- Category
- Small (2024-25)
- Udyam number
- UDYAM-TN-02-0105467

About National Oxygen Limited
Data last updated:
National Oxygen Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the industrial and specialty gases segment of the chemicals and materials sector. It was incorporated on 23 December 1974 and has been in existence for over 52 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN L24111TN1974PLC006819. It is a listed company as per MCA records. Its shares are listed on BSE: 507813.
The company has an authorised share capital of ₹18.1 Cr and a paid-up capital of ₹5.04 Cr. It was formerly known as National Oxygen Private Limited. It is led by directors including Rajesh Kumar Saraf (Managing Director) and Shanmugavadivel Siva.
Its last annual general meeting (AGM) was held on 24 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Door No. S – 1 Alsa Mall No.4 (Old No.149) Montieth Road Egmore, Chennai, Tamil Nadu, India – 600008.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹22.96 Cr, a decline of 43.4% compared to the previous year. For the same year it recorded a net loss of ₹6.28 Cr (net margin -27.4%) and EBITDA of -₹3.32 Cr (EBITDA margin -14.5%). The net worth stands at ₹2.79 Cr (up 213.5% YoY). Total assets are valued at ₹24.01 Cr (down 1.4% YoY).
The company has about 102 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: National Oxygen. As per MCA filings, the company has open charges of ₹27.96 Cr and satisfied charges of ₹85.57 Cr on record. Court records list 52 cases involving the company, including 30 filed by the company and 22 filed against it; 10 cases are pending. The company has 20 deals on record (19 market trades, 1 funding round), with disclosed funding of ₹12 Cr; the latest was in June 2026.
National Oxygen Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0105467). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nolgroup.com.
Company details
Recognitions & Rankings of National Oxygen
Contact details
National Oxygen Limited's registered office is in Chennai, Tamil Nadu. Its website is nolgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressDoor No. S – 1 Alsa Mall No.4 (Old No.149) Montieth Road Egmore, Chennai, Tamil Nadu, India – 600008
- IndustryChemicals and Materials, Industrial & Specialty Gases
To see the full contact details of National Oxygen 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
National Oxygen operates one associated brand: National Oxygen. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Industrial gases are produced and supplied by National Oxygen. | nolgroup.com |
Business activity
The main business activity of National Oxygen is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of National Oxygen Limited, buy the company report.
Financials of National Oxygen Limited
FY 2025-26 filings availableNational Oxygen Limited reported revenue of ₹22.96 Cr (down 43.4% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 22.96 | 40.58 | 45.26 | 47.11 | 50.61 | 39.76 | 43.93 |
