Wheels India Ltd vide its letter dated February 18, 2026 has informed BSE regarding "Intimation of credit rating(s)".
WHEELS · price
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Wheels India Ltd has received a credit rating communication from ICRA Limited dated February 18, 2026. ICRA has reaffirmed the company's long-term rating at [ICRA]A (Stable) and short-term rating at [ICRA]A2+ across all bank facilities, including term loans (Rs. 135 crore), fund-based limits (Rs. 560 crore), non-fund-based limits (Rs. 300 crore), and an unallocated limit (Rs. 100 crore) that was reaffirmed and assigned for an enhanced amount. The long-term fixed deposit programme of Rs. 310 crore was also reaffirmed at [ICRA]A (Stable). Total rated exposure stands at Rs. 1,405 crore, spread across multiple banks including SBI, HDFC Bank, Axis Bank, Standard Chartered Bank, Federal Bank, and Kotak Mahindra Bank. All ratings carry a stable outlook and will be due for surveillance within one year.
The unchanged ratings with a stable outlook signal that ICRA sees no change in Wheels India's creditworthiness or debt-servicing ability. Shareholders can take this as a neutral-to-mildly-positive signal — the company continues to enjoy good access to bank funding at competitive rates, and the enhancement of unallocated limits suggests lenders are willing to extend additional credit headroom.