Key Metrics of Mobis India Limited
About Mobis India Limited
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 actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 09 Jun 2026 | ICRA | Other | — | — | — | — | View |
| 09 Apr 2026 | ICRA | Reaffirmed | — | — | — | — | View |
Credit strengths (ICRA, Apr 2026)
+ Strong financial profile
MIL’s scale remains healthy with revenues of Rs. 13,186.2 crore in 9M FY2026, supported by steady sales to HMIL and KIPL, as well as growth in the aftermarket business.
+ Strong parentage of HMobis, South Korea; strong linkage between HMC Korea and HMobis Korea
MIL is a wholly-owned subsidiary of HMobis and enjoys strong operational and financial linkages with its parent.
+ Significant aftermarket presence provides business stability
The company acts a key distributor of aftermarket parts for HMIL and KIPL in India.
Credit challenges
− High customer concentration
MIL has a high customer concentration with around 55% of its revenues derived from sales to HMIL in FY2025.
− Earnings susceptible to inherent cyclicality in the auto industry and unfavourable forex movements
MIL derived around 60% of its revenues in FY2025 from sales to PV original equipment manufacturers (OEMs), thus exposing it to the cyclical trends in the auto industry.
Could lead to a downgrade
Pressure on MIL’s rating could arise in case of any material weakening of growth prospects or profitability. Any weakening of operational linkages with the parent company, HMobis or HMIL, India, could also impact the rating.
Agency-reported financials (ICRA, 09 Jun 2026)
| Metric | FY2024 | FY2025 |
|---|---|---|
| Operating income | ₹16,334 Cr | ₹17,042 Cr |
| PAT | ₹1,427 Cr | ₹1,637 Cr |
| OPBDIT/OI | 12.0% | 12.7% |
| PAT/OI | 8.7% | 9.6% |
| Total outside liabilities/Tangible net worth (times) | 0.50× | 0.40× |
| Total debt/OPBDIT (times) | 0.10× | 0.20× |
| Interest coverage (times) | 131.20× | 108.10× |
| Revenue growth (YoY) | — | 4.3% |
| EBITDA (margin × income) | ₹1,960 Cr | ₹2,164 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹196 Cr | ₹433 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹14.94 Cr | ₹20.02 Cr |
Borrowings & rated debt
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) | 61% |
| Information on file | 22% · missing: Audited financial statements (last 18 months), Annual results history (3+ years), Debt obligations and repayment schedule, Capex / investment plans, Lender details, Auditor details, Shareholding pattern |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 45% chance the next rating action is stable or better
- Interest coverage 108.1×
Rated limits by facility
Timeline
From the report
ICRA also notes the company’s strong liquidity with unencumbered cash and bank balances of Rs. 4,822.5 crore as on December 31, 2025 and undrawn working capital lines of Rs. 600 crore, and nil debt position, which would continue to support its credit profile even during this period of operational disruption and uncertainty.
From the report
The company’s financial profile remains strong, supported by healthy scale of operations, strong earnings, debt-free status and superior liquidity with unencumbered cash and bank balance of Rs. 4,822.5 crore as on December 31, 2025.
From the report
The company’s financial profile remains strong, supported by healthy scale of operations, strong earnings, debt-free status and superior liquidity with unencumbered cash and bank balance of Rs. 4,822.5 crore as on December 31, 2025.
From the report
The company is expected to remain net debt negative over the medium term, with cash expected to remain at over Rs. 2,000 crore, despite any significant dividend payouts (FY2025: nil;
From the report
The company has remained debt free in the last several years and is likely to remain so going forward as well, in the absence of any debt-funded capex.
From the report
Liquidity position: Superior The company’s liquidity is superior, supported by its healthy anticipated cash flows from operations of around Rs. 1,500 crore, unencumbered cash and bank balance of Rs. 4,822.5 crore as on December 31, 2025, and undrawn working capital lines of Rs. 600 crore as on December 31, 2025.
From the report
MIL has remained debt-free in the last several years.
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.