Intimation of Credit Rating from CRISIL Rating Limited as per Regulation 30 of SEBI (LODR), 2015.
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CRISIL Ratings has reaffirmed Rajesh Power Services' long-term rating at 'CRISIL BBB+' and short-term rating at 'CRISIL A2' on total bank loan facilities of Rs.193 crore. Importantly, the outlook on the long-term rating has been revised from 'Stable' to 'Positive', signaling expected further improvement. The revision factors in revenue growth to Rs.313 crore in H1FY25, supported by a healthy order book and improving operating margins. The company's financial risk profile remains strong with networth of Rs.283 crore, very low gearing of 0.05 times, and strong liquidity with cash accruals of Rs.70-80 crore annually against negligible debt obligations.
Positive for shareholders — the outlook upgrade signals CRISIL's confidence in continued business improvement and could open doors to better borrowing terms. Existing investors may see this as validation of the company's strengthening fundamentals.