Credit rating agency, CRISIL has reaffirmed its rating on the Rs 9.23 crore term loan facility of Shakti Pumps (India) at ‘BBB-/Stable’. Moreover, the rating agency has withdrawn its rating on the company’s Rs 56.25 crore cash credit facilities and the Rs 35 crore short-term bank facilities at the company’s request.
The ratings continue to reflect the company’s established position in the niche submersible steel pumps segment and its above-average financial risk profile, marked by moderate gearing and adequate debt protections metrics.
Shakti Pumps was incorporated to manufacture submersible pumps and electric control panels. The company is engaged in the business of manufacturing of submersible pumps along with submersible motors and associated controls panels under the name ‘Shakti’.
Company Name | CMP |
---|---|
KSB | 4809.50 |
Elgi Equipments | 616.00 |
Dynamatic Tech | 7710.00 |
Kirloskar Pneumatic | 1228.45 |
Ingersoll Rand | 4348.90 |
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