Key Metrics of Supertron Electronics Private Limited
About Supertron Electronics Private Limited
Sectors
Company details
- Registered office
- 2 Coper Lane Hare Street, Kolkata, In-wb, 700001
Operational Areas of Supertron Electronics 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
PositiveUpgraded by ICRA on 28 Aug 2026
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 28 Aug 2026 | ICRA | Upgraded | A+ | A1 | Stable | ₹1,196 Cr | View |
| 30 Jul 2026 | CARE | Upgraded (from A) | A+ | A1 | Stable | ₹1,196 Cr | View |
| 24 Jun 2025 | CARE | Reaffirmed | A | A1 | Stable | ₹1,005 Cr | View |
| 04 Oct 2024 | CARE | Reaffirmed | A | A1 | Positive | ₹923 Cr | View |
| 04 Aug 2023 | CARE | Reaffirmed | A | A1 | Positive | ₹743 Cr | View |
| 12 Sep 2022 | CARE | Reaffirmed | A | — | Positive | ₹1,252 Cr | View |
| 05 Nov 2021 | CARE | Revised (from A-) | A | A1 | Stable | ₹1,132 Cr | View |
| 30 Nov 2020 | CARE | Reaffirmed | A | — | Positive | ₹506 Cr | View |
| 07 Oct 2020 | CARE | Reaffirmed | A- | A2+ | Stable | ₹506 Cr | View |
| 04 Oct 2019 | CARE | Reaffirmed | A- | A2+ | Stable | ₹506 Cr | View |
| 03 Jan 2019 | CARE | Other | — | — | — | — | View |
Credit strengths (ICRA, Aug 2026)
+ Established player in the IT hardware distribution business, exclusive tie-ups with leading product manufacturers
SEPL is an established player in the IT hardware distribution business, having tie-ups with leading hardware OEMs like Dell, Acer, Seagate, Lenovo and Samsung, among others.
+ Extensive distribution network; pan-India presence through channel partners and branch offices
SEPL has developed a pan- India distribution footprint through a wide network of channel partners and branch offices.
Credit challenges
− Intense competition from established distribution companies limits pricing flexibility
The operating profit margin (OPM) of the company is inherently low due to the nature of the industry in which it operates, which is characterised by intense competition among players in a high volume, low margin business.
− Dependence on performance of the principals
Sales of products sourced from Dell, Lenovo, Acer, Seagate and Samsung, SEPL’s key suppliers, account for the major portion of the company’s revenues.
− High working capital intensive nature of operations
The company has high stocking requirements and has to extend large credit to its dealers/ channel partners.
Could lead to an upgrade
ICRA may upgrade the ratings of SEPL if there is sustained healthy growth in revenues and earnings, leading to a strengthening of its credit metrics and an improvement in the working capital cycle that positively impacts its
Could lead to a downgrade
Pressure on SEPL’s ratings may arise if there is a material decline in profitability, negatively impacting debt protection metrics, and/or an elongation in the working capital cycle adversely impacting the
Agency-reported financials (ICRA, 28 Aug 2026)
| Metric | FY2024 | FY2025 | FY2026 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Operating income | ₹6,730 Cr | ₹6,963 Cr | ₹8,572 Cr | ₹6,749 Cr | ₹7,022 Cr |
| PAT | ₹97.50 Cr | ₹84.70 Cr | ₹164 Cr | ₹98.30 Cr | ₹87.00 Cr |
| OPBDIT/OI | 2.6% | 2.3% | 3.3% | 2.6% | 2.3% |
| PAT/OI | 1.4% | 1.2% | 1.9% | 1.5% | 1.2% |
| Total outside liabilities/Tangible net worth (times) | 3.80× | 3.70× | 2.90× | 3.80× | 3.70× |
| Total debt/OPBDIT (times) | 3.20× | 3.60× | 2.50× | 3.20× | 3.60× |
| Interest coverage (times) | 3.30× | 3.10× | 3.20× | 3.40× | 3.20× |
| Revenue growth (YoY) | — | 3.5% | 23.1% | −21.3% | 4.0% |
| EBITDA (margin × income) | ₹175 Cr | ₹160 Cr | ₹283 Cr | ₹175 Cr | ₹162 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹560 Cr | ₹577 Cr | ₹707 Cr | ₹562 Cr | ₹581 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹53.03 Cr | ₹51.66 Cr | ₹88.39 Cr | ₹51.61 Cr | ₹50.47 Cr |
Borrowings & rated debt
Rated limits over time
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long-term bank facilities | Working capital & bank lines | — | ₹295 Cr | — | A+ | Upgraded | CARE |
| Short-term bank facilities | Working capital & bank lines | — | ₹622 Cr | — | A1 | Reaffirmed | CARE |
