CARE Ratings Limited has reaffirmed the rating to Bank facilities of Manaksia Steels Limited

MANAKSTEEL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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+2.6%1-day move

₹64.30

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₹65.01

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AI summary

CARE Ratings Limited has reaffirmed the credit ratings for Manaksia Steels Limited's bank facilities totalling Rs. 500 crore. The long-term bank facilities worth Rs. 60 crore maintain a 'CARE A-; Stable' rating, while short-term facilities of Rs. 440 crore retain 'CARE A2+' rating. Both ratings are investment-grade and indicate moderate-low credit risk. The reaffirmation follows a review based on the company's FY25 operational and financial performance. The ratings were previously reaffirmed in July 2025, showing consistency in the company's credit profile over the past year.

Likely market impact

The reaffirmation with stable outlook signals the company's ability to service its debt obligations remains intact. This is neutral-to-positive for shareholders as it indicates no deterioration in creditworthiness, potentially supporting investor confidence in the steel manufacturer.