About Bharat Oman Refineries Ltd
Data last updated:
Bharat Oman Refineries Ltd was a public limited company based in Bina, Madhya Pradesh, India, operated as a subsidiary of Bharat Petroleum Corporation Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the petrochemicals and derivatives segment of the chemicals and materials sector. It was incorporated on 25 February 1994.
The company was registered with the Registrar of Companies (ROC), Gwalior, under CIN U11101MP1994PLC008162. Its GSTIN is 24AABCB7084M1DO (Gujarat). The company held 7 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹7,000 Cr and a paid-up capital of ₹2,426.83 Cr. It was led by directors including Arun Kumar Singh and Ravitej Venkata Pamaraju.
Its last annual general meeting (AGM) was held on 13 August 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at Administrative Building Refinery Compl Post Borl Residential Complex Bina Dis, T. Sagar, Madhya Pradesh, India – 470124.
As per the financials filed for FY 2021, the company reported a revenue of ₹35,488 Cr, a decline of 16% compared to the previous year. For the same year it recorded a net loss of ₹76.35 Cr (net margin -0.2%) and EBITDA of ₹1,203.86 Cr (EBITDA margin 3.4%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years.
The company had about 1 employee on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: BORL. As per MCA filings, the company had satisfied charges of ₹5,157.11 Cr on record. Court records list 69 cases involving the company, including 34 filed by the company and 35 filed against it; 20 cases are pending. The company has 7 deals on record (3 funding rounds, 2 debt financings, 1 convertible or debt financing), with disclosed funding of ₹6,122.78 Cr; the latest was in October 2021. Its 7 peer companies in the Chemicals industry (Petrochemicals, Refineries), with the same principal business activity (coke and refined petroleum products) are compared by revenue, 5 larger and 2 smaller; the largest is Reliance Industries Limited with revenue of ₹9,98,114 Cr. The company has 7 MSME Form 1 returns on record between 2019 and 2022, listing 7 overdue payments to 6 micro and small suppliers.
The last known website on record is borl.in.
Company details
Contact details
Bharat Oman Refineries Ltd's registered office is in Bina, Madhya Pradesh. Its website is borl.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressAdministrative Building Refinery Compl Post Borl Residential Complex Bina Dis, T. Sagar, Madhya Pradesh, India – 470124
- IndustryChemicals and Materials, Petrochemicals & Derivatives
To see the full contact details of Bharat Oman Refineries Ltd, 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
Business activity
The main business activity of Bharat Oman Refineries is manufacturing. In detail, this covers coke and refined petroleum products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C5 | Coke and refined petroleum products |
To see the full business activity and turnover split of Bharat Oman Refineries Ltd, buy the company report.
Financials of Bharat Oman Refineries Ltd
FY 2021 filings availableBharat Oman Refineries Ltd reported revenue of ₹35,488 Cr (down 16% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue fell 16% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA rose 467% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹35,488 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1,203.86 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹76.35 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.4% | ||||
| Net Profit Margin | -0.2% | ||||
| 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 | |||||
To see the full financial statements and ratios of Bharat Oman Refineries Ltd, buy the company report.
