Key Metrics of A2Z Infra Engineering Limited
About A2Z Infra Engineering Limited
Sectors
Company details
- Registered office
- O-116, Ist Floor, Dlf Shopping Mall Arjun Marg, Dlf Ph-i, Gurgaon, Haryana, India,, Gurgaon, In-hr, 122002
- Listed
- NSE: A2ZINFRA · ₹13.74
Operational Areas of A2Z Infra Engineering Limited
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
Sign in with access to company financials to review vendor evidence.
Credit ratings
WatchIssuer not cooperating with CARE (rating based on limited information)
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 10 Jun 2026 | CARE | Non-cooperating | D | — | — | ₹485 Cr | View |
| 20 Mar 2025 | CARE | Other | D | — | — | ₹485 Cr | View |
| 05 Mar 2024 | CARE | Reaffirmed | D | — | — | ₹485 Cr | View |
| 16 Feb 2023 | CARE | Reaffirmed | D | — | — | ₹618 Cr | View |
| 03 Mar 2022 | CARE | Reaffirmed | D | — | — | ₹1,600 Cr | View |
| 09 Mar 2021 | CARE | Reaffirmed | D | — | — | ₹832 Cr | View |
| 28 Apr 2020 | CARE | Revised (from D) | D | — | — | ₹2,029 Cr | View |
| 27 Jan 2020 | CARE | Non-cooperating | D | — | — | ₹2,029 Cr | View |
| 04 Apr 2019 | CARE | Reaffirmed | D | — | — | ₹1,014 Cr | View |
Credit strengths (CARE, Mar 2024)
—
Credit challenges
− Ongoing delays in debt servicing
As per the audited annual report for the FY23(refers to the period from April 01, 2022, to March 31, 2023, and provisional report for 9MFY24(refers to the period from April 01, 2023, to December 31, 2023), there are on-going delays in debt servicing by the company.
Could lead to an upgrade
• Timely repayment of debt obligations for more than three months along with improvement in
Agency-reported financials (CARE, 10 Jun 2026)
| Metric | March 31, 2024 | March 31, 2025 | 9MFY26 |
|---|---|---|---|
| Total operating income | ₹86.08 Cr | ₹49.10 Cr | ₹77.45 Cr |
| PBILDT* | ₹-46.36 Cr | ₹-4.02 Cr | ₹2.41 Cr |
| PAT | ₹-8.71 Cr | ₹-1.05 Cr | ₹-4.51 Cr |
| Overall gearing (times) | 20.71× | 8.80× | — |
| Interest coverage (times) NM NM | 1.81× | — | — |
| Revenue growth (YoY) | — | −43.0% | — |
| PAT margin | −10.1% | −2.1% | −5.8% |
Borrowings & rated debt
Rated limits over time
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| ISSUER NOT continues to remain under Long Term Bank Facilities | Working capital & bank lines | — | ₹148 Cr | — | D | Other | CARE |
| ISSUER NOT continues to remain under Short Term Bank Facilities | Working capital & bank lines | — | ₹337 Cr | — | D | Non-cooperating | CARE |
CARE ratings on record (checked 23 Oct 2026)
| Instrument | Amount | Rating |
|---|---|---|
| Short Term | ₹337 Cr | CARE D; ISSUER NOT COOPERATING* |
| Term Loan | ₹79.8 Cr | CARE D; ISSUER NOT COOPERATING* |
| Working capital facilities | ₹68.0 Cr | CARE D; ISSUER NOT COOPERATING* |
Credit assessment · Construction (EPC contractors)
ICRA Rating Methodology – Construction (Oct 2024) · Standalone accounts · FY 2025-26
Ratios, pillar scores and the indicative rating are part of Premium.
Rating status
| Default | In default (CARE D) |
| Issuer cooperation | Not cooperating since 10 Jun 2026 (4 months) |
| Credit enhancement | None – standalone rating |
| Next action stable or better (model) | 20% |
| Information on file | 78% · missing: Capex / investment plans, Auditor details |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 20% chance the next rating action is stable or better
- Current rating D (below investment grade)
- Interest coverage 1.81×
- Issuer not cooperating with the rating agency
What happened, step by step
- Mar 2024 — Full repayment of debt
- Mar 2025 — ₹776.2 cr raised through equity
“Press Release came up with an IPO in October 2010 and raised Rs.776.2 crore.”
