SRM Contractors Limited — Credit Ratings, 01-07-2025: Credit Rating- Revision

CareEdge Ratings has upgraded SRM Contractors Limited’s bank facilities to CARE A-, Stable from CARE BBB+, Stable, and the long-term/short-term facilities to CARE A-/CARE A2 from CARE BBB+/CARE A3+. This rating upgrade reflects the company’s improved operational and financial performance in FY25 (provisional), including a reduction in fund-based limits from ₹9.90 Cr to ₹6.90 Cr and an enhancement in non-fund-based limits to ₹223.50 Cr. The stronger rating profile is expected to lower the company’s borrowing costs and boost investor confidence, providing greater financial flexibility for its operations. The stable outlook indicates a steady credit risk profile going forward.