Key Metrics of Nandha Constructions
About Nandha Constructions
Sectors
Company details
Operational Areas of Nandha Constructions
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
WatchLiquidity assessed as Stretched
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 09 Jul 2026 | ICRA | Assigned | B+ | A4 | Stable | ₹100 Cr | View |
Credit strengths (ICRA, Jul 2026)
+ Extensive experience of proprietor
NC’s proprietor has almost a decade of experience in civil construction and related project works.
+ Adequate order book
NC’s revenues have increased to Rs. 51.4 crore in FY2026 from Rs. 16 crore in FY2022, primarily driven by increased orders and steady execution.
Credit challenges
− Small scale of operations and modest financial profile
NC’s scale of operations remains low with revenues of around Rs. 51.4 crore in FY2026.
− High geographical concentration risks and stringent competition in the industry
The majority of project portfolio in NC’s order book is in Karnataka, exposing it to region-specific economic and political risks.Further, the competition is intense in the engineering, procurement and construction (EPC) business, given the low complexity of the work involved, which may adversely impact on the profitability of the entity.
− Capital withdrawal risk due to proprietorship nature of entity
The entity, being a proprietorship firm, is exposed to discrete risks, including the possibility of capital withdrawal by the proprietor and limited ability to raise capital, among others, which may affect the capital structure and the
Could lead to an upgrade
The ratings could be upgraded, if there is a material increase in its earnings, leading to an improvement in its net worth position, debt coverage metrics and
Could lead to a downgrade
Pressure on the ratings could arise, if there is a material decline in revenues and earnings or an increase in working capital cycle or any further investment in Group entities, resulting in moderation in the debt coverage indicators or
Agency-reported financials (ICRA, 09 Jul 2026)
| Metric | FY2025 | FY2026 |
|---|---|---|
| Operating income | ₹35.20 Cr | ₹51.40 Cr |
| PAT | ₹1.00 Cr | ₹1.80 Cr |
| OPBDIT/OI | 10.4% | 11.8% |
| PAT/OI | 2.8% | 3.6% |
| Total outside liabilities/Tangible net worth (times) | 6.20× | 7.60× |
| Total debt/OPBDIT (times) | 5.10× | 5.90× |
| Interest coverage (times) | 2.70× | 2.50× |
| Revenue growth (YoY) | — | 46.0% |
| EBITDA (margin × income) | ₹3.66 Cr | ₹6.07 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹18.67 Cr | ₹35.81 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹1.36 Cr | ₹2.43 Cr |
Borrowings & rated debt
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long-term – Fund based – Working capital limits | Working capital & bank lines | — | ₹18.0 Cr | — | B+ (Stable) | Assigned | ICRA |
| Short-term – Non-fund based limits | Non-fund based limits | — | ₹24.0 Cr | — | A4 | Assigned | ICRA |
| Long-term – Fund based – Term loans | Term loans | — | ₹16.7 Cr | — | B+ (Stable) | Assigned | ICRA |
| Long-term – Unallocated limits | Working capital & bank lines | — | ₹41.3 Cr | — | B+ (Stable) | Assigned | ICRA |
Credit assessment · Construction (EPC contractors)
ICRA Rating Methodology – Construction (Oct 2024) · 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) | 36% |
| Information on file | 56% · missing: Annual results history (3+ years), 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: 36% chance the next rating action is stable or better
- Current rating B+ (below investment grade)
- Interest coverage 2.5×
- Working-capital limits 92% utilised on average
- ₹41.31 cr of rated limits not yet tied to a lender
Rated limits by facility
Timeline
From the report
The entity has fund-based working capital limits of Rs.15 crore (excluding purchase order funding limit of Rs. 3 crore), with an average utilisation of around 92% over the past 12 months ending in April 2026.
From the report
The entity is projected to generate cash accruals of around Rs. 1.5-2.5 crore in FY2027, against repayment obligations of Rs. 1.5 crore in FY2027.
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 Nandha Constructions
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
 Reliance Infrastructure Limited |
Real Estate & Infrastructure · Community, personal and Social Services | rinfra.com | 2002 | Mumbai, Maharashtra, India |
 KEC International |
Discovered Companies · Other Industries | kecrpg.com | 1945 | Mumbai, India |
| NCC Limited | Discovered Companies · Other Industries | — | — | Hyderabad, Telangana, India |
| Lodha Developers Limited | · Construction | — | — | Mumbai, Maharashtra, India |
 Ircon International Limited |
Real Estate & Infrastructure · Real Estate & Construction | ircon.org | — | New Delhi, Delhi, India |
| Dilip Buildcon Limited | · Construction | — | — | Bhopal, Madhya Pradesh, India |
| G R Infraprojects Limited | · Construction | — | — | Ahmedabad, Gujarat, India |
 DLF Limited |
Real Estate & Infrastructure · Real Estate & Construction | dlf.in | 1946 | Gurgaon, India |
| Sterling And Wilson Renewable Energy Limited | Renewable Power · Oil, Gas & Energy | — | — | Mumbai, Maharashtra, India |
 GMR Power And Urban Infra Limited |
Part of GMR Group. | gmrpui.com | — | Gurgaon, Haryana, 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
Principal business activities and related-party transactions are read from MGT-7 and AOC-4 filings.
Filings
No filings on record yet.