About Nilachal Refractories Limited
Data last updated: 14 July 2026
Nilachal Refractories Limited is a public limited company based in Bhubaneswar, Orissa, India. It specialises in construction materials, a part of the broader manufacturing sector. Incorporated on 30 June 1977, the company has been in operation for over 49 years.
Registered with ROC Cuttack under CIN L26939OR1977PLC000735. Listed on BSE: 502294.
Capital: an authorised share capital of ₹49 Cr and a paid-up capital of ₹48.73 Cr. Formerly known as Ipibel Refractories Limited and Ipitata Refractories Limited. It is led by directors including Pradip Kumar Mohapatra and Bindu Jain.
Last AGM: 25 September 2025. Financial statements filed for year ended 31 March 2025. Office: P – 598/599 Kedarnath Apartment Mahabir Nagar Lewis Road, Bhubaneswar, Orissa, India – 751002.
As per BSE-filed standalone financials for FY 2026, the company reported a revenue of ₹1.58 Cr, a growth of 67.39% compared to the previous year. Total assets are valued at ₹14.62 Cr (down 23.8% YoY).
The company is associated with 1 brand - Nilachal Refractories. As per MCA filings, the company has satisfied charges of ₹13.15 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nilachal.in.
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Registered AddressP – 598/599 Kedarnath Apartment Mahabir Nagar Lewis Road, Bhubaneswar, Orissa, India – 751002
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IndustryManufacturing, Construction Materials
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
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Name History of Nilachal Refractories Limited
Nilachal Refractories Limited has undergone 2 name changes throughout its history. The company was previously known as Ipibel Refractories Limited, and Ipitata Refractories Limited. The current legal name is Nilachal Refractories Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Nilachal Refractories Limited | Current |
| Ipibel Refractories Limited | Previous |
| Ipitata Refractories Limited | Previous |
CIN History of Nilachal Refractories Limited
Nilachal Refractories Limited has one previous CIN (Corporate Identification Number): U26939OR1977PLC000735. The current CIN is L26939OR1977PLC000735, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L26939OR1977PLC000735 | Current |
| U26939OR1977PLC000735 | Previous |
Associated Brands with Nilachal Refractories Limited
Nilachal Refractories Limited operates one associated brand: Nilachal Refractories. These brands represent Nilachal Refractories Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Refractory design, consulting, and installation services are provided. | nilachal.in |
Business Activity of Nilachal Refractories Limited
Nilachal Refractories Limited is engaged in the principal business activity of manufacturing, with detailed activities including other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | Locked |
