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Rashmi Cement Limited
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Registered Details

RASHMI CEMENT LIMITED

All Companies ›

West Bengal ›

Mining & Quarrying ›

Active

Updated: 16 Oct 2025

The company is engaged in iron and steel industry

Rashmi Cement Limited, is an unlisted public company incorporated on 12 September, 1991. It is classified as a public limited company and is located in , West Bengal. It's authorized share capital is INR 1,000.00 cr and the total paid-up capital is INR 470.46 cr.

Subscription Plans

Industry and products

Mining and Quarrying

TMT Bars, MS Billets, Wire Rods, Pig Iron, DI Pipes, Sinter, Cement, Sponge Iron

Company size

Auth Capital

₹ 1,000.0 Cr

Paidup Capital

₹ 470.5 Cr

Revenue

₹ 3500-3750 cr

Key Metrics

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

Total Revenue

3.27%

₹ 3,726.9

EBITDA

-30.43%

₹ 272.8

Net Profit

-23.03%

₹ 222.3

Networth

7.51%

₹ 3,201.6

Borrowings

-31.86%

₹ 121.5

Assets

6.95%

₹ 3,568.3

Gross Margin

-2.0

18.3 %

Operating Margin

-3.55

7.4 %

Net Profit Margin

-2.04

6.0 %

Return on Equity

-2.76

6.9 %

ROCE

-10.78

18.3 %

Debt to Equity

-0.02

0.0

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (1)

State	Type	Address

Locations on Map

People

Designation	Name	DIN/PAN	Tenure
Director	Dipanjan Mahata	03456228	14 years
Director	Sisir Kumar Bhunia	06818130	11 years
Whole-time Director	Subhendu Biswas	03114508	15 years
Director	Priya Gupta	08194254	1 years
Director	Abhijit Majumdar	02492471	1 years

Financial Highlights

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	1,701.0	2,169.6	3,998.9	3,581.7	3,687.7
Operating profit	403.7	615.5	632.2	392.2	272.8
Net profit	288.9	424.6	443.8	288.8	222.3
Gross margin	30.6	35.6	30.0	20.3	18.3
Operating margin	23.7	28.4	15.8	10.9	7.4
Net margin	16.8	19.4	11.0	8.0	6.0
Networth	1,379.9	1,825.8	2,377.5	2,977.9	3,201.6
Borrowings	339.0	256.7	64.9	178.3	121.5
Assets	2,240.5	2,249.1	2,637.4	3,336.5	3,568.3
Debt to equity	0.2	0.1	0.0	0.1	0.0
Current ratio	2.1	2.8	5.6	3.9	4.0
ROE	20.9	23.3	18.7	9.7	6.9
Days payable	41.0	4.0	5.0	4.0	15.0
WC days	171.0	111.0	88.0	89.0	93.0

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	470.5	470.5	470.5	470.5	470.5
Reserves	909.5	1,355.4	1,907.0	2,507.4	2,731.1
Borrowings +	339.0	256.7	64.9	178.3	121.5
Long term borrowings	-	-	-	-	-
Short term borrowings	339.0	256.7	64.9	178.3	121.5
Trade payables +	131.4	15.4	39.2	29.6	126.5
Days payable	41.0	4.0	5.0	4.0	15.0
Other liabilities +	521.6	166.7	195.0	180.3	245.2
Other non-current liabilities	109.0	54.8	51.5	55.7	50.4
Other current liabilities	281.1	96.5	104.2	95.0	68.3
Total liabilities	2,240.5	2,249.1	2,637.4	3,336.5	3,568.3
Fixed Assets +	458.5	400.3	371.7	342.7	362.8
Tangible assets	430.0	399.0	365.8	331.0	314.0
CWIP	28.5	1.2	6.0	11.7	48.8
Intangible assets	-	-	-	-	-
LT loans and advances	-	-	-	-	-
Other non-current assets	234.8	821.6	1,096.6	1,816.1	1,945.6
Current assets +	1,547.2	1,027.2	1,169.1	1,177.8	1,259.9
Inventories	610.9	381.4	265.0	378.4	592.8
Trade receivables	29.4	18.9	21.4	17.4	15.4
Cash and cash equivalents	16.0	17.6	9.8	44.1	191.3
ST loans and advances	322.2	0.2	0.3	0.3	-
Other current assets	568.7	609.1	872.6	737.5	460.5
Total assets	2,240.5	2,249.1	2,637.4	3,336.5	3,568.3

