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Created: 2025-07-18 16:17:17 UTC
Menon Pistons Ltd: Credit Ratings Reaffirmed by CARE Ratings. 👍
CARE Ratings has reaffirmed the ratings for Menon Pistons Ltd's bank facilities. The outlook is stable. Here's a breakdown:
𝗥𝗮𝘁𝗶𝗻𝗴: CARE A- (Stable) for long-term bank facilities and CARE A2+ for short-term facilities.
𝗞𝗲𝘆 𝗦𝘁𝗿𝗲𝗻𝗴𝘁𝗵𝘀: ▪ Promoters' extensive experience and long track record. 👨💼 ▪ Diverse product portfolio. ▪ Above-average profitability. ▪ Comfortable capital structure and debt coverage.
𝗞𝗲𝘆 𝗪𝗲𝗮𝗸𝗻𝗲𝘀𝘀𝗲𝘀: ▪ Moderate scale of operations. ▪ Customer concentration risk (30% revenue from top two customers). ▪ Profitability susceptible to raw material price volatility. ▪ Moderate working capital requirements.
𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹𝘀: ▪ Total Operating Income (FY25): ₹254.45 crore (vs. ₹255.72 crore in FY24). ▪ PBILDT Margin (FY25): XXXXX% (vs. XXXXX% in FY24). ▪ PAT Margin (FY25): XXXX% (vs. XXXXX% in FY24).
𝗢𝘂𝘁𝗹𝗼𝗼𝗸: Stable, expecting MPL to maintain its financial risk profile.
𝗜𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 𝗡𝗼𝘁𝗲: The company faces competition and risks associated with the automotive industry regulations. 🚗
📊 MENON PISTONS LTD | 🏷️ Credit Rating
🌐 Details:
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