Key Metrics of D P S Construction
About D P S Construction
Sectors
Company details
Operational Areas of D P S Construction
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
WatchLiquidity assessed as Stretched
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 26 Aug 2026 | ICRA | Assigned | B+ | A4 | Stable | ₹6.00 Cr | View |
Credit strengths (ICRA, Aug 2026)
+ Established track record and extensive industry experience of the proprietor
DPSC has an established track record of over a decade in the railway infrastructure sector.
+ Adequate order book position
DPS Construction had an unexecuted order book of approximately Rs. 34 crore as on March 31, 2026, providing healthy revenue visibility over the near to medium term.
Credit challenges
− Small scale of operations
Despite a gradual improvement in scale over the years, DPSC continues to operate at a relatively small scale, with an operating income of Rs. 22.2 crore in FY2026.
− Modest net worth
The firm’s financial profile remains constrained by its modest capital base, with a net worth of approximately Rs. 3.7 crore as on March 31, 2026.
− High geographical and customer concentration risks and stringent competition in the industry
The firm’s order book is primarily concentrated in railway infrastructure projects awarded by Government agencies, exposing it to customer concentration and tender-related risks.
− Risk of capital withdrawal, given its constitution as a proprietorship firm
As a proprietorship concern, the firm’s capitalisation profile remains vulnerable to withdrawals by the proprietor, which could adversely impact its capital structure,
Could lead to an upgrade
The ratings could be upgraded, if there is sustained increase in its revenue and earnings leading to strengthening of net worth while maintaining the comfortable debt coverage metrics and
Could lead to a downgrade
Pressure on the ratings could arise, if there is a significant decline in revenues and earnings, or if substantial capital withdrawals by the partners, or any significant debt-funded capex or increase in working capital cycle weakens the debt coverage indicators or
Agency-reported financials (ICRA, 26 Aug 2026)
| Metric | FY2025 | FY2026 |
|---|---|---|
| Operating income | ₹20.70 Cr | ₹22.20 Cr |
| PAT | ₹0.40 Cr | ₹0.80 Cr |
| OPBDIT/OI | 4.9% | 7.8% |
| PAT/OI | 2.0% | 3.7% |
| Total outside liabilities/Tangible net worth (times) | 1.20× | 0.70× |
| Total debt/OPBDIT (times) | 0.80× | 0.20× |
| Interest coverage (times) | 3.40× | 4.70× |
| Revenue growth (YoY) | — | 7.2% |
| EBITDA (margin × income) | ₹1.01 Cr | ₹1.73 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹0.81 Cr | ₹0.35 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹0.30 Cr | ₹0.37 Cr |
Borrowings & rated debt
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long-term/Short term – Unallocated limits | Working capital & bank lines | — | ₹6.00 Cr | — | B+ / A4 (Stable) | Assigned | ICRA |
Credit assessment · Construction (EPC contractors)
ICRA Rating Methodology – Construction (Oct 2024) · 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) | 38% |
| 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: 38% chance the next rating action is stable or better
- Current rating B+ (below investment grade)
- Interest coverage 4.7×
- ₹6 cr of rated limits not yet tied to a lender
Rated limits by facility
Timeline
From the report
The modest cash credit facility of Rs. 0.5 crore restricts financial flexibility and is expected to constrain growth prospects.
From the report
The firm is expected to generate modest net cash accruals of about Rs. 1 crore annually.
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 D P S Construction
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
 Reliance Infrastructure Limited |
Real Estate & Infrastructure · Community, personal and Social Services | rinfra.com | 2002 | Mumbai, Maharashtra, India |
 KEC International |
Discovered Companies · Other Industries | kecrpg.com | 1945 | Mumbai, India |
| NCC Limited | Discovered Companies · Other Industries | — | — | Hyderabad, Telangana, India |
| Lodha Developers Limited | · Construction | — | — | Mumbai, Maharashtra, India |
 Ircon International Limited |
Real Estate & Infrastructure · Real Estate & Construction | ircon.org | — | New Delhi, Delhi, India |
| Dilip Buildcon Limited | · Construction | — | — | Bhopal, Madhya Pradesh, India |
| G R Infraprojects Limited | · Construction | — | — | Ahmedabad, Gujarat, India |
 DLF Limited |
Real Estate & Infrastructure · Real Estate & Construction | dlf.in | 1946 | Gurgaon, India |
| Sterling And Wilson Renewable Energy Limited | Renewable Power · Oil, Gas & Energy | — | — | Mumbai, Maharashtra, India |
 GMR Power And Urban Infra Limited |
Part of GMR Group. | gmrpui.com | — | Gurgaon, Haryana, 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.