.33	10.88	4.54	2.15
Total liabilities
Fixed Assets +	18.2	15.13	10.42	11.41	23.17
Tangible assets	16.07	10.9	5.67	11.2	21.77
CWIP	2.12	4.11	4.69	0.17	1.38
Intangible assets	0.02	0.12	0.06	0.04	0.02
LT loans and advances	2.87	7.97	9.25	11.84	1.8
Other non-current assets	1.91	1.41	12.18	10.38	17.11
Current assets +	77.01	75.48	68.14	66.36	57.92
Inventories	37.9	37.51	27.59	29.85	36.23
Trade receivables	30.72	26.3	21.57	27.05	12.02
Cash and cash equivalents	2.43	3.42	1.27	0.18	0.16
ST loans and advances	0.0	0.0	12.28	0.0	0.0
Other current assets	5.96	8.25	5.44	9.28	9.52
Total assets

	Mar 2022	Mar 2023
Equity Capital	11.0	11.0
Reserves	787.3	974.9
Borrowings +	459.3	947.5
Long term borrowings	153.1	449.9
Short term borrowings	306.2	497.6
Trade payables +	461.7	720.1
Days payable	46.0	75.0
Other liabilities +	673.9	838.7
Other non-current liabilities	4.0	5.7
Other current liabilities	208.2	112.9
Total liabilities	1,931.4	2,772.1
Fixed Assets +	700.1	780.7
Tangible assets	589.5	738.2
CWIP	109.6	41.4
Intangible assets	1.1	1.0
LT loans and advances	69.0	69.0
Other non-current assets	58.2	64.5
Current assets +	1,104.1	1,857.9
Inventories	549.2	1,112.8
Trade receivables	408.1	416.9
Cash and cash equivalents	3.7	14.2
ST loans and advances	-	-
Other current assets	143.0	314.1
Total assets	1,931.4	2,772.1

Percentage of assets	Mar 2022	Mar 2023
Equity Capital	0.57	0.4
Reserves	40.76	35.17
Borrowings +	23.78	34.18
Long term borrowings	7.93	16.23
Short term borrowings	15.85	17.95
Trade payables	23.9	25.98
Other liabilities +	34.89	30.26
Other non-current liabilities	0.21	0.21
Other current liabilities	10.78	4.07
Total liabilities
Fixed Assets +	36.25	28.16
Tangible assets	30.52	26.63
CWIP	5.67	1.49
Intangible assets	0.06	0.04
LT loans and advances	3.57	2.49
Other non-current assets	3.01	2.33
Current assets +	57.17	67.02
Inventories	28.44	40.14
Trade receivables	21.13	15.04
Cash and cash equivalents	0.19	0.51
ST loans and advances	0.0	0.0
Other current assets	7.4	11.33
Total assets

Total assets

Profit & Loss

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	2,771.6	3,010.5	5,005.5	4,814.2	5,220.7
Sales growth %	-0.31	8.62	66.27	-3.82	8.44
Expenses +	2,710.2	2,860.3	4,639.2	4,532.1	5,092.3
Cost of goods	1,994.9	2,166.6	3,690.2	3,568.9	3,672.9
Employee cost	16.0	17.9	23.1	19.8	23.8
Other costs	630.7	611.3	856.5	874.4	1,176.5
Operating profit +	130.0	214.7	435.8	351.1	347.4
Operating margin %	4.7	7.1	8.7	7.3	6.7
Other income	17.7	19.7	12.4	3.8	7.4
Interest	38.5	33.5	37.9	42.7	128.5
Depreciation	30.0	31.1	31.6	26.3	90.5
Exceptional items	-	-	-	-	-
Profit before tax	79.1	169.9	378.7	285.9	135.8
Tax	19.9	44.6	104.2	73.2	37.0
Profit - disc. ops	-	-	-	-	-
Net profit	59.2	125.3	274.5	212.7	98.9
Net margin %	2.1	4.1	5.5	4.4	1.9

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	99.36	99.35	99.75	99.92	99.86
Expenses +	97.16	94.39	92.45	94.07	97.4
Cost of goods	71.52	71.5	73.54	74.07	70.25
Employee cost	0.57	0.59	0.46	0.41	0.46
Other costs	22.61	20.17	17.07	18.15	22.5
Operating profit	4.66	7.08	8.68	7.29	6.65
Other income	0.64	0.65	0.25	0.08	0.14
Interest	1.38	1.1	0.75	0.89	2.46
Depreciation	1.08	1.03	0.63	0.55	1.73
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	2.84	5.61	7.55	5.93	2.6
Tax	0.72	1.47	2.08	1.52	0.71
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	2.12	4.13	5.47	4.41	1.89

