Shiva Mills Limited — Credit Ratings, 14-07-2025: Credit Rating

Shiva Mills' long-term bank facilities were downgraded to CARE BBB; Stable from CARE BBB+; Negative, and short-term facilities to CARE A3+ from CARE A2. This action is due to moderate financial performance, marked by net losses for the past three fiscal years, including ₹3.81 Cr in FY25, attributed to diminished demand and declining margins. Despite the downgrade, the outlook on long-term facilities is now Stable, reflecting a comfortable capital structure and experienced promoters. This change could potentially increase Shiva Mills' borrowing costs and influence investor perception, highlighting the need for sustained profitability improvements.