| Revenue growth | -43.4% | -10.3% | -3.9% | -6.9% | +27.3% | -9.5% | - |
| EBITDA | (3.32) | (2.48) | 1.25 | 3.67 | 11.43 | 6.26 | 6.39 |
| EBITDA margin | -14.5% | -6.1% | +2.8% | +7.8% | +22.6% | +15.7% | +14.6% |
| Profit before tax | 1.84 | (7.01) | (3.22) | (0.80) | 7.63 | (1.10) | (1.55) |
| Net profit | (6.28) | (7.01) | (3.27) | (0.80) | 6.53 | (1.13) | (1.60) |
| Net profit margin | -27.4% | -17.3% | -7.2% | -1.7% | +12.9% | -2.8% | -3.6% |
| EPS (₹) | 3.64 | (13.89) | (6.41) | (1.65) | 15.88 | (2.28) | (3.26) |
| Balance sheet | |||||||
| Total assets | 24.01 | 24.34 | 29.59 | 30.09 | 34.91 | 31.11 | 33.64 |
| Net worth | 2.79 | 0.89 | 7.90 | 11.07 | 12.01 | 4.39 | (6.54) |
| Total debt | 19.74 | 21.79 | 19.75 | 17.06 | 20.82 | 25.21 | 38.60 |
| Cash & bank | 0.55 | 0.56 | 0.49 | 2.15 | 6.47 | 1.01 | 1.05 |
| Net working capital | 0.18 | 2.19 | 4.37 | 5.96 | 9.26 | 3.83 | 3.64 |
| Cash flow | |||||||
| Cash from operations | (1.09) | (0.18) | 0.97 | 2.23 | 11.59 | 6.53 | 4.83 |
| Cash from investing | 4.55 | (0.21) | (3.69) | (0.62) | 0.40 | (0.70) | (0.39) |
| Cash from financing | (3.47) | 0.45 | 1.07 | (5.93) | (6.54) | (5.87) | (4.30) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.05 | 3.97 | 5.04 | 6.37 | 7.58 | 8.62 | 10.78 | 10.61 |
| Revenue growth (YoY) | -59.8% | -53.9% | -53.3% | -40.0% | -28.3% | - | - | - |
| Other income | 0.24 | 0.35 | 0.11 | 8.37 | 0.05 | 0.07 | 0.07 | 0.08 |
| Total expenses | 4.29 | 5.06 | 5.78 | 6.81 | 8.62 | 10.39 | 11.53 | 10.55 |
| EBITDA | (1.24) | (1.09) | (0.74) | (0.44) | (1.04) | (1.77) | (0.75) | 0.06 |
| EBITDA margin | -40.7% | -27.5% | -14.7% | -6.9% | -13.7% | -20.5% | -7.0% | +0.6% |
| Depreciation | 0.55 | 0.56 | 0.57 | 0.58 | 0.61 | 0.61 | 0.87 | 0.87 |
| Interest | 0.46 | 0.48 | 0.36 | 0.30 | 0.28 | 0.28 | 0.42 | 0.46 |
| Profit before tax | (2.01) | (1.78) | (1.56) | 7.05 | (1.88) | (2.59) | (1.97) | (1.19) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.05 | 3.97 | 5.04 | 6.37 | 7.58 | 8.62 | 10.78 | 10.61 |
| Revenue growth (YoY) | -59.8% | -53.9% | -53.3% | -40.0% | -28.3% | - | - | - |
| Other income | 0.24 | 0.35 | 0.11 | 8.37 | 0.05 | 0.07 | 0.07 | 0.08 |
| Total expenses | 4.29 | 5.06 | 5.78 | 6.81 | 8.62 | 10.39 | 11.53 | 10.55 |
| EBITDA | (1.24) | (1.09) | (0.74) | (0.44) | (1.04) | (1.77) | (0.75) | 0.06 |
| EBITDA margin | -40.7% | -27.5% | -14.7% | -6.9% | -13.7% | -20.5% | -7.0% | +0.6% |
| Depreciation | 0.55 | 0.56 | 0.57 | 0.58 | 0.61 | 0.61 | 0.87 | 0.87 |
| Interest | 0.46 | 0.48 | 0.36 | 0.30 | 0.28 | 0.28 | 0.42 | 0.46 |
| Profit before tax | (2.01) | (1.78) | (1.56) | 7.05 | (1.88) | (2.59) | (1.97) | (1.19) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 22.96 | 40.58 | 45.26 | 47.11 | 50.61 | 39.76 | 43.93 |
| Revenue growth | -43.4% | -10.3% | -3.9% | -6.9% | +27.3% | -9.5% | - |
| Other income | 8.88 | 0.28 | 0.50 | 0.59 | 1.44 | 0.40 | 0.27 |
| Total expenses | 26.28 | 43.06 | 44.01 | 43.44 | 39.18 | 33.50 | 37.54 |
