Key Metrics of Embee Software Pvt Ltd
About Embee Software Pvt Ltd
Sectors
Company details
- Registered office
- 701 Advent Atria, Chincholi Bunder Road Opp. Kingstone Tower, Malad (west), Mumbai City, Mumbai, Mah, Mumbai, In-mh, 400064
Operational Areas of Embee Software Pvt Ltd
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 history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 29 Jul 2026 | ICRA | Reaffirmed | BBB | A3+ | Stable | ₹364 Cr | View |
Credit strengths (ICRA, Jul 2026)
+ Established operational track record and relationship with globally renowned vendors in the information technology space
Embee has an operational track record of more than 30 years as an IT solutions provider.
+ Increasing scale of operations
The turnover of Embee witnessed a steady growth over the past few years, primarily driven by the increasing off-take in the cloud segment.
+ Strategic engagement with Microsoft strengthens Embee’s business profile
Embee generates the major portion (around 90%) of its revenues from the sale and servicing of Microsoft products.
Credit challenges
− Highly competitive business segment, limited pricing flexibility exert pressure on margins
Competitive nature of the business and trading nature of a significant portion of revenues limit the company’s pricing flexibility, keeping the operati ng margin under check.
− Aggressive capital structure; high total outside liabilities relative to tangible net worth due to substantial creditors fund ing
The capital structure of the company improved significantly in FY2026, with the gearing declining to 0.3 times as on March 31, 2026 from 1.1 times as on March 31, 2025, supported by healthy accretion to reserves, lower debt levels and improved profitability.
− Large receivables position necessitates high working capital requirement
Embee’s receivable position continues to remain sizeable on account of the credit period extended to customers and significant billing towards the year -end.
Could lead to an upgrade
ICRA may upgrade Embee’s ratings if the entity demonstrates a material improvement in revenues and earnings along with a sizeable reduction in receivables, easing its
Could lead to a downgrade
Pressure on Embee’s ratings may arise if its revenues and profitability decline significantly. Besides, a stretch in the receivables, exerting pressure on the
Agency-reported financials (ICRA, 29 Jul 2026)
| Metric | FY2025 | FY2026 |
|---|---|---|
| Operating income | ₹2,199 Cr | ₹2,683 Cr |
| PAT | ₹12.50 Cr | ₹30.60 Cr |
| OPBDIT/OI | 1.3% | 1.8% |
| PAT/OI | 0.6% | 1.1% |
| Total outside liabilities/Tangible net worth (times) | 7.30× | 5.60× |
| Total debt/OPBDIT (times) | 5.00× | 1.10× |
| Interest coverage (times) | 1.90× | 2.60× |
| Revenue growth (YoY) | — | 22.0% |
| EBITDA (margin × income) | ₹28.59 Cr | ₹48.30 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹143 Cr | ₹53.13 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹15.05 Cr | ₹18.58 Cr |
Borrowings & rated debt
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long-term Fund-based – Working Capital Facilities | Working capital & bank lines | ₹114 Cr | ₹106 Cr | −7.0% | BBB (Stable) | Reaffirmed | ICRA |
| Long-term Short-term – Non-Fund based – Working Capital | Non-fund based limits | ₹55.5 Cr | ₹76.5 Cr | 37.8% | BBB / A3+ (Stable) | Reaffirmed | ICRA |
| Facilities Total | Other | ₹169 Cr | ₹182 Cr | 7.7% | — | Other | ICRA |
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) | 52% |
| 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: 52% chance the next rating action is stable or better
- Current rating BBB (investment grade)
- Interest coverage 2.6×
- Working-capital limits 86% utilised on average
Rated limits by facility
Timeline
From the report
Fund based – Working Capital 55.50 76.5 Reaffirmed and assigned for RBI Facilities enhanced amount Total 169.00 182.00 *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
The average utilisation of the working capital limits of the company remained at around 86% during the last 12 months, ended in May 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.
Competitors of Embee Software Pvt Ltd
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
 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 |
 LTM LIMITED |
Indian IT Services · Business Services | ltm.com | 1997 | Mumbai, Maharashtra, 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 |
| Indian IT Services · Business Services | ltts.com | — | Mumbai, Maharashtra, India | |
| CMR GREEN TECHNOLOGIES LIMITED | Indian IT Services · IT Services & Software | — | — | Faridabad, Haryana, India |
 KPIT TECHNOLOGIES LIMITED |
Indian IT Services · Business Services | kpit.com | 1990 | Pune, Maharashtra, India |
 Zensar Technologies |
Indian IT Services · IT Services & Software | zensar.com | — | Pune, 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.