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Neelachal Ispat Nigam Ltd
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Registered Details

NEELACHAL ISPAT NIGAM LTD

ninl.in

Active

Updated: 22 Oct 2024

Neelachal Ispat Nigam Ltd, is an unlisted public company incorporated on 27 March, 1982. It is classified as a public limited company and is located in Khorda, Orissa. It's authorized share capital is INR 12,200.00 cr and the total paid-up capital is INR 5,926.26 cr.

Neelachal Ispat Nigam Ltd's operating revenue range is Over INR 500 cr for the financial year ending on 31 March, 2023.

Industry

Manufacturing (Metals & Chemicals and their products)

Products

kitchen sinks, wash sinks etc., Stainless steel kitchen sinks, stainless steel sinks

Key Metrics

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

Sales

233.23%

₹ 5,505.4

EBITDA

₹ 70.0

Net Profit

₹ -639.2

Networth

₹ -2,690.3

Borrowings

11.37%

₹ 5,507.8

Assets

-6.6%

₹ 3,783.7

Gross Margin

4.16

39.3 %

Operating Margin

46.17

1.3 %

Net Profit Margin

66.88

-11.5 %

Return on Equity

- %

ROCE

27.38

-3.4 %

Debt to Equity

0.37

-2.0

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (7)

State	Type	Address

Locations on Map

Tofler Score

Good

Poor

Fair

Good

Very Good

Excellent

Risk

Severe Risk

VERY LOW INTEREST COVERAGE

Moderate Risk

LOSS MAKING
LOW ROCE
LOW CASH BALANCE
CASH DETERIORATING

Low Risk

No risks identified

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.

Financial Highlights

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	941.1	24.2	257.6	1,652.2	5,505.4
Operating profit	-483.0	-245.4	-223.1	-741.8	70.0
Net profit	-1,758.1	-921.3	-1,215.7	-1,337.7	-639.2
Gross margin	-19.1	-35.1	51.1	35.1	39.3
Operating margin	-51.3	-1,015.9	-86.6	-44.9	1.3
Net margin	-185.2	-3,010.8	-468.3	-78.4	-11.5
Networth	-2,564.7	-3,487.4	-4,704.8	-2,043.6	-2,690.3
Borrowings	2,832.7	2,564.4	3,325.4	4,945.5	5,507.8
Assets	3,127.8	2,926.3	3,830.7	4,051.0	3,783.7
Debt to equity	-1.1	-0.7	-0.7	-2.4	-2.0
Current ratio	0.1	0.1	0.2	1.7	1.6
ROE	-	-	-	-	-
Days payable	89.0	3,507.0	1,699.0	263.0	68.0
WC days	-1,466.0	-72,673.0	-9,837.0	159.0	33.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	740.7	740.7	740.7	1,365.7	1,365.7
Reserves	-3,305.4	-4,228.1	-5,445.5	-3,409.3	-4,056.0
Borrowings +	2,832.7	2,564.4	3,325.4	4,945.5	5,507.8
Long term borrowings	1,271.2	996.6	-	4,945.5	5,507.8
Short term borrowings	1,561.5	1,567.8	3,325.4	-	-
Trade payables +	274.1	313.5	585.7	773.1	626.1
Days payable	89.0	3,507.0	1,699.0	263.0	68.0
Other liabilities +	2,859.8	3,849.3	5,210.2	1,149.1	966.2
Other non-current liabilities	221.6	242.5	135.1	85.6	117.8
Other current liabilities	2,364.1	3,293.3	4,489.4	290.4	222.3
Total liabilities	3,127.8	2,926.3	3,830.7	4,051.0	3,783.7
Fixed Assets +	2,665.7	2,521.0	2,360.0	2,231.3	2,388.7
Tangible assets	2,300.4	2,154.9	2,035.2	1,903.8	2,030.7
CWIP	298.4	300.3	143.1	147.4	183.0
Intangible assets	66.9	65.8	181.7	180.1	175.1
LT loans and advances	-	-	-	-	-
Other non-current assets	41.5	40.3	12.5	36.7	44.1
Current assets +	420.5	364.9	1,458.2	1,783.0	1,350.9
Inventories	334.7	292.2	162.3	898.9	1,102.6
Trade receivables	-	-	-	125.6	101.5
Cash and cash equivalents	35.0	28.2	40.5	23.2	38.9
ST loans and advances	-	-	-	-	-
Other current assets	50.9	44.5	1,255.4	735.3	108.0
Total assets	3,127.8	2,926.3	3,830.7	4,051.0	3,783.7

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	23.68	25.31	19.34	33.71	36.09
Reserves	-105.68	-144.49	-142.15	-84.16	-107.2
Borrowings +	90.57	87.63	86.81	122.08	145.56
Long term borrowings	40.64	34.06	0.0	122.08	145.56
Short term borrowings	49.92	53.58	86.81	0.0	0.0
Trade payables	8.76	10.71	15.29	19.08	16.55
Other liabilities +	91.43	131.54	136.01	28.37	25.54
Other non-current liabilities	7.09	8.29	3.53	2.11	3.11
Other current liabilities	75.58	112.54	117.19	7.17	5.88
Total liabilities
Fixed Assets +	85.23	86.15	61.61	55.08	63.13
Tangible assets	73.55	73.64	53.13	47.0	53.67
CWIP	9.54	10.26	3.74	3.64	4.84
Intangible assets	2.14	2.25	4.74	4.45	4.63
LT loans and advances	0.0	0.0	0.0	0.0	0.0
Other non-current assets	1.33	1.38	0.33	0.91	1.17
Current assets +	13.45	12.47	38.07	44.01	35.7
Inventories	10.7	9.99	4.24	22.19	29.14
Trade receivables	0.0	0.0	0.0	3.1	2.68
Cash and cash equivalents	1.12	0.96	1.06	0.57	1.03
ST loans and advances	0.0	0.0	0.0	0.0	0.0
Other current assets	1.63	1.52	32.77	18.15	2.85
Total assets

Total assets

Profit & Loss

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	941.1	24.2	257.6	1,652.2	5,505.4
Sales growth %	-53.07	-97.43	966.29	541.42	233.23
Expenses +	2,100.3	951.9	966.8	3,044.5	6,170.3
Cost of goods	1,120.8	32.6	125.8	1,072.2	3,344.3
Employee cost	167.7	173.2	187.7	218.1	224.9
Other costs	135.5	63.8	167.1	1,103.6	1,866.3
Operating profit +	-483.0	-245.4	-223.1	-741.8	70.0
Operating margin %	-51.3	-1,015.9	-86.6	-44.9	1.3
Other income	8.0	6.4	2.0	54.6	56.6
Interest	498.7	536.0	319.0	484.8	567.5
Depreciation	177.6	146.3	167.1	165.7	167.3
Exceptional items	-	-	-508.5	-	-31.0
Profit before tax	-1,151.3	-921.3	-1,215.7	-1,337.7	-639.2
Tax	606.8	-	-	-	-
Profit - disc. ops	-	-	-	-	-
Net profit	-1,758.1	-921.3	-1,215.7	-1,337.7	-639.2
Net margin %	-185.2	-3,010.8	-468.3	-78.4	-11.5

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	99.16	78.94	99.22	96.8	98.98
Expenses +	221.31	3110.79	372.41	178.37	110.93
Cost of goods	118.1	106.64	48.48	62.82	60.13
Employee cost	17.67	565.89	72.31	12.78	4.04
Other costs	14.28	208.41	64.38	64.66	33.55
Operating profit	-50.89	-802.0	-85.95	-43.46	1.26
Other income	0.84	21.06	0.78	3.2	1.02
Interest	52.55	1751.59	122.88	28.4	10.2
Depreciation	18.71	478.25	64.37	9.71	3.01
Exceptional items	0.0	0.0	-195.88	0.0	-0.56
Profit before tax	-121.31	-3010.79	-468.29	-78.37	-11.49
Tax	63.94	0.0	0.0	0.0	0.0
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	-185.25	-3010.79	-468.29	-78.37	-11.49

Revenue from operations

Ratios

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	-1.1	-0.7	-0.7	-2.4	-2.0
Net Debt/Equity	-1.1	-0.7	-0.7	-2.4	-2.0
Total Debt/Assets	0.9	0.9	0.9	1.2	1.5
Total Assets/Equity	-1.2	-0.8	-0.8	-2.0	-1.4
Liquidity +
Current Ratio	0.1	0.1	0.2	1.7	1.6
Quick Ratio	0.0	0.0	0.1	0.8	0.3
Interest Coverage	-1.0	-0.5	-0.7	-1.5	0.1
Performance
Gross Margin	-19.1	-35.1	51.1	35.1	39.3
Operating Margin	-51.3	-1,015.9	-86.6	-44.9	1.3
Net Margin	-185.2	-3,010.8	-468.3	-78.4	-11.5
Return +
Return on Equity	-	-	-	-	-
Pre-tax ROCE	59.3	17.1	8.5	-30.8	-3.4
Return on Assets	-56.2	-31.5	-31.7	-33.0	-16.9
Pre-tax ROIC	-283.5	41.2	27.5	-31.5	-3.5
Efficiency +
Days Payable	89.0	3,507.0	1,699.0	263.0	68.0
Days Inventory	109.0	3,269.0	471.0	306.0	120.0
Days Receivable	0.0	0.0	0.0	28.0	7.0
Fixed Asset Turnover	0.3	0.0	0.1	0.7	2.3
Total Asset Turnover	0.3	0.0	0.1	0.4	1.5
Working Capital
Cash Conversion Cycle	20.0	-238.0	-1,228.0	71.0	59.0
Working Capital Days	-1,466.0	-72,673.0	-9,837.0	159.0	33.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

Axis Bank Limited

No. of Loans: 1

Total Amount : 510.0 cr

INDUSTRIAL DEVELOPMEANT BANK OF INDIA

No. of Loans: 1

Total Amount : 75.0 cr

INDUSTERIAL DEVELOPOMENT BANK OF INDIA

No. of Loans: 1

Total Amount : 70.0 cr

IFCI Limited

No. of Loans: 2

Total Amount : 46.0 cr

IDBI Bank Limited

No. of Loans: 1

Total Amount : 35.5 cr

LIFFE INSURANDE CORPORATION OF INDIA

No. of Loans: 1

Total Amount : 15.0 cr

Life Insurance Corporation of India

No. of Loans: 1

Total Amount : 7.3 cr

THE NEW INDIA ASSURANCE COMPANY LTD

No. of Loans: 1

Total Amount : 3.8 cr

UNITED INSURANCE COMPANY LTD

No. of Loans: 1

Total Amount : 3.0 cr

Charge Holder	Amount	Date of creation/modification
Axis Bank Limited	510.0 cr	06 Jul, 2022
IDBI Bank Limited	35.5 cr	15 Sep, 2003
Life Insurance Corporation of India	7.3 cr	12 Aug, 2003
IFCI Limited	26.0 cr	12 Aug, 2003
INDUSTRIAL DEVELOPMEANT BANK OF INDIA	75.0 cr	12 Aug, 2003
IFCI Limited	20.0 cr	10 Jun, 2002
LIFFE INSURANDE CORPORATION OF INDIA	15.0 cr	12 Oct, 1999
UNITED INSURANCE COMPANY LTD	3.0 cr	14 Sep, 1999
THE NEW INDIA ASSURANCE COMPANY LTD	3.8 cr	14 Sep, 1999
INDUSTERIAL DEVELOPOMENT BANK OF INDIA	70.0 cr	03 Jul, 1998

Charges

Axis Bank Limited

INDUSTRIAL DEVELOPMEANT BANK OF INDIA

INDUSTERIAL DEVELOPOMENT BANK OF INDIA

IFCI Limited

Others

People

Designation	Name	DIN/PAN	Tenure
Director	Koushik Chatterjee	00004989	3 years
Director	Srikumar Menon	00470254	3 years
Director	Ansuman Das	02845138	3 years
Director	Narendran Viswanath Thachat	03083605	3 years
Director	Rajiv Kumar	07001339	3 years
Director	Atrayee Sanyal	07011659	3 years
CFO	Sanjib Kumar Ghose Shareholder	<HIDDEN>	3 years
Director	Ashish Anupam	08384201	3 years
Kmp	Sudhir Kumar Mehta	<HIDDEN>	3 years
Managing Director	Sudhir Kumar Mehta	09660981	3 years
Kmp	Sankar Bhattacharya	<HIDDEN>	1 years

