ALPHA TRIBE

Menon Pistons LtdUpdates, 18-07-2025: Company Update

18-07-2025 | 09:46 pm

Menon Pistons Limited's credit ratings for its bank facilities have been reaffirmed by CARE Ratings Limited. The long-term facilities, amounting to ₹31.87 Crore, received a 'CARE A-; Stable' rating, while the short-term Packing Credit of ₹1.00 Crore was rated 'CARE A2+'. The reaffirmation reflects the company's experienced promoters, diverse product range, solid profitability, and robust capital structure. Despite challenges like moderate scale and customer concentration, the stable outlook underscores the rating agency's confidence in the company's ongoing financial health and operational stability, supported by healthy cash flows.

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