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Created: 2025-07-26 00:33:37 UTC
Force Motors: CRISIL Reaffirms Credit Ratings
Force Motors Limited's credit ratings have been reaffirmed by CRISIL Ratings. The long-term rating for bank loan facilities is reaffirmed at CRISIL AA+ with a stable outlook, while the short-term rating is reaffirmed at CRISIL A1+. ๐ฆ
๐๐ฒ๐ ๐๐ถ๐ด๐ต๐น๐ถ๐ด๐ต๐๐: โช CRISIL has reaffirmed the ratings on the bank facilities of Force Motors Ltd. โช Total bank loan facilities rated at โน765 Crore. โช Long Term Rating: CRISIL AA+/Stable (Reaffirmed). โช Short Term Rating: CRISIL A1+ (Reaffirmed).
๐๐ถ๐ป๐ฎ๐ป๐ฐ๐ถ๐ฎ๐น ๐ฃ๐ฒ๐ฟ๐ณ๐ผ๐ฟ๐บ๐ฎ๐ป๐ฐ๐ฒ: โช Revenue grew by XX% YoY to โน8,092 crore in fiscal 2025. ๐ โช Operating margin expanded to approximately XXXX% in fiscal 2025. โช Total debt reduced to โน17 crore as of March 31, 2025. ๐ โช Interest coverage ratio remained healthy at ~44.4 times in fiscal 2025.
๐ฆ๐๐ฟ๐ฎ๐๐ฒ๐ด๐ถ๐ฐ ๐ข๐๐๐น๐ผ๐ผ๐ธ: โช Capex of over โน300 crore in fiscal 2025. โช Planned capex of โน400-500 crore per annum over the medium term. โช The company is expected to remain debt-free over the medium term.
๐ข๐๐ต๐ฒ๐ฟ ๐ฃ๐ผ๐ถ๐ป๐๐: โช The rating factors in the sustained healthy operating performance of FML. โช The company has a leading position in the domestic LCV passenger segment. ๐ฅ โช Strong support from the promoters. โช The ratings also factor in the companyโs robust financial risk profile. ๐ช
๐ FORCE MOTORS LTD | ๐ท๏ธ Credit Rating
๐ Details:
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