About Neelachal Ispat Nigam Ltd
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Neelachal Ispat Nigam Ltd is a public limited company based in Bhubaneswar, Odisha, India, a subsidiary of Tata Steel Long Products Limited. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 27 March 1982 and has been in existence for over 44 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U27109OR1982PLC001050. Its GSTIN is 21AAACN9433B1Z0 (Odisha). The company holds 8 GST registrations, of which 7 are active.
The company has an authorised share capital of ₹12,200 Cr and a paid-up capital of ₹5,926.26 Cr. It is led by directors including Padmapal (Managing Director) and Koushik Chatterjee.
Its last annual general meeting (AGM) was held on 02 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Bhubaneswar, Odisha.
As per the financials filed for FY 2026, the company reported a revenue of ₹5,411.68 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net profit of ₹1,143.81 Cr (net margin 21.1%) and EBITDA of ₹1,209.33 Cr (EBITDA margin 22.3%). Revenue has grown at a compounded annual rate (CAGR) of 47% over three years and 182% over five years.
The company has about 1,306 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Neelachal Ispat Nigam. As per MCA filings, the company has open charges of ₹1,265.55 Cr and satisfied charges of ₹6,753.24 Cr on record. Court records list 100 cases involving the company, including 28 filed by the company and 72 filed against it; 27 cases are pending. The company has 23 deals on record (15 secondary share transfers, 5 funding rounds, 3 rights issues), with disclosed funding of ₹8,610.95 Cr; the latest was in March 2024. The company has 8 MSME Form 1 returns on record between 2022 and 2024, listing 814 overdue payments to 266 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 ninl.in.
Company details
CIN history
Neelachal Ispat Nigam has one previous CIN (Corporate Identification Number): U27109OR1982GOI001050. The current CIN is U27109OR1982PLC001050, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27109OR1982PLC001050 | Current |
| U27109OR1982GOI001050 | Previous |
Contact details
Neelachal Ispat Nigam Ltd's registered office is in Bhubaneswar, Odisha. Its website is ninl.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSamabaya Bhawan, 4th Floor Unit 9 Janpath, Bhubaneswar, Odisha, India – 751022
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Neelachal Ispat Nigam 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
Brands
Neelachal Ispat Nigam operates one associated brand: Neelachal Ispat Nigam. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of iron and steel products | ninl.in |
Business activity
The main business activity of Neelachal Ispat Nigam is manufacturing. In detail, this covers manufacture of fabricated metal products, except machinery and equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 25 | Manufacture of fabricated metal products, except machinery and equipment |
To see the full business activity and turnover split of Neelachal Ispat Nigam Ltd, buy the company report.
Financials of Neelachal Ispat Nigam Ltd
FY 2026 filings availableNeelachal Ispat Nigam Ltd reported revenue of ₹5,411.68 Cr (down 6% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue fell 6% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 182%. EBITDA rose 7% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹5,411.68 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1,209.33 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1,143.81 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 22.3% | ||||
| Net Profit Margin | 21.1% | ||||
| 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 Neelachal Ispat Nigam Ltd, buy the company report.
Board of directors of Neelachal Ispat Nigam Ltd
Neelachal Ispat Nigam has 8 current directors and 79 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Koushik Chatterjee Also directs: Tata Steel Limited, Tata Steel Foundation | Director | 04 Jul 2022 | 4 Years 4 Months | Current |
| Srikumar Menon Also directs: Goodricke Group Limited, International Combustion (India) Ltd, Etrans Solutions Private Limited and 1 more | Director | 04 Jul 2022 | 4 Years 4 Months | Current |
| Ansuman Das | Director | 04 Jul 2022 | 4 Years 4 Months | Current |
| Uttam Singh | Additional Director | 23 Apr 2025 | 1 Years 6 Months | Current |
| Narendran Viswanath Thachat | Director | 04 Jul 2022 | 4 Years 4 Months | Current |
| Ashish Anupam | Director | 04 Jul 2022 | 4 Years 4 Months | Current |
Auditor
Neelachal Ispat Nigam Ltd is audited by Price Waterhouse & Co Chartered Accountants LLP for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse & Co Chartered Accountants LLP | FY 2026 | 304026E/E-300009 |
Shareholding
The shareholding of Neelachal Ispat Nigam Ltd is on record for 5 financial years, the latest being FY 2026, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Neelachal Ispat Nigam Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Nov 2025 | 101201669 | Hdfc Bank Limited | ₹500 Cr | Open | |
| 06 Jul 2022 | 100596176 | Axis Bank Limited | ₹510 Cr | Open | |
| 18 Sep 2002 | 90080029 | Industrial Developmeant Bank of India | ₹75 Cr | Open | |
| 27 Mar 2002 | 90079976 | Ifci Limited | ₹26 Cr | Open | |
| 12 Oct 1999 | 90079690 | Liffe Insurande Corporation of India | ₹15 Cr | Open |
To see the full charge records of Neelachal Ispat Nigam Ltd, buy the company report.
Total charge records: 48 View all charges
Deals & funding
Neelachal Ispat Nigam Ltd has 23 deals on record (15 secondary share transfers, 5 funding rounds, 3 rights issues), with disclosed funding of ₹8,610.95 Cr; the latest was in March 2024.
