Manorama Industries Limited announced an upgrade in its bank loan facilities rating from Care Edge Ratings, effective March 27, 2026. The long-term rating was elevated to CARE A+ (Stable) from CARE A (Stable). Furthermore, the short-term rating was upgraded to CARE A1+ from CARE A1, reflecting enhanced credit quality and stability across its debt instruments.
Enhancement in Credit Assessment
Manorama Industries Limited has received a favorable update regarding its credit profile following a review undertaken by Care Edge Ratings. This announcement, made on March 27, 2026, confirms that the assessment has resulted in an upgrade across the company’s primary bank loan facilities.
Summary of Rating Changes
The following table summarizes the revised and current ratings for the company’s outstanding facilities, showing significant increases in credit quality:
- Long-term bank facilities: The rating has been upgraded to CARE A+; Stable from the previous CARE A; Stable. This applies to the enhanced amount of Rs. 577.90 Crore (up from Rs. 492.90 Crore).
- Long term / Short term bank facilities: The long-term rating is now CARE A+; Stable with a Stable outlook, while the short-term rating has been upgraded to CARE A1+ from CARE A1. This applies to the enhanced amount of Rs. 105.00 Crore (up from Rs. 10.00 Crore).
The rating action indicates a marked improvement in the company’s capacity to meet its financial obligations. The management confirmed that the detailed intimations regarding the credit rating assessment are available on the official company website for stakeholder review.
Source: BSE
