Key Metrics of Ctrl S Datacenters Limited
About Ctrl S Datacenters Limited
Sectors
Company details
Operational Areas of Ctrl S Datacenters Limited
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
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 05 Oct 2026 | ICRA | Reaffirmed | AA | — | Stable | ₹12,700 Cr | View |
Credit strengths (ICRA, Oct 2026)
+ Expected significant increase in operating capacity over medium term which has been pre -leased
CtrlS expects significant growth in scale of operations, OI and profitability , driven by the recently tied-up large capacities, while maintaining comfortable debt coverage metrics over the medium term.
+ Comfortable coverage metrics with stable annuity stream of cash flows
With sizeable investment plans for the upcoming capacities, the leverage metric measured by total debt/OPBDIT could remain beyond 4 times in the next 12 -18 months to fund the ongoing capex.
+ Digitisation and favourable regulations support long -term prospects of DCs
Data localisation and data explosion are paving the way for DC revolution in India.
Credit challenges
− Exposed to high execution risks due to large capex in the medium term
CtrlS remains exposed to the high execution risk , given the nascent stages of execution for the recently tied -up leases and expected multi -fold increase in capacity in the next two years.
− Stiff competition from other players
The ratings note the stiff competition from large DC addition with the entry of many new players in the segment and expansion plans of the existing players.
Could lead to an upgrade
ICRA may upgrade the rating if there is healthy capacity utilisation of existing and upcoming DCs resulting in significant improvement in revenues, earnings and debt protection metrics on sustained basis.
Could lead to a downgrade
Negative pressure on the ratings may arise if there is any material cost/time overrun for preleased capacities or significant decline in utilisation of the existing DCs or large speculative debt funded capex resulting in weakening of debt protection metrics. Specific credit metrics that could lead to a downgrade of ratings include DSCR of less than 1.5 times and Total Debt/EBITDA of more than 4 times on a sustained basis.
Agency-reported financials (ICRA, 05 Oct 2026)
| Metric | FY2025 | FY2026 |
|---|---|---|
| Operating income | ₹1,562 Cr | ₹1,943 Cr |
| PAT | ₹248 Cr | ₹263 Cr |
| OPBDITA/OI | 49.6% | 48.0% |
| PAT/OI | 15.9% | 14.0% |
| Total outside liabilities/Tangible net worth (times) | 2.30× | 2.50× |
| Total debt/OPBDITA (times) | 3.80× | 4.40× |
| Interest coverage (times) | 3.90× | 3.40× |
| Revenue growth (YoY) | — | 24.4% |
| EBITDA (margin × income) | ₹775 Cr | ₹933 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹2,944 Cr | ₹4,104 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹199 Cr | ₹274 Cr |
Borrowings & rated debt
Facility mix
Maturity ladder
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long-term – Fund based – Term loan | Term loans | ₹8,485 Cr | ₹12,085 Cr | 42.4% | AA (Stable) | Other | ICRA |
| Long-term – Non-fund based – BG | Non-fund based limits | ₹170 Cr | ₹170 Cr | 0.0% | AA (Stable) | Reaffirmed | ICRA |
| Long-term/short-term – Unallocated | Working capital & bank lines | ₹4,045 Cr | ₹445 Cr | −89.0% | AA (Stable) | Reaffirmed | ICRA |
Debt instruments
| ISIN | Instrument | Type | Coupon | Issued | Maturity | Amount | Rating | Status |
|---|---|---|---|---|---|---|---|---|
| — | FY FY | Term loans | — | 31 Mar 2020 | 31 Mar 2041 | ₹12,085 Cr | AA | Outstanding |
Credit assessment · Services
Rating Methodology – Service Sector Companies · 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) | 81% |
| Information on file | 33% · missing: Annual results history (3+ years), Liquidity position, 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: 81% chance the next rating action is stable or better
- Current rating AA (investment grade)
- Interest coverage 3.4×
- ₹445.1 cr of rated limits not yet tied to a lender
Rated limits by facility
Timeline
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 Ctrl S Datacenters Limited
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
 Infosys |
IT Services & Consulting · IT Services | infosys.com | 1981 | India |
 Wipro |
Part of Wipro. | wipro.com | 1945 | India |
 Tata Consultancy Services |
Indian IT Services · IT Services & Software | tcs.com | 1968 | Mumbai, India |
 HCL Technologies |
Indian IT Services · IT Services & Software | hcltech.com | 1991 | New Delhi, India |
 Tech Mahindra |
IT Services & Consulting · IT Services | techmahindra.com | 1987 | Mumbai, India |
 LTM LIMITED |
Indian IT Services · Business Services | ltm.com | 1997 | Mumbai, Maharashtra, India |
 COFORGE LIMITED |
Travel & Tourism · Restaurants, Hotels & Travel | coforge.com | — | Gurugram, Haryana, India |
 Mphasis |
Indian IT Services · IT Services & Software | mphasis.com | 2000 | Bangalore, India |
 Persistent Systems |
IT Services & Consulting · IT Services | persistent.com | 1990 | Pune, India |
 Meesho |
Product & Internet Companies · IT Services & Software | meesho.com | — | Bangalore, 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
Principal business activities and related-party transactions are read from MGT-7 and AOC-4 filings.
Filings
No filings on record yet.