Manaksia Coated Metals & Industries Limited — Credit Ratings, 20-09-2025: Credit Rating

ACUITE Ratings & Research has upgraded Manaksia Coated Metals' long-term bank facilities to 'ACUITE A (Stable)' and short-term facilities to 'ACUITE A1'. This upgrade for Rs 575 Cr in total bank facilities reflects improved business and financial risk profiles. Key factors include revenue growth, stronger operating margins in FY25 & Q1FY26, better gearing, and adequate liquidity, supported by a healthy order book and planned capacity expansion.