Key Metrics of Acme Chem Ltd
About Acme Chem Ltd
Company details
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
WatchDowngraded by ICRA on 05 Nov 2026
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 05 Nov 2026 | ICRA | Downgraded | A- | A2+ | Stable | ₹10.0 Cr | View |
Credit strengths (ICRA, Nov 2026)
+ Established presence in rubber chemicals industry
The Group is an established player in the speciality rubber chemicals industry.
+ Finorchem has two operating chemical manufacturing units
Unit 1 (the rubber chemical manufacturing unit of ACL transferred to Finorchem after the scheme of arrangement w.e.fApril 1, 2019) and Unit 2 (acquired in FY2019).
+ Comfortable capital structure
The consolidated capital structure was comfortable with gearing at 0.4 times and TOL/TNW at 0.6 times as on March 31, 2026, supported by a healthy net worth.
+ Strategic location of plants
Finorchem’s units are located at the chemical hub in Gujarat, with access to large cities such as Surat and Bharuch.
+ Reputed customer base with established relationships reduces offtake risks
Finorchem’s acceptable product quality has led to repeat businesses from its customers over the years.
Credit challenges
− Moderate coverage indicators and slower-than-expected ramp-up of expanded capacities
The coverage indicators moderated in FY2026, owing to lower profitability amid elevated rawmaterial prices in Q4 FY2026, delayed price pass-through and continued pricing pressure from low-priced imports.
− High sectoral concentration risk
The Group’s clientele comprises major tyre manufacturing companies, exposing it to high sectoral concentration risks.
− Large investments in land, primarily through subsidiaries, yet to generate returns
The company has large investments in land, a major portion of which is through its subsidiaries.
Could lead to an upgrade
The ratings could be upgraded if the company records a sustained increase in its scale and profitability while maintaining comfortable debt protection metrics and
Could lead to a downgrade
Pressure on the ratings could arise if there is decline in revenue or profitability, any large debt-funded capex/acquisition resulting in increased leverage and pressure on its coverage metrics on a sustained basis or a stretch in the working capital intensity impacting the
Agency-reported financials (ICRA, 05 Nov 2026)
| Metric | FY2025 | FY2026 |
|---|---|---|
| Operating income (OI) | ₹557 Cr | ₹547 Cr |
| PAT | ₹29.60 Cr | ₹-7.20 Cr |
| OPBDITA/OI | 7.9% | 2.8% |
| PAT/OI | 5.3% | -1.3% |
| Total outside liabilities/Tangible net worth (times) | 0.60× | 0.60× |
| Total debt/OPBDITA (times) | 5.10× | 13.90× |
| Interest coverage (times) | 3.20× | 1.00× |
| Revenue growth (YoY) | — | −1.8% |
| EBITDA (margin × income) | ₹44.01 Cr | ₹15.32 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹224 Cr | ₹213 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹13.75 Cr | ₹15.32 Cr |
Borrowings & rated debt
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long term Short to Term – Unallocated | Working capital & bank lines | ₹10.0 Cr | ₹10.0 Cr | 0.0% | A- / A2+ (Stable) | Downgraded | 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) | 59% |
| Information on file | 56% · missing: Annual results history (3+ years), 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: 59% chance the next rating action is stable or better
- Current rating A- (investment grade)
- Interest coverage 1×
- Working-capital limits 77% utilised on average
- ₹10 cr of rated limits not yet tied to a lender
Rated limits by facility
Timeline
From the report
Average fund-based utilisation remained at around 77% of drawing power during June 2025 to September 2026.
From the report
The company has repayment obligations of around Rs. 28.2 crore in FY2027 and Rs. 26.8 crore in FY2028, which are expected to be serviced through estimated cash flows from operations.
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.
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.