Manaksia Steels Limited — Credit Ratings, 28-06-2025: Credit Rating

CARE Ratings has reaffirmed Manaksia Steels Limited’s credit ratings at CARE A- (Stable) for long-term bank facilities of Rs. 45 Cr and CARE A2+ for short-term facilities of Rs. 330 Cr. The reaffirmation reflects stable operational and financial performance during FY25, indicating sound financial health and consistent liquidity. This continuity in rating supports sustained investor confidence and maintains the company’s favorable cost of borrowing, ensuring strategic flexibility in managing its banking relationships and financial obligations.