Key Metrics of Ebro India Private Limited
About Ebro India Private Limited
Part of EV Motors.
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 actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 14 Aug 2026 | ICRA | Reaffirmed | — | A1 | — | ₹1,232 Cr | View |
Credit strengths (ICRA, Aug 2026)
+ Access to operational and financial support from parent entity
EBRO’s parent, Ebro Foods S.A., is one of the leading rice and pasta companies in the world.
+ Favourable location of EBRO’s facility
The company’s manufacturing facility is located in Haryana, one of the leading basmati rice producing states.
Credit challenges
− High working capital intensity; intense competition in the industry
EBRO’s working capital intensity remains high, primarily due to the increased inventory level (given the seasonality in the availability of basmati paddy).
− Exposure to changes in trade policies and the Government’s regulations
The company is exposed to changes in the trade policies of key importing countries, as well as in India, which can impact export revenues.
− Vulnerable to foreign exchange movement and agro-climatic risks
Exports constitute more than 80% of the company’s turnover, and thus EBRO remains exposed to currency fluctuations to the extent of the unhedged exposure.
Could lead to an upgrade
The rating could be upgraded, if EBRO demonstrates a continued growth in its scale of operations and registers an improvement in its profit margins, leading to healthy debt protection metrics on a sustained basis. Moreover, the rating would be sensitive to strengthening of thecredit profile of its ultimate parent, Ebro Foods S.A.
Could lead to a downgrade
Sustained pressure on the company’s performance, a deterioration in its profit margins, and an elongation of the working capital cycle, resulting in a deterioration in the
Agency-reported financials (ICRA, 14 Aug 2026)
| Metric | FY2025 | FY2026 |
|---|---|---|
| Operating income | ₹1,312 Cr | ₹1,399 Cr |
| PAT | ₹48.50 Cr | ₹39.50 Cr |
| OPBDIT/OI | 6.6% | 5.4% |
| PAT/OI | 3.7% | 2.8% |
| Total outside liabilities/Tangible net worth (times) | 1.40× | 1.00× |
| Total debt/OPBDIT (times) | 1.80× | 5.30× |
| Interest coverage (times) | 6.50× | 10.10× |
| Revenue growth (YoY) | — | 6.6% |
| EBITDA (margin × income) | ₹86.62 Cr | ₹75.55 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹156 Cr | ₹400 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹13.33 Cr | ₹7.48 Cr |
Borrowings & rated debt
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Short-term Fund-based – reaffirmed Working Capital Facilities | Working capital & bank lines | ₹640 Cr | ₹1,232 Cr | 92.5% | A1 | 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) | 50% |
| 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
- Interest coverage 10.1×
Rated limits by facility
Timeline
From the report
Short-term Fund-based – 640.0 1,232.0 reaffirmed/assigned for RBI Working Capital Facilities enhanced amount Total 640.0 1,232.0 *Instrument details are provided in Annexure I # SEBI’s grievance redressal/dispute resolution and SEBI investor protection mechanisms such as SCORES and ODR shall not be available for activities and instruments which fall under the regulatory purview of Financial Sector Regulators other than SEBI.
From the report
In addition to equity infusion in the past, the holding company has extended external commercial borrowing (ECB) to EBRO in FY2021 apart from the corporate guarantee for the working capital facilities availed in India.
From the report
Liquidity position: Adequate EBRO’s liquidity position remains adequate, characterised by expectation of steady fund flow from operations (expected to range at Rs. 45-55 crore/annum) and cash and bank balances of Rs. 49 crore as of July 2026, apart from cushion of more than www.icra.in Sensitivity Label : Public Page |2 Rs. 800 crore in fund-based limits in past 10 months ended June 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.
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.
Group companies
Part of EV Motors
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.