Ganesh Consumer Products Limited has informed the Exchange about Credit Rating
GANESHCP · price
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Ganesh Consumer Products Limited (formerly Ganesh Grains Limited) received a significant credit rating upgrade from CARE Ratings. The long-term rating was upgraded from CARE BB; Stable (Issuer Not Cooperating category) to CARE A+; Stable, while short-term rating was assigned CARE A1+. The upgrade follows the company's submission of required information after previously failing to cooperate. Long-term bank facilities were reduced to ₹5 crore from ₹23 crore, while new long-term/short-term working capital limits of ₹208 crore were assigned at the upgraded rating. Several facilities were fully repaid and withdrawn. The rating reflects comfortable capital structure, improved debt coverage metrics (gearing at 0.32x, interest coverage at 11.46x), and strong liquidity supported by an IPO in September 2025 that reduced total debt. Revenue grew to ₹850.46 crore in FY25 with 12% CAGR over five years, and PBILDT margin improved to 8.61%.
The rating upgrade from speculative grade (BB) to investment grade (A+) is strongly positive for shareholders, indicating improved financial health and reduced credit risk. The company has moved out of the non-cooperating category, enhancing investor confidence. Full debt repayment and reduced working capital utilization signal strong liquidity management.