Key Metrics of Super Auto Forge Private Limited
About Super Auto Forge Private Limited
Sectors
Company details
Operational Areas of Super Auto Forge 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.
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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 |
|---|---|---|---|---|---|---|---|
| 12 Mar 2026 | ICRA | Reaffirmed | AA | A1+ | Stable | ₹140 Cr | View |
Credit strengths (ICRA, Mar 2026)
+ Strong margins aided by presence in a niche product segment and technological capabilities
SAFPL has enjoyed an established presence in the cold and warm forging segment for over four-and-a-half decades.
+ Conservative debt metrics and strong liquidity
SAFPL has remained net-debt negative for several years, aided by healthy accruals and limited debt-funded capex in the past.
+ Its average working capital utilisation remained low at 21% of the drawing power for the period January 2025
December 2025, with nil utilisation in the last couple of months.
+ Established customer profile
SAFPL continues to supply to several reputed Indian and global tier-I players and has maintained a healthy share of business with its customers.
+ Diverse product portfolio
SAFPL has a diverse product portfolio comprising driveshaft components (55% of revenues in 9M FY2026), steering/suspension components (24%) and brake components (18%).
Credit challenges
− Revenues and margins exposed to overseas demand dynamics; any material impact of import tariff in the US a monitorable
The company derives over 80% of its revenues from export markets, with 65 -70% coming from North America and 15-20% from Europe.
− High working capital intensity
As the company derives over 80% of its revenues from export markets and consequently faces longer lead times, it maintains a high level of inventory.
− High customer concentration
The company is exposed to high client concentration risk with its top three customers generating approximately 60% of its revenues in 9M FY2026.
Could lead to an upgrade
ICRA could upgrade SAFPL's long-term rating upon a significant improvement in revenues, earnings and cash flows while maintaining comfortable debt protection metrics.
Could lead to a downgrade
Pressure on SAFPL’s ratings could arise from sustained weak performance leading to significant deterioration in earnings, or sizeable debt-funded capex, dividend payout or buyback resulting in a significant weakening of
Agency-reported financials (ICRA, 12 Mar 2026)
| Metric | FY2025 | 9M FY2026 |
|---|---|---|
| Operating income (OI) | ₹1,552 Cr | ₹1,273 Cr |
| PAT | ₹374 Cr | ₹337 Cr |
| OPBDIT/OI | 32.4% | 34.5% |
| PAT/OI | 24.1% | 26.5% |
| Total outside liabilities/Tangible net worth (times) | 0.10× | 0.10× |
| Total debt/OPBDIT (times) | 0.10× | 0.00× |
| Interest coverage (times) | 98.90× | 232.30× |
| EBITDA (margin × income) | ₹503 Cr | ₹439 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹50.27 Cr | ₹0.00 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹5.08 Cr | ₹1.89 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 | ₹60.0 Cr | ₹60.0 Cr | 0.0% | AA (Stable) | Reaffirmed | ICRA |
| Short-term Fund-based | Working capital & bank lines | ₹60.0 Cr | ₹60.0 Cr | 0.0% | A1+ | Reaffirmed | ICRA |
| Short-term Interchangeable (140.00) (140.00) (sublimit) Long term/short term – Unallocated | Working capital & bank lines | ₹20.0 Cr | ₹20.0 Cr | 0.0% | AA / A1+ (Stable) | Reaffirmed | ICRA |
Credit assessment · Auto components
Rating Methodology – Auto Components and Equipment (Oct 2026) · 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) | 79% |
| 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: 79% chance the next rating action is stable or better
- Current rating AA (investment grade)
- Interest coverage 232.3×
- Working-capital limits 21% utilised on average
- ₹20 cr of rated limits not yet tied to a lender
Rated limits by facility
Timeline
From the report
Supported by steady earnings and limited debt -funded capital expenditure, SAFPL has remained net-debt negative over the last several years, with unencumbered cash and liquid investments of Rs. 1,238.2 crore as on December 31, 2025.
From the report
Its average working capital utilisation remained low at 21% of the drawing power for the period January 2025 - December 2025, with nil utilisation in the last couple of months.
From the report
Its average working capital utilisation remained low at 21% of the sanctioned limits of Rs. 175.0 crore for the period January 2025- December 2025.
From the report
Its average working capital utilisation remained low at 21% of the sanctioned limits of Rs. 175.0 crore for the period January 2025- December 2025.
From the report
The business is expected to generate cash flow from operations of over Rs. 400.0 crore annually, which is likely to further strengthen its liquidity position.
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 Super Auto Forge Private Limited
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
 Bharat Forge |
Part of Bharat Forge. | bharatforge.com | 1961 | Pune, India |
| Sona BLW Precision Forgings Limited | · Manufacturing (Metals and Chemicals, and products thereof) | — | — | Gurgaon, Haryana, India |
 MM Forgings |
Forging · Auto Components, Forging & Casting | mmforgings.com | — | Guindy, India |
 Happy Forgings |
Manufacturing · Forging and Machining | happyforgingsltd.com | — | Ludhiana, India |
| Balu Forge Industries Limited | · Manufacturing (Machinery and Equipments) | — | — | Mumbai, Maharashtra, India |
| Sunstar Precision Forge Limited | Forging · Auto Components, Forging & Casting | — | — | New Delhi, Uttar Pradesh, India |
| Kalyani Forge Limited | Forging · Auto Components, Forging & Casting | — | — | Pune, Maharashtra, India |
| Unique Forgings (India) Private Limited | Forging · Auto Components, Forging & Casting | — | — | Gujarat, India |
| Tirupati Forge Limited | · Manufacturing (Metals and Chemicals, and products thereof) | — | — | Rajkot, Gujarat, India |
| Echjay Forgings Private Limited | Forging · Auto Components, Forging & Casting | — | — | Maharashtra, 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.