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	21.0	20.92	17.84	14.1	13.18
Reserves	40.59	60.26	72.31	75.15	76.54
Borrowings +	15.13	11.41	2.46	5.35	3.41
Long term borrowings	0.0	0.0	0.0	0.0	0.0
Short term borrowings	15.13	11.41	2.46	5.35	3.41
Trade payables	5.87	0.69	1.49	0.89	3.55
Other liabilities +	23.28	7.41	7.39	5.4	6.87
Other non-current liabilities	4.87	2.43	1.95	1.67	1.41
Other current liabilities	12.55	4.29	3.95	2.85	1.91
Total liabilities
Fixed Assets +	20.46	17.8	14.09	10.27	10.17
Tangible assets	19.19	17.74	13.87	9.92	8.8
CWIP	1.27	0.06	0.23	0.35	1.37
Intangible assets	0.0	0.0	0.0	0.0	0.0
LT loans and advances	0.0	0.0	0.0	0.0	0.0
Other non-current assets	10.48	36.53	41.58	54.43	54.52
Current assets +	69.06	45.67	44.33	35.3	35.31
Inventories	27.27	16.96	10.05	11.34	16.61
Trade receivables	1.31	0.84	0.81	0.52	0.43
Cash and cash equivalents	0.71	0.78	0.37	1.32	5.36
ST loans and advances	14.38	0.01	0.01	0.01	0.0
Other current assets	25.38	27.08	33.08	22.1	12.9
Total assets

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	470.5	470.5	470.5	470.5	470.5
Reserves	916.2	1,356.2	2,113.2	2,883.4	3,414.9
Borrowings +	465.4	256.7	64.9	178.3	191.5
Long term borrowings	-	-	-	-	-
Short term borrowings	465.4	256.7	64.9	178.3	191.5
Trade payables +	131.2	5.7	71.4	49.9	171.3
Days payable	41.0	1.0	9.0	6.0	16.0
Other liabilities +	567.3	222.5	711.9	351.1	392.8
Other non-current liabilities	109.0	54.9	59.7	73.2	79.6
Other current liabilities	327.0	161.9	580.9	227.9	142.0
Total liabilities	2,419.3	2,305.9	3,360.6	3,883.3	4,469.7
Fixed Assets +	577.5	731.9	1,001.3	1,308.3	1,523.2
Tangible assets	433.1	405.1	777.7	1,177.8	1,328.5
CWIP	144.4	326.8	221.6	128.5	192.7
Intangible assets	-	-	2.0	2.0	2.0
LT loans and advances	-	-	-	-	-
Other non-current assets	237.7	397.4	790.5	1,075.0	1,204.6
Current assets +	1,604.2	1,176.6	1,568.7	1,500.0	1,741.9
Inventories	623.7	425.4	460.8	651.5	907.5
Trade receivables	29.4	18.9	22.4	18.1	16.2
Cash and cash equivalents	18.7	19.5	12.9	48.4	229.1
ST loans and advances	319.8	0.2	0.5	0.8	-
Other current assets	612.7	712.5	1,072.1	781.3	589.0
Total assets	2,419.3	2,305.9	3,360.6	3,883.3	4,469.7

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	19.45	20.4	14.0	12.11	10.53
Reserves	37.87	58.81	62.88	74.25	76.4
Borrowings +	19.24	11.13	1.93	4.59	4.28
Long term borrowings	0.0	0.0	0.0	0.0	0.0
Short term borrowings	19.24	11.13	1.93	4.59	4.28
Trade payables	5.42	0.25	2.12	1.28	3.83
Other liabilities +	23.45	9.65	21.19	9.04	8.79
Other non-current liabilities	4.51	2.38	1.78	1.89	1.78
Other current liabilities	13.52	7.02	17.29	5.87	3.18
Total liabilities
Fixed Assets +	23.87	31.74	29.8	33.69	34.08
Tangible assets	17.9	17.57	23.14	30.33	29.72
CWIP	5.97	14.17	6.6	3.31	4.31
Intangible assets	0.0	0.0	0.06	0.05	0.04
LT loans and advances	0.0	0.0	0.0	0.0	0.0
Other non-current assets	9.82	17.23	23.52	27.68	26.95
Current assets +	66.31	51.02	46.68	38.63	38.97
Inventories	25.78	18.45	13.71	16.78	20.3
Trade receivables	1.21	0.82	0.67	0.47	0.36
Cash and cash equivalents	0.77	0.85	0.38	1.25	5.13
ST loans and advances	13.22	0.01	0.01	0.02	0.0
Other current assets	25.32	30.9	31.9	20.12	13.18
Total assets

