Nilachal Refractories
NILACHALREFRACTORIESLTD NSE
Nilachal Refractories
Industrial ProductsNSE: NILACHALREFRACTORIESLTD BSE: 502294 Electrodes & Refractories
Key Fundamentals
MicrocapElectrodes & RefractoriesIndustrial ProductsMarket Cap
₹71.75 Cr
Volatility
Moderate
P/E Ratio
-14.9
EBITDA
₹-4.81 Cr
Return on Equity
78.81%
Debt to Equity
1.35
Book Value
₹-16.11
EPS
₹0
52W High
₹56.92
52W Low
₹28.88
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Weaknesses
1- Company has low interest coverage ratio.
Growth Rate
Revenue Growth
43.64% higher than
3Y
Net Income Growth
-77.59% lower than
3Y
Cash Flow Change
-248% higher than
3Y
ROE
-28.17% higher than
3Y
ROCE
—
EBITDA Margin (Avg.)
-89.92%
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.41 | 0.27 | 0.18 | 0.44 | 0.16 | 0.14 | 0.29 | 0.36 | 0 | 0.45 | 0.45 | 0 | 0 |
| Expenses | 0.54 | 0.44 | 0.36 | 2.06 | 1.34 | 0.39 | 0.52 | 20.26 | 0.28 | 0.93 | 4.03 | 0.48 | 0.45 |
| Operating Profit | -0.13 | -0.17 | -0.18 | -1.62 | -1.18 | -0.25 | -0.23 | -19.9 | -0.28 | -0.48 | -3.58 | -0.48 | -0.45 |
| OPM % | -31.71% | -62.96% | -100% | -368.18% | -737.5% | -178.57% | -79.31% | -5527.78% | — | -106.67% | -795.56% | — | — |
| Other Income | 0.01 | 0 | 0.02 | 1.82 | 0.02 | 0 | 0 | 0.1 | 0.02 | 0.17 | 0.31 | 0.1 | 0.15 |
| Interest | 0 | 0 | 0 | 0.39 | 0.06 | 0.05 | 0.05 | 0.06 | 0.09 | 0.09 | 0.12 | 0.07 | 0.21 |
| Depreciation | 0 | 0 | 0 | 0.56 | 0.14 | 0.14 | 0.14 | 0.12 | 0.02 | 0.14 | 0.14 | 0.02 | 0.02 |
| PBT | -0.12 | -0.17 | -0.16 | -0.75 | -1.36 | -0.44 | -0.42 | -19.98 | -0.37 | -0.54 | -3.53 | -0.47 | -0.53 |
| Tax % | 0% | 0% | 0% | 706.67% | -2.94% | 0% | 0% | -0.25% | 0% | 0% | 0% | 2.13% | 3.77% |
| Net Profit | -0.12 | -0.17 | -0.16 | -6.05 | -1.33 | -0.44 | -0.42 | -19.94 | -0.36 | -0.54 | -3.53 | -0.48 | -0.55 |
| EPS in Rs | -0.06 | -0.08 | -0.08 | -2.97 | -0.65 | -0.22 | -0.21 | -9.79 | -0.18 | -0.27 | -1.73 | -0.24 | -0.27 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.83 | 0.47 | 2.31 | 1.83 | 1.91 | 1.53 | 1.79 | 1.98 | 1.06 | 1.29 | 0.95 | 0 | 0.9 |
| Expenses | 1.94 | 2.35 | 3.89 | 3.29 | 4.52 | 3.26 | 2.97 | 2.62 | 2.34 | 3.4 | 21.47 | 1.21 | 5.89 |
| Operating Profit | -1.11 | -1.88 | -1.58 | -1.46 | -2.61 | -1.73 | -1.18 | -0.64 | -1.28 | -2.11 | -20.52 | -1.21 | -4.99 |
| OPM % | -133.73% | -400% | -68.4% | -79.78% | -136.65% | -113.07% | -65.92% | -32.32% | -120.75% | -163.57% | -2160% | — | -554.44% |
| Other Income | 0.12 | 0.29 | 1.57 | 1.45 | 1.68 | 0.89 | 0.02 | 0.04 | 0.03 | 1.86 | -0.82 | 0.34 | 0.73 |
| Interest | 2.18 | 1.75 | 1.13 | 0.48 | 0.01 | 0.52 | 0.27 | 0 | 0 | 0.39 | 0.22 | 0.37 | 0.49 |
| Depreciation | 0 | 0 | 0.72 | 0.72 | 0.7 | 0.7 | 0.69 | 0.69 | 0.65 | 0.56 | 0.54 | 0.07 | 0.32 |
