V Marc India Limited — Credit Ratings, 17-07-2025: Credit Rating

INFOMERICS Ratings has reaffirmed V-Marc India Limited's long-term IVR BBB+/Stable and short-term IVR A2 credit ratings for its enhanced bank facilities. This positive action reflects the company's significantly improved financial performance, with operating income reaching Rs. 904.87 Crore in FY25, alongside healthier profitability and comfortable capital structure. Key metrics like the overall gearing ratio (0.92x) and interest coverage (3.17x) show improvement. While benefiting from experienced promoters and a strong order book, the company navigates challenges like input price volatility and an extended operating cycle. The stable outlook signals continued creditworthiness, positively impacting investor confidence and access to funding.