Key Metrics of Venkatesh Electricals
About Venkatesh Electricals
Sectors
Company details
Operational Areas of Venkatesh Electricals
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
WatchLiquidity assessed as Stretched
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | ICRA | Assigned | B+ | — | Stable | — | View |
Credit strengths (ICRA, Oct 2026)
+ Extensive experience of proprietor
VE’s promoters have more than athree decades of experience in executing electrical EPC works across power transmission and distributionand allied infrastructure works, including substations and transmission and distribution lines, highway electrical and lighting systems, and related electromechanical works.
+ Established relationships with its key customers
The entity has established relationships with its key customers, which have translated into repeat orders over the years.
Credit challenges
− Small scale of operations and modest net worth
VE’s scale of operations remains small with revenues of around Rs. 19 crore in FY2026.
− Financial profile to moderate due to ongoing debt-funded capex
VE’s financial risk profile is expected to moderate over the near term amid sizeable debt-funded capital expenditure for its solar power projects.
Could lead to an upgrade
The rating could be upgraded, if there is a sustained increase in the company’s revenue and earnings, leading to strengthening of net worth along with improvement in
Could lead to a downgrade
Pressure on the rating could arise, if there is a material decline in the company’s revenues and/or earnings or any elongation of working capital cycle or higher-than-anticipated debt-funded capex or sizeable profit withdrawals resulting in moderation in the debt coverage indicators and
Agency-reported financials (ICRA, 23 Oct 2026)
| Metric | FY2025 | FY2026 |
|---|---|---|
| Operating income | ₹20.00 Cr | ₹19.00 Cr |
| PAT | ₹0.80 Cr | ₹0.70 Cr |
| OPBDIT/OI | 11.4% | 16.4% |
| PAT/OI | 4.2% | 3.6% |
| Total outside liabilities/Tangible net worth (times) | 1.60× | 2.40× |
| Total debt/OPBDIT (times) | 4.30× | 5.20× |
| Interest coverage (times) | 2.80× | 4.40× |
| Revenue growth (YoY) | — | −5.0% |
| EBITDA (margin × income) | ₹2.28 Cr | ₹3.12 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹9.80 Cr | ₹16.22 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹0.81 Cr | ₹0.71 Cr |
Borrowings & rated debt
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) | 44% |
| Information on file | 67% · missing: Annual results history (3+ years), Auditor details, Shareholding pattern |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 44% chance the next rating action is stable or better
- Current rating B+ (below investment grade)
- Interest coverage 4.4×
- Working-capital limits 79% utilised on average
Rated limits by facility
Timeline
From the report
It is also planning to set up an additional 8-MW capacity, comprising 3-MW and 5-MW separate projects, at a total estimated cost of around Rs. 28 crore.
From the report
The entity has fund-based working capital limits of Rs. 13 crore with an average utilisation of around 79% over the past 12 months ending in August 2026.
From the report
The entity is projected to generate net cash accruals of Rs. 0.5 - 1.5 crore in FY2027, against repayment obligations of Rs. 1.7 crore in FY2027.
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 Venkatesh Electricals
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
| Capital Goods & Power Equipment · Heavy Engineering & Capital Goods | bhel.com | — | India | |
 POLYCAB INDIA LIMITED |
Wires & Cables · Electrical Equipment & Appliances | polycab.com | — | Halol, Gujarat, India |
| Electrical Equipment, Switches & Cables · Electrical Equipment & Appliances | kei-ind.com | — | New Delhi, India | |
 Crompton Greaves Consumer Electricals |
Electrical Equipment, Switches & Cables · Electrical Equipment & Appliances | crompton.co.in | — | Mumbai, India |
| Pipes & Tubes · Steel, Metals & Pipes | surya.co.in | — | Bahadurgarh, India | |
 Bajaj Electricals |
Electrical Equipment, Switches & Cables · Electrical Equipment & Appliances | bajajelectricals.com | 1938 | Mumbai, India |
 Finolex Cables |
Electrical Equipment, Switches & Cables · Electrical Equipment & Appliances | finolex.com | — | Pune, India |
| Wires & Cables · Electrical Equipment & Appliances | vguard.in | 1977 | India | |
| India Nippon Electricals Limited | Electrical Equipment, Switches & Cables · Electrical Equipment & Appliances | — | — | Chennai, Tamil Nadu, India |
| WONDER ELECTRICALS LIMITED | · Manufacturing (Machinery and Equipments) | — | — | New Delhi, Delhi, 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.