Nilkamal Limited — Credit Ratings, 17-07-2025: Credit Rating

Nilkamal Limited's credit ratings have been reaffirmed by CARE Ratings, maintaining 'CARE AA; Stable' for long-term facilities and 'CARE A1+' for short-term instruments. This covers long-term bank facilities of Rs 568.75 Cr, non-convertible debentures of Rs 150 Cr, short-term bank facilities of Rs 208.21 Cr, and commercial papers of Rs 200 Cr. The reaffirmation with a 'Stable' outlook signals the company's consistent financial strength and sound business profile. This stability should reinforce investor confidence and ensure Nilkamal continues to access financing at competitive rates, providing ample strategic room for its operational and growth initiatives.