About Balasore Alloys Limited
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Balasore Alloys Limited is a public limited company based in Balasore, Odisha, India. It operates in the metal manufacturing and processing segment of the metals and mining sector. It was incorporated on 31 May 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN L27101OR1984PLC001354. Its GSTIN is 21AAACI3967P1Z9 (Odisha). The company holds 8 GST registrations, of which 5 are active. It is recorded as listed by MCA, but its shares were delisted from BSE on 25 Jan 2024 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹100 Cr and a paid-up capital of ₹46.66 Cr. It was formerly known as Ispat Alloys Limited. It is led by directors including Arun Kumar Jain (Managing Director) and Nisha Jain.
Its last annual general meeting (AGM) was held on 25 September 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Balgopalpur Balasore, Odisha, India – 756020.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,010 Cr, a decline of 16% compared to the previous year. For the same year it recorded a net profit of ₹53.91 Cr (net margin 5.3%) and EBITDA of ₹137.08 Cr (EBITDA margin 13.6%). Revenue has grown at a compounded annual rate (CAGR) of 108% over three years and 5% over five years.
The company has about 563 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Balasore Alloys. As per MCA filings, the company has satisfied charges of ₹841.38 Cr on record. Court records list 353 cases involving the company, including 212 filed by the company and 141 filed against it; 61 cases are pending. The company has 30 deals on record (30 market trades); the latest was in September 2017. The company has 16 MSME Form 1 returns on record between 2019 and 2024, listing 70 overdue payments to 14 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website balasorealloys.com.
Company details
CIN history
Balasore Alloys has one previous CIN (Corporate Identification Number): U27101OR1984PTC001354. The current CIN is L27101OR1984PLC001354, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L27101OR1984PLC001354 | Current |
| U27101OR1984PTC001354 | Previous |
Contact details
Balasore Alloys Limited's registered office is in Balasore, Orissa. Its website is balasorealloys.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressBalgopalpur Balasore, Odisha, India – 756020
- IndustryMetals and Minerals, Metal Manufacturing & Processing, Mining & Mineral Extraction
To see the full contact details of Balasore Alloys Limited, buy the company report.
- 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
Brands
Balasore Alloys operates one associated brand: Balasore Alloys. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Ferrochrome is manufactured by Balasore Alloys in India. | balasorealloys.com |
Business activity
The main business activity of Balasore Alloys is mining and quarrying. In detail, this covers mining of metal ores.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| B | Mining and quarrying | 07 | Mining of metal ores |
To see the full business activity and turnover split of Balasore Alloys Limited, buy the company report.
Financials of Balasore Alloys Limited
FY 2026 filings availableBalasore Alloys Limited reported revenue of ₹1,010 Cr (down 16% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 16% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA rose 401% 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
| 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 | ₹1,010 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹137.08 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹53.91 Cr | ||||
| 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.6% | ||||
| Net Profit Margin | 5.3% | ||||
| 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 | |||||
To see the full financial statements and ratios of Balasore Alloys Limited, buy the company report.
Board of directors of Balasore Alloys Limited
Balasore Alloys has 8 current directors and 43 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nisha Jain | Director | 09 Dec 2025 | 0 Years 10 Months | Current |
| Arun Kumar Jain | Managing Director | 29 Apr 2025 | 1 Years 6 Months | Current |
| Pankaj Kapoor | Director | 05 Nov 2024 | 1 Years 11 Months | Current |
| Ketan Vasant Kale Also directs: Trove Visuals International LLP | Director | 13 Aug 2024 | 2 Years 2 Months | Current |
| Ramen Ray Mandal | Director | 15 Feb 2023 | 3 Years 8 Months | Current |
| Pravakar Mohanty | Director | 15 Feb 2023 | 3 Years 8 Months | Current |
Auditor
Balasore Alloys Limited is audited by B NATH & COMPANY for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B NATH & COMPANY | FY 2025 | 307057E |
Shareholding
The shareholding of Balasore Alloys Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Balasore Alloys Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Jun 2018 | 100188435 | State Bank of India | ₹12 Lakh | Satisfied | |
| 11 Jun 2018 | 100208520 | Others | ₹35.1 Lakh | Satisfied | |
| 06 Jun 2018 | 100188504 | State Bank of India | ₹21 Lakh | Satisfied | |
| 27 Mar 2017 | 100099092 | Others | ₹13 Cr | Satisfied | |
| 03 Mar 2017 | 100094987 | Others | ₹3.19 Cr | Satisfied |
To see the full charge records of Balasore Alloys Limited, buy the company report.
Total charge records: 35 View all charges
Deals & funding
Balasore Alloys Limited has 30 deals on record (30 market trades); the latest was in September 2017.
