KARAMTARAKaramtara Engineering Ltd.
Karamtara gets IND AA- upgrade from India Ratings on ₹2,432 crore of loans
- Credit rating
- Infrastructure
Karamtara Engineering (NSE: KARAMTARA) had its bank loan rating raised to IND AA- from IND A+ by India Ratings on ₹2,432 crore of facilities, it said in a filing on 20 Oct 2026. The company's market value was ₹10,846 crore on 19 Oct 2026, and its consolidated net profit for the quarter to 30 Jun 2026 was ₹87.37 crore.
Key highlights
- Long-term bank loan rating: IND AA-, Stable outlook, up from IND A+ (rating dated 19 Oct 2026)
- Short-term rating: IND A1+, up from IND A1
- Rated bank facilities: ₹2,432 crore across 33 bank lines
- FY26 consolidated revenue: ₹4,312 crore, with an EBITDA margin of 11.6%
- Net leverage: 3.50x in FY26; the agency expects below 3.5x over FY27-FY28
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