Total assets

Profit & Loss

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	1,701.0	2,169.6	3,998.9	3,581.7	3,687.7
Sales growth %	-0.67	27.55	84.32	-10.43	2.96
Expenses +	1,368.9	1,634.5	3,419.1	3,233.0	3,460.3
Cost of goods	1,180.1	1,396.8	2,799.5	2,854.9	3,013.1
Employee cost	28.3	25.0	34.3	41.0	48.0
Other costs	88.9	132.4	532.9	293.7	353.8
Operating profit +	403.7	615.5	632.2	392.2	272.8
Operating margin %	23.7	28.4	15.8	10.9	7.4
Other income	14.6	17.4	25.0	27.1	39.2
Interest	15.3	31.5	9.1	5.2	11.5
Depreciation	56.4	48.9	43.4	38.3	33.9
Exceptional items	-	-	-	-	-
Profit before tax	346.6	552.4	604.7	375.8	266.6
Tax	57.8	127.8	160.9	87.0	44.4
Profit - disc. ops	-	-	-	-	-
Net profit	288.9	424.6	443.8	288.8	222.3
Net margin %	16.8	19.4	11.0	8.0	6.0

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	99.15	99.21	99.38	99.25	98.95
Expenses +	79.79	74.74	84.97	89.59	92.85
Cost of goods	68.79	63.87	69.57	79.11	80.85
Employee cost	1.65	1.14	0.85	1.13	1.29
Other costs	5.18	6.05	13.24	8.14	9.49
Operating profit	23.53	28.14	15.71	10.87	7.32
Other income	0.85	0.79	0.62	0.75	1.05
Interest	0.89	1.44	0.23	0.14	0.31
Depreciation	3.29	2.24	1.08	1.06	0.91
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	20.21	25.26	15.03	10.41	7.15
Tax	3.37	5.84	4.0	2.41	1.19
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	16.84	19.42	11.03	8.0	5.96

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	1,702.0	2,176.3	4,511.9	4,157.8	5,258.5
Sales growth %	-0.62	27.87	107.32	-7.85	26.47
Expenses +	1,370.6	1,641.8	3,693.0	3,611.3	4,659.2
Cost of goods	1,180.9	1,403.3	2,987.3	3,109.0	4,000.0
Employee cost	28.3	25.0	53.6	55.0	85.7
Other costs	89.6	132.6	587.0	369.8	464.0
Operating profit +	403.2	615.3	884.0	624.0	708.8
Operating margin %	23.7	28.3	19.6	15.0	13.5
Other income	16.1	18.5	31.4	34.7	49.7
Interest	15.3	31.5	9.2	5.2	15.1
Depreciation	56.4	49.3	55.9	72.3	94.4
Exceptional items	-	-	-	-	-
Profit before tax	347.6	553.0	850.3	581.2	649.0
Tax	58.0	128.0	203.2	122.9	118.8
Profit - disc. ops	-	-	-	-	-
Net profit	289.6	425.0	647.1	458.4	530.2
Net margin %	16.9	19.4	14.2	10.9	10.0

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	99.06	99.16	99.31	99.17	99.06
Expenses +	79.77	74.8	81.28	86.14	87.77
Cost of goods	68.74	63.94	65.75	74.16	75.36
Employee cost	1.64	1.14	1.18	1.31	1.61
Other costs	5.22	6.04	12.92	8.82	8.74
Operating profit	23.47	28.03	19.46	14.88	13.35
Other income	0.94	0.84	0.69	0.83	0.94
Interest	0.89	1.44	0.2	0.12	0.28
Depreciation	3.28	2.24	1.23	1.72	1.78
Exceptional items	0.01	0.0	0.0	0.0	0.0
Profit before tax	20.23	25.2	18.72	13.86	12.23
Tax	3.38	5.83	4.47	2.93	2.24
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	16.86	19.36	14.24	10.93	9.99

