Manaksia Steels Limited has informed the Exchange about Credit Rating

MANAKSTEEL · price

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

Price reaction · full curve 14 horizons · vs prior close

+2.6%1-day move

₹64.30

prior close

₹65.01

base price

In-mkt

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AI summary

CARE Ratings Limited has reaffirmed the credit ratings for Manaksia Steels Limited's bank facilities. The Long Term Bank Facilities of Rs. 60 crore maintain a CARE A-; Stable rating, while Short Term Bank Facilities of Rs. 440 crore retain a CARE A2+ rating. Total rated facilities stand at Rs. 500 crore across multiple banks including HDFC Bank, Axis Bank, ICICI Bank, IDBI Bank, and Yes Bank. This reaffirmation follows the previous rating action in July 2025, indicating no change in the company's creditworthiness. The ratings reflect CARE's assessment of the company's ability to meet its debt obligations.

Likely market impact

Positive for investors - the reaffirmation of investment-grade ratings (A- and A2+) indicates stable credit health and ability to service debt, which supports investor confidence in the company's financial stability.