Universal Cables Limited has informed the Exchange about Credit Rating
UNIVCABLES · price
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CARE Ratings has reaffirmed the credit ratings for Universal Cables Limited's bank facilities, maintaining 'CARE A; Stable' for long-term facilities of Rs. 1,205 crore (enhanced from Rs. 1,079 crore), 'CARE A; Stable / CARE A1' for long-term/short-term facilities of Rs. 65 crore (enhanced from Rs. 16 crore), and 'CARE A1' for short-term facilities of Rs. 1,800 crore (enhanced from Rs. 1,726 crore). The review was based on the company's operational and financial performance for FY25 (audited) and 9MFY26 (unaudited). Total rated bank facilities stand at Rs. 3,070 crore across multiple lenders including SBI, HDFC Bank, ICICI Bank, Axis Bank, and others.
The reaffirmation of investment-grade ratings with a stable outlook signals continued confidence in the company's financial health and creditworthiness. The enhancement of credit limits across categories also indicates that lenders are willing to extend more funding, which is a mildly positive signal for shareholders.