India Ratings (Ind-Ra) ne KSR Footwear ki long-term bank loan rating ko 'IND BB-' se badha kar 'IND BB+/Stable' kar diya hai. Purana stock clear karne aur margins behtar hone ki wajah se ye upgrade mila hai.
Rating Upgrade ke peeche ki kahani
KSR Footwear ke liye acchi khabar hai! India Ratings ne company ki bank loan facilities ke liye rating ko upgrade karke IND BB+/Stable kar diya hai. Ye company wahi hai jo Khadim India ke footwear business se alag (demerger) hokar bani thi.
Numbers kya keh rahe hain?
- EBITDAR Margins: Ye badhkar 6.25% tak pahunch gaye hain (1QFY27 mein).
- Interest Coverage: Ye sudhar kar 3.22x ho gaya hai, jo dikhata hai ki company apne debt ko behtar manage kar rahi hai.
- Inventory Cleanup: Company ne purana stock bech kar working capital cycle ko 119 days (FY26) tak le aaye hain, jo pehle 188 days (FY25) tha.
Risk abhi bhi baaki hai?
Rating badhne ke bawajood, India Ratings ne caution dikhaya hai. Company ka bank limit utilization 96.38% ke aas-paas raha hai (June 2026 tak), iska matlab hai ki cash flow ya liquidity ka pressure abhi bhi bana hua hai. Investors ko nazar rakhni hogi ki kya company apne credit lines par itni nirbhar rahegi ya margins ko bina debt ke sustain kar payegi.