Key Metrics of Deepak Spinners Limited
About Deepak Spinners Limited
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.
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 |
|---|---|---|---|---|---|---|---|
| 29 Sep 2026 | ICRA | Reaffirmed | A- | A2+ | Stable | ₹79.1 Cr | View |
Credit strengths (ICRA, Sep 2026)
+ Long operational track record in manufacturing of blended synthetic yarns
The company’s plant at Baddi, Himachal Pradesh, commenced operation in 1986.
+ Established relationship with customers
DSL sells its products mainly through dealers and agents.
+ High capacity utilisation, expansion of captive solar power capacity and other optimisation initiatives support cost structure
The company’s capacity utilisation had historically remained high, supporting its cost structure.
+ Conservative capital structure
The company’s debt level has declined steadily, supported by the repayment of long-term loans and moderation in working capital borrowings.
Credit challenges
− Highly fragmented and competitive nature of the industry
The Indian spinning industry is highly fragmented, with the presence of many organised and unorganised players.
− Moderate product-market diversity
DSL mainly manufactures coarse-count grey and dyed yarns of 8-30 counts.
Could lead to an upgrade
ICRA may upgrade DSL’s ratings if its revenues and cash accruals improve significantly on a sustained basis.
Could lead to a downgrade
– ICRA may downgrade DSL’s ratings if its profitability fails to recover meaningfully in the near term and/or its
Agency-reported financials (ICRA, 29 Sep 2026)
| Metric | FY2025 | FY2026 | Q1 FY2027 |
|---|---|---|---|
| Operating income | ₹525 Cr | ₹536 Cr | ₹137 Cr |
| PAT | ₹-10.20 Cr | ₹3.60 Cr | ₹3.10 Cr |
| OPBDIT/OI | 1.1% | 4.1% | 4.6% |
| PAT/OI | -1.9% | 0.7% | 2.3% |
| Total outside liabilities/Tangible net worth (times) | 0.50× | 0.40× | — |
| Total debt/OPBDIT (times) | 6.30× | 1.40× | — |
| Interest coverage (times) | 1.50× | 8.10× | 10.00× |
| Revenue growth (YoY) | — | 2.1% | — |
| EBITDA (margin × income) | ₹5.77 Cr | ₹21.97 Cr | ₹6.29 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹36.35 Cr | ₹30.76 Cr | — |
| Implied interest cost (EBITDA ÷ coverage) | ₹3.85 Cr | ₹2.71 Cr | ₹0.63 Cr |
Borrowings & rated debt
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long-term Fund Based – Cash Credit with change in to | Working capital & bank lines | ₹60.0 Cr | ₹60.0 Cr | 0.0% | A- (Stable) | Reaffirmed | ICRA |
| Exposure Limit | Other | ₹1.00 Cr | ₹1.00 Cr | 0.0% | A2+ | Reaffirmed | ICRA |
| with change in to Guarantee | Non-fund based limits | ₹3.00 Cr | ₹2.00 Cr | −33.3% | A- / A2+ (Stable) | Other | ICRA |
| with change in limit to | Other | ₹16.1 Cr | ₹16.1 Cr | 0.0% | — | Reaffirmed | 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) | 82% |
| 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: 62% chance the next rating action is stable or better
- Current rating A- (investment grade)
- Interest coverage 10×
Rated limits by facility
Timeline
From the report
DSL does not have any long-term debt repayment obligation at present, as it prepaid its term loans in FY2024.
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.