CRISIL Ratings ne Merritronix Ltd ki credit rating ko 'BBB-/Stable' par barkarar rakha hai, par saath hi ise 'Rating Watch with Developing Implications' mein daal diya hai. Company ke numbers toh tagde hain, par ye uncertainty kyun hai?
Kya hua hai?
CRISIL Ratings ne Merritronix Ltd ki ₹20 Crore ki long-term bank facilities ko 'CRISIL BBB-/Stable' rating di hai. Lekin twsit ye hai ki agency ne ise 'Rating Watch with Developing Implications' mein rakha hai. Iska matlab hai ki company mein kuch bade developments ho rahe hain jin par agency ki gehri nazar hai.
Numbers mein dum hai
Merritronix ne achi growth dikhayi hai. FY26 mein company ki operating income badhkar ₹155.90 Crore ho gayi, jo FY25 mein ₹113.57 Crore thi. Itna hi nahi, company ka PAT (Profit After Tax) lagbhag double ho kar ₹15.18 Crore pahunch gaya hai aur PAT margin 9.74% raha hai. Saath hi, company mein ₹70 Crore ka fresh equity infusion bhi hua hai.
Risk kahan hai?
Problem working capital management mein hai. Gross current assets ka cycle 335 days (FY26) tak pahunch gaya hai, jo pichle saal 221 days tha. Iska main reason 203 days ka inventory holding period hai. Halanki operating margin 17.5% par solid hai, lekin inventory management aur input price volatility par abhi bhi dhyan dena zaroori hai.
Investors ko kya karna chahiye?
'Rating Watch' ka matlab hai ki outcomes positive ya negative dono ho sakte hain. Abhi ke liye company ke future disclosures par nazar rakhein aur dekhein ki kya management inventory cycle ko optimize kar paati hai ya nahi.