Kathmandu. Kalika Refinery Pvt Ltd has made a turnover of about Rs 3.5 billion in the 10 months of the last fiscal year. The company’s business has increased compared to the previous year. In 2024, the company had a turnover of Rs 2.09 billion and in the 10-month period of the last fiscal year, the company did business of Rs 3.41 billion.

Similarly, the company had a turnover of Rs 2.61 billion in 2023, Rs 2.81 billion in 2022 and Rs 44 million in 2021. The company’s business grew by 12 percent in the 10-month period of 2025 compared to nine months in 2024.

Obidta/OI of the company declined by 37.0 percent in 2021 and is now profitable. In the 10 months of 2025, the company’s OBIDTA/OI stood at 3.2 percent. In 2023, the company’s OBIDTA/OI was at minus 12.1 percent and in 2024 it increased by 5.5 percent.

The company has a rating of Rs 2 billion for long-term and short-term loans. The company has a rating of Rs 15 code 6 million for long-term loans and Rs 1.84 billion for short-term loans. Rating agency Nepal has given ‘ICRA NP-LB’ rating to the long-term rating of the company and ‘ICRA NP-A4’ rating to the short-term loan rating.

Deepak Prasad Sapkota, Madan Sapkota and Kusum Kandel Sapkota own shares in the company. Founded in 2019, the company has been processing and producing sunflower, soybean and mustard oil. The company has been selling oil under bela, ambe and agro gold brands. The company was established in 2019 and started business business in June 2021. The company produces 100 metric tonnes of oil per day.