- Category
- Small (2024-25)
- Udyam number
- UDYAM-OD-09-0003898

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
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 Name | Status |
|---|---|
| Nilachal Refractories Limited | Current |
| Ipibel Refractories Limited | Previous |
| Ipitata Refractories Limited | Previous |
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.
| CIN | Status |
|---|---|
| L26939OR1977PLC000735 | Current |
| U26939OR1977PLC000735 | Previous |
Recognitions & Rankings of Nilachal Refractories
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
- Website
- Registered AddressP – 598/599 Kedarnath Apartment Mahabir Nagar Lewis Road, Bhubaneswar, Odisha, India – 751002
- IndustryManufacturing, Construction Materials
To see the full contact details of Nilachal Refractories 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
Nilachal Refractories operates one associated brand: Nilachal Refractories. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| 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 code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other 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 availableNilachal Refractories Limited reported revenue of ₹- (down 100% 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 | 0.00 | 0.95 | 1.29 | 1.06 | 1.98 | 1.79 | 1.53 |
| 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 | - | 16.84 | 37.45 | 43.36 | 45.02 | 46.87 | 49.14 |
| Net worth | - | 0.43 | 22.45 | 28.94 | 30.74 | 32.40 | 34.95 |
| Total debt | - | 16.18 | 14.78 | 14.22 | 14.09 | 14.30 | 14.03 |
| Cash & bank | - | 0.05 | 0.02 | 0.08 | 0.21 | 0.10 | 0.15 |
| Net working capital | - | 2.15 | 1.94 | 2.12 | 3.21 | 4.03 | 5.18 |
| Cash flow | |||||||
| Cash from operations | - | (1.15) | (0.33) | (0.30) | 0.33 | (0.06) | 0.39 |
| Cash from investing | - | 1.59 | 0.10 | 0.04 | 0.01 | 0.01 | 0.01 |
| Cash from financing | - | (0.41) | 0.17 | 0.13 | (0.22) | 0.00 | (0.55) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.45 | 0.45 | 0.00 | 0.36 | 0.29 | 0.14 |
| Revenue growth (YoY) | - | -100.0% | +55.2% | +221.4% | -100.0% | - | - | - |
| Other income | 0.15 | 0.10 | 0.31 | 0.17 | 0.02 | 0.10 | 0.00 | 0.00 |
| Total expenses | 0.45 | 0.49 | 4.03 | 0.92 | 0.27 | 20.26 | 0.52 | 0.38 |
| 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% |
| Depreciation | 0.02 | 0.02 | 0.14 | 0.14 | 0.02 | 0.12 | 0.14 | 0.14 |
| Interest | 0.21 | 0.07 | 0.12 | 0.09 | 0.09 | 0.06 | 0.05 | 0.05 |
| Profit before tax | (0.53) | (0.48) | (3.53) | (0.53) | (0.36) | (19.98) | (0.42) | (0.43) |
| Tax | 0.02 | 0.01 | 0.00 | 0.00 | 0.00 | (0.05) | 0.00 | 0.00 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.45 | 0.45 | 0.00 | 0.36 | 0.29 | 0.14 |
| Revenue growth (YoY) | - | -100.0% | +55.2% | +221.4% | -100.0% | - | - | - |
| Other income | 0.15 | 0.10 | 0.31 | 0.17 | 0.02 | 0.10 | 0.00 | 0.00 |
| Total expenses | 0.45 | 0.49 | 4.03 | 0.92 | 0.27 | 20.26 | 0.52 | 0.38 |
| 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% |
| Depreciation | 0.02 | 0.02 | 0.14 | 0.14 | 0.02 | 0.12 | 0.14 | 0.14 |
| Interest | 0.21 | 0.07 | 0.12 | 0.09 | 0.09 | 0.06 | 0.05 | 0.05 |
| Profit before tax | (0.53) | (0.48) | (3.53) | (0.53) | (0.36) | (19.98) | (0.42) | (0.43) |
| Tax | 0.02 | 0.01 | 0.00 | 0.00 | 0.00 | (0.05) | 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 | 0.00 | 0.95 | 1.29 | 1.06 | 1.98 | 1.79 | 1.53 |
| Revenue growth | -100.0% | -26.4% | +21.7% | -46.5% | +10.6% | +17.0% | - |
| Other income | 0.34 | 0.12 | 1.86 | 0.03 | 0.04 | 0.02 | 0.89 |
| Total expenses | 1.21 | 22.41 | 3.41 | 2.35 | 2.61 | 2.96 | 3.27 |
| Employee cost | 0.00 | 0.22 | 0.21 | 0.20 | 0.20 | 0.18 | 0.18 |
| 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% |
| Depreciation | 0.07 | 0.54 | 0.56 | 0.65 | 0.69 | 0.69 | 0.70 |
| Interest | 0.37 | 0.22 | 0.39 | 0.00 | 0.00 | 0.27 | 0.52 |
| Profit before tax | (1.31) | (22.10) | (1.21) | (1.91) | (1.28) | (2.11) | (2.07) |
| Tax | 0.01 | (0.09) | 5.30 | (0.11) | 0.37 | 0.43 | (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) |
| 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 | - | 48.73 | 48.73 | 48.73 | 48.73 | 48.73 | 48.73 |
| Reserves & surplus | - | (48.30) | (26.28) | (19.79) | (17.99) | (16.33) | (13.78) |
| Shareholders' funds (net worth) | - | 0.43 | 22.45 | 28.94 | 30.74 | 32.40 | 34.95 |
| Secured loans | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | - | 16.18 | 14.78 | 14.22 | 14.09 | 14.30 | 14.03 |
| Total debt | - | 16.18 | 14.78 | 14.22 | 14.09 | 14.30 | 14.03 |
| Total liabilities | - | 16.84 | 37.45 | 43.36 | 45.02 | 46.87 | 49.14 |
| Assets | |||||||
| Gross block | - | 20.36 | 18.55 | 18.60 | 18.69 | 18.69 | 18.68 |
| Net block | - | 5.05 | 3.78 | 4.35 | 5.00 | 5.68 | 6.37 |
