ScoutQuest9 Oct 2026
Mafatlal Industries500264Credit rating upgrade

CARE upgrades Mafatlal Industries to CARE A-/Stable / CARE A2+ from CARE BBB+/Stable / CARE A2

CARE A-Upgraded · CARE Ratings Limited
PreviouslyCARE BBB+NowCARE A-
Upgraded by CARE Ratings Limited · CARE BBB+ to CARE A- · outlook Stable.
Rating Action
CARE A-/Stable / CARE A2+ (upgraded from CARE BBB+/Stable / CARE A2)
Facilities Upgraded
LT/ST Rs.199.08 crore to CARE A-/Stable / CARE A2+; LT Rs.129.92 crore to CARE A-/Stable; ST Rs.91.00 crore to CARE A2+
Rating Rationale
~40% operating income CAGR, ~Rs.890 crore order book and adequate liquidity
Agency
CARE Ratings Limited
Action
Upgraded

CARE upgrades Mafatlal Industries to CARE A-/Stable / CARE A2+ from CARE BBB+/Stable / CARE A2.

CARE Ratings letter date
Intimation to BSE
Term loan maturity
CARE Ratings letter date 8 Oct 2026 · Intimation to BSE 9 Oct 2026 · Term loan maturity 31 Jan 2032
More numbers
  • Long Term / Short Term Bank Facilities amount199.08 (Rs. crore)
  • Long Term Bank Facilities amount129.92 (Rs. crore)
  • Short Term Bank Facilities amount91.00 (Rs. crore)
  • Total operating income FY26 (consolidated)3871.26 (₹ crore)
  • Net worth as on March 31, 2026765.51 (₹ crore)
  • Free cash and liquid investments~₹130 crore
  • Unexecuted order book as on June 30, 2026~₹890 crore
Source: BSE · 9 Oct 2026

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