Beardsell Limited — Credit Ratings, 05-08-2025: Credit Rating

Beardsell Limited (BSL) has received an upgrade from CARE Ratings for its credit facilities. Long-term bank facilities and fixed deposits are now rated CARE BBB; Stable, moving up from CARE BBB-; Positive. Short-term bank facilities also saw an upgrade to CARE A3+ from CARE A3. This positive rating action stems from BSL's consistent operational growth, a significantly improved capital structure with overall gearing at 0.47x, and stronger debt coverage, including a 6.02x interest coverage ratio. These upgrades signal enhanced financial health, potentially leading to lower borrowing costs and increased investor confidence, providing BSL greater financial flexibility.