Key Metrics of Sireesh Auto
About Sireesh Auto
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
WatchDowngraded by ICRA on 07 Sep 2026
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 07 Sep 2026 | ICRA | Downgraded | BBB | A3+ | Stable | ₹153 Cr | View |
Credit strengths (ICRA, Sep 2026)
+ Strong credentials as one of the largest dealers of M&M PVs in Bengaluru
SAPL is one of the largest dealers of M&M’s PVs in Bengaluru and they continue to enjoy a strong market position, accounting for 38-40% of M&M’s retail sales in Bengaluru and around 27% across Karnataka.
+ Healthy revenue growth
SAPL reported a strong operational performance in FY2026, with operating income increasing by 46% to around Rs. 1,855 crore from around Rs. 1,269 crore in FY2025.
+ Comfortable debt coverage metrics
The debt coverage indicators, marked by TD/OPBDITA and interest coverage ratio, though moderated, remained comfortable at 3.2 times and 10.6 times, respectively, as on March 31, 202 6.
Credit challenges
− Decline in net worth due to large dividend withdrawal in FY2026
A dividend of approximately Rs. 84 crore was distributed from accumulated retained earnings in FY2026.
− Thin margins inherent to auto dealership business; leveraged capital structure due to increased reliance on bank debt
The auto dealership business is characterised by thin profit margins as the same are determined by OEMs, with dealers having a low bargaining power.
− Intense competition in automobile dealership business; limited geographical diversification
The company’s sales and profitability remain susceptible to intense competition from dealers of other OEMs in the region, which limit pricing flexibility.
Could lead to an upgrade
The ratings may be upgraded if there is a sustained improvement in the company’s scale and profitability leading to strengthening of net worth, whilemaintaining comfortable debt protections metrics and
Could lead to a downgrade
The ratings may be downgraded if there is a further significant dividend payout or withdrawal of unsecured loan impacting the net worth and
Agency-reported financials (ICRA, 07 Sep 2026)
| Metric | FY2025 | FY2026 |
|---|---|---|
| Operating income (OI) | ₹1,269 Cr | ₹1,855 Cr |
| PAT | ₹28.70 Cr | ₹31.00 Cr |
| OPBDIT/OI | 3.2% | 2.5% |
| PAT/OI | 2.3% | 1.7% |
| Total outside liabilities/Tangible net worth (times) | 1.00× | 6.50× |
| Total debt/OPBDIT (times) | 0.80× | 3.20× |
| Interest coverage (times) | 16.80× | 10.60× |
| Revenue growth (YoY) | — | 46.2% |
| EBITDA (margin × income) | ₹40.60 Cr | ₹46.37 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹32.48 Cr | ₹148 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹2.42 Cr | ₹4.37 Cr |
Borrowings & rated debt
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long-term – Fund-based – Cash credit | Working capital & bank lines | ₹64.6 Cr | ₹151 Cr | 133.0% | BBB (Stable) | Downgraded | ICRA |
| Long-Long-term/Short-term – Unallocated term | Working capital & bank lines | ₹9.00 Cr | ₹2.50 Cr | −72.2% | BBB / A3+ (Stable) | Downgraded | ICRA |
Credit assessment · Auto components
Rating Methodology – Auto Components and Equipment (Oct 2026) · 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) | 88% |
| Information on file | 56% · missing: Annual results history (3+ years), 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: 62% chance the next rating action is stable or better
- Current rating BBB (investment grade)
- Interest coverage 10.6×
- Working-capital limits 51% utilised on average
- ₹2.5 cr of rated limits not yet tied to a lender
Rated limits by facility
Timeline
From the report
September 07, 2026 Sireesh Auto Private Limited: Long-term rating downgraded; short-term rating reaffirmed; rated amount enhanced Summary of rating action Previous rated Current rated Financial Sector Instrument* amount amount Rating action # Regulator (Rs. crore) (Rs. crore) [ICRA]BBB (Stable); downgraded Long-term – Fund-based – Cash credit 64.60 150.50 from [ICRA]BBB+ (Stable), assigned RBI for enhanced amount [ICRA]BBB (Stable)/[ICRA]A3+;
From the report
The company’s revenues also remain susceptible to the slowdown in the market conditions of Bengaluru as SAPL’s entire operations are concentrated in this market. www.icra.in Sensitivity Label : Public Page |2 Liquidity position: Adequate SAPL’s liquidity is expected to remain adequate mainly on account of comfortable cash balance of Rs. 14.89 crore as on March 31, 2026.
From the report
The average working capital utilisation has been around 51% for the 12 months ended in June 2026, against the sanctioned limit of Rs. 150.5 crore.
From the report
The average working capital utilisation has been around 51% for the 12 months ended in June 2026, against the sanctioned limit of Rs. 150.5 crore.
From the report
The company has minimal term debt repayment obligations of around Rs. 0.5 crore in the next two years, which can be comfortably serviced from its own sources.
From the report
The company’s long-term debt mainly consists of unsecured loans from promoters of Rs. 48 crore as on March 31, 2026, for which the promoters have infused around Rs. 34 crore in FY2026 to support SAPL’s funding requirement.
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.