Business activity turnover details for Nilachal Refractories Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
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Auditor Details of Nilachal Refractories Limited
Nilachal Refractories Limited is audited by JAIN SARAOGI & CO (ICAI peer reviewed, certificate valid till 2026-05-31) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| JAIN SARAOGI & CO (ICAI peer reviewed, certificate valid till 2026-05-31) | FY 2026 | Statement on impact of audit qualification |
Board of Directors of Nilachal Refractories Limited
Nilachal Refractories Limited is currently managed by 6 directors, with 27 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pradip Kumar Mohapatra | Director | 14 Feb 2018 | 8 Years 6 Months | Current |
| Bindu Jain | Director | 25 Mar 2015 | 11 Years 4 Months | Current |
|
Sundaresan Radhakrishnan
Also directs:
Imperium Energy Utility Services Llp, Sunshine Elevation Llp, Sunshine Elite Llp and 5 more
|
Director | 25 Nov 2014 | 11 Years 8 Months | Current |
| Vimal Prakash | Director | 06 May 2006 | 20 Years 3 Months | Current |
|
Niraj Jalan
Also directs:
Likewise Properties Llp, Ganpati- Rv- Talleres Alegria Track Llp, Emami Paper Mills Limited and 5 more
|
Director | 06 May 2006 | 20 Years 3 Months | Current |
| Vinay Agarwal | Director | 23 Jul 2020 | 6 Years 0 Months | Current |
Financials of Nilachal Refractories Limited FY 2026 filings available
Nilachal Refractories Limited reported revenue of ₹1.58 Cr (up 67.39% YoY) for FY 2026.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹1.58 Cr | ₹94.52 Lakh | ₹1.29 Cr | ₹1.06 Cr | ₹1.98 Cr | ₹1.79 Cr | ₹1.53 Cr | ₹1.91 Cr |
| Other Income | ₹79.77 Lakh | ₹11.93 Lakh | ₹1.86 Cr | ₹3.36 Lakh | ₹3.64 Lakh | ₹1.84 Lakh | ₹89.43 Lakh | ₹1.68 Cr |
| Total Income | ₹2.38 Cr | ₹1.06 Cr | ₹3.15 Cr | ₹1.09 Cr | ₹2.02 Cr | ₹1.81 Cr | ₹2.42 Cr | ₹3.6 Cr |
| Cost of Materials Consumed | ₹31.12 Lakh | ₹21.36 Lakh | ₹27.56 Lakh | ₹36.3 Lakh | ₹35.13 Lakh | ₹68.76 Lakh | ₹43.75 Lakh | ₹21.47 Lakh |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹73.53 Lakh | ₹15.6 Lakh | ₹47.51 Lakh | ₹16.96 Lakh | ₹49.96 Lakh | ₹67.76 Lakh | ₹1.02 Cr | ₹2.79 Cr |
| Employee Benefit Expense | ₹28.18 Lakh | ₹21.58 Lakh | ₹20.51 Lakh | ₹19.83 Lakh | ₹20.2 Lakh | ₹18.36 Lakh | ₹17.53 Lakh | ₹21.19 Lakh |
| Finance Costs | ₹37.29 Lakh | ₹22.39 Lakh | ₹38.52 Lakh | ₹0 | ₹0 | ₹26.99 Lakh | ₹51.87 Lakh | ₹0 |
| Depreciation & Amortisation | ₹54.84 Lakh | ₹54.33 Lakh | ₹56.48 Lakh | ₹65.23 Lakh | ₹68.54 Lakh | ₹69.31 Lakh | ₹70.26 Lakh | ₹70.11 Lakh |
| Other Expenses | ₹5.06 Cr | ₹21.82 Cr | ₹2.44 Cr | ₹1.61 Cr | ₹1.57 Cr | ₹1.41 Cr | ₹1.63 Cr | ₹1.32 Cr |
| Total Expenses | ₹7.31 Cr | ₹23.17 Cr | ₹4.35 Cr | ₹3 Cr | ₹3.31 Cr | ₹3.92 Cr | ₹4.49 Cr | ₹5.24 Cr |
