About Nilachal Iron & Power Limited
Data last updated:
Nilachal Iron & Power Limited was a public limited company based in Kolkata, West Bengal, India, operated as a subsidiary of S M Niryat Private 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 metal manufacturing and processing segment of the metals and mining sector. It was incorporated on 06 May 2002.
The company was registered with the Registrar of Companies (ROC), Kolkata, under CIN U27100WB2002PLC094612. Its GSTIN is 20AABCN5428K1ZN (Jharkhand). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹35.5 Cr and a paid-up capital of ₹34.95 Cr. It was formerly known as Neelachal Iron & Power Limited. It was led by directors including Deep Chand Lamba (Whole-Time Director) and Ganga Dhar Bajpai.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at 403 Sagar Trade Cube 104 S. P. Mukherjee Road, Kolkata, West Bengal, India – 700026.
As per the financials filed for FY 2023, the company reported a revenue of ₹1,224.77 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹23.44 Cr (net margin 1.9%) and EBITDA of ₹53.85 Cr (EBITDA margin 4.4%). Revenue has grown at a compounded annual rate (CAGR) of 62% over three years and 43% over five years.
The company had about 598 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹432.76 Cr on record. Court records list 43 cases involving the company, including 22 filed by the company and 21 filed against it; 7 cases are pending. The company has 8 deals on record (4 secondary share transfers, 2 convertible or debt financings, 1 funding round), with disclosed funding of ₹442.91 Cr; the latest was in December 2022. Its 4 peer companies in the Metals and Minerals industry (Metals), with the same principal business activity (metal and metal products) are compared by revenue, 2 larger and 2 smaller; the largest is Anjaney Ferro Alloys Ltd. with revenue of ₹1,356.74 Cr. The company has 12 MSME Form 1 returns on record between 2012 and 2020, listing 87 overdue payments to 15 micro and small suppliers.
The last known website on record is nilachal.co.in.
Company details
CIN history
Nilachal Iron & Power has one previous CIN (Corporate Identification Number): U99999WB2002PLC094612. The current CIN is U27100WB2002PLC094612, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27100WB2002PLC094612 | Current |
| U99999WB2002PLC094612 | Previous |
Contact details
Nilachal Iron & Power Limited's registered office is in Kolkata, West Bengal. Its website is nilachal.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address403 Sagar Trade Cube 104 S. P. Mukherjee Road, Kolkata, West Bengal, India – 700026
- IndustryMetals and Minerals, Metal Manufacturing & Processing
To see the full contact details of Nilachal Iron & Power 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
Business activity
The main business activity of Nilachal Iron & Power is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Nilachal Iron & Power Limited, buy the company report.
Financials of Nilachal Iron & Power Limited
FY 2023 filings availableNilachal Iron & Power Limited reported revenue of ₹1,224.77 Cr (up 586% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 43% over five years, including 586% growth in the latest year. EBITDA rose 86% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1,224.77 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹53.85 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹23.44 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.4% | ||||
| Net Profit Margin | 1.9% | ||||
| 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 Nilachal Iron & Power Limited, buy the company report.
Board of directors of Nilachal Iron & Power Limited
Nilachal Iron & Power has 3 current directors and 30 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deep Chand Lamba | Whole-Time Director | 20 Mar 2021 | 5 Years 7 Months | As last reported |
| Ganga Dhar Bajpai | Director | 07 Jan 2022 | 4 Years 9 Months | As last reported |
| Abhay Kumar Yadav | Director | 13 Dec 2021 | 4 Years 10 Months | As last reported |
Peer comparison
Nilachal Iron & Power Limited is compared with the 4 companies closest to it by revenue in the Metals and Minerals industry (Metals), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Anjaney Ferro Alloys Ltd. | ₹1,356.74 Cr (FY 2025) | -5.0% | Kolkata, West Bengal, India | |||
| SKH Metals Limited | ₹1,338.77 Cr (FY 2025) | 11.0% | Haryana, India | |||
| Nilachal Iron & Power Limitedthis company | ₹1,224.77 Cr (FY 2023) | ₹23.44 Cr | 1.9% | 586.0% | 598 | Kolkata, West Bengal, India |
| Balasore Alloys Limited | ₹1,200.12 Cr (FY 2024) | 199.0% | Balasore, Odisha, India | |||
| Lalwani Ferro Alloys Ltd | ₹1,134.97 Cr (FY 2025) | 13.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Nilachal Iron & Power Limited, buy the company report.