Rated limits by facility
Timeline
From the report
A2Z came up with an IPO in October 2010 and raised Rs.776.2 crore.
From the report
Press Release came up with an IPO in October 2010 and raised Rs.776.2 crore.
From the report
Rating sensitivities: Factors likely to lead to rating actions Positive factors • Timely repayment of debt obligations for more than three months along with improvement in liquidity position of the company.
From the report
A2Z came up with an IPO in October 2010 and raised Rs.776.2 crore.
From the report
Rating sensitivities: Factors likely to lead to rating actions Positive factors • Timely repayment of debt obligations for more than three months along with improvement in liquidity position of the company.
From the report
A2Z came up with an IPO in October 2010 and raised Rs.776.2 crore.
From the report
A2Z came up with an IPO in October 2010 and raised Rs.776.2 crore.
From the report
Eight Hundred Thirty-Two Crore and Seventeen Lakhs Only) Details of instruments/facilities in Annexure-1 Detailed Rationale & Key Rating Drivers The ratings assigned to the bank facilities of A2Z Infra Engineering Limited (A2Z) takes into account the ongoing delays in repayment of the debt obligations by the company due to its stretched liquidity position.
From the report
The company had cash and bank balance of Rs.5.44 crore as on March 31, 2020.
From the report
A2Z came up with an IPO in October 2010 and raised Rs.776.2 crore.
From the report
ISSUER NOT COOPERATING*) 1014.33 (Rupees One Total facilities Thousand Fourteen crore and Thirty- Three lakhs only) Details of instruments/facilities in Annexure-1 Detailed Rationale & Key Rating Drivers The ratings assigned to the bank facilities of A2Z Infra Engineering Limited (A2Z) takes into account the ongoing delay in repayment of its debt obligations by the company due to its stretched liquidity position.
From the report
The company had cash and bank balance of Rs. 8.42 crore as on March 31, 2019 Analytical approach: Standalone Applicable Criteria CARE’s Criteria on assigning Outlook to Credit Ratings CARE’s Policy on Default Recognition Rating Methodology – Infrastructure Sector Ratings Financial ratios – Non-Financial Sector 1Complete definitions of the ratings assigned are available at www.careratings.com and in other CARE publications.
From the report
A2Z came up with an IPO in December 2010 and raised Rs.776.2 crore.
From the report
A2Z came up with an IPO in December 2010 and raised Rs.776.2 crore.
From the report
A2Z came up with an IPO in December 2010 and raised Rs.776.2 crore.
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 A2Z Infra Engineering Limited
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
 Larsen & Toubro |
Capital Goods & Power Equipment · Heavy Engineering & Capital Goods | larsentoubro.com | 1938 | Mumbai, India |
 Thermax |
Capital Goods & Power Equipment · Heavy Engineering & Capital Goods | thermaxglobal.com | 1980 | Pune, India |
 Blue Dart Express |
Outlets operated by Blue Dart Express. | bluedart.com | 1983 | Mumbai, India |
| H.G. INFRA ENGINEERING LIMITED (PART IX) | Machine Tools & Industrial Machinery · Heavy Engineering & Capital Goods | — | — | Jodhpur, Rajasthan, India |
 Tata Hitachi Construction Machinery Company |
Machine Tools & Industrial Machinery · Heavy Engineering & Capital Goods | tatahitachi.co.in | — | India |
 Kirloskar Brothers |
Capital Goods & Power Equipment · Heavy Engineering & Capital Goods | kirloskarpumps.com | 1888 | Pune, India |
 Sansera Engineering Limited |
Machine Tools & Industrial Machinery · Heavy Engineering & Capital Goods | sansera.in | — | Bangalore, Karnataka, India |
 Action Construction Equipment Limited |
Fertilisers, Seeds & Crop Protection · Agriculture & Agri-Inputs | ace-cranes.com | 2009 | Palwal, India |
 AJAX Engineering |
Commercial Vehicles & Buses · Automobile Manufacturers | ajax-engg.com | 1992 | Bangalore, India |
| Il&FS Engineering And Construction Company Limited | · Construction | — | — | Hyderabad, Telangana, 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.