Super Tannery Ltd — Updates, 14-05-2025: Company Update

Super Tannery Limited has announced a credit rating reaffirmation by CARE Ratings with a stable outlook. The company benefits from experienced promoters, a long operational history, and exports to over 40 countries constituting 81% of revenue. It reported a marginal 1% growth in total income for the year, with improved profitability driven by a greater focus on higher-margin footwear and accessories. The operating cycle remains elongated at 142 days, mainly due to inventory management needs. Financial risk profile is moderate, with overall gearing at 0.78x and improved interest coverage of 3.85x. Growth drivers include capacity utilization, operational efficiency, and effective working capital management amid competition and foreign exchange exposure.