Key Metrics of Versatile Engineers
About Versatile Engineers
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
WatchLiquidity assessed as Stretched
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 06 Oct 2026 | ICRA | Reaffirmed | B+ | — | Stable | ₹12.5 Cr | View |
Credit strengths (ICRA, Oct 2026)
+ Established track record of partners in auto components industry
VE, the flagship machining entity of the Kolhapur-based Versatile Group, has been engaged in machining auto components since 1969.
+ Reputed client profile
VE supplies machined components to leading OEMs and Tier-I suppliers including Mahindra & Mahindra Limited, Carraro India Limited, Comer Industries SpA, Comer Industries India Private Limited and CNH Industrial.
Credit challenges
− Modest financial risk profile
VE's financial risk profile remains modest, characterised by its moderate scale of operations, modest profitability, moderate leverage and weak debt coverage indicators.
− Exposed to inherent cyclicality in agriculture and automotive industries
The firm derives 45-50% of its revenues from tractor components, while the balance is generated from construction equipment, industrial machinery and automotive applications.
− Risks associated with partnership constitution
Given VE’s constitution as a partnership firm, it is exposed to inherent risks, including the possibility of capital withdrawal by the partners and the risk of dissolution of the firm upon death, retiremen t or insolvency of the partners.
Could lead to an upgrade
ICRA could upgrade the rating if there is an increase in revenue and profitability, strengthening VE’s
Could lead to a downgrade
Pressure on the rating could arise if there is a sustained decline in earnings of the firm or a significant capital withdrawal by the partners, materially affecting VE’s
Agency-reported financials (ICRA, 06 Oct 2026)
| Metric | FY2025 | FY2026 |
|---|---|---|
| Operating income | ₹85.90 Cr | ₹90.30 Cr |
| PAT | ₹0.40 Cr | ₹0.80 Cr |
| OPBDIT/OI | 4.0% | 4.9% |
| PAT/OI | 0.5% | 0.8% |
| Total outside liabilities/Tangible net worth (times) | 3.00× | 3.20× |
| Total debt/OPBDIT (times) | 6.40× | 5.50× |
| Interest coverage (times) | 1.50× | 1.70× |
| Revenue growth (YoY) | — | 5.1% |
| EBITDA (margin × income) | ₹3.44 Cr | ₹4.42 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹22.02 Cr | ₹24.31 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹2.29 Cr | ₹2.60 Cr |
Borrowings & rated debt
Facility mix
Maturity ladder
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long-term – Fund-based – Term Loan Long-term – Fund-based – Cash | Term loans | ₹1.50 Cr | ₹1.50 Cr | 0.0% | B+ (Stable) | Reaffirmed | ICRA |
| Credit | Other | ₹11.0 Cr | ₹11.0 Cr | 0.0% | B+ (Stable) | Reaffirmed | ICRA |
Debt instruments
| ISIN | Instrument | Type | Coupon | Issued | Maturity | Amount | Rating | Status |
|---|---|---|---|---|---|---|---|---|
| — | FY | Term loans | — | — | 31 Mar 2028 | ₹1.50 Cr | B+ | 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) | 35% |
| Information on file | 44% · missing: 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: 32% chance the next rating action is stable or better
- Current rating B+ (below investment grade)
- Interest coverage 1.7×
- Working-capital limits 94% utilised on average
Rated limits by facility
Timeline
From the report
Liquidity position: Stretched VE's liquidity position remains stretched, characterised by modest cash and bank balances of Rs. 0.1 crore as on March 31, 2026, and high dependence on working capital borrowings.
From the report
The average utilisation of working capital limits remained high at around 94% during the 12 months ending in June 2026, resulting in a negligible cushion in sanctioned limits.
From the report
The average utilisation of working capital limits remained high at around 94% during the 12 months ending in June 2026, resulting in a negligible cushion in sanctioned limits.
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.