Key Metrics of Intertex Pvt Ltd
About Intertex Pvt Ltd
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
WatchDowngraded by ICRA on 27 Mar 2026 (from BB+)
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 27 Mar 2026 | ICRA | Downgraded (from BB+) | BB | A4 | Stable | ₹125 Cr | View |
Credit strengths (ICRA, Mar 2026)
+ Extensive experience of promoters in bulk trading businessof various commodities
Incorporated in 1982, IPL is involved in trading bulk commodities such as coal, iron ore,and shredded scrap.
Credit challenges
− High leverage due to reliance on creditors’ funding
IPL’s high reliance on creditors and working capital limits from banks and low net worth base, has led to relatively higher leverage levels, as indicated by TOL/TNW of 3.7 times as on March 31, 2025.
− Weak profit margins due to trading nature of business, intense competition and vulnerability to adverse forex rates
The company’s profitability remains weak, restricted by the trading nature of its business, with no value addition.
Could lead to an upgrade
ICRA is likely to upgrade IPL’s ratings if any sustained improvement in its scale of operations and profit margins or infusion of funds as capital, strengthens the net worth base.
Could lead to a downgrade
Pressure on IPL’s ratings may arise if there is considerable pressure on revenue and earnings, and/or if any cash flow mismatches weaken the company’s
Agency-reported financials (ICRA, 27 Mar 2026)
| Metric | FY2024 | FY2025 |
|---|---|---|
| Operating income | ₹204 Cr | ₹184 Cr |
| PAT | ₹1.60 Cr | ₹1.40 Cr |
| OPBDITA/OI | 2.4% | 0.9% |
| PAT/OI | 0.8% | 0.8% |
| Total outside liabilities/Tangible net worth (times) | 6.30× | 3.70× |
| Total debt/OPBDITA (times) | 9.90× | 25.40× |
| Interest coverage (times) | 0.80× | 0.50× |
| Revenue growth (YoY) | — | −9.9% |
| EBITDA (margin × income) | ₹4.89 Cr | ₹1.65 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹48.41 Cr | ₹41.91 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹6.11 Cr | ₹3.30 Cr |
Borrowings & rated debt
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| credit Long-term – Interchangeable (6.00) (6.00) | Working capital & bank lines | ₹10.0 Cr | ₹10.0 Cr | 0.0% | — | Downgraded | ICRA |
| Letter of Credit | Non-fund based limits | ₹115 Cr | ₹115 Cr | 0.0% | A4+ | Other | ICRA |
Credit assessment · Manufacturing
Rating Methodology – Manufacturing Companies (Mar 2025) · Standalone accounts · FY 2024-25
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) | 81% |
| Information on file | 22% · missing: Audited financial statements (last 18 months), Annual results history (3+ years), Liquidity position, 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: 51% chance the next rating action is stable or better
- Current rating BB (below investment grade)
- Interest coverage 0.5×
Rated limits by facility
Timeline
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.