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Mahanadi Coalfields Limited
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Registered Details

MAHANADI COALFIELDS LIMITED

All Companies ›

Odisha ›

Mining & Quarrying ›

Active

Updated: 11 Sep 2025

This company's line of business includes the wholesale distribution of chemicals and allied products.

Mahanadi Coalfields Limited, is an unlisted private company incorporated on 03 April, 1992. It is classified as a Government of India company and is located in , Odisha. It's authorized share capital is INR 1,600.00 cr and the total paid-up capital is INR 1,323.67 cr.

Subscription Plans

Industry and products

Mining and Quarrying

Gas & Coal, Oil

Company size

Auth Capital

₹ 1,600.0 Cr

Paidup Capital

₹ 1,323.7 Cr

Revenue

₹ >5000 cr

Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Total Revenue

-10.87%

₹ 29,124.4

EBITDA

-17.78%

₹ 14,663.9

Net Profit

-12.09%

₹ 11,845.4

Networth

21.03%

₹ 16,106.3

Borrowings

-13.76%

₹ 4.0

Assets

4.15%

₹ 50,593.4

Gross Margin

1.62

97.0 %

Operating Margin

-3.4

54.0 %

Net Profit Margin

-0.57

40.7 %

Return on Equity

-27.71

73.5 %

ROCE

-13.43

42.4 %

Debt to Equity

0.0

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (18)

State	Type	Address

Locations on Map

People

Designation	Name	DIN/PAN	Tenure
Whole-time Director	Keshav Rao	08651284	6 years
Whole-time Director	Ajit Kumar Behura	09712877	3 years
Whole-time Director	Jugal Kumar Borah	09632444	4 years
Nominee Director	Mukesh Choudhary	07532479	3 years
Managing Director	Uday Anantrao Kaole	09715213	2 years
Director	Dayashankar Chandrashekhar Tiwari	07520830	2 years
Director	Rajesh Kumar Verma	10218914	2 years
Nominee Director	Sanjiv Kumar Kassi	07721514	3 years

Financial Highlights

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	15,811.2	16,492.3	21,812.2	31,076.9	27,161.4
Operating profit	7,435.3	8,918.1	11,063.2	17,835.8	14,663.9
Net profit	6,427.4	6,872.4	8,480.5	13,475.2	11,845.4
Gross margin	97.6	95.8	94.1	95.4	97.0
Operating margin	47.0	54.1	50.7	57.4	54.0
Net margin	36.5	39.2	36.9	41.2	40.7
Networth	3,923.1	5,533.0	8,212.5	13,308.0	16,106.3
Borrowings	1,711.9	5.0	4.9	4.6	4.0
Assets	32,845.7	33,004.6	40,390.6	48,577.7	50,593.4
Debt to equity	0.4	0.0	0.0	0.0	0.0
Current ratio	2.5	2.6	2.1	2.0	2.0
ROE	163.8	124.2	103.3	101.3	73.5
Days payable	643.0	136.0	419.0	404.0	701.0
WC days	291.0	270.0	218.0	174.0	182.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	661.8	661.8	661.8	661.8	1,323.7
Reserves	3,261.3	4,871.2	7,550.7	12,646.2	14,782.6
Borrowings +	1,711.9	5.0	4.9	4.6	4.0
Long term borrowings	5.5	5.0	4.3	3.9	3.3
Short term borrowings	1,706.5	-	0.6	0.7	0.7
Trade payables +	667.7	258.1	1,466.3	1,591.3	1,572.2
Days payable	643.0	136.0	419.0	404.0	701.0
Other liabilities +	27,210.7	27,466.6	32,173.2	35,265.1	34,483.2
Other non-current liabilities	20,679.0	19,776.7	20,545.5	20,361.6	21,169.1
Other current liabilities	5,864.0	7,431.8	10,161.3	13,312.2	11,741.9
Total liabilities	32,845.7	33,004.6	40,390.6	48,577.7	50,593.4
Fixed Assets +	8,821.4	10,455.2	13,297.2	15,631.7	18,752.9
Tangible assets	7,243.9	8,227.3	9,938.4	11,306.9	13,774.1
CWIP	1,572.8	2,223.0	3,352.5	4,302.1	4,960.1
Intangible assets	4.7	4.8	6.4	22.8	18.8
LT loans and advances	626.2	126.3	1.2	1.2	1.7
Other non-current assets	2,546.3	2,536.1	2,410.1	3,263.0	4,966.8
Current assets +	20,851.8	19,887.1	24,682.1	29,681.8	26,872.0
Inventories	793.6	1,103.5	988.2	985.1	1,279.2
Trade receivables	1,323.1	1,292.6	1,040.9	1,636.9	2,146.6
Cash and cash equivalents	71.4	1,010.5	357.1	71.5	794.6
ST loans and advances	500.3	500.0	-	-	-
Other current assets	18,163.4	15,980.4	22,295.9	26,988.2	22,651.6
Total assets	32,845.7	33,004.6	40,390.6	48,577.7	50,593.4

