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RASHTRIYA ISPAT NIGAM LTD

www.vizagsteel.com
Active
Updated: 07 Oct 2024

Rashtriya Ispat Nigam Ltd, is an unlisted public company incorporated on 18 February, 1982. It is classified as a Government of India company and is located in Andhra Pradesh, Andhra Pradesh. It's authorized share capital is INR 15,000.00 cr and the total paid-up capital is INR 4,889.85 cr.

Rashtriya Ispat Nigam Ltd's operating revenue range is Over INR 500 cr for the financial year ending on 31 March, 2023. It's EBITDA has decreased by 119.06% over the previous year. At the same time, it's book networth has decreased by 87.68%.

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Industry

Manufacturing (Metals & Chemicals and their products)
Products
  • Rounds, Channels, Beams, Wire rod coils, Angles, Reinforcement bars, Blooms, Billets.
Key Metrics

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

Sales
1.65%
₹ 23,186.4
EBITDA
-
₹ -2,052.7
Net Profit
-
₹ -4,848.9
Networth
-1260.01%
₹ -4,538.3
Borrowings
-8.85%
₹ 18,616.4
Assets
-10.18%
₹ 30,233.0
Gross Margin
-8.56
23.0 %
Operating Margin
-6.19
-8.8 %
Net Profit Margin
-8.32
-20.7 %
Return on Equity
-
- %
ROCE
-1428.13
-1,451.4 %
Debt to Equity
-56.3
-4.1
Sales
Mar 2024
Net worth
Mar 2024

Locations

indian flag India (65)
State Type Address

location icon Locations on Map

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Tofler Score

Fair
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Poor
Fair
Good
Very Good
Excellent

Risk

Severe Risk
  • VERY LOW INTEREST COVERAGE
Moderate Risk
  • LOSS MAKING
  • LOW ROCE
  • PAYABLES DETERIORATING
  • LOW CASH BALANCE
Low Risk
  • GROSS MARGINS DETERIORATING
  • EBITDA MARGINS 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.

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Financial Highlights

** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales 15,920.5 18,080.9 28,359.3 22,809.4 23,186.4
Operating profit -1,737.6 1,218.1 3,181.0 -606.3 -2,052.7
Net profit -3,910.2 -789.1 913.2 -2,858.7 -4,848.9
Gross margin 31.5 39.6 36.4 31.5 23.0
Operating margin -10.9 6.7 11.2 -2.7 -8.8
Net margin -24.2 -4.3 3.2 -12.4 -20.7
Networth 3,271.8 2,464.2 3,174.6 391.2 -4,538.3
Borrowings 21,127.2 19,972.3 17,148.1 20,423.9 18,616.4
Assets 34,719.8 32,607.9 33,118.3 33,660.0 30,233.0
Debt to equity 6.5 8.1 5.4 52.2 -4.1
Current ratio 0.5 0.4 0.4 0.4 0.3
ROE -119.5 -32.0 28.8 -730.7 -
Days payable 117.0 73.0 103.0 114.0 133.0
WC days -252.0 -232.0 -149.0 -220.0 -290.0
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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 4,889.9 4,889.9 4,889.9 4,889.8 4,889.9
Reserves -1,618.1 -2,425.6 -1,715.3 -4,498.6 -9,428.1
Borrowings + 21,127.2 19,972.3 17,148.1 20,423.9 18,616.4
Long term borrowings 9,759.8 10,116.0 8,772.5 9,171.0 7,279.6
Short term borrowings 11,367.4 9,856.3 8,375.6 11,252.9 11,336.8
Trade payables + 3,497.4 2,177.6 5,104.4 4,889.1 6,502.9
Days payable 117.0 73.0 103.0 114.0 133.0
Other liabilities + 10,320.8 10,171.3 12,795.6 12,844.8 16,154.9
Other non-current liabilities 1,558.6 1,408.9 1,385.3 1,392.7 1,376.7
Other current liabilities 5,264.7 6,584.8 6,305.9 6,563.1 8,275.3
Total liabilities 34,719.8 32,607.9 33,118.3 33,660.0 30,233.0
Fixed Assets + 23,096.4 22,639.3 22,107.1 21,467.1 18,659.3
Tangible assets 19,357.1 19,936.3 19,427.6 18,490.3 17,440.8
CWIP 3,737.9 2,701.8 2,678.8 2,976.4 1,218.2
Intangible assets 1.4 1.2 0.7 0.4 0.3
LT loans and advances 74.9 43.2 4.5 1.4 0.4
Other non-current assets 2,428.0 2,798.5 2,834.6 3,212.1 3,887.1
Current assets + 9,120.5 7,126.9 8,172.2 8,979.4 7,686.2
Inventories 7,030.9 4,958.2 6,068.8 6,585.8 5,270.8
Trade receivables 611.2 871.9 909.7 777.2 222.5
Cash and cash equivalents 18.4 37.0 4.1 2.7 19.9
ST loans and advances - - - - -
Other current assets 1,459.9 1,259.8 1,189.6 1,613.7 2,173.1
Total assets 34,719.8 32,607.9 33,118.3 33,660.0 30,233.0
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Total assets

