Key Metrics of Raj Industries
About Raj 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 |
|---|---|---|---|---|---|---|---|
| 30 Oct 2026 | ICRA | Reaffirmed | A- | A2+ | Stable | ₹167 Cr | View |
| 03 Oct 2013 | CARE | Other | — | — | — | — | View |
Credit strengths (ICRA, Oct 2026)
+ Comfortable leverage and modest working capital intensity
Raj’s capital structure remains comfortable, with gearing at 0.3 times as on March 31, 2026, an improvement from 1.0 times as on March 31, 2025.
Credit challenges
− Continued capital withdrawals by partners
Raj’s networth remains vulnerable to capital withdrawals by its partners.
− Exposure to intense competition in the soap manufacturing industry, especially in the retail segment
The soap manufacturing industry is intensely competitive with numerous national and local players in the field.
Could lead to an upgrade
ICRA could upgrade the ratings if the firm demonstrates a significant improvement in its scale and operating profit margins, resulting in better coverage metrics and strengthening of the
Could lead to a downgrade
ICRA could downgrade the ratings if the firm witnesses a decline in earnings, or if it undertakes any major debt-funded capex, or if its partners withdraw a substantial profit from the business, affecting the credit/
Agency-reported financials (ICRA, 30 Oct 2026)
| Metric | FY2025 | FY2026 |
|---|---|---|
| Operating income | ₹622 Cr | ₹596 Cr |
| PAT | ₹26.50 Cr | ₹5.50 Cr |
| OPBDIT/OI | 5.3% | 2.2% |
| PAT/OI | 4.3% | 0.9% |
| Revenue growth (YoY) | — | −4.2% |
| EBITDA (margin × income) | ₹32.98 Cr | ₹13.12 Cr |
Borrowings & rated debt
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| credit | Other | ₹21.0 Cr | ₹12.0 Cr | −42.9% | A- (Stable) | Reaffirmed | ICRA |
| Rated facility | Other | ₹28.0 Cr | ₹114 Cr | 307.1% | — | Other | ICRA |
| Short-term Non fund Based | Non-fund based limits | ₹118 Cr | ₹41.0 Cr | −65.3% | A2+ | Reaffirmed | ICRA |
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 |
| Next action stable or better (model) | 54% |
| Information on file | 44% · missing: 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: 55% chance the next rating action is stable or better
- Current rating A- (investment grade)
Rated limits by facility
Timeline
From the report
Despite the weakened performance in FY2026, Raj’s liquidity profile has remained adequate with cash and bank balance of Rs. 3.4 crore and buffer of Rs. 33.2 crore in its working capital facilitiesas 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.
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.