Jamna Auto Industries Ltd. has received a credit rating upgrade from ICRA Limited. The company’s long-term fund-based term loans and working capital facilities have been upgraded to [ICRA]AA (Stable). This positive rating action reflects the company’s strengthened financial profile, with the outlook being revised from Positive to Stable. The short-term credit rating for its working capital facilities and commercial paper has been reaffirmed at [ICRA]A1+.
Upgraded Financial Outlook
Following a review of its credit profile, Jamna Auto Industries Ltd. has been assigned improved ratings by ICRA Limited, as communicated on April 15, 2026. The long-term rating for the company’s Rs. 90 crore term loan facility has been upgraded to [ICRA]AA, with the outlook revised to Stable.
Working Capital and Debt Facilities
The company’s long-term/short-term fund-based and non-fund-based working capital facilities, totaling Rs. 460 crore, have also seen a rating upgrade. The long-term component is now rated [ICRA]AA (Stable), while the short-term rating remains at [ICRA]A1+. Furthermore, the company’s commercial paper program, valued at Rs. 100 crore—carved out from existing working capital—has been reaffirmed at [ICRA]A1+.
Strategic Implications
The upgrade to [ICRA]AA highlights Jamna Auto’s robust operational performance and strong financial standing in the automotive components industry. By revising the outlook to Stable, the rating agency indicates a continued expectation of stability and consistent performance across the company’s debt-servicing capabilities. These ratings provide the company with enhanced financial flexibility as it continues to support its ongoing working capital and growth requirements.
Source: BSE
