Repro India Limited

Key Metrics of Repro India Limited

Revenue₹233 Cr▼ 10.1% YoYFY 2025-26

EBITDA₹13.7 Cr▼ 58.7% YoY

Net profit−₹36.7 Cr▼ 665.3% YoY

Net worth₹339 Cr▼ 9.5% YoY

Competitors10identified

About Repro India Limited

Sectors

Media, Telecom & EntertainmentMedia & Entertainment

Company details

Registered office: 11 Th Floor, Senapati Bapat Marg, Lower Parel, Sun Paradise Business Plaza B Wing, Mumbai, Mumbai, In-mh, 400013
Listed: NSE: REPRO · ₹315.30

Operational Areas of Repro India Limited

Media, Telecom & Entertainment›Media & Entertainment

Company summary

Entity details

CINL22200MH1993PLC071431

LEI code335800H9NH6JSYIHQ428

State codeMH

PIN code400013

Current legal nameREPRO INDIA LIMITED

Classification—

Listing statusListed (NSE: REPRO)

Registration no.071431

Company age—

PAN—

CountryIndia

CityMumbai

StateMaharashtra

Current statusActive

Date of incorporation—

Registrar of companies—

Authorised capital—

Paid-up capital—

Employee count—

Compliance

Last AGM date—

Last balance sheet—

Next filing dueMGT-7 for FY 2025-26 · 29 Nov 2026

Industry classification

NIC code22200

Description of main activityPublishing, printing and reproduction of recorded media

Description of business activityPublishing, printing and reproduction of recorded media

SectorOther Industries · Discovered Companies

Share price · NSE: REPRO

REPRO on NSE

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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.

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Filing compliance

AGM for FY 2025-2630 Sep 2026 Statutory due date passed

AOC-4 for FY 2025-2630 Oct 2026 Statutory due date passed

MGT-7 for FY 2025-2629 Nov 2026 Statutory due date · 24 days left

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

ICRA · 29 Apr 2026 ICRA BBB+ Negative outlook · Short term A2 · Reaffirmed

Change in last 12 months—

Change since first rating on record—since Apr 2026

Rating actions10 up · 0 down

Liquidity (ICRA)Stretched

WatchNegative outlook (ICRA)

WatchLiquidity assessed as Stretched

Rating history

Rating actions

Date	Agency	Action	Long term	Short term	Outlook	Rated amount	Rationale
29 Apr 2026	ICRA	Reaffirmed	BBB+	A2	Negative	₹170 Cr	View

Credit strengths (ICRA, Apr 2026)

+ Extensive experience of promoters in printing business; healthy client profile with established relationships

The promoters have an experience of more than two decades in the printing industry, which has helped the Group in establishing long- standing relationships with reputed global and domestic publishers, including Cambridge University Press, Oxford University Press, Macmillan Publishers, Arihant Publications and Penguin Random House India, among others.

+ Continued healthy growth in digital printing segment

Supported by increasing internet penetration and growing e- commerce adoption, along with the management’s tie-ups with leading publishers and access to repository content, the digital printing segment reported healthy revenue growth of 24% in FY2025 and 16% YoY in 9M FY2026.

Credit challenges

− Moderation in operating profit margin along with rise in debt levels impacting debt protection metrics

The company’s operating margins are under pressure from FY2025 and remained in the range of 7 -7.5% in FY2025 and 9M FY2026 compared to 10-10.5% in FY2023 and FY2024 due to lower absorption of fixed overheads on account of dip in revenue in the traditional offset printing segment.

− Vulnerability of profitability to adverse fluctuations in raw material prices ; stiff competition

The company’s operating margin is exposed to vulnerability in price fluctuations of its key raw materials, printing paper and ink .

− Modest return indicators

Repro’s RoCE remains modest owing to high capital intensity , decline in the traditional offset printing business and volatile operating profitability.

Could lead to an upgrade

The outlook can be revised to Stable if there is healthy increase in revenue and profitability leading to improvement in

Could lead to a downgrade

Delay in monetisation of asset or decline in the revenue and profitability impacting the debt protection metrics and

Agency-reported financials (ICRA, 29 Apr 2026)

Metric	FY2024	FY2025	9M FY2026
Operating income	₹480 Cr	₹468 Cr	₹355 Cr
PAT	₹12.00 Cr	₹-2.10 Cr	₹-22.00 Cr
OPBDIT/OI	10.9%	7.4%	7.0%
PAT/OI	2.5%	-0.4%	-6.2%
Total outside liabilities/Tangible net worth (times)	0.20×	0.30×	—
Total debt/OPBDIT (times)	0.90×	2.90×	—
Interest coverage (times)	5.40×	4.10×	3.80×
Revenue growth (YoY)	—	−2.4%	—
EBITDA (margin × income)	₹52.27 Cr	₹34.62 Cr	₹24.82 Cr
Implied total debt (debt/EBITDA × EBITDA)	₹47.04 Cr	₹100 Cr	—
Implied interest cost (EBITDA ÷ coverage)	₹9.68 Cr	₹8.44 Cr	₹6.53 Cr

Borrowings & rated debt

Rated borrowing limits (latest)₹170 Cr

Limits raised2 times0 new facilities rated

Facility mix

Rated facilities

Facility	Type	Previous	Current	Change	Rating	Action	Agency
based Working capital facilities to	Working capital & bank lines	₹150 Cr	₹140 Cr	−6.7%	—	Reaffirmed	ICRA
loan to	Other	₹10.0 Cr	₹15.0 Cr	50.0%	—	Revised	ICRA
Long-term/Short-term-Unallocated to	Working capital & bank lines	₹10.0 Cr	₹15.0 Cr	50.0%	BBB+ / A2 (Negative)	Reaffirmed	ICRA

Credit assessment · Manufacturing

Rating Methodology – Manufacturing Companies (Mar 2025) · Standalone accounts · FY 2025-26

Indicative long-term—

Indicative short-term—

Score—

LiquidityStretchedAgency: Stretched

DirectionNegativeAgency outlook: Negative

ICRA rating · Apr 2026BBB+Matches indicative band

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)	20%
Information on file	78% · missing: Capex / investment plans, Auditor details

Indicative assessment from public data using the published methodology factors; not a credit rating.

Borrowing & funding lifecycle

⬇ PDF report ⬇ Excel

Can it borrow more?Further funding possible with conditions Next rating action stable or better: 19% (Downgrade likely) · ML model on 6893 rating histories, AUC 0.653

Rated limits₹170 Cr

Not yet allocated₹15.00 Cr

Extra debt within 3.5× EBITDA—

Interest coverage3.80×

Limit utilisation—

Open bank charges0 · —

Credit outlook model: 19% chance the next rating action is stable or better
Current rating BBB+ (investment grade)
Interest coverage 3.8×
₹15 cr of rated limits not yet tied to a lender

Rated limits by facility

Timeline

29 Apr 2026 ICRA reaffirmed: BBB+ (Negative)Rated limits ₹170 cr ICRA rationale

29 Apr 2026 Cash & liquid funds ₹8 cr

From the report

While Repro remains exposed to the environment and social risk s, it does not materially affect its credit profile as of now . www.icra.in Sensitivity Label : Public Page |2 Liquidity position: Stretched The company’s liquidity is stretched with free cash and liquid investments of Rs. 8 crore as on March 31, 2026.

ICRA rationale

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.

Competitors of Repro India Limited