Automotive Axles Limited Gets Credit Rating Reaffirmed by ICRA at [ICRA]AA-(Stable)/[ICRA]A1+ for Rs. 135 Crore Facilities
Automotive Axles Limited received reaffirmation of its [ICRA]AA-(Stable)/[ICRA]A1+ credit rating from ICRA Limited for Rs. 135.00 crore facilities on February 2, 2026. The rating covers banking facilities distributed across HDFC Bank (Rs. 50.0 crore), Federal Bank (Rs. 60.0 crore), and Axis Bank (Rs. 25.0 crore). The company disclosed this development under SEBI regulations, with the ratings subject to annual surveillance and potential review based on changing circumstances.

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Automotive axles Limited announced that ICRA Limited has reaffirmed the company's credit rating, maintaining its strong financial standing in the automotive components sector. The rating agency communicated this decision through its letter dated February 2, 2026, as disclosed by the company under regulatory requirements.
Credit Rating Details
ICRA Limited reaffirmed Automotive Axles Limited's credit rating at [ICRA]AA-(Stable)/[ICRA]A1+ for its banking facilities. The rating action covers the company's comprehensive financial arrangements with multiple banking partners.
| Instrument | Rated Amount (Rs. crore) | Rating Action |
|---|---|---|
| Long-term Fund-based Term loan | 0.00 | - |
| Long-term/Short-term Fund-based/Non-fund based Others | 135.00 | [ICRA]AA-(Stable)/[ICRA]A1+ Reaffirmed |
| Total | 135.00 |
Banking Facility Distribution
The total rated amount of Rs. 135.0 crore is distributed across three major banking institutions, providing the company with diversified financial support.
| Bank | Amount (Rs. crore) | Rating | Rating Assigned On |
|---|---|---|---|
| HDFC Bank Limited | 50.0 | [ICRA]AA-(Stable)/[ICRA]A1+ | January 27, 2026 |
| Federal Bank Limited | 60.0 | [ICRA]AA-(Stable)/[ICRA]A1+ | January 27, 2026 |
| Axis Bank Limited | 25.0 | [ICRA]AA-(Stable)/[ICRA]A1+ | January 27, 2026 |
| Total | 135.0 |
Regulatory Compliance
The company made this disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was signed by Debasis Panda, Company Secretary & Compliance Officer, demonstrating the company's commitment to maintaining transparency with stakeholders and regulatory authorities.
Rating Surveillance and Conditions
ICRA Limited noted that the reaffirmed ratings will become due for surveillance within one year from the date of the rating communication letter. The rating agency reserves the right to review and revise the ratings based on new information or changing circumstances that could impact the company's creditworthiness. The ratings are specific to the current terms and conditions of the instruments, and any changes would require a review by ICRA Limited.
Historical Stock Returns for Automotive Axles
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.91% | -0.25% | +2.81% | +4.77% | +12.46% | +82.04% |


































