Yuken India Limited has informed the Exchange about Credit Rating
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CARE Ratings has reaffirmed Yuken India's credit ratings, keeping the long-term bank facilities of Rs. 22.58 crore at CARE BBB+ with a Stable outlook, and the short-term bank facilities of Rs. 36.50 crore at CARE A3+. The short-term facility was enhanced from Rs. 34.50 crore to Rs. 36.50 crore. The reaffirmation reflects an 8% year-on-year rise in total operating income to Rs. 458 crore in FY25 and a steady improvement in operating margin to 12.14% from 9.12% two years ago. The company maintains a comfortable capital structure with overall gearing of 0.34x and interest coverage of 5.35x, supported by continued equity infusion from its Japanese parent Yuken Kogyo Company. A Rs. 174 crore group-level capex is underway, partly funded by an upcoming Rs. 60 crore equity infusion from the parent in FY26, with exports to the parent expected to start from the second half of FY26.
Rating reaffirmation at investment grade (BBB+/A3+) with a Stable outlook signals continued lender confidence and steady financial health, which is mildly positive for shareholders. The enhancement of short-term credit limits and ongoing equity support from the parent further strengthen the company's financial position, though completion of the large capex and export ramp-up remain key things to watch.