Acuité assigns BBB- rating to Rs 100 Cr bank facilities, outlook stable
VISAMAN · price
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First-time credit rating assigned by Acuité to Rs 100 Cr bank facilities of Visaman Global Sales. Long-term facilities of Rs 93.20 Cr rated ACUITE BBB- Stable, short-term Rs 6.80 Cr rated ACUITE A3. Company is in steel processing and manufacturing, listed on NSE Emerge in July 2024. Revenue grew to Rs 451.28 Cr in FY26 from Rs 265.27 Cr; PAT rose to Rs 17.02 Cr from Rs 4.88 Cr. Debt-equity improved to 1.29x from 2.33x. Stable outlook reflects adequate liquidity but moderate financial risk, high working capital use, and steel industry cyclicality.
First rating for the company; investment grade signal supports borrowing access. Steel cyclicality and elevated debt remain monitorable risks.