Narmada Gelatines Ltd — Important, 06-03-2026: Company Update

Narmada Gelatines Limited has had its credit ratings reaffirmed by CARE Ratings. Its long-term bank facilities are rated CARE BBB; Stable (enhanced to 31.35 Cr from 16.40 Cr), and long-term/short-term facilities are CARE BBB; Stable / CARE A3+ (reduced to 20.00 Cr from 21.60 Cr). These ratings acknowledge the company's five-decade track record in gelatine manufacturing, strong customer relationships, and improved profitability, especially during 9MFY26. Challenges include a moderate operational scale and raw material price volatility. The stable outlook suggests sustained strong financial health and benefits from experienced promoters. A planned 33.00 Cr capex aims to boost capacity.