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	2.01	2.01	1.64	1.36	2.62
Reserves	9.93	14.76	18.69	26.03	29.22
Borrowings +	5.21	0.02	0.01	0.01	0.01
Long term borrowings	0.02	0.02	0.01	0.01	0.01
Short term borrowings	5.2	0.0	0.0	0.0	0.0
Trade payables	2.03	0.78	3.63	3.28	3.11
Other liabilities +	82.84	83.22	79.65	72.6	68.16
Other non-current liabilities	62.96	59.92	50.87	41.92	41.84
Other current liabilities	17.85	22.52	25.16	27.4	23.21
Total liabilities
Fixed Assets +	26.86	31.68	32.92	32.18	37.07
Tangible assets	22.05	24.93	24.61	23.28	27.23
CWIP	4.79	6.74	8.3	8.86	9.8
Intangible assets	0.01	0.01	0.02	0.05	0.04
LT loans and advances	1.91	0.38	0.0	0.0	0.0
Other non-current assets	7.75	7.68	5.97	6.72	9.82
Current assets +	63.48	60.26	61.11	61.1	53.11
Inventories	2.42	3.34	2.45	2.03	2.53
Trade receivables	4.03	3.92	2.58	3.37	4.24
Cash and cash equivalents	0.22	3.06	0.88	0.15	1.57
ST loans and advances	1.52	1.51	0.0	0.0	0.0
Other current assets	55.3	48.42	55.2	55.56	44.77
Total assets

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	661.8	661.8	661.8	661.8	1,323.7
Reserves	3,287.6	4,894.9	7,553.7	12,637.1	14,854.2
Borrowings +	1,711.9	5.0	4.9	4.6	4.0
Long term borrowings	5.5	5.0	4.3	3.9	3.3
Short term borrowings	1,706.5	-	0.6	0.7	0.7
Trade payables +	668.6	258.1	1,466.4	1,591.6	1,571.3
Days payable	644.0	136.0	419.0	404.0	700.0
Other liabilities +	27,217.8	27,483.5	32,189.3	35,343.9	34,506.0
Other non-current liabilities	20,679.0	19,776.7	20,545.5	20,361.6	21,171.5
Other current liabilities	5,870.2	7,448.7	10,177.4	13,390.7	11,763.1
Total liabilities	32,879.2	33,045.3	40,409.8	48,647.5	50,687.8
Fixed Assets +	8,889.1	10,571.0	13,482.8	15,935.3	19,057.2
Tangible assets	7,244.2	8,227.6	9,943.6	11,312.1	13,779.3
CWIP	1,640.3	2,338.6	3,532.8	4,600.4	5,018.1
Intangible assets	4.7	4.8	6.4	22.8	259.8
LT loans and advances	626.2	126.3	1.2	1.2	1.7
Other non-current assets	2,438.9	2,428.4	2,302.5	3,186.8	4,674.5
Current assets +	20,925.0	19,919.5	24,623.3	29,524.2	26,954.4
Inventories	793.6	1,103.5	988.2	985.1	1,279.2
Trade receivables	1,323.1	1,292.6	1,040.9	1,636.9	2,160.3
Cash and cash equivalents	151.5	1,093.1	395.1	107.1	867.2
ST loans and advances	500.3	500.0	-	-	-
Other current assets	18,156.5	15,930.2	22,199.1	26,795.0	22,647.7
Total assets	32,879.2	33,045.3	40,409.8	48,647.5	50,687.8

