--- title: "Cals Refineries Ltd (526652) — Share Price, Financials & Analysis" symbol: "526652" company: "Cals Refineries Ltd" canonical: "https://tapetide.com/stocks/526652" isin: "INE040C01022" bse_code: "526652" sector: "Energy" industry: "Petroleum Products" generated_at: "2026-09-13T19:02:39.494Z" --- # Cals Refineries Ltd (526652) Canonical page: https://tapetide.com/stocks/526652 ## Company - **BSE Code:** 526652 - **ISIN:** INE040C01022 - **Sector:** Energy - **Industry:** Petroleum Products - **Macro Sector:** Energy - **Stock Type:** EQUITY - **Listed Since:** 1994-12-13 - **Face Value:** ₹1 - **F&O Eligible:** No - **Website:** calsrefineries.com; www.cals.in ## About Cals Refineries Limited is an India-based oil refining and petrochemical company. ## Latest Price ## Key Insights ### Weaknesses - Company has low interest coverage ratio. - Contingent liabilities of Rs.587 Cr. ## Growth Rates | Metric | 1Y | 3Y | 5Y | | --- | --- | --- | --- | | net income growth | 6% | 24% | 12% | ## Financial Statements ### Quarterly Results All figures in ₹ crore unless the row name says otherwise. | Item | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | Expenses | 0.28 | 0.35 | 0.41 | 0.16 | 0.63 | 0.2 | 1.07 | 0.38 | 0.22 | 0.15 | 0.46 | 0.45 | | Operating Profit | -0.28 | -0.35 | -0.41 | -0.16 | -0.63 | -0.2 | -1.07 | -0.38 | -0.22 | -0.15 | -0.46 | -0.45 | | Other Income | -526.1 | 0 | 0 | 0 | 0.3 | 0 | 0 | 0.03 | 0.01 | 0 | 0 | 0 | | Interest | 0 | 0 | 0 | 0 | 0 | 0.05 | 0.05 | 0.06 | 0 | 0.29 | 0.22 | 0.19 | | Depreciation | 0.01 | 0.01 | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | Profit before tax | -526.39 | -0.36 | -0.42 | -0.17 | -0.33 | -0.25 | -1.12 | -0.41 | -0.21 | -0.44 | -0.68 | -0.64 | | Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | Net Profit | -526.39 | -0.36 | -0.42 | -0.16 | -0.33 | -0.25 | -1.12 | -0.41 | -0.21 | -0.44 | -0.68 | -0.65 | | EPS in Rs | -0.63 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ### Profit & Loss All figures in ₹ crore unless the row name says otherwise. | Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | TTM | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Sales | 0.03 | 0 | 0 | 0 | 0.07 | 0 | 0 | 0 | 0 | 0 | | Expenses | 0.05 | 0 | 0 | 268.24 | 2.35 | 2.38 | 1.48 | 1.54 | 1.1 | 1.28 | | Operating Profit | -0.02 | 0 | 0 | -268.24 | -2.28 | -2.38 | -1.48 | -1.54 | -1.1 | -1.28 | | OPM % | -66.67 | — | — | — | -3257.14 | — | — | — | — | — | | Other Income | 0 | 0 | 0 | 0.77 | 3.01 | 5.09 | -558.75 | 0.3 | -0.73 | 0.01 | | Interest | 0 | 0 | 0 | 0.81 | 8.43 | 8.19 | 0 | 0 | 0 | 0.7 | | Depreciation | 0 | 0 | 0 | 0.14 | 0.09 | 0.05 | 0.04 | 0.02 | 0.01 | 0 | | Profit before tax | -0.02 | 0 | 0 | -268.42 | -7.79 | -5.53 | -560.27 | -1.26 | -1.84 | -1.97 | | Tax % | 0 | — | — | 0 | 0 | 0 | 0 | 0 | 0 | — | | Net Profit | -0.02 | 0 | 0 | -268.42 | -7.79 | -5.53 | -560.27 | -1.26 | -1.84 | -1.98 | | EPS in Rs | 0 | 0 | 0 | -0.32 | -0.01 | -0.01 | -0.68 | 0 | 0 | 0 | | Dividend Payout % | 0 | — | — | 0 | 0 | 0 | 0 | 0 | 0 | — | ### Balance Sheet All figures in ₹ crore unless the row name says otherwise. | Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Sep 2017 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Equity Capital | 794 | 794 | 812.88 | 829.4 | 829.4 | 829.4 | 829.4 | 829.4 | 829.4 | 829.4 | | Reserves | -6.74 | -6.74 | 7.94 | -273.58 | -281.37 | -286.9 | -847.19 | -848.46 | -850.3 | -849.47 | | Borrowings | 5.73 | 19.07 | 0.25 | 0.74 | 3.37 | 5.94 | 7.08 | 8.34 | 9.51 | 8.89 | | Other Liabilities | 147.64 | 124.29 | 91.78 | 96.24 | 97.37 | 107.36 | 11.56 | 11.56 | 11.42 | 11.39 | | Total Liabilities | 940.63 | 930.62 | 912.85 | 652.8 | 648.77 | 655.8 | 0.85 | 0.84 | 0.03 | 0.21 | | Fixed Assets | 75.13 | 83.86 | 91.53 | 99.71 | 99.3 | 0.18 | 0.05 | 0.03 | 0.02 | 0.02 | | CWIP | 809.27 | 795.34 | -22.33 | 48.35 | 48.35 | 153.85 | 0 | 0 | 0 | 0 | | Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | Other Assets | 56.23 | 51.42 | 843.65 | 504.74 | 501.12 | 501.77 | 0.8 | 0.81 | 0.01 | 0.19 | | Total Assets | 940.63 | 930.62 | 912.85 | 652.8 | 648.77 | 655.8 | 0.85 | 0.84 | 0.03 | 0.21 | ### Cash Flow All figures in ₹ crore unless the row name says otherwise. | Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Cash from Operating Activity | -27.87 | 112.69 | -15.99 | -23.4 | 3.75 | -2.88 | 3.74 | -1.2 | -1.25 | -1.2 | | Cash from Investing Activity | -325.04 | -551.37 | 4.97 | 5.31 | -9.97 | 0.05 | -6.43 | 0.01 | 0 | 0 | | Cash from Financing Activity | 788.97 | 2.73 | 15.57 | 15.66 | 4.02 | 2.96 | 2.57 | 1.14 | 1.26 | 1.17 | | Net Cash Flow | 436.06 | -435.95 | 4.55 | -2.43 | -2.2 | 0.13 | -0.12 | -0.06 | 0.01 | -0.03 | | Free Cash Flow | -352.91 | -438.68 | -11.02 | -18.09 | -6.47 | -2.83 | -2.69 | -1.19 | -1.25 | -1.2 | | CFO/OP | 2191 | -564250 | — | — | -1 | 126 | -157 | 81 | 81 | 109 | ### Ratios | Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Debtor Days | 273.75 | 0 | — | — | — | 0 | — | — | — | — | | Inventory Days | 0 | 0 | — | — | — | 0 | — | — | — | — | | Cash Conversion Cycle | 273.75 | 0 | — | — | — | 0 | — | — | — | — | | Working Capital Days | -33351.88 | -1522780 | — | — | — | -524557.14 | — | — | — | — | | ROCE % | -0.08 | 0 | 0 | 0 | -0.52 | -0.24 | -0.37 | -0.56 | — | — | ## Shareholding Pattern ### annual | Category | Mar 2017 | Dec 2017 | | --- | --- | --- | | Promoters | 18.14% | 16.28% | | FIIs | 0% | 10.25% | | DIIs | 0.01% | 0% | | Public | 81.86% | 73.47% | | No. of Shareholders | 180097 | 181682 | ### Quarterly | Category | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | | --- | --- | --- | --- | --- | --- | --- | --- | | Promoters | 18.14% | 18.14% | 18.14% | 18.14% | 16.28% | 16.28% | 16.28% | | FIIs | 0% | 0% | 0% | 0% | 10.25% | 10.25% | 10.25% | | DIIs | 0% | 0% | 0% | 0.01% | 0% | 0% | 0% | | Public | 81.86% | 81.86% | 81.86% | 81.86% | 73.47% | 73.47% | 73.47% | | No. of Shareholders | 179557 | 179186 | 179527 | 180097 | 180288 | 180621 | 181682 | ## Technical Indicators Derived from daily closing prices and recomputed each trading session; values move with the market. - **Overall Signal:** Strong Sell - **Buy / Neutral / Sell:** 0 / 7 / 12 ### Moving Averages — summary: **Strong Sell** | Indicator | Value | Signal | | --- | --- | --- | | SMA (10) | 105.11 | Sell | | EMA (10) | 105.25 | Sell | | SMA (20) | 110.53 | Sell | | EMA (20) | 107.51 | Sell | | SMA (50) | 106.48 | Sell | | EMA (50) | 107.27 | Sell | | SMA (100) | 103.83 | Sell | | EMA (100) | 108.01 | Sell | | SMA (200) | 112.07 | Sell | | EMA (200) | 110.28 | Sell | ### Oscillators — summary: **Sell** | Indicator | Value | Signal | | --- | --- | --- | | RSI (14) | 43.45 | Neutral | | MACD (12,26,9) | -1.84 | Sell | | Stochastic (14,3,3) | 20.15 | Neutral | | ADX (14) | 24.39 | Neutral | | Williams %R (14) | -71.5 | Neutral | | ATR (14) | 4.94 | High Volatility | | ROC (12) | -8.76 | Sell | | Stoch RSI (14) | 30.61 | Neutral | | UO (7,14,28) | 42.86 | Neutral | ## Filings & Documents ### Other Documents | Date | Document | | --- | --- | | 7 Feb - Mr. Pankaj Kumar Sharma resigns as Company Secretary & Compliance Officer effective Feb 07, 2026; citing personal reasons. | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer 7 Feb - Mr. Pankaj Kumar Sharma resigns as Company Secretary & Compliance Officer effective Feb 07, 2026; citing personal reasons.