| PBT | -3.17 | -3.34 | -1.86 | -1.21 | -1.64 | -2.06 | -2.12 | -1.29 | -1.9 | -1.2 | -22.1 | -1.31 | -5.07 |
| Tax % | -38.49% | 42.22% | -133.87% | 36.36% | 0.61% | -28.16% | 20.28% | 28.68% | -5.79% | 441.67% | -0.41% | 0.76% | — |
| Net Profit | -1.95 | -4.75 | 0.62 | -1.65 | -1.65 | -1.48 | -2.55 | -1.66 | -1.79 | -6.5 | -22.02 | -1.32 | -5.1 |
| EPS in Rs | -0.96 | -2.33 | 0.3 | -0.81 | -0.81 | -0.73 | -1.25 | -0.82 | -0.88 | -3.19 | -10.81 | -0.65 | -2.51 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 20.36 | 20.36 | 20.36 | 20.36 | 20.36 | 20.36 | 20.36 | 20.36 | 20.36 | 20.36 | 20.36 | 20.36 |
| Reserves | -4.21 | -8.97 | -9 | -10.65 | -12.3 | -13.78 | -16.33 | -17.99 | -19.79 | -26.28 | -48.3 | -53.15 |
| Borrowings | 38.5 | 40.36 | 41.95 | 42.42 | 42.43 | 42.4 | 42.67 | 42.46 | 42.59 | 43.15 | 44.55 | 45.95 |
| Other Liabilities | 12.44 | 12.65 | 10.16 | 7.13 | 4.53 | 4.79 | 5.06 | 5.97 | 6.81 | 3.31 | 2.58 | 1.46 |
| Total Liabilities | 67.09 | 64.4 | 63.47 | 59.26 | 55.02 | 53.77 | 51.76 | 50.8 | 49.97 | 40.54 | 19.19 | 14.62 |
| Fixed Assets | 9.9 | 9.9 | 8.53 | 7.76 | 7.07 | 6.37 | 5.68 | 5 | 4.35 | 3.78 | 5.05 | 4.49 |
| CWIP | 31.47 | 31.47 | 31.47 | 31.47 | 31.47 | 31.47 | 31.47 | 31.47 | 31.47 | 31.47 | 9.39 | 6.07 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 25.72 | 23.03 | 23.47 | 20.03 | 16.48 | 15.93 | 14.61 | 14.33 | 14.15 | 5.29 | 4.75 | 4.06 |
| Total Assets | 67.09 | 64.4 | 63.47 | 59.26 | 55.02 | 53.77 | 51.76 | 50.8 | 49.97 | 40.54 | 19.19 | 14.62 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -2.32 | -0.17 | -0.38 | -0.08 | 0.09 | 0.39 | -0.06 | 0.33 | -0.3 | -0.33 | -1.15 | -1.4 |
| Investing | 0.04 | 0.02 | 0.02 | 0.04 | 0 | 0.01 | 0.01 | 0.01 | 0.04 | 0.1 | 1.59 | 0.35 |
| Financing | 2.29 | 0.11 | 0.48 | 0 | 0.01 | -0.55 | 0 | -0.22 | 0.13 | 0.17 | -0.41 | 1.02 |
| Net Cash Flow | 0.01 | -0.04 | 0.13 | -0.04 | 0.1 | -0.16 | -0.05 | 0.12 | -0.13 | -0.06 | 0.03 | -0.03 |
| Free Cash Flow | -2.32 | -0.17 | -0.38 | -0.06 | 0.08 | 0.39 | -0.07 | 0.32 | -0.27 | -0.25 | 0.43 | -1.4 |
| CFO/OP | 206 | 10 | 24 | 5 | -4 | -24 | 6 | -52 | 23 | 15 | 6 | 113 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 2,106 | 3,114 | 664 | 419 | 424 | 565 | 420 | 479 | 1,112 | 79.22 | 26.89 | — |
| Inventory Days | 27,490 | 13,390 | 1,825 | 2,117 | 965 | 1,708 | 1,660 | 2,439 | 3,416 | 2,108 | 4,074 | — |
| Days Payable | 16,732 | 8,318 | 1,120 | 935 | 280 | 588 | 714 | 1,293 | 2,218 | 917 | 1,184 | — |
| Cash Conversion Cycle | 12,864 | 8,186 | 1,369 | 1,601 | 1,109 | 1,685 | 1,366 | 1,626 | 2,311 | 1,270 | 2,917 | — |
| Working Capital Days | -5,057 | -11,517 | -1,122 | -1,496 | -1,494 | -2,147 | -2,117 | -2,041 | -4,194 | -3,636 | -4,849 | — |
