Balasore Alloys Limited

Company mines and manufactures ferrochrome with domestic production and export capabilities.

1984 | Baleswar, Odisha (India) | Active
Last Updated:

Balasore Alloys Profile

Key Indicators

  • Authorised Capital ₹ 100.00 Cr
  • Paid Up Capital ₹ 46.66 Cr
  • Company Age 40 Year, 10 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 585.59 Cr
  • Satisfied Charges ₹ 255.79 Cr
  • Revenue Growth 6.32%
  • Profit Growth -43.03%
  • Ebitda -413.49%
  • Net Worth -7.06%
  • Total Assets -4.84%

About Balasore Alloys

Balasore Alloys Limited (BAL) is a leading Public Limited Indian Non-Government Company incorporated in India on 31 May 1984 and has a history of 40 years and ten months. Its registered office is in Baleswar, Odisha, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 513142.

The Corporate was formerly known as Ispat Alloys Limited. The Company is engaged in the Metals And Minerals Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 100.00 Cr and a paid-up capital of Rs 46.66 Cr.

The company currently has active open charges totaling ₹585.59 Cr. The company has closed loans amounting to ₹255.79 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Balasore Alloys Limited India are Shiv Dabriwala as CFO and Pankaj Agarwal as Company Secretary. Debasish Ganguly, Rajib Das, Ketan Kale, and Six other members serve as directors at the Company.

Company Details

  • Location

    Baleswar, Odisha, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L27101OR1984PLC001354

  • Company No.

    001354

  • Stock Symbol

    BSE : 513142

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    31 May 1984

  • Date of AGM

    27 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Cuttack

Industry

Metals and Minerals

What products or services does Balasore Alloys Limited offer?

Balasore Alloys Limited offers a wide range of products and services, including Building & Real Estate Developers, Construction Service, Landscape Structure and Designing, Landscaping Services, Quartz Ore, Quartz Mineral, Ferro Alloys, High Carbon Ferrochrome, Extraction Plants and Extruders, Metal Refining Plant.

Company report

Balasore Alloys Limited

Explore comprehensive data for Balasore Alloys Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Balasore Alloys?

Executive Team (3)

NameDesignationAppointment DateStatus
Shiv Dabriwala CFO25-Apr-2024Current
Pankaj Agarwal Company Secretary17-Jul-2023Current
Debasish Ganguly Country flag representing In Managing Director10-Apr-2023Current

Board Members (8)

NameDesignationAppointment DateStatus
Rajib Das Country flag representing In Director 02-Apr-2021Current
Ketan Kale Country flag representing In Director 13-Aug-2024Current
Naga Chikali Country flag representing In Whole-Time Director 28-Mar-2024Current
Pravakar Mohanty Country flag representing In Director 15-Feb-2023Current
Pankaj Kapoor Country flag representing In Additional Director 05-Nov-2024Current
Ramen Raymandal Country flag representing In Director 15-Feb-2023Current

Financial Performance of Balasore Alloys.

Balasore Alloys Limited, for the financial year ended 2022, experienced modest growth in revenue, with a 6.32% increase. The company also saw a substantial fall in profitability, with a 43.03% decrease in profit. The company's net worth dipped by a decrease of 7.06%.

Balasore Alloys revenue growth over time
Balasore Alloys profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
6.32%
Revenue from Operations
1.94%
Total Assets
-4.84%
Profit or Loss
-43.03%
Net Worth
-7.06%
EBITDA
-413.49%

What is the Ownership and Shareholding Structure of Balasore Alloys?

