Indian Company Master Data Made Simple
Sudal Industries Limited
Since 1979, Sudal Industries Limited has maintained a presence in the industry for 47 years. The company’s Corporate Identification Number is L21541MH1979PLC021541; registration no. 21541. It belongs to the classification of company limited by shares as per MCA records. The declared authorized capital is ₹8.50 crore. Sudal Industries Limited’s paid-up capital stands at ₹8.37 crore.
Its core business comprises manufacture of paper and paper products. It is incorporated within the Mumbai registry. It is incorporated at A 5 M I D Cambad Industrial Estate Mumbai Nashik Highway, Nashik, Maharashtra, India, 422010. Sudal Industries Limited remains active and operational. Sudal Industries Limited holds PAN AAACS0705K. For inquiries or official matters, please email mvashar@sudal.co.in. The senior leadership includes Mukesh Vijayshi Ashar (CFO) and Acharya Debasis (CEO).
Company Overview
- CIN
- Date of Incorporation
- 08/08/1979
- Company Status
- Active
- RoC
- Mumbai
- Registration Number
- Balance sheet date
- 31/03/2023
- Company Category
- Company limited by shares
- Company Sub Category
- Non-government company
- Listed in Stock Exchange
- Yes
- Class of Company
- Public Limited Company
- LEI Number
- Authorized Capital
- ₹8,50,00,000.00
- Paid up Capital
- ₹8,36,78,180.00
- Activity
- Manufacture Of Paper And Paper Products
- mvashar@sudal.co.in
- PAN
GST Numbers
| State | GST Number | Status |
|---|---|---|
| Gujarat | 24AAACS0705K1ZP | Inactive |
| Maharashtra | 27AAACS0705K1ZJ | Active |
| 27AAACS0705K1DS | Active |
ISIN Numbers
| ISIN | Security | Interest Rate | Maturity Date | FISN | CFI |
|---|---|---|---|---|---|
| IN8618D01014 | SUDAL INDUSTRIES LIMITED EQ LISTING/TRADING APPROVAL AWAITED | - | 12/10/2026 | SUDAL IND/SH VTG | ESVUFN |
| INE618D01015 | SUDAL INDUSTRIES LIMITED EQ | - | 12/10/2026 | SUDAL IND/SH VTG | ESVUFN |
Balance Sheet
| Metric | 31/03/2026 | 31/03/2025 | 31/03/2024 | 31/03/2023 | 31/03/2022 |
|---|---|---|---|---|---|
| Net PPE | ₹3,091.14L | ₹3,564.66L | ₹3,499.48L | ₹3,275.19L | ₹0.00L |
| Net Debt | ₹1,530.65L | ₹1,983.92L | ₹2,315.64L | ₹14,980.47L | ₹0.00L |
| Gross PPE | ₹4,100.51L | ₹4,535.07L | ₹4,328.22L | ₹3,955.97L | ₹0.00L |
| Inventory | ₹1,205.96L | ₹1,147.06L | ₹761.14L | ₹1,032.33L | ₹0.00L |
| Total Debt | ₹1,603.53L | ₹2,144.66L | ₹2,460.92L | ₹15,139.65L | ₹0.00L |
| Common Stock | ₹836.78L | ₹836.78L | ₹836.78L | ₹736.78L | ₹0.00L |
| Current Debt | ₹648.69L | ₹740.75L | ₹568.92L | ₹15,139.65L | ₹0.00L |
| Share Issued | ₹83.68L | ₹83.68L | ₹83.68L | ₹73.68L | ₹0.00L |
| Total Assets | ₹6,349.66L | ₹6,408.56L | ₹5,621.08L | ₹6,149.29L | ₹0.00L |
| Capital Stock | ₹836.78L | ₹836.78L | ₹836.78L | ₹736.78L | ₹0.00L |
