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Nilachal Refractories Ltd (502294)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 502294 NSE: Refractories | Small Cap | Nilachal Refactories Share Price

₹45.50 3.50 (8.33%)

As on 09-Jun'26 14:22

Nilachal Refractories Ltd (502294)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 502294 NSE: Refractories | Small Cap | Nilachal Refactories Share Price

₹45.50 3.50 (8.33%)

As on 09-Jun'26 14:22

Key Metrics
Valuation Multiples
Market Cap
₹86 Cr.
Current Price
₹45.5
52-Week Low / High
₹29 / 57
TTM EPS
₹-2.4
TTM Sales
₹1.6 Cr.
Book Value per Share
₹-16.1
P/E Ratio
0.00
Industry PE
46.9
Price to Book (P/B)
-2.61
Lower than its 5-year historical median
Price to Sales (P/S)
54.06
Lower than its 5-year historical median
EV/EBITDA
-32.42
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
0.00%
Underperforms industry median
Return on Capital Employed (ROCE)
-83.75%
Underperforms industry median
Return on Assets (ROA)
-73.72%
Operating Profit Margin
-2,270%
Net Profit Margin
-2329.42%
Gross Profit Margin
-2,281.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-26.36%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
70.61%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹-53 Cr.
Equity
₹20.4 Cr.
Face Value
₹10
All Time Low / High
₹0.25 / 162.95

Nilachal Refractories stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Nilachal Refractories Ltd a good quality company?
Nilachal Refractories Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Nilachal Refractories Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Nilachal Refractories Ltd vs industry peers?
Nilachal Refractories Ltd revenue CAGR is -9.09%, compared to the industry median CAGR of 4.42%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Nilachal Refractories Ltd?
Promoters hold 70.61% of the Nilachal Refractories Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Nilachal Refractories Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 5.3% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Nilachal Refractories Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -3%-1.4%-1.4%-3.2%-3.1%-3.9%-2.8%-4.3%-2%-83.8%-
Value Creation
Index
-1.2-1.1-1.1-1.2-1.2-1.3-1.2-1.3NANA-

Growth Parameters

Sales 0.52.31.81.91.51.821.11.312
Sales YoY Gr.-391.5%-20.8%4.4%-19.9%17%10.6%-46.5%21.7%-26.4%-
Adj EPS -2.40.3-0.8-0.8-0.8-1.3-0.8-0.9-3.3-10.8-2.4
YoY Gr.-NA-366.7%NANANANANANANA-
BVPS (₹) 5.65.64.843.221.20.3-2.9-13.7-16.1
Adj Net
Profit
-4.80.6-1.6-1.7-1.6-2.6-1.7-1.8-6.6-22-5
Cash Flow from Ops. -0.2-0.4-0.10.10.4-0.10.3-0.3-0.3-1.2-
Debt/CF from Ops. -121.5-35.9-532.3453.2109.8-714130-141.5-128.9-37.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 8.1%-9.1%-21.7%-26.4%
Adj EPS NANANANA
BVPS-210.5%-233.6%-327.8%NA
Share Price 6.6% 7.6% 8.3% 12.2%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-14.61.7-6.6-18.6-21.4-48.1-52-123.1248.2130.116
Op. Profit
Mgn %
-377.5-68.4-80.2-136.4-113.8-65.5-32.2-121.3-162.8-2270-303.4
Net Profit
Mgn %
-102926.4-88.9-86.4-102.6-142.8-84-171.2-513.2-2329.4-306.7
Debt to
Equity
0.70.34.45.36.410.617.974-7.3-1.5-
Working Cap
Days
14,8382,7223,1722,4212,4841,9391,6683,0861,9951,923811
Cash Conv.
Cycle
11,1551,1062,0731,8351,9671,4191,0402,2671,2551,354-1,293

