The old name of DALMIA BHARAT REFRACTORIES LIMITED was formerly DALMIA REFRACTORIES LIMITED. Pursuant to the Scheme of Amalgamation of Dalmia Refractories Limited (DRL) and GSB Refractories India Private Limited (GSB India) with Dalmia Bharat Refractories Limited (DBRL) and their respective shareholders and creditors ('Scheme'), as approved by the NCLT Chennai vide its Order dated 3rd February 2022, Equity Shareholders of Dalmia Refractories Limited (DRL) received the equity shares of DALMIA BHARAT REFRACTORIES LIMITED (DBRL), in the ratio of 768 equity shares of Rs. 10/- each in the DALMIA BHARAT REFRACTORIES LIMITED (DBRL) for every 100 equity shares of Rs. 10/- each held in DALMIA REFRACTORIES LIMITED (DRL) ('Fair Share Exchange Ratio'). The record date of the same was 11th March 2022.
Earlier it was known as Shri Nataraj Ceramics and Chemical Industries Limited. It is a part of Dalmia Bharat Group, one of India’s oldest conglomerates. Dalmia Refractories Limited is a pioneer in Alumino-Silicate refractories with a market share of over 50% in Alumina bricks used in the manufacturing of cement.
Today, the company is a preferred partner for the big Indian Cement Manufacturers. The product portfolio of the company includes Refractory Bricks for Cement Plant, Fire Clay Bricks, High Alumina Bricks, Special Quality Bricks, Conventional Castables, Low Cement Castables, Special Castables, and Ramming Masses & Mortars.
The Joint Venture of the company, Dalmia Seven offers advanced monolithic refractory solutions to customers in India. Also, through the recent acquisition of GSB Group of Germany, Dalmia Refractories is now the leading supplier of lances and snorkels to steelmakers in Europe. The company also executes supply and installation projects for various green- and brown-field projects for customers across the globe.
Dalmia Refractories Limited is headquartered in New Delhi and currently operates five manufacturing plants including the one in Germany. Dalmia Refractories Limited’s products are exported to places such as South America, Brazil, Argentina, Africa, the Middle East, Canada, Spain, etc.
The equity shares of Dalmia Refractories Limited were listed on the National Stock Exchange of India Limited. However, the trading in the equity shares of Dalmia Refractories Limited was suspended from National Stock Exchange. The company’s equity shares are still listed on the Metropolitan Stock Exchange of India Limited (‘MSEI’) and The Calcutta Stock Exchange Limited (‘CSE’).
21 June 1973
Category/Sub-category of the Company
Public Company Limited by Shares
Address of the Registered office and contact details
Dalmiapuram, P.O. Kallakudi, Tiruchirapalli,
Tel No: 011-23457100
Name, Address, and Contact Details of
Registrar and Transfer Agent, if any
KFin Technologies Private Limited
Karvy Selenium Tower B, Plot 31-32,
Financial District, Nanakramguda,
Serilingampally, Hyderabad – 500032
Tel No: 040-67162222;
PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
Name and Description of main products/services
NIC Code of the product/service
% to the total turnover of the Company
Manufacture & sale of Refractories, Castables
BOARD OF DIRECTORS
Mr. Sameer Nagpal (Managing Director)
Mr. C. Nagaratnam
Mr. M.K. Doogar
Mr. Deepak Thombre
Ms. Leena Rawal
PARTICULAR OF SUBSIDIARY AND JOINT VENTURE
Name of the Company
% of shares held
Dalmia Seven Refractories Limited
Dalmia GSB Refractories GmbH
GSB Refractories India Private Limited
DALMIA REFRACTORIES LIMITED SHARE DETAILS
According to World Refractory Association (WRA), the Refractories market size was over US$ 30 billion and is projected to witness a growth of more than 4% annually between 2019 and 2025. Strong product demand from automotive, aerospace, glass, electrical, and cement industries is expected to drive the refractories market globally over the next five years. Refractories have significant applications in the manufacturing processes for steel, iron, cement, non-ferrous metals, glass, and other industries. Among the aforesaid end-use industries, steel & iron dominates, accounting for more than 65% of the overall refractory consumption followed by cement which accounts for nearly 15 % of consumption.
In India, the Refractories market stands at approximately ₹ 9,000 Cr and has witnessed steady growth due to the growing production of cement, steel, and non-ferrous materials. According to Indian Refractory Manufacturers Association, the Refractories industry has grown by a rate of around 6% in the last financial year. The Refractory Industry has high growth potential for India due to the increasing demand for cement, steel, glass, copper, and aluminum. With the country moving away from plastics, this will open up the demand for glass and metals which will further drive refractory consumption. In the next 5 years, the Refractory consumption is bound to increase multifold.
The steel industry has seen a number of major investments and developments in the recent past. International steel giants like Arcelor Mittal and Nippon Steel view India as their key market offering the refractory industry in India a boost and a big opportunity.
In the view of the COVID 19 pandemic, The Indian refractory market - a key raw material for the production of cement, steel, and glass has seen a decline in demand because of the nationwide lockdown. However, The refractory demand has slowly recovered as these industries normalized. With support from government stimulus, recovery in the construction sector will be led by infrastructure investment. Demand for consumption-driven manufacturing goods increased in the second half of FY 2021.
KEY FINANCIALS OF DALMIA REFRACTORIES LIMITED (In Rs. Lakhs)
Revenue from Operations
Profit/Loss before Tax
Profit After Tax (PAT)
BALANCE SHEET OF DALMIA REFRACTORIES LIMITED (In Rs. Lakhs)
31st March 2021
31st March 2020
NON CURRENT ASSETS
Other non-current assets
TOTAL NON CURRENT ASSETS
Cash and cash equivalent
Other current assets
Assets held for disposal
TOTAL CURRENT ASSETS
EQUITY AND LIABILITIES
Equity Share Capital
NON CURRENT LIABILITIES
Other financial liabilities
Deferred Tax liabilities
TOTAL NON CURRENT LIABILITIES
Other financial liabilities
Other current liabilities
TOTAL CURRENT LIABILITIES
TOTAL EQUITY AND LIABILITIES
Dividend (final + interim) (In Rs.)
Retained Earnings (Consolidated) (In Rs. Lakhs)
PERFORMANCE OF THE COMPANY
Revenue from Operations of the company has decreased by 12.31% from Rs. 45,010.42 lakhs in FY 2020 to Rs. 39,468.12 lakhs in FY 2021. The decrease was mainly due to a nationwide lockdown for the first three months of FY 2021.
EBITDA of the company decreased by 26.71% from Rs. 4,632.05 lakhs in FY 2020 to Rs. 3,394.70 lakhs in FY 2021. EBITDA margins declined from 10.29% in FY 2020 to 8.60% in FY 2021.
Profit After Tax of the company decreased significantly by 58.77% from Rs. 1,613.55 lakhs in FY 2020 to Rs. 665.21 lakhs in FY 2021. PAT margins reduced from 3.56% in FY 2020 to 1.67% in FY 2021.
The Current Ratio of the company as of 31st March 2021 was 1.25. The company does not have any liquidity issues.
Total Debt on the company as of 31st March 2021 stood at Rs. 13,417.19 lakhs. And Debt to Equity ratio of the company as of 31st March 2021 was 0.53.
Dalmia Refractories Limited has consistently and progressively given dividends to its shareholders. For FY 2020, a dividend of Rs. 1.50 per equity share was given.
Book value per equity share of the company as of 31st March 2021 was Rs. 800.
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