Key Metrics of Spin Craft Precision Private Limited
About Spin Craft Precision Private Limited
Sectors
Company details
- Registered office
- Sr No 89/2, Plot No 1-2, Makhavad, Lodhika, Rajkot, In-gj, 360035
Operational Areas of Spin Craft Precision Private Limited
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 |
|---|---|---|---|---|---|---|---|
| 08 May 2026 | ICRA | Assigned | B+ | — | Stable | ₹14.0 Cr | View |
Credit strengths (ICRA, May 2026)
+ Extensive experience of promoters
The promoter has over four decades of experience in the casting industry, which has helped the firm develop a strong understanding of industry dynamics and maintain established relationships with customers and suppliers.
+ Established customer base
SCPL has an established customer base in the automotive component sector, comprising reputed domestic and overseas customers.
Credit challenges
− Modest scale of operations
The company’s scale of operations remained moderate, with revenues of Rs. 20.0 crore in FY2026 and Rs. 12.1 crore in FY2025.
− High customer concentration
SCPL derives almost 97–99% of its revenues from its top five customers, resulting in high customer concentration risk.
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 increase in working capital cycle weakens the debt coverage indicators and
Agency-reported financials (ICRA, 08 May 2026)
| Metric | FY2025 | FY2026 |
|---|---|---|
| Operating income | ₹12.10 Cr | ₹20.00 Cr |
| PAT | ₹0.20 Cr | ₹0.00 Cr |
| OPBDIT/OI | 12.9% | 16.6% |
| PAT/OI | 1.5% | 0.2% |
| Total outside liabilities/Tangible net worth (times) | 1.40× | 19.30× |
| Total debt/OPBDIT (times) | 6.50× | 5.50× |
| Interest coverage (times) | 3.70× | 2.30× |
| Revenue growth (YoY) | — | 65.3% |
| EBITDA (margin × income) | ₹1.56 Cr | ₹3.32 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹10.14 Cr | ₹18.26 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹0.42 Cr | ₹1.44 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 | — | ₹2.00 Cr | — | B+ (Stable) | Assigned | ICRA |
| Long-term – Fund-based – Overdraft | Working capital & bank lines | — | ₹1.40 Cr | — | B+ (Stable) | Assigned | ICRA |
| Long-term – Unallocated limits | Working capital & bank lines | — | ₹10.6 Cr | — | B+ (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) | 36% |
| 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: 33% chance the next rating action is stable or better
- Current rating B+ (below investment grade)
- Interest coverage 2.3×
- ₹10.6 cr of rated limits not yet tied to a lender
Rated limits by facility
Timeline
From the report
The small size of the cash credit facility of Rs. 2.0 crore constrains the business expansion, while any large capex or significant partner withdrawals could materially strain the available cash balance and operating surplus.
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 Spin Craft Precision Private Limited
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
 Larsen & Toubro |
Capital Goods & Power Equipment · Heavy Engineering & Capital Goods | larsentoubro.com | 1938 | Mumbai, India |
 Thermax |
Capital Goods & Power Equipment · Heavy Engineering & Capital Goods | thermaxglobal.com | 1980 | Pune, India |
 Blue Dart Express |
Outlets operated by Blue Dart Express. | bluedart.com | 1983 | Mumbai, India |
| H.G. INFRA ENGINEERING LIMITED (PART IX) | Machine Tools & Industrial Machinery · Heavy Engineering & Capital Goods | — | — | Jodhpur, Rajasthan, India |
 Tata Hitachi Construction Machinery Company |
Machine Tools & Industrial Machinery · Heavy Engineering & Capital Goods | tatahitachi.co.in | — | India |
 Kirloskar Brothers |
Capital Goods & Power Equipment · Heavy Engineering & Capital Goods | kirloskarpumps.com | 1888 | Pune, India |
 Sansera Engineering Limited |
Machine Tools & Industrial Machinery · Heavy Engineering & Capital Goods | sansera.in | — | Bangalore, Karnataka, India |
 Action Construction Equipment Limited |
Fertilisers, Seeds & Crop Protection · Agriculture & Agri-Inputs | ace-cranes.com | 2009 | Palwal, India |
 AJAX Engineering |
Commercial Vehicles & Buses · Automobile Manufacturers | ajax-engg.com | 1992 | Bangalore, India |
| Il&FS Engineering And Construction Company Limited | · Construction | — | — | Hyderabad, Telangana, 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.