Mumbai: Ganesh Infraworld Limited has announced a credit rating upgrade by Infomerics Valuation and Rating Pvt. Ltd., reflecting the company’s strengthened financial position and operational performance. The revised ratings follow a comprehensive review of audited financials for FY2024 and FY2025.
Infomerics cited several factors behind the upgrade, including a significant improvement in the company’s business risk profile, driven by increased revenues and a healthy order book that ensures strong revenue visibility. The company also demonstrated sound financial discipline through efficient working capital management and adequate liquidity, along with consistent operational execution despite a fragmented and competitive industry landscape.
The long-term rating outlook remains stable, supported by a robust project pipeline, prudent financial management, and deepening relationships with banking partners.
Commenting on the development, Vibhoar Agrawal, Founder and CMD of Ganesh Infraworld Limited, stated, “The upgraded rating by Infomerics is a strong validation of our financial strength, operational excellence, and disciplined growth strategy. It reinforces our credibility with lenders and stakeholders while positioning us to capitalize on larger opportunities in the infrastructure sector.”
The Rating Committee upgraded the company’s bank facilities as follows:
- Long-Term Bank Facilities of ₹127.00 crore: Upgraded to IVR BBB+/Stable from IVR BBB/Stable
- Short-Term Bank Facilities of ₹3.00 crore: Upgraded to IVR A2 from IVR A3+
With total rated facilities now standing at ₹130.00 crore, the enhanced ratings are expected to improve Ganesh Infraworld’s access to banking facilities on competitive terms, increase financial flexibility for expansion, and support improved project execution capabilities in the medium term.
