Nilachal Refractories Limited - manufacturing in Bhubaneswar, Odisha, India. FY 2026 financials & compliance.
CIN L26939OR1977PLC000735 Incorporated 30 June 1977 ROC Cuttack HQ Bhubaneswar, Odisha, India
Active Listed - BSE: 502294 Public Limited Company manufacturing MSME · Small
Data last updated
Market Cap
₹77.98 Cr
NILACHAL · BSE
Share Price
₹37.81
-1.28% today
EBITDA
−₹1.21 Cr
FY 2025-26
Net Profit
−₹1.32 Cr
FY 2025-26 · +93.7% YoY
Authorised capital
₹49 Cr
Registered with MCA
Paid-up capital
₹48.73 Cr
Issued & subscribed
Satisfied charges
₹13.15 Cr
No open charges
Company age
49 yrs
Est. 1977

About Nilachal Refractories Limited

Data last updated:

Nilachal Refractories Limited is a public limited company based in Bhubaneswar, Odisha, India. It operates in the construction materials segment of the manufacturing sector. It was incorporated on 30 June 1977 and has been in existence for over 49 years.

The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN L26939OR1977PLC000735. Its GSTIN is 21AABCN1241N1ZS (Odisha). It is a listed company as per MCA records. Its shares are listed on BSE: 502294.

The company has an authorised share capital of ₹49 Cr and a paid-up capital of ₹48.73 Cr. It was formerly known as Ipibel Refractories Limited and Ipitata Refractories Limited. It is led by directors including Pradip Kumar Mohapatra and Bindu Jain.

Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at P – 598/599 Kedarnath Apartment Mahabir Nagar Lewis Road, Bhubaneswar, Odisha, India – 751002.

The company is associated with 1 brand: Nilachal Refractories. As per MCA filings, the company has satisfied charges of ₹13.15 Cr on record. Court records list 22 cases involving the company, including 12 filed by the company and 10 filed against it; 5 cases are pending.

Nilachal Refractories Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-OD-09-0003898). 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.

Company details

CIN L26939OR1977PLC000735
Registration Number 000735
Incorporation Date 30 June 1977
ROC Cuttack
Listing Status Listed - Listed on BSE (502294)
Company Status Active
Date of Last AGM 25 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-OD-09-0003898

Name history

Nilachal Refractories 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.

Company NameStatus
Nilachal Refractories LimitedCurrent
Ipibel Refractories LimitedPrevious
Ipitata Refractories LimitedPrevious

CIN history

Nilachal Refractories has one previous CIN (Corporate Identification Number): U26939OR1977PLC000735. The current CIN is L26939OR1977PLC000735, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L26939OR1977PLC000735Current
U26939OR1977PLC000735Previous

Recognitions & Rankings of Nilachal Refractories

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-OD-09-0003898

Contact details

Nilachal Refractories Limited's registered office is in Bhubaneswar, Odisha. Its website is nilachal.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    P – 598/599 Kedarnath Apartment Mahabir Nagar Lewis Road, Bhubaneswar, Odisha, India – 751002
  • Industry
    Manufacturing, Construction Materials

To see the full contact details of Nilachal Refractories Limited, buy the company report.

Comprehensive company report
Nilachal Refractories Limited - one report that includes everything
  • 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
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Brands

Nilachal Refractories operates one associated brand: Nilachal Refractories. Each brand links to its own profile.

BrandDescriptionWebsite
Refractory design, consulting, and installation services are provided.nilachal.in

Business activity

The main business activity of Nilachal Refractories is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC13Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities

To see the full business activity and turnover split of Nilachal Refractories Limited, buy the company report.

