Key Metrics of Indian Express Limited
About Indian Express Limited
Sectors
Company details
- Website
- expressgroup.indianexpress.com
Operational Areas of Indian Express 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
PositiveUpgraded by ICRA on 13 Aug 2026
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 13 Aug 2026 | ICRA | Upgraded | A+ | A1+ | Stable | ₹105 Cr | View |
Credit strengths (ICRA, Aug 2026)
+ Strong financial risk profile
TIEPL’s revenues remained broadly stable with moderate revenue growth of 3% in FY2026 (provisional) to Rs. 501.9 crore (PY: 487.5 crore).
Credit challenges
− Operating margins vulnerable to changes in newsprint prices and forex fluctuations
The operating margins are exposed to adverse movements in newsprint prices, along with foreign exchange rate fluctuations on account of high dependence on newsprint imports.
Could lead to an upgrade
ICRA could upgrade TIEPL’s ratings if there is significant improvement in its scale of operations along with diversification its business operations, while maintaining robust debt coverage metrics and strong
Could lead to a downgrade
Pressure on TIEPL’s rating may arise if there is a significant decline in revenues or operating margins or significant elongation of working capital cycle or any large debt-funded capex weakens the debt protection metrics on a sustained basis. Any substantial depletion in the company’s
Agency-reported financials (ICRA, 13 Aug 2026)
| Metric | FY2025 | FY2026 |
|---|---|---|
| Operating income | ₹488 Cr | ₹502 Cr |
| PAT | ₹94.70 Cr | ₹94.50 Cr |
| OPBDIT/OI | 18.6% | 18.0% |
| PAT/OI | 19.4% | 18.8% |
| Total outside liabilities/Tangible net worth (times) | 0.10× | 0.10× |
| Total debt/OPBDIT (times) | 0.00× | 0.00× |
| Interest coverage (times) | 373.00× | 241.20× |
| Revenue growth (YoY) | — | 3.0% |
| EBITDA (margin × income) | ₹90.68 Cr | ₹90.34 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹0.00 Cr | ₹0.00 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹0.24 Cr | ₹0.37 Cr |
Borrowings & rated debt
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long-term – Fund-based | Working capital & bank lines | ₹20.0 Cr | ₹30.0 Cr | 50.0% | A+ (Stable) | Upgraded | ICRA |
| Working capital facilities Short-term – Non-fund based – Letter of credit | Non-fund based limits | ₹55.0 Cr | ₹10.0 Cr | −81.8% | A / A1+ (Stable) | Upgraded | ICRA |
| Long-term/Short-term | Working capital & bank lines | ₹30.0 Cr | ₹65.0 Cr | 116.7% | A+ / A1+ (Stable) | Upgraded | 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) | 48% |
| 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: 73% chance the next rating action is stable or better
- Current rating A+ (investment grade)
- Interest coverage 241.2×
Rated limits by facility
Timeline
From the report
It has remained debt free over the last three years (FY2024-FY2026).
From the report
The company maintains a strong liquidity position as reflected in sizeable cash and investments of around Rs. 535.9 crore as of March 2026, which is expected to sustain over mediumterm, given there are no major capex or investment plans.
From the report
The company remained debt free over the last three years (FY2024-FY2026).
From the report
Liquidity position: Strong TIEPL’s liquidity profile remains strong, aided by free cash and bank balances of Rs. 31.4 crore as of March 2026, along with liquid current investments of ~Rs. 33.8 crore and non-current investments of ~Rs. 502.2 crore.
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 Indian Express Limited
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
 Larsen & Toubro |
Capital Goods & Power Equipment · Heavy Engineering & Capital Goods | larsentoubro.com | 1938 | Mumbai, India |
 Thermax |
Capital Goods & Power Equipment · Heavy Engineering & Capital Goods | thermaxglobal.com | 1980 | Pune, India |
| Machine Tools & Industrial Machinery · Construction | sanyexcavator.com | — | Maharashtra, India | |
 Blue Dart Express |
Outlets operated by Blue Dart Express. | bluedart.com | 1983 | Mumbai, India |
| H.G. INFRA ENGINEERING LIMITED (PART IX) | Machine Tools & Industrial Machinery · Heavy Engineering & Capital Goods | — | — | Jodhpur, Rajasthan, India |
 Tata Hitachi Construction Machinery Company |
Machine Tools & Industrial Machinery · Heavy Engineering & Capital Goods | tatahitachi.co.in | 1961 | Bangalore, India |
 Kirloskar Brothers |
Capital Goods & Power Equipment · Heavy Engineering & Capital Goods | kirloskarpumps.com | 1888 | Pune, India |
 Sansera Engineering Limited |
Machine Tools & Industrial Machinery · Heavy Engineering & Capital Goods | sansera.in | — | Bangalore, Karnataka, India |
 Action Construction Equipment Limited |
Fertilisers, Seeds & Crop Protection · Agriculture & Agri-Inputs | ace-cranes.com | 2009 | Palwal, India |
 AJAX Engineering |
Part of Fiori Group. | ajax-engg.com | 1992 | Bangalore, 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
mass media
Filings
No filings on record yet.