Key Metrics of Kapoor Industries
About Kapoor Industries
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
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 07 May 2026 | ICRA | Reaffirmed | AA- | A1+ | Stable | ₹322 Cr | View |
Credit strengths (ICRA, May 2026)
+ Established position in premium terry towel export industry
KIL is an established manufacturer and exporter of terry towels, featuring among India’s top exporters to the US in this category.
+ Long association with leading large format retailers in the US provides revenue visibility
KIL has an established association with leading large-format retailers in the US.
+ Healthy return metrics, capitalisation and debt coverage indicators
KIL’s demonstrated operational efficiencies, its emphasis on value addition, and benefits from the Government in the form of export incentives have supported its healthy profitability over the years, as reflected in strong operating margins.
Credit challenges
− Product, geographical and customer concentration risks
While KIL has expanded its product portfolio to include other textile made-ups like bathmats, rugs, bath robes, cooking gloves, etc., its dependence on terry towels remains high (accounting for more than about 90% of its sales in the past two fiscals).
− Profitability vulnerable to volatilities in cotton yarn prices and fluctuations in forex rates
KIL’s profitability is vulnerable to volatility in cotton yarn prices, as there is a lag between order booking and deliveries.
− Vulnerability of profitability to changes in export incentive structure
Like other textile exporters, KIL’s profitability is supported by export incentives, which historically accounted for 30-40% of its operating profits.
Could lead to an upgrade
ICRA could upgrade KIL’s long-term rating if the company demonstrates sustained improvement in its business profile, underpinned by higher geographic diversification in exports and a broader customer base, while continuing to scale up operations profitably over the medium term. The upgrade would also hinge on KIL’s ability to maintain healthy return indicators and strong debt coverage metrics.
Could lead to a downgrade
Pressure on KIL’s ratings could arise if there is a meaningful pressure on the company’s earnings and/ or an elongation of working capital cycle, resulting in a moderation in its return metrics and
Agency-reported financials (ICRA, 07 May 2026)
| Metric | FY2025 | FY2026 |
|---|---|---|
| Operating income | ₹1,277 Cr | ₹1,262 Cr |
| PAT | ₹188 Cr | ₹139 Cr |
| OPBDIT/OI | 22.9% | 18.1% |
| PAT/OI | 14.7% | 11.0% |
| Total outside liabilities/Tangible net worth (times) | 0.40× | 0.30× |
| Total debt/OPBDIT (times) | 0.80× | 1.10× |
| Interest coverage (times) | 13.50× | 10.50× |
| Revenue growth (YoY) | — | −1.2% |
| EBITDA (margin × income) | ₹292 Cr | ₹228 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹234 Cr | ₹251 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹21.67 Cr | ₹21.75 Cr |
Borrowings & rated debt
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long-term non-fund based | Non-fund based limits | ₹25.0 L | ₹25.0 L | 0.0% | AA- (Stable) | Reaffirmed | ICRA |
| Short-term fund-based | Working capital & bank lines | ₹320 Cr | ₹320 Cr | 0.0% | A1+ | Reaffirmed | ICRA |
| Short-term non-fund based | Non-fund based limits | ₹2.00 Cr | ₹2.00 Cr | 0.0% | A1+ | Reaffirmed | 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) | 75% |
| Information on file | 56% · missing: Annual results history (3+ years), 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: 74% chance the next rating action is stable or better
- Current rating AA- (investment grade)
- Interest coverage 10.5×
Rated limits by facility
Timeline
From the report
Over the past five years, KIL reported aggregate cash flows from operations of Rs. 730 crore, around 60% of which was reinvested as capex.
From the report
Further, the company’s liquidity position remains strong, reinforced by cash and liquid investments of more than Rs. 430 crore as on March 31,2026.
From the report
Liquidity position: Strong KIL’s liquidity position remains strong, characterised by cash and liquid investments of more than Rs. 400 crore as on March 31,2026.
From the report
ICRA expects KIL’s cash flow from operations as well as accumulated liquid balance to be more than sufficient to meet margin requirements for its capex (around Rs. 60-70 crore in FY2027); it has minimal repayment obligations of Rs. 0.8 crore in FY2027.
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.