Financials of Nilachal Refractories Limited

FY 2025-26 filings available

Nilachal Refractories Limited reported revenue of ₹- (down 100% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹0.00 Cr
-100.0% YoY
EBITDA
−₹1.21 Cr
+94.4% YoY
Profit After Tax
−₹1.32 Cr
+93.7% YoY
Net Worth
-
Total Assets
-
Total Debt
-

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue0.000.951.291.061.981.791.53
Revenue growth-100.0%-26.4%+21.7%-46.5%+10.6%+17.0%-
EBITDA(1.21)(21.46)(2.12)(1.29)(0.63)(1.17)(1.74)
EBITDA margin--2259.0%-164.3%-121.7%-31.8%-65.4%-113.7%
Profit before tax(1.31)(22.10)(1.21)(1.91)(1.28)(2.11)(2.07)
Net profit(1.32)(21.07)(6.59)(1.83)(1.65)(2.54)(1.49)
Net profit margin--2217.9%-510.9%-172.6%-83.3%-141.9%-97.4%
EPS (₹)(0.64)(10.81)(3.19)(0.88)(0.82)(1.25)(0.73)
Balance sheet
Total assets-16.8437.4543.3645.0246.8749.14
Net worth-0.4322.4528.9430.7432.4034.95
Total debt-16.1814.7814.2214.0914.3014.03
Cash & bank-0.050.020.080.210.100.15
Net working capital-2.151.942.123.214.035.18
Cash flow
Cash from operations-(1.15)(0.33)(0.30)0.33(0.06)0.39
Cash from investing-1.590.100.040.010.010.01
Cash from financing-(0.41)0.170.13(0.22)0.00(0.55)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.000.000.450.450.000.360.290.14
Revenue growth (YoY)--100.0%+55.2%+221.4%-100.0%---
Other income0.150.100.310.170.020.100.000.00
Total expenses0.450.494.030.920.2720.260.520.38
EBITDA(0.45)(0.49)(3.58)(0.47)(0.27)(19.90)(0.23)(0.24)
EBITDA margin---795.6%-104.4%--5527.8%-79.3%-171.4%
Depreciation0.020.020.140.140.020.120.140.14
Interest0.210.070.120.090.090.060.050.05
Profit before tax(0.53)(0.48)(3.53)(0.53)(0.36)(19.98)(0.42)(0.43)
Tax0.020.010.000.000.00(0.05)0.000.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 24 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.000.000.450.450.000.360.290.14
Revenue growth (YoY)--100.0%+55.2%+221.4%-100.0%---
Other income0.150.100.310.170.020.100.000.00
Total expenses0.450.494.030.920.2720.260.520.38
EBITDA(0.45)(0.49)(3.58)(0.47)(0.27)(19.90)(0.23)(0.24)
EBITDA margin---795.6%-104.4%--5527.8%-79.3%-171.4%
Depreciation0.020.020.140.140.020.120.140.14
Interest0.210.070.120.090.090.060.050.05
Profit before tax(0.53)(0.48)(3.53)(0.53)(0.36)(19.98)(0.42)(0.43)
Tax0.020.010.000.000.00(0.05)0.000.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue0.000.951.291.061.981.791.53
Revenue growth-100.0%-26.4%+21.7%-46.5%+10.6%+17.0%-
Other income0.340.121.860.030.040.020.89
Total expenses1.2122.413.412.352.612.963.27
Employee cost0.000.220.210.200.200.180.18
EBITDA(1.21)(21.46)(2.12)(1.29)(0.63)(1.17)(1.74)
EBITDA margin--2259.0%-164.3%-121.7%-31.8%-65.4%-113.7%
