About Ashoka Refineries Limited
Data last updated:
Ashoka Refineries Limited is a public limited company based in Raipur, Chhattisgarh, India. It operates in the edible oils and cooking fats segment of the food and beverages sector. It was incorporated on 01 October 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Chhattisgarh, under CIN L15143CT1991PLC006678. Its GSTIN is 22AAECA9458P2Z4 (Chhattisgarh). The company holds 2 GST registrations, of which 1 is active. Its shares are listed on BSE: 526983.
The company has an authorised share capital of ₹3.75 Cr and a paid-up capital of ₹3.4 Cr. It is led by directors including Hifzul Rahim (Managing Director) and Tulsi Ram Sahu.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 408 Wallfort Ozone Fafadih, Raipur, Chhattisgarh, India – 492001.
As per the financials filed for FY 2025, the company reported a revenue of ₹31.34 Lakh, a decline of 79% compared to the previous year. For the same year it recorded a net loss of ₹16.68 Lakh (net margin -53.2%) and EBITDA of -₹16.67 Lakh (EBITDA margin -53.2%). Revenue has grown at a compounded annual rate (CAGR) of 49% over three years and 18% over five years.
The company is associated with 1 brand: Ashoka Refineries. Court records list 2 cases involving the company, including 2 filed against it. The company has 1 deal on record (1 market trade); the latest was in December 2022. Its 10 peer companies in the Food and Beverages industry (Edible Oils, Refineries) are compared by revenue, 5 larger and 5 smaller; the largest is K.M. Refineries & Infraspace Private Limited with revenue of ₹32.08 Lakh.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ashokarefineries.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address408 Wallfort Ozone Fafadih, Raipur, Chhattisgarh, India – 492001
- IndustryFood and Beverages, Edible Oils & Cooking Fats
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of Ashoka Refineries Limited
The main business activity of Ashoka Refineries is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Ashoka Refineries Limited FY 2025 filings available
Ashoka Refineries Limited reported revenue of ₹31.34 Lakh (down 79% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Ashoka Refineries Limited
Revenue fell 79% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 18%. EBITDA fell 834% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Ashoka Refineries Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹16.67 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹16.68 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Ashoka Refineries Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -53.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -53.2% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Ashoka Refineries are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Ashoka Refineries Limited
Ashoka Refineries Limited is compared with the companies closest to it by revenue in the Food and Beverages industry (Edible Oils, Refineries). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| K.M. Refineries & Infraspace Private Limited | ₹32.08 Lakh (FY 2022) | •••• | •••• | •••• | Nagpur, Maharashtra, India | |
| SRK Temple of Oils Private Limited | ₹31.93 Lakh (FY 2023) | •••• | •••• | 251.0% | •••• | Bangalore, Karnataka, India |
| Megh Singh Ramkali Industries Private Limited | ₹31.58 Lakh (FY 2025) | •••• | •••• | 74.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Anantha Refinery Private Limited | ₹31.53 Lakh (FY 2023) | •••• | •••• | -99.0% | •••• | Challakere, Karnataka, India |
| Rocket Foods Limited | ₹31.37 Lakh (FY 2024) | •••• | •••• | -71.0% | •••• | Pune, Maharashtra, India |
| Ashoka Refineries Limited this company | ₹31.34 Lakh (FY 2025) | •••• | •••• | -79.0% | •••• | Raipur, Chhattisgarh, India |
| Suhika Private Limited | ₹31.11 Lakh (FY 2024) | •••• | •••• | 205.0% | •••• | Raipur, Chhattisgarh, India |
| Prashant India Limited Listed | ₹30.29 Lakh (FY 2025) | •••• | •••• | -30.0% | •••• | Surat, Gujarat, India |
| Brevity Foods Private Limited | ₹30.16 Lakh (FY 2024) | •••• | •••• | -61.0% | •••• | Kolhapur, Maharashtra, India |
| Rolliz Orgaanic Food and Oils Private Limited | ₹29.47 Lakh (FY 2025) | •••• | •••• | -51.0% | •••• | Coimbatore, Tamil Nadu, India |
| Kantilal Shantilal Dal Mills Private Limited | ₹29.38 Lakh (FY 2018) | •••• | •••• | 6.0% | •••• | Dhule, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Ashoka Refineries by revenue in the Food and Beverages industry (Edible Oils, Refineries), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Ashoka Refineries Limited
Ashoka Refineries Limited is audited by AGRAWAL SHUKLA & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| AGRAWAL SHUKLA & CO. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Ashoka Refineries Limited
