Shankara Building Products Limited — Credit Ratings, 05-06-2025: Credit Rating

Crisil has reaffirmed Shankara Building Products Limited’s long-term rating at BBB+ with a Watch Developing status and short-term rating at A2 on bank facilities totaling Rs. 595 Cr. The ratings reflect stable operating cash flows and moderate leverage, supported by diverse banking relationships. The Watch Developing status indicates ongoing monitoring amid sector uncertainties. This affirmation supports the company’s continued access to debt funding at reasonable costs, helping maintain liquidity and operational flexibility.