Key Metrics of Kjp & Associates
About Kjp & Associates
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
WatchNegative outlook (ICRA)
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 31 Mar 2026 | ICRA | Reaffirmed | BBB- | — | Negative | ₹70.0 Cr | View |
Credit strengths (ICRA, Mar 2026)
+ Favourable location of the property purchased in last two years
Out of the firm’s total six properties, two properties are located in the World Trade Center, Naoroji Nagar, New Delhi.
+ Experienced promoters and track record of group support
The firm’s promoters have extensive experience of around a decade in acquiring and managing properties with high rental income.
Credit challenges
− Vulnerability of debt coverage ratios due to rising debt level and interest amid uncertainty over rentals from new property
The firm’s debt coverage indicators remain vulnerable, given the elevated debt levels as of March 2025.
− Moderate scale of operations and low occupancy of old properties
The rating is constrained by the small scale of operations and the low occupancy levels across the firm’s older properties.
− Exposure to high tenancy risk
The tenancy risk remains high, as the two properties located in Mohali have remained vacant for more than one year, although the firm expects to tie up tenants for its larger Mohali property in the near term.
− Exposed to market risks
The newly acquired property is currently under the development phase, wherein the furnishing and interior works are yet to be undertaken in line with the requirements of the prospective tenant.
Could lead to a downgrade
Pressure on the rating could arise in case of inadequate leasing progress or delays in commencement of rentals for the untied area or any material delay in rental collections and/or a significant increase in indebtedness, resulting in deterioration of debt protection metrics on a sustained basis.
Agency-reported financials (ICRA, 31 Mar 2026)
| Metric | FY2024 | FY2025 |
|---|---|---|
| Operating income (OI) | ₹32.00 Cr | ₹36.30 Cr |
| PAT | ₹25.40 Cr | ₹34.20 Cr |
| OPBDIT/OI | 99.4% | 99.3% |
| PAT/OI | 79.5% | 94.4% |
| Total outside liabilities/Tangible net worth (times) | 0.10× | 0.20× |
| Total debt/OPBDIT (times) | 0.90× | 2.50× |
| Interest coverage (times) | 27,049.30× | 14.90× |
| Revenue growth (YoY) | — | 13.4% |
| EBITDA (margin × income) | ₹31.81 Cr | ₹36.05 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹28.63 Cr | ₹90.13 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹0.00 Cr | ₹2.42 Cr |
Borrowings & rated debt
Facility mix
Maturity ladder
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Term Loan to | Term loans | ₹70.0 Cr | ₹62.0 Cr | −11.4% | BBB- (Negative) | Reaffirmed | ICRA |
| Unallocated Limits | Other | — | ₹8.00 Cr | — | — | Other | ICRA |
Debt instruments
| ISIN | Instrument | Type | Coupon | Issued | Maturity | Amount | Rating | Status |
|---|---|---|---|---|---|---|---|---|
| — | Term Loan FY FY | Term loans | — | 31 Mar 2025 | 31 Mar 2033 | ₹62.0 Cr | BBB- | Outstanding |
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) | 38% |
| Information on file | 33% · missing: Audited financial statements (last 18 months), 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: 31% chance the next rating action is stable or better
- Current rating BBB- (investment grade)
- Interest coverage 14.9×
- ₹8 cr of rated limits not yet tied to a lender
Rated limits by facility
Timeline
From the report
KJP also maintains liquid investments of around Rs. 45 crore as of March 2025, which are available to fund the ongoing capex and ensure timely debt/interest servicing.
From the report
ICRA expects Sigma Corporation (India) Private Limited to continue supporting the firm through rental income and, if required, capital funding, given its sizeable liquid investments of over Rs. 1,400 crore as on March 31, 2025.
From the report
Liquidity position: Adequate The company’s liquidity position is adequate , supported by unencumbered cash balances of Rs. 1.7 crore as on March 31, 2025, and around Rs. 45 crore of liquid investments.
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.