In 2023, Balasore Alloys had a promoter holding of 61.44% and a public holding of 38.56%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹585.59 Cr

Satisfied Charges

₹255.79 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of India : 446.06 Cr
  • Others : 61.21 Cr
  • Sbicap Trustee Company Limited : 46.86 Cr
  • State Bank Of Hyderabad : 27.89 Cr
  • Hinduja Leyland Finance Limited : 2.07 Cr
  • Others : 1.50 Cr

Latest Charge Details

DateLenderAmountStatus
27 Mar 2017Others₹13.00 CrOpen
09 Mar 2016Others₹48.21 CrOpen
22 Apr 2015Hinduja Leyland Finance Limited₹2.11 MOpen
24 Mar 2015Hinduja Leyland Finance Limited₹1.02 MOpen
17 Mar 2015Sbicap Trustee Company Limited₹46.86 CrOpen

How Many Employees Work at Balasore Alloys?

Balasore Alloys has a workforce of 563 employees as of Apr 10, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Balasore Alloys Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Balasore Alloys, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Balasore Alloys's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Balasore Alloys

Recent activity within the organization

  • Director Appointment

    Pankaj Kapoor was appointed as a Additional Director was appointed as a Additional Director on 05 Nov 2024 & has been associated with this company since 5 months 9 days .

  • Annual General Meeting

    Balasore Alloys Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.

  • Director Appointment

    Ketan Vasant Kale was appointed as a Director was appointed as a Director on 13 Aug 2024 & has been associated with this company since 8 months 1 day .

  • Director Appointment

    Shiv Kumar Dabriwala was appointed as a Cfo was appointed as a Cfo on 25 Apr 2024 & has been associated with this company since 11 months 20 days .

  • Balance Sheet

    Balasore Alloys Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Cuttack.

  • Director Appointment

    Naga Raju Chikali was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 28 Mar 2024 & has been associated with this company since 1 year 17 days .

Frequently asked questions

  • What is the Incorporation or founding date of Balasore Alloys Limited?

    Balasore Alloys Limited was incorporated on 31 May 1984.

  • What is authorized share capital and paid-up capital of Balasore Alloys Limited?

    The authorized share capital of Balasore Alloys Limited is ₹ 100.00 Cr and paid-up capital is ₹ 46.66 Cr.

  • Who are the current board members & directors of Balasore Alloys Limited?

    Currently 11 directors are associated with Balasore Alloys Limited.

    • Shiv Kumar Dabriwala
    • Pankaj Kumar Agarwal
    • Debasish Ganguly
    • Rajib Das
    • Ketan Vasant Kale
    • Naga Raju Chikali
    • Pravakar Mohanty
    • Pankaj Kapoor
    • Ramen Raymandal
    • Paramesh Bhattacharya
    • Shweta Jain

  • What is the registered address of Balasore Alloys Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Balasore Alloys Limited is Balgopalpur India, Balasore, Orissa, 756020.

  • What is the corporate identification number (CIN) and company number of Balasore Alloys Limited?

    The corporate identification number (CIN) of Balasore Alloys Limited is L27101OR1984PLC001354 and the company number is 001354 as per Ministry of Corporate Affairs (MCA).

  • Is Balasore Alloys Limited registered with any stock exchange in India?

    Yes, Balasore Alloys Limited is registered on Bombay Stock Exchange (BSE).

  • What is the official website of Balasore Alloys Limited?

    The Official website of Balasore Alloys Limited is https://www.balasorealloys.com

  • What has been the recent revenue trend for Balasore Alloys Limited?

    According to the financial reports for the fiscal year 2022, the revenue trend for Balasore Alloys Limited has risen by 6.32%.

  • How many employees does Balasore Alloys Limited currently have?

    As Per 2022 financial reports, 563 employees are currently employed by Balasore Alloys Limited.

  • What change has been observed in the net worth of Balasore Alloys Limited, and by what percentage?

    The financial reports for the fiscal year 2022 indicates that The net worth of Balasore Alloys Limited has experienced an downturn of -7.06%.

  • What are the total open charges for Balasore Alloys Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for Balasore Alloys Limited amount to ₹ 585.59 Cr.

  • When was the last Balance Sheet of Balasore Alloys Limited filed with the ROC?

    The most recent Balance Sheet for Balasore Alloys Limited was filed with the ROC on 31 Mar 2024.

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