Deals on record (5 of 23)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Tata Steel Limited Seller: General Insurance Corporation of India |
| Dec 2023 | Secondary share transfer | Undisclosed | Buyer: Tata Steel Limited Seller: Canara Bank |
| Nov 2023 | Secondary share transfer | Undisclosed | Buyer: Tata Steel Limited Seller: Tata Steel Long Products Limited |
| Oct 2023 | Secondary share transfer | Undisclosed | Buyer: Tata Steel Limited Seller: State Bank of India |
| Sep 2023 | Secondary share transfer | Undisclosed | Buyer: Tata Steel Limited Seller: IDBI Bank Limited |
To see the full deal history of Neelachal Ispat Nigam 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
Neelachal Ispat Nigam Ltd has 100 court cases on record: 28 filed by Neelachal Ispat Nigam, 72 filed against it. 27 cases are pending and 73 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 74 | 52 | 22 |
| District courts | 23 | 17 | 5 |
| Supreme Court | 2 | 2 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 100)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Orissa | Arbitration matter | Filed against the company by M/S Ion Exchange (India) Ltd., Mumbai | Pending |
| District court, Khurda, Odisha | Court case (EXECUITION CASES) | Filed against the company by M/S Goyal MG Gases Private Limited | Pending |
| High Court of Orissa | Writ petition | Filed against the company by M/S. RJ Logistic Pvt. Ltd., Keonjhar | Pending |
| High Court, ORISSA | Court case (RVWPET) | Filed against the company by M/S Kalinga Commercial Corporation Ltd. | Pending |
| District court, Khurda, Odisha | Arbitration matter | Filed against the company by Goyal MG Gases Pvt. Ltd | Pending |
To see the full case history of Neelachal Ispat Nigam 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
Neelachal Ispat Nigam Ltd was last rated by Care on 28 Mar 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 28 Mar 2022 |
To see the full credit ratings and regulatory alerts of Neelachal Ispat Nigam Ltd, buy the company report.
MSME payment delays
Neelachal Ispat Nigam Ltd has 8 MSME Form 1 returns on record between 2022 and 2024, listing 814 overdue payments to 266 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 266)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Veljan Hydrair Limited | |||
| Manishri Refractories and Ceramics Private Limited | |||
| Engineering Services International | |||
| an individual supplier | |||
| Murugappa Water Technology and Solutions Private Limited |
To see the full MSME payment records of Neelachal Ispat Nigam Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Neelachal Ispat Nigam Ltd has a workforce of 1,306 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 1,306 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 | |
| FY 2014-15 |
To see the full employee and EPFO history of Neelachal Ispat Nigam Ltd, buy the company report.
GST
Neelachal Ispat Nigam has 8 GST registrations: 7 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAACN9433B1Z0 | Odisha | Active | 01 Jul 2017 |
| 21AAACN9433B1D9 | Odisha | Active | 06 Oct 2018 |
| 21AAACN9433B2ZZ | Odisha | Active | 14 Feb 2025 |
| 27AAACN9433B1ZO | Maharashtra | Active | 08 Oct 2022 |
To see the full GST registrations and return filing status of Neelachal Ispat Nigam Ltd, buy the company report.
Recent activity
Neelachal Ispat Nigam Ltd has 83 board changes on record since 2007: 9 appointments and 74 cessations. The latest: Padmapal was appointed as Managing Director on 15 Nov 2025.
178 earlier events are in the company report.
News
Frequently asked questions
Neelachal Ispat Nigam is an active public limited company based in Bhubaneswar, Odisha, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 27 March 1982 (44+ years old) and is registered under CIN U27109OR1982PLC001050.
Neelachal Ispat Nigam has 8 current directors:
- Padmapal - Managing Director
- Koushik Chatterjee - Director
- Srikumar Menon - Director
- Ansuman Das - Director
- Uttam Singh - Additional Director
- Narendran Viswanath Thachat - Director
- Ashish Anupam - Director
- Atrayee Sanyal - Director
The latest financial statements of Neelachal Ispat Nigam on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 02 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Neelachal Ispat Nigam is 21AAACN9433B1Z0, registered in Odisha. The company has 8 GST registrations in all, of which 7 are active and 1 is cancelled or inactive. Other active GSTINs include 21AAACN9433B1D9 (Odisha), 21AAACN9433B2ZZ (Odisha), 27AAACN9433B1ZO (Maharashtra).
The CIN (Corporate Identification Number) of Neelachal Ispat Nigam is U27109OR1982PLC001050. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Neelachal Ispat Nigam has 100 court cases on record: 28 filed by the company and 72 filed against it. 27 are pending. Most are in the high courts.
Neelachal Ispat Nigam was incorporated on 27 March 1982, making it 44+ years old. It is registered with the Registrar of Companies, Cuttack.
Neelachal Ispat Nigam has 23 deals on record (15 secondary share transfers, 5 funding rounds, 3 rights issues), with disclosed funding of ₹8,610.95 Cr; the latest was in March 2024.
Padmapal was appointed as Managing Director on 15 Nov 2025. Uttam Singh was appointed as Additional Director on 23 Apr 2025. Sanjib Kumar Ghose ceased to be CFO on 28 Feb 2025. Neelachal Ispat Nigam has 83 board changes on record in total.
Neelachal Ispat Nigam has 8 MSME Form 1 returns on record between 2022 and 2024, listing 814 overdue payments to 266 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Neelachal Ispat Nigam can be reached through the website ninl.in. Its registered office is in Bhubaneswar, Odisha, India.
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