Key Metrics of Tractebel Engineering Private Limited
About Tractebel Engineering Private Limited
Sectors
Company details
Operational Areas of Tractebel Engineering 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
Sign in with access to company financials to review vendor evidence.
Credit ratings
PositiveUpgraded by ICRA on 04 Jun 2026
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 04 Jun 2026 | ICRA | Upgraded | A | A2+ | Stable | ₹134 Cr | View |
Credit strengths (ICRA, Jun 2026)
+ Established track record in engineering consultancy space along with strong parentage
TEPL has an established track record of providing engineering consultancy services in energy, water, and urban development-related projects in India and abroad for more than two decades.
+ Nonetheless, the erstwhile parent
Tractebel Engineering S.A. – is a prominent global engineering and consulting organisation and continues to demonstrate a track record of extending technical and financial support (continuation of corporate guarantee for now) to its bank facilities.
+ Diversified and reputed client base
The customer base is diversified with the top 10 clients contributing to ~55% and ~49% of TEPL’s revenues in FY2025 and H1 FY2026, respectively.
+ Comfortable order book provides medium-term revenue visibility; timely execution remains crucial
The order flow remained healthy over the years with an outstanding order book of ~Rs. 341 crore as on March 31, 2026; providing medium- term revenue visibility.
Credit challenges
− Competitive pressures from established local, multinational and boutique firms constrain margins
Although the operating income has grown at a healthy rate over last few periods, the company’s scale remains moderate compared to its peers in the highly competitive engineering consultancy industry, where it has limited control over pricing, as most projects are awarded through tender-based mechanisms.
− Challenges in attracting and retaining quality manpower
The company’s ability to retain talent remains crucial for maintaining its competitive position, as most projects are awarded based on the technical expertise of key personnel and its track record of execution.
− Working capital-intensive nature of operations
The operations remain working-capital intensive, with NWC/OI at 43.5% in FY2025 and debtor days at ~126, largely driven by exposure to public sector projects.
Could lead to an upgrade
ICRA may upgrade the ratings if the company shows sustained improvement in scale, supported by healthy order inflows and execution while maintaining healthy profitability.
Could lead to a downgrade
Pressure on TEPL’s ratings could arise if there is pressure on
Agency-reported financials (ICRA, 04 Jun 2026)
| Metric | FY2024 | FY2025 |
|---|---|---|
| Operating income | ₹183 Cr | ₹207 Cr |
| PAT | ₹2.90 Cr | ₹11.70 Cr |
| OPBDITA/OI | 3.1% | 7.0% |
| PAT/OI | 1.6% | 5.7% |
| Total outside liabilities/Tangible net worth (times) | 1.10× | 1.10× |
| Total debt/OPBDITA (times) | 0.00× | 0.60× |
| Interest coverage (times) | 3.10× | 20.30× |
| Revenue growth (YoY) | — | 13.3% |
| EBITDA (margin × income) | ₹5.67 Cr | ₹14.50 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹0.00 Cr | ₹8.70 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹1.83 Cr | ₹0.71 Cr |
Borrowings & rated debt
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Rated facility | Other | ₹134 Cr | ₹134 Cr | 0.0% | A- / A2+ (Stable) | Other | ICRA |
Credit assessment · Manufacturing
Rating Methodology – Manufacturing Companies (Mar 2025) · 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) | 36% |
| 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: 36% chance the next rating action is stable or better
- Current rating A (investment grade)
- Interest coverage 20.3×
Rated limits by facility
Timeline
From the report
However, the working capital profile ha s improved steadily in past few years, supported by higher customer advances and moderation in debtor days, resulting in NWC/OI moderating to ~4 3.5% in FY2025 from ~60% in FY2020. www.icra.in Sensitivity Label : Public Page |2 Liquidity position: Adequate TEPL’s liquidity position is Adequate with cash and cash equivalents of ~Rs. 5.52 crore as on March 31, 2026, supported by undrawn working capital limits of Rs. 70.5 crore as on 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.
Competitors of Tractebel Engineering 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 |
| IL&FS ENGINEERING AND CONSTRUCTION COMPANY LIMITED | · Construction | — | — | Hyderabad, Telangana, India |
| SALASAR TECHNO ENGINEERING LIMITED | Machine Tools & Industrial Machinery · Heavy Engineering & Capital Goods | — | — | Hapur, Uttar Pradesh, India |
| PRABHA AUTOMOTIVE ENGINEERS LIMITED | Machine Tools & Industrial Machinery · Heavy Engineering & Capital Goods | — | — | Tamil Nadu, 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.