Credit Ratings from Infomerics Valuation and Rating Limited
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Awaiting price reaction for this filing.
Samrat Forgings Limited has received initial credit ratings from Infomerics Valuation and Rating Limited for bank facilities totaling Rs. 90.60 crore, all held with Jammu & Kashmir Bank. Long-term facilities of Rs. 76.60 crore were assigned IVR BBB-/Stable (indicating moderate credit risk with stable outlook), while short-term facilities of Rs. 14 crore received IVR A3 (moderate safety, higher credit risk). The rated facilities include six term loans (maturing between 2027 and 2033), bill discounting limits of Rs. 1.50 crore, bank guarantees of Rs. 3 crore, and inland letters of credit of Rs. 10 crore. This is a fresh rating assignment valid until September 29, 2026, and not a revision of any prior rating.
This is the company's first formal credit rating, establishing a baseline assessment of moderate creditworthiness. Investors and lenders now have a reference point for the company's debt-servicing capability. The Stable outlook and investment-grade BBB- rating suggest no immediate cause for concern, though it also signals the company carries a moderate—not low—credit risk profile.