| Profit Before Exceptional Items & Tax | -₹4.93 Cr | -₹22.1 Cr | -₹1.2 Cr | -₹1.9 Cr | -₹1.29 Cr | -₹2.12 Cr | -₹2.07 Cr | -₹1.64 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | -₹4.93 Cr | -₹22.1 Cr | -₹1.2 Cr | -₹1.9 Cr | -₹1.29 Cr | -₹2.12 Cr | -₹2.07 Cr | -₹1.64 Cr |
| Total Tax Expense | -₹7.39 Lakh | -₹8.68 Lakh | ₹5.3 Cr | -₹10.88 Lakh | ₹37.07 Lakh | ₹43.18 Lakh | -₹58.17 Lakh | ₹83,000 |
| Net Profit | -₹4.85 Cr | -₹22.02 Cr | -₹6.5 Cr | -₹1.79 Cr | -₹1.66 Cr | -₹2.55 Cr | -₹1.48 Cr | -₹1.65 Cr |
| Other Comprehensive Income | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | -₹4.85 Cr | -₹22.02 Cr | -₹6.5 Cr | -₹1.79 Cr | -₹1.66 Cr | -₹2.55 Cr | -₹1.48 Cr | -₹1.65 Cr |
| EBITDA (computed) | -₹4.01 Cr | -₹21.34 Cr | -₹25.15 Lakh | -₹1.25 Cr | -₹60.34 Lakh | -₹1.16 Cr | -₹84.46 Lakh | -₹94.15 Lakh |
| Basic EPS | ₹-2.38 | ₹-10.81 | ₹-3.19 | ₹-0.88 | ₹-0.82 | ₹-1.25 | ₹-0.73 | ₹-0.81 |
| Diluted EPS | ₹-2.38 | ₹-10.81 | ₹-3.19 | ₹-0.88 | ₹-0.82 | ₹-1.25 | ₹-0.73 | ₹-0.81 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹14.62 Cr | ₹19.19 Cr | ₹40.54 Cr | ₹49.95 Cr | ₹50.8 Cr | ₹51.77 Cr | ₹53.77 Cr | ₹55.02 Cr |
| Non-current Assets | ₹10.88 Cr | ₹14.71 Cr | ₹35.61 Cr | ₹41.25 Cr | ₹41.79 Cr | ₹42.84 Cr | ₹43.96 Cr | ₹44.11 Cr |
| Current Assets | ₹3.74 Cr | ₹4.48 Cr | ₹4.93 Cr | ₹8.7 Cr | ₹9 Cr | ₹8.92 Cr | ₹9.81 Cr | ₹10.92 Cr |
| Property, Plant & Equipment | ₹4.5 Cr | ₹5.05 Cr | ₹3.78 Cr | ₹4.35 Cr | ₹5 Cr | ₹5.68 Cr | ₹6.37 Cr | ₹7.07 Cr |
| Inventories | ₹3.38 Cr | ₹4.13 Cr | ₹4.39 Cr | ₹4.96 Cr | ₹5.68 Cr | ₹6.23 Cr | ₹6.83 Cr | ₹7.93 Cr |
| Trade Receivables | ₹5.72 Lakh | ₹7.35 Lakh | ₹28.26 Lakh | ₹3.23 Cr | ₹2.6 Cr | ₹2.06 Cr | ₹2.37 Cr | ₹2.22 Cr |
| Cash & Equivalents | ₹1.94 Lakh | ₹5.2 Lakh | ₹2.3 Lakh | ₹3.3 Lakh | ₹16.7 Lakh | ₹1.99 Lakh | ₹2.48 Lakh | ₹20.5 Lakh |
| Equity (Net Worth) | -₹32.79 Cr | -₹27.94 Cr | -₹5.92 Cr | ₹57.53 Lakh | ₹2.37 Cr | ₹4.03 Cr | ₹6.58 Cr | ₹8.07 Cr |
| Equity Share Capital | ₹20.36 Cr | ₹20.36 Cr | ₹20.36 Cr | ₹20.36 Cr | ₹20.36 Cr | ₹20.36 Cr | ₹20.36 Cr | ₹20.36 Cr |
| Borrowings (Non-current) | ₹29.84 Cr | ₹29.83 Cr | ₹28.37 Cr | ₹28.37 Cr | ₹0 | ₹0 | ₹0 | ₹0 |
| Borrowings (Current) | ₹16.11 Cr | ₹14.73 Cr | ₹14.78 Cr | ₹14.22 Cr | ₹14.09 Cr | ₹14.3 Cr | ₹14.03 Cr | ₹14.06 Cr |
| Total Debt (computed) | ₹45.94 Cr | ₹44.55 Cr | ₹43.15 Cr | ₹42.59 Cr | ₹14.09 Cr | ₹14.3 Cr | ₹14.03 Cr | ₹14.06 Cr |
| Current Liabilities | ₹17.39 Cr | ₹17.05 Cr | ₹17.76 Cr | ₹20.81 Cr | ₹19.86 Cr | ₹19.2 Cr | ₹18.66 Cr | ₹18.43 Cr |
| Total Liabilities | ₹47.42 Cr | ₹47.13 Cr | ₹46.46 Cr | ₹49.37 Cr | ₹48.43 Cr | ₹47.74 Cr | ₹47.19 Cr | ₹46.96 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | -₹1.4 Cr | -₹1.15 Cr | -₹33.48 Lakh | -₹28.51 Lakh | ₹34.7 Lakh |
| Investing Cash Flow | ₹35.68 Lakh | ₹1.59 Cr | ₹10.41 Lakh | ₹3.92 Lakh | ₹62,000 |
| Financing Cash Flow | ₹1.02 Cr | -₹40.72 Lakh | ₹17.47 Lakh | -₹13 Lakh | ₹21.5 Lakh |
| Capital Expenditure | -₹13,000 | ₹22.46 Lakh | ₹0 | -₹11,000 | ₹0 |
