Sambhv Steel Tubes Limited has informed the Exchange about Credit Rating
SAMBHV · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
CARE Ratings has reaffirmed Sambhv Steel Tubes' credit ratings: CARE A (Stable) on long-term bank facilities of ₹272 crore (reduced from ₹648.56 crore), CARE A; Stable / CARE A1 on ₹20 crore long-term/short-term facilities, and CARE A1 on short-term facilities of ₹271.44 crore (enhanced from ₹196.44 crore). The reaffirmation is supported by the company's revenue growth from ₹1,286 crore (FY24) to ₹1,512 crore (FY25) and a strong Q1 FY26 with 69% YoY revenue growth to ₹558.63 crore. The ₹440 crore raised through the July 2025 IPO was used to prepay term debt, bringing it down from ₹414.18 crore (March 2024) to ₹40 crore (July 2025), and overall gearing is expected to fall below 0.20x by March 2026. A stable outlook reflects confidence in sustained growth and improving financial risk profile.
Positive signal for shareholders — rating reaffirmation with stable outlook indicates continued creditworthiness, while the major debt reduction post-IPO (term debt down ~90%) significantly strengthens the balance sheet and reduces financial risk.