Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Infomerics Valuation and Rating Ltd has assigned a long-term credit rating of IVR BBB- with a Stable outlook to Swarnsarita Jewels India Limited's bank facilities worth Rs. 80 crore (including proposed cash credit limits of Rs. 9.27 crore). This is a fresh rating assignment by Infomerics, with no prior rating history shown for the past three years. The rating considers the company's comfortable capital structure, improving financials (net worth rose to Rs. 127.84 crore in FY25 from Rs. 122.80 crore, gearing improved to 0.68x from 0.88x), and strong promoter experience of about 30 years in gold jewellery. However, it also flags concerns including thin profitability margins (EBITDA margin at just 2%), exposure to gold price volatility, and forex risk on its ~30% export business.
The BBB- rating places Swarnsarita Jewels in the lower investment grade category, indicating moderate credit risk. The Stable outlook and improving interest coverage (from 1.62x to 2.23x) suggest the company is on a stable footing, though the thin margins and commodity exposure remain key risks for shareholders to monitor.