Intimation of Credit Rating under Regulation 30 of SEBI (LODR) Regulations 2015.
GRAVITA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
India Ratings and Research has affirmed Gravita India Limited's bank loan facilities rating at 'IND AA-'/Stable/'IND A1+' for INR 150 crore (INR 1,500 million). The rating reflects the company's strong business profile with global presence, diversified operations across lead, aluminium, plastics, rubber, copper and lithium segments, and comfortable credit metrics. Consolidated FY26 revenue grew about 10% yoy to INR 42,653 million with EBITDA margin improving to 10.2%. Net leverage stands at 0.35x with interest coverage at 17.55x. The company incurred debt prepayments during FY25-FY26 and has enhanced its bank loan limits to INR 10 billion. Key risks include high customer concentration (top customer accounts for 20-30% of revenue) and product concentration towards lead (88% of revenue).
The reaffirmation of investment-grade rating with stable outlook indicates a financially healthy company with strong credit profile. Shareholders can view this positively as it signals continued lender confidence in Gravita's ability to meet obligations and maintain stable operations.