| Short-term bank facilities | Working capital & bank lines | — | ₹279 Cr | — | A1 | Assigned | CARE |
CARE ratings on record (checked 27 Oct 2026)
| Instrument | Amount | Rating |
|---|---|---|
| BG/LC | ₹622 Cr | CARE A1 |
| Cash Credit | ₹295 Cr | CARE A+; Stable |
| Forward Contract | ₹4.00 Cr | CARE A1 |
| Long Term | — | Withdrawn |
| Vendor financing | ₹275 Cr | CARE A1 |
Lenders
| Fund-based - LT | Cash Credit | Citi Bank |
| Fund-based - LT | Cash Credit | DBS Bank India Ltd. |
| Fund-based - LT | Cash Credit | HDFC Bank Ltd. |
| Fund-based - LT | Cash Credit | ICICI Bank Ltd. |
| Fund-based - LT | Cash Credit | IDFC First Bank Ltd. |
| Fund-based - LT | Cash Credit | Karnataka Bank Ltd. |
| Fund-based - LT | Cash Credit | SBM Bank (India) Ltd. |
| Fund-based - LT | Cash Credit | State Bank of India |
| Fund-based - LT | Cash Credit | Yes Bank Ltd. |
| Fund-based - ST | Vendor financing | State Bank of India |
| Non-fund-based - ST | BG/LC | Citi Bank |
| Non-fund-based - ST | BG/LC | DBS Bank India Ltd. |
| Non-fund-based - ST | BG/LC | HDFC Bank Ltd. |
| Non-fund-based - ST | BG/LC | ICICI Bank Ltd. |
| Non-fund-based - ST | BG/LC | IDFC First Bank Ltd. |
| Non-fund-based - ST | BG/LC | Karnataka Bank Ltd. |
| Non-fund-based - ST | BG/LC | SBM Bank (India) Ltd. |
| Non-fund-based - ST | BG/LC | State Bank of India |
| Non-fund-based - ST | BG/LC | Yes Bank Ltd. |
| Non-fund-based - ST | Forward Contract | ICICI Bank Ltd. |
| Non-fund-based - ST | Forward Contract | Karnataka Bank Ltd. |
| Non-fund-based - ST | Forward Contract | State Bank of India |
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) | 21% |
| Information on file | 56% · missing: 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: 21% chance the next rating action is stable or better
- Current rating A+ (investment grade)
- Interest coverage 3.2×
- Working-capital limits 81% utilised on average
- ₹626 cr of rated limits not yet tied to a lender
Rated limits by facility
Timeline
From the report
SEPL’s average utilisation of the working capital limits stood at around 81% during the last 15 months ended July 2026.
From the report
SEPL’s liquidity is further supported by moderate cash and bank balances of ~₹49 crore as on March 31, 2026.
From the report
Average utilisation of fund-based and non-fund-based working capital limits stood at ~75% and 86%, respectively, for 12 months ended June 2026, indicating availability of some headroom in sanctioned facilities.
From the report
Average utilisation of fund-based and non-fund-based working capital limits stood at ~75% and 86%, respectively, for 12 months ended June 2026, indicating availability of some headroom in sanctioned facilities.
From the report
Liquidity: Adequate Liquidity position of the company is adequate with comfortable cushion in cash accruals of ₹96.52 crore against debt repayment obligation of ₹16.42 crore in FY25.
From the report
Liquidity: Adequate Liquidity position of the company is adequate with comfortable cushion in cash accruals of ₹96.52 crore against debt repayment obligation of ₹16.42 crore in FY25.
From the report
The company’s liquidity is also supported by moderate cash and bank balances of ~₹24 crore as on March 31, 2025.
From the report
The average utilisation of fund-based and non fund-based limits stood at 86% in 12 months ended April 2025.
From the report
The company has availed additional non -fund-based limits of ₹90 crore in the current fiscal.
From the report
Liquidity: Adequate Adequate liquidity position is characterised by comfortable cushion in accruals (₹106 crore) against repayment obligations (₹13 crore) in FY24, supported by a moderate cash and bank balance of ₹23 crore as on March 31, 2024.
From the report
Going forward, the company’s liquidity position is expected to remain adequate considering the healthy GCA, which is expected to sufficiently cover scheduled debt repayment obligations of ₹10.0 crore in FY25.
From the report
Liquidity: Adequate The adequate liquidity position is characterised by the comfortable cushion in accruals (₹89 crore) vis-à-vis repayment obligations (₹10 crore) in FY23, supported by a moderate cash and bank balance of ₹15.62 crore as on March 31, 2023.
