Hindustan Construction Company (HCC) has received a reaffirmation of its credit ratings from CARE Ratings Limited. The assessment, based on performance for FY25 and the first nine months of FY26, covers the company’s various bank facilities and debt instruments. These include long-term bank facilities totaling ₹98.72 crore, combined long-term and short-term facilities worth ₹7,313.28 crore, non-convertible debentures of ₹457.90 crore, and optionally fully convertible debentures amounting to ₹275.37 crore.
Credit Rating Overview
As of April 1, 2026, Hindustan Construction Company (HCC) has confirmed the reaffirmation of its existing credit ratings by CARE Ratings Limited. This rating action reflects the firm’s operational and financial stability evaluated against its performance for the full financial year 2025 and the unaudited results for the first nine months of the 2026 financial year.
Breakdown of Rated Facilities
The rating agency has maintained the CARE BBB-; Stable rating across the majority of the company’s debt portfolio. The reaffirmed facilities include:
- Long-Term Bank Facilities: Reaffirmed at ₹98.72 crore.
- Long-Term / Short-Term Bank Facilities: Reaffirmed at ₹7,313.28 crore, carrying CARE BBB-; Stable / CARE A3 ratings.
- Non-Convertible Debentures: Reaffirmed at ₹457.90 crore.
- Optionally Fully Convertible Debentures: Reaffirmed at ₹275.37 crore.
Debt Reduction and Repayment
Notably, the rated amounts for several instruments have seen reductions compared to previous levels. The Non-Convertible Debentures were reduced from ₹753.00 crore, and the Optionally Fully Convertible Debentures were reduced from ₹863.88 crore. According to the disclosure, these debt instruments follow structured repayment schedules, with Optionally Fully Convertible Debentures slated for repayment in seven annual installments ending March 31, 2029, while Non-Convertible Debentures have repayment dates spanning between March 31, 2026, and June 30, 2031.
Source: BSE
