Manaksia Coated Metals & Industries Limited has informed the Exchange regarding a press release dated September 22, 2025, titled "Manaksia Coated Metals & Industries External Credit Rating Upgraded by Acuité".
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Acuité Ratings & Research has upgraded the company's credit ratings. The long-term rating moved from A(-) to A, and the short-term rating improved from A2 to A1. Acuité cited the company's strong financial profile, healthy balance sheet, consistent performance, and prudent financial management as reasons. The company also outlined future growth plans, including an Aluminium-Zinc technology upgrade, capacity expansion to 180,000 MTPA, a 7.0 MWp captive solar project, and commissioning of Color Coating Line 2 in Q4 FY26. In FY25, the company posted consolidated total income of ₹789.66 Cr, EBITDA of ₹63.01 Cr, and net profit of ₹15.39 Cr.
A higher credit rating lowers the company's borrowing costs, improves access to funding, and signals financial strength to investors. This is a positive development that may support the stock's sentiment and ease the cost of funding for its expansion plans.