Key Metrics of Flexituff Ventures International Limited
About Flexituff Ventures International Limited
Sectors
Company details
- Registered office
- 6th Floor Treasure Island 11 South Tukoganjmg Road, Indore, Indore, Madhya Pradesh, India,, Indore, In-mp, 452001
- Listed
- NSE: FLEXITUFF · ₹2.73
Operational Areas of Flexituff Ventures International Limited
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 |
|---|---|---|---|---|---|---|---|
| 17 Apr 2026 | CARE | Non-cooperating | D | — | — | ₹464 Cr | View |
| 29 Jan 2025 | CARE | Non-cooperating | D | — | — | ₹464 Cr | View |
| 22 Dec 2023 | CARE | Non-cooperating | D | — | — | ₹464 Cr | View |
| 03 Oct 2022 | CARE | Non-cooperating | D | — | — | ₹927 Cr | View |
| 30 Aug 2021 | CARE | Reaffirmed | D | — | — | ₹464 Cr | View |
| 04 Sep 2020 | CARE | Assigned | D | — | — | ₹927 Cr | View |
| 14 Oct 2015 | CARE | Assigned | — | — | — | ₹3,380 Cr | View |
Credit strengths (CARE, Oct 2022)
—
Credit challenges
− Weak financial risk profile with continued losses albeit improvement in profitability in FY22 and Q1FY23
Post default in its repayment obligation for FCCB’s in 2019 with subdued performance of geo textile segment, FVIL had faced liquidity issues and decline in scale of operation in FY20 leading to lower elevated cost structure with low-capacity utilization. It had reported losses at operating level in FY20, FY21. However, in FY22, FVIL’s TOI increased by 23% and it had reported profits on operating level marked by PBILDT margin of 2.08% in FY22. Also, in Q1FY23, company reported
Could lead to an upgrade
▪ Sustained track record of timely servicing of debt obligations for a minimum period of 90 days from the date of last delay/ defaults
Agency-reported financials (CARE, 17 Apr 2026)
| Metric | March 31, 2024 | March 31, 2025 | 9MFY26 |
|---|---|---|---|
| Total operating income | ₹601 Cr | ₹289 Cr | ₹17.11 Cr |
| PBILDT* | ₹-,114.78 Cr | ₹-,117.15 Cr | ₹-27.19 Cr |
| PAT | ₹-,184.09 Cr | ₹238 Cr | ₹-65.81 Cr |
| Overall gearing (times) NM | 47.35× | — | — |
| Revenue growth (YoY) | — | −51.9% | — |
| PAT margin | −30.6% | 82.3% | −384.6% |
Borrowings & rated debt
Rated limits over time
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| crore) ISSUER NOT continues to remain under ISSUER Long Term Bank Facilities | Working capital & bank lines | — | ₹13.3 Cr | — | D | Other | CARE |
| NOT Long Term Short Term Bank ISSUER NOT continues to remain under ISSUER Facilities NOT | Working capital & bank lines | — | ₹251 Cr | — | D | Non-cooperating | CARE |
| ISSUER NOT continues to remain under ISSUER Short Term Bank Facilities | Working capital & bank lines | — | ₹199 Cr | — | D | Other | CARE |
CARE ratings on record (checked 23 Oct 2026)
| Instrument | Amount | Rating |
|---|---|---|
| Term Loan | ₹13.3 Cr | CARE D; ISSUER NOT COOPERATING* |
| Working Capital Limits | ₹199 Cr | CARE D; ISSUER NOT COOPERATING* |
| Working Capital Limits | ₹251 Cr | CARE D / CARE D; ISSUER NOT COOPERATING* |
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 | In default (CARE D) |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Next action stable or better (model) | 25% |
| Information on file | 78% · missing: Capex / investment plans, Auditor details |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 25% chance the next rating action is stable or better
- Current rating D (below investment grade)
Rated limits by facility
Timeline
From the report
Furthermore, FVIL has continued to report cash loss (of Rs.41 crore) during FY22 as against large scheduled term debt repayment obligation of around Rs.280 crore during FY22 resulting into cash flow mismatch, and subsequently, delays and defaults in debt servicing.
From the report
Furthermore, FVIL has continued to report cash loss (of Rs.41 crore) during FY22 as against large scheduled term debt repayment obligation of around Rs.280 crore during FY22 resulting into cash flow mismatch, and subsequently, delays and defaults in debt servicing.
From the report
During FY22, the company had over-utilized its cash credit working capital facility by Rs.152.37 crore because of devolvement of letter of credit issued by banks.
From the report
Furthermore, FVIL has continued to report cash loss (of Rs.10 crore) during FY21 as against large scheduled term debt repayment obligation of around Rs.279 crore during FY21 resulting into cash flow mismatch, and subsequently, delays and defaults in debt servicing.
From the report
Furthermore, FVIL has continued to report cash loss (of Rs.10 crore) during FY21 as against large scheduled term debt repayment obligation of around Rs.279 crore during FY21 resulting into cash flow mismatch, and subsequently, delays and defaults in debt servicing.
From the report
During FY21, the company had over-utilized its cash credit working capital facility by Rs.63.95 crore as a result of devolvement of letter of credit issued by banks. 1 Complete definitions of the ratings assigned are available at www.careratings.comand in other CARE publications 1 CARE Ratings Limited Press Release Analytical Approach: Consolidated.
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 Flexituff Ventures International Limited
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
 Apollo Tyres |
Polymers & Petrochemicals · Cement, Building Materials & Polymers | apollotyres.com | 1972 | Ernakulam, India |
 Tata Chemicals |
Polymers & Petrochemicals · Cement, Building Materials & Polymers | tatachemicals.com | 1939 | Mumbai, India |
 CEAT |
Polymers & Petrochemicals · Cement, Building Materials & Polymers | ceat.in | 1924 | Mumbai, India |
| Polymers & Petrochemicals · Cement, Building Materials & Polymers | haldiapetrochemicals.com | — | Kolkata, India | |
 Pidilite Industries |
Paints, Panels & Construction Chemicals · Cement, Building Materials & Polymers | pidilite.com | 1959 | Mumbai, India |
| Aarti Industries Ltd | Discovered Companies · Other Industries | — | — | Vapi, Gujarat, India |
 Atul |
Discovered Companies · Other Industries | atul.co.in | 1947 | India |
 Gujarat Fluorochemicals Limited |
Polymers & Petrochemicals · Cement, Building Materials & Polymers | gfl.co.in | 1987 | Basal, Himachal Pradesh, India |
| Jubilant Ingrevia Limited | Discovered Companies · Other Industries | — | — | Amroha, Uttar Pradesh, India |
 Sumitomo Chemical India Limited |
Polymers & Petrochemicals · Cement, Building Materials & Polymers | sumitomo-chem.co.jp | — | Mumbai, Maharashtra, 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.