Nilkamal Limited has informed the Exchange about Credit Rating
NILKAMAL · price
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Awaiting price reaction for this filing.
CARE Ratings has reaffirmed Nilkamal's credit ratings across all instruments. Long-term bank facilities of ₹568.75 crore (enhanced from ₹343.75 crore) and NCDs totaling ₹150 crore retain the 'CARE AA; Stable' rating, while short-term bank facilities of ₹208.21 crore and commercial papers of ₹200 crore retain the 'CARE A1+' rating. The company repaid a ₹50 crore NCD (ISIN: INE310A07012) on March 7, 2025, reducing the outstanding NCD amount from ₹100 crore to ₹50 crore in that tranche. The enhancement in long-term bank facility limit signals improved access to credit, while NCD reduction indicates active liability management.
Reaffirmation of AA/Stable rating reflects continued financial strength and creditworthiness, which is positive for shareholders. The larger bank facility limit and steady ratings suggest the company is in good standing with lenders, though the changes are status-quo on rating quality rather than an upgrade.