Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Acuite Ratings has assigned a fresh long-term rating of BBB- with a Stable outlook and a short-term rating of A3 on Rishi Laser's bank loan facilities totaling Rs. 17 crore. This is a first-time rating assignment (no prior rating history). The rating considers the company's three-decade track record in engineering, experienced promoters, comfortable gearing of 0.56x, and adequate liquidity, but flags modest scale (FY25 revenue of Rs. 150.72 crore), high customer concentration (54% from three clients), and exposure to cyclical construction/infrastructure sectors. The company is undertaking a Rs. 15 crore capex for a seventh plant in Malur, Karnataka, expected to be operational by October 2025.
The BBB- rating is investment grade (lower tier) and the Stable outlook is neutral to mildly positive for shareholders, indicating banks view the company's credit profile as acceptable. This should help Rishi Laser access bank funding at reasonable rates as it expands capacity, though modest scale and customer concentration remain key risks to monitor.