| Long Term Debt | ₹954.84L | ₹1,403.91L | ₹1,892.00L | ₹0.00L | ₹0.00L |
| Current Assets | ₹2,971.96L | ₹2,564.66L | ₹1,945.26L | ₹2,353.32L | ₹0.00L |
| Prepaid Assets | ₹144.27L | ₹66.00L | ₹89.13L | ₹70.78L | ₹0.00L |
| Working Capital | ₹405.43L | ₹236.91L | ₹273.79L | -₹13,952.70L | ₹0.00L |
| Invested Capital | ₹3,986.95L | ₹4,631.37L | ₹4,386.65L | ₹4,846.73L | ₹0.00L |
| Retained Earnings | ₹485.96L | ₹576.55L | ₹6.77L | -₹12,110.89L | ₹0.00L |
| Common Stock Equity | ₹2,383.42L | ₹2,486.71L | ₹1,925.73L | -₹10,292.92L | ₹0.00L |
| Net Tangible Assets | ₹2,354.14L | ₹2,433.33L | ₹1,869.96L | -₹10,324.00L | ₹0.00L |
| Tangible Book Value | ₹2,354.14L | ₹2,433.33L | ₹1,869.96L | -₹10,324.00L | ₹0.00L |
| Current Liabilities | ₹2,566.53L | ₹2,327.75L | ₹1,671.47L | ₹16,306.02L | ₹0.00L |
| Long Term Provisions | ₹181.99L | ₹157.67L | ₹131.88L | ₹136.20L | ₹0.00L |
| Stockholders Equity | ₹2,383.42L | ₹2,486.71L | ₹1,925.73L | -₹10,292.92L | ₹0.00L |
| Other Equity Interest | -₹0.06L | -₹0.01L | -₹0.01L | -₹0.01L | ₹0.00L |
| Total Capitalization | ₹3,338.26L | ₹3,890.62L | ₹3,817.73L | -₹10,292.92L | ₹0.00L |
| Ordinary Shares Number | ₹83.68L | ₹83.68L | ₹83.68L | ₹73.68L | ₹0.00L |
| Other Intangible Assets | ₹29.28L | ₹53.38L | ₹55.77L | ₹31.08L | ₹0.00L |
| Other Non Current Assets | ₹318.85L | ₹225.78L | ₹0.01L | -₹0.01L | ₹0.00L |
| Total Non Current Assets | ₹3,378.27L | ₹3,843.90L | ₹3,675.82L | ₹3,795.97L | ₹0.00L |
| Cash And Cash Equivalents | ₹72.88L | ₹160.74L | ₹145.28L | ₹159.18L | ₹0.00L |
| Construction In Progress | ₹61.00L | ₹0.00L | ₹153.66L | ₹50.16L | ₹0.00L |
| Accumulated Depreciation | -₹1,009.37L | -₹970.41L | -₹828.74L | -₹680.78L | ₹0.00L |
| Additional Paid In Capital | ₹325.00L | ₹325.00L | ₹325.00L | ₹325.00L | ₹0.00L |
| Other Short Term Investments | ₹76.45L | ₹70.77L | ₹61.27L | ₹54.23L | ₹0.00L |
| Machinery Furniture Equipment | ₹2,906.60L | ₹3,402.16L | ₹3,059.52L | ₹2,875.88L | ₹0.00L |
| Goodwill And Other Intangible Assets | ₹29.28L | ₹53.38L | ₹55.77L | ₹31.08L | ₹0.00L |
| Total Equity Gross Minority Interest | ₹2,383.42L | ₹2,486.71L | ₹1,925.73L | -₹10,292.92L | ₹0.00L |
| Total Liabilities Net Minority Interest | ₹3,966.24L | ₹3,921.85L | ₹3,695.35L | ₹16,442.21L | ₹0.00L |
| Current Debt And Capital Lease Obligation | ₹648.69L | ₹740.75L | ₹568.92L | ₹15,139.65L | ₹0.00L |
| Long Term Debt And Capital Lease Obligation | ₹954.84L | ₹1,403.91L | ₹1,892.00L | ₹0.00L | ₹0.00L |
| Cash Cash Equivalents And Short Term Investments | ₹72.88L | ₹160.74L | ₹145.28L | ₹159.18L | ₹0.00L |
| Total Non Current Liabilities Net Minority Interest | ₹1,399.71L | ₹1,594.10L | ₹2,023.88L | ₹136.19L | ₹0.00L |
Cash Flow
