Key Metrics of Krishna Maruti Limited.
About Krishna Maruti Limited.
Sectors
Company details
Operational Areas of Krishna Maruti 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.
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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 |
|---|---|---|---|---|---|---|---|
| 27 Feb 2026 | ICRA | Reaffirmed | AA | A1+ | Stable | ₹180 Cr | View |
Credit strengths (ICRA, Feb 2026)
+ Technical collaboration with SNIC Corporation aids in product development capabilities
KML has a technical collaboration agreement with SNIC Corporation (Japan), a supplier of seat sets to SMC internationally.
+ Healthy financial risk profile and strong liquidity profile
The company’s consolidated financial risk profile is characterised by conservative capital structure (negligible reliance on external debt) and strong debt coverage indicators (Total Debt/OPBDITDA of 0.5 times and an interest coverage of 27.2 times in FY2025).
Credit challenges
− High client and segment concentration risks with revenues primarily driven by MSIL
Over the years, most of KML’s revenues have been generated from MSIL, leading to client as well as segment concentration risks.
− Exposed to high product concentration risk
The company’s product portfolio primarily consists of automotive seat sets and door trims (part of the plastics division) for PVs.
− Extension of support to weaker Group entities
KML has given a corporate guarantee for a part of the bank facilities availed by SKH Metals Limited and SKH Sheet Metal Components Private Limited.
Could lead to an upgrade
A positive rating action could be triggered by a sustainable scale-up in the company’s scale of operations through material customer and product diversification, while maintaining healthy credit metrics and
Could lead to a downgrade
The ratings could be negatively impacted by a significant decline in earnings in the near-to-medium term, leading to a deterioration in the company’s credit metrics. Further, extension of support in terms of corporate guarantee/loans and advances to help fund any acquisitions of the Group, materially impacting KML’s credit profile, could result in a negative rating action. Specific credit metric that could lead to a rating downgrade would be Total Debt/OPBITDA (at a consolidated level) of more than 1.0 times on a sustained basis alongside a material depletion of cash and cash equivalents.
Agency-reported financials (ICRA, 27 Feb 2026)
| Metric | FY2024 | FY2025 |
|---|---|---|
| Operating income | ₹3,800 Cr | ₹4,256 Cr |
| PAT | ₹266 Cr | ₹288 Cr |
| OPBDIT/OI | 10.6% | 9.8% |
| PAT/OI | 7.0% | 6.8% |
| Total outside liabilities/Tangible net worth (times) | 0.50× | 0.60× |
| Total debt/OPBDIT (times) | 0.50× | 0.50× |
| Interest coverage (times) | 28.60× | 27.20× |
| Revenue growth (YoY) | — | 12.0% |
| EBITDA (margin × income) | ₹403 Cr | ₹417 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹201 Cr | ₹209 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹14.08 Cr | ₹15.33 Cr |
Borrowings & rated debt
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long-term/Short-term – Fund-Reaffirmed based/Non-fund based | Non-fund based limits | ₹150 Cr | ₹180 Cr | 20.0% | AA / A1+ (Stable) | Reaffirmed | ICRA |
Credit assessment · Auto components
Rating Methodology – Auto Components and Equipment (Oct 2026) · 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) | 79% |
| 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: 79% chance the next rating action is stable or better
- Current rating AA (investment grade)
- Interest coverage 27.2×
Rated limits by facility
Timeline
From the report
February 27, 2026 Krishna Maruti Limited: Ratings reaffirmed; assigned for enhanced amount Summary of rating action Previous rated amount Current rated amount Instrument* Rating action (Rs. crore) (Rs. crore) [ICRA]AA (Stable)/ [ICRA]A1+;
From the report
ICRA further notes that the company’s board had approved the extension of a corporate guarantee (CG) of up to Rs. 500 crore for bank facilities availed by Group entities, SKH Metals Limited and SKH Sheet Metal Components Private Limited (board approval in FY2021), along with extension of loan of up to Rs. 150 crore to Krisumi Corporation (non-automotive entity, board approval in FY2022).
From the report
Additionally, it has a strong liquidity profile with available free liquid investments and cash balances of around Rs. 800 crore as on December 31, 2025.
From the report
Extension of support to weaker Group entities – KML has given a corporate guarantee for a part of the bank facilities availed by SKH Metals Limited and SKH Sheet Metal Components Private Limited.
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 Krishna Maruti Limited.
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
 Tata Motors Passenger Vehicles |
Gears, Steering, Brakes & Systems · Auto Components, Forging & Casting | tata.cars | 1945 | Mumbai, India |
 Maruti Suzuki India |
Passenger Cars · Automobile Manufacturers | marutisuzuki.com | 1981 | New Delhi, India |
 Mahindra & Mahindra |
Outlets operated by Koncept Automobiles. | mahindra.com | 1945 | Mumbai, India |
 Tata Motors |
Outlets operated by Sri Lakshmi Motors. | tatamotors.com | 1945 | Mumbai, India |
 Hyundai Motor India |
Part of Hyundai Motor Company. | hyundai.com/in/en | — | Kanchee- -puram, India |
 Bajaj Auto |
Two-Wheelers & Three-Wheelers · Automobile Manufacturers | bajajauto.com | 1945 | Pune, India |
 Ashok Leyland |
Commercial Vehicles & Buses · Automobile Manufacturers | ashokleyland.com | 1948 | Chennai, India |
 TVS Motor Company |
Two-Wheelers & Three-Wheelers · Automobile Manufacturers | tvsmotor.com | 1979 | Chennai, India |
 Hero MotoCorp |
Outlets operated by Avi Bhatiya. | heromotocorp.com | 1984 | New Delhi, India |
 Skoda Auto Volkswagen India |
Part of Volkswagen Group. | skoda-vw.co.in | 2007 | Pune, 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
Automotive components
Filings
No filings on record yet.