From the report
Press Release Liquidity position: Adequate Adequate liquidity is characterized by comfortable cushion in accruals (Rs.101 cr.) vis-à-vis scheduled repayment obligations (Rs.1.67 cr.) in FY22; supported by above unity current ratio and free cash and cash equivalents of around Rs. 26 crores (including Rs.8 crore of investment in the form of mutual fund) as on March 31, 2022.
From the report
Nevertheless, Gross Cash Accruals (GCA) of the company remained comfortable at Rs.27.87 crore (Rs.28.85 crore in FY19) vis-à-vis debt repayment obligation of Rs.0.29 crore in FY20.
From the report
Liquidity position: Adequate The liquidity position of SEPL remains adequate characterized by fund based utilization of ~71% during the past twelve months ended October 2020 and Gross Cash Accruals of Rs.27.87 crore vis-à-vis debt repayment obligation of Rs.0.29 crore in FY20.
From the report
The free cash and bank balance of SEPL however remained low (~Rs.6.30 crore as on March 31, 2020) with most of the cash/liquid investments either encumbered with banks as margin money or is held with GoI (total amounting to Rs.70.60 crore as on March 31, 2020).
From the report
Nevertheless, Gross Cash Accruals (GCA) of the company remained comfortable at Rs.27.87 crore (Rs.28.85 crore in FY19) vis-à-vis debt repayment obligation of Rs.0.29 crore in FY20.
From the report
The free cash and bank balance of SEPL however remained low (~Rs.6.30 crore as on March 31, 2020) with most of the cash/liquid investments either encumbered with banks as margin money or is held with GoI (total amounting to Rs.70.60 crore as on March 31, 2020).
From the report
Further, the company has not availed moratorium/deferment of its interest servicing under Covid -19 Regulatory Package announced by the Reserve Bank of India. 2 CARE Ratings Limited Press Release Analytical approach: Standalone Applicable Criteria Criteria on assigning Outlook and Credit Watch to Credit Ratings CARE’s Policy on Default Recognition Criteria for short-term Instruments Rating Methodology for Wholesale Trading Financial ratios – Non-Financial Sector Liquidity Analysis of Non-Financial Sector Entities About the Company Supertron Electronics Private Limited (SEPL) promoted by Mr.
From the report
Liquidity position: Adequate The liquidity position of SEPL was satisfactory in the past 12 months marked with average fund based utilization at ~84% during the twelve months ended June 2019.
From the report
Average working capital utilisation was around 76.25% during the period Nov’17- Oct’18.
From the report
ROCE remains satisfactory though it has deteriorated from 17.65x in FY17 to 15.46x in FY18 on account of increase in working capital borrowings owing to extended credit offered to online channel partners Liquidity As on March.31, 2018, the company has maintained cash balance of Rs.75.73 crore (including fixed deposits as margin money of Rs.60.11crore), thus providing some financial flexibility.
From the report
In addition to the above the company had liquid investments to the tune of Rs.7.95crore in FY18.
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 Supertron Electronics Private Limited
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
| Electronics Manufacturing (EMS) · Semiconductors & Electronics | dixoninfo.com | 1993 | Noida, Uttar Pradesh, India | |
| ELECTRONICS MART INDIA LIMITED | Electronics Manufacturing (EMS) · Semiconductors & Electronics | — | — | Hyderabad, Telangana, India |
| Tvs Electronics Limited | Electronics Manufacturing (EMS) · Semiconductors & Electronics | — | — | Chennai, Tamil Nadu, India |
| Salzer Electronics Limited | Electronics Manufacturing (EMS) · Semiconductors & Electronics | — | — | Coimbatore, Tamil Nadu, India |
| VIRTUOSO OPTOELECTRONICS LIMITED | · Business Services | — | — | Nashik, Maharashtra, India |
 MFJ ENTERPRISES (OPC) PRIVATE LIMITED |
Electronics Manufacturing (EMS) · Trading | mfjenterprises.com | — | Telangana, India |
 VALUE PLUS RETAIL PRIVATE LIMITED |
Electronics Manufacturing (EMS) · Trading | valueplusretail.com | 2007 | Noida, Uttar Pradesh, India |
 VIJAY SALES (INDIA) PRIVATE LIMITED |
Outlets operated by Vijay Sales India Limited. | vijaysales.com | — | Mumbai, Maharashtra, India |
 CMC ELECTRONICS PRIVATE LIMITED |
Part of Esterline. | cmcelectronics.ca | — | Tamil Nadu, India |
 Nokia |
Outlets operated by flex. | nokia.com | — | Delhi, India |
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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.