Auditor
Nilachal Iron & Power Limited is audited by S K AGRAWAL & CO CHARTERED ACCOUNTANTS LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S K AGRAWAL & CO CHARTERED ACCOUNTANTS LLP | FY 2023 | 306033E |
Shareholding
The shareholding of Nilachal Iron & Power Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Nilachal Iron & Power Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 May 2014 | 10494997 | Others | ₹26.3 Cr | Satisfied | |
| 26 Feb 2014 | 10480780 | Others | ₹23.62 Cr | Satisfied | |
| 25 Sep 2013 | 10456057 | Others | ₹14.4 Cr | Satisfied | |
| 10 May 2011 | 10286109 | Others | ₹74.03 Cr | Satisfied | |
| 03 Nov 2010 | 10253090 | Axis Bank Limited | ₹30 Cr | Satisfied |
To see the full charge records of Nilachal Iron & Power Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
Nilachal Iron & Power Limited has 8 deals on record (4 secondary share transfers, 2 convertible or debt financings, 1 funding round), with disclosed funding of ₹442.91 Cr; the latest was in December 2022.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: S M Niryat Private Limited Seller: Jai Balaji Industries Limited |
| Mar 2010 | Acquisition | ₹30 Cr | Buyer: Jai Balaji Industries Limited |
| Oct 2007 | Secondary share transfer | Undisclosed | Buyer: Jai Balaji Industries Limited & Aditya Jajodia, Jai Balaji Industries Limited & Seema Jajodia, Jai Balaji Industries Limited & Shashi Devi Jajodia Seller: Raj Kumar Agarwal Huf, Hi-tech Chemicals Private Limited, Jagmag Commercial Credit Co. Private Limited, an individual |
| Aug 2007 | Secondary share transfer | Undisclosed | Buyer: Jai Balaji Industries Limited Seller: Kilburn Management Services Pvt.Ltd. , 3 individuals |
| Jul 2007 | Secondary share transfer | Undisclosed | Buyer: Jai Balaji Industries Limited Seller: Raj Kumar Agarwal Huf, 2 individuals |
To see the full deal history of Nilachal Iron & Power 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
Nilachal Iron & Power Limited has 43 court cases on record: 22 filed by Nilachal Iron & Power, 21 filed against it. 7 cases are pending and 36 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 33 | 16 | 4 |
| District courts | 5 | 2 | 3 |
| Supreme Court | 3 | 3 | 0 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 43)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Seraikella, Jharkhand | Civil miscellaneous application | Filed by the company against M/S Adhunik Alloys and Power Limited | Pending |
| Calcutta High Court | Court case (EOS) | Filed against the company by Masyc Projects Pvt Ltd | Pending |
| District court, Seraikella, Jharkhand | Appeal | Filed against the company by M/S Adhunik Alloys and Power Limited(Represented by Basant Kumar) | Pending |
| District court, Seraikella, Jharkhand | Court case (EXECUITION CASES(N)) | Filed by the company against M/S Adhunik Alloys and Power Limited | Pending |
| High Court, JHARKHAND | Writ petition | Filed by the company against Hindalco Industries Ltd Aditya Birla Center and 2 others | Disposed |
To see the full case history of Nilachal Iron & Power 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
Nilachal Iron & Power Limited has 12 MSME Form 1 returns on record between 2012 and 2020, listing 87 overdue payments to 15 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 15)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Yes Techno Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Nilachal Iron & Power Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Nilachal Iron & Power Limited has a workforce of 598 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
GST
Nilachal Iron & Power has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 20AABCN5428K1ZN | Jharkhand | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nilachal Iron & Power Limited, buy the company report.
Recent activity
Nilachal Iron & Power Limited has 28 board changes on record since 2007: 3 appointments and 25 cessations. The latest: Raj Kumar Gupta ceased to be CFO on 11 Dec 2023.
49 earlier events are in the company report.
Frequently asked questions
Nilachal Iron & Power 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.
Nilachal Iron & Power was a public limited company based in Kolkata, West Bengal, India. The company worked in metal manufacturing and processing, within the metals and minerals industry. It was incorporated on 06 May 2002 and is registered under CIN U27100WB2002PLC094612. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Nilachal Iron & Power was incorporated on 06 May 2002. It is registered with the Registrar of Companies, Kolkata.
Nilachal Iron & Power had 3 directors:
- Deep Chand Lamba - Whole-Time Director
- Ganga Dhar Bajpai - Director
- Abhay Kumar Yadav - Director
The CIN (Corporate Identification Number) of Nilachal Iron & Power is U27100WB2002PLC094612. 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 Nilachal Iron & Power is at 403 Sagar Trade Cube 104 S. P. Mukherjee Road, Kolkata, West Bengal, India – 700026.
Nilachal Iron & Power can be reached through the website nilachal.co.in. Its registered office is in Kolkata, West Bengal, India.
The latest financial statements of Nilachal Iron & Power on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Nilachal Iron & Power is 20AABCN5428K1ZN, registered in Jharkhand. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Nilachal Iron & Power operated in the metals and minerals industry, in the metal manufacturing and processing segment.
Nilachal Iron & Power has 8 deals on record (4 secondary share transfers, 2 convertible or debt financings, 1 funding round), with disclosed funding of ₹442.91 Cr; the latest was in December 2022.
The peers of Nilachal Iron & Power by revenue are Anjaney Ferro Alloys Ltd, SKH Metals Limited, Balasore Alloys Limited, Lalwani Ferro Alloys Ltd, all in the Metals and Minerals industry (Metals), with the same principal business activity (metal and metal products).