Key Metrics of Swami Feeds Private Limited
About Swami Feeds Private Limited
Company details
- Registered office
- Sf No. 324/2c, Nathapalayam, Mulanur, Dharmapuri, In-tn, 638106
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
PositiveUpgraded by ICRA on 07 Oct 2026
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 07 Oct 2026 | ICRA | Upgraded | BBB | A3+ | Stable | ₹210 Cr | View |
Credit strengths (ICRA, Oct 2026)
+ Established operational and financial track record
Incorporated in 1997, the Swami Group is an integrated poultry player with presence across the value chain.
+ Long experience of the promoters in the poultry business
The Swami Group was established by Mr. P. Muthusamy (Managing Director).
+ Integrated nature of operations
The Swami Group has an integrated nature of operations across various stages of poultry value chain, including manufacturing of poultry feed, breeder farming, hatchery, broiler farming (through contract farming), and chicken processing.
Credit challenges
− Large debt-funded capital expenditure coupled with loan repayments impacts credit metrics
The Group has undertaken large debt-funded capital expenditure of around Rs. 200 crore over the last three fiscals towards increasing its scale of operations, backward integration and processing facilities.
− Exposed to geographical concentration risk
The Group derived around 90% of its operating income from Tamil Nadu in FY2026.
− Margins susceptible to broiler realisations and raw material price fluctuations
The Swami Group’s susceptibility to volatile broiler realisations and key raw material prices due to demand supply and agro-climatic conditions, including maize, soya de-oiled cake and day-old chicks, can impact profitability.
Could lead to an upgrade
ICRA could upgrade the rating if there is a sustained and significant improvement in the company’s scale of operations and earnings through capacity expansion, while maintaining a comfortable
Could lead to a downgrade
ICRA could downgrade the rating if there is a significant deterioration in earnings or any large debt-funded capital expenditure undertaken by the Group that exerts pressure on its
Agency-reported financials (ICRA, 07 Oct 2026)
| Metric | FY2025 | FY2026 |
|---|---|---|
| Operating income | ₹1,106 Cr | ₹1,312 Cr |
| PAT | ₹38.50 Cr | ₹58.00 Cr |
| OPBDITA/OI | 7.5% | 7.8% |
| PAT/OI | 3.5% | 4.4% |
| Total outside liabilities/Tangible net worth (times) | 1.40× | 1.20× |
| Total debt/OPBDITA (times) | 2.70× | 2.80× |
| Interest coverage (times) | 5.70× | 6.20× |
| Revenue growth (YoY) | — | 18.7% |
| EBITDA (margin × income) | ₹82.94 Cr | ₹102 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹224 Cr | ₹287 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹14.55 Cr | ₹16.51 Cr |
Borrowings & rated debt
Facility mix
Maturity ladder
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long-term Cash Credit | Working capital & bank lines | ₹130 Cr | ₹155 Cr | 19.2% | BBB (Stable) | Upgraded | ICRA |
| to Long-term Term Loan | Term loans | ₹77.1 Cr | ₹41.6 Cr | −46.0% | BBB (Stable) | Upgraded | ICRA |
| to Short-term Unallocated Limits | Working capital & bank lines | ₹8.93 Cr | ₹13.4 Cr | 50.1% | A3+ | Upgraded | ICRA |
Debt instruments
| ISIN | Instrument | Type | Coupon | Issued | Maturity | Amount | Rating | Status |
|---|---|---|---|---|---|---|---|---|
| — | Term Loans FY FY | Term loans | — | 31 Mar 2024 | 31 Mar 2028 | ₹8.00 Cr | BBB | Outstanding |
| — | Term Loans FY FY | Term loans | — | 31 Mar 2024 | 31 Mar 2028 | ₹1.50 Cr | BBB | Outstanding |
| — | Term Loans FY FY | Term loans | — | 31 Mar 2026 | 31 Mar 2034 | ₹25.0 Cr | BBB | Outstanding |
| — | Term Loans FY FY | Term loans | — | 31 Mar 2026 | 31 Mar 2039 | ₹7.10 Cr | BBB | Outstanding |
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: Annual results history (3+ years), 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: 48% chance the next rating action is stable or better
- Current rating BBB (investment grade)
- Interest coverage 6.2×
- Working-capital limits 88% utilised on average
- ₹13.4 cr of rated limits not yet tied to a lender
Rated limits by facility
Timeline
From the report
While free cash and liquid investments are minimal, the company’s cash flow from operations stood at around Rs. 16 crore in FY2026 and expected to improve going forward.
From the report
Apart from this, the Swami Group’s liquidity is supported by undrawn working capital limits of Rs. 4.0 crore as of March 31, 2026 against the sanctioned limits of Rs. 170 crore with average working capital utilisation stood at around 88% over the last twelve months.
From the report
Apart from this, the Swami Group’s liquidity is supported by undrawn working capital limits of Rs. 4.0 crore as of March 31, 2026 against the sanctioned limits of Rs. 170 crore with average working capital utilisation stood at around 88% over the last twelve months.
From the report
Against these sources of funds, the entity has a term loan repayment obligation of around Rs. 28.9 crore in FY2027 and around Rs. 30.0 crore in FY2028, which is expected to be serviced comfortably.
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.