Key Metrics of Linkwell Telesystems Pvt Ltd
About Linkwell Telesystems Pvt Ltd
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.
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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 |
|---|---|---|---|---|---|---|---|
| 30 Oct 2026 | ICRA | Reaffirmed | A+ | A1+ | Stable | ₹600 Cr | View |
Credit strengths (ICRA, Oct 2026)
+ Established position in POS terminal segment and favourable demand outlook for energy meters
LTPL has an established presence in the POS terminal segment and has diversified its operations over the years from manufacturing voice and data communication products under the VISIONTEK brand to POS terminals, energy meters and other electronic products.
+ Healthy revenue growth over the past three years and strong operating margins
The revenues witnessed healthy growth over the last three years, at a CAGR of 18.4% to Rs. 1,098.2 crore in FY2026 (provisional) from Rs. 661.1 crore in FY2023, driven by higher sales of energy meters and POS terminals.
+ Comfortable financial risk profile
The company’s financial profile remains comfortable, supported by a low leverage, as reflected in TOL/TNW of 0.3 times as on March 31, 2026, and strong debt protection metrics, with interest coverage ratio of 27.9 times and TD/OPBDITA of 0.4 times in FY2026.
Credit challenges
− High working capital intensity
LTPL’s operations remained working capital intensive with NWC/OI increasing to 43.7% in FY2026 from 28.7% in FY2025, primarily due to a significant build-up in inventory and elevated receivables.
Could lead to an upgrade
ICRA could upgrade the ratings, if the company significantly increases its scale of operations amid diversifying its product and client profiles, while maintaining its profitability and
Could lead to a downgrade
The ratings may be downgraded, if any substantial decline in its earnings and/or a stretch in the working capital cycle or any large capex/investments impacting the debt protection metrics and overall
Agency-reported financials (ICRA, 30 Oct 2026)
| Metric | FY2025 | FY2026 |
|---|---|---|
| Operating income | ₹961 Cr | ₹1,098 Cr |
| PAT | ₹231 Cr | ₹239 Cr |
| OPBDIT/OI | 37.6% | 36.1% |
| PAT/OI | 24.0% | 21.8% |
| Total outside liabilities/Tangible net worth (times) | 0.50× | 0.30× |
| Total debt/OPBDIT (times) | 0.40× | 0.40× |
| Interest coverage (times) | 26.90× | 27.90× |
| Revenue growth (YoY) | — | 14.3% |
| EBITDA (margin × income) | ₹361 Cr | ₹396 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹144 Cr | ₹159 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹13.43 Cr | ₹14.21 Cr |
Borrowings & rated debt
Facility mix
Maturity ladder
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long-term – Fund based – Cash credit | Working capital & bank lines | ₹85.0 Cr | ₹135 Cr | 58.8% | A+ (Stable) | Reaffirmed | ICRA |
| Long-term – Fund based – Term loan | Term loans | ₹43.8 Cr | ₹16.8 Cr | −61.7% | A+ (Stable) | Other | ICRA |
| Long/short-term – Non-fund based | Non-fund based limits | ₹290 Cr | ₹390 Cr | 34.5% | A+ / A1+ (Stable) | Reaffirmed | ICRA |
| Short-term – Non-fund based – Forward contract/derivative Long-term/short-term – Unallocated | Non-fund based limits | ₹4.40 Cr | ₹4.40 Cr | 0.0% | A1+ | Reaffirmed | ICRA |
| limits | Other | ₹26.8 Cr | ₹53.8 Cr | 100.7% | A+ / A1+ (Stable) | Reaffirmed | ICRA |
Debt instruments
| ISIN | Instrument | Type | Coupon | Issued | Maturity | Amount | Rating | Status |
|---|---|---|---|---|---|---|---|---|
| — | Term Loan FY FY | Non-fund based limits | — | 31 Mar 2024 | 31 Mar 2028 | ₹16.8 Cr | A+ | Outstanding |
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) | 82% |
| 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: 77% chance the next rating action is stable or better
- Current rating A+ (investment grade)
- Interest coverage 27.9×
- ₹4.4 cr of rated limits not yet tied to a lender
Rated limits by facility
Timeline
From the report
Liquidity position: Strong LTPL's liquidity position remains Strong, supported by free cash and bank balances of Rs. 242.2 crore as on March 31, 2026, along with mutual fund investments of Rs. 46.3 crore, providing an overall liquidity buffer of Rs. 288.4 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.