MMP Industries Limited has informed the Exchange about Credit Rating
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Crisil Ratings has restored MMP Industries Limited's credit rating from 'Issuer Not Cooperating' status to full ratings of Crisil BBB+/Stable (long term) and Crisil A2 (short term). The company had previously been marked as non-cooperating due to inadequate information sharing with the rating agency. Following management's provision of necessary information, the ratings have been fully migrated. Total bank loan facilities rated have been enhanced from Rs. 80 crore to Rs. 135 crore. The rating reflects the company's established market position in aluminium powder products, healthy financial risk profile with networth of Rs. 323 crore, and efficient working capital management. Operating income grew approximately 20% year-on-year in fiscal 2026 to around Rs. 830 crore.
Positive for shareholders - the restoration of full credit ratings and enhanced borrowing capacity signals improved corporate governance and financial transparency. The company maintains investment-grade ratings with a stable outlook, indicating sound financial health.