Manaksia Steels Limited — Credit Ratings, 17-07-2025: Credit Rating

Manaksia Steels has received a reaffirmation of its credit ratings from CARE Ratings, with a 'Stable' outlook for its long-term facilities. This includes Long Term Bank Facilities rated 'CARE A-; Stable' for Rs. 60.00 Cr (enhanced from Rs. 45.00 Cr) and Short Term Bank Facilities rated 'CARE A2+' for Rs. 440.00 Cr (enhanced from Rs. 330.00 Cr). This reaffirmation, based on the company's consistent operational and financial performance for FY25, signals maintained financial health and creditworthiness. For investors, this means stable borrowing costs and steady access to capital for Manaksia Steels, reinforcing confidence without any shifts in its risk profile. The enhanced facility limits (totaling Rs. 500.00 Cr) also indicate continued banking support for the company's operational needs.