Khadim India Limited — Credit Ratings, 27-06-2025: Credit Rating

CARE Ratings Limited has reaffirmed Khadim India Limited’s bank facilities ratings at CARE BBB with Rating Watch Developing (long-term) and CARE A3+ with Rating Watch Developing (short-term). The total rated bank facilities amount to ₹182.95 crore, with an enhancement in long-term facilities to ₹151.45 crore from ₹140.24 crore. The rating action reflects the company’s stable operational and financial performance in FY25, supporting its credit profile. While the Rating Watch Developing status indicates ongoing monitoring due to evolving factors, the reaffirmation maintains investor confidence and suggests a stable cost of borrowing. The upkeep of these ratings provides Khadim India Limited continued strategic flexibility in managing its debt obligations and funding needs.