Nilachal Refractories quarterly results and financials

Nilachal Refractories (BSE 502294)₹37.89+3.81%(9 Nov 2026 close)Electrodes & Refractories

Key facts

In the Mar 2026 quarter (standalone), Nilachal Refractories reported sales of ₹0.48 Cr, up 37.1% from Mar 2025, and net profit of −₹0.37 Cr. For the year to Mar 2026, sales were ₹1.57 Cr and net profit −₹4.86 Cr.

Sales (Mar 2026): ₹0.48 Cr
Net profit (Mar 2026): −₹0.37 Cr
Sales (FY Mar 2026): ₹1.57 Cr
Net profit (FY Mar 2026): −₹4.86 Cr
EPS (Mar 2026): ₹−0.19
Borrowings (Mar 2026): ₹45.87 Cr

Company filings, standalone accounts; latest reported quarter Mar 2026

Nilachal Refractories quarterly results

₹ crore unless stated; each column is a quarter.

Nilachal Refractories Quarterly results
	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	0.40	0.26	0.17	0.43	0.15	0.13	0.28	0.35	0.19	0.44	0.44	0.48
Expenses	0.53	0.43	0.35	2.05	1.33	0.38	0.51	20.25	0.40	0.92	4.02	1.01
Operating Profit	−0.12	−0.16	−0.17	−1.61	−1.17	−0.24	−0.22	−19.87	−0.20	−0.47	−3.57	−0.52
OPM %	−31.8%	−63.0%	−100.0%	−368.2%	−737.5%	−178.6%	−79.3%	−5,527.8%	−105.1%	−106.7%	−795.6%	−108.2%
Other Income	0.00	0.00	0.01	1.81	0.01	0.00	0.00	0.09	0.01	0.16	0.30	0.29
Interest	0.00	0.00	0.00	0.38	0.05	0.04	0.04	0.05	0.10	0.10	0.13	0.06
Depreciation	0.00	0.00	0.00	0.55	0.13	0.13	0.15	0.13	0.13	0.13	0.13	0.15
Profit before tax	−0.13	−0.16	−0.15	−0.74	−1.35	−0.43	−0.41	−19.97	−0.41	−0.53	−3.52	−0.45
Tax %	0.0%	0.0%	0.0%	706.6%	−3.0%	0.0%	0.0%	−0.3%	0.0%	0.0%	0.0%	−16.0%
Net Profit	−0.13	−0.18	−0.17	−6.06	−1.34	−0.45	−0.43	−19.96	−0.43	−0.55	−3.54	−0.37
EPS (Rs)	−0.07	−0.09	−0.09	−2.98	−0.66	−0.23	−0.22	−9.82	−0.22	−0.28	−1.74	−0.19

Nilachal Refractories profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Nilachal Refractories Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	0.46	2.30	1.82	1.90	1.52	1.78	1.97	1.05	1.28	0.94	1.57	1.55
Expenses	2.34	3.88	3.28	4.51	3.25	2.96	2.61	2.33	3.39	21.46	6.38	6.35
Operating Profit	−1.87	−1.57	−1.45	−2.60	−1.72	−1.17	−0.63	−1.27	−2.10	−20.49	−4.80	−4.76
OPM %	−400.0%	−68.4%	−79.8%	−136.7%	−113.1%	−65.9%	−32.4%	−120.8%	−163.6%	−2,160.1%	−304.5%	−307.1%
Other Income	0.28	1.56	1.44	1.67	0.88	0.01	0.03	0.02	1.85	−0.81	0.79	0.76
Interest	1.76	1.14	0.49	0.02	0.53	0.28	0.00	0.00	0.38	0.21	0.36	0.39
Depreciation	0.00	0.73	0.71	0.71	0.69	0.68	0.70	0.66	0.55	0.55	0.56	0.54
Profit before tax	−3.35	−1.87	−1.20	−1.63	−2.05	−2.11	−1.28	−1.89	−1.19	−22.09	−4.94	−4.91
Tax %	42.2%	−134.0%	36.3%	0.6%	−28.2%	20.2%	28.6%	−5.8%	441.6%	−0.4%	−1.4%	—
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	−1.01	0.00	—
Net Profit	−4.76	0.63	−1.66	−1.66	−1.49	−2.56	−1.67	−1.80	−6.51	−22.04	−4.86	−4.89
EPS (Rs)	−2.34	0.31	−0.82	−0.82	−0.74	−1.26	−0.83	−0.89	−3.20	−10.84	−2.39	−2.43
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

Nilachal Refractories balance sheet

₹ crore, at each year end.