| Employee cost | 2.69 | 3.33 | 3.33 | 3.54 | 3.58 | 3.03 | 3.49 |
| EBITDA | (3.32) | (2.48) | 1.25 | 3.67 | 11.43 | 6.26 | 6.39 |
| EBITDA margin | -14.5% | -6.1% | +2.8% | +7.8% | +22.6% | +15.7% | +14.6% |
| Depreciation | 2.31 | 3.22 | 3.33 | 3.27 | 3.09 | 3.28 | 3.41 |
| Interest | 1.41 | 1.59 | 1.64 | 1.79 | 2.15 | 4.48 | 4.80 |
| Profit before tax | 1.84 | (7.01) | (3.22) | (0.80) | 7.63 | (1.10) | (1.55) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Net profit | (6.28) | (7.01) | (3.27) | (0.80) | 6.53 | (1.13) | (1.60) |
| Net profit margin | -27.4% | -17.3% | -7.2% | -1.7% | +12.9% | -2.8% | -3.6% |
| EPS (₹) | 3.64 | (13.89) | (6.41) | (1.65) | 15.88 | (2.28) | (3.26) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 13.94 | 13.94 | 13.94 | 16.80 | 16.80 | 16.80 | 4.80 |
| Reserves & surplus | (11.15) | (13.05) | (6.04) | (5.73) | (4.79) | (12.41) | (11.34) |
| Shareholders' funds (net worth) | 2.79 | 0.89 | 7.90 | 11.07 | 12.01 | 4.39 | (6.54) |
| Secured loans | 6.67 | 14.76 | 15.70 | 12.03 | 14.00 | 20.03 | 18.61 |
| Unsecured loans | 13.07 | 7.03 | 4.05 | 5.03 | 6.82 | 5.18 | 19.99 |
| Total debt | 19.74 | 21.79 | 19.75 | 17.06 | 20.82 | 25.21 | 38.60 |
| Total liabilities | 24.01 | 24.34 | 29.59 | 30.09 | 34.91 | 31.11 | 33.64 |
| Assets | |||||||
| Gross block | 69.40 | 69.24 | 68.42 | 65.18 | 64.11 | 67.27 | 66.52 |
| Net block | 18.44 | 19.58 | 21.98 | 22.08 | 24.27 | 26.48 | 29.01 |
| Capital work in progress | 3.30 | 0.18 | 0.81 | 0.14 | 0.00 | 0.06 | 0.03 |
| Investments | 0.16 | 0.33 | 0.08 | 0.05 | 0.10 | 0.21 | 0.19 |
| Inventories | 0.63 | 0.93 | 1.01 | 1.12 | 0.89 | 0.63 | 0.46 |
| Sundry debtors | 1.78 | 3.26 | 5.30 | 5.34 | 5.04 | 5.00 | 4.90 |
| Cash & bank balances | 0.55 | 0.56 | 0.49 | 2.15 | 6.47 | 1.01 | 1.05 |
| Loans & advances | 1.47 | 4.20 | 2.08 | 2.17 | 1.75 | 2.07 | 1.81 |
| Total current assets | 4.43 | 8.95 | 8.88 | 10.78 | 14.15 | 8.71 | 8.22 |
| Total current liabilities | 4.25 | 6.76 | 4.51 | 4.82 | 4.89 | 4.88 | 4.58 |
| Net working capital | 0.18 | 2.19 | 4.37 | 5.96 | 9.26 | 3.83 | 3.64 |
| Total assets | 24.01 | 24.34 | 29.59 | 30.09 | 34.91 | 31.11 | 33.64 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.56 | 0.49 | 2.15 | 6.47 | 1.01 | 1.05 | 0.91 |
| Net cash from operating activities | (1.09) | (0.18) | 0.97 | 2.23 | 11.59 | 6.53 | 4.83 |
| Net cash from investing activities | 4.55 | (0.21) | (3.69) | (0.62) | 0.40 | (0.70) | (0.39) |
| Net cash from financing activities | (3.47) | 0.45 | 1.07 | (5.93) | (6.54) | (5.87) | (4.30) |
| Net change in cash | (0.01) | 0.07 | (1.66) | (4.32) | 5.46 | (0.04) | 0.14 |
| Closing cash | 0.55 | 0.56 | 0.49 | 2.15 | 6.47 | 1.01 | 1.05 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -43.4% | -10.3% | -3.9% | -6.9% | +27.3% | -9.5% | - |
| EBITDA growth | -33.9% | -298.4% | -65.9% | -67.9% | +82.6% | -2.0% | - |
| PBT growth | +9998.0% | -117.7% | -302.5% | - | +9998.0% | +29.0% | - |
