GP Petroleums Limited — Credit Ratings, 07-05-2025: Credit Rating

India Ratings and Research has affirmed GP Petroleums Limited’s bank facilities at ‘IND BBB-’ with a stable outlook, reflecting improved credit metrics. The company has reduced interest costs and turned net cash positive at INR13.1 Cr in 9MFY25, supported by moderate but stable operations despite lower trading volumes. With low gross debt of INR15.8 Cr and comfortable liquidity marked by low working capital utilization, GPPL maintains a solid financial profile. The ongoing promoter stake sale poses limited risk given the company’s financial independence and consistent cash flows, helping sustain investor confidence and keeping borrowing costs stable.