Arfin India Ltd — Important, 13-11-2025: Company Update

Arfin India's credit ratings have been reaffirmed by CRISIL. The Long-Term rating remains 'CRISIL BBB/Stable' and the Short-Term rating 'CRISIL A3+' for total bank facilities of Rs 129.21 Cr. This affirmation highlights the promoters' extensive industry experience, a diversified customer base, and a strong capital structure. Operating revenue grew to Rs 616 Cr from Rs 535 Cr previously. While liquidity is adequate, the company faces modest operating margins and a large working capital cycle, which will be key areas to watch. The outlook remains stable, banking on experienced leadership and client relationships.