Emkay Global Financial Services Limited — Credit Ratings, 08-08-2025: Credit Rating- Others

ICRA has reaffirmed Emkay Global's long-term rating at [ICRA]BBB+ with a 'Positive' outlook and its short-term rating at [ICRA]A2+. The A2+ rating was also assigned to an enhanced short-term bank line, now totaling Rs. 300 Cr (up from Rs. 250 Cr), raising the company's total rated amount to Rs. 400 Cr. This reflects Emkay's established market position and adequate capitalisation, supported by a net worth of Rs. 303.2 Cr. The 'Positive' outlook is driven by improved core operating profitability, with an average pre-tax profit of Rs. 39 Cr in FY2024-FY2025 and a net profit of Rs. 57 Cr in FY2025. Stable liquidity, including Rs. 61 Cr in cash and Rs. 32 Cr in unutilized limits, further supports the rating. This signals stable creditworthiness, potentially enhancing borrowing flexibility and boosting investor confidence.