Key Metrics of Essel Mining & Industries Ltd.
About Essel Mining & Industries Ltd.
Sectors
Company details
- Registered office
- 10 Camac Street, Kolkata, In-wb, 700017
Operational Areas of Essel Mining & Industries Ltd.
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
Sign in to continue See plans & pricingFiling compliance
Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
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Credit ratings
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 31 Jul 2026 | ICRA | Reaffirmed | — | A1+ | — | ₹1,500 Cr | View |
Credit strengths (ICRA, Jul 2026)
+ Established presence in coal mining
EMIL is one of the largest private coal miners in India, operating three coal assets as an MDO - the 17-mtpa Rajmahal coal mine in Jharkhand for Eastern Coalfields Limited, the 5.6-mtpa Amelia coal mine in Madhya Pradesh for THDC India Limited and 5-mtpa Bandha coal mine in Madhya Pradesh for Hindalco Industries Limited.
Credit challenges
− Earnings profile to remain subdued over the next few years following the closure of the highly profitable iron ore mining business
EMIL’s iron ore mining business ended following the expiry of the Koira mining lease on August 26, 2021 .
− Exposure to significant project execution risks associated with foray into large greenfield mining projects
ICRA notes that EMIL refrained from making aggressive bids in the Odisha iron ore auctions and was unable to secure any iron ore mine, including its most profitable 6.28-mtpa Jilling iron ore block.
Could lead to a downgrade
Pressure on EMIL’s rating could arise if its net external debt (excluding CCD) exceeds 25% of the market value of listed equity investments on a sustained basis. Additionally, a deterioration in the company’s earnings profile or significant execution challenges in the ongoing mining projects or lack of timely support from the Aditya Birla Group adversely impacting the
Agency-reported financials (ICRA, 31 Jul 2026)
| Metric | FY2024 | FY2025 | FY2026 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| Operating income (Rs. crore) | ₹2,293 Cr | ₹3,092 Cr | ₹6,285 Cr | ₹896 Cr | ₹660 Cr | ₹447 Cr |
| PAT (Rs. crore) | ₹-22.30 Cr | ₹-,165.00 Cr | ₹14.50 Cr | ₹59.10 Cr | ₹200 Cr | ₹217 Cr |
| OPBDITA/OI (%) | 14.8% | 13.4% | 10.9% | -16.2% | -8.9% | 1.1% |
| PAT/OI (%) | -1.0% | -5.3% | 0.2% | 6.6% | 30.2% | 48.5% |
| Total debt/OPBDITA (times) | 16.80× | 21.40× | 13.00× | -12.70× | -27.70× | 165.90× |
| Interest coverage (times) | 0.90× | 0.70× | 0.90× | -1.00× | -0.40× | 0.00× |
| Revenue growth (YoY) | — | 34.9% | 103.2% | −85.7% | −26.3% | −32.2% |
| EBITDA (margin × income) | ₹339 Cr | ₹414 Cr | ₹685 Cr | ₹-,145.15 Cr | ₹-58.74 Cr | ₹4.92 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹5,701 Cr | ₹8,868 Cr | ₹8,906 Cr | — | — | ₹816 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹377 Cr | ₹592 Cr | ₹761 Cr | — | — | — |
Borrowings & rated debt
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Commercial paper programme | Commercial paper | ₹1,500 Cr | ₹1,500 Cr | 0.0% | A1+ | Reaffirmed | ICRA |
Credit assessment · Manufacturing
Rating Methodology – Manufacturing Companies (Mar 2025) · Standalone accounts · FY 2025-26
Ratios, pillar scores and the indicative rating are part of Premium.
Rating status
| Default | No default on record |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Next action stable or better (model) | 38% |
| Information on file | 56% · missing: Debt obligations and repayment schedule, Capex / investment plans, Auditor details, Shareholding pattern |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 38% chance the next rating action is stable or better
- Interest coverage 0×
What happened, step by step
- Jul 2026 — ₹500 cr raised through preference shares
- Jul 2026 — Full repayment of debt
“Besides, EMIL has also infused Rs. 500 crores into Aditya Birla Renewables Limited by way of preference shares in FY2026.”
Rated limits by facility
Timeline
From the report
Besides, EMIL has also infused Rs. 500 crores into Aditya Birla Renewables Limited by way of preference shares in FY2026.
From the report
The proceeds from the slump sale were used to repay the debt of the pellet segment.
From the report
Besides the company’s financial flexibility, EMIL’s liquidity profile is supported by its sizeable cash and liquid investment balance of ~Rs. 1,509 crore on a consolidated basis as on March 31, 2026.
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Competitors of Essel Mining & Industries Ltd.
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
| Part of Aditya Birla Group. | hindalco.com | 1962 | Mumbai, India | |
| Stainless Steel & Non-Ferrous Metals · Steel, Metals & Pipes | coalindia.in | 1975 | Kolkata, India | |
| Stainless Steel & Non-Ferrous Metals · Steel, Metals & Pipes | vedantalimited.com | — | Coimbatore, India | |
 Adani Enterprises |
Part of Adani Group. | adanienterprises.com | 1993 | Ahmedabad, India |
 Hindustan Zinc |
Stainless Steel & Non-Ferrous Metals · Steel, Metals & Pipes | hzlindia.com | 1966 | Udaipur, India |
 National Aluminium Company (NALCO) |
Stainless Steel & Non-Ferrous Metals · Steel, Metals & Pipes | nalcoindia.com | — | India |
| JAIN RESOURCE RECYCLING LIMITED | Discovered Companies · Other Industries | — | — | Tamil Nadu, India |
| Sarda Energy & Minerals Limited | Stainless Steel & Non-Ferrous Metals · Steel, Metals & Pipes | — | — | Nagpur, Maharashtra, India |
 PENNAR INDUSTRIES LIMITED |
TMT Bars & Secondary Steel · Steel, Metals & Pipes | pennarindia.com | 1977 | Hyderabad, Telangana, India |
 Hindustan Copper |
Part of Life Insurance Corporation of India. | hindustancopper.com | 1967 | Kolkata, India |
Similar companies
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
Principal business activities and related-party transactions are read from MGT-7 and AOC-4 filings.
Filings
No filings on record yet.