Profit & Loss

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales + 15,920.5 18,080.9 28,359.3 22,809.4 23,186.4
Sales growth % -22.31 13.57 56.85 -19.57 1.65
Expenses + 20,265.1 19,585.2 27,928.5 26,346.8 28,706.3
Cost of goods 10,912.0 10,915.3 18,047.3 15,619.2 17,861.9
Employee cost 2,620.7 2,588.2 2,817.8 2,710.7 2,605.2
Other costs 4,125.4 3,359.2 4,313.2 5,085.8 4,772.0
Operating profit + -1,737.6 1,218.1 3,181.0 -606.3 -2,052.7
Operating margin % -10.9 6.7 11.2 -2.7 -8.8
Other income 239.1 182.0 287.7 229.0 198.7
Interest 1,498.2 1,528.6 1,545.6 1,738.2 2,173.0
Depreciation 1,108.8 1,193.9 1,204.6 1,192.8 1,294.2
Exceptional items -182.0 286.4 223.1 71.7 102.7
Profit before tax -4,287.5 -1,036.0 941.6 -3,236.5 -5,218.5
Tax -377.3 -246.9 28.4 -377.9 -369.6
Profit - disc. ops - - - - -
Net profit -3,910.2 -789.1 913.2 -2,858.7 -4,848.9
Net margin % -24.2 -4.3 3.2 -12.4 -20.7
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Revenue from operations

Ratios

Standalone
Consolidated
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Solvency +
Total Debt/Equity 6.5 8.1 5.4 52.2 -4.1
Net Debt/Equity 6.5 8.1 5.4 52.2 -4.1
Total Debt/Assets 0.6 0.6 0.5 0.6 0.6
Total Assets/Equity 10.6 13.2 10.4 86.0 -6.7
Liquidity +
Current Ratio 0.5 0.4 0.4 0.4 0.3
Quick Ratio 0.1 0.1 0.1 0.1 0.1
Interest Coverage -1.2 0.8 2.1 -0.3 -0.9
Performance
Gross Margin 31.5 39.6 36.4 31.5 23.0
Operating Margin -10.9 6.7 11.2 -2.7 -8.8
Net Margin -24.2 -4.3 3.2 -12.4 -20.7
Return +
Return on Equity -119.5 -32.0 28.8 -730.7 -
Pre-tax ROCE -23.6 0.2 18.8 -23.2 -1,451.4
Return on Assets -11.3 -2.4 2.8 -8.5 -16.0
Pre-tax ROIC -11.7 0.1 9.7 -8.6 -23.8
Efficiency +
Days Payable 117.0 73.0 103.0 114.0 133.0
Days Inventory 235.0 166.0 123.0 154.0 108.0
Days Receivable 14.0 18.0 12.0 12.0 4.0
Fixed Asset Turnover 0.7 0.8 1.3 1.1 1.2
Total Asset Turnover 0.5 0.6 0.9 0.7 0.8
Working Capital
Cash Conversion Cycle 132.0 111.0 32.0 52.0 -21.0
Working Capital Days -252.0 -232.0 -149.0 -220.0 -290.0
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Ratios

