Sharat Industries Ltd Receives CARE Ratings Assignment for Bank Facilities
Sharat Industries Ltd has been assigned credit ratings by CARE Ratings Limited regarding its bank facilities. The ratings were issued on June 24, 2026, covering long term, short term, and combined fund based limits amounting to ₹149.95 crore.CARE Ratings Limited categorized the company's financing across three main facility types: Long Term Bank Facilities, Short Term Bank Facilities, and Long Term / Short Term Bank Facilities.
The key ratings assigned are detailed in the table below:
| Facility Type | Amount (₹ Crore) | Rating | Action |
|---|---|---|---|
| Long Term Bank Facilities | 27.95 | CARE BBB+; Stable | Assigned |
| Long Term / Short Term Bank Facilities | 112.00 | CARE BBB+; Stable / CARE A2 | Assigned |
| Short Term Bank Facilities | 10.00 | CARE A2 | Assigned |
Details of Long Term / Short Term Facilities
The rating for the combined long term and short term bank facilities, totaling ₹112.00 crore, is assigned CARE BBB+; Stable / CARE A2. This facility encompasses various fund based limits supported by multiple lenders.The breakdown of the Long Term / Short Term Bank Facilities (₹112.00 crore) includes:
| Lender | Rated Amount (₹ Crore) | Remarks |
|---|---|---|
| Axis Bank Ltd | 63.00 | PC/PCFC |
| Union Bank of India | 25.00 | PC/FDBD/PSCFC |
| Axis Bank Ltd | 15.00 | CC |
| Axis Bank Ltd | 5.00 | FBP/FBD/EBRD/PSCFC |
| Proposed | 4.00 | - |
Overview of Other Rated Facilities
In addition to the combined facilities, the company was rated for Long Term and Short Term Bank Facilities individually.The rating for Long Term Bank Facilities stood at ₹27.95 crore, holding a CARE BBB+; Stable rating. The short term bank facilities totaled ₹10.00 crore and were assigned a CARE A2 rating.
Further details on the long term facilities include:
| Lender | Rated Amount (₹ Crore) | Debt Repayment Terms |
|---|---|---|
| Axis Bank Ltd | 14.00 | 36 instalments starting Apr-2027 |
| Union Bank of India | 4.99 | 36 instalments starting Apr-2027 |
| Axis Bank Ltd | 3.01 | 60 instalments starting Jun-2026 |
| Axis Bank Ltd | 2.71 | 78 instalments starting Nov-2021 |
| State Bank of India | 2.54 | 57 instalments starting Oct-2025 |
| Axis Bank Ltd | 0.70 | 50 instalments starting Nov-2022 |
The short term bank facilities, valued at ₹10.00 crore, were primarily covered by two limits from Axis Bank Ltd: one for Loan Cumbers (LC) of ₹7.00 crore and another for Bank Guarantees (BG) amounting to ₹3.00 crore.
SHINDL Stock Price Movement
On Thursday, shares of Sharat Industries Limited slipped significantly, closing at ₹144.05 after shedding 5.09% or ₹7.52 from the prior day's close. The severe decline saw trading volume register 125,001 shares, pushing the stock toward its yearly low point of ₹130.6.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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