CARE Ratings Upgrades KSH International Credit Rating to 'A' from 'A-' and Maintains Stable Outlook

KSH International Limited ("KSH") (BSE: 544664/NSE: KSHINTL), India's third-largest manufacturer and largest exporter of magnet winding wires, announced that CARE Ratings has issued a press release on Company's upgraded long-term credit rating to 'A' from 'A-', and reaffirmed the outlook as "Stable".

This positive development follows KSH International's recent Initial Public Offering and subsequent repayment of Rs. 225.9 crore of long-and-short-term debt, as well as completion of its Phase-1 capacity expansion in its new Supa Plant.

CARE Ratings provided the following Rationale and key rating drivers:

- Substantial improvement in the scale of operations and profitability in FY25 and 9MFY26 supported by sustained demand from key end use industries and higher realizations;

- Strengthening of capital structure post the fund raising by way of its Initial Public Offering;

- Successful commissioning of Supa greenfield project without cost overrun;

CARE Rating Limited expects KSH to sustain the revenue growth while maintaining profitability levels supported by capacity enhancement. Ratings continue to derive strength from long-track record of operations, experienced promoter group, established and diversified customer base and KSH's healthy market position in the magnet winding wire industry.

Shares of KSH International Limited was last trading in BSE at Rs. 372.40 as compared to the previous close of Rs. 365.40. The total number of shares traded during the day was 12969 in over 596 trades.

The stock hit an intraday high of Rs. 374.45 and intraday low of 361.05. The net turnover during the day was Rs. 4821021.00.

Source : Equity Bulls

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