About Orissa Sponge Iron and Steel Limited
Data last updated:
Orissa Sponge Iron and Steel Limited is a public limited company based in Keonjhar, Odisha, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 09 April 1979 and has been in existence for over 47 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN L27102OR1979PLC000819. Its GSTIN is 21AAACO2568G1ZR (Odisha). The company holds 3 GST registrations, of which 2 are active. It is recorded as listed by MCA, but trading in its shares on BSE (504864) has been suspended since 25 Feb 2016 · penal reasons, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹250 Cr and a paid-up capital of ₹49.79 Cr. It was formerly known as Orissa Sponge Iron Limited and Orissa Sponge Iron Ltd. It is led by directors including Prasanta Kumar Mohanty (Managing Director) and Ashish Saxena (Whole-Time Director).
Its last annual general meeting (AGM) was held on 31 October 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at P.O Palanpanga, Keonjhar, Odisha, India – 758031.
As per the financials filed for FY 2025, the company reported a revenue of ₹463.17 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹4.68 Cr (net margin 1%) and EBITDA of ₹40 Cr (EBITDA margin 8.6%). Revenue has grown at a compounded annual rate (CAGR) of 474% over three years and 206% over five years.
The company is associated with 1 brand: Orissa Sponge and Steel. As per MCA filings, the company has open charges of ₹1.5 Cr and satisfied charges of ₹572.14 Cr on record. Court records list 117 cases involving the company, including 23 filed by the company and 94 filed against it; 19 cases are pending. The company has 33 deals on record (25 market trades, 8 funding rounds), with disclosed funding of ₹232.4 Cr; the latest was in November 2018. Its 6 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products) are compared by revenue, 3 larger and 3 smaller; the largest is Accil Steel Processors Private Limited with revenue of ₹472.88 Cr. The company has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 18 overdue payments to 7 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 orissasponge.com.
Company details
Name history
Orissa Sponge Iron and Steel has undergone 2 name changes throughout its history. The company was previously known as Orissa Sponge Iron Limited, and Orissa Sponge Iron Ltd. The current legal name is Orissa Sponge Iron And Steel Limited.
| Company Name | Status |
|---|---|
| Orissa Sponge Iron and Steel Limited | Current |
| Orissa Sponge Iron Limited | Previous |
| Orissa Sponge Iron Ltd | Previous |
CIN history
Orissa Sponge Iron and Steel has one previous CIN (Corporate Identification Number): U27102OR1979PTC000819. The current CIN is L27102OR1979PLC000819, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L27102OR1979PLC000819 | Current |
| U27102OR1979PTC000819 | Previous |
Contact details
Orissa Sponge Iron and Steel Limited's registered office is in Keonjhar, Odisha. Its website is orissasponge.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressP.O Palanpanga, Keonjhar, Odisha, India – 758031
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Orissa Sponge Iron and Steel 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
Orissa Sponge Iron and Steel operates one associated brand: Orissa Sponge and Steel. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Sponge iron and steel products are manufactured by the company. | orissasponge.com |
Business activity
The main business activities of Orissa Sponge Iron and Steel are manufacturing and electricity, gas, steam and air condition supply. In detail, this covers metal and metal products and electric power generation, transmission and distribution. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Orissa Sponge Iron and Steel Limited, buy the company report.
Financials of Orissa Sponge Iron and Steel Limited
FY 2025 filings availableOrissa Sponge Iron and Steel Limited reported revenue of ₹463.17 Cr (up 225% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 206% over five years, including 225% growth in the latest year. EBITDA rose 276% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹40 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.68 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.6% | ||||
| Net Profit Margin | 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 Orissa Sponge Iron and Steel Limited, buy the company report.
