Key Metrics of Ofb Tech Limited
About Ofb Tech 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 |
|---|---|---|---|---|---|---|---|
| 13 Aug 2026 | ICRA | Reaffirmed | A+ | A1+ | Stable | ₹2,500 Cr | View |
| 26 May 2026 | ICRA | Withdrawn | A+ | A1+ | Stable | ₹2,930 Cr | View |
Credit strengths (ICRA, Aug 2026)
+ Large scale of operations
OFB has established a sizeable scale of operations with consolidated commerce revenues of about Rs. 19,088 crore in FY2026 over about Rs. 21,206 crore achieved in FY2025.
+ Demonstrated ability to integrate acquisitions and improve operating performance
Over the last few years, OFB has successfully expanded its manufacturing footprint through acquisitions as well as organic growth across metal, apparel, chemicals and food processing segments.
Credit challenges
− Modest profit margins and return indicators
Despite the increasing contribution from manufacturing businesses, a meaningful portion of OFB's revenues continues to be derived from trading activities, which operate at relatively modest margins and remain exposed to intense competition.
− Exposure to competitive intensity and external market developments
The apparel business, which has emerged as a key contributor to earnings, derives a significant share of its revenues from exports and is, therefore, exposed to changes in global trade policies, tariff structures, demand conditions and customer sourcing strategies in key overseas markets.
− Inherent vulnerability to volatility in commodity prices
OFB is exposed to price risks, given the inherent cyclicality in commodities like steel, non-ferrous metals, chemicals, etc.
Could lead to an upgrade
The long-term rating could be upgraded if the Group demonstrates a significant increase in its revenues and profitability on a sustained basis, leading to an improvement in the debt coverage metrics, while maintaining a strong
Could lead to a downgrade
Pressure on the Group’s ratings could arise if there is a sharp decline in its revenues and profitability, resulting in lower cash flows and weakening of debt coverage metrics on a sustained basis. Any significant stretch in the working capital cycle or any unanticipated large debt-funded capex/investments, impacting the Group’s
Agency-reported financials (ICRA, 13 Aug 2026)
| Metric | FY2025 | FY2026 |
|---|---|---|
| Operating income | ₹21,206 Cr | ₹19,088 Cr |
| PAT | ₹258 Cr | ₹348 Cr |
| OPBDIT/OI | 2.7% | 4.2% |
| PAT/OI | 1.2% | 1.8% |
| Total outside liabilities/Tangible net worth (times) | 0.60× | 0.60× |
| Total debt/OPBDIT (times) | 4.50× | 2.60× |
| Interest coverage (times) | 3.40× | 3.90× |
| Revenue growth (YoY) | — | −10.0% |
| EBITDA (margin × income) | ₹573 Cr | ₹802 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹2,577 Cr | ₹2,084 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹168 Cr | ₹206 Cr |
Borrowings & rated debt
Facility mix
Maturity ladder
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long-term/Short-term – Fund-based | Working capital & bank lines | ₹1,795 Cr | ₹1,650 Cr | −8.1% | A+ / A1+ (Stable) | Reaffirmed | ICRA |
| Long-term – Fund-based – Term Loan | Term loans | — | ₹147 Cr | — | A+ (Stable) | Reaffirmed | ICRA |
| Long-term/Short-term – Unallocated | Working capital & bank lines | ₹705 Cr | ₹703 Cr | −0.3% | A+ / A1+ (Stable) | Reaffirmed | ICRA |
Debt instruments
| ISIN | Instrument | Type | Coupon | Issued | Maturity | Amount | Rating | Status |
|---|---|---|---|---|---|---|---|---|
| — | FY | Term loans | — | — | 31 Mar 2033 | ₹147 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 |
| Withdrawal | ICRA · 26 May 2026 · Withdrawn at company request with lender NOCs |
| Next action stable or better (model) | 67% |
| Information on file | 56% · missing: 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: 68% chance the next rating action is stable or better
- Current rating A+ (investment grade)
- Interest coverage 3.9×
- ₹703 cr of rated limits not yet tied to a lender
Rated limits by facility
Timeline
From the report
The company’s healthy liquidity, supported by free cash and liquid investment balances of about Rs. 1,162 crore as on March 31, 2026, and comfortable operating cash flow generation, provides some comfort during the capex phase. www.icra.in Sensitivity Label : Public Page |1 The ratings remain constrained by OFB’s exposure to intense competition across its operating segments, vulnerability to commodity price volatility and fluctuations in foreign exchange (forex) rates.
From the report
The company generated healthy operating cash flows of around Rs. 1,308 crore in FY2026, while maintaining a comfortable financial profile, with net debt of around Rs. 829 crore and net debt/OPBDITA of around 1.0 times.
From the report
The company has raised equity capital of Rs. 5,370 crore over multiple rounds till date, and its promoters hold a 26.97% stake in it (as on March 31, 2026).
From the report
The company had raised an equity capital of Rs. 5,370 crore over multiple rounds till date and the promoters hold a 27.18% stake in OFB Tech, as on March 31, 2025.
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.