| Metric | 31/03/2026 | 31/03/2025 | 31/03/2024 | 31/03/2023 | 31/03/2022 |
|---|---|---|---|---|---|
| Free Cash Flow | ₹658.63L | ₹653.87L | ₹588.81L | -₹35.76L | ₹0.00L |
| Changes In Cash | -₹87.86L | ₹15.47L | -₹13.90L | -₹50.66L | ₹0.00L |
| End Cash Position | ₹72.88L | ₹160.74L | ₹145.28L | ₹159.18L | ₹0.00L |
| Financing Cash Flow | -₹750.09L | -₹648.11L | -₹605.75L | -₹42.22L | ₹0.00L |
| Investing Cash Flow | -₹181.15L | -₹295.28L | -₹462.64L | -₹431.77L | ₹0.00L |
| Operating Cash Flow | ₹843.38L | ₹958.86L | ₹1,054.49L | ₹423.33L | ₹0.00L |
| Capital Expenditure | -₹184.75L | -₹304.99L | -₹465.68L | -₹459.09L | ₹0.00L |
| Beginning Cash Position | ₹160.74L | ₹145.28L | ₹159.18L | ₹209.84L | ₹0.00L |
Income Statement
| Metric | 31/03/2026 | 31/03/2025 | 31/03/2024 | 31/03/2023 |
|---|---|---|---|---|
| EBIT | ₹629.64L | ₹1,064.59L | ₹13,086.92L | -₹971.61L |
| EBITDA | ₹1,211.91L | ₹1,270.14L | ₹13,266.33L | -₹732.37L |
| Basic EPS | -₹0.00L | ₹0.00L | ₹0.00L | -₹0.00L |
| Net Income | -₹90.59L | ₹569.78L | ₹12,117.66L | -₹3,337.82L |
| Diluted EPS | -₹0.00L | ₹0.00L | ₹0.00L | -₹0.00L |
| Gross Profit | ₹3,129.84L | ₹3,227.90L | ₹2,799.60L | ₹2,473.98L |
| Pretax Income | ₹407.69L | ₹767.93L | ₹12,181.57L | -₹3,337.82L |
| Tax Provision | ₹498.28L | ₹198.15L | ₹63.92L | ₹0.00L |
| Total Revenue | ₹17,662.08L | ₹15,103.54L | ₹14,110.25L | ₹15,599.22L |
| Cost Of Revenue | ₹14,532.24L | ₹11,875.64L | ₹11,310.65L | ₹13,125.24L |
| Total Expenses | ₹17,044.04L | ₹13,764.54L | ₹13,514.86L | ₹15,301.17L |
| Interest Income | ₹9.92L | ₹8.55L | ₹7.52L | ₹2.97L |
| Interest Expense | ₹221.95L | ₹296.66L | ₹905.35L | ₹2,366.21L |
| Operating Income | ₹618.04L | ₹1,339.00L | ₹595.39L | ₹298.05L |
| Tax Rate For Calcs | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Normalized EBITDA | ₹1,240.51L | ₹1,566.58L | ₹773.10L | ₹595.35L |
| Normalized Income | -₹73.43L | ₹789.73L | -₹310.01L | -₹2,010.10L |
| Operating Expense | ₹2,511.80L | ₹1,888.90L | ₹2,204.21L | ₹2,175.93L |
| Operating Revenue | ₹17,662.08L | ₹15,103.54L | ₹14,110.25L | ₹15,599.22L |
| Net Interest Income | -₹220.75L | -₹300.16L | -₹908.05L | -₹2,379.99L |
| Total Unusual Items | -₹28.60L | -₹296.44L | ₹12,493.23L | -₹1,327.72L |
| Basic Average Shares | ₹83.68L | ₹83.68L | ₹79.72L | ₹73.68L |
| Diluted Average Shares | ₹83.68L | ₹83.68L | ₹79.72L | ₹73.68L |
| Total Other Finance Cost | ₹8.72L | ₹12.05L | ₹10.22L | ₹16.75L |
| Other Operating Expenses | ₹1,624.94L | ₹1,237.88L | ₹1,505.30L | ₹1,594.32L |
| Reconciled Depreciation | ₹582.27L | ₹205.55L | ₹179.41L | ₹239.24L |
| Reconciled Cost Of Revenue | ₹14,532.24L | ₹11,875.64L | ₹11,310.65L | ₹13,125.24L |
| Rent Expense Supplemental | ₹36.42L | ₹35.31L | ₹35.13L | ₹34.92L |
