Key Metrics of Cantabil Retail India
About Cantabil Retail India
Sectors
Company details
- Website
- cantabilinternational.com
- Registered office
- B-16, Ground Floor, Industrial Area, Lawrence Road, Delhi, In-dl, 110035
- Listed
- NSE: CANTABIL · ₹249.25
Operational Areas of Cantabil Retail India
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
PositiveUpgraded by ICRA on 04 Sep 2026 (from A)
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 04 Sep 2026 | ICRA | Upgraded (from A) | A+ | A1 | Stable | ₹75.0 Cr | View |
| 04 Apr 2019 | CARE | Other | — | — | — | — | View |
| 27 Mar 2018 | CARE | Assigned | BBB | A3+ | Stable | ₹110 Cr | View |
Credit strengths (ICRA, Sep 2026)
+ Extensive experience of promoters and management in the apparel retailing industry
CRIL was founded in 1989 by Mr. Vijay Bansal and his family members, who have a long experience in the textile industry.
+ Established market position in the men’s wear segment and expanding retail network in tier-II and tier-III cities
The company’s flagship brand, Cantabil, has an established presence in the domestic apparel market, offering a wide product portfolio across men’s wear, women’s wear, kids’ wear and accessories.
+ Comfortable capital structure and healthy debt coverage metrics
CRIL continues to record a healthy financial performance with an 18.2% revenue growth in FY2026 and a rise in the operating profit margin by more than 260 basis points to 31.1%.
+ Asset-light business model allowing operating flexibility
CRIL operates with an asset-light business model wherein about 25% of the apparels is manufactured in-house.
Credit challenges
− Significant stocking requirement, leading to working capital intensive nature of operations
CRIL’s business is working capital intensive with sizeable inventory holding requirements for existing as well as new stores, reflected in the net worki ng capital to the operating income (NWC/OI) ratio of 28-29% over the past four fiscals.
Could lead to an upgrade
ICRA may upgrade the ratings in case of a sustained improvement in its revenue and earnings along with efficient working capital management and a comfortable
Could lead to a downgrade
Pressure on CRIL’s ratings may arise if a significant decline in its revenue and/or profitability or an elongation of the working capital cycle materially impacts the company’s
Agency-reported financials (ICRA, 04 Sep 2026)
| Metric | FY2025 | FY2026 | Q1 FY2026 | Q1 FY2027 |
|---|---|---|---|---|
| Operating income | ₹721 Cr | ₹853 Cr | ₹159 Cr | ₹179 Cr |
| PAT | ₹74.90 Cr | ₹95.80 Cr | ₹14.70 Cr | ₹16.20 Cr |
| OPBDIT/OI | 28.5% | 31.1% | 30.8% | 33.2% |
| PAT/OI | 10.4% | 11.2% | 9.2% | 9.0% |
| Total outside liabilities/Tangible net worth (times) | 1.30× | 1.30× | — | — |
| Total debt/OPBDIT (times) | 2.00× | 2.10× | — | — |
| Interest coverage (times) | 5.90× | 5.50× | 4.70× | 4.40× |
| Revenue growth (YoY) | — | 18.2% | — | — |
| EBITDA (margin × income) | ₹206 Cr | ₹265 Cr | ₹48.88 Cr | ₹59.36 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹411 Cr | ₹557 Cr | — | — |
| Implied interest cost (EBITDA ÷ coverage) | ₹34.83 Cr | ₹48.21 Cr | ₹10.40 Cr | ₹13.49 Cr |
Borrowings & rated debt
Rated limits over time
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Facilities Action Long-term Bank Facilities | Working capital & bank lines | — | ₹42.0 Cr | — | BBB (Stable) | Assigned | CARE |
| [Triple B ] Short-term Bank Facilities | Working capital & bank lines | — | ₹13.0 Cr | — | A3+ | Assigned | CARE |
| [A Three Plus] Total Facilities | Other | — | ₹55.0 Cr | — | — | Other | CARE |
CARE ratings on record (checked 29 Oct 2026)
| Instrument | Amount | Rating |
|---|---|---|
| Bank Overdraft | — | Withdrawn |
| Cash Credit | — | Withdrawn |
| Letter of credit | — | Withdrawn |
| Long Term | — | Withdrawn |
Credit assessment · Cotton textile
Rating Methodology – Cotton Textile (Sep 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) | 22% |
| Information on file | 78% · missing: Capex / investment plans, Auditor details |
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 4.4×
- ₹15.5 cr of rated limits not yet tied to a lender
Rated limits by facility
Timeline
From the report
The cushion in the working capital limit along with free cash and liquid investments (Rs. 25 crore as on March 31, 2026) also provide liquidity buffer. www.icra.in Sensitivity Label : Public Page |3 Rating sensitivities Positive factors – ICRA may upgrade the ratings in case of a sustained improvement in its revenue and earnings along with efficient working capital management and a comfortable liquidity profile on a sustained basis.
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 Cantabil Retail India
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
 Aditya Birla Fashion & Retail |
Formal & Premium Menswear · Apparel, Textiles & Footwear | abfrl.com | — | Mumbai, India |
| Formal & Premium Menswear · Apparel, Textiles & Footwear | raymond.in | — | Ratnagiri, India | |
| Formal & Premium Menswear · Apparel, Textiles & Footwear | siyaram.com | 1978 | Boisar, India | |
 Monte Carlo Fashions (Oswal Woollen Mills) |
Denim & Casual Wear · Apparel, Textiles & Footwear | montecarlo.in | — | India |
| Outlets operated by Aero Club. | woodlandworldwide.com | — | India | |
 Duke Fashions |
Denim & Casual Wear · Apparel, Textiles & Footwear | dukeindia.com | — | India |
 Blackberrys |
Outlets operated by Mohan Clothing Company Private Limited. | blackberrys.com | — | India |
| Oswal Woollen Mills | Jackets & Winter Wear · Apparel, Textiles & Footwear | — | — | India |
| Kuldip Oswal Hosiery Mills Pvt Ltd | Denim & Casual Wear · Apparel, Textiles & Footwear | — | — | Punjab, India |
| Atam Roop Clothings | Jackets & Winter Wear · Apparel, Textiles & Footwear | — | — | 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
Jackets, blazers
Filings
No filings on record yet.