Beardsell Limited has informed the Exchange about Credit Rating
BEARDSELL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
CARE Ratings has upgraded Beardsell Limited's credit ratings across all its facilities. The long-term bank facilities rating moved from CARE BBB-; Positive to CARE BBB; Stable, and the short-term bank facilities rating improved from CARE A3 to CARE A3+. The fixed deposit program also received the same upgrade to CARE BBB; Stable. The upgrade reflects Beardsell's consistent revenue growth from ₹132 crore in FY21 to ₹268 crore in FY25 (13% CAGR), stable operating margins around 8.6%, and improved financial health with overall gearing improving to 0.47x and interest coverage rising to 6.02x. The long-term bank facility amount was also reduced from ₹30.32 crore to ₹29.20 crore. The outlook remains Stable, indicating expected sustained performance in the medium term.
This upgrade signals improved creditworthiness and stronger financial fundamentals, which could lower future borrowing costs for the company. For shareholders, it reflects positively on management's execution and the company's growing business stability.