Key Metrics of Pyrotech Electronics Pvt. Ltd.
About Pyrotech Electronics Pvt. Ltd.
Sectors
Company details
- Registered office
- E-329, Road No. 12, Mewar Industrial Area, Madri, Udaipur Industrial Area, Girwa, Udaipur, In-rj, 313003
Operational Areas of Pyrotech Electronics Pvt. Ltd.
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
Sign in with access to company financials to review vendor evidence.
Credit ratings
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 15 May 2026 | ICRA | Reaffirmed | BBB- | — | Stable | ₹135 Cr | View |
Credit strengths (ICRA, May 2026)
+ Experienced promoters and strong relationships with clients
The company’s promoters have vast experience of more than 30 years in the electrical and electronics industry.
+ Improving revenue diversification led by new product launches
In the last few years, the company increased its focus on new sectors like power transmission, glass, chemicals, panels, etc., and has been operating as a contract manufacturer for LED majors.
+ Satisfactory order book renders revenue visibility
In FY2026, PEPL received large orders from various clients in the panel division for its new product lines developed over the last five years.
Credit challenges
− Moderate scale of operations
The company’s scale of operation remains moderate despite an established track record.
− High working capital intensity due to long receivable cycle
The company’s working capital intensity has been historically high amid an elongated receivable cycle, as is prevalent in the sector.
Could lead to an upgrade
ICRA could upgrade PEPL’s rating if the company is able to significantly augment its order book and ramp up execution of the same, translating into healthy growth in revenues and earnings on a sustained basis, while efficiently managing the working capital cycle .
Could lead to a downgrade
ICRA could downgrade PEPL’s rating if the company’s fresh order inflow and/or pace of order execution declines significantly due to demand slowdown or operational constraints. Deterioration of the company’s
Agency-reported financials (ICRA, 15 May 2026)
| Metric | FY2024 | FY2025 | 9M FY2026 |
|---|---|---|---|
| Operating income | ₹294 Cr | ₹284 Cr | ₹194 Cr |
| PAT | ₹9.20 Cr | ₹7.20 Cr | ₹0.50 Cr |
| OPBDIT/OI | 9.5% | 8.4% | 6.4% |
| PAT/OI | 3.1% | 2.5% | 0.3% |
| Total outside liabilities/Tangible net worth (times) | 2.40× | 2.10× | 2.20× |
| Total debt/OPBDIT (times) | 3.50× | 4.40× | 6.30× |
| Interest coverage (times) | 2.50× | 2.20× | 1.50× |
| Revenue growth (YoY) | — | −3.3% | — |
| EBITDA (margin × income) | ₹27.93 Cr | ₹23.88 Cr | ₹12.42 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹97.76 Cr | ₹105 Cr | ₹78.25 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹11.17 Cr | ₹10.85 Cr | ₹8.28 Cr |
Borrowings & rated debt
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long-term – Fund-based – Cash Credit Long-term – Fund-based – Standby | Working capital & bank lines | ₹51.5 Cr | ₹51.5 Cr | 0.0% | BBB- (Stable) | Reaffirmed | ICRA |
| Line of Credit Long-term – Fund-based – Term | Working capital & bank lines | ₹15.0 Cr | ₹10.0 Cr | −33.3% | BBB- (Stable) | Reaffirmed | ICRA |
| Guarantee | Non-fund based limits | ₹73.5 Cr | ₹73.5 Cr | 0.0% | BBB- (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) | 49% |
| Information on file | 33% · missing: Audited financial statements (last 18 months), Annual results history (3+ years), Liquidity position, 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: 49% chance the next rating action is stable or better
- Current rating BBB- (investment grade)
- Interest coverage 1.5×
Rated limits by facility
Timeline
From the report
In addition, nominal repayment obligations of Rs. 0.18 crore in FY2027 with no major debt-funded capex plans in the near to medium term would support the liquidity.
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 Pyrotech Electronics Pvt. Ltd.
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
| Electronics Manufacturing (EMS) · Semiconductors & Electronics | dixoninfo.com | 1993 | Noida, Uttar Pradesh, India | |
| Electronics Mart India Limited | Electronics Manufacturing (EMS) · Semiconductors & Electronics | — | — | Hyderabad, Telangana, India |
| Tvs Electronics Limited | Electronics Manufacturing (EMS) · Semiconductors & Electronics | — | — | Chennai, Tamil Nadu, India |
| Electronics Manufacturing (EMS) · Semiconductors & Electronics | sangeethamobiles.com | — | India | |
| Salzer Electronics Limited | Electronics Manufacturing (EMS) · Semiconductors & Electronics | — | — | Coimbatore, Tamil Nadu, India |
| Virtuoso Optoelectronics Limited | · Business Services | — | — | Nashik, Maharashtra, India |
| Aksh Optifibre Limited | Discovered Companies · Other Industries | — | — | Bhiwadi, Rajasthan, India |
 MFJ Enterprises (Opc) Private Limited |
Electronics Manufacturing (EMS) · Trading | mfjenterprises.com | — | Telangana, India |
 Value Plus Retail Private Limited |
Electronics Manufacturing (EMS) · Trading | valueplusretail.com | 2007 | Noida, Uttar Pradesh, India |
 Vijay Sales (India) Private Limited |
Outlets operated by Vijay Sales India Limited. | vijaysales.com | — | Mumbai, Maharashtra, 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.