Key Metrics of Hll Infra Tech Services Limited
About Hll Infra Tech Services 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.
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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
PositiveUpgraded by ICRA on 28 Jul 2026
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 28 Jul 2026 | ICRA | Upgraded | BBB+ | A2 | Stable | ₹33.5 Cr | View |
Credit strengths (ICRA, Jul 2026)
+ Company’s status as PSA for MoHFW provides preference in award of Central and state government contracts
HITES has been designated as an NPSA for the MoHFW, which provides it with a competitive advantage in securing contracts from the GoI.
+ Healthy order book and diversified revenue profile
HITES operates across four verticals, namely health infrastructure division (ID), medical device procurement and consultancy division (PCD), FMS and BMES, leading to a diversified revenue profile.
Credit challenges
− High competitive intensity in the ID, FMS and BMES divisions
In the ID segment, the company encounters competition from public sector companies such as NBCC, EPI, EIL, HSCC, PFC, etc.
− Moderate scale of operations and working capital cycle characterised by high receivables days
The company’s scale of operations remains moderate, limiting its financial flexibility.
Could lead to an upgrade
Enhancement in HLL’s credit profile and/or a substantial increase in the scale of operations and cash accruals of HITES, aided by improved order inflows, on a sustained basis may lead to a rating upgrade.
Could lead to a downgrade
ICRA could downgrade the ratings in case there is a deterioration in the credit profile of its parent, HLL, or weakening of linkages with HLL. Further, a significant reduction in HITES’s revenue visibility due to delays in order execution and/or subdued fresh order inflows, adversely impacting the earnings or debt protection metrics on a sustained basis, could also exert pressure on the ratings.
Agency-reported financials (ICRA, 28 Jul 2026)
| Metric | FY2025 | FY2026 |
|---|---|---|
| Operating income (OI) | ₹463 Cr | ₹569 Cr |
| PAT | ₹34.00 Cr | ₹43.80 Cr |
| OPBDIT/OI | 9.2% | 8.6% |
| PAT/OI | 7.3% | 7.7% |
| Total outside liabilities/Tangible net worth (times) | 38.00× | 25.90× |
| Total debt/OPBDIT (times) | 0.00× | 0.50× |
| Interest coverage (times) | 139.40× | 12.20× |
| Revenue growth (YoY) | — | 22.9% |
| EBITDA (margin × income) | ₹42.61 Cr | ₹48.95 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹0.00 Cr | ₹24.48 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹0.31 Cr | ₹4.01 Cr |
Borrowings & rated debt
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long term – Fund-based – Cash | Working capital & bank lines | ₹12.5 Cr | ₹12.5 Cr | 0.0% | BBB+ (Stable) | Upgraded | ICRA |
| credit Short term – Non-fund based | Non-fund based limits | ₹21.0 Cr | ₹21.0 Cr | 0.0% | BBB / A2 (Stable) | Upgraded | ICRA |
Credit assessment · Construction (EPC contractors)
ICRA Rating Methodology – Construction (Oct 2024) · 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) | 26% |
| 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: 53% chance the next rating action is stable or better
- Current rating BBB+ (investment grade)
- Interest coverage 12.2×
Rated limits by facility
Timeline
From the report
Liquidity position: Adequate HITES’ liquidity position is Adequate, as indicated by its cash and bank balances of Rs. 372 crore and buffer of Rs. 12 crore in fund-based working capital limits as of March 31, 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.
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.