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a8d90f8f-7f2e-4cbe-a753-2451faa12e8f.pdf) | | 23 Aug 2018 - Of Supreme court order dated July 17, 2018 and NCLAT order dated July 02, 2018 along with all the orders passed by the NCLT, New … | [Updates on Corporate Insolvency Resolution Process 23 Aug 2018 - Of Supreme court order dated July 17, 2018 and NCLAT order dated July 02, 2018 along with all the orders passed by the NCLT, New …](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/8/9D0E1F1F_EE7F_4F1A_9ECD_1B3945F7F863_124940.pdf) | | 23 Aug 2018 - Intimation of Supreme court order dated July 17, 2018 and NCLAT order dated July 02, 2018 along with all the orders passed by the NCLT, … | [Updates on Corporate Insolvency Resolution Process 23 Aug 2018 - Intimation of Supreme court order dated July 17, 2018 and NCLAT order dated July 02, 2018 along with all the orders passed by the NCLT, …](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9D0E1F1F_EE7F_4F1A_9ECD_1B3945F7F863_124940.pdf) | | 22 Jan - Newspaper advertisement regarding the Extra-Ordinary General Meeting of Integra Essentia Limited ('the Company') | [Announcement under Regulation 30 (LODR)-Newspaper Publication 22 Jan - Newspaper advertisement regarding the Extra-Ordinary General Meeting of Integra Essentia Limited ('the Company')](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8513c600-a1ed-4309-b3cc-e76bf4f0eb2c.pdf) | | 14 Feb - 13 Feb 2026 EGM: approved increase in authorised share capital; appointed Atul Sharma as Director and Whole-time Director. | [Voting Result Of Extra Ordinary General Meeting Along With Scrutinizer'S Report 14 Feb - 13 Feb 2026 EGM: approved increase in authorised share capital; appointed Atul Sharma as Director and Whole-time Director.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d3c98e06-d326-4c47-ab7d-a593801b3225.pdf) | | — | [Shareholder Meeting / Postal Ballot-Outcome of EGM 13 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/625891a7-6e64-4a2b-9aac-ccf0a0b91865.pdf) | | — | [Notice Of Extra-Ordinary General Meeting To Be Held On Friday, February 13, 2026 21 Jan](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6b5e5432-bc28-4b7a-b825-88de22f102fa.pdf) | | — | [Corporate Insolvency Resolution Process (CIRP)-Liquidation - Corporate Insolvency Resolution Process (CIRP) 10 Aug 2019](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5ed478a6-3c9d-4b65-83d2-7e3d621deeca.pdf) | | — | [Corporate Insolvency Resolution Process (CIRP)-Liquidation - Corporate Insolvency Resolution Process (CIRP) 10 Aug 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5ed478a6-3c9d-4b65-83d2-7e3d621deeca.pdf) | | — | [Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP) 9 Aug 2019](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=33e544a0-3efb-4227-bbe5-5de116259e9b.pdf) | ### Annual Reports | Date | Document | | --- | --- | | from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a4ff9448-41d1-4616-bf29-a4e4cb877f24.pdf) | | from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cb9bfdb4-0f81-43d1-bbab-39c47c9a5487.pdf) | | from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4a5f41f8-f149-40fb-a47c-f662cb7b0222.pdf) | | from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/535958/74427535958.pdf) | | from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/535958/72178535958.pdf) | | from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/535958/66217535958.pdf) | | from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/535958/5359580319.pdf) | | from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/535958/5359580318.pdf) | | from bse | [Financial Year 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/535958/5359580317.pdf) | | from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/526652/5266520317.pdf) | --- Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:02:39.494Z.