Katira Construction Limited

Key Metrics of Katira Construction Limited

Revenue₹573 Cr▲ 34.1% YoYFY 2023-24

EBITDA₹51.0 Cr▲ 18.1% YoY

Net profit₹33.4 Cr▲ 59.8% YoY

Net worth—

Competitors10identified

About Katira Construction Limited

Sectors

Real Estate & ConstructionReal Estate & Infrastructure

Company details

Registered office: Kcl House, First Floor, C - Wing, Katira Shoppers City R.t.o. Relocation Site, Kachchh, Kachchh, In-gj, 370001

Operational Areas of Katira Construction Limited

Real Estate & Construction›Real Estate & Infrastructure

Company summary

Entity details

CINU45201GJ2003PLC042189

LEI code335800DTTFMEZ1ZXGI40

State codeGJ

PIN code370001

Current legal nameKATIRA CONSTRUCTION LIMITED

Classification—

Listing statusUnlisted

Registration no.042189

Company age—

PAN—

CountryIndia

CityKachchh

StateGujarat

Current statusActive

Date of incorporation—

Registrar of companies—

Authorised capital—

Paid-up capital—

Employee count—

Compliance

Last AGM date—

Last balance sheet—

Next filing dueMGT-7 for FY 2025-26 · 29 Nov 2026

Industry classification

NIC code45201

Description of main activityConstruction

Description of business activityConstruction

SectorReal Estate & Construction · Real Estate & Infrastructure

Premium

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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Filing compliance

AGM for FY 2025-2630 Sep 2026 Statutory due date passed

AOC-4 for FY 2025-2630 Oct 2026 Statutory due date passed

MGT-7 for FY 2025-2629 Nov 2026 Statutory due date · 27 days left

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

ICRA · 30 Jul 2026 ICRA B+ Stable outlook · Short term A4 · Non-cooperating

CARE · 24 Mar 2015 — Other

Change in last 12 months▼ 4 notches

Change since first rating on record▼ 4 notchessince Feb 2014

Rating actions30 up · 0 down

WatchIssuer not cooperating with ICRA (rating based on limited information)

Rating history

Rating actions

Date	Agency	Action	Long term	Short term	Outlook	Rated amount	Rationale
30 Jul 2026	ICRA	Non-cooperating	B+	A4	Stable	₹227 Cr	View
24 Mar 2015	CARE	Other	—	—	—	₹2,949 Cr	View
10 Feb 2014	CARE	Reaffirmed	BBB-	A3	—	₹37.0 Cr	View

Agency-reported financials (ICRA, 30 Jul 2026)

Metric	FY 2023	FY 2024
Operating income	₹427 Cr	₹573 Cr
PAT	₹20.90 Cr	₹33.40 Cr
OPBDITA/OI	10.1%	8.9%
PAT/OI	4.9%	5.8%
Total debt/OPBDITA (times)	2.30×	1.10×
Interest coverage (times)	4.10×	5.60×
Revenue growth (YoY)	—	34.1%
EBITDA (margin × income)	₹43.15 Cr	₹50.97 Cr
Implied total debt (debt/EBITDA × EBITDA)	₹99.25 Cr	₹56.07 Cr
Implied interest cost (EBITDA ÷ coverage)	₹10.52 Cr	₹9.10 Cr

Borrowings & rated debt

Rated borrowing limits (latest)₹2,949 Cr

Peak rated limits₹2,949 CrMar 2015 · CARE

Limits raised0 times0 new facilities rated

Rated limits over time

Facility mix

Rated facilities

Facility	Type	Previous	Current	Change	Rating	Action	Agency
Mobile: +91-9819009839 Mobile: +91-9819698985 E-mail: meenal.sikchi careratings.com E-mail: ankur.sachdeva careratings.com CREDIT ANALYSIS & RESEARCH LIMITED Co	Other	₹400 Cr	₹22.0 Cr	−94.5%	—	Other	CARE
Tel: +91-22-6754 \| Fax: +91-22-6754 \| E-mail: care careratings.com Other Office: Kaledonia, Sahar Road, Near Andheri Railway Station, Andheri (E), Mumbai Tel: +	Other	₹400 Cr	₹69.0 Cr	−82.8%	—	Other	CARE
Satellite, Ahmedabad Madho Singh Road, Near Collectorate Circle	Other	₹380 Cr	₹15.0 Cr	−96.1%	—	Other	CARE
Cell: +91-98242 Bani Park, Jaipur 016.	Other	—	₹302 Cr	—	—	Other	CARE
Tel: +91-79-4026 Cell: +91 – E-mail: mehul.pandya careratings.com Tel: +91-141-402 E-mail: harshraj.sankhla careratings.com BENGALURU Mr. Dinesh Sharma KOLKATA	Other	—	₹560 Cr	—	—	Other	CARE
Cell: +91-99000 10A, Shakespeare Sarani, Kolkata 071.	Other	—	₹700 Cr	—	—	Other	CARE
Tel: +91-80-4115 Cell: +91-98319 E-mail: dinesh.sharma careratings.com Tel: +91-33-E-mail: priti.agarwal careratings.com CHANDIGARH Mr. Sajan Goyal NEW DELHI 2n	Other	—	₹160 Cr	—	—	Other	CARE
Cell: +91 Jhandewalan Extension, New Delhi 055.	Other	—	₹110 Cr	—	—	Other	CARE
Tel: +91-172-5171 Cell: +91-98117 Email: sajan.goyal careratings.com Tel: +91-11-4533 E-mail: swati.agrawal careratings.com CHENNAI Mr. V Pradeep Kumar PUNE Uni	Other	—	₹600 Cr	—	—	Other	CARE
Cell: +91 Plot No. Bhamburda, Senapati Bapat Road, Tel: +91-44-2849 Shivaji Nagar, Pune 015.	Other	—	₹411 Cr	—	—	Other	CARE

Credit assessment · Construction (EPC contractors)

ICRA Rating Methodology – Construction (Oct 2024) · Standalone accounts · FY 2023-24

Indicative long-term—

Indicative short-term—

Score—

LiquidityAdequate

DirectionStableAgency outlook: Stable

ICRA rating · Jul 2026B+8 notches below indicative

Ratios, pillar scores and the indicative rating are part of Premium.

Rating status

Default	No default on record
Issuer cooperation	Not cooperating since 30 Jul 2026 (2 months)
Credit enhancement	None – standalone rating
Next action stable or better (model)	42%
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

⬇ PDF report ⬇ Excel

Can it borrow more?Further bank funding difficult Next rating action stable or better: 34% (Downgrade likely) · ML model on 6893 rating histories, AUC 0.653

Rated limits₹227 Cr

Not yet allocated—

Extra debt within 2.5× EBITDA—

Interest coverage5.60×

Limit utilisation—

Open bank charges0 · —

Credit outlook model: 34% chance the next rating action is stable or better
Current rating B+ (below investment grade)
Interest coverage 5.6×
Issuer not cooperating with the rating agency

Rated limits by facility

Timeline

30 Jul 2026 ICRA non-cooperating: B+ (Stable)Rated limits ₹227 cr ICRA rationale

24 Mar 2015 CARE other: —Rated limits ₹2,949 cr CARE rationale

10 Feb 2014 CARE reaffirmed: BBB-Rated limits ₹36.99 cr CARE rationale

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.

Competitors of Katira Construction Limited