Key Metrics of Le-Shark Global LLP
About Le-Shark Global LLP
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
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 30 Jul 2026 | ICRA | Reaffirmed | A- | A2+ | Stable | ₹18.5 Cr | View |
Credit strengths (ICRA, Jul 2026)
+ Extensive experience of key partners spanning over three decades in the apparel industry
The partners have extensive experience of more than three decades in the readymade garments industry, which has enabled them to build strong relationships with various renowned players across the globe.
+ Established relationship with the customers
The firm caters to a diversified international customer base, with its key clients including H&M, PEPCO, LCW and Teddy SpA.
+ Comfortable capital structure, strong debt protection metrics and RoCE
Le Shark’s financial profile remains favourable, aided by limited dependence on outside debt and its strong net worth position.
Credit challenges
− Concentrated customer profile
The firm has reduced its dependence on a single customer, H&M, to 38.6% in FY2026 from 60.1% in FY2025 and increased its contribution from other customers.
− Susceptibility of margins to raw material price risks, forex rate fluctuations, tariffs and stiff competition from foreign players
The primary raw material used for manufacturing knitted fabric is cotton yarn, which is sourced from Tirupur, Tamil Nadu.
− Inherent risk of capital withdrawal by partners
Although the capital structure of the firm remains comfortable, there have been significant capital withdrawals in the past due to the LLP constitution of the entity .
Could lead to an upgrade
ICRA could upgrade the ratings if the firm registers a substantial improvement in its revenues and earnings, supported by its customer diversification measures, and improvement in credit metrics.
Could lead to a downgrade
Continued pressure on the company's revenue growth and profit metrics, or a substantial withdrawal of capital resulting in an adverse impact on the net worth or
Agency-reported financials (ICRA, 30 Jul 2026)
| Metric | FY2025 | FY2026 |
|---|---|---|
| Operating income (OI) | ₹328 Cr | ₹319 Cr |
| PAT | ₹26.50 Cr | ₹16.90 Cr |
| OPBDIT/OI | 16.8% | 11.4% |
| PAT/OI | 8.1% | 5.3% |
| Total outside liabilities/Tangible net worth (times) | 0.60× | 0.40× |
| Total debt/OPBDIT (times) | 0.30× | 0.40× |
| Interest coverage (times) | 11.40× | 6.90× |
| Revenue growth (YoY) | — | −2.8% |
| EBITDA (margin × income) | ₹55.17 Cr | ₹36.40 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹16.55 Cr | ₹14.56 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹4.84 Cr | ₹5.28 Cr |
Borrowings & rated debt
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long term/Short term – PCL/PCFC (18.00) (18.00) PSCFC/FDBN/FDBD/FDBP | Working capital & bank lines | ₹18.0 Cr | ₹18.0 Cr | 0.0% | A- / A2+ (Stable) | Reaffirmed | ICRA |
| Long term/Short term – Long term/Short term – Bank guarantee | Non-fund based limits | ₹50.0 L | ₹50.0 L | 0.0% | A- / A2+ (Stable) | 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) | 59% |
| Information on file | 44% · missing: 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: 57% chance the next rating action is stable or better
- Current rating A- (investment grade)
- Interest coverage 6.9×
- Working-capital limits 58.4% utilised on average
Rated limits by facility
Timeline
From the report
The average utilisation of its fund-based limits over the past 12 months ending in June 2026 stood at 58.4% of the sanctioned working capital limit of Rs. 18 crore.
From the report
The average utilisation of its fund-based limits over the past 12 months ending in June 2026 stood at 58.4% of the sanctioned working capital limit of Rs. 18 crore.
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.