Gabriel India Limited has received significant credit rating affirmations and assignments from CRISIL Ratings. The company’s long-term bank facilities have been reaffirmed at ‘Crisil AA+/Stable’. Additionally, CRISIL has assigned a rating of ‘Crisil AA+/Stable’ to Gabriel India’s non-convertible debentures (NCDs) worth ₹1,000 crore. These ratings reflect the company’s robust financial profile and strategic importance within the ANAND group.
Gabriel India’s Credit Ratings Affirmed and Assigned
Gabriel India Limited has announced that CRISIL Ratings Limited has reaffirmed its rating for the company’s long-term bank facilities at ‘Crisil AA+/Stable’. Concurrently, CRISIL has assigned an ‘Crisil AA+/Stable’ rating to Gabriel India’s non-convertible debentures (NCDs), with an issue size of ₹1,000 crore. These ratings are effective as of August 27, 2026.
Details of Credit Ratings
The credit rating for Gabriel India’s long-term bank facilities, amounting to ₹170 crore, has been reaffirmed at ‘Crisil AA+/Stable’. This indicates a stable outlook for the company’s debt servicing capabilities related to its bank loans.
Furthermore, CRISIL has assigned a rating of ‘Crisil AA+/Stable’ to the proposed ₹1,000 crore non-convertible debentures. This assignment signifies a strong credit assessment for these instruments.
Rationale Behind the Ratings
The ratings are underpinned by Gabriel India’s strengthened business risk profile, diversified earnings base, and enhanced strategic importance within the ANAND group. The company’s financial risk profile is also assessed as strong, supported by healthy operating performance and robust liquidity. The ongoing consolidation of automotive businesses under Project Rise and Project Jupiter is a key factor contributing to these positive ratings.
CRISIL highlights Gabriel’s evolving role from a ride-control systems manufacturer to a diversified automotive components platform. The company’s strategic initiatives and partnerships are expected to further bolster its market position and earnings potential.
The copy of this disclosure is available on Gabriel India’s investor relations website.
Source: BSE
