Megastar Foods Limited has announced that CARE Ratings Limited has upgraded the company’s credit ratings for its bank facilities following a review of its operational and financial performance for FY25 and H1FY26.
The ratings for the company’s long-term bank facilities of ₹61.29 crore have been upgraded from CARE BB+; Stable to CARE BBB-; Stable. Additionally, long-term/short-term bank facilities amounting to ₹173 crore have been upgraded from CARE BB+; Stable / CARE A4+ to CARE BBB-; Stable / CARE A3, while a new facility of ₹6.71 crore has been assigned a rating of CARE BBB-; Stable / CARE A3.
Megastar Foods’ Managing Director, Vikas Goel, said the rating action reflects the company’s improving financial health and operational stability. CARE Ratings highlighted the company’s strong performance in the past fiscal year and continued growth trajectory.
The total rated facilities of Megastar Foods now stand at ₹241 crore, covering term loans, cash credit limits, working capital facilities, and bank guarantees across HDFC Bank and Citi Bank.
CARE Ratings noted that the rating upgrade reflects confidence in Megastar Foods’ creditworthiness but emphasized that ratings are subject to continuous review and may change based on future performance or other relevant factors.
About Megastar Foods: The company operates in the food processing sector, with manufacturing units in Kurali-Ropar Road, Punjab. It has been consistently expanding its operations and maintaining a strong financial profile, contributing to the recent rating upgrade.
Source: CARE Ratings & Company Filing to BSE/NSE
