Key Metrics of Sms Constructions
About Sms Constructions
Sectors
Company details
Operational Areas of Sms Constructions
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
WatchLiquidity assessed as Stretched
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 31 Mar 2026 | ICRA | Reaffirmed | BB- | — | Stable | ₹10.0 Cr | View |
Credit strengths (ICRA, Mar 2026)
+ Adequate order book position
The firm has a total an outstanding order book of Rs. 164.7 crore, providing strong revenue visibility for the next two years.
Credit challenges
− Small scale of operations and weak financial profile
The firm’s scale of operations remains modest with revenues of about Rs. 42.1 crore in FY2025.
Could lead to an upgrade
The ratings could be upgraded if there is material increase in revenue and earnings, leading to improvement in 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 and/or increase in working capital cycle weakens the debt coverage indicators or
Agency-reported financials (ICRA, 31 Mar 2026)
| Metric | FY2024 | FY2025 |
|---|---|---|
| Operating income | ₹49.30 Cr | ₹42.10 Cr |
| PAT | ₹1.40 Cr | ₹1.10 Cr |
| OPBDIT/OI | 8.8% | 8.6% |
| PAT/OI | 2.9% | 2.6% |
| Total outside liabilities/Tangible net worth (times) | 2.90× | 2.30× |
| Total debt/OPBDIT (times) | 4.80× | 5.20× |
| Interest coverage (times) | 2.30× | 1.90× |
| Revenue growth (YoY) | — | −14.6% |
| EBITDA (margin × income) | ₹4.34 Cr | ₹3.62 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹20.83 Cr | ₹18.82 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹1.89 Cr | ₹1.91 Cr |
Borrowings & rated debt
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Previous Current Issuer | Other | ₹0 | ₹0 | — | BB- (Stable) | Reaffirmed | ICRA |
| Long Term-Fund Based-Cash ISSUER NOT | Working capital & bank lines | ₹3.00 Cr | ₹3.00 Cr | 0.0% | B (Stable) | Other | ICRA |
Credit assessment · Manufacturing
Rating Methodology – Manufacturing Companies (Mar 2025) · 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) | 36% |
| 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: 36% chance the next rating action is stable or better
- Current rating BB- (below investment grade)
- Interest coverage 1.9×
- Working-capital limits 96% utilised on average
Rated limits by facility
Timeline
From the report
Liquidity pressure persists due to modest cash balances and limited availability in working capital lines, reflected in high average utilisation of around 96% of the drawing power during the twelve months ended December 2025, which continues to constrain the scalability of operations.
From the report
The entity has fund-based working capital limits of Rs. 15 crore, with an average utilisation of 96% in the last twelve-month period ending December 2025.
From the report
The company has maintained cash margins of about Rs. 6.3 crore towards bank borrowings and bank guarantee as on March 31, 2025.
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.
Competitors of Sms Constructions
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
 RELIANCE INFRASTRUCTURE LIMITED |
Real Estate & Infrastructure · Community, personal and Social Services | rinfra.com | 2002 | Mumbai, Maharashtra, India |
| LODHA DEVELOPERS LIMITED | · Construction | — | — | Mumbai, Maharashtra, India |
 IRCON INTERNATIONAL LIMITED |
Real Estate & Infrastructure · Real Estate & Construction | ircon.org | — | New Delhi, Delhi, India |
| DILIP BUILDCON LIMITED | · Construction | — | — | Bhopal, Madhya Pradesh, India |
| G R INFRAPROJECTS LIMITED | · Construction | — | — | Ahmedabad, Gujarat, India |
 DLF Limited |
Real Estate & Infrastructure · Real Estate & Construction | dlf.in | 1946 | Gurgaon, India |
 GMR POWER AND URBAN INFRA LIMITED |
Part of GMR Group. | gmrpui.com | — | Gurgaon, Haryana, India |
| KIRLOSKAR INDUSTRIES LIMITED | · Real Estate and Renting | — | — | Pune, Maharashtra, India |
| Plastic Pipes & Water Tanks · Cement, Building Materials & Polymers | astralltd.com | — | Ahmedabad, India | |
| EMBASSY DEVELOPMENTS LIMITED | · Construction | — | — | Gurgaon, Haryana, India |
Similar companies
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.