Subros Limited Receives Credit Rating Reaffirmation from ICRA
Subros Limited announced on March 27, 2026, that ICRA Limited has reaffirmed and assigned credit ratings for its various banking facilities. The ratings reflect the company’s financial health and operational performance.ICRA has assigned an “[ICRA]AA (Stable)” rating to the company's term loans amounting to ₹40 crore. The short-term rating for non-fund based facilities is “[ICRA]A1+”. The ratings for the long-term and short-term fund-based limits are reaffirmed as “[ICRA]AA(Stable)/[ICRA]A1+”. The same ratings were reaffirmed for the long-term and short-term fund-based and non-fund-based limits, totaling ₹100 crore. Unallocated limits also received a rating of “[ICRA]AA(Stable)/[ICRA]A1+” with an amount of ₹35 crore.
The total bank facilities rated by ICRA amount to ₹305 crore. A detailed breakdown of the ratings is presented below:
ICRA Credit Ratings Summary
| Instrument | Current Rated Amount (Rs. crore) | Rating |
|---|---|---|
| Long Term / Fund based - Term Loan | 40 | [ICRA]AA (Stable); assigned |
| Short Term - Non Fund Based | 50 | [ICRA]A1+; reaffirmed |
| Long Term / Short Term - Fund based Cash Credit Fund based - | 80 | [ICRA]AA(Stable)/[ICRA]A1+; reaffirmed |
| Long Term / Short Term - Fund Based / Non Fund Based | 100 | [ICRA]AA (Stable)/ [ICRA]A1+; reaffirmed |
| Long Term / Short Term - Unallocated | 35 | [ICRA]AA(Stable)/[ICRA]A1+; reaffirmed |
| Total Bank Facilities | 305 |
Detailed information on the ratings is also available on the company's website at www.subros.com.
Bank Limits Rated by ICRA (as of March 20, 2026)
Long-Term Scale
| Details of Bank Limits Rated by ICRA (Rated on Long-Term Scale) | Amount (Rs. crore) | Rating |
|---|---|---|
| Term loans | 40 | [ICRA]AA (Stable) |
Long-term / Short-term Scale
| Details of Bank Limits Rated by ICRA (Rated on Long-term / Short-term Scale) | Amount (Rs. crore) | Rating |
|---|---|---|
| Fund based limits - State Bank of India | 50 | [ICRA]AA(Stable)/[ICRA]A1+ |
| Fund based limits - ICICI Bank Limited | 20 | [ICRA]AA(Stable)/[ICRA]A1+ |
| Fund based limits - Kotak Mahindra Bank Limited | 10 | [ICRA]AA(Stable)/[ICRA]A1+ |
| Fund based/Non fund based limits - HDFC Bank Limited | 100 | |
| Unallocated limits | 35 |
Short-Term Scale
| Details of Bank Limits Rated by ICRA (Rated on Short-Term Scale) | Amount (Rs. crore) | Rating |
|---|---|---|
| Non fund based limits - State Bank of India | 25 | [ICRA]A1+ |
Source:
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