| Net income growth | +10.4% | -114.4% | -308.8% | -112.3% | +677.9% | +29.4% | - |
| Revenue CAGR (3Y) | -21.3% | -7.1% | +4.4% | +2.4% | +3.1% | -1.3% | +6.8% |
| EBITDA CAGR (3Y) | - | - | -41.6% | -16.9% | +10.1% | +3.7% | +11.6% |
| Profitability & leverage | |||||||
| Net income margin | +8.0% | -17.3% | -7.1% | -1.7% | +15.1% | -2.8% | -3.6% |
| Return on capital employed | -12.9% | 0.0% | 0.0% | 0.0% | +20.7% | 0.0% | 0.0% |
| Return on net worth | -95.9% | 0.0% | 0.0% | 0.0% | +125.2% | 0.0% | 0.0% |
| Debt / equity | 11.29 | 4.73 | 1.94 | 1.64 | 2.81 | 0.00 | 0.00 |
| Long-term debt / equity | 7.88 | 3.28 | 1.25 | 0.93 | 1.56 | 0.00 | 0.00 |
| Interest cover | -25.04 | -27.89 | -78.85 | 447.50 | 25.78 | 150.34 | 161.07 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.33 | 0.59 | 0.68 | 0.73 | 0.77 | 0.59 | 0.66 |
| Inventory turnover | 29.44 | 41.84 | 42.50 | 46.88 | 66.59 | 72.95 | 122.03 |
| Debtors turnover | 9.11 | 9.48 | 8.51 | 9.08 | 10.08 | 8.03 | 9.63 |
| EPS (₹) | 3.64 | (13.89) | (6.41) | (1.65) | 15.88 | (2.28) | (3.26) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | (12.11) | (15.88) | (1.98) | (1.94) | 0.03 | (15.84) | (13.61) |
To see the full year-wise statements and ratios of National Oxygen Limited, buy the company report.
Board of directors of National Oxygen Limited
National Oxygen has 5 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Kumar Saraf Also directs: Eca Gases LLP, Pondicherry Agro Foods Private Limited, Approch Marketing Private Ltd and 1 more | Managing Director | 30 Nov 1992 | 33 Years 11 Months | Current |
| Shanmugavadivel Siva | Director | 10 Feb 2017 | 9 Years 8 Months | Current |
| Amit Kumar Agarwal | Director | 16 Mar 2020 | 6 Years 7 Months | Current |
| Sarita Saraf Also directs: Eca Gases LLP, Pondicherry Agro Foods Private Limited, Saraf Housing Development Private Limited and 1 more | Director | 10 Feb 2018 | 8 Years 8 Months | Current |
| Mona Milan Parekh Also directs: Horizon Health Tourism Private Limited | Director | 26 May 2018 | 8 Years 5 Months | Current |
Auditor
National Oxygen Limited is audited by PSDY & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PSDY & ASSOCIATES | FY 2023 | 010625S |
Shareholding
Shareholding for the quarter ended Mar 2026: promoters hold 69.60%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 30.40%.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | |
|---|---|---|---|---|
| Promoters | 69.60% | 70.20% | 71.20% | 71.30% |
| Public | 30.40% | 29.80% | 28.80% | 28.70% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Sep 2023 | 100799326 | Hdfc Bank Limited | ₹33.46 Lakh | Open | |
| 30 Aug 2023 | 100809780 | Hdfc Bank Limited | ₹2.07 Cr | Open | |
| 08 Sep 2022 | 100613211 | Hdfc Bank Limited | ₹24.96 Cr | Open | |
| 31 Oct 2020 | 100413389 | Hdfc Bank Limited | ₹59.91 Lakh | Open | |
| 16 Mar 2022 | 100553699 | Others | ₹20.5 Cr | Satisfied |
To see the full charge records of National Oxygen Limited, buy the company report.