| Free Cash Flow (computed) | -₹1.4 Cr | -₹1.38 Cr | -₹33.48 Lakh | -₹28.62 Lakh | ₹34.7 Lakh |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | -₹3.03 Lakh | ₹2.9 Lakh | -₹5.6 Lakh | -₹37.59 Lakh | ₹56.82 Lakh |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹48.85 Lakh | ₹44.84 Lakh | ₹44.57 Lakh | ₹19.96 Lakh | ₹36.05 Lakh | ₹28.63 Lakh | ₹13.94 Lakh | ₹15.89 Lakh |
| Other Income | ₹30.35 Lakh | ₹31.28 Lakh | ₹16.59 Lakh | ₹1.56 Lakh | ₹9.96 Lakh | ₹37,000 | ₹33,000 | ₹1.57 Lakh |
| Total Income | ₹79.2 Lakh | ₹76.12 Lakh | ₹61.16 Lakh | ₹21.52 Lakh | ₹46.01 Lakh | ₹29 Lakh | ₹14.27 Lakh | ₹17.46 Lakh |
| Cost of Materials Consumed | ₹8.47 Lakh | ₹9.63 Lakh | ₹8.37 Lakh | ₹4.64 Lakh | ₹8.96 Lakh | ₹3.25 Lakh | ₹5.09 Lakh | ₹4.06 Lakh |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹24.63 Lakh | ₹15.42 Lakh | ₹34.08 Lakh | -₹61,000 | -₹1.13 Lakh | ₹5.75 Lakh | ₹4.85 Lakh | ₹6.13 Lakh |
| Employee Benefit Expense | ₹11.37 Lakh | ₹6.21 Lakh | ₹5.48 Lakh | ₹5.12 Lakh | ₹6.98 Lakh | ₹4.37 Lakh | ₹4.84 Lakh | ₹5.39 Lakh |
| Finance Costs | ₹6.5 Lakh | ₹12.13 Lakh | ₹9.34 Lakh | ₹9.32 Lakh | ₹5.77 Lakh | ₹5.6 Lakh | ₹5.37 Lakh | ₹5.65 Lakh |
| Depreciation & Amortisation | ₹13.71 Lakh | ₹13.71 Lakh | ₹13.71 Lakh | ₹13.7 Lakh | ₹12.39 Lakh | ₹13.98 Lakh | ₹13.98 Lakh | ₹13.98 Lakh |
| Other Expenses | ₹58.15 Lakh | ₹3.72 Cr | ₹44.13 Lakh | ₹31.43 Lakh | ₹20.11 Cr | ₹27.93 Lakh | ₹23.68 Lakh | ₹1.19 Cr |
| Total Expenses | ₹1.23 Cr | ₹4.29 Cr | ₹1.15 Cr | ₹63.6 Lakh | ₹20.44 Cr | ₹60.88 Lakh | ₹57.81 Lakh | ₹1.54 Cr |
| Profit Before Exceptional Items & Tax | -₹43.63 Lakh | -₹3.53 Cr | -₹53.95 Lakh | -₹42.08 Lakh | -₹19.98 Cr | -₹31.88 Lakh | -₹43.54 Lakh | -₹1.36 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | -₹43.63 Lakh | -₹3.53 Cr | -₹53.95 Lakh | -₹42.08 Lakh | -₹19.98 Cr | -₹31.88 Lakh | -₹43.54 Lakh | -₹1.36 Cr |
| Total Tax Expense | -₹7.39 Lakh | ₹0 | ₹0 | ₹0 | -₹5.05 Lakh | ₹0 | ₹0 | -₹3.63 Lakh |
| Net Profit | -₹36.24 Lakh | -₹3.53 Cr | -₹53.95 Lakh | -₹42.08 Lakh | -₹19.93 Cr | -₹31.88 Lakh | -₹43.54 Lakh | -₹1.33 Cr |
| Other Comprehensive Income | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | -₹36.24 Lakh | -₹3.53 Cr | -₹53.95 Lakh | -₹42.08 Lakh | -₹19.93 Cr | -₹31.88 Lakh | -₹43.54 Lakh | -₹1.33 Cr |
| EBITDA (computed) | -₹23.42 Lakh | -₹3.27 Cr | -₹30.9 Lakh | -₹19.06 Lakh | -₹19.8 Cr | -₹12.3 Lakh | -₹24.19 Lakh | -₹1.17 Cr |
| Basic EPS | ₹-0.18 | ₹-1.73 | ₹-0.27 | ₹-0.21 | ₹-9.79 | ₹-0.16 | ₹-0.21 | ₹-0.65 |
| Diluted EPS | ₹-0.18 | ₹-1.73 | ₹-0.27 | ₹-0.21 | ₹-9.79 | ₹-0.16 | ₹-0.21 | ₹-0.65 |
Shareholding Pattern of Nilachal Refractories Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 70.61%, retail and other public shareholders hold 29.39% of Nilachal Refractories Limited. The company had 4,616 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 70.61% | 70.61% | 70.61% | 70.61% | 70.61% | 70.61% |