Depreciation0.070.540.560.650.690.690.70
Interest0.370.220.390.000.000.270.52
Profit before tax(1.31)(22.10)(1.21)(1.91)(1.28)(2.11)(2.07)
Tax0.01(0.09)5.30(0.11)0.370.43(0.58)
Net profit(1.32)(21.07)(6.59)(1.83)(1.65)(2.54)(1.49)
Net profit margin--2217.9%-510.9%-172.6%-83.3%-141.9%-97.4%
EPS (₹)(0.64)(10.81)(3.19)(0.88)(0.82)(1.25)(0.73)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital-48.7348.7348.7348.7348.7348.73
Reserves & surplus-(48.30)(26.28)(19.79)(17.99)(16.33)(13.78)
Shareholders' funds (net worth)-0.4322.4528.9430.7432.4034.95
Secured loans-0.000.000.000.000.000.00
Unsecured loans-16.1814.7814.2214.0914.3014.03
Total debt-16.1814.7814.2214.0914.3014.03
Total liabilities-16.8437.4543.3645.0246.8749.14
Assets
Gross block-20.3618.5518.6018.6918.6918.68
Net block-5.053.784.355.005.686.37
Capital work in progress-9.3931.4731.4731.4731.4731.47
Investments-0.000.000.000.000.000.00
Inventories-4.134.394.965.686.236.83
Sundry debtors-0.070.283.232.602.062.37
Cash & bank balances-0.050.020.080.210.100.15
Loans & advances-0.230.230.460.500.530.46
Total current assets-4.484.928.738.998.929.81
Total current liabilities-2.332.986.615.784.894.63
Net working capital-2.151.942.123.214.035.18
Total assets-16.8437.4543.3645.0246.8749.14
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash-0.020.080.210.100.150.31
Net cash from operating activities-(1.15)(0.33)(0.30)0.33(0.06)0.39
Net cash from investing activities-1.590.100.040.010.010.01
Net cash from financing activities-(0.41)0.170.13(0.22)0.00(0.55)
Net change in cash-0.03(0.06)(0.13)0.12(0.05)(0.16)
Closing cash-0.050.020.080.210.100.15
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-100.0%-26.4%+21.7%-46.5%+10.6%+17.0%-
EBITDA growth+94.4%-912.3%-64.3%-104.8%+46.2%+32.8%-
PBT growth+94.1%-1726.5%+36.7%-49.2%+39.3%-1.9%-27.0%
Net income growth+93.7%-219.7%-260.1%-10.9%+35.0%-70.5%-
Revenue CAGR (3Y)-100.0%-21.7%-10.3%-11.5%+1.2%-0.7%-12.8%
EBITDA CAGR (3Y)-2.1%+224.2%+21.9%-9.5%-37.7%-7.7%+3.1%
Profitability & leverage
Net income margin--2316.8%-504.7%-169.8%-83.3%-141.9%-97.4%
Return on capital employed-0.0%0.0%0.0%0.0%0.0%0.0%
Return on net worth-0.0%0.0%0.0%0.0%0.0%0.0%
Debt / equity-1.350.560.470.450.420.39
Long-term debt / equity-0.060.000.000.000.000.00
Interest cover-28.91-1.00-14.550.000.00-14.52-21.31
Efficiency & per share
Fixed asset turnover-0.050.070.060.110.100.08
Inventory turnover-0.220.280.200.330.270.21
Debtors turnover-5.430.740.360.850.810.67
EPS (₹)(0.64)(10.81)(3.19)(0.88)(0.82)(1.25)(0.73)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.00(13.72)(2.91)0.281.161.983.23