Board of directors of Orissa Sponge Iron and Steel Limited
Orissa Sponge Iron and Steel has 8 current directors and 38 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashish Saxena | Whole-Time Director | 02 Aug 2021 | 5 Years 3 Months | Current |
| Munir Kamal Mohanty Also directs: Bilati (Orissa) Ltd., Tor-Anumana Technologies Private Limited, Torsteel Limited and 5 more | Director | 30 Apr 2007 | 19 Years 6 Months | Current |
| Prasanta Kumar Mohanty Also directs: Bilati (Orissa) Ltd., Tor-Anumana Technologies Private Limited, Torsteel Limited and 5 more | Managing Director | 23 Jun 2005 | 21 Years 4 Months | Current |
| Dibyendu Kumar Senapati | Nominee Director | 06 Jan 2020 | 6 Years 9 Months | Current |
| Ekta Sharma Also directs: Shri Krishna Prasadam Limited | Director | 06 Jan 2020 | 6 Years 9 Months | Current |
| Dheeraj Singh Negi | Director | 05 Sep 2020 | 6 Years 1 Months | Current |
Peer comparison
Orissa Sponge Iron and Steel Limited is compared with the 6 companies closest to it by revenue in the Metals and Minerals industry (Steel), 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 |
|---|---|---|---|---|---|---|
| Accil Steel Processors Private Limited | ₹472.88 Cr (FY 2025) | 9.0% | Haryana, India | |||
| Arun Vyapar Udyog Private Limited | ₹472.29 Cr (FY 2025) | 8.0% | Chennai, Tamil Nadu, India | |||
| Dindigul Steel Rolling Mills Private Limited | ₹470.78 Cr (FY 2025) | -3.0% | Dindigul, Tamil Nadu, India | |||
| Orissa Sponge Iron and Steel Limitedthis company | ₹463.17 Cr (FY 2025) | ₹4.68 Cr | 1% | 225.0% | Keonjhar, Odisha, India | |
| NR Steel and Ferro Private Limited | ₹463.16 Cr (FY 2024) | 28.0% | Raigarh, Chhattisgarh, India | |||
| Vision Sponge Iron Private Limited | ₹462.48 Cr (FY 2025) | 0.0% | Kolkata, West Bengal, India | |||
| Triveni Smelters Private Limited | ₹460.57 Cr (FY 2025) | 52.0% | Patna, Bihar, India |
To see the full peer comparison of Orissa Sponge Iron and Steel Limited, buy the company report.
Auditor
Orissa Sponge Iron and Steel Limited is audited by BDS & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BDS & Co. | FY 2023 | 326264E |
Shareholding
The shareholding of Orissa Sponge Iron and Steel Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Orissa Sponge Iron and Steel Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Jan 1981 | 90078591 | Industrial Finance Corporation of India | ₹1.5 Cr | Open | |
| 23 Dec 2019 | 100323133 | Others | ₹55 Cr | Satisfied | |
| 30 Nov 2018 | 100225183 | Others | ₹95 Cr | Satisfied | |
| 18 Feb 2012 | 10347120 | Bank of India | ₹7.06 Cr | Satisfied | |
| 23 Mar 2007 | 10045543 | Punjab National Bank | ₹18.75 Cr | Satisfied |
To see the full charge records of Orissa Sponge Iron and Steel Limited, buy the company report.
Total charge records: 30 View all charges
Deals & funding
Orissa Sponge Iron and Steel Limited has 33 deals on record (25 market trades, 8 funding rounds), with disclosed funding of ₹232.4 Cr; the latest was in November 2018.
