CARE Ratings Reaffirms Credit Rating for Albert David Ltd.'s Bank Facilities
Albert David Limited has received revised credit ratings from CARE EDGE Ratings regarding its various bank facilities, covering both long-term and mixed term loans, according to a report dated June 26, 2026. The review assessed the company's operational and financial performance for Fiscal Year 2026.The agency reaffirmed the rating for Long Term Bank Facilities at CARE A; Negative. This facility originally amounted to 51.50 crore and has been rated at 50.50 crore. Furthermore, the Long Term / Short Term Bank Facilities were reaffirmed with a rating of CARE A; Negative/CAREA1.
Credit Rating Summary for Key Bank Facilities
The ratings provided by CARE EDGE Ratings cover various facilities essential to the company's operations.| Facility Name | Rated Amount (₹ crore) | Current Rating | Action Taken |
|---|---|---|---|
| Long Term Bank Facilities | 50.50 | CARE A; Negative | Reaffirmed |
| Long Term / Short Term Bank Facilities | 12.00 | CARE A; Negative/CAREA1 | Reaffirmed |
Breakdown of Rated Facilities
The report detailed the ratings across several categories, including fund-based and non-fund based limits.Long Term Facilities Overview:
| Facility Type | Amount (₹ crore) | Rating |
|---|---|---|
| Long Term Bank Facilities | 50.50 | CARE A; Negative |
| Long Term / Short Term Bank Facilities | 12.00 | CARE A; Negative/CAREA1 |
Detailed breakdown of long term facilities (Fund Based Limits):
| Name of Bank / Lender | Rated Amount (Rs. crore) | Remarks |
|---|---|---|
| ICICI Bank Ltd. | 15.00 | Sanctioned |
| State Bank of India | 10.00 | Sanctioned |
| Proposed | 22.00 | |
| Total | 47.00 |
The company also holds non-fund based limits under long term facilities:
| Name of Bank / Lender | Rated Amount (Rs. crore) | Remarks |
|---|---|---|
| ICICI Bank Ltd. | 3.00 | Derivative limit |
| State Bank of India | 0.50 | Forward Contract/Credit exposure limit |
| Total | 3.50 |
Detailed breakdown of Long Term / Short Term Facilities:
The company's short term facilities include:
- State Bank of India: 6.00 crore (Bank Guarantee)
- ICICI Bank Ltd.: 5.00 crore (Bank Guarantee)
Additionally, a Letter of Credit facility from State Bank of India amounting to 1.00 crore was noted in the review.
The total facilities assessed under long term bank limits were reported at ₹50.50 crore. The total for Long Term / Short Term Facilities came to ₹12.00 crore, with a combined total of all facilities reaching ₹62.50 crore.
ALBERTDAVD Stock Price Movement
Shares of Albert David Limited on Thursday slipped by 0.7% to settle at ₹708.5, having shed ₹5.00 from the previous close. The stock saw a trading volume of 3,117 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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