Update on the Credit rating of the company.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
CARE Ratings Limited has reviewed and reaffirmed Sayaji Industries' credit ratings on both its Fixed Deposit programme and bank facilities, with the outlook remaining Negative. The company maintains ratings of CARE BBB-/A3 across its fixed deposit (Rs. 40 crore), long-term bank facilities (Rs. 67.86 crore), long-term/short-term bank facilities (Rs. 100 crore), and short-term bank facilities (Rs. 23.50 crore). Notably, bank facility limits were enhanced across categories — long-term limits rose from Rs. 65.59 crore to Rs. 67.86 crore, the combined long-term/short-term facility increased from Rs. 90 crore to Rs. 100 crore, and short-term limits more than tripled from Rs. 7.50 crore to Rs. 23.50 crore. Total rated facilities now stand at Rs. 191.36 crore.
While the rating reaffirmation is neutral, the continued Negative outlook signals that CARE sees risks to the company's credit profile that could lead to a downgrade in the next review. On the positive side, banks have expanded working capital and term loan limits, indicating continued lender confidence in the business.