Deals on record (5 of 33)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2011 | Market trade | ₹6.2 Cr | Buyer: Maharashtra Seamless Limited Seller: Stable Trading Co Ltd |
| Nov 2010 | Market trade | ₹7.18 Cr | Buyer: Stable Trading Co Ltd |
| Mar 2010 | Market trade | ₹3.43 Cr | Buyer: Unisys Softwares and Holding Industries Limited Seller: Bek Trading Company |
| May 2009 | Market trade | ₹3.46 Cr | Buyer: Angul Energy Limited |
| Mar 2009 | Funding round | ₹30.3 Cr | Investors: T.R.F.I. Investment Pvt. Ltd. |
To see the full deal history of Orissa Sponge Iron and Steel 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
Orissa Sponge Iron and Steel Limited has 117 court cases on record: 23 filed by Orissa Sponge Iron and Steel, 94 filed against it. 19 cases are pending and 98 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 71 | 64 | 13 |
| High courts | 41 | 27 | 6 |
| Supreme Court | 5 | 3 | 0 |
Cases on record (5 of 117)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Orissa | Writ petition | Filed by the company against Maa Tarini Steels LLP, Mayurbhanj and 1 other | Pending |
| District court, Khurda, Odisha | Court case (EXECUITION CASES) | Filed against the company by Rabo India Securities Ltd | Disposed |
| High Court | Writ petition | Filed against the company by M/S.Essel Mining and Industries Ltd. and 1 other | Disposed |
| District court, New Delhi, Delhi | Appeal | Filed by the company against Indian Renewable Energy Development Agency Ltd(Ireda) | Disposed |
| District court, New Delhi, Delhi | Appeal | Filed by the company against Indian Renewable Energy Development Agency Ltd. and 2 others | Disposed |
To see the full case history of Orissa Sponge Iron and Steel 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
Orissa Sponge Iron and Steel Limited has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 18 overdue payments to 7 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 7)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Surya Enterprises | |||
| Truly Pest Solution Private Limited | |||
| an individual supplier | |||
| Hindustan Industries | |||
| an individual supplier |
To see the full MSME payment records of Orissa Sponge Iron and Steel Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Orissa Sponge Iron and Steel has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAACO2568G1ZR | Odisha | Active | 01 Jul 2017 |
| 07AAACO2568G1ZH | Delhi | Active | 01 Oct 2019 |
To see the full GST registrations and return filing status of Orissa Sponge Iron and Steel Limited, buy the company report.
Recent activity
Orissa Sponge Iron and Steel Limited has 72 board changes on record since 1980: 40 appointments and 32 cessations. The latest: Ritesh Kalra was appointed as Director on 29 Aug 2024.
135 earlier events are in the company report.
Frequently asked questions
Orissa Sponge Iron and Steel is an active public limited company based in Keonjhar, Odisha, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 09 April 1979 (47+ years old) and is registered under CIN L27102OR1979PLC000819.
Orissa Sponge Iron and Steel has 8 current directors:
- Prasanta Kumar Mohanty - Managing Director
- Ashish Saxena - Whole-Time Director
- Munir Kamal Mohanty - Director
- Dibyendu Kumar Senapati - Nominee Director
- Ekta Sharma - Director
- Dheeraj Singh Negi - Director
- Ritesh Kalra - Director
- Nitesh Agrawal - Director
The latest financial statements of Orissa Sponge Iron and Steel on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 31 October 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Orissa Sponge Iron and Steel is 21AAACO2568G1ZR, registered in Odisha. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 07AAACO2568G1ZH (Delhi).
The CIN (Corporate Identification Number) of Orissa Sponge Iron and Steel is L27102OR1979PLC000819. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Orissa Sponge Iron and Steel is recorded as a listed company by MCA, but trading in its shares on BSE (504864) has been suspended since 25 Feb 2016 · penal reasons, so they do not currently trade on a stock exchange.
Orissa Sponge Iron and Steel has 117 court cases on record: 23 filed by the company and 94 filed against it. 19 are pending. Most are in the district courts.
Orissa Sponge Iron and Steel was incorporated on 09 April 1979, making it 47+ years old. It is registered with the Registrar of Companies, Cuttack.
Orissa Sponge Iron and Steel has 33 deals on record (25 market trades, 8 funding rounds), with disclosed funding of ₹232.4 Cr; the latest was in November 2018.
The peers of Orissa Sponge Iron and Steel by revenue are Accil Steel Processors Private Limited, Arun Vyapar Udyog Private Limited, Dindigul Steel Rolling Mills Private Limited, NR Steel and Ferro Private Limited, Vision Sponge Iron Private Limited and 1 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Ritesh Kalra was appointed as Director on 29 Aug 2024. Jitendra Jain ceased to be Director on 23 Aug 2024. Nitesh Agrawal was appointed as Director on 29 Sep 2023. Orissa Sponge Iron and Steel has 72 board changes on record in total.
Orissa Sponge Iron and Steel has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 18 overdue payments to 7 micro and small suppliers. The latest return was filed on 29 Aug 2023.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