| Capital work in progress | - | 9.39 | 31.47 | 31.47 | 31.47 | 31.47 | 31.47 |
| Investments | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | - | 4.13 | 4.39 | 4.96 | 5.68 | 6.23 | 6.83 |
| Sundry debtors | - | 0.07 | 0.28 | 3.23 | 2.60 | 2.06 | 2.37 |
| Cash & bank balances | - | 0.05 | 0.02 | 0.08 | 0.21 | 0.10 | 0.15 |
| Loans & advances | - | 0.23 | 0.23 | 0.46 | 0.50 | 0.53 | 0.46 |
| Total current assets | - | 4.48 | 4.92 | 8.73 | 8.99 | 8.92 | 9.81 |
| Total current liabilities | - | 2.33 | 2.98 | 6.61 | 5.78 | 4.89 | 4.63 |
| Net working capital | - | 2.15 | 1.94 | 2.12 | 3.21 | 4.03 | 5.18 |
| Total assets | - | 16.84 | 37.45 | 43.36 | 45.02 | 46.87 | 49.14 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | - | 0.02 | 0.08 | 0.21 | 0.10 | 0.15 | 0.31 |
| Net cash from operating activities | - | (1.15) | (0.33) | (0.30) | 0.33 | (0.06) | 0.39 |
| Net cash from investing activities | - | 1.59 | 0.10 | 0.04 | 0.01 | 0.01 | 0.01 |
| Net cash from financing activities | - | (0.41) | 0.17 | 0.13 | (0.22) | 0.00 | (0.55) |
| Net change in cash | - | 0.03 | (0.06) | (0.13) | 0.12 | (0.05) | (0.16) |
| Closing cash | - | 0.05 | 0.02 | 0.08 | 0.21 | 0.10 | 0.15 |
| 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 | -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 | - | 1.35 | 0.56 | 0.47 | 0.45 | 0.42 | 0.39 |
| Long-term debt / equity | - | 0.06 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | -28.91 | -1.00 | -14.55 | 0.00 | 0.00 | -14.52 | -21.31 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.05 | 0.07 | 0.06 | 0.11 | 0.10 | 0.08 |
| Inventory turnover | - | 0.22 | 0.28 | 0.20 | 0.33 | 0.27 | 0.21 |
| Debtors turnover | - | 5.43 | 0.74 | 0.36 | 0.85 | 0.81 | 0.67 |
| EPS (₹) | (0.64) | (10.81) | (3.19) | (0.88) | (0.82) | (1.25) | (0.73) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | (13.72) | (2.91) | 0.28 | 1.16 | 1.98 | 3.23 |
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.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pradip Kumar Mohapatra | Director | 14 Feb 2018 | 8 Years 8 Months | Current |
| Bindu Jain | Director | 25 Mar 2015 | 11 Years 6 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 10 Months | Current |
| Vimal Prakash | Director | 06 May 2006 | 20 Years 5 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 5 Months | Current |
| Vinay Agarwal | Director | 23 Jul 2020 | 6 Years 3 Months | Current |
Auditor
Nilachal Refractories Limited is audited by T MORE & COMPANY for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| T MORE & COMPANY | FY 2022 | 327844E |
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%.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | |
|---|---|---|---|---|
| Promoters | 70.60% | 70.60% | 70.60% | 70.60% |
| Public | 29.40% | 29.40% | 29.40% | 29.40% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Jun 2011 | 10298688 | Canara Bank | ₹8.4 Lakh | Satisfied | |
| 16 Jul 2010 | 10231551 | Canara Bank | ₹7 Lakh | Satisfied | |
| 28 Jun 2006 | 10012068 | Canara Bank | ₹13 Cr | Satisfied |
To see the full charge records of Nilachal Refractories Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Nilachal Refractories Limited has 22 court cases on record: 12 filed by Nilachal Refractories, 10 filed against it. 5 cases are pending and 17 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 15 | 7 | 5 |
| District courts | 6 | 2 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Cuttack, Odisha | Court case (C.S. (iii)) | Filed by the company against SBQ Steels Limited (13/1 | Disposed |
| High Court | Company petition | Filed against the company by Re : Swati Udyog Private Limited -and- | Disposed |
| District court, Khurda, Orissa | Civil suit | Filed against the company by Ms-Refcem Private Limited and Another and 1 other | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against Ms. Swati Udyog Pvt. Ltd. 4 Others | Disposed |
| High Court | Civil suit | Filed by the company against Hindalco Industries Ltd and Anr | Disposed |
To see the full case history of Nilachal Refractories 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.
Credit ratings & regulatory alerts
Nilachal Refractories Limited was last rated by Crisil on 30 Nov 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 30 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.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AABCN1241N1ZS | Odisha | Active | 01 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.
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:
- Pradip Kumar Mohapatra - Director
- Bindu Jain - Director
- Sundaresan Radhakrishnan - Director
- Vimal Prakash - Director
- Niraj Jalan - Director
- Vinay Agarwal - Director
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).