Key Metrics of Reitz India Limited
About Reitz India 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 |
|---|---|---|---|---|---|---|---|
| 30 Jun 2026 | ICRA | Reaffirmed | BBB+ | A2 | Stable | ₹99.5 Cr | View |
Credit strengths (ICRA, Jun 2026)
+ Established track record in industrial fan industry and collaboration with Konrad Reitz
REIL has an established track record of more than two decades in the industrial fan industry, catering to various industries and geographies.
+ Reputed customer profile
The company manufactures customised products and has established relationships with reputed players, reflected in the repeat orders over the years.
+ Healthy revenue growth and favourable demand prospects, evident from healthy order book position
REIL witnessed a healthy scale-up in its revenues to Rs. 308.7 crore in FY2026 compared to Rs. 245.5 crore in FY2025 on the back of a strong order inflow with the addition of customers across sectors and repeat orders.
+ Comfortable financial risk profile
The company’s financial profile is comfortable with low gearing of 0.1 times as on March 31, 2026, and the debt primarily comprising working capital borrowings.
Credit challenges
− High segmental concentration
The company has high segmental concentration as majority of its revenues are derived from the cement industry.
− Working capital intensive nature of business
The company’s operations are working capital intensive, reflected in NWC/OI of ~19.7% in FY2026 (18.1% as of FY2025) due to the long receivable cycle and inventory holding requirements.
− Exposed to intense competition in industry and volatility in demand
Despite REIL’s established market position, it is exposed to intense competition from various organised and unorganised players.
Could lead to an upgrade
ICRA could upgrade REIL’s ratings if the company shows a significant scale-up of operations along with an improvement in its profitability and net worth on a sustained basis while maintaining debt coverage metrics and
Could lead to a downgrade
ICRA could downgrade REIL’s ratings if the revenues or the profitability declines, resulting in a significant reduction in cash accruals. Any elongation in the working capital cycle weakening the
Agency-reported financials (ICRA, 30 Jun 2026)
| Metric | FY2025 | FY2026 |
|---|---|---|
| Operating income | ₹246 Cr | ₹309 Cr |
| PAT | ₹14.00 Cr | ₹20.70 Cr |
| OPBDITA/OI | 10.1% | 10.8% |
| PAT/OI | 5.7% | 6.7% |
| Total outside liabilities/Tangible net worth (times) | 0.90× | 0.70× |
| Total debt/OPBDIT (times) | 0.70× | 0.40× |
| Interest coverage (times) | 10.80× | 12.40× |
| Revenue growth (YoY) | — | 25.7% |
| EBITDA (margin × income) | ₹24.80 Cr | ₹33.34 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹17.36 Cr | ₹13.34 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹2.30 Cr | ₹2.69 Cr |
Borrowings & rated debt
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| credit | Other | ₹15.0 Cr | ₹15.0 Cr | 0.0% | BBB+ (Stable) | Reaffirmed | ICRA |
| Short term – Non-fund based | Non-fund based limits | ₹84.5 Cr | ₹84.5 Cr | 0.0% | 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) | 64% |
| 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: 59% chance the next rating action is stable or better
- Current rating BBB+ (investment grade)
- Interest coverage 12.4×
Rated limits by facility
Timeline
From the report
Liquidity position: Adequate REIL has an adequate liquidity profile, reflected in the sufficient cushion in working capital limits and comfortable unencumbered cash balance of Rs. 16.65 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.
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.