Intimation of revision/ reaffirmation of Credit Ratings under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
CEINSYS · price
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CARE Ratings has reaffirmed Ceinsys Tech Ltd's credit ratings while revising the outlook on its long-term bank facilities from Stable to Positive. The long-term rating stands at CARE BBB (facility reduced to Rs 20 crore from Rs 65 crore) and short-term rating reaffirmed at CARE A3 (facility enhanced to Rs 80 crore from Rs 70 crore), totaling Rs 100 crore. The positive outlook reflects strong FY25 performance, with consolidated revenue growing ~65% to Rs 418 crore and PAT rising to Rs 63.24 crore. The company has a robust order book of Rs 1,255 crore (about 3x FY25 revenue), comfortable capital structure with overall gearing of 0.13x, and strong interest coverage of 30.95x. CareEdge also withdrew ratings on some older facilities at the company's request.
The outlook upgrade from Stable to Positive is a positive signal indicating the rating agency expects further improvement in scale and profitability, which could boost investor confidence and potentially lower future borrowing costs. Shareholders should view this as a vote of confidence in the company's financial health and growth trajectory.