Press Release/ Media Release
ACSTECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
ACS Technologies Ltd received its first credit rating from Infomerics, assigned IVR BBB-/Stable for long-term bank facilities of ₹57 crore and IVR A3 for short-term facilities of ₹43 crore, totaling ₹100 crore in rated bank facilities. The rating reflects the company's strong revenue growth of about 54% in FY25 to Rs. 126.58 crore, a robust unexecuted order book of Rs. 539.86 crore (4.26x of FY25 revenue), experienced promoters with nearly three decades in the industry, and a comfortable capital structure with overall gearing of 0.48x. Concerns include modest scale of operations, declining profitability (EBITDA margin dropped from 13.12% to 8.10% as the company took lower-margin private sector orders), intense IT sector competition, and working capital intensity, though the operating cycle improved from 262 days to 170 days.
This initial rating provides third-party validation of the company's credit profile and should support smoother access to bank funding at competitive rates. The stable outlook signals expected steady performance, but the modest scale and margin compression are points investors should track closely.