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	2.01	2.0	1.64	1.36	2.61
Reserves	10.0	14.81	18.69	25.98	29.31
Borrowings +	5.21	0.02	0.01	0.01	0.01
Long term borrowings	0.02	0.02	0.01	0.01	0.01
Short term borrowings	5.19	0.0	0.0	0.0	0.0
Trade payables	2.03	0.78	3.63	3.27	3.1
Other liabilities +	82.78	83.17	79.66	72.65	68.08
Other non-current liabilities	62.89	59.85	50.84	41.86	41.77
Other current liabilities	17.85	22.54	25.19	27.53	23.21
Total liabilities
Fixed Assets +	27.04	31.99	33.37	32.76	37.6
Tangible assets	22.03	24.9	24.61	23.25	27.18
CWIP	4.99	7.08	8.74	9.46	9.9
Intangible assets	0.01	0.01	0.02	0.05	0.51
LT loans and advances	1.9	0.38	0.0	0.0	0.0
Other non-current assets	7.42	7.35	5.7	6.55	9.22
Current assets +	63.64	60.28	60.93	60.69	53.18
Inventories	2.41	3.34	2.45	2.02	2.52
Trade receivables	4.02	3.91	2.58	3.36	4.26
Cash and cash equivalents	0.46	3.31	0.98	0.22	1.71
ST loans and advances	1.52	1.51	0.0	0.0	0.0
Other current assets	55.22	48.21	54.93	55.08	44.68
Total assets

Total assets

Profit & Loss

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	15,811.2	16,492.3	21,812.2	31,076.9	27,161.4
Sales growth %	-7.05	4.31	32.26	42.47	-12.6
Expenses +	8,950.9	8,215.2	11,534.0	14,183.1	13,531.3
Cost of goods	378.8	694.0	1,277.2	1,438.4	818.8
Employee cost	3,154.8	3,218.7	3,619.7	4,513.2	4,549.3
Other costs	4,842.2	3,661.5	5,852.2	7,289.5	7,129.4
Operating profit +	7,435.3	8,918.1	11,063.2	17,835.8	14,663.9
Operating margin %	47.0	54.1	50.7	57.4	54.0
Other income	1,785.2	1,039.7	1,184.2	1,599.2	1,963.0
Interest	80.3	68.4	61.1	81.1	66.8
Depreciation	494.7	572.6	723.9	860.9	967.0
Exceptional items	-	-	-	-	-
Profit before tax	8,645.5	9,316.8	11,462.4	18,493.0	15,593.1
Tax	2,218.1	2,444.4	2,981.9	5,017.8	3,747.7
Profit - disc. ops	-	-	-	-	-
Net profit	6,427.4	6,872.4	8,480.5	13,475.2	11,845.4
Net margin %	36.5	39.2	36.9	41.2	40.7

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	89.85	94.07	94.85	95.11	93.26
Expenses +	50.87	46.86	50.16	43.41	46.46
Cost of goods	2.15	3.96	5.55	4.4	2.81
Employee cost	17.93	18.36	15.74	13.81	15.62
Other costs	27.52	20.88	25.45	22.31	24.48
Operating profit	42.25	50.87	48.11	54.58	50.35
Other income	10.15	5.93	5.15	4.89	6.74
Interest	0.46	0.39	0.27	0.25	0.23
Depreciation	2.81	3.27	3.15	2.63	3.32
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	49.13	53.14	49.84	56.59	53.54
Tax	12.61	13.94	12.97	15.36	12.87
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	36.53	39.2	36.88	41.24	40.67

