Key Metrics of Legacy Commodities Private Limited
About Legacy Commodities Private Limited
Company details
- Registered office
- The Millenium 12th Floor,, Office No 1206 To 1211, Rajkot, In-gj, 360005
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
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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 |
|---|---|---|---|---|---|---|---|
| 19 Oct 2026 | ICRA | Reaffirmed | A- | A2+ | Stable | ₹190 Cr | View |
| 25 Sep 2026 | ICRA | Reaffirmed | A- | A2+ | Stable | ₹140 Cr | View |
| 09 Sep 2026 | ICRA | Assigned | — | A2+ | — | ₹50.0 Cr | View |
Credit strengths (ICRA, Oct 2026)
+ Established operational track record and extensive experience of promoters in the edible oil trading industry
The Group benefits from its significant presence in the edible oil trading business, with operations since 2015.
+ Strong relationships with customers ensure repeat orders; established raw material sourcing with supplier network
The Group enjoys strong relationships with its customers, which ensure repeat orders.
+ Large scale of operations supported by a comfortable financial profile
The Group registered a healthy YoY revenue growth of around 31% in FY2026 (provisional), driven by volume growth of around 29% and an increase in realisations.
+ Back-to-back business model mitigates price fluctuation risk
The Group largely operates on a back-to-back purchase and sales arrangement, which significantly reduces exposure to price volatility.
+ Modest working capital cycle reflected in low debtors and inventory levels resulting in limited dependence on debt
The Group’s working capital requirements remain low, supported by a short operating cycle, minimal debtors and limited inventory levels.
Credit challenges
− Exposure to regulatory, geopolitical and agro-climatic risks and changes in duty structure
The Group remains exposed to risks arising from India’s dependence on edible oil imports from countries such as Indonesia, Malaysia, Ukraine and Russia.
− Highly competitive and fragmented industry limits pricing flexibility; low profit margins owing to trading nature of operations
The edible oil industry in India is highly competitive and fragmented, with numerous small players besides established brands.
− Sizeable funding requirements, particularly for import business, through non -fund-based limits
The Group relies on letters of credit (LCs) for the import procurement of edible oils.
Could lead to an upgrade
The ratings could be upgraded if the Group meaningfully increases its earnings while managing the risks inherent in the edible oil trading business through operational prudence and maintenance of adequate
Could lead to a downgrade
The ratings could be downgraded in the event of a material decline in revenues arising from volatility in edible oil prices and/or moderation in demand due to adverse changes in the import duty structure, resulting in weaker earnings and coverage metrics. Additionally, a stretched working capital cycle leading to a deterioration in the
Agency-reported financials (ICRA, 19 Oct 2026)
| Metric | FY2025 | FY2026 | FY2025 | FY2026 |
|---|---|---|---|---|
| Operating income | ₹3,736 Cr | ₹4,385 Cr | ₹10,671 Cr | ₹13,965 Cr |
| PAT | ₹19.00 Cr | ₹38.10 Cr | ₹81.80 Cr | ₹156 Cr |
| OPBDIT/OI | 0.7% | 1.2% | 1.1% | 1.5% |
| PAT/OI | 0.5% | 0.9% | 0.8% | 1.1% |
| Total outside liabilities/Tangible net worth (times) | 6.30× | 2.80× | 3.40× | 1.50× |
| Total debt/OPBDIT (times) | 2.80× | 2.50× | 1.70× | 1.60× |
| Interest coverage (times) | 3.60× | 7.00× | 7.40× | 10.90× |
| Revenue growth (YoY) | — | 17.4% | 143.3% | 30.9% |
| EBITDA (margin × income) | ₹26.15 Cr | ₹52.62 Cr | ₹117 Cr | ₹209 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹73.22 Cr | ₹132 Cr | ₹200 Cr | ₹335 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹7.26 Cr | ₹7.52 Cr | ₹15.86 Cr | ₹19.22 Cr |
Borrowings & rated debt
Rated limits over time
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long-term/Short-term – Fund-based/Non-fund ratings based – Working capital facilities Long-term – (5.00) (6.00) Interchangeable limits | Non-fund based limits | ₹140 Cr | ₹190 Cr | 35.7% | 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) | 65% |
| 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: 61% chance the next rating action is stable or better
- Current rating A- (investment grade)
- Interest coverage 10.9×
- Working-capital limits 10% utilised on average
Rated limits by facility
Timeline
From the report
Fund-based/Non-fund 140.00 190.00 ratings reaffirmed and assigned RBI based – Working capital for enhanced amount facilities [ICRA]A- (Stable); ratings Long-term – (5.00) (6.00) reaffirmed and assigned for RBI Interchangeable limits^ enhanced amount Total 140.00 190.00 *Instrument details are provided in Annexure I; ^Cash credit sublimit of working capital facilities # SEBI’s grievance redressal/dispute resolution and SEBI investor protection mechanisms such as SCORES and ODR will not be available for activities and instruments, which fall under the regulatory purview of financial sector regul
From the report
Further, its ability to secure an adequate credit period from suppliers remains important for effective funding cycle management . www.icra.in Sensitivity Label : Public Page |2 Liquidity position: Adequate The Group’s liquidity remains Adequate, with nil long-term debt repayment obligations, adequate cushion in its credit limits and healthy cash and cash equivalents (around Rs. 183 crore, excluding encumbered cash, as on March 31, 2026, on a provisional basis).
From the report
Its average utilisation of fund-based limits stood below 10% of the sanctioned limits in FY2026, while maintaining a significant liquidity buffer.
From the report
Its average utilisation of fund-based limits stood below 10% of the sanctioned limits in FY2026, while maintaining a significant liquidity buffer.
From the report
Further, its ability to secure an adequate credit period from suppliers remains important for effective funding cycle management. www.icra.in Sensitivity Label : Public Page |2 Liquidity position: Adequate The Group’s liquidity remains Adequate, with nil long-term debt repayment obligations, adequate cushion in its credit limits and healthy cash and cash equivalents (around Rs. 183 crore, excluding encumbered cash, as on March 31, 2026, on a provisional basis).
From the report
The Group’s average utilisation of fund-based limits stood below 10% of the sanctioned limits in FY2026, while maintaining a significant liquidity buffer.
From the report
The Group’s average utilisation of fund-based limits stood below 10% of the sanctioned limits in FY2026, while maintaining a significant liquidity buffer.
From the report
Liquidity position: Adequate The Group’s liquidity remains Adequate, with nil long-term debt repayment obligations, adequate cushion in its credit limits and healthy cash and cash equivalents (around Rs. 183 crore, excluding encumbered cash, as on March 31, 2026, on a provisional basis).
From the report
The Group’s average utilisation of fund-based limits stood below 10% of the sanctioned limits in FY2026, while maintaining a significant liquidity buffer.
From the report
The Group’s average utilisation of fund-based limits stood below 10% of the sanctioned limits in FY2026, while maintaining a significant liquidity buffer.
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.
