Key Metrics of Sns Asset Developers Private Limited
About Sns Asset Developers 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.
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 |
|---|---|---|---|---|---|---|---|
| 13 May 2026 | ICRA | Assigned | BB | — | Stable | ₹93.0 Cr | View |
Credit strengths (ICRA, May 2026)
+ Extensive experience of promoters in real estate development
The promoters of SNS Group have established SADPL to develop SNS Elevate, a commercial real estate project located in Udhna Magdalla Road, Surat .
+ Financial closure in place for debt funding
The project cost is funded through a mix of bank debt and partners’ contributions in the form of equity and unsecured loans.
Credit challenges
− Execution risk persists
The project is in the middle of construction, having commenced in January 2024.
− Exposed to geographical concentration risk
The company is exposed to high geographical concentration risk, with a single under-construction project located on Udhna Magdalla Road, Surat.
− Cyclicality in real estate industry
The real estate sector remains cyclical in nature, characterised by price volatility and a fragmented market structure.
Could lead to an upgrade
The rating may be upgraded if there is a significant increase in sales and collections along with healthy construction progress, resulting in an improvement in cash flow from operations, debt protection metrics and
Could lead to a downgrade
Negative pressure on the rating could emerge in case of significant delays in project execution and/or subdued sales and collections impacting the cash flows from operations and weakening of debt protection metrics on a sustained basis.
Agency-reported financials (ICRA, 13 May 2026)
| Metric | FY2025 | FY2026 |
|---|---|---|
| Operating income | — | ₹0.00 Cr |
| PAT | ₹-2.00 Cr | ₹-4.50 Cr |
| OPBDIT/OI - NM** | — | — |
| PAT/OI - NM | — | — |
| Total outside liabilities/Tangible net worth (times) | -26.40× | 0.90× |
| Total debt/OPBDIT (times) | -55.50× | -10.40× |
| Interest coverage (times) | -156.50× | -1,133.10× |
| EBITDA (margin × income) | — | — |
| Implied total debt (debt/EBITDA × EBITDA) | — | — |
| Implied interest cost (EBITDA ÷ coverage) | — | — |
Borrowings & rated debt
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long term – Fund Based – Term Loans | Term loans | — | ₹93.0 Cr | — | BB (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) | 46% |
| 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: 45% chance the next rating action is stable or better
- Current rating BB (below investment grade)
- Interest coverage -1,133.1×
Rated limits by facility
Timeline
From the report
Liquidity position: Adequate ICRA expects the company’s liquidity position to be Adequate, supported by free cash and liquid balances of around Rs. 13.2 crore and an undrawn term loan of about Rs. 68 crore as of March 31, 2026.
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.