ORIENT CERATECH LIMITED has informed the Exchange about Credit Rating- Revision
ORIENTCER · price
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CareEdge Ratings has reaffirmed Orient Ceratech Limited's credit ratings after a review based on 9MFY26 performance. Long-term bank facilities of Rs.65.12 crore are reaffirmed at CARE BBB+ with Stable outlook, and short-term bank facilities of Rs.14.40 crore at CARE A2. The ratings consider about 25% year-on-year revenue growth in 9MFY26, PBILDT margin sustained above 10%, and comfortable debt metrics with overall gearing at 0.27x and interest coverage improving to 8.10x. The earlier long-term rating of CARE A-;Negative has been upgraded to BBB+;Stable, reflecting improved credit quality. Liquidity is adequate with average fund-based limit utilisation at only 23% of sanctioned limits, providing a healthy buffer. The stable outlook indicates the agency expects the company to maintain its adequate financial risk profile.
Reaffirmation of investment-grade BBB+ rating with stable outlook is a positive signal for shareholders, indicating sustained financial stability and operational strength. This supports continued lender confidence and helps keep borrowing costs favourable.