| ROCE % | -1.85% | -3.38% | -1.39% | -1.33% | -3.18% | -3.1% | -3.87% | -2.82% | -4.39% | -2.21% | -77.79% | -6.32% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Nilachal Refractories insights
53 extracted metrics + investor summaries across FY15–FY26.
Documents
1
Board Meeting Outcome for Outcome Of Board Meeting For Enclosed Matters
2d - Board approved disposal of substantially whole undertaking, material RPTs, EGM on 18 May 2026, and CS resignation. 2d - Board approved disposal of substantially whole undertaking, material RPTs, EGM on 18 May 2026, and CS resignation.
2
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
2d - Board approved sale of substantially whole undertaking assets; EGM on 18 May 2026 for approval. 2d - Board approved sale of substantially whole undertaking assets; EGM on 18 May 2026 for approval.
3
Board Meeting Intimation for Consideration And Approval Of Matters Mentioned In The Notice
6 May - Board meets 9 May 2026 to consider asset sale, material RPTs, EGM, and Company Secretary resignation. 6 May - Board meets 9 May 2026 to consider asset sale, material RPTs, EGM, and Company Secretary resignation.
5
Revised Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
2 May - Promoter group filed off-market Regulation 29(2) disclosures for 22.04.2026 share transfers in Nilachal Refractories. 2 May - Promoter group filed off-market Regulation 29(2) disclosures for 22.04.2026 share transfers in Nilachal Refractories.
Frequently Asked Questions about Nilachal Refractories
What does Nilachal Refractories Ltd do?
Incorporated in 1977, Nilachal Refractories
Ltd is in the business of Refractories items[1]
Where is Nilachal Refractories Ltd (502294) listed?
Nilachal Refractories Ltd trades as NILACHALREFRACTORIESLTD on the NSE and under code 502294 on the BSE.
Which sector does Nilachal Refractories Ltd belong to?
Nilachal Refractories Ltd is classified under the Industrial Products sector, in the Electrodes & Refractories industry.
What is the market capitalisation of Nilachal Refractories Ltd?
Nilachal Refractories Ltd has a market capitalisation of ₹71.75 Cr, which places it in the Small Cap band.
What is the PE ratio of Nilachal Refractories Ltd?
Nilachal Refractories Ltd trades at a PE ratio of -14.90, on earnings per share of ₹0, against a book value of ₹-16.11 per share.
What is the 52-week high and low of Nilachal Refractories Ltd?
Over the last 52 weeks Nilachal Refractories Ltd has traded between ₹28.88 and ₹56.92.
What is the Return on Equity (ROE) of Nilachal Refractories Ltd?
Nilachal Refractories Ltd reported a return on equity of 78.81%. Its debt-to-equity ratio is 1.35.
Company Information
Incorporated in 1977, Nilachal Refractories Ltd is in the business of Refractories items[1]
Website nilachal.in
Face Value ₹ 10
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