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
THE TINPLATE COMPANY OF INDIA LTD	Amalgamated	104.7 Cr	2	West Bengal
TATA STEEL LONG PRODUCTS LIMITED	Amalgamated	12,745.1 Cr	6	Odisha
TATA STEEL BSL LIMITED	Amalgamated	19,918.7 Cr	3	Delhi
CDP OPERATIONS INDIA PRIVATE LIMITED	Active	1.0 L	1	Delhi
CENTENNIAL STEEL COMPANY LIMITED	Amalgamated	5.0 L	1	Maharashtra
TATA STEEL FOUNDATION	Active	1.0 Cr	2	Maharashtra
TATA STEEL DOWNSTREAM PRODUCTS LIMITED	Active	243.0 Cr	2	West Bengal
TATA METALIKS LTD.	Amalgamated	31.6 Cr	1	West Bengal
TATA STEEL LIMITED	Active	1,248.4 Cr	2
RAMP INSURANCE BROKERS PRIVATE LIMITED	Active	75.0 L	1	West Bengal
GOODRICKE GROUP LIMITED	Active	21.6 Cr	1	West Bengal
INTERNATIONAL COMBUSTION (INDIA) LTD	Active	2.4 Cr	1	West Bengal
ETRANS SOLUTIONS PRIVATE LIMITED	Active	7.2 Cr	1	West Bengal
ROHIT FERRO-TECH LIMITED	Amalgamated	11.1 Cr	1	West Bengal
AMARTYA VENTURES PRIVATE LIMITED	Active	20,000.0	1	Orissa
ANGUL ENERGY LIMITED	Amalgamated	10.0 Cr	1	Delhi
TRF LIMITED.	Active	500.0 Cr	1	Jharkhand
THE INDIAN INSTITUTE OF METALS	Active	3.0 Cr	1	West Bengal
STRAIGHT MILE STEEL LIMITED	Strike Off	4.0 L	1	Maharashtra
SAKCHI STEEL LIMITED	Strike Off	4.0 L	1	Maharashtra
JUGSALAI STEEL LIMITED	Strike Off	4.0 L	1	Maharashtra
NOAMUNDI STEEL LIMITED	Strike Off	4.0 L	1	Maharashtra
RANCHI CANCER CARE FOUNDATION	Active	0.0	1	Jharkhand
JAJPUR CLUSTER DEVELOPMENT - NIMZ	Active	10.2 L	1	Orissa
MEDICA TS HOSPITAL PRIVATE LIMITED	Active	73.7 Cr	1	Orissa
TATA STEEL BUSINESS DELIVERY CENTRE LIMITED	Active	4.0 Cr	1	West Bengal
INDIAN IRON AND STEEL SECTOR SKILL COUNCIL	Active	0.0	1	West Bengal
TATA STEEL UTILITIES AND INFRASTRUCTURE SERVICES LIMITED	Active	63.2 Cr	1	Jharkhand
THE BENGAL CHAMBER OF COMMERCE AND INDUSTRY	Active	0.0	1	West Bengal
THE INDIAN STEEL & WIRE PRODUCTS LTD	Active	26.0 Cr	1	West Bengal
FEDERATION OF INDIA MINERAL INDUSTRIES	Active	0.0	1	Delhi
TSIL ENERGY LIMITED	Dissolved	1.1 Cr	1	Odisha

Registered Details

CIN

U27109OR1982PLC001050

PAN

AAACN9433B

Incorporation

1982, 43.1 years

Company Email

cosec@tsninl.com

Paid up Capital

₹ 5,926.3 Cr

Authorised Capital

₹ 12,200.0 Cr

AGM

Sep 2023

Type

Public

Non-government Company

FAQ - NEELACHAL ISPAT NIGAM LTD

What is the incorporation date of NEELACHAL ISPAT NIGAM LTD?

The incorporation date of NEELACHAL ISPAT NIGAM LTD is 27 March, 1982

What is the authorized share capital of NEELACHAL ISPAT NIGAM LTD?

The authorized share capital of NEELACHAL ISPAT NIGAM LTD is INR ₹ 12,200.0 Cr.

What is the paid-up capital of NEELACHAL ISPAT NIGAM LTD?

The paid-up capital of NEELACHAL ISPAT NIGAM LTD is INR ₹ 5,926.3 Cr.

What is the registered address of NEELACHAL ISPAT NIGAM LTD?

The registered address of NEELACHAL ISPAT NIGAM LTD is Samabaya Bhawan, 4th Floor, Unit 9, Janpath Bhoinagar Bhubaneswar Khorda Orissa - 751022

What is the CIN number of NEELACHAL ISPAT NIGAM LTD?

The CIN number of NEELACHAL ISPAT NIGAM LTD is U27109OR1982PLC001050.

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