| Public | 29.39% | 29.39% | 29.39% | 29.39% | 29.39% | 29.39% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 70.61% | 70.61% | 68.16% |
| Public | 29.39% | 29.39% | 29.39% |
| Promoter change (YoY, %pts) | +0.00 | +2.45 | - |
Charges & Borrowings of Nilachal Refractories Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Jun 2011 | Canara Bank | ₹8.4 Lakh | Satisfied |
| 16 Jul 2010 | Canara Bank | ₹7 Lakh | Satisfied |
| 28 Jun 2006 | Canara Bank | ₹13 Cr | Satisfied |
Total charge records: 3 View all charges
Employees and EPFO Compliance at Nilachal Refractories Limited
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Employee and EPFO history for Nilachal Refractories Limited
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GST Compliance of Nilachal Refractories Limited
GST registrations and filing compliance for Nilachal Refractories Limited
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Credit Ratings, Litigation & Regulatory Alerts for Nilachal Refractories Limited
Credit ratings, litigation, and regulatory alerts for Nilachal Refractories Limited
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MSME Payment Delays by Nilachal Refractories Limited
MSME payment history for Nilachal Refractories Limited
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Subsidiaries & Group Companies of Nilachal Refractories Limited
Corporate group structure for Nilachal Refractories Limited
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MCA Filings & Documents of Nilachal Refractories Limited
MCA filings and documents for Nilachal Refractories Limited
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Recent Activity on Nilachal Refractories Limited
Recent News on Nilachal Refractories Limited
Frequently Asked Questions about Nilachal Refractories Limited
Nilachal Refractories Limited is an active public limited company in the manufacturing sector based in Bhubaneswar, Orissa, India. It was incorporated on 30 June 1977 (49+ years old) and is registered under CIN L26939OR1977PLC000735. Listed on BSE: 502294.
Nilachal Refractories Limited reported revenue of ₹1.58 Cr for FY 2026 (up 67.39% YoY) based on standalone BSE filings.
The current directors of Nilachal Refractories Limited are:
- Pradip Kumar Mohapatra - Director
- Bindu Jain - Director
- Sundaresan Radhakrishnan - Director
- Vimal Prakash - Director
- Niraj Jalan - Director
- Vinay Agarwal - Director
The primary industry of Nilachal Refractories Limited is manufacturing. The company specifically operates in construction materials. The company is currently active in this sector.
Yes. Nilachal Refractories Limited is listed on BSE with code 502294.
Nilachal Refractories Limited can be reached at the registered office: P – 598599 Kedarnath Apartment Mahabir Nagar Lewis Road, Bhubaneswar, Orissa, India – 751002, or through the website nilachal.in.