Deals on record (5 of 30)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2017 | Market trade | ₹2.79 Cr | Seller: Navoday Niketan Private Limited |
| Oct 2010 | Market trade | ₹4.18 Cr | Buyer: Sainath Herbal Care Marketing Private Limited Seller: Sainath Herbal Care Marketing Private Limited |
| Aug 2009 | Market trade | ₹2.41 Cr | Buyer: Arcadia Share and Stock Brokers Private Limited Seller: Arcadia Share and Stock Brokers Private Limited |
| Aug 2008 | Market trade | ₹3.96 Cr | Buyer: JMP Securities Private Limited |
| Apr 2008 | Market trade | ₹7.61 Cr | Buyer: Naman Sec And Fin Pvt Ltd, JMP Securities Private Limited Seller: JMP Securities Private Limited , Naman Sec And Fin Pvt Ltd |
To see the full deal history of Balasore Alloys Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Balasore Alloys Limited has 353 court cases on record: 212 filed by Balasore Alloys, 141 filed against it. 61 cases are pending and 292 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 221 | 48 | 25 |
| District courts | 98 | 79 | 31 |
| Supreme Court | 22 | 9 | 5 |
| NCLT | 8 | 5 | 0 |
| NCLAT | 4 | 0 | 0 |
Cases on record (5 of 353)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (3301- Mines Minerals, Mining leases : Grant/renewal and/or cancellation of reconnaissance permits, prospecting licenses and/or mining leases, payment of royalty under any Central or State statute) | Filed by the company against Union of India and 4 others | Pending |
| High Court of Delhi | Arbitration matter | Filed against the company by Rajadhiraj Tirupani Vinayak Natraj Pvt Ltd | Pending |
| District court, Balasore, Odisha | Execution petition | Filed against the company by State Trading Corporation of India Limited (131/23) | Pending |
| High Court of Delhi | Arbitration matter | Filed by the company against Rajadhiraj Tirupani Vinayak Natraj Pvt Ltd | Pending |
| Supreme Court | Court case | Filed by the company against M/S Ispat Corp Limited | Pending |
To see the full case history of Balasore Alloys Limited, buy the company report.
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.
Credit ratings & regulatory alerts
Balasore Alloys Limited was last rated by Care on 09 May 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 09 May 2022 |
To see the full credit ratings and regulatory alerts of Balasore Alloys Limited, buy the company report.
MSME payment delays
Balasore Alloys Limited has 16 MSME Form 1 returns on record between 2019 and 2024, listing 70 overdue payments to 14 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 14)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| B.Nath & Co. | |||
| an individual supplier | |||
| Das & Prasad | |||
| an individual supplier | |||
| Swagath Urethane Private Limited |
To see the full MSME payment records of Balasore Alloys Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Balasore Alloys Limited has a workforce of 563 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
GST
Balasore Alloys has 8 GST registrations: 5 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAACI3967P1Z9 | Odisha | Active | 01 Jul 2017 |
| 19AAACI3967P1ZU | West Bengal | Active | 01 Jul 2017 |
| 19AAACI3967P2ZT | West Bengal | Active | 22 Jul 2017 |
| 07AAACI3967P2ZY | Delhi | Active | 17 Aug 2017 |
To see the full GST registrations and return filing status of Balasore Alloys Limited, buy the company report.
Recent activity
Balasore Alloys Limited has 88 board changes on record since 1984: 49 appointments and 39 cessations. The latest: Ansuman Kumar Bhanja was appointed as Additional Director on 05 Oct 2026.
163 earlier events are in the company report.
Frequently asked questions
Balasore Alloys is an active public limited company based in Balasore, Odisha, India. The company works in metal manufacturing and processing, within the metals and minerals industry. It was incorporated on 31 May 1984 (42+ years old) and is registered under CIN L27101OR1984PLC001354.
Balasore Alloys has 8 current directors:
- Arun Kumar Jain - Managing Director
- Nisha Jain - Director
- Pankaj Kapoor - Director
- Ketan Vasant Kale - Director
- Ramen Ray Mandal - Director
- Pravakar Mohanty - Director
- Ansuman Kumar Bhanja - Additional Director
- Vijay Kumar Singh - Director
The latest financial statements of Balasore Alloys on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 25 September 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Balasore Alloys is 21AAACI3967P1Z9, registered in Odisha. The company has 8 GST registrations in all, of which 5 are active and 3 are cancelled or inactive. Other active GSTINs include 19AAACI3967P1ZU (West Bengal), 19AAACI3967P2ZT (West Bengal), 07AAACI3967P2ZY (Delhi).
The CIN (Corporate Identification Number) of Balasore Alloys is L27101OR1984PLC001354. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Balasore Alloys is recorded as a listed company by MCA, but its shares were delisted from BSE on 25 Jan 2024 · compulsory delisting, and no longer trade on a stock exchange.
Balasore Alloys has 353 court cases on record: 212 filed by the company and 141 filed against it. 61 are pending. Most are in the high courts.
Balasore Alloys was incorporated on 31 May 1984, making it 42+ years old. It is registered with the Registrar of Companies, Cuttack.
Balasore Alloys has 30 deals on record (30 market trades); the latest was in September 2017.
Ansuman Kumar Bhanja was appointed as Additional Director on 05 Oct 2026. Vijay Kumar Singh was appointed as Director on 11 Aug 2026. Nisha Jain was appointed as Director on 09 Dec 2025. Balasore Alloys has 88 board changes on record in total.
Balasore Alloys has 16 MSME Form 1 returns on record between 2019 and 2024, listing 70 overdue payments to 14 micro and small suppliers. The latest return was filed on 20 Jun 2024.
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