Hind Rectifiers Limited — Credit Ratings, 03-09-2025: Credit Rating- Revision

CRISIL Ratings has upgraded Hind Rectifiers' bank loan facilities totaling Rs 228.9 Cr. The long-term rating is now 'Crisil BBB+/Stable' (from 'Crisil BBB/Stable'), and the short-term rating is 'Crisil A2' (from 'Crisil A3+'). This upgrade reflects improved business risk profile, higher revenues (Rs 655 Cr in FY25), better operating margins, and a robust Rs 1000 Cr order book. Outlook remains Stable.