Key Metrics of Chennai Port Authority
About Chennai Port Authority
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.
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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 |
|---|---|---|---|---|---|---|---|
| 18 Sep 2026 | ICRA | Reaffirmed | AA- | — | Stable | ₹1,775 Cr | View |
Credit strengths (ICRA, Sep 2026)
+ Strategic importance and Government linkages
ChPA, together with KPL, is strategically important to the GoI for the country’s economic growth, as they are among the 14 major ports in India.
+ Favourable location of ports with adequate draft and access to large hinterland
Both ChPA and KPL are all-weather ports on the southeast coast of India, in the northeastern part of Tamil Nadu.
+ Diversified cargo handled with strong market position in container segment
The ports handle diversified cargo such as coal, POL, automobiles and containers among others.
Credit challenges
− Credit profile of consolidated entity impacted by large debt-funded acquisition of KPL
In March 2020, ChPA acquired the remaining 66.7% stake in KPL for Rs. 2,380 crore.
− Profitability impacted by large pension liabilities and high employee expense of ChPA
ChPA is one of the oldest operating major ports in India.
− Congestion issues
ChPA faces congestion issues, which impact cargo evacuation from the ports and, in some cases, have also caused cargo diversion to competing ports.
Could lead to an upgrade
ChPA’s rating could be upgraded if the consolidated entity can demonstrate steady cargo growth, leading to higher revenues and cash accruals on a sustained basis, while maintaining profitability and a stable working capital intensity.
Could lead to a downgrade
Pressure on ChPA’s rating may arise if the consolidated entity’s financial profile weakens due to lower cash accruals with a significant drop in volumes or margins on a sustained basis, owing to competition or adverse economic trends. A large debt-funded capex weakening the
Agency-reported financials (ICRA, 18 Sep 2026)
| Metric | FY2025 | FY2026 |
|---|---|---|
| Operating income (OI) | ₹1,094 Cr | ₹1,185 Cr |
| PAT | ₹84.60 Cr | ₹329 Cr |
| OPBDIT/OI (%) | -11.9% | 15.9% |
| PAT/OI | 7.7% | 27.8% |
| Total outside liabilities/Tangible net worth (times) | 1.00× | 0.70× |
| Total outside liabilities/Tangible net worth (times)# | -178.70× | -11.80× |
| Total debt/OPBDITA (times) | -8.60× | 4.90× |
| Interest coverage (times) | -1.30× | 2.40× |
| Revenue growth (YoY) | — | 8.3% |
| EBITDA (margin × income) | ₹-,130.23 Cr | ₹188 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | — | ₹923 Cr |
| Implied interest cost (EBITDA ÷ coverage) | — | ₹78.51 Cr |
Borrowings & rated debt
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Term loan | Term loans | ₹1,775 Cr | ₹1,775 Cr | 0.0% | — | Reaffirmed | ICRA |
Credit assessment · Ports & port services
Rating Methodology – Port & Port Services (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) | 59% |
| 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: 59% chance the next rating action is stable or better
- Current rating AA- (investment grade)
- Interest coverage 2.4×
Rated limits by facility
Timeline
From the report
Proceeds from the proposed IPO of KPL would be used primarily to fully repay the outstanding term loan obligations of ChPA.
From the report
The scheduled repayments are Rs. 133 crore in FY2027, Rs. 142 crore in FY2028 and Rs. 151 crore in FY2029, in line with the ballooning repayment structure of the debt.The liquidity profile is likely to be adequate, supported by expected dividend inflow from KPL, unencumbered cash balances and liquid investments (~Rs. 402.28 crore) as of March 2026.
From the report
The company hasnear-term capex plans of Rs. 320, with a large dividend payment to ChPA (Rs. 300 crore in FY2026) and moderate repayment obligation of ~Rs. 28.01 crore in FY2027 and ~Rs. 66.68 crore in FY2027 (including repayment of loans from ChPA).
From the report
The company hasnear-term capex plans of Rs. 320, with a large dividend payment to ChPA (Rs. 300 crore in FY2026) and moderate repayment obligation of ~Rs. 28.01 crore in FY2027 and ~Rs. 66.68 crore in FY2027 (including repayment of loans from ChPA).
From the report
However, the liquidity is expected to remain Adequate, supported by unencumbered cash balances and liquid investments of Rs. 407.87 crore as on March 31, 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.
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.