PNN
Mumbai (Maharashtra) [India], July 1: Manaksia Coated Metals & Industries Limited (NSE: MANAKCOAT, BSE: 539046), is one of the leading manufacturers and exporters of coated metal products, specializing in Pre-painted Galvanized Steel and Plain Galvanized Steel . both in coil and sheet form. The company is pleased to announce that Acuite Rating & Research Limited has reviewed and upgraded MANAKCOAT's long-term debt rating from ACUITE BBB+ to A- and ACUITE's short-term debt rating A2 to A2+.
This review highlights the financial strengths of MANAKCOAT
* Demonstrated by increased scale of operations and strong order book for fiscal 2025.
* Strengthened financial risk profile with a comfortable capital structure from capital infusion.
* Improved debt protection metrics due to higher cash accumulations.
* The absence of debt-financed capital expenditure plans also contributes to stability.
Commenting on the credit rating, Karan Agrawal, Permanent Director of Manaksia Coated Metals & Industries Limited, said: “As Permanent Director of Manaksia Coated Metals & Industries Limited (MANAKCOAT), I am proud to announce the upgrade of our credit ratings by Acuite Rating. & Research Limited The revision of our long-term debt rating from ACUITE BBB+ to A- and our short-term debt rating from ACUITE A2 to A2+ is a testament to our strong financial health and unwavering commitment to excellence. operational.
This upgraded rating not only underlines our strong performance but also reinforces the confidence of our stakeholders and investors. “We remain dedicated to delivering superior value and maintaining our leadership in the coated metal products industry.”
Looking ahead, we are committed to seizing growth opportunities and delivering sustainable value to our stakeholders. To take advantage of these opportunities, we plan to gradually increase our capabilities in various product lines. “This strategic move aims to foster further growth for the company in the coming years.”
Mumbai (Maharashtra) [India], July 1: Manaksia Coated Metals & Industries Limited (NSE: MANAKCOAT, BSE: 539046), is one of the leading manufacturers and exporters of coated metal products, specializing in Pre-painted Galvanized Steel and Plain Galvanized Steel . both in coil and sheet form. The company is pleased to announce that Acuite Rating & Research Limited has reviewed and upgraded MANAKCOAT's long-term debt rating from ACUITE BBB+ to A- and ACUITE's short-term debt rating A2 to A2+.
This review highlights the financial strengths of MANAKCOAT
* Demonstrated by increased scale of operations and strong order book for fiscal 2025.
* Strengthened financial risk profile with a comfortable capital structure from capital infusion.
* Improved debt protection metrics due to higher cash accumulations.
* The absence of debt-financed capital expenditure plans also contributes to stability.
Commenting on the credit rating, Karan Agrawal, Permanent Director of Manaksia Coated Metals & Industries Limited, said: “As Permanent Director of Manaksia Coated Metals & Industries Limited (MANAKCOAT), I am proud to announce the upgrade of our credit ratings by Acuite Rating. & Research Limited The revision of our long-term debt rating from ACUITE BBB+ to A- and our short-term debt rating from ACUITE A2 to A2+ is a testament to our strong financial health and unwavering commitment to excellence. operational.
This upgraded rating not only underlines our strong performance but also reinforces the confidence of our stakeholders and investors. “We remain dedicated to delivering superior value and maintaining our leadership in the coated metal products industry.”
Looking ahead, we are committed to seizing growth opportunities and delivering sustainable value to our stakeholders. To take advantage of these opportunities, we plan to gradually increase our capabilities in various product lines. “This strategic move aims to foster further growth for the company in the coming years.”
