Key Metrics of Paliwal Infrastructure Private Limited
About Paliwal Infrastructure Private Limited
Sectors
Company details
- Registered office
- B-14, Greater Kailash-i, New Delhi, New Delhi, In-dl, 110048
Operational Areas of Paliwal Infrastructure Private Limited
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 |
|---|---|---|---|---|---|---|---|
| 08 May 2026 | ICRA | Reaffirmed | A | — | Stable | ₹44.0 Cr | View |
Credit strengths (ICRA, May 2026)
+ Extensive experience of promoters in commercial real estate businesses
The Paliwal Group is promoted by Mr. Avinash Paliwal, who has extensive experience in in the real-estate business.
+ Prime location of commercial properties in key business districts
The major commercial property of the entity is located in the secondary business district (SBD) of Hyderabad.
+ Healthy financial risk profile
The entity has a strong financial profile, characterised by a robust capital base (net worth of Rs. 240.4 crore as on December 31, 2025), a conservative capital structure (TD/TNW of 0.02 times and Total Outside Liabilities/TNW of 0.1 times as on December 31, 2025) and healthy debt coverage indicators (DSCR of 5.5 times and TD/OPBDITA of 0.1 times as on March 31, 2025).
Credit challenges
− Small scale of operations and exposure to high tenant concentration risk
The scale of operations of PIPL is small compared to other players in the commercial real estate segment.
− Track record of aggressively deploying surplus accruals in non-return generating real estate investments
Over the years, the entity has deployed surpluses in non-return generating real estate assets, primarily housing plots in Panipat.
Could lead to an upgrade
The rating could be upgraded if the entity achieves substantial growth in its scale of operations while maintaining its debt coverage metrics and a healthy
Could lead to a downgrade
The rating could be downgraded if there is any material decline in occupancy levels or rental rates, or a substantial increase in indebtedness resulting ina weakening of debt protection metrics on a sustained basis. Additionally, any weakening in the linkages within the Group or deterioration in its credit profile could also result in a rating downgrade.
Agency-reported financials (ICRA, 08 May 2026)
| Metric | FY2024 | FY2025 | 9M FY2026 |
|---|---|---|---|
| Operating income | ₹29.70 Cr | ₹31.50 Cr | ₹24.40 Cr |
| PAT | ₹20.20 Cr | ₹22.10 Cr | ₹16.90 Cr |
| OPBDIT/OI | 85.2% | 89.1% | 84.4% |
| PAT/OI | 67.9% | 70.1% | 69.4% |
| Total outside liabilities/Tangible net worth (times) | 0.20× | 0.10× | 0.10× |
| Total debt/OPBDIT (times) | 0.30× | 0.10× | 0.10× |
| Interest coverage (times) | 29.80× | 57.70× | 51.50× |
| Revenue growth (YoY) | — | 6.1% | — |
| EBITDA (margin × income) | ₹25.30 Cr | ₹28.07 Cr | ₹20.59 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹7.59 Cr | ₹2.81 Cr | ₹2.06 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹0.85 Cr | ₹0.49 Cr | ₹0.40 Cr |
Borrowings & rated debt
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long-term-Fund-based-Overdraft | Working capital & bank lines | ₹0 | ₹8.97 Cr | — | A (Stable) | Reaffirmed | ICRA |
| Long Term – Unallocated limits | Working capital & bank lines | ₹41.3 Cr | ₹35.0 Cr | −15.1% | A (Stable) | Reaffirmed | ICRA |
Credit assessment · Construction (EPC contractors)
ICRA Rating Methodology – Construction (Oct 2024) · 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) | 73% |
| Information on file | 33% · missing: Audited financial statements (last 18 months), 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: 73% chance the next rating action is stable or better
- Current rating A (investment grade)
- Interest coverage 51.5×
- ₹35.03 cr of rated limits not yet tied to a lender
Rated limits by facility
Timeline
From the report
Liquidity position: Adequate The entity’s liquidity position is expected to remain adequate, supported by healthy cash generated from operations in excess of Rs. 20 crore in FY2027 and cash and liquid investments of Rs. 0.6 crore as on March 31, 2026.
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 Paliwal Infrastructure Private Limited
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.