Key Metrics of Ocean Sparkle Limited
About Ocean Sparkle 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.
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 Mar 2026 | ICRA | Reaffirmed | AA | A1+ | Stable | ₹184 Cr | View |
Credit strengths (ICRA, Mar 2026)
+ Extensive track record and leading market position in Indian port O&M services sector
OSL, incorporated in 1995, along with its subsidiaries and JV, provides port O&M services.
+ Favourable long-term demand outlook for port management and other marine services
OSL provides port O&M services and, accordingly the growth in its business is directly linked to the scale of activity and investments in the port sector.
+ Stable business model and good track record of repeat business
The Group’s business model is primarily based on long- term contracts, with tenures ranging from two to 15 years and a provision for further extension/renewal based on mutual agreements.
+ Comfortable financial risk profile with healthy profitability indicators
OSL’s financial profile remains comfortable, evident from its healthy profitability indicators, capital structure and coverage indicators.
Credit challenges
− High capital-intensive nature of business
The inherently high capital intensity of the business necessitates periodic large- scale expansion of the fleet.
− Moderate return indicators
The inherently high capital intensity of the business results in moderate return indicators.
Could lead to an upgrade
The ratings could be upgraded if there is a substantial growth in revenue and profitability on a sustained basis along with healthy debt protection metrics.
Could lead to a downgrade
Pressure on the ratings may arise if there is significant reduction in revenue and profitability, or significant impact on the credit profile caused by high debt-funded capital expenditure. Further, weakening of the parent company’s credit profile or weakening of the linkages with the parent could be a negative trigger.
Agency-reported financials (ICRA, 30 Mar 2026)
| Metric | FY2024 | FY2025 |
|---|---|---|
| Operating income | ₹627 Cr | ₹655 Cr |
| PAT | ₹288 Cr | ₹301 Cr |
| OPBDIT/OI | 57.7% | 57.9% |
| PAT/OI | 46.0% | 45.9% |
| Total outside liabilities/Tangible net worth (times) | 0.10× | 0.10× |
| Total debt/OPBDIT (times) | 0.20× | 0.20× |
| Interest coverage (times) | 36.70× | 46.30× |
| Revenue growth (YoY) | — | 4.6% |
| EBITDA (margin × income) | ₹362 Cr | ₹379 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹72.31 Cr | ₹75.88 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹9.85 Cr | ₹8.19 Cr |
Borrowings & rated debt
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long term – Fund based Others | Working capital & bank lines | ₹4.04 Cr | ₹5.04 Cr | 24.8% | AA (Stable) | Reaffirmed | ICRA |
| Short term Non-fund based | Non-fund based limits | ₹120 Cr | ₹119 Cr | −0.8% | A1+ | Reaffirmed | ICRA |
| Long term/Short term – Unallocated Limits | Working capital & bank lines | ₹60.0 Cr | ₹60.0 Cr | 0.0% | AA / A1+ (Stable) | Reaffirmed | ICRA |
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) | 83% |
| Information on file | 44% · missing: Audited financial statements (last 18 months), 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: 79% chance the next rating action is stable or better
- Current rating AA (investment grade)
- Interest coverage 46.3×
- ₹59.96 cr of rated limits not yet tied to a lender
Rated limits by facility
Timeline
From the report
At a consolidated level, the surplus free cash and liquid investments stood at ~Rs. 44.4 crore as on March 31, 2025, and fund-based limits of Rs. 5.04 crore remained unutilised.
From the report
The company has repayment obligations of ~Rs. 9.0 crore each in FY2026 and FY2027, which would be comfortably met from the healthy operating cash flows.
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.