Credit rating agency, India Ratings & Research (Ind-Ra) has upgraded Genus Power Infrastructures’ (GPIL) long-term issuer rating to ‘A’ from ‘A-’. The outlook is stable. The company’s net adjusted leverage is expected to moderate to 2.0x-2.2x in FY15, driven by EBITDA expansion and improved working capital cycle leading to lower working capital debt. GPIL's net adjusted financial leverage declined to 2.4x in FY14 (year end March) from 3.2x in FY13, due to higher EBITDA margins, lower working capital use because of an improvement in debtor days and repayment of long-term loans.
Genus Power Infrastructures is engaged in the manufacturing and distribution of electronic energy meters, power distribution management projects, hybrid microcircuits, inverters, batteries, home UPS and online UPS in India and abroad.
| Company Name | CMP |
|---|---|
| Havells India | 1305.85 |
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| Apar Inds | 11474.15 |
| ABB India | 7029.95 |
| Waaree Energies | 3471.45 |
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