Board of directors and KMP of Bharat Oman Refineries Ltd
Bharat Oman Refineries Ltd currently reports 5 directors and 2 key managerial personnel. 56 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abhai Raj Singh Bhandari | Ceo | 01 Aug 2021 | 5 Years 2 Months | As last reported |
| Arun Kumar Singh Also directs: Mangalore Refinery and Petrochemicals Limited, Oil and Natural Gas Corporation Limited, Petronet LNG Limited and 4 more | Director | 18 Sep 2020 | 6 Years 1 Months | As last reported |
| Ravitej Venkata Pamaraju | Director | 06 Aug 2021 | 5 Years 2 Months | As last reported |
| Mangala Radhakrishna Prabhu | Director | 07 Sep 2015 | 11 Years 1 Months | As last reported |
| Sanjay Khanna Also directs: Petronet LNG Limited, Bharat Petroleum Corporation Limited, Bharat Petroresources Limited and 2 more | Additional Director | 03 Feb 2022 | 4 Years 8 Months | As last reported |
| Shubhendu Tewari | Company Secretary | 01 Nov 2012 | 13 Years 11 Months | As last reported |
Peer comparison
Bharat Oman Refineries Ltd is compared with the 7 companies closest to it by revenue in the Chemicals industry (Petrochemicals, Refineries), with the same principal business activity (coke and refined petroleum products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Reliance Industries Limited | ₹9,98,114 Cr (FY 2025) | 7.0% | Mumbai, Maharashtra, India | |||
| Hindustan Petroleum Corporation Limited | ₹4,68,812 Cr (FY 2025) | 1.0% | Mumbai, Maharashtra, India | |||
| Mangalore Refinery and Petrochemicals Limited | ₹1,09,431 Cr (FY 2025) | 4.0% | Mangalore, Karnataka, India | |||
| Hpcl-Mittal Energy Limited | ₹99,720 Cr (FY 2025) | 9.0% | Bhatinda, Punjab, India | |||
| Chennai Petroleum Corporation Limited | ₹71,075 Cr (FY 2025) | -10.0% | Chennai, Tamil Nadu, India | |||
| Bharat Oman Refineries Ltdthis company | ₹35,488 Cr (FY 2021) | -₹76.35 Cr | -0.2% | -16.0% | 1 | Bina, Madhya Pradesh, India |
| Numaligarh Refinery Ltd | ₹25,405 Cr (FY 2025) | 7.0% | Guwahati, Assam, India | |||
| Apar Industries Limited | ₹18,681 Cr (FY 2025) | 15.0% | Vadodara, Gujarat, India |
To see the full peer comparison of Bharat Oman Refineries Ltd, buy the company report.
Auditor
Bharat Oman Refineries Ltd is audited by C N K & AssociatesLLP for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C N K & AssociatesLLP | FY 2021 | 101961W |
Shareholding
The shareholding of Bharat Oman Refineries Ltd is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Bharat Oman Refineries Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 May 2019 | 100276778 | Sbicap Trustee Company Limited | ₹877.2 Cr | Satisfied | |
| 24 Mar 2014 | 10500843 | State Bank of India | ₹870 Cr | Satisfied | |
| 12 Feb 2014 | 10481632 | State Bank of India | ₹800 Cr | Satisfied | |
| 27 Dec 2010 | 10257120 | Sbicap Trustee Company Limited | ₹909.91 Cr | Satisfied | |
| 26 Mar 2010 | 10216652 | State Bank of India | ₹1,200 Cr | Satisfied |
To see the full charge records of Bharat Oman Refineries Ltd, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Bharat Oman Refineries Ltd has 7 deals on record (3 funding rounds, 2 debt financings, 1 convertible or debt financing), with disclosed funding of ₹6,122.78 Cr; the latest was in October 2021.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2021 | Debt financing | ₹1,000 Cr | Investors: State Bank Of India, Sbi Capital Markets Limited |
| Aug 2021 | Secondary share transfer | Undisclosed | Buyer: Bharat Petroleum Corporation Limited Seller: Oq Company S.a.o.c |
| Jul 2020 | Debt financing | ₹1,440 Cr | Investors: State Bank Of India, PNB Gilts Limited , Indusind Bank Ltd. |
| Mar 2020 | Funding round | ₹650 Cr | Investors: Bharat Petroleum Corporation Limited |
| May 2010 | Funding round | ₹813.11 Cr | Investors: Bharat Petroleum Corporation Limited |
To see the full deal history of Bharat Oman Refineries Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Bharat Oman Refineries Ltd has 69 court cases on record: 34 filed by Bharat Oman Refineries, 35 filed against it. 20 cases are pending and 49 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 54 | 26 | 18 |
| Supreme Court | 8 | 4 | 1 |
| District courts | 7 | 5 | 1 |
Cases on record (5 of 69)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against Premier Road Carriers Ltd. | Pending |
| High Court of Madhya Pradesh | Court case (AA) | Filed by the company against Armtech India Limited | Pending |
| Bombay High Court | Court case (APP) | Filed against the company by M/S. Mascon Multiservices and Consultants Pvt. Ltd. Vadodra | Pending |
| Bombay High Court | Court case (APP) | Filed by the company against Mascon Multiservices and Consultants Pvt. Ltd. | Pending |
| Bombay High Court | Court case (CARAP) | Filed against the company by M/S. India Tube Mills and Metal Industries Pvt. Ltd. | Disposed |
To see the full case history of Bharat Oman Refineries Ltd, 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
Bharat Oman Refineries Ltd was last rated by Crisil on 29 Dec 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 29 Dec 2020 |
To see the full credit ratings and regulatory alerts of Bharat Oman Refineries Ltd, buy the company report.
