Key Metrics of Uno Feeds
About Uno Feeds
Company details
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
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 18 Mar 2026 | ICRA | Reaffirmed | BB+ | — | Stable | ₹15.0 Cr | View |
Credit strengths (ICRA, Mar 2026)
+ Extensive track record of the Group
The Group has extensive experience in the fish feed business, which enabled it to build strong customer and supplier bases.
+ Favourable location of manufacturing units
The Group’s manufacturing units are in Bhimavaram, a major aquaculture belt of Andhra Pradesh, providing regular and easy access to raw materials at lower transportation costs.
+ Comfortable debt coverage indicators
Supported by steady earnings and low reliance on working capital borrowings, the key debt coverage indicators remained healthy with an interest coverage of 4.9 times and Total Debt/OPBDITA of 0.6 times as on March 31, 2025.
Credit challenges
− Highly fragmented industry due to low entry barriers limits revenue and profitability
The Group faces stiff competition from other unorganised players in the absence of entry barriers, which limits its revenue growth as well as its pricing flexibility and bargaining power with customers, putting pressure on its revenues and margins.The revenue in FY2025 fell by 23.2% on account of competitive prices of extruded fish feed compared to farm feed.
− Inherent risks in seafood industry
The Group is exposed to agro-climatic risks, wherein natural calamities such as floods and cyclones during the culture season can have serious impact on the prospects of successful culture.
− Exposure of the Group’s profitability to changes in key raw material prices
The Group is exposed to the risk of fluctuations in the availability and prices of raw materials owing to its dependence on agricultural products.
− Risks inherent in partnership firm s
Given both the Group entities ’ constitution as partnership firms, the Group is exposed to specific risks like the possibility of capital withdrawal by the partners, as witnessed in the past few years, and the risk of dissolution.
Could lead to an upgrade
The rating could be upgraded if there is a significant increase in the Group’s earnings while maintaining comfortable
Could lead to a downgrade
Pressure on the rating could arise if there is a sharp decline in the Group’s revenue and earnings and/or any sizable capital withdrawal or large debt -funded capex leading to moderation in debt protection metrics and
Agency-reported financials (ICRA, 18 Mar 2026)
| Metric | FY2024 | FY2025 | FY2024 | FY2025 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Operating income | ₹350 Cr | ₹269 Cr | ₹197 Cr | ₹161 Cr | ₹153 Cr | ₹108 Cr |
| PAT | ₹14.60 Cr | ₹12.10 Cr | ₹8.20 Cr | ₹7.40 Cr | ₹6.40 Cr | ₹4.70 Cr |
| OPBDIT/OI | 8.8% | 9.7% | 8.9% | 9.7% | 8.6% | 9.6% |
| PAT/OI | 4.2% | 4.5% | 4.2% | 4.6% | 4.2% | 4.4% |
| Total outside liabilities/Tangible net worth (times) | 0.50× | 0.60× | 1.00× | 1.20× | 0.10× | 0.10× |
| Total debt/OPBDIT (times) | 0.90× | 0.60× | 1.40× | 0.90× | 0.20× | 0.00× |
| Interest coverage (times) | 5.10× | 4.90× | 4.60× | 4.70× | 6.00× | 5.30× |
| Revenue growth (YoY) | — | −23.3% | −26.7% | −18.2% | −4.8% | −29.7% |
| EBITDA (margin × income) | ₹30.84 Cr | ₹26.08 Cr | ₹17.53 Cr | ₹15.64 Cr | ₹13.19 Cr | ₹10.35 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹27.76 Cr | ₹15.65 Cr | ₹24.54 Cr | ₹14.08 Cr | ₹2.64 Cr | ₹0.00 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹6.05 Cr | ₹5.32 Cr | ₹3.81 Cr | ₹3.33 Cr | ₹2.20 Cr | ₹1.95 Cr |
Borrowings & rated debt
Facility mix
Maturity ladder
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long-term – Fund-based – Cash credit | Working capital & bank lines | ₹11.0 Cr | ₹11.0 Cr | 0.0% | BB+ (Stable) | Reaffirmed | ICRA |
| Long-term-Fund-based-Term loan | Term loans | ₹0 | ₹4.00 Cr | — | BB+ (Stable) | Reaffirmed | ICRA |
Debt instruments
| ISIN | Instrument | Type | Coupon | Issued | Maturity | Amount | Rating | Status |
|---|---|---|---|---|---|---|---|---|
| — | Term Loan FY FY | Term loans | — | 31 Mar 2026 | 31 Mar 2034 | ₹4.00 Cr | BB+ | Outstanding |
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) | 53% |
| 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: 50% chance the next rating action is stable or better
- Current rating BB+ (below investment grade)
- Interest coverage 5.3×
- Working-capital limits 5.2% utilised on average
Rated limits by facility
Timeline
From the report
The Group’s average utilisation of working capital limits stood at 5.2% of its sanctioned limit of Rs. 26 crore during the last 12 months ending in February 2026.
From the report
The Group’s average utilisation of working capital limits stood at 5.2% of its sanctioned limit of Rs. 26 crore during the last 12 months ending in February 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.
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.