To see the full year-wise statements and ratios of Nilachal Refractories Limited, buy the company report.

Board of directors of Nilachal Refractories Limited

Nilachal Refractories has 6 current directors and 27 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Pradip Kumar MohapatraDirector14 Feb 20188 Years 8 MonthsCurrent
Bindu JainDirector25 Mar 201511 Years 6 MonthsCurrent
Sundaresan RadhakrishnanDirector25 Nov 201411 Years 10 MonthsCurrent
Vimal PrakashDirector06 May 200620 Years 5 MonthsCurrent
Niraj JalanDirector06 May 200620 Years 5 MonthsCurrent
Vinay AgarwalDirector23 Jul 20206 Years 3 MonthsCurrent

Auditor

Nilachal Refractories Limited is audited by T MORE & COMPANY for the financial year 2022.

Auditor firmFinancial yearFirm registration number
T MORE & COMPANYFY 2022327844E

Shareholding

Shareholding for the quarter ended Mar 2026: promoters hold 70.60%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 29.40%.

Promoters: 70.60%Retail & Others: 29.40%
Mar 2026
QUARTER
70.60% Promoters
29.40% Retail & Others
Promoter holding - history
Now 70.60% · Mar 2026High 70.60% · Jun 2025Low 70.60% · Jun 2025
69%69.8%70.5%71.3%72%Jun 2025Sep 2025Dec 2025Mar 2026Jun 2025: 70.60%Sep 2025: 70.60%Dec 2025: 70.60%Mar 2026: 70.60%70.60%70.60%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025
Promoters70.60%70.60%70.60%70.60%
Public29.40%29.40%29.40%29.40%

Charges & borrowings

Open charges
None
Satisfied charges
₹13.15 Cr
Breakdown by lending institutions
Canara Bank₹13.15 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
22 Jun 201110298688Canara Bank₹8.4 LakhSatisfied
16 Jul 201010231551Canara Bank₹7 LakhSatisfied
28 Jun 200610012068Canara Bank₹13 CrSatisfied

To see the full charge records of Nilachal Refractories Limited, buy the company report.

Total charge records: 3 View all charges

Credit ratings & regulatory alerts

Nilachal Refractories Limited was last rated by Crisil on 30 Nov 2020.

Rating agencyRated onRating
Crisil30 Nov 2020

To see the full credit ratings and regulatory alerts of Nilachal Refractories Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Nilachal Refractories Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Nilachal Refractories has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
21AABCN1241N1ZSOdishaActive01 Jul 2017

To see the full GST registrations and return filing status of Nilachal Refractories Limited, buy the company report.

Recent activity

Nilachal Refractories Limited has 46 board changes on record since 2005: 26 appointments and 20 cessations. The latest: Bhagwati Prasad Jalan ceased to be Director on 28 Sep 2024.

Filing
Nilachal Refractories Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Cuttack.
AGM
Nilachal Refractories Limited last Annual general meeting of members was held on 25 Sep 2025 as per latest MCA records.
Ceased
Bhagwati Prasad Jalan ceased to be Director.
Ceased
Ramesh Kumar Dhandhania ceased to be Director.
Ceased
Sribash Chandra Mishra ceased to be Director.
Ceased
Sanjib Singh ceased to be Company Secretary.
Ceased
Saravanan Asokan ceased to be Whole-Time Director.
Appointed
Sanjib Singh was appointed as Company Secretary.
Ceased
Vijay Kumar Agarwal ceased to be Director.
Appointed
Vinay Agarwal was appointed as Director.
Charges
A charge registered on 22 Jun 2011 via Charge ID 10298688 with Canara Bank was fully satisfied on 05 Sep 2018.
Charges
A charge registered on 16 Jul 2010 via Charge ID 10231551 with Canara Bank was fully satisfied on 05 Sep 2018.

44 earlier events are in the company report.

Frequently asked questions

Nilachal Refractories is an active public limited company based in Bhubaneswar, Odisha, India. The company works in construction materials, within the manufacturing industry. It was incorporated on 30 June 1977 (49+ years old) and is registered under CIN L26939OR1977PLC000735. Listed on BSE: 502294.

Nilachal Refractories has 6 current directors:

The latest financial statements of Nilachal Refractories on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Nilachal Refractories is 21AABCN1241N1ZS, registered in Odisha.

The CIN (Corporate Identification Number) of Nilachal Refractories is L26939OR1977PLC000735. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Nilachal Refractories is a listed company as per MCA records. Its shares are listed on BSE (code: 502294).

Nilachal Refractories has 22 court cases on record: 12 filed by the company and 10 filed against it. 5 are pending. Most are in the high courts.

Nilachal Refractories was incorporated on 30 June 1977, making it 49+ years old. It is registered with the Registrar of Companies, Cuttack.

Bhagwati Prasad Jalan ceased to be Director on 28 Sep 2024. Ramesh Kumar Dhandhania ceased to be Director on 13 Sep 2024. Sribash Chandra Mishra ceased to be Director on 13 Sep 2024. Nilachal Refractories has 46 board changes on record in total.

Yes, Nilachal Refractories is registered as a small enterprise under Udyam registration (number: UDYAM-OD-09-0003898).