Key Metrics of Commtel Networks Limited
About Commtel Networks Limited
Company details
- Registered office
- 23 White Castle 34 35 Union Park Sion-trombe Road Chembur, Mumbai, In-mh, 400071
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 06 Oct 2026
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 06 Oct 2026 | ICRA | Upgraded | A+ | A1 | Stable | ₹400 Cr | View |
Credit strengths (ICRA, Oct 2026)
+ Extensive track record in delivering turnkey telecommunications and surveillance solutions
CNL is led by Mr. Shriprakash Pandey along with a team of seasoned professionals, each bringing over three decades of expertise in delivering integrated telecommunication solutions.
+ Established relationships with reputed customers
The company’s customer base consists of various reputed companies in the oil and gas industry and established engineering, procurement and construction (EPC) players in the domestic and international market.
+ Financial risk profile characterised by healthy profit margin, comfortable capital structure and strong coverage indicators
At the consolidated level, Commtel continued to report healthy profitability, with the operating margin at 22.1% in FY2026 (22.5% in FY2025).
+ Strong order inflow offers comfortable medium-term revenue visibility
ICRA expects the company to report healthy revenue growth over the medium term, supported by its strong executable order book and regular order inflows.
Credit challenges
− High customer and sectoral concentration risks; efforts afoot to diversify
The company remains exposed to moderate customer concentration risk, given the project-based nature of its operations and the relatively large size of certain contracts.
− Projects awarded through competitive bidding can lead to lumpiness in revenues
Commtel operates in a project-driven business, with a significant portion of domestic orders, particularly from PSUs, awarded through technical qualification followed by L1-based competitive bidding.
− High working capital intensity
The company’s operations remain inherently working capital-intensive owing to the project- based nature of operations, milestone-linked billing, retention money and performance/warranty bank guarantee requirements.
Could lead to an upgrade
The ratings could be upgraded if the company reports healthy revenue growth on the back of regular order inflows while maintaining its profit margin along with an improvement in
Could lead to a downgrade
The ratings can be downgraded if the company witnesses a considerable decline in sales, weakening of profitability or a deterioration in the
Agency-reported financials (ICRA, 06 Oct 2026)
| Metric | FY2025 | FY2026 |
|---|---|---|
| Operating income | ₹639 Cr | ₹685 Cr |
| PAT | ₹114 Cr | ₹122 Cr |
| OPBDIT/OI | 22.5% | 22.1% |
| PAT/OI | 17.8% | 17.8% |
| Total outside liabilities/Tangible net worth (times) | 0.70× | 0.60× |
| Total debt/OPBDIT (times) | 1.00× | 1.00× |
| Interest coverage (times) | 8.10× | 9.10× |
| Revenue growth (YoY) | — | 7.1% |
| EBITDA (margin × income) | ₹144 Cr | ₹151 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹144 Cr | ₹151 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹17.76 Cr | ₹16.63 Cr |
Borrowings & rated debt
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| form Long term – Fund () | Working capital & bank lines | ₹185 Cr | ₹274 Cr | 48.3% | A+ (Stable) | Upgraded | ICRA |
| Unallocated limits | Other | ₹50.0 Cr | ₹126 Cr | 151.3% | A / A2+ (Positive) | Assigned | ICRA |
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) | 26% |
| 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: 56% chance the next rating action is stable or better
- Current rating A+ (investment grade)
- Interest coverage 9.1×
- Working-capital limits 81% utilised on average
- ₹125.67 cr of rated limits not yet tied to a lender
Rated limits by facility
Timeline
From the report
October 06, 2026 Commtel Networks Limited: Ratings upgraded; outlook revised to Stable; rated amount enhanced Summary of rating action Previous rated Current rated Financial sector Instrument* amount amount Rating action # regulator (Rs. crore) (Rs. crore) [ICRA]A+ (Stable); upgraded form [ICRA]A Long term – Fund 185.00 274.33 (Positive); assigned for enhanced amount;
From the report
Liquidity position: Adequate The company’s liquidity profile remains adequate, supported by free cash and bank balances of approximately Rs. 15.9 crore in the standalone entity and Rs. 195.2 crore in its UAE subsidiary as on March 31, 2026.
From the report
The average utilisation of the fund- based working capital limits remained at 81% during the 12 months endedApril 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.