Key Metrics of Besmak Components Private Limited
About Besmak Components Private Limited
Company details
- Registered office
- A-45, Sipcot Industrial Growth Centre,, Oragadam,, Sri Perumbadur Taluk, Kancheepuram, In-tn, 602105
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
PositiveUpgraded by ICRA on 13 Oct 2026 (from BBB+)
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 13 Oct 2026 | ICRA | Upgraded (from BBB+) | A- | A2+ | Stable | ₹164 Cr | View |
Credit strengths (ICRA, Oct 2026)
+ Healthy profit margins and comfortable debt metrics
The company reported an operating profit margin of 16.2% in FY2026 (FY2025: 15.7%), aided by benefits from the operating leverage, considering healthy capacity utilisation of existing manufacturing facilities and its periodic cost optimisation measures.
+ Diversified customer base and periodic addition of customers
The company’s customer base comprises reputed tier -I auto component suppliers such as Dhoot Transmission Private Limited, Samvardhana Motherson International Limited (rated [ICRA]AAA(Stable)/[ICRA]A1+), Bosch Ltd and Visteon Electronics India Private Limited, among others.
+ Experienced management team
The company has been operating for over three decades, and the promoters are involved in the day-to-day operations of the business.
Credit challenges
− Modest scale of operations and low net worth
BCPL reported a modest operating income of Rs. 359.5 crore in FY2026.
− Significant debt-funded capex plans
The company has capex plans of Rs. 300-350.0 crore over the next three years towards capacity expansion, upgradation and maintenance.
Could lead to an upgrade
The ratings could be upgraded if the company is able to generate incremental sizeable earnings from the ongoing capacity expansion, demonstrated in healthy revenue growth with stable/improving margins, while maintaining healthy debt protection metrics and
Could lead to a downgrade
The ratings could be downgraded if the company witnesses a sustained weakening in its earnings profile, resulting in deterioration in leverageand coverage indicators, and
Agency-reported financials (ICRA, 13 Oct 2026)
| Metric | FY2025 | FY2026 |
|---|---|---|
| Operating income | ₹279 Cr | ₹360 Cr |
| PAT | ₹23.40 Cr | ₹31.90 Cr |
| OPBDIT/OI | 15.7% | 16.2% |
| PAT/OI | 8.4% | 8.9% |
| Total outside liabilities/Tangible net worth (times) | 1.00× | 1.10× |
| Total debt/OPBDIT (times) | 1.40× | 1.30× |
| Interest coverage (times) | 9.30× | 9.80× |
| Revenue growth (YoY) | — | 28.7% |
| EBITDA (margin × income) | ₹43.87 Cr | ₹58.24 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹61.42 Cr | ₹75.71 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹4.72 Cr | ₹5.94 Cr |
Borrowings & rated debt
Facility mix
Maturity ladder
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long-term – Fund-based – Term loan limits Long-term – Fund-based – Cash | Term loans | ₹28.2 Cr | ₹57.0 Cr | 101.9% | A- (Stable) | Upgraded | ICRA |
| credit limits Short-term – Non-fund Based | Non-fund based limits | ₹40.0 Cr | ₹75.0 Cr | 87.5% | A- (Stable) | Upgraded | ICRA |
| LC/BG limits Long-term Short-term | Non-fund based limits | ₹17.0 Cr | ₹20.0 Cr | 17.6% | A2+ | Upgraded | ICRA |
| Unallocated | Other | ₹16.6 Cr | ₹12.0 Cr | −27.9% | A- / A2+ (Stable) | Upgraded | ICRA |
Debt instruments
| ISIN | Instrument | Type | Coupon | Issued | Maturity | Amount | Rating | Status |
|---|---|---|---|---|---|---|---|---|
| — | Term Loan FY FY | Term loans | 8.95% | 31 Mar 2020 | 31 Mar 2029 | ₹57.0 Cr | A- | Outstanding |
Credit assessment · Auto components
Rating Methodology – Auto Components and Equipment (Oct 2026) · 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) | 25% |
| 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: 53% chance the next rating action is stable or better
- Current rating A- (investment grade)
- Interest coverage 9.8×
- ₹12 cr of rated limits not yet tied to a lender
Rated limits by facility
Timeline
From the report
October 13, 2026 Besmak Components Private Limited : Ratings upgraded to [ICRA]A- (Stable)/ [ICRA]A2+; rated amount enhanced Summary of rating action Previous rated Current rated Instrument* amount amount Rating action Financial Sector Regulator# (Rs. crore) (Rs. crore) [ICRA]A- (Stable); upgraded from Long-term – Fund-based – Term 28.23 57.00 [ICRA]BBB+ (Stable); assigned for RBI loan enhanced limits [ICRA]A- (Stable); upgraded from Long-term – Fund-based – Cash 40.00 75.00 [ICRA]BBB+ (Stable); assigned for RBI credit enhanced limits [ICRA]A2+; upgraded from Short-term – Non-fund Based – 17.0
From the report
Liquidity position: Adequate BCPL’s liquidity is adequate with cash flow from operations of Rs. 30-40 crore expected annually, cash and bank balances of Rs. 26.0 crore as of March 31, 2026, and unutilised working capital limits of Rs. 4.4 crore as of March 2026.
From the report
The company has repayment obligations of Rs. 8.0 -12.0 crore per annum in FY2027 on its existing loans, which will increase once the capex loans are availed.
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.