About
Nilachal Refractories Limited provides refractory products in India. The company offers fireclay, alumina, high alumina, tar impregnated and tempered, mullite, and special bricks; and regular dense, medium cement dense, low cement dense, self-flowing, pumpable and shotcreteing, and insulating castables, as well as regular and low cement gunning, low cement gunning, and plastic and ramming. It also provides refractory mortars and coatings, and wet mortars. The company serves cement, copper, glass, and aluminum and petro-chemical industries. The company was formerly known as IPITATA Refractories Ltd and changed its name to Nilachal Refractories Limited in August 1999. Nilachal Refractories Limited was incorporated in 1977 and is based in Kolkata, India.
Key Metrics
as of Sep 2026Market Cap78 Cr
P/E—
Div Yield0.00 %
Book Value₹-16.10
52w High₹56.90
52w Low₹28.90
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.00 | 0.00 | 0.45 | 0.45 | 0.00 | 0.36 | 0.29 | 0.14 | 0.16 | 0.44 | 0.18 | 0.27 | 0.41 |
| Expenses | 0.45 | 0.48 | 4.03 | 0.93 | 0.28 | 20.26 | 0.52 | 0.39 | 1.34 | 2.06 | 0.36 | 0.44 | 0.54 |
| Operating Profit | -0.45 | -0.48 | -3.58 | -0.48 | -0.28 | -19.90 | -0.23 | -0.25 | -1.18 | -1.62 | -0.18 | -0.17 | -0.13 |
| OPM % | — | — | -795.56 | -106.67 | — | -5,527.78 | -79.31 | -178.57 | -737.50 | -368.18 | -100.00 | -62.96 | -31.71 |
| Other Income | 0.15 | 0.10 | 0.31 | 0.17 | 0.02 | 0.10 | 0.00 | 0.00 | 0.02 | 1.82 | 0.02 | 0.00 | 0.01 |
| Depreciation | 0.02 | 0.02 | 0.14 | 0.14 | 0.02 | 0.12 | 0.14 | 0.14 | 0.14 | 0.56 | 0.00 | 0.00 | 0.00 |
| Interest | 0.21 | 0.07 | 0.12 | 0.09 | 0.09 | 0.06 | 0.05 | 0.05 | 0.06 | 0.39 | 0.00 | 0.00 | 0.00 |
| Profit before tax | -0.53 | -0.47 | -3.53 | -0.54 | -0.37 | -19.98 | -0.42 | -0.44 | -1.36 | -0.75 | -0.16 | -0.17 | -0.12 |
| Tax % | 3.77 | 2.13 | 0.00 | 0.00 | 0.00 | -0.25 | 0.00 | 0.00 | -2.94 | 706.67 | 0.00 | 0.00 | 0.00 |
| Net Profit | -0.55 | -0.48 | -3.53 | -0.54 | -0.36 | -19.94 | -0.42 | -0.44 | -1.33 | -6.05 | -0.16 | -0.17 | -0.12 |
| EPS in Rs | -0.27 | -0.24 | -1.73 | -0.27 | -0.18 | -9.79 | -0.21 | -0.22 | -0.65 | -2.97 | -0.08 | -0.08 | -0.06 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.00 | 0.95 | 1.29 | 1.06 | 1.98 | 1.79 | 1.53 | 1.91 | 1.83 | 2.31 | 0.47 | 0.83 |
| Expenses | 1.21 | 21.47 | 3.40 | 2.34 | 2.62 | 2.97 | 3.26 | 4.52 | 3.29 | 3.89 | 2.35 | 1.94 |
| Operating Profit | -1.21 | -20.52 | -2.11 | -1.28 | -0.64 | -1.18 | -1.73 | -2.61 | -1.46 | -1.58 | -1.88 | -1.11 |
| OPM % | — | -2,160.00 | -163.57 | -120.75 | -32.32 | -65.92 | -113.07 | -136.65 | -79.78 | -68.40 | -400.00 | -133.73 |
| Other Income | 0.34 | -0.82 | 1.86 | 0.03 | 0.04 | 0.02 | 0.89 | 1.68 | 1.45 | 1.57 | 0.29 | 0.12 |
| Interest | 0.37 | 0.22 | 0.39 | 0.00 | 0.00 | 0.27 | 0.52 | 0.01 | 0.48 | 1.13 | 1.75 | 2.18 |
| Depreciation | 0.07 | 0.54 | 0.56 | 0.65 | 0.69 | 0.69 | 0.70 | 0.70 | 0.72 | 0.72 | 0.00 | 0.00 |
| Profit before tax | -1.31 | -22.10 | -1.20 | -1.90 | -1.29 | -2.12 | -2.06 | -1.64 | -1.21 | -1.86 | -3.34 | -3.17 |
| Tax % | 0.76 | -0.41 | 441.67 | -5.79 | 28.68 | 20.28 | -28.16 | 0.61 | 36.36 | -133.87 | 42.22 | -38.49 |
| Net Profit | -1.32 | -22.02 | -6.50 | -1.79 | -1.66 | -2.55 | -1.48 | -1.65 | -1.65 | 0.62 | -4.75 | -1.95 |