MSME payment delays
Bharat Oman Refineries Ltd has 7 MSME Form 1 returns on record between 2019 and 2022, listing 7 overdue payments to 6 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 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Paras Fittings Private Limited | |||
| Inheart Gases Private Limited | |||
| Yadav Builders | |||
| V K Pump Industries Private Limited | |||
| Shilpi Engineering Private Limited |
To see the full MSME payment records of Bharat Oman Refineries Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Bharat Oman Refineries Ltd has a workforce of 1 employees on its EPFO records as of Apr 10, 2024, across 2 active EPFO establishments.
GST
Bharat Oman Refineries has 7 GST registrations: 1 active and 6 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCB7084M1DO | Gujarat | Active | 10 Jul 2020 |
To see the full GST registrations and return filing status of Bharat Oman Refineries Ltd, buy the company report.
Recent activity
Bharat Oman Refineries Ltd has 61 board changes on record since 2007: 7 appointments and 54 cessations. The latest: Sanjay Khanna was appointed as Additional Director on 03 Feb 2022.
67 earlier events are in the company report.
News
Frequently asked questions
Bharat Oman Refineries has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Bharat Oman Refineries was a public limited company based in Bina, Madhya Pradesh, India. The company worked in petrochemicals and derivatives, within the chemicals and materials industry. It was incorporated on 25 February 1994 and is registered under CIN U11101MP1994PLC008162. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Bharat Oman Refineries was incorporated on 25 February 1994. It is registered with the Registrar of Companies, Gwalior.
Bharat Oman Refineries had 7 directors and KMP:
- Arun Kumar Singh - Director
- Ravitej Venkata Pamaraju - Director
- Mangala Radhakrishna Prabhu - Director
- Sanjay Khanna - Additional Director
- Ramakrishna Gupta Vetsa - Director
- Abhai Raj Singh Bhandari - Ceo
- Shubhendu Tewari - Company Secretary
The CIN (Corporate Identification Number) of Bharat Oman Refineries is U11101MP1994PLC008162. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Bharat Oman Refineries is at Administrative Building Refinery Compl Post Borl Residential Complex Bina Dis, T. Sagar, Madhya Pradesh, India – 470124.
Bharat Oman Refineries can be reached through the website borl.in. Its registered office is in Bina, Madhya Pradesh, India.
The latest financial statements of Bharat Oman Refineries on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 13 August 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Bharat Oman Refineries is 24AABCB7084M1DO, registered in Gujarat. The company has 7 GST registrations in all, of which 1 is active and 6 are cancelled or inactive.
Bharat Oman Refineries operated in the chemicals and materials industry, in the petrochemicals and derivatives segment.
Bharat Oman Refineries has 7 deals on record (3 funding rounds, 2 debt financings, 1 convertible or debt financing), with disclosed funding of ₹6,122.78 Cr; the latest was in October 2021.
The peers of Bharat Oman Refineries by revenue are Reliance Industries Limited, Hindustan Petroleum Corporation Limited, Mangalore Refinery and Petrochemicals Limited, Hpcl-Mittal Energy Limited, Chennai Petroleum Corporation Limited and 2 more, all in the Chemicals industry (Petrochemicals, Refineries), with the same principal business activity (coke and refined petroleum products).