CARE Ratings reaffirms bank facility ratings for Chavda Infra at BBB-/Stable
CHAVDA · price
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CARE Ratings reaffirmed ratings on Chavda Infra bank facilities worth Rs 105.43 crore at CARE BBB-; Stable / CARE A3. FY26 operating income rose 23 percent to Rs 320.63 crore from Rs 261.42 crore. Order book stood at Rs 814.07 crore (2.54x FY26 revenue). Overall gearing improved to 0.63x from 1.47x. Long term facilities reduced from Rs 62.86 to Rs 59.28 crore; combined long/short term enhanced from Rs 40.70 to Rs 44.28 crore.
Stable ratings with 23 percent revenue growth, 2.5x order book cover and improved gearing from 1.47x to 0.63x are positive signals for credit profile.