Nilachal Refractories Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	20.42	20.42	20.42	20.42	20.43	20.42	20.43	20.43	20.42	20.41	20.37	20.39
Reserves	−4.20	−8.94	−8.96	−10.61	−12.26	−13.74	−16.28	−17.92	−19.72	−26.21	−48.20	−53.08
Borrowings	38.53	40.35	41.92	42.43	42.44	42.40	42.66	42.43	42.58	43.13	44.49	45.87
Other Liabilities	12.50	12.71	10.21	7.17	4.54	4.81	5.09	5.97	6.84	3.29	2.56	1.46
Total Liabilities	67.25	64.54	63.59	59.41	55.15	53.89	51.90	50.91	50.12	40.62	19.22	14.64
Fixed Assets	9.86	9.86	8.49	7.73	7.04	6.35	5.66	4.98	4.34	3.77	5.03	4.48
CWIP	31.60	31.57	31.58	31.59	31.57	31.57	31.59	31.56	31.58	31.55	9.42	6.09
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	25.79	23.11	23.52	20.09	16.54	15.97	14.65	14.37	14.20	5.30	4.77	4.07
Inventories	14.34	13.98	11.67	10.75	7.95	6.84	6.24	5.69	4.97	4.40	4.14	3.39
Trade receivables	4.80	4.00	4.21	2.09	2.23	2.36	2.05	2.61	3.24	0.27	0.06	0.07
Cash & equivalents	0.14	0.10	0.23	0.19	0.30	0.14	0.09	0.20	0.07	0.01	0.04	0.01
Total Assets	67.25	64.54	63.59	59.41	55.15	53.89	51.90	50.91	50.12	40.62	19.22	14.64

Nilachal Refractories cash flow

₹ crore, for each year.

Nilachal Refractories Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	−2.31	−0.16	−0.37	−0.07	0.08	0.38	−0.05	0.32	−0.29	−0.32	−1.14	−1.39
Cash from investing activity	0.05	0.01	0.03	0.05	0.00	0.02	0.02	0.00	0.03	0.11	1.58	0.36
Cash from financing activity	2.30	0.12	0.49	0.00	0.02	−0.56	0.00	−0.23	0.14	0.18	−0.42	1.03
Net cash flow	0.00	−0.03	0.12	−0.03	0.09	−0.17	−0.04	0.11	−0.12	−0.05	0.02	−0.02
Capex	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.21	0.00
Free cash flow	−2.31	−0.16	−0.37	−0.05	0.07	0.38	−0.06	0.31	−0.26	−0.24	0.42	−1.39
CFO / OP %	206.1%	10.0%	24.0%	5.0%	−4.0%	−23.9%	6.0%	−51.9%	23.0%	15.0%	6.0%	28.0%

Nilachal Refractories ratios

Working-capital days and returns, by year.

Nilachal Refractories Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	2,105	3,113	663	418	423	564	419	478	1,111	78	26	13
Inventory days	27,489	13,389	1,824	2,116	964	1,706	1,659	2,438	3,415	2,107	4,073	1,174
Days payable	16,731	8,317	1,119	934	279	586	713	1,292	2,217	916	1,183	131
Cash conversion cycle	12,863	8,185	1,368	1,600	1,108	1,684	1,365	1,625	2,310	1,269	2,916	1,056
Working capital days	−5,056	−11,516	−1,121	−1,495	−1,493	−2,146	−2,116	−2,040	−4,193	−3,635	−4,848	−3,157
ROCE %	−1.9%	−3.4%	−1.4%	−1.3%	−3.2%	−3.1%	−3.9%	−2.8%	−4.4%	−2.2%	−77.8%	−30.7%

Nilachal Refractories: frequently asked questions

What are the latest quarterly results of Nilachal Refractories?

For the Mar 2026 quarter, Nilachal Refractories reported sales of ₹0.48 Cr, up 37.1% year on year and net profit of −₹0.37 Cr. The operating margin was −108.2%.

What is the annual revenue of Nilachal Refractories?

Nilachal Refractories' sales for the year to Mar 2026 were ₹1.57 Cr; over the last twelve months they were ₹1.55 Cr.

What is the net profit of Nilachal Refractories?

Net profit for the year to Mar 2026 was −₹4.86 Cr, and −₹4.89 Cr over the last twelve months. Earnings per share over the same trailing period were ₹−2.43.

How much debt does Nilachal Refractories have?

Nilachal Refractories reported borrowings of ₹45.87 Cr at Mar 2026, against cash and equivalents of ₹0.01 Cr.

What is the free cash flow of Nilachal Refractories?

Cash from operations was −₹1.39 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹1.39 Cr.

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