✨ Details
Manomay Tex India Limited, a leading textile manufacturing company based in Bhilwara, Rajasthan, has received a credit rating upgrade from India Ratings and Research, a Fitch Group company. This corporate announcement, filed under Regulation 30 of SEBI (LODR) Regulations, 2015, reveals that the company’s various credit facilities have been reassessed, resulting in an overall positive outlook. The upgraded rating now stands at IND BBB+/Stable/IND A2, improving from the previous IND BBB/Stable/IND A3+, signifying increased financial stability and creditworthiness.
The revised ratings include fund-based working capital limits, term loans, and derivative instruments availed from notable banks such as SBI, HDFC, PNB, SIDBI, and Indian Bank. The improved outlook stems from strong financial discipline, efficient operations, and solid banking relationships. Additionally, the company has voluntarily withdrawn certain non-fund-based credit facilities, consolidating them under fund-based limits—showing strategic financial management.
This upgrade is crucial for retail traders as it reflects reduced credit risk, higher lender confidence, and potentially lower financing costs for the company. All of these indicate a healthier financial position, increasing the stock’s attractiveness for mid- to long-term investors. A positive credit rating generally boosts investor sentiment and could lead to favorable price movement in the share market.
✅ Summary:
🔷 Company Name: Manomay Tex India Limited
📍 Registered Office: 32, Heera Panna Market, Pur Road, Bhilwara – 311001, Rajasthan
🔗 Website: www.manomaytexindia.com
💼 Credit Rating Update Highlights:
✨ Received from India Ratings & Research (Fitch Group)
📈 Upgraded Rating:
🔹 Fund-Based Working Capital: IND BBB+/Stable/IND A2
🔹 Term Loans: IND BBB+/Stable
🔹 Derivative Instruments: IND A2
🔹 Non-Fund-Based: Upgraded & Withdrawn
🏦 Bank Partnerships:
-
SBI, PNB, HDFC, Indian Bank, SIDBI
-
Proposed additional fund limits worth ₹19.2 million
📊 Impact on Stock Market: ✅ Positive investor sentiment
✅ Lower credit risk = stronger confidence
✅ Stock may see upward momentum due to improved financial stability
👨👩👧👦 Retail Trader Benefits: 🔍 Better transparency & creditworthiness
📉 Reduced default risk
📊 Useful for investment decisions
📊 Chat / Infographic Suggestion:
| Instrument Type | Bank | Rating | Amount (INR Million) |
|---|---|---|---|
| Fund-Based Working Capital | SBI | IND BBB+/Stable/IND A2 | 410.00 |
| Term Loan | SBI | IND BBB+/Stable | 940.80 |
| Derivative Limits | SBI | IND A2 | 40.00 |
| Fund-Based Working Capital | PNB | IND BBB+/Stable/IND A2 | 750.00 |
| Term Loan | PNB | IND BBB+/Stable | 574.00 |
| Working Capital & Term Loans | HDFC, Indian Bank, SIDBI | IND BBB+/Stable/IND A2 | Various |
🧵 Phrase: “Here’s why MTIL’s credit rating boost matters to YOU!”
📢 Final Words:
This report not only reflects a key financial development for Manomay Tex India Ltd but also serves as a vital indicator for retail and institutional investors. Stay tuned—this upgrade might just signal a bigger bullish trend in the textile sector!
📉 Stock Market Disclaimer
Disclaimer: This post is for informational and educational purposes only and does not constitute financial advice or a recommendation to buy/sell any stock or share. Investing in the stock market involves risk. Past performance is not indicative of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.