Revenue from operations

Ratios

Standalone

Consolidated

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	0.2	0.1	0.0	0.1	0.0
Net Debt/Equity	0.2	0.1	0.0	0.1	0.0
Total Debt/Assets	0.1	0.1	0.0	0.1	0.0
Total Assets/Equity	1.6	1.2	1.1	1.1	1.1
Liquidity +
Current Ratio	2.1	2.8	5.6	3.9	4.0
Quick Ratio	1.2	1.8	4.3	2.6	2.1
Interest Coverage	26.5	19.5	69.8	75.6	23.6
Performance
Gross Margin	30.6	35.6	30.0	20.3	18.3
Operating Margin	23.7	28.4	15.8	10.9	7.4
Net Margin	16.8	19.4	11.0	8.0	6.0
Return +
Return on Equity	20.9	23.3	18.7	9.7	6.9
Pre-tax ROCE	27.7	53.5	44.2	29.1	18.3
Return on Assets	12.9	18.9	16.8	8.7	6.2
Pre-tax ROIC	20.4	27.4	24.2	11.4	7.5
Efficiency +
Days Payable	41.0	4.0	5.0	4.0	15.0
Days Inventory	189.0	100.0	35.0	48.0	72.0
Days Receivable	6.0	3.0	2.0	2.0	2.0
Fixed Asset Turnover	3.7	5.4	10.8	10.4	10.2
Total Asset Turnover	0.8	1.0	1.5	1.1	1.0
Working Capital
Cash Conversion Cycle	154.0	99.0	32.0	46.0	59.0
Working Capital Days	171.0	111.0	88.0	89.0	93.0

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	0.3	0.1	0.0	0.1	0.1
Net Debt/Equity	0.3	0.1	0.0	0.0	0.0
Total Debt/Assets	0.2	0.1	0.0	0.1	0.0
Total Assets/Equity	1.7	1.3	1.3	1.2	1.1
Liquidity +
Current Ratio	1.7	2.8	2.2	3.3	3.5
Quick Ratio	1.1	1.8	1.5	1.9	1.6
Interest Coverage	26.3	19.5	96.2	119.5	46.9
Performance
Gross Margin	30.6	35.5	33.8	25.2	23.9
Operating Margin	23.7	28.3	19.6	15.0	13.5
Net Margin	16.9	19.4	14.2	10.9	10.0
Return +
Return on Equity	20.9	23.3	25.0	13.7	13.7
Pre-tax ROCE	27.6	38.1	44.7	23.5	22.3
Return on Assets	12.0	18.4	19.3	11.8	11.9
Pre-tax ROIC	18.9	27.4	31.4	15.8	15.8
Efficiency +
Days Payable	41.0	1.0	9.0	6.0	16.0
Days Inventory	193.0	111.0	56.0	76.0	83.0
Days Receivable	6.0	3.0	2.0	2.0	1.0
Fixed Asset Turnover	3.0	3.0	4.5	3.2	3.5
Total Asset Turnover	0.7	0.9	1.3	1.1	1.2
Working Capital
Cash Conversion Cycle	158.0	113.0	49.0	72.0	68.0
Working Capital Days	146.0	126.0	69.0	92.0	86.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

Yes Bank Limited

No. of Loans: 1

Total Amount : 300.0 cr

ICICI Bank Limited

No. of Loans: 1

Total Amount : 250.0 cr

UCO Bank

No. of Loans: 1

Total Amount : 200.0 cr

Bank of Maharashtra

No. of Loans: 1

Total Amount : 150.0 cr

Indian Bank

No. of Loans: 1

Total Amount : 120.0 cr

SBM BANK (INDIA) LIMITED

No. of Loans: 1

Total Amount : 75.0 cr

WEST BENGAL INDUSTRIAL DEVELOPMENT CORPORATION LTD.

