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Ratnamani Metals & Tubes credit ratings reaffirmed by CRISIL

June 27, 2025 at 08:54 AM UTCBy FilingReader AI

Ratnamani Metals & Tubes (BSE: RATNAMANI) announced today that CRISIL Ratings Limited has reaffirmed its ratings on the company's bank loan facilities. The long-term rating remains at 'CRISIL AA/Positive' and the short-term rating at 'CRISIL A1+'. The ratings reaffirmation is supported by Ratnamani's market leadership in the stainless steel pipes segment, diversified revenue streams, and healthy financial risk profile. CRISIL expects Ratnamani's revenue to increase by 8-10% over the medium term, driven by a healthy order book and increased production capacity. The company is undertaking a capex of INR 1,600 crore to expand capacity.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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