Somany Ceramics Ltd's Credit Ratings Reaffirmed by CRISIL on Bank Facilities
Somany Ceramics Limited has received a reaffirmation of its credit ratings from CRISIL Ratings Limited regarding its various bank facilities, affirming the company's financial standing. The ratings pertain to both long-term and short-term bank facilities.The reaffirmed credit ratings issued by CRISIL Ratings Limited position the company favorably concerning its debt instruments and banking relationships. These ratings were provided in a rating letter dated June 22, 2026.
| Facility Type | Rating (Reaffirmed) |
|---|---|
| Long Term Bank Facilities | CRISIL AA-/Stable |
| Short Term Bank Facilities | CRISIL A1+ |
The reaffirmed ratings cover a total of Rs. 425 Crore in bank loan facilities, as per the rating agreement with CRISIL Ratings Limited.
Breakdown of Rated Bank Facilities
The rated facilities include Cash Credit and Letter of Credit arrangements across several major banks. The total amount of bank loan facilities assessed by CRISIL was Rs. 425 Crore.Details of the outstanding facilities categorized by bank are provided below:
| Facility Type | Total Amount (Rs. in Crore) | Associated Rating |
|---|---|---|
| Long Term Bank Facilities | N/A | Crisil AA-/Stable |
| Short Term Bank Facilities | N/A | Crisil A1+ |
The facilities are distributed across various lenders, including Kotak Mahindra Bank Limited, ICICI Bank Limited, HDFC Bank Limited, and Punjab National Bank. The breakdown of these facilities is as follows:
| S.No. | Bank Facility | Lender Name | Amount (Rs. in Crore) | Rating |
|---|---|---|---|---|
| 1 | Cash Credit | Kotak Mahindra Bank Limited | 20 | Crisil AA-/Stable |
| 2 | Cash Credit | ICICI Bank Limited | 15 | Crisil AA-/Stable |
| 3 | Cash Credit | HDFC Bank Limited | 35 | Crisil AA-/Stable |
| 4 | Cash Credit | Punjab National Bank | 75 | Crisil AA-/Stable |
| 5 | Letter of Credit | Kotak Mahindra Bank Limited | 15 | Crisil A1+ |
| 6 | Letter of Credit | ICICI Bank Limited | 5 | Crisil A1+ |
| 7 | Letter of Credit | Punjab National Bank | 35 | Crisil A1+ |
| 8 | Letter of Credit | HDFC Bank Limited | 15 | Crisil A1+ |
| 9 | Proposed Fund-Based Bank Limits | N/A | 210 | Crisil AA-/Stable |
SOMANYCERA Stock Price Movement
As of 12:52 PM, Somany Ceramics Limited shares are slipping by 1.74% in live trading, currently priced at ₹510.65 after shedding ₹9.05 from the previous close. The company has seen a total traded volume of 21,134 shares so far during this active market period.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.