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	15,811.2	16,492.3	21,812.2	31,076.9	27,182.3
Sales growth %	-7.05	4.31	32.26	42.47	-12.53
Expenses +	8,969.4	8,217.1	11,535.1	14,184.1	13,548.4
Cost of goods	378.8	694.0	1,277.2	1,438.4	818.8
Employee cost	3,155.1	3,219.8	3,620.3	4,513.6	4,551.1
Other costs	4,843.1	3,662.3	5,852.7	7,290.1	7,131.4
Operating profit +	7,434.2	8,916.2	11,062.1	17,834.9	14,680.9
Operating margin %	47.0	54.1	50.7	57.4	54.0
Other income	1,785.8	1,039.4	1,153.9	1,588.2	1,956.0
Interest	80.3	68.4	61.1	81.1	68.0
Depreciation	512.1	572.7	723.9	860.9	979.0
Exceptional items	-	-	-	-	-
Profit before tax	8,627.5	9,314.6	11,431.0	18,481.1	15,589.9
Tax	2,219.5	2,444.9	2,982.2	5,017.9	3,748.4
Profit - disc. ops	-	-	-	-	-
Net profit	6,408.0	6,869.7	8,448.8	13,463.2	11,841.5
Net margin %	36.4	39.2	36.8	41.2	40.6

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	89.85	94.07	94.98	95.14	93.29
Expenses +	50.97	46.87	50.23	43.42	46.5
Cost of goods	2.15	3.96	5.56	4.4	2.81
Employee cost	17.93	18.37	15.76	13.82	15.62
Other costs	27.52	20.89	25.48	22.32	24.47
Operating profit	42.25	50.86	48.17	54.6	50.38
Other income	10.15	5.93	5.02	4.86	6.71
Interest	0.46	0.39	0.27	0.25	0.23
Depreciation	2.91	3.27	3.15	2.64	3.36
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	49.03	53.13	49.77	56.58	53.5
Tax	12.61	13.95	12.99	15.36	12.86
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	36.42	39.18	36.79	41.22	40.64

Revenue from operations

Ratios

Standalone

Consolidated

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	0.4	0.0	0.0	0.0	0.0
Net Debt/Equity	0.4	0.0	0.0	0.0	0.0
Total Debt/Assets	0.1	0.0	0.0	0.0	0.0
Total Assets/Equity	8.4	6.0	4.9	3.6	3.1
Liquidity +
Current Ratio	2.5	2.6	2.1	2.0	2.0
Quick Ratio	2.4	2.4	2.0	1.9	1.9
Interest Coverage	92.6	130.4	181.0	219.9	219.4
Performance
Gross Margin	97.6	95.8	94.1	95.4	97.0
Operating Margin	47.0	54.1	50.7	57.4	54.0
Net Margin	36.5	39.2	36.9	41.2	40.7
Return +
Return on Equity	163.8	124.2	103.3	101.3	73.5
Pre-tax ROCE	32.4	36.8	39.2	55.8	42.4
Return on Assets	19.6	20.8	21.0	27.7	23.4
Pre-tax ROIC	124.8	150.8	125.9	127.5	85.0
Efficiency +
Days Payable	643.0	136.0	419.0	404.0	701.0
Days Inventory	765.0	580.0	282.0	250.0	570.0
Days Receivable	31.0	29.0	17.0	19.0	29.0
Fixed Asset Turnover	1.8	1.6	1.6	2.0	1.4
Total Asset Turnover	0.5	0.5	0.5	0.6	0.5
Working Capital
Cash Conversion Cycle	153.0	473.0	-120.0	-135.0	-102.0
Working Capital Days	291.0	270.0	218.0	174.0	182.0

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	0.4	0.0	0.0	0.0	0.0
Net Debt/Equity	0.4	0.0	0.0	0.0	0.0
Total Debt/Assets	0.1	0.0	0.0	0.0	0.0
Total Assets/Equity	8.3	6.0	4.9	3.7	3.1
Liquidity +
Current Ratio	2.5	2.6	2.1	2.0	2.0
Quick Ratio	2.4	2.4	2.0	1.9	1.9
Interest Coverage	92.6	130.4	181.0	219.9	215.9
Performance
Gross Margin	97.6	95.8	94.1	95.4	97.0
Operating Margin	47.0	54.1	50.7	57.4	54.0
Net Margin	36.4	39.2	36.8	41.2	40.6
Return +
Return on Equity	162.2	123.6	102.8	101.2	73.2
Pre-tax ROCE	32.1	36.6	39.1	55.7	41.9
Return on Assets	19.5	20.8	20.9	27.7	23.4
Pre-tax ROIC	125.6	150.2	125.8	127.6	84.7
Efficiency +
Days Payable	644.0	136.0	419.0	404.0	700.0
Days Inventory	765.0	580.0	282.0	250.0	570.0
Days Receivable	31.0	29.0	17.0	19.0	29.0
Fixed Asset Turnover	1.8	1.6	1.6	1.9	1.4
Total Asset Turnover	0.5	0.5	0.5	0.6	0.5
Working Capital
Cash Conversion Cycle	152.0	473.0	-120.0	-135.0	-101.0
Working Capital Days	293.0	270.0	217.0	171.0	183.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

