Laxmi Goldorna House Limited — Credit Ratings, 06-05-2025: Credit Rating- New

Crisil Ratings has assigned a stable ‘BB’ rating to Laxmi Goldorna House Ltd’s long-term bank facilities of Rs 53 crore. The rating reflects its strong market position, experienced promoters, and a diversified revenue mix with 80% from real estate and 20% from gold and jewellery. The company’s moderate financial risk profile is supported by healthy operating profitability and manageable leverage (debt/assets ratio of 36%). While steady borrowing costs are supported by adequate liquidity from customer advances, own funds, and bank loans, risks remain due to modest bookings and advances for ongoing projects and the cyclical nature of the real estate sector.