India Ratings Upgrades Magadh Sugar & Energy Ltd Bank Loan Facilities
Magadh Sugar & Energy Ltd saw an upgrade and affirmation of its bank loan facilities by India Ratings and Research. The rating actions were issued vide a letter dated May 8, 2026, confirming the enhancement of the company's long-term credit profile.India Ratings and Research upgraded Magadh Sugar & Energy Limited's (MSEL) long-term rating to 'IND A+' with a Stable Outlook, an improvement from its previous rating of 'IND A'. Concurrently, the rating for short-term bank facilities was reaffirmed at 'IND A1'.
The comprehensive rating assessment covers the bank loan facilities of the company.
Key rating actions and facilities details include:
| Instrument Type | Rating Action | Previous Rating | New Rating | Outlook |
|---|---|---|---|---|
| Long Term Bank Facilities | Upgraded | IND A | IND A+ | Stable |
| Short Term Bank Facilities | Reaffirmed | N/A | IND A1 | N/A |
The overall structure of the rating covers a significant amount of financing, totaling INR9,607.5 million across various facilities. The detailed rating assessment of the bank loan facilities is as follows:
| Instrument Description | Outstanding/Rated Amount (INR million) | Details |
|---|---|---|
| Bank loan facilities (Long-Term) | 3,187.5 | Upgraded from IND A to IND A+ STABLE |
| Bank loan facilities (Short-Term) | 6,520 | Reaffirmed at IND A1 |
In addition to the headline ratings, India Ratings assigned multiple ratings to various term and working capital limits from several financial institutions, demonstrating the breadth of the company’s financed activities.
The rating assessments covered various instruments and banks, including:
| Instrument Type | Bank Name | Rating | Outstanding/Rated Amount (INR million) |
|---|---|---|---|
| Fund Based Working Capital Limit | State Bank of India | IND A+/Stable/INDA1 | 2,750 |
| Term Loan | ICICI Bank | IND A+/Stable | 726 |
| Fund Based Working Capital Limit | Axis Bank Limited | IND A+/Stable/INDA1 | 500 |
| Term Loan | RBLBank | IND A+/Stable | 1,200 |
| Fund Based Working Capital Limit | ICICI Bank | IND A+/Stable/INDA1 | 1,300 |
| Fund Based Working Capital Limit | State Bank of India | IND A+/Stable/INDA1 | 2,750 |
| Fund Based Working Capital Limit | DCBBank | IND A+/Stable/INDA1 | 450 |
| Fund Based Working Capital Limit | Axis Bank Limited | IND A+/Stable/INDA1 | 500 |
| Fund Based Working Capital Limit | South Indian Bank | IND A+/Stable/INDA1 | 300 |
| Fund Based Working Capital Limit | RBLBank | IND A+/Stable/INDA1 | 550 |
| Fund Based Working Capital Limit | Yes Bank Ltd | IND A+/Stable/INDA1 | 400 |
| Termloan | Axis Bank Limited | IND A+/Stable/INDA1 | 794 |
| Termloan | N.A | IND A+/Stable/INDA1 | 467.5 |
MAGADSUGAR Stock Price Movement
Shares of Magadh Sugar & Energy Limited on Friday slipped by 3.52% to close at ₹512.25. The stock completed the session after trading on 27,805 shares, settling considerably below its previous day's opening level.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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