| Tax Effect Of Unusual Items | -₹11.44L | -₹76.49L | ₹65.56L | ₹0.00L |
| Interest Income Non Operating | ₹9.92L | ₹8.55L | ₹7.52L | ₹2.97L |
| Selling And Marketing Expense | ₹61.54L | ₹49.88L | ₹51.29L | ₹59.99L |
| Interest Expense Non Operating | ₹221.95L | ₹296.66L | ₹905.35L | ₹2,366.21L |
| Net Income Common Stockholders | -₹90.59L | ₹569.78L | ₹12,117.66L | -₹3,337.82L |
| Net Income Continuous Operations | -₹90.59L | ₹569.78L | ₹12,117.65L | -₹3,337.82L |
| Diluted NIAvailto Com Stockholders | -₹90.59L | ₹569.78L | ₹12,117.66L | -₹3,337.82L |
| General And Administrative Expense | ₹124.29L | ₹160.53L | ₹167.76L | ₹172.31L |
| Selling General And Administration | ₹185.83L | ₹210.41L | ₹219.05L | ₹232.30L |
| Otherunder Preferred Stock Dividend | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Total Unusual Items Excluding Goodwill | -₹28.60L | -₹296.44L | ₹12,493.23L | -₹1,327.72L |
| Net Non Operating Interest Income Expense | -₹220.75L | -₹300.16L | -₹908.05L | -₹2,379.99L |
| Net Income Including Noncontrolling Interests | -₹90.59L | ₹569.78L | ₹12,117.65L | -₹3,337.82L |
| Net Income From Continuing And Discontinued Operation | -₹90.59L | ₹569.78L | ₹12,117.66L | -₹3,337.82L |
| Net Income From Continuing Operation Net Minority Interest | -₹90.59L | ₹569.78L | ₹12,117.66L | -₹3,337.82L |
Company Performance (FY23–FY26)
Directors
| Appointment | Director name | DIN | Designation | |
|---|---|---|---|---|
| 29/12/2008 | Shyantanu Sudarshan Chokhani | 02444142 | Director | View other directorships |
| 30/05/2014 | Mukesh Vijayshi Ashar | *****5597H | CFO | |
| 01/09/2015 | Sudarshan Chokhani Shriram | 00243355 | Managing Director | View other directorships |
| 26/09/2015 | Mukesh Vijayshi Ashar | 06929024 | Whole-time director | View other directorships |
| 25/07/2019 | Lalit Maharshi | 08519212 | Director | View other directorships |
| 01/03/2020 | Prasanna Vitthal Ramdas | *****8066P | Company Secretary | |
| 30/05/2022 | Acharya Debasis | *****4816D | CEO | |
| 06/11/2023 | Madhuri Gajanan Ahire | 10338913 | Additional Director | View other directorships |
Business Network
Directors 8
- Sudarshan Chokhani ShriramManaging Director
- Mukesh Vijayshi AsharWhole-time director
- Lalit MaharshiDirector
- Shyantanu Sudarshan ChokhaniDirector
- Madhuri Gajanan AhireAdditional Director
- Acharya DebasisCEO
- Prasanna Vitthal RamdasCompany Secretary
- Mukesh Vijayshi AsharCFO
Latest Documents
| Date | Title | Size |
|---|---|---|
| 29/06/2024 | Copy of Board resolution of the company-28062024 | - |
Address
Frequently Asked Questions
The current board member of Sudal Industries Limited are:
- Shyantanu Sudarshan Chokhani
- Sudarshan Chokhani Shriram
- Lalit Maharshi
- Mukesh Vijayshi Ashar
- Madhuri Gajanan Ahire