Key Metrics of Essence Buildware Private Limited
About Essence Buildware Private 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
WatchLiquidity assessed as Stretched
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 04 Nov 2026 | ICRA | Assigned | BB- | — | Stable | ₹21.0 Cr | View |
Credit strengths (ICRA, Nov 2026)
+ Extensive experience of promoters in ceramic tiles industry
The promoters have more than two decades of experience in the ceramic tile industry, resulting in an established sourcing network across the Morbi ceramic cluster and strong relationships with customers and suppliers.
+ Established export presence with repeat business from key customers
EBPL has an established presence in international markets, with exports accounting for 97.3% of sales in FY2026, up from 91% in FY2025.
Credit challenges
− High customer concentration and stretched receivables
EBPL’s customer concentration remains high, with the top five customers accounting for 94.5% of revenue in FY2026 against 99.3% in FY2025.
− Profitability exposed to foreign exchange movements
Given EBPL’s predominantly export-oriented revenue profile and negligible import dependence, it remains exposed to forex fluctuations.
− Intense competition and inherent cyclicality in the fragmented ceramic tile industry
The ceramic tile industry is highly fragmented and characterised by intense competition from organised and unorganised players, which limits pricing flexibility and keeps margins under pressure.
Could lead to an upgrade
The rating could be upgraded if there is sustained increase in earnings leading to strengthening of net worth position and
Could lead to a downgrade
The rating could be downgraded if there is material decline in earnings, any major elongation of working capital cycle or any large debt - funded capex and / or any major write offs of receivables impacting the debt protection metrics or
Agency-reported financials (ICRA, 04 Nov 2026)
| Metric | FY2025 | FY2026 |
|---|---|---|
| Operating income (OI) | ₹216 Cr | ₹215 Cr |
| PAT | ₹5.00 Cr | ₹6.00 Cr |
| OPBDIT/OI | 5.5% | 5.5% |
| PAT/OI | 2.3% | 2.8% |
| Total outside liabilities/Tangible net worth (times) | 7.50× | 4.30× |
| Total debt/OPBDIT (times) | 4.10× | 4.00× |
| Interest coverage (times) | 5.00× | 4.50× |
| Revenue growth (YoY) | — | −0.6% |
| EBITDA (margin × income) | ₹11.89 Cr | ₹11.83 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹48.75 Cr | ₹47.32 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹2.38 Cr | ₹2.63 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 | — | ₹8.77 Cr | — | BB- (Stable) | Assigned | ICRA |
| Long-term – Fund-based – Cash credit | Working capital & bank lines | — | ₹7.00 Cr | — | BB- (Stable) | Assigned | ICRA |
| Long-term – Unallocated limits | Working capital & bank lines | — | ₹5.23 Cr | — | BB- (Stable) | Assigned | ICRA |
Debt instruments
| ISIN | Instrument | Type | Coupon | Issued | Maturity | Amount | Rating | Status |
|---|---|---|---|---|---|---|---|---|
| — | FY | Term loans | 8.25% | — | 31 Mar 2030 | ₹8.77 Cr | BB- | Outstanding |
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) | 35% |
| 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: 35% chance the next rating action is stable or better
- Current rating BB- (below investment grade)
- Interest coverage 4.5×
- Working-capital limits 49% utilised on average
- ₹5.23 cr of rated limits not yet tied to a lender
Rated limits by facility
Timeline
From the report
Liquidity position: Stretched EBPL’s liquidity remains Stretched, characterised by low cash and bank balances of Rs. 0.3 crore as on March 31, 2026, elongated receivables and relatively high scheduled debt repayments of Rs. 7.6 crore in FY2027.
From the report
The average utilisation of the fund-based working capital limits stayed moderate at 49% during the 12 months ended in October 2026, providing some liquidity support.
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.