Key Metrics of Ajay Enterprises
About Ajay Enterprises
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
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 22 Oct 2026 | ICRA | Reaffirmed | — | — | Stable | ₹60.4 Cr | View |
Credit strengths (ICRA, Oct 2026)
+ Adequate sales and collections; strong leverage
The company’s ongoing residential project, Eros Sampoornam 3, is expected to drive adequate sales and collections in FY2027.
+ Comfortable cash flow adequacy ratio
AEPL’s cash flow adequacy ratio remained comfortable at 74% as of August 2026, backed by adequate sales velocitywith committed receivables of Rs. 299.3 crores against the pending cost of Rs. 404.3 crore and nil external outstanding debt on its ongoing residential project– Eros Sampoornam 3.
Credit challenges
− Modest scale of operations
In FY2026, the company registered a profit after tax of Rs. 138.4 crore compared to Rs. 7.7 crore in FY2024, supported by revenue recognition from the completed project, Eros Sampoornam 2.
Could lead to an upgrade
Significant and sustainable increase in scale of operations and profitability while maintaining comfortable leverage metrics would result in a rating upgrade.
Could lead to a downgrade
Negative pressure on the ratings could arise in case of pressure on bookings and collections or decline in rentals from Vishal Cinemas, or significant increase in indebtedness, resulting in moderation in AEPL’s leverage and coverage indicators.
Agency-reported financials (ICRA, 22 Oct 2026)
| Metric | FY2025 | FY2026 |
|---|---|---|
| Operating income (OI) | ₹201 Cr | ₹356 Cr |
| PAT | ₹7.70 Cr | ₹138 Cr |
| OPBDIT/OI | 11.8% | 49.0% |
| PAT/OI | 3.8% | 38.9% |
| Total outside liabilities/Tangible net worth (times) | 2.80× | 1.40× |
| Total debt/OPBDIT (times) | 4.90× | 0.40× |
| Interest coverage (times) | 2.10× | 25.60× |
| Revenue growth (YoY) | — | 76.9% |
| EBITDA (margin × income) | ₹23.77 Cr | ₹175 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹116 Cr | ₹69.84 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹11.32 Cr | ₹6.82 Cr |
Borrowings & rated debt
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long term – Fund-based – Term [ICRA] BBB+ () loan | Working capital & bank lines | ₹53.3 Cr | ₹49.4 Cr | −7.4% | — | Reaffirmed | ICRA |
| Short term – Non-fund based [ICRA] A3+ | Non-fund based limits | ₹10.0 Cr | ₹10.0 Cr | 0.0% | — | Reaffirmed | ICRA |
| Long term – Fund-based – WCTL [ICRA] BBB+ () | Working capital & bank lines | ₹4.22 Cr | ₹1.05 Cr | −75.1% | — | 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) | 61% |
| 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: 45% chance the next rating action is stable or better
- Interest coverage 25.6×
Rated limits by facility
Timeline
From the report
Liquidity position: Adequate The company’s liquidity position is expected to remain Adequate, supported by unencumbered cash and bank balance of Rs. 218.1 crore as of August 2026 (including Rs. 148 crore in fixed deposits).
From the report
Further, it has external debt repayment obligations of around Rs. 9.9 crore in FY2027 and Rs. 7.6 crore in FY2028, which are likely to be adequately met through cash flow from operations. www.icra.in Sensitivity Label : Public Page |2 Rating sensitivities Positive factors – Significant and sustainable increase in scale of operations and profitability while maintaining comfortable leverage metrics would result in a rating upgrade.
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.