Credit rating agency, ICRA has reaffirmed the long-term rating of BB and short-term rating of A4 assigned to the term loans, fund based facilities and non-fund based facilities of Bedmutha Industries (BIL) aggregating to Rs 80.75 crore. The long-term rating has a stable outlook.
The reaffirmation of ratings takes into account the successful completion of the company’s IPO (Initial Public Offering) in October 2010 thereby strengthening its net worth size, its established track record in the wire manufacturing business, healthy growth in production levels with regular increase in production capacities and a reputed and well-diversified customer profile.
Bedmutha Industries is leading steel wire manufacturers in western India located in Nashik. The company started its commercial production in the year 1992, by setting up first Galvanized Wire plant at Nashik with an installed capacity of 3600 MTPA.
| Company Name | CMP |
|---|---|
| Tata Steel | 211.65 |
| JSW Steel | 1274.85 |
| SAIL | 172.50 |
| Jindal Stainless | 789.80 |
| APL Apollo Tubes | 2141.55 |
| 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: