Key Metrics of Val-Met Engineering Private Limited
About Val-Met Engineering Private Limited
Sectors
Company details
Operational Areas of Val-Met 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
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Credit ratings
PositiveUpgraded by ICRA on 11 Sep 2026 (from BBB-)
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 11 Sep 2026 | ICRA | Upgraded (from BBB-) | BBB | A3+ | Stable | ₹164 Cr | View |
| 22 Apr 2026 | ICRA | Watch | BBB- | A3 | — | ₹97.5 Cr | View |
Credit strengths (ICRA, Sep 2026)
+ Experience of promoter and established track record with its customer
The promoter has extensive industry experience of more than a decade, which has enabled the company to build strong relationships with customers and secure repeat orders.
+ Improved net worth following fund infusion from Nuvama Group
In March 2026, VMEPL received Rs. 140 crore from the Nuvama Group through CCPS carrying a coupon rate of 0.001%, with coupon payments accruing over the tenure.
+ Medium scale of operations
Given its established track record with customers, the entity receives repeat orders.
Credit challenges
− Vulnerable to demand trends in end-user segments
The entity’s performance also depends on budgetary allocations by its end customers and the performance of the end-user industries, which is inherent to any nature of industry.
Could lead to an upgrade
The ratings could be upgraded if there is a healthy and sustained improvement in the scale of operations and profitability, accompanied by more efficient working capital management, while maintaining comfortable debt protection metrics and
Could lead to a downgrade
The ratings could be downgraded if sustained pressure on the company’s operating performance or an inability to reduce the working capital cycle adversely affects its
Agency-reported financials (ICRA, 11 Sep 2026)
| Metric | FY2024 | FY2025 |
|---|---|---|
| Operating income | ₹140 Cr | ₹173 Cr |
| PAT | ₹18.10 Cr | ₹27.00 Cr |
| OPBDITA/OI | 20.9% | 25.9% |
| PAT/OI | 13.0% | 15.6% |
| Total outside liabilities/Tangible net worth (times) | 2.00× | 1.70× |
| Total debt/OPBDITA (times) | 2.50× | 2.30× |
| Interest coverage (times) | 8.60× | 7.00× |
| Revenue growth (YoY) | — | 23.6% |
| EBITDA (margin × income) | ₹29.18 Cr | ₹44.70 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹72.95 Cr | ₹103 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹3.39 Cr | ₹6.39 Cr |
Borrowings & rated debt
Rated limits over time
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long term – Fund based | Working capital & bank lines | ₹40.0 Cr | ₹40.0 Cr | 0.0% | BBB (Stable) | Upgraded | ICRA |
| (15.0) | Other | — | ₹0 | — | — | Other | ICRA |
| Rated facility | Other | ₹57.5 Cr | ₹124 Cr | 114.8% | — | Watch | 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) | 24% |
| 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: 52% chance the next rating action is stable or better
- Current rating BBB (investment grade)
- Interest coverage 7×
Rated limits by facility
Timeline
From the report
Assigned for RBI based - Letter of credit enhanced limits Short term - non-fund based - LC/BG/BC (97.5) - - RBI (Sublimit) Total 97.5 163.5 *Instrument details are provided in Annexure I #SEBI’s grievance redressal/dispute resolution and SEBI investor protection mechanisms such as SCORES and ODR shall not be available for activities and instruments which fall under the regulatory purview of Financial Sector Regulators other than SEBI.
From the report
An additional infusion of Rs. 60 crore is expected in the near term.
From the report
Liquidity position: Adequate VMEPL’s liquidity position remains adequate, supported by free cash balance of Rs. 55 crore as on July 31, 2026.
From the report
The company has a sanctioned limit of Rs. 163.5 crore, the utilisation on which has reduced in recent months post the fund infusion.
From the report
The company has a sanctioned limit of Rs. 163.5 crore, the utilisation on which has reduced in recent months post the fund infusion.
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 Val-Met 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 |
| Machine Tools & Industrial Machinery · Construction | sanyexcavator.com | — | Maharashtra, 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 | 1961 | Bangalore, 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 |
 Action Construction Equipment Limited |
Fertilisers, Seeds & Crop Protection · Agriculture & Agri-Inputs | ace-cranes.com | 2009 | Palwal, India |
 AJAX Engineering |
Part of Fiori Group. | ajax-engg.com | 1992 | Bangalore, 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.