Ptc Industries Limited has informed the Exchange about Credit Rating
PTCIL · price
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ICRA has upgraded PTC Industries' credit ratings across all bank facilities. The long-term fund-based limits were raised from [ICRA]A-(Stable) to [ICRA]A(Stable), and short-term non-fund-based limits moved from [ICRA]A2+ to [ICRA]A1. Total rated bank facilities have more than doubled, from Rs. 175 crore to Rs. 355 crore. The upgrade reflects the company's expected revenue growth (FY2025 revenue of Rs. 308.1 crore projected to more than double by FY2027), driven by new titanium and superalloy capacities at subsidiary Aerolloy Technologies, and strong order visibility from aerospace, defence and space propulsion customers including Rolls-Royce Marine, Dassault Aviation, HAL and Blue Origin. The company has a planned capex of Rs. 500 crore over FY2026-FY2028, supported by a strong liquidity position of Rs. 298.1 crore in cash and liquid investments.
This is a positive signal for shareholders — a credit rating upgrade improves PTC Industries' borrowing profile and lowers future debt costs, while the doubling of rated limits (from Rs. 175 crore to Rs. 355 crore) gives the company greater financial headroom to fund its growth and capex plans. The stable outlook suggests confidence in sustained performance.