State Bank of India

No. of Loans: 1

Total Amount : 430.0 cr

Charge Holder	Amount	Date of creation/modification
State Bank of India	430.0 cr	28 Dec, 2021

Charges

State Bank of India

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
BHARAT COAL GASIFICATION AND CHEMICALS LIMITED	Active	1.0 L	1
BHARAT COKING COAL LIMITED	Active	4,657.0 Cr	1	Jharkhand
WESTERN COALFIELDS LIMITED	Active	297.1 Cr	1	Maharashtra
COAL INDIA LTD GOVT OF INDIA UNDERTAKING	Active	6,162.7 Cr	1	West Bengal
CIL RAJASTHAN AKSHAY URJA LIMITED	Active	10.0 L	1	Rajasthan
THE SINGARENI COLLIERIES COMPANY LIMITED	Active	1,733.2 Cr	1	Telangana
MAHANADI BASIN POWER LIMITED	Active	5.0 L	1	Orissa
MAHANADI COAL RAILWAY LIMITED	Active	90.0 Cr	2	Odisha
MNH SHAKTI LIMITED	Active	35.1 Cr	1	Orissa
MJSJ COAL LIMITED	Active	95.1 Cr	1	Orissa

Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
MJSJ COAL LIMITED	Orissa	2008	₹ 95.1 Cr
MNH SHAKTI LIMITED	Orissa	2008	₹ 35.1 Cr
MAHANADI COAL RAILWAY LIMITED	Odisha	2015	₹ 90.0 Cr
MAHANADI BASIN POWER LIMITED	Orissa	2011	₹ 5.0 L

Tofler Score

Very Good

Poor

Fair

Good

Very Good

Excellent

Risk

Severe Risk

No risks identified

Moderate Risk

PAYABLES DETERIORATING

Low Risk

HIGH INVENTORY
REVENUE DECLINE

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

CIN

U10102OR1992GOI003038

PAN

AABCM5188P

Incorporation

1992, 33.6 years

Company Email

cosecymcl@gmail.com

Paid up Capital

₹ 1,323.7 Cr

Authorised Capital

₹ 1,600.0 Cr

AGM

Aug 2025

Type

Private

Union Government Company

FAQ - MAHANADI COALFIELDS LIMITED

What is the incorporation date of MAHANADI COALFIELDS LIMITED?

The incorporation date of MAHANADI COALFIELDS LIMITED is 03 April, 1992

What is the authorized share capital of MAHANADI COALFIELDS LIMITED?

The authorized share capital of MAHANADI COALFIELDS LIMITED is INR ₹ 1,600.0 Cr.

What is the paid-up capital of MAHANADI COALFIELDS LIMITED?

The paid-up capital of MAHANADI COALFIELDS LIMITED is INR ₹ 1,323.7 Cr.

What is the registered address of MAHANADI COALFIELDS LIMITED?

The registered address of MAHANADI COALFIELDS LIMITED is JAGRUTI VIHAR BURLA, SAMBALPUR, Orissa, India, 768020 - 768020

What is the CIN number of MAHANADI COALFIELDS LIMITED?

The CIN number of MAHANADI COALFIELDS LIMITED is U10102OR1992GOI003038.

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Tofler, TWS Systems Private Limited and its officers respect the Intellectual Property Rights of all people. Tofler makes no claim of ownership or affiliation with any trademark (REGISTERED OR UNREGISTERED) that forms part of any Company/LLP name listed on this page. Trademarks, if any, listed on this page belong to... Read More

MAHANADI COALFIELDS LIMITED

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