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Jindal Supreme (India) Limited

RHP · filed 08 Sept 2026

SEBI cleared

Jindal Supreme (India) Limited is a manufacturer that reported a revenue of Rs 190.94 crore and a profit after tax of Rs 8.20 crore in the latest fiscal, though its revenue has declined at a CAGR of -33.37% over the last three years. The company's operations are concentrated at a single facility in Hisar, Haryana, and it has not obtained specific insurance coverage for business interruption. The business is working capital intensive, with a debt-to-equity ratio of 0.88, and relies on a mix of internal accruals and bank borrowings to meet these requirements.

What stands out

Shrinking revenue. Restated revenue CAGR of -33.4%.

Large related-party dealings. Related-party transactions are 100.0% of revenue.

Risk factor. Operations are concentrated at a single manufacturing facility in Hisar, Haryana, and the Company does not have a formal, documented disaster recovery or business continuity plan.

Risk factor. The Company has not obtained specific insurance coverage for business interruption, and existing insurance policies may not adequately cover losses arising from prolonged operational disruptions.

Risk factor. The Company requires significant working capital, which is met through a mix of internal accruals and bank borrowings, and there is no assurance of securing sufficient working capital in the future.

Risk factor. The Company's business is working capital intensive, and failure to effectively manage working capital requirements could lead to insufficient capital to maintain and grow the business.

How the offer is structured

  • Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by our Company₹71.0 Cr
  • General Corporate Purposes

Restated financials

Revenue

₹191 Cr

Latest fiscal year

Profit after tax

₹8.2 Cr

Revenue CAGR

-33.4%

Return on equity

7.8%

Debt / equity

0.88

PAT CAGR

-14.0%

Fiscal yearRevenueEBITDAPATNet worth
2023₹645 Cr₹12.9 Cr₹50.3 Cr
2024₹586 Cr₹24.3 Cr₹74.6 Cr
2025₹675 Cr₹22.5 Cr₹96.8 Cr
2026₹191 Cr₹8.2 Cr₹105 Cr

Promoters, litigation & related parties

Promoter (pre)

82.0%

Related-party

100.0%

Share of revenue

As on the date of this Red Herring Prospectus, there are no criminal litigations filed against our Company. Except as stated in this section, as on the date of this Red Herring Prospectus, there are no outstanding (i) criminal proceedings; (ii) actions taken by regulatory or statutory authorities; (iii) disciplinary action including penalty imposed by SEBI or stock exchanges against the promoters in the last five financial years including outstanding action; or (iv) claims related to direct and indirect taxes, in a consolidated manner, giving the number of cases and total amount (v) other pending litigations based on lower of threshold criteria as per the policy of materiality defined by the board of directors of the issuer and disclosed in the offer document or where the value or expected impact in terms of value, exceeds the threshold of materiality; in each case involving our Company, our Promoter or our Directors or Group Companies (vi) all criminal proceedings involving key managerial personnel and senior management of the issuer; (vii) actions by regulatory authorities and statutory authorities against such key managerial personnel and senior management of the issuer shall also be disclosed.

Risks the company discloses

  • Operations are concentrated at a single manufacturing facility in Hisar, Haryana, and the Company does not have a formal, documented disaster recovery or business continuity plan.(Operational)

  • The Company has not obtained specific insurance coverage for business interruption, and existing insurance policies may not adequately cover losses arising from prolonged operational disruptions.(Operational)

  • The Company requires significant working capital, which is met through a mix of internal accruals and bank borrowings, and there is no assurance of securing sufficient working capital in the future.(Financial)

  • The Company's business is working capital intensive, and failure to effectively manage working capital requirements could lead to insufficient capital to maintain and grow the business.(Financial)

  • Top 10 suppliers contribute 72.31% to 76.23% of total purchases, and any delay or shortage from these suppliers could adversely affect operations.(Supply Chain)

  • One of the top suppliers is a related party (VVJ Enterprise Private Limited), and the Company has not disclosed the names of its suppliers due to confidentiality reasons.(Related Party)

  • The Company has not faced malfunction or breakdown of machinery in the last three fiscals, but any significant malfunction could require substantial repair costs and lead to suspension of operations.(Operational)

  • The Company has not obtained any specific insurance coverage for business interruption, and existing insurance policies may not adequately cover losses arising from prolonged operational disruptions.(Operational)

How this document reads, dimension by dimension

growthrevenue CAGR -33.4%
governanceRPT 100% of revenue
balance sheetdebt/equity 0.88x
profitabilityROE 7.8%

Each bar is a fixed formula applied to the figures shown above, scored 0–100. This is a reading of what the company disclosed — not a recommendation to apply or avoid, not a price target, and not a prediction of listing performance. Dimensions that could not be extracted are excluded rather than assumed, so coverage varies between documents.

Figures are extracted automatically from the document filed with SEBI and may contain errors — the linked SEBI document is the authoritative record; analysed 09 Sept 2026.

Not investment advice

These lists are rules-based research, not buy recommendations. Rankings are generated from NSE & BSE data by a deterministic formula and do not account for your personal circumstances. For informational purposes only. Consult a SEBI-registered advisor before investing.