Key Metrics of R.v.r. Projects Private Limited
About R.v.r. Projects Private 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.
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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 |
|---|---|---|---|---|---|---|---|
| 08 Sep 2026 | ICRA | Reaffirmed | AA- | A1+ | Stable | ₹4,055 Cr | View |
| 18 Aug 2026 | ICRA | Assigned | AA- | A1+ | Stable | ₹2,955 Cr | View |
Credit strengths (ICRA, Sep 2026)
+ Healthy order book position providing medium-term revenue visibility
RVR’s unexecuted order book stood at Rs. 15,348 crore as on June 30, 2026, equivalent to 3.7 times of its FY2026 operating income, providing healthy medium-term revenue visibility, with an average execution period of 3-4 years.
+ Established track record in executing EPC contracts
RVR’s promoters have an established track record of over four decades in the construction sector and has executed projects for multiple central and state government departments, DRDO and PSUs among others.
+ Strong revenue growth and healthy operating margins
RVR witnessed strong YoY growth in operating income by 92% to Rs. 4,159 crore in FY2026 compared to Rs. 2,166 crore in FY2025 and Rs. 1,934 crore in FY2024, supported by increased order addition and healthy execution across road projects, Amaravati CapitalRegion works and Chinki-Boras irrigation project among others.
Credit challenges
− Nascent stages of projects exposing the company to execution risk
The company is exposed to project execution risks, given that around 38% of the unexecuted order book comprised projects at nascent stages of execution as on June 30, 2026, with physical progress of less than 15%.
− Order book exposed to segment, client and geographical concentration; moderate working capital intensity
RVR’s unexecuted order book exhibits concentration across limited number of clients, geographies and segments.
Could lead to an upgrade
The ratings could be upgraded in case of material improvement in the scale of operations, and improved diversification in the order book across geographies and clients, resulting in lower concentration risk, while maintaining healthy profitability margins, financial risk profile and
Could lead to a downgrade
Pressure on the ratings could arise in case of significant decline in scale of operations, order book position, or any increase in debt-funded capex/investments in group entities resulting in a deterioration in the
Agency-reported financials (ICRA, 08 Sep 2026)
| Metric | FY2025 | FY2026 |
|---|---|---|
| Operating income | ₹2,166 Cr | ₹4,159 Cr |
| PAT | ₹284 Cr | ₹522 Cr |
| OPBDIT/OI | 17.9% | 18.5% |
| PAT/OI | 13.1% | 12.6% |
| Total outside liabilities/Tangible net worth (times) | 0.50× | 0.80× |
| Total debt/OPBDIT (times) | 0.80× | 0.00× |
| Interest coverage (times) | 7.80× | 7.50× |
| Revenue growth (YoY) | — | 92.0% |
| EBITDA (margin × income) | ₹388 Cr | ₹769 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹310 Cr | ₹0.00 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹49.71 Cr | ₹103 Cr |
Borrowings & rated debt
Rated limits over time
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long-term – Fund-based – Working capital facilities | Working capital & bank lines | ₹360 Cr | ₹360 Cr | 0.0% | AA- (Stable) | Reaffirmed | ICRA |
| Long-term/Short-term – Non-Fund | Non-fund based limits | ₹2,595 Cr | ₹2,972 Cr | 14.5% | AA- / A1+ (Stable) | Reaffirmed | ICRA |
| Fund-based/Non-Fund-based | Non-fund based limits | — | ₹723 Cr | — | AA- / A1+ (Stable) | Assigned | 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: 64% chance the next rating action is stable or better
- Current rating AA- (investment grade)
- Interest coverage 7.5×
Rated limits by facility
Timeline
From the report
Moreover, RVR had unencumbered cash and cash equivalent of Rs. 987 crore as on March 31, 2026 along with over Rs. 1,000 crore buffer in its non-fund based limits, which further supports its credit profile.
From the report
Moreover, RVR had unencumbered cash and cash equivalent of Rs. 987 crore as on March 31, 2026 along with over Rs. 1,000 crore buffer in its non-fund based limits, which further supports its credit profile.
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.