Total charge records: 12 View all charges
Deals & funding
National Oxygen Limited has 20 deals on record (19 market trades, 1 funding round), with disclosed funding of ₹12 Cr; the latest was in June 2026.
Deals on record (5 of 20)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2026 | Market trade | ₹27.7 Lakh | Buyer: an individual Seller: an individual |
| Mar 2021 | Funding round | ₹12 Cr | Investors: Saraf Housing Development Private Limited |
| Apr 2011 | Market trade | ₹66 Lakh | Buyer: NBN Fintrade Private Limited Seller: NBN Fintrade Private Limited |
| Apr 2010 | Market trade | ₹44.6 Lakh | Buyer: BDS Share Brokers Private Limited , an individual Seller: BDS Share Brokers Private Limited |
| Jul 2009 | Market trade | ₹23.6 Lakh | Buyer: Vinod Shares Limited Seller: Vinod Shares Limited |
To see the full deal history of National Oxygen 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
National Oxygen Limited has 52 court cases on record: 30 filed by National Oxygen, 22 filed against it. 10 cases are pending and 42 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 40 | 15 | 7 |
| District courts | 10 | 7 | 3 |
| Supreme Court | 2 | 0 | 0 |
Cases on record (5 of 52)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Writ petition | Filed by the company against Tamil Nadu Power Distribution Corporation Ltd., | Pending |
| District court, Chennai, Tamil Nadu | Civil suit | Filed by the company against Cauvery Power Trading Chennai Pvt Ltd, | Disposed |
| High Court, TAMIL NADU | Appeal | Filed by the company against M/S. Futura Polyesters Ltd | Disposed |
| High Court, TAMIL NADU | Civil suit | Filed by the company against M/S. Futura Polyesters Ltd | Disposed |
| High Court, TAMIL NADU | Original application | Filed by the company against M/S. Futura Polyesters Ltd | Disposed |
To see the full case history of National Oxygen 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for National Oxygen Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
National Oxygen Limited has a workforce of 102 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
No GST registration is on our record for National Oxygen Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
National Oxygen Limited has 20 board changes on record since 1992: 7 appointments and 13 cessations. The latest: Shanmugavadivel Siva ceased to be Director on 27 Aug 2022.
33 earlier events are in the company report.
News
Frequently asked questions
National Oxygen is an active public limited company based in Chennai, Tamil Nadu, India. The company works in industrial and specialty gases, within the chemicals and materials industry. It was incorporated on 23 December 1974 (52+ years old) and is registered under CIN L24111TN1974PLC006819. Listed on BSE: 507813.
National Oxygen reported revenue of ₹22.96 Cr for FY 2025-26 (down 43.4% YoY) based on standalone financials.
National Oxygen has 5 current directors:
- Rajesh Kumar Saraf - Managing Director
- Shanmugavadivel Siva - Director
- Amit Kumar Agarwal - Director
- Sarita Saraf - Director
- Mona Milan Parekh - Director
The latest financial statements of National Oxygen on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 24 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of National Oxygen is L24111TN1974PLC006819. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. National Oxygen is a listed company as per MCA records. Its shares are listed on BSE (code: 507813).
National Oxygen has 52 court cases on record: 30 filed by the company and 22 filed against it. 10 are pending. Most are in the high courts.
National Oxygen was incorporated on 23 December 1974, making it 52+ years old. It is registered with the Registrar of Companies, Chennai.
National Oxygen has 20 deals on record (19 market trades, 1 funding round), with disclosed funding of ₹12 Cr; the latest was in June 2026.
Shanmugavadivel Siva ceased to be Director on 27 Aug 2022. Raghavan Gopalaswami ceased to be Company Secretary on 01 Oct 2020. Amit Kumar Agarwal ceased to be Additional Director on 19 Sep 2020. National Oxygen has 20 board changes on record in total.

