Key Metrics of Baba Udyog
About Baba Udyog
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
WatchLiquidity assessed as Stretched
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | ICRA | Assigned | BB | — | Stable | — | View |
Credit strengths (ICRA, Oct 2026)
+ Adequate order book position
As on September 30, 2026, Baba Udyog has an outstanding order book attributable to the firm of Rs. 110.4 crore, equivalent to around 2.2 times its FY2026 operating income, providing healthy revenue visibility over the near-to-medium term.
Credit challenges
− Moderate scale of operations
Baba Udyog, despite its healthy growth in recent years, continues to operate at a moderate scale, with an operating income of Rs. 51.3 crore in FY2026 against Rs. 11.9 crore in FY2022, reflecting a CAGR of 44.1% over the period.
− Moderate net worth base
Despite the steady accretion to reserves over the years, Baba Udyog’s capital base remains modest, with a tangible net worth of Rs. 15.7 crore as on March 31, 2026.
− High customer concentration risks and stringent competition in the industry
The firm’s order book remains concentrated in railway electrification infrastructure projects awarded by Government agencies and railway infrastructure public sector undertakings exposing it to customer concentration, tender-based order inflows and intense industry competition.
− Risk of capital withdrawal, given its constitution as a partnership firm
As a partnership concern, the firm’s capitalisation profile remains susceptible to p artner withdrawals, which could weaken its capital structure,
Could lead to an upgrade
The ratings could be upgraded, if there is sustained increase in its revenue and earnings leading to strengthening of net worth and
Could lead to a downgrade
Pressure on the ratings could arise, if there is a significant decline in revenues and earnings, or if substantial capital withdrawals by the partners, or any significant debt -funded capex or increase in working capital cycle weakens the debt coverage indicators or
Agency-reported financials (ICRA, 23 Oct 2026)
| Metric | FY2025 | FY2026 |
|---|---|---|
| Operating income | ₹50.00 Cr | ₹51.30 Cr |
| PAT | ₹2.30 Cr | ₹2.50 Cr |
| OPBDITA/OI | 7.5% | 8.3% |
| PAT/OI | 4.7% | 4.9% |
| Total outside liabilities/Tangible net worth (times) | 0.70× | 0.70× |
| Total debt/OPBDITA (times) | 1.40× | 1.20× |
| Interest coverage (times) | 2.40× | 2.20× |
| Revenue growth (YoY) | — | 2.6% |
| EBITDA (margin × income) | ₹3.75 Cr | ₹4.26 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹5.25 Cr | ₹5.11 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹1.56 Cr | ₹1.94 Cr |
Borrowings & rated debt
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) | 37% |
| 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: 35% chance the next rating action is stable or better
- Current rating BB (below investment grade)
- Interest coverage 2.2×
Rated limits by facility
Timeline
From the report
The sanctioned cash credit limit of Rs. 5.5 crore remained almost fully utilised.
From the report
The sanctioned cash credit limit of Rs. 5.5 crore remained almost fully utilised.
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.