Ashoka Refineries has 6 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tulsi Ram Sahu | Director | 14 Nov 2017 | 8 Years 11 Months | Current |
| Mansoor Ahmed Also directs: Natura Hue-Chem Limited, Presswell Industries (India) Limited | Director | 14 Aug 2018 | 8 Years 2 Months | Current |
| Aditya Sharma Also directs: Natura Hue-Chem Limited, New Era Alkaloids and Exports Ltd | Director | 28 Jun 2021 | 5 Years 3 Months | Current |
| Gaurav Soni | Director | 01 Oct 2025 | 1 Years 0 Months | Current |
| Anchal Agrawal Also directs: Natura Hue-Chem Limited, New Era Alkaloids and Exports Ltd | Director | 01 Oct 2025 | 1 Years 0 Months | Current |
| Hifzul Rahim | Managing Director | 10 Aug 2023 | 3 Years 2 Months | Current |
Ownership and Shareholding of Ashoka Refineries Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Ashoka Refineries Limited
Ashoka Refineries Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Ashoka Refineries Limited
Ashoka Refineries Limited has 1 deal on record (1 market trade); the latest was in December 2022.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2022 | Market trade | ₹1.3 Lakh | Seller: an individual |
Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Ashoka Refineries Limited
Ashoka Refineries Limited has 2 court cases on record: 2 filed against it. All cases are disposed. Status as checked on 30 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (1 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gwalior, Madhya Pradesh | Court case (RCT) | Filed against the company by Company Registrar | Disposed |
Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Associated Brands with Ashoka Refineries Limited
Ashoka Refineries operates one associated brand: Ashoka Refineries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Oil refining, importing, exporting, and manufacturing in India. | ashokarefineries.com |
Employees and EPFO Compliance at Ashoka Refineries Limited
Employment history and EPFO contributions of people linked to Ashoka Refineries.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Ashoka Refineries Limited
Ashoka Refineries has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L15143CT1991PLC006678, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L15143CT1991PLC006678 | Current |
| L15143MP1991PLC006678 | Previous |
| U15143CT1991PLC006678 | Previous |
Recent Activity on Ashoka Refineries Limited
Ashoka Refineries Limited has 24 board changes on record since 1997: 15 appointments and 9 cessations. The latest: Anchal Agrawal was appointed as Director on 01 Oct 2025.
15 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Ashoka Refineries Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Ashoka Refineries Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Ashoka Refineries Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Ashoka Refineries Limited
Ashoka Refineries has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 22AAECA9458P2Z4 | Chhattisgarh | Active | 07 Sep 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Ashoka Refineries Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Ashoka Refineries Limited
Ashoka Refineries is an active public limited company based in Raipur, Chhattisgarh, India. The company works in edible oils and cooking fats, within the food and beverages industry. It was incorporated on 01 October 1991 (35+ years old) and is registered under CIN L15143CT1991PLC006678. Listed on BSE: 526983.
Ashoka Refineries reported revenue of ₹31.34 Lakh for FY 2025 (down 79% YoY).
Ashoka Refineries has 6 current directors:
- Hifzul Rahim - Managing Director
- Tulsi Ram Sahu - Director
- Mansoor Ahmed - Director
- Aditya Sharma - Director
- Gaurav Soni - Director
- Anchal Agrawal - Director
Ashoka Refineries reported a net loss of ₹16.68 Lakh (net margin -53.2%) and EBITDA of -₹16.67 Lakh (EBITDA margin -53.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ashoka Refineries is -49% over three years and 18% over five years. In the latest year (FY 2025) revenue fell 79%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ashoka Refineries is 22AAECA9458P2Z4, registered in Chhattisgarh. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Ashoka Refineries is L15143CT1991PLC006678. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Ashoka Refineries is listed on BSE with code 526983.
Ashoka Refineries has 2 court cases on record: 2 filed against it.
Ashoka Refineries was incorporated on 01 October 1991, making it 35+ years old. It is registered with the Registrar of Companies, Chhattisgarh.
Ashoka Refineries has 1 deal on record (1 market trade); the latest was in December 2022.