Key Metrics of Sapna Metal Processing Co
About Sapna Metal Processing Co
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 |
|---|---|---|---|---|---|---|---|
| 07 Apr 2026 | ICRA | Assigned | BBB- | A3 | Stable | ₹31.0 Cr | View |
| 23 Sep 2020 | CARE | Withdrawn | BB- | A4 | Stable | — | View |
| 09 Oct 2019 | CARE | Reaffirmed | BB- | A4 | Stable | ₹19.3 Cr | View |
| 20 Sep 2018 | CARE | Reaffirmed | BB- | A4 | Stable | ₹20.5 Cr | View |
| 30 Oct 2017 | CARE | Assigned | BB- | A4 | Stable | ₹6.80 Cr | View |
Credit strengths (ICRA, Apr 2026)
+ Extensive industry experience of the partners
The promoter has over two decades of experience in the casting industry, which has enabled the Group to develop a strong understanding of industry dynamics and maintain established relationships with customers and suppliers.
+ Comfortable debt protection
The Group has a comfortable financial risk profile, supported by steady earnings, a comfortable capital structure, and adequate debt coverage indicators.
Credit challenges
− Susceptibility of the profitability to volatility in raw material prices
The operating performance remains exposed to volatility in raw material prices, as such costs account for around 68 -72% of operating revenue, with key inputs such as scrap and sponge iron being influenced by overall demand -supply dynamics in the metal market .
− Moderate scale of operations in intensely metal processing business; working capital intensive operations
The casting industry is highly competitive due to low entry barriers and the presence of a large number of organised and unorganised players, which limits pricing flexibility and restricts margin expansion.
− Risks inherent in partnership firm such as risk of capital withdrawal
The Group remains exposed to the risk of capital withdrawals by its partners, which could potentially impact its capital structure and financial flexibility.
Could lead to an upgrade
The ratings could be upgraded if there is a material increase in revenue and earnings, leading to improvement in the debt coverage metrics and
Could lead to a downgrade
Pressure on the ratings could arise if there is a material decline in revenues and earnings or any significant debt-funded capex or higher than projected capital withdrawal or increase in working capital cycle weakens the debt coverage www.icra.in Sensitivity Label : Public Page |2 indicators and
Agency-reported financials (ICRA, 07 Apr 2026)
| Metric | FY2024 | FY2025 |
|---|---|---|
| Operating income | ₹165 Cr | ₹156 Cr |
| PAT | ₹6.40 Cr | ₹5.20 Cr |
| OPBDIT/OI | 10.5% | 10.9% |
| PAT/OI | 3.9% | 3.3% |
| Total outside liabilities/Tangible net worth (times) | 1.50× | 1.90× |
| Total debt/OPBDITA (times) | 1.70× | 2.10× |
| Interest coverage (times) | 4.00× | 3.40× |
| Revenue growth (YoY) | — | −5.4% |
| EBITDA (margin × income) | ₹17.35 Cr | ₹17.04 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹29.50 Cr | ₹35.78 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹4.34 Cr | ₹5.01 Cr |
Borrowings & rated debt
Rated limits over time
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long term – Fund based – Cash credit | Working capital & bank lines | — | ₹11.0 Cr | — | BBB- (Stable) | Assigned | ICRA |
| Long term – Fund based – Term loan | Term loans | — | ₹23.0 L | — | BBB- (Stable) | Assigned | ICRA |
| Short term – Fund based – Packing credit | Working capital & bank lines | — | ₹18.0 Cr | — | A3 | Assigned | ICRA |
| Long term Short term – Unallocated limits | Working capital & bank lines | — | ₹1.77 Cr | — | BBB- / A3 (Stable) | Assigned | ICRA |
CARE ratings on record (checked 02 Nov 2026)
| Instrument | Amount | Rating |
|---|---|---|
| Bank Guarantee | — | Withdrawn |
| Cash Credit | — | Withdrawn |
| Term Loan | — | Withdrawn |
Credit assessment · Non-ferrous metals
Rating Methodology – Non-Ferrous Metals (Sep 2024) · 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) | 52% |
| Information on file | 33% · missing: Audited financial statements (last 18 months), 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: 50% chance the next rating action is stable or better
- Current rating BBB- (investment grade)
- Interest coverage 3.4×
- Working-capital limits 88% utilised on average
- ₹1.77 cr of rated limits not yet tied to a lender
Rated limits by facility
Timeline
From the report
Liquidity position: Adequate The liquidity profile of the firm is adequate, supported by a sufficient buffer in its working capital limits , with average utilisation of around 88% for the 12 months ended February 2026.
From the report
Liquidity Analysis Stretched Liquidity Liquidity was stretched marked by low cash flow from operating activities during FY19 at Rs.0.58 crore as against Rs. 0.36 crore during 10MFY18.Cash accruals remained adequate at Rs.1.62 crore in FY19 as against its principle debt repayment obligation of Rs.0.66 crore for FY20.
From the report
Liquidity Analysis Stretched Liquidity Liquidity was stretched marked by low cash flow from operating activities during FY19 at Rs.0.58 crore as against Rs. 0.36 crore during 10MFY18.Cash accruals remained adequate at Rs.1.62 crore in FY19 as against its principle debt repayment obligation of Rs.0.66 crore for FY20.
From the report
However, as on March 31, 2019, cash and bank balance was low at Rs.0.03 crore and average working capital utilization remained high at 88% for past 12 months ended August 2019.
From the report
However, as on March 31, 2019, cash and bank balance was low at Rs.0.03 crore and average working capital utilization remained high at 88% for past 12 months ended August 2019.
From the report
Further, the operation remains working capital intensive marked by high average utilization of working capital limits at 90% during the past 12 months ended August, 2018.
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.