	Mar 2022	Mar 2023
Sales +	5,005.5	4,998.7
Sales growth %	None	-0.14
Expenses +	4,639.2	4,745.1
Cost of goods	3,690.2	3,481.5
Employee cost	23.1	47.9
Other costs	856.5	1,068.2
Operating profit +	435.8	401.1
Operating margin %	8.7	8.0
Other income	12.4	6.4
Interest	37.9	68.1
Depreciation	31.6	79.4
Exceptional items	-	-
Profit before tax	378.7	260.1
Tax	104.2	73.2
Profit - disc. ops	-	-
Net profit	274.5	186.8
Net margin %	5.5	3.7

Precentage of total income	Mar 2022	Mar 2023
Sales	99.75	99.87
Expenses +	92.45	94.8
Cost of goods	73.54	69.56
Employee cost	0.46	0.96
Other costs	17.07	21.34
Operating profit	8.68	8.01
Other income	0.25	0.13
Interest	0.75	1.36
Depreciation	0.63	1.59
Exceptional items	0.0	0.0
Profit before tax	7.55	5.2
Tax	2.08	1.46
Profit - disc. ops	0.0	0.0
Net profit	5.47	3.73

Revenue from operations

Ratios

Standalone

Consolidated

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	0.7	0.5	0.6	0.6	0.6
Net Debt/Equity	0.6	0.4	0.6	0.5	0.6
Total Debt/Assets	0.3	0.2	0.2	0.2	0.3
Total Assets/Equity	2.5	2.3	2.5	2.3	2.0
Liquidity +
Current Ratio	1.5	1.6	1.3	1.4	1.6
Quick Ratio	0.7	0.8	0.8	0.7	0.6
Interest Coverage	3.4	6.4	11.5	8.2	2.7
Performance
Gross Margin	28.0	28.0	26.3	25.9	29.6
Operating Margin	4.7	7.1	8.7	7.3	6.7
Net Margin	2.1	4.1	5.5	4.4	1.9
Return +
Return on Equity	15.9	25.2	35.4	21.5	5.3
Pre-tax ROCE	25.6	38.5	77.1	50.1	15.7
Return on Assets	6.4	11.1	14.4	9.4	2.7
Pre-tax ROIC	16.6	25.7	33.4	21.3	8.6
Efficiency +
Days Payable	44.0	53.0	45.0	65.0	57.0
Days Inventory	64.0	71.0	52.0	69.0	131.0
Days Receivable	37.0	36.0	30.0	47.0	31.0
Fixed Asset Turnover	16.5	17.6	25.2	18.6	6.2
Total Asset Turnover	3.0	2.7	2.6	2.1	1.4
Working Capital
Cash Conversion Cycle	57.0	54.0	37.0	51.0	105.0
Working Capital Days	29.0	37.0	24.0	30.0	55.0

	Mar 2022	Mar 2023
Solvency +
Total Debt/Equity	0.6	1.0
Net Debt/Equity	0.6	0.9
Total Debt/Assets	0.2	0.3
Total Assets/Equity	2.4	2.8
Liquidity +
Current Ratio	1.1	1.4
Quick Ratio	0.6	0.6
Interest Coverage	11.5	5.9
Performance
Gross Margin	26.3	30.4
Operating Margin	8.7	8.0
Net Margin	5.5	3.7
Return +
Return on Equity	34.4	18.9
Pre-tax ROCE	48.8	24.6
Return on Assets	14.2	6.7
Pre-tax ROIC	32.2	16.8
Efficiency +
Days Payable	46.0	75.0
Days Inventory	54.0	117.0
Days Receivable	30.0	30.0
Fixed Asset Turnover	7.2	6.4
Total Asset Turnover	2.6	1.8
Working Capital
Cash Conversion Cycle	38.0	72.0
Working Capital Days	9.0	39.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

