Sadhav Shipping credit ratings reaffirmed by CARE Ratings
SADHAV · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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CARE Ratings has reaffirmed Sadhav Shipping's credit ratings. Long-term bank facilities rated CARE BBB- with Stable outlook, amount reduced from 85.42 crore to 77 crore. Short-term bank facilities rated CARE A3 reaffirmed, amount enhanced from 16.58 crore to 25 crore. Total rated facilities stand at 102 crore. Reaffirmation reflects healthy profitability margins, comfortable capital structure with overall gearing at 0.80x in FY26, and a robust orderbook of about 343 crore covering 3.5 times FY26 sales.
Neutral for shareholders; ratings and Stable outlook held steady, though CARE's assessment flags a net loss in FY26 and high customer concentration.