| EPS in Rs | -0.65 | -10.81 | -3.19 | -0.88 | -0.82 | -1.25 | -0.73 | -0.81 | -0.81 | 0.30 | -2.33 | -0.96 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | -53.15 | -48.30 | -26.28 | -19.79 | -17.99 | -16.33 | -13.78 | -12.30 | -10.65 | -9.00 | -8.97 | -4.21 |
| Borrowings | 45.95 | 44.55 | 43.15 | 42.59 | 42.46 | 42.67 | 42.40 | 42.43 | 42.42 | 41.95 | 40.36 | 38.50 |
| Other Liabilities | 1.46 | 2.58 | 3.31 | 6.81 | 5.97 | 5.06 | 4.79 | 4.53 | 7.13 | 10.16 | 12.65 | 12.44 |
| Total Liabilities | 14.62 | 19.19 | 40.54 | 49.97 | 50.80 | 51.76 | 53.77 | 55.02 | 59.26 | 63.47 | 64.40 | 67.09 |
| Fixed Assets | 4.49 | 5.05 | 3.78 | 4.35 | 5.00 | 5.68 | 6.37 | 7.07 | 7.76 | 8.53 | 9.90 | 9.90 |
| CWIP | 6.07 | 9.39 | 31.47 | 31.47 | 31.47 | 31.47 | 31.47 | 31.47 | 31.47 | 31.47 | 31.47 | 31.47 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 4.06 | 4.75 | 5.29 | 14.15 | 14.33 | 14.61 | 15.93 | 16.48 | 20.03 | 23.47 | 23.03 | 25.72 |
| Total Assets | 14.62 | 19.19 | 40.54 | 49.97 | 50.80 | 51.76 | 53.77 | 55.02 | 59.26 | 63.47 | 64.40 | 67.09 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -1.40 | -1.15 | -0.33 | -0.30 | 0.33 | -0.06 | 0.39 | 0.09 | -0.08 | -0.38 | -0.17 | -2.32 |
| Cash from Investing Activity | 0.35 | 1.59 | 0.10 | 0.04 | 0.01 | 0.01 | 0.01 | 0.00 | 0.04 | 0.02 | 0.02 | 0.04 |
| Cash from Financing Activity | 1.02 | -0.41 | 0.17 | 0.13 | -0.22 | 0.00 | -0.55 | 0.01 | 0.00 | 0.48 | 0.11 | 2.29 |
| Net Cash Flow | -0.03 | 0.03 | -0.06 | -0.13 | 0.12 | -0.05 | -0.16 | 0.10 | -0.04 | 0.13 | -0.04 | 0.01 |
| Free Cash Flow | -1.40 | 0.43 | -0.25 | -0.27 | 0.32 | -0.07 | 0.39 | 0.08 | -0.06 | -0.38 | -0.17 | -2.32 |
| CFO/OP % | 113.00 | 6.00 | 15.00 | 23.00 | -52.00 | 6.00 | -24.00 | -4.00 | 5.00 | 24.00 | 10.00 | 206.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | — | 26.89 | 79.22 | 1,112.22 | 479.29 | 420.06 | 565.39 | 424.24 | 418.85 | 663.64 | 3,114.15 | 2,106.45 |
| Inventory Days | — | 4,074.19 | 2,108.36 | 3,415.85 | 2,439.06 | 1,659.82 | 1,707.50 | 964.82 | 2,117.00 | 1,825.00 | 13,389.74 | 27,490.26 |
| Days Payable | — | 1,183.78 | 917.30 | 2,217.55 | 1,292.53 | 714.01 | 587.50 | 279.83 | 935.19 | 1,120.06 | 8,318.16 | 16,732.37 |
| Cash Conversion Cycle | — | 2,917.30 | 1,270.28 | 2,310.52 | 1,625.82 | 1,365.86 | 1,685.39 | 1,109.22 | 1,600.66 | 1,368.57 | 8,185.73 | 12,864.34 |
| Working Capital Days | — | -4,848.74 | -3,635.85 | -4,194.06 | -2,040.68 | -2,116.59 | -2,147.06 | -1,494.40 | -1,495.90 | -1,121.86 | -11,516.91 | -5,057.23 |
| ROCE % | -6.32 | -77.79 | -2.21 | -4.39 | -2.82 | -3.87 | -3.10 | -3.18 | -1.33 | -1.39 | -3.38 | -1.85 |
Corporate Actions
1 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Other | 02 Aug 2023 | — | — | — | E.G.M. |
Announcements
5 filingsShareholding Pattern
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Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update31 Jul 2025 from crisil
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Rating update30 May 2024 from crisil
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Rating update31 Mar 2023 from crisil
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Rating update31 Jan 2022 from crisil
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Rating update30 Nov 2020 from crisil
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Rating update30 Aug 2019 from crisil