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales0.472.311.831.911.531.791.981.061.290.95
Operating Expenses + 2.353.893.334.533.272.962.622.343.4022.40
Manufacturing Costs0.380.540.500.590.630.790.530.420.400.41
Material Costs0.382.331.853.011.461.370.870.870.790.39
Employee Cost 0.290.170.190.210.180.180.200.200.210.22
Other Costs 1.300.860.780.721.010.621.010.86221.39
Operating Profit -1.88-1.58-1.50-2.61-1.74-1.17-0.64-1.28-2.10-21.46
Operating Profit Margin (%) -400.0%-68.4%-81.7%-136.0%-113.0%-65.6%-32.2%-121.0%-162.0%-2,270.0%
Other Income + 0.291.571.481.680.890.020.040.031.860.12
Exceptional Items 0000000000
Interest 1.751.130.480.010.520.27000.390.22
Depreciation 00.720.720.700.700.690.690.650.560.54
Profit Before Tax -3.34-1.87-1.21-1.64-2.07-2.12-1.29-1.90-1.20-22.10
Tax 1.41-2.490.440.01-0.580.430.37-0.115.30-0.09
Profit After Tax -4.750.62-1.65-1.65-1.48-2.55-1.66-1.79-6.50-22.02
PAT Margin (%) -1,010.3%26.9%-89.9%-86.3%-97.2%-142.0%-83.8%-169.0%-502.0%-2,329.4%
Adjusted EPS (₹)-2.30.3-0.8-0.8-0.7-1.3-0.8-0.9-3.2-10.8
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Nilachal Refactories - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 30.7639.739.728.076.584.032.370.58-5.92-27.94
Share Capital 39.7548.7320.3620.3620.3620.3620.3620.3620.3620.36
Reserves -8.98-9-10.65-12.30-13.78-16.33-17.99-19.79-26.28-48.30
Debt +20.9913.5842.4242.4442.4042.6742.4642.5943.1542.96
Long Term Debt0028.3728.3728.3728.3728.3728.3728.3728.37
Short Term Debt20.9913.5814.0514.0614.0314.3014.0914.2214.7814.59
Minority Interest0000000000
Trade Payables8.667.154.742.302.352.683.013.191.911.20
Others Liabilities 0.72-2.75-2.93-3.08-3.44-3.06-2.11-1.591.402.96
Total Liabilities 61.1457.7253.9549.7247.8946.3245.7244.7640.5419.19

Fixed Assets

Net Fixed Assets +9.908.537.767.076.375.6854.353.785.05
Gross Block18.8318.7718.6718.6818.6818.6918.6918.6018.5520.36
Accumulated Depreciation8.9310.2410.9111.6112.3113.0113.6914.2514.7715.31
CWIP 31.4731.4731.4731.4731.4731.4731.4731.4731.479.39
Investments 0000000000
Inventories13.9411.6510.737.936.836.235.684.964.394.13
Trade Receivables4.014.202.102.222.372.062.603.230.280.07
Cash Equivalents 0.110.240.200.310.150.100.210.080.020.05
Others Assets 1.701.641.690.730.710.780.750.680.590.49
Total Assets 61.1457.7253.9549.7247.8946.3245.7244.7640.5419.19

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -0.17-0.38-0.080.090.39-0.060.33-0.30-0.33-1.15
PBT -3.34-1.87-1.21-1.65-2.07-2.12-1.29-1.90-1.20-22.10
Adjustment 1.721.811.200.691.220.950.670.620.8521.03
Changes in Working Capital 1.42-0.32-0.051.061.251.110.940.980.02-0.08
Tax Paid 0.020-0.01-0.01-0.020.0100-0.010.01
Cash Flow From Investing Activity + 0.020.020.04-00.010.010.010.040.101.59
Capex -000.02-0.01-0-0.01-0.010.030.08-0.22
Net Investments 0000000000
Others 0.020.020.020.010.010.020.010.010.021.81
Cash Flow From Financing Activity + 0.110.48-00.01-0.55-0-0.220.130.17-0.41
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -1.75-1.11-0.470-0.52-0.2700-0.39-0.22
Dividend Paid 0000000000
Others 1.861.590.470.01-0.030.27-0.220.130.56-0.18
Net Cash Flow -0.040.13-0.040.10-0.16-0.050.12-0.13-0.060.03

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-34.565.47-15.62-18.57-20.27-48.1-51.86-121.88N/AN/A
ROCE (%)-2.99-1.4-1.39-3.18-3.11-3.86-2.81-4.32N/AN/A
Asset Turnover Ratio0.010.040.030.040.030.040.040.020.030.03
PAT to CFO Conversion(x)N/A-0.61N/AN/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days3,221.70602624.20412.20549452.50429.701,005.90495.9068.80
Inventory Days01,875.702,217.701,778.701,763.501,334.201,097.901,8351,320.401,644.80
Payable Days8,355.601,240.101,170.60427.20583.10672.301,187.401,306.701,184.301,470.70

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Nilachal Refractories Ltd FAQs

The current trading price of Nilachal Refactories on 09-Jun-2026 14:22 is ₹45.50.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 08-Jun-2026 the market cap of Nilachal Refactories stood at ₹85.52 Cr

The latest P/E ratio of Nilachal Refactories as of 08-Jun-2026 is 0.00.

The latest P/B ratio of Nilachal Refactories as of 08-Jun-2026 is -2.61.

The 52-week high of Nilachal Refactories is ₹56.92 and the 52-week low is ₹28.88.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Nilachal Refactories is ₹1.58 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Nilachal Refractories Ltd is a below average quality company.

The key valuation ratios of Nilachal Refractories Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Nilachal Refractories Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Nilachal Refractories Ltd

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