Punjab National Bank

No. of Loans: 7

Total Amount : 1,207.2 cr

VISTRA ITCL (INDIA) LIMITED

No. of Loans: 1

Total Amount : 620.0 cr

Indian Bank

No. of Loans: 3

Total Amount : 325.6 cr

Axis Bank Limited

No. of Loans: 2

Total Amount : 125.0 cr

Yes Bank Limited

No. of Loans: 5

Total Amount : 10.4 cr

Tata Motors Finance Limited

No. of Loans: 3

Total Amount : 5.3 cr

HDFC Bank Limited

No. of Loans: 4

Total Amount : 2.8 cr

IndusInd Bank Limited

No. of Loans: 2

Total Amount : 2.8 cr

Charge Holder	Amount	Date of creation/modification
Punjab National Bank	121.9 cr	08 Aug, 2024
Indian Bank	325.0 cr	20 May, 2024
Axis Bank Limited	60.0 cr	05 Apr, 2024
VISTRA ITCL (INDIA) LIMITED	620.0 cr	01 Mar, 2024
Punjab National Bank	75.0 cr	20 Feb, 2024
Punjab National Bank	958.0 cr	12 Jan, 2024
Axis Bank Limited	65.0 cr	11 Jan, 2024
Yes Bank Limited	0.7 cr	21 Nov, 2023
Punjab National Bank	1.2 cr	17 Jul, 2023
Yes Bank Limited	3.2 cr	27 Apr, 2023
IndusInd Bank Limited	0.5 cr	14 Apr, 2023
Punjab National Bank	0.2 cr	02 Dec, 2022
Punjab National Bank	0.9 cr	28 Nov, 2022
Indian Bank	0.2 cr	14 Nov, 2022
Tata Motors Finance Limited	2.4 cr	20 Oct, 2022
Tata Motors Finance Limited	0.5 cr	20 Oct, 2022
Tata Motors Finance Limited	2.4 cr	20 Oct, 2022
Yes Bank Limited	0.8 cr	23 Sep, 2022
Indian Bank	0.4 cr	16 Jul, 2022
Yes Bank Limited	0.8 cr	29 Jun, 2022
Punjab National Bank	50.0 cr	27 Dec, 2021
IndusInd Bank Limited	2.3 cr	16 Jul, 2021
HDFC Bank Limited	0.3 cr	09 Jun, 2021
HDFC Bank Limited	0.4 cr	17 May, 2021
HDFC Bank Limited	1.4 cr	15 May, 2021
Yes Bank Limited	5.0 cr	05 Mar, 2021
HDFC Bank Limited	0.7 cr	08 Feb, 2021

Charges

Punjab National Bank

VISTRA ITCL (INDIA) LIMITED

Indian Bank

Axis Bank Limited

Others

People

Designation	Name	DIN/PAN	Tenure
Managing Director	Yogesh Agarwal Shareholder	01023574	14 years
Kmp	Sanjeev Kumar Agarwal	<HIDDEN>	10 years
Whole-time Director	Sanjeev Kumar Agarwal Shareholder	01026156	9 years
Director	Rajiv Kumar Goel Shareholder	01684484	20 years
Director	Maneesh Mittal	05138884	10 years
Director	Mani	07137509	10 years
Kmp	Subrat Mohan Gupta	<HIDDEN>	2 years

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
RIMJHIM STAINLESS LIMITED	Active	12.0 Cr	3	Uttar Pradesh
BADRINATH METALS PRIVATE LIMITED	Active	2.0 L	1	Uttar Pradesh
NOVEL SUGAR LIMITED	Active	16.9 Cr	1	Uttar Pradesh
JUHI ALLOYS PRIVATE LIMITED	Active	9.2 Cr	2	Uttar Pradesh
RIMJHIM METAL WORKS LIMITED	Active	10.0 L	3	Delhi
BRG IRON & STEEL CO. PRIVATE LIMITED	Amalgamated	200.0 Cr	2	Uttar Pradesh
NOVEL SUGAR LIMITED	Active	16.9 Cr	1	Uttar Pradesh
J.M.B.COMMERICIAL AND CREDIT LIMITED	Active	10.0 Cr	1	Uttar Pradesh

Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
BRG IRON & STEEL CO. PRIVATE LIMITED	Uttar Pradesh	2002	₹ 200.0 Cr

Registered Details

CIN

U27101UP1991PLC012679

PAN

AAACR6582K

Incorporation

1991, 34.3 years

Company Email

cs@rimjhimispat.com

Paid up Capital

₹ 11.0 Cr

Authorised Capital

₹ 842.0 Cr

AGM

Sep 2023

Type

Public

Non-government Company

FAQ - RIMJHIM ISPAT LIMITED

What is the incorporation date of RIMJHIM ISPAT LIMITED?

The incorporation date of RIMJHIM ISPAT LIMITED is 14 January, 1991

What is the authorized share capital of RIMJHIM ISPAT LIMITED?

The authorized share capital of RIMJHIM ISPAT LIMITED is INR ₹ 842.0 Cr.

What is the paid-up capital of RIMJHIM ISPAT LIMITED?

The paid-up capital of RIMJHIM ISPAT LIMITED is INR ₹ 11.0 Cr.

What is the registered address of RIMJHIM ISPAT LIMITED?

The registered address of RIMJHIM ISPAT LIMITED is 3A/275, AZAD NAGAR, NA KANPUR Kanpur Uttar Pradesh - 208002

What is the CIN number of RIMJHIM ISPAT LIMITED?

The CIN number of RIMJHIM ISPAT LIMITED is U27101UP1991PLC012679.

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