Key Metrics of Arnon Builders & Developers Private Limited
About Arnon Builders & Developers Private Limited
Sectors
Company details
- Registered office
- Unit No. 101, 1st Floor,worldmark 2, Asset 8, Aerocity, Igi Airport,igi Airport, New Delhi, Delhi -, Delhi, In-dl, 110037
Operational Areas of Arnon Builders & Developers Private 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.
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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 history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 20 Aug 2026 | ICRA | Reaffirmed | AAA | — | Stable | ₹635 Cr | View |
Credit strengths (ICRA, Aug 2026)
+ Strong parentage derived from Brookfield India Real Estate Trust and Brookfield Group
ABDPL is wholly owned subsidiary of RRPL which in turn is equally owned by BIRET (rated [ICRA]AAA (Stable)), and Brookfield group as they have significant experience and operational track record in the commercial real estate industry.
+ Favourable locations of pooled assets with reputed tenants
The pooled assets consist of 2.5 msf of commercial office leasable space and 0.8 msf of retail space, spread across New Delhi, Gurugram and Ludhiana.
Credit challenges
− Vulnerable to cyclicality and changes in interest rates
The pooled assets remain exposed to the inherent cyclicality in the real estate industry and vulnerability to external factors.
Could lead to a downgrade
Negative pressure on the ratings could emerge if there is a material decline in occupancy or a significant increase in indebtedness for the pooled assets resulting in weakening of debt protection metrics on a sustained basis. Further, any deterioration in the credit profile or weakening of linkages with Brookfield India Real Estate Trust might have a bearing on Arnon Builders & Developers Private Limited’s rating.
Agency-reported financials (ICRA, 20 Aug 2026)
| Metric | FY2025 | FY2026 |
|---|---|---|
| Operating income | ₹90.60 Cr | ₹96.00 Cr |
| PAT | ₹-9.40 Cr | ₹2.80 Cr |
| OPBDIT/OI | 70.7% | 70.6% |
| PAT/OI | -10.4% | 2.9% |
| Total outside liabilities/Tangible net worth (times) | -3.40× | -3.40× |
| Total debt/OPBDIT (times) | 10.60× | 9.80× |
| Interest coverage (times) | 0.90× | 1.20× |
| Revenue growth (YoY) | — | 6.0% |
| EBITDA (margin × income) | ₹64.05 Cr | ₹67.78 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹679 Cr | ₹664 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹71.17 Cr | ₹56.48 Cr |
Borrowings & rated debt
Facility mix
Maturity ladder
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long-term – Fund based – Term loan Long-term – Fund based | Term loans | ₹610 Cr | ₹635 Cr | 4.1% | AAA (Stable) | Reaffirmed | ICRA |
Debt instruments
| ISIN | Instrument | Type | Coupon | Issued | Maturity | Amount | Rating | Status |
|---|---|---|---|---|---|---|---|---|
| — | Term loans FY FY | Term loans | — | 31 Mar 2025 | 31 Mar 2040 | ₹635 Cr | AAA | Outstanding |
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) | 68% |
| Information on file | 44% · missing: Annual results history (3+ years), 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: 68% chance the next rating action is stable or better
- Current rating AAA (investment grade)
- Interest coverage 1.2×
What happened, step by step
- Aug 2026 — ₹399 cr raised
- Aug 2026 — Full repayment of debt
“Furthermore, in June 2026, BIRET infused Rs. 399 crore into RRPL through a shareholder loan, enabling the prepayment of a portion of the pooled assets’ external debt.”
Rated limits by facility
Timeline
From the report
August 20, 2026 Arnon Builders & Developers Private Limited: Rating reaffirmed; rated amount enhanced Summary of rating action Previous Current rated rated # Instrument* amount Rating action Financial sector regulator amount (Rs. crore) (Rs. crore) Long-term – Fund based – Term [ICRA]AAA (Stable); reaffirmed and 610.0 635.0 RBI loan assigned for enhanced amount Long-term – Fund based – 20.0 0.0 - RBI Overdraft Long-term – Non-fund based – (10.0) (3.0) [ICRA]AAA (Stable); reaffirmed RBI Interchangeable** Total 630.00 635.00 *Instrument details are provided in Annexure I; ** Includes non-fund ba
From the report
Furthermore, in June 2026, BIRET infused Rs. 399 crore into RRPL through a shareholder loan, enabling the prepayment of a portion of the pooled assets’ external debt.
From the report
The external debt/Net Operating Income (NOI) for pooled assets is expected to improve to 5.5– 5.7 times by March 2027 (~6.8 times as of March 2026), while the five-year average debt service coverage ratio (DSCR) is projected to remain strong at 1.9–1.95 times over FY2027–FY2031 as the prepayment of debt has been adjusted from initial years of repayment.
From the report
The external debt/NOI for pooled assets is expected to improve to 5.5–5.7 times by March 2027 (~6.8 times as of March 2026), while the five-year average DSCR is projected to remain strong at 1.9–1.95 times over FY2027–FY2031 as the prepayment of debt has been adjusted from initial years of repayment.
From the report
Liquidity position: Strong The pooled assets had cash and bank balance of Rs. 273 crore as on March 31, 2026, and have no principal repayment obligations until June 2027 due to prepayment of debt.
From the report
Liquidity position: Strong The pooled assets had cash and bank balance of Rs. 273 crore as on March 31, 2026, and have no principal repayment obligations until June 2027 due to prepayment of debt.
From the report
ABDPL on standalone basis, had cash and bank balance of Rs. 15 crore as of March 31, 2026, with undrawn debt of Rs. 40 crore as on June 30, 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 Arnon Builders & Developers Private Limited
Top competitors by location
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|---|---|---|---|---|
 Reliance Infrastructure Limited |
Real Estate & Infrastructure · Community, personal and Social Services | rinfra.com | 2002 | Mumbai, Maharashtra, India |
 KEC International |
Discovered Companies · Other Industries | kecrpg.com | 1945 | Mumbai, India |
| NCC Limited | Discovered Companies · Other Industries | — | — | Hyderabad, Telangana, India |
| Lodha Developers Limited | · Construction | — | — | Mumbai, Maharashtra, India |
 Ircon International Limited |
Real Estate & Infrastructure · Real Estate & Construction | ircon.org | — | New Delhi, Delhi, India |
| Dilip Buildcon Limited | · Construction | — | — | Bhopal, Madhya Pradesh, India |
| G R Infraprojects Limited | · Construction | — | — | Ahmedabad, Gujarat, India |
 DLF Limited |
Real Estate & Infrastructure · Real Estate & Construction | dlf.in | 1946 | Gurgaon, India |
| Sterling And Wilson Renewable Energy Limited | Renewable Power · Oil, Gas & Energy | — | — | Mumbai, Maharashtra, India |
 GMR Power And Urban Infra Limited |
Part of GMR Group. | gmrpui.com | — | Gurgaon, Haryana, 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.