CRISIL Reaffirms Credit Rating at BBB+/Stable and A2 for Menon Bearings
MENONBE · price
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CRISIL has reaffirmed Menon Bearings' credit ratings at BBB+/Stable (long-term) and A2 (short-term) on bank loan facilities of Rs. 20.96 crore. The ratings reflect MBL's strong 30+ year market position in bearings, healthy operating margins (18-20%), and comfortable financial risk profile. Revenue grew to Rs. 241 cr in FY25 from Rs. 141 cr in FY21, with FY26 estimated to grow over 20%. Key risks: 80-90% revenue concentration in the cyclical auto sector and exposure to raw material/forex volatility.
Rating reaffirmation signals stable credit profile with no change in borrowing terms. Neutral-to-slightly-positive for shareholder sentiment and lender confidence.