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CARE reaffirms ratings of Mayur Uniquoters’ bank facilities

16 Sep 2015 Evaluate

Credit rating agency, CARE has reaffirmed ‘AA-’ rating to Mayur Uniquoters’ long term bank facilities worth Rs 37.48 crore and ‘A1+’ rating to company’s short term Bank Facilities worth Rs 53 crore. Besides, the rating agency has also reaffirmed ‘AA-/A1+’ rating to the long term/short term bank facilities of the company worth Rs 55 crore.

The ratings assigned to the bank facilities of Mayur Uniquoters (MUL) continue to factor in the growth in its scale of operations, its comfortable leverage, liquidity and debt coverage indicators. MUL’s total operating income (TOI) has increased at a compounded annual growth rate of around 20% for the past five-year period FY11-FY15 (refers to the period April 1 to March 31) with improving trend of PBILDT margin.

MUL has met majority of its working capital requirement as well as most of its recent capacity enhancement projects from its healthy internal accruals; consequently its overall gearing remained comfortable at 0.21 times as on March 31, 2015.

Mayur Uniquoters Share Price

571.05 -2.55 (-0.44%)
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