Key Metrics of Prabha Industries
About Prabha Industries
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 |
|---|---|---|---|---|---|---|---|
| 06 Apr 2026 | ICRA | Reaffirmed | BBB+ | A2 | Positive | ₹59.0 Cr | View |
Credit strengths (ICRA, Apr 2026)
+ Established relationship with OEMs
Prabha Group is one of the oldest suppliers to ALL and has a healthy share of business with the OEM for FES, cabins, load bodies, tipper bodies, bus cowls and fuel and oil tanks.
+ Healthy scale of operations and comfortable debt metrics
The Group has a healthy scale of operations and reported revenues of Rs. 1,306.1 crore in FY2025 and Rs. 1,106.2 crore in 9M FY2026.
Credit challenges
− Moderate margins
The Group’s margins have been moderate historically, owing to limited value addition.
− High customer concentration
The Group derived 61% of its 9M FY2026 revenues from supplies to ALL.
− Vulnerability of revenues and earnings to inherent cyclicality in the CV industry
CV sales, which constituted 85% of Prabha Group’s revenues in 9M FY2026, remain inherently cyclical in nature, with industry volumes strongly correlated to the level of economic activity, industrial growth and infrastructure investments.
Could lead to an upgrade
The ratings would be upgraded if there is a sustained improvement in volumes and earnings of the Group, leading to improvement in credit metrics.
Could lead to a downgrade
The outlook on the ratings could be revised to Stable in case of pressure on the credit metrics arising from lower profit margins and a longer working capital cycle impacting the
Agency-reported financials (ICRA, 06 Apr 2026)
| Metric | FY2024 | FY2025 |
|---|---|---|
| Operating income (OI) | ₹1,327 Cr | ₹1,306 Cr |
| PAT | ₹23.40 Cr | ₹58.00 Cr |
| OPBDIT/OI | 5.6% | 5.9% |
| PAT/OI | 1.8% | 4.4% |
| Total outside liabilities/Tangible net worth (times) | 2.80× | 2.00× |
| Total debt/OPBDIT (times) | 2.80× | 2.30× |
| Interest coverage (times) | 3.30× | 4.10× |
| Revenue growth (YoY) | — | −1.6% |
| EBITDA (margin × income) | ₹74.31 Cr | ₹77.06 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹208 Cr | ₹177 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹22.52 Cr | ₹18.80 Cr |
Borrowings & rated debt
Facility mix
Maturity ladder
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long-term – Fund-based Overdraft to | Working capital & bank lines | ₹14.0 Cr | ₹14.0 Cr | 0.0% | BBB+ (Positive) | Reaffirmed | ICRA |
| Short-term – Non-fund based | Non-fund based limits | ₹20.0 Cr | ₹20.0 Cr | 0.0% | A2 | Reaffirmed | ICRA |
| Reaffirmed Long-term – Term loans limits to | Term loans | ₹23.0 Cr | ₹25.0 Cr | 8.7% | BBB+ (Positive) | Reaffirmed | ICRA |
Debt instruments
| ISIN | Instrument | Type | Coupon | Issued | Maturity | Amount | Rating | Status |
|---|---|---|---|---|---|---|---|---|
| — | Term loan FY FY | Non-fund based limits | 8.75% | 31 Mar 2022 | 31 Mar 2029 | ₹25.0 Cr | BBB+ | Outstanding |
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) | 78% |
| 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: 78% chance the next rating action is stable or better
- Current rating BBB+ (investment grade)
- Interest coverage 4.1×
Rated limits by facility
Timeline
From the report
Reaffirmed/assigned Long-term – Term loans 23.00 25.00 for enhanced limits; outlook revised to Positive from Stable Total 57.00 59.00 *Instrument details are provided in Annexure-I Rationale For arriving at the ratings, ICRA has taken a consolidated view of Prabha Automotive Engineers Limited (PAEL), Prabha Auto Products Private Limited (PAPPL) and Prabha Industries (PI) (collectively referred to as Prabha Group), given their common promoters and management and significant operational and financial linkages.
From the report
Liquidity position: Adequate Prabha Group’s liquidity position remains adequate, supported by healthy anticipated cash flow from operations of Rs. 45.0- 50.0 crore, buffer of Rs. 43.6 crore in working capital lines and free cash and bank balances of Rs. 15.7 crore as on December 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.