VMS TMT Holds Firm: Credit Ratings Reaffirmed with Stable Outlook

VMS TMT Limited ("VMS" or "the Company"), one of the leading players in the steel and TMT bar manufacturing sector, is pleased to announce that its credit ratings for bank facilities have been reaffirmed by Infomerics Valuation and Rating Ltd., reflecting the Company's stable financial profile and consistent operational performance.

The total bank facilities rated stand at ₹273.93 crore, comprising:

- Long-term Bank facilities: ₹154.83 crore, rated IVR BBB / Stable (Reaffirmed)

- Short-term Bank facilities: ₹119.10 crore, rated IVR A3+ (Reaffirmed)

The reaffirmation of ratings underscores VMS TMT's strong credit fundamentals, prudent financial management, and stable business outlook. The "Stable" outlook indicates sustained confidence in the Company's ability to maintain its operational and financial performance in the near to medium term.

This rating action takes into account the Company's consistent operating performance, stable revenue visibility, and its established presence in the steel industry. It also reflects VMS TMT's ability to effectively manage its working capital requirements and maintain healthy relationships with its banking partners.

Positive Impact

The reaffirmed ratings are expected to enhance stakeholder confidence, improve access to capital, and support the Company's future expansion and growth plans.

Shares of VMS TMT Limited was last trading in BSE at Rs. 34.55 as compared to the previous close of Rs. 37.22. The total number of shares traded during the day was 26057 in over 478 trades.

The stock hit an intraday high of Rs. 37.00 and intraday low of 34.01. The net turnover during the day was Rs. 922162.00.

Source : Equity Bulls

Keywords

VMSTMT INE0SJA01013 IronandSteel RatingUpdate