No. of Loans: 1

Total Amount : 4.9 cr

INDUSIND BANK LIMITED

No. of Loans: 4

Total Amount : 1.7 cr

Charge Holder	Amount	Date of creation/modification
Indian Bank	120.0 cr	18 Sep, 2025
UCO Bank	200.0 cr	06 Mar, 2025
ICICI Bank Limited	250.0 cr	01 Feb, 2025
Bank of Maharashtra	150.0 cr	14 Nov, 2024
SBM BANK (INDIA) LIMITED	75.0 cr	07 Oct, 2024
Yes Bank Limited	300.0 cr	06 Sep, 2023
INDUSIND BANK LIMITED	0.6 cr	31 May, 2014
INDUSIND BANK LIMITED	0.4 cr	31 Mar, 2014
INDUSIND BANK LIMITED	0.4 cr	31 Mar, 2014
INDUSIND BANK LIMITED	0.4 cr	31 Mar, 2014
WEST BENGAL INDUSTRIAL DEVELOPMENT CORPORATION LTD.	4.9 cr	09 Feb, 2004

Charges

Yes Bank Limited

ICICI Bank Limited

UCO Bank

Bank of Maharashtra

Others

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
MAGNOLIA INFRASTRUCTURE DEVELOPMENT LIMITED	Active	2.0 Cr	1	West Bengal
BENGAL SHELTER HOUSING DEVELOPMENT LIMITED	Active	50.6 Cr	1
KALINGA METALICS LIMITED	Active	6.6 Cr	1	West Bengal
RASHMI METALIKS LIMITED	Active	914.8 Cr	2	West Bengal
JAMURIA STEELS PRIVATE LIMITED	Active	9.9 Cr	2	West Bengal
ORISSA STEEL & POWER PRIVATE LIMITED	Active	852.2 Cr	2
FIVESTAR COMMOSALES PRIVATE LIMITED	Strike Off	1.0 L	1	West Bengal
EASTERNRANGE COAL MINING PRIVATE LIMITED	Active	1.0 Cr	1	West Bengal
ORISSA MINERALS & STEEL PRIVATE LIMITED	Active	1.0 L	2	West Bengal
ANURADHA INVESTMENTS LTD	Active	24.0 L	1	West Bengal
LALWANI FERRO ALLOYS LTD	Active	6.1 Cr	1	West Bengal

Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
APPALOFT MERCHANTS PRIVATE LIMITED	West Bengal	2015	₹ 1.0 L
FORWAY INFRAPROPERTIES PRIVATE LIMITED	West Bengal	2015	₹ 1.0 L

Tofler Score

Very Good

Poor

Fair

Good

Very Good

Excellent

Risk

Severe Risk

No risks identified

Moderate Risk

No risks identified

Low Risk

GROSS MARGINS DETERIORATING
EBITDA MARGINS DETERIORATING
NET MARGIN DETERIORATING
ROCE DETERIORATING

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

U14107WB1991PLC053043

PAN

AABCR4343R

Incorporation

1991, 34.1 years

Company Email

secretarial@rashmigroup.com

Paid up Capital

₹ 470.5 Cr

Authorised Capital

₹ 1,000.0 Cr

AGM

Sep 2024

Type

Public

Others

FAQ - RASHMI CEMENT LIMITED

What is the incorporation date of RASHMI CEMENT LIMITED?

The incorporation date of RASHMI CEMENT LIMITED is 12 September, 1991

What is the authorized share capital of RASHMI CEMENT LIMITED?

The authorized share capital of RASHMI CEMENT LIMITED is INR ₹ 1,000.0 Cr.

What is the paid-up capital of RASHMI CEMENT LIMITED?

The paid-up capital of RASHMI CEMENT LIMITED is INR ₹ 470.5 Cr.

What is the registered address of RASHMI CEMENT LIMITED?

The registered address of RASHMI CEMENT LIMITED is PO-JHARGRAM DIST-PASCHIM MEDINIPUR, JHARGRAM, West Bengal, India, 721507 - 721507

What is the CIN number of RASHMI CEMENT LIMITED?

The CIN number of RASHMI CEMENT LIMITED is U14107WB1991PLC053043.

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