Current ratio
Debt/equity ratio

Charges on assets

Bank wise
Charges
1

State Bank of India

No. of Loans: 3

Total Amount : 12,322.0 cr

2

Canara Bank

No. of Loans: 1

Total Amount : 4,800.0 cr

3

Union Bank of India

No. of Loans: 3

Total Amount : 2,865.0 cr

4

IDBI Bank Limited

No. of Loans: 1

Total Amount : 2,050.0 cr

5

Indian Bank

No. of Loans: 1

Total Amount : 1,000.0 cr

6

Vijaya Bank

No. of Loans: 1

Total Amount : 700.0 cr

7

Andhra Bank

No. of Loans: 1

Total Amount : 510.0 cr

8

Indian bank (e - Allahabad bank)

No. of Loans: 1

Total Amount : 500.0 cr

9

Bank of Baroda

No. of Loans: 1

Total Amount : 254.8 cr

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Charges

State Bank of India
Canara Bank
Union Bank of India
IDBI Bank Limited
Others

People

Designation Name DIN/PAN Tenure
Director Sukriti Likhi
Shareholder
01825997 4 years
Managing Director Bhatt Atul
Shareholder
07639362 4 years
Director Sunil Kumar Hirani 09342744 4 years
Director Ghanshyam Singh 09393441 3 years
Additional Director Arun Kanti Bagchi 09835584 2 years
Director Sanjay Roy 10045280 1 years
Director Suresh Chandra Pandey 10149587 2 years
Kmp Ganesh Srvgk Chaluvadi <HIDDEN> 1 years
Director Ganesh Srvgk Chaluvadi 10577869 1 years
Director Ghantasala Venkata Nagambica Prasad 10612236 1 years
CS Jagadeeshwara Rao Mabagapu <HIDDEN> 7 years

Company Network

Companies connected through Directors

Name Status Paid up Capital Common Directors Address
MECON LIMITED
Active
40.1 Cr 2 Jharkhand
NMDC STEEL LIMITED
Active
2,930.6 Cr 1 Chattisgarh
KIOCL LIMITED
Active
607.8 Cr 2 Karnataka
NMDC LIMITED
Active
293.1 Cr 1 Telangana
THE BISRA STONE LIME COMPANY LIMITED
Active
87.3 Cr 1 Orissa
THE ORISSA MINERALS DEVELOPMENT COMPANY LIMITED
Active
60.0 L 2 Orissa
EASTERN INVESTMENTS LTD
Active
1.4 Cr 2 Orissa
INTERNATIONAL COAL VENTURES PRIVATE LIMITED
Active
1,460.3 Cr 2 Delhi
INDIAN IRON AND STEEL SECTOR SKILL COUNCIL
Active
0.0 1 West Bengal
RINL POWERGRID TLT PRIVATE LIMITED
Active
8.0 Cr 2 Andhra Pradesh
MOIL LIMITED
Active
203.5 Cr 1 Maharashtra

Subsidiary Companies

Name State / Country Incorporation Year Paidup Capital
EASTERN INVESTMENTS LTD Orissa 1927 ₹ 1.4 Cr
THE BISRA STONE LIME COMPANY LIMITED Orissa 1910 ₹ 87.3 Cr
THE ORISSA MINERALS DEVELOPMENT COMPANY LIMITED Orissa 1918 ₹ 60.0 L

Registered Details

CIN

U27109AP1982GOI003404

PAN

AABCR0435L

Incorporation

1982, 43.2 years

Company Email

jagadeeshm@vizagsteel.com

Paid up Capital

₹ 4,889.8 Cr

Authorised Capital

₹ 15,000.0 Cr

AGM

Sep 2023

Type

Public
Union Government Company

FAQ - RASHTRIYA ISPAT NIGAM LTD

What is the incorporation date of RASHTRIYA ISPAT NIGAM LTD?

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The incorporation date of RASHTRIYA ISPAT NIGAM LTD is 18 February, 1982

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

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The authorized share capital of RASHTRIYA ISPAT NIGAM LTD is INR ₹ 15,000.0 Cr.

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

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The paid-up capital of RASHTRIYA ISPAT NIGAM LTD is INR ₹ 4,889.8 Cr.

What is the registered address of RASHTRIYA ISPAT NIGAM LTD?

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The registered address of RASHTRIYA ISPAT NIGAM LTD is ADMINISTRATIVE BUILDINGVISAKHAPATNAM ANDHRA PRADESH NA ANDHRA PRADESH Andhra Pradesh - 530031

What is the CIN number of RASHTRIYA ISPAT NIGAM LTD?

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The CIN number of RASHTRIYA ISPAT NIGAM LTD is U27109AP1982GOI003404.

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