Credit rating agency, CARE has revised rating of Shrenuj & Company’s Rs 767.54 crore long term bank facilities to BBB+ from A-. The rating agency has revised the company’s Rs 235 crore short term bank facilities to A3 from A2.
The revision in the ratings of the company takes into account the persistent strain on the company’s liquidity position, full utilization of working capital limits along with growing support to group companies in the form of corporate guarantee.
Shrenuj & Company is engaged in manufacturing of diamond and jewelries. The company has created a diamond pipeline, integrated diamond polishing branding and retailing with focus on synergy innovation and value creation.
| Company Name | CMP |
|---|---|
| Titan Co | 4513.40 |
| Kalyan Jewell.India | 424.65 |
| Rajesh Exports | 121.80 |
| Senco Gold | 365.45 |
| Thangamayil Jeweller | 4247.70 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: