Intimation regarding Credit Rating assigned to the Company
GANESHCP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
CARE Ratings has upgraded Ganesh Consumer Products' credit rating from CARE BB; Stable (Issuer Not Cooperating) to CARE A+; Stable/CARE A1+. The company was previously placed in the 'Issuer Not Cooperating' category due to insufficient information but has now submitted required details. Key facilities include ₹208 crore long-term/short-term bank facilities (newly assigned as CARE A+; Stable/CARE A1+) and ₹5 crore long-term bank facilities (upgraded from CARE BB). Several older facilities were fully repaid and withdrawn. The upgrade reflects comfortable capital structure, debt reduction through IPO equity infusion in September 2025, strong liquidity, and satisfactory financial performance with TOI of ₹850.46 crore in FY25 and improved PBILDT margin of 8.61%.
Positive development for shareholders - the upgrade to investment-grade rating (A+) signals improved creditworthiness and may lower borrowing costs. The company has also successfully reduced debt through IPO proceeds.