Godavari Biorefineries Limited — Credit Ratings, 17-03-2026: Credit Rating

CARE Ratings has reaffirmed Godavari Biorefineries Limited's ratings: Long-term bank facilities and Fixed Deposits at CARE BBB+ (Stable), and Short-term bank facilities at CARE A2. The Stable outlook reflects adequate operating performance and expected sustained growth, driven by its integrated units and diversified product portfolio. While benefiting from strong promoters, the company's debt coverage metrics and working capital intensity remain key areas of focus.