As per the exchange email dated 11th December 2025, we are resubmitting the disclosure under Regulation 30 (LODR) regarding the intimation of Credit rating.
MARSONS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Brickwork Ratings has assigned a first-time credit rating to Marsons Ltd for its bank facilities of Rs. 35 Crores with ICICI Bank. The company received BWR BBB+/Stable for long-term facilities (Rs. 5 Cr fund-based and Rs. 30 Cr non-fund-based) and BWR A2 for the short-term non-fund-based sub-limit of Rs. 10 Crores. The rating rationale highlights a major turnaround in financial performance, with revenue jumping from Rs. 6.46 Cr in FY24 to Rs. 168.36 Cr in FY25, PAT rising to Rs. 28.02 Cr, and Total Debt/TNW improving sharply from 0.63x to 0.02x. The company, a 40-plus-year-old transformer manufacturer based in Kolkata, has an order book of approximately Rs. 294 Crores and is the only manufacturer in Eastern India capable of producing 132 kV class transformers. The filing was delayed by a few days due to a short circuit and complete power failure at the company's office on December 5, 2025.
The investment-grade BBB+ rating with stable outlook reflects strong financial health and should support Marsons' borrowing capacity and bank relationships. The first-time rating, backed by robust debt-servicing metrics and healthy liquidity, is a positive signal for existing and prospective lenders.