POCL Enterprises Limited has received reaffirmation of its credit ratings from CARE Ratings Limited, maintaining its investment-grade status across various bank facilities. The rating agency has confirmed the company's financial stability while highlighting both strengths and areas of concern in its comprehensive assessment.

Rating Details and Facility Enhancement

CARE Ratings has reaffirmed the existing ratings for POCL Enterprises' bank facilities, with notable enhancements in facility amounts:

The total bank facilities now stand at ₹168.27 crore, representing a significant increase from the previous ₹141.88 crore, reflecting the company's expanded operational requirements and growth trajectory.

Operational Performance and Growth Trajectory

POCL Enterprises has demonstrated sustained improvement in its scale of operations over the past five years. In FY25, the company's total operating income increased by 29.00% year-on-year to ₹1,450.10 crore compared to ₹1,120.44 crore in FY24. This growth was driven by expansion across both trading and manufacturing segments.

The trading segment showed particularly strong performance, with revenue nearly doubling to ₹414.00 crore in FY25 from ₹224.00 crore in FY24. Manufacturing revenue recorded steady growth of 15.00% to ₹1,034.17 crore, supported by higher sales volumes and improved realizations.

Capital Structure Strengthening

The company's capital structure has improved significantly following a preferential issue in June 2025. POCL Enterprises raised ₹69.67 crore through this issue, comprising ₹58.30 crore via equity shares and ₹11.37 crore through convertible warrants. The company received ₹61.14 crore in June 2025, with the remaining warrant amount expected within 18 months.

This capital infusion has strengthened the company's overall gearing ratio, which improved to 1.13x as of March 31, 2025, from 1.54x in the previous year. The debt coverage indicators also showed improvement, with total debt to gross cash accruals at 3.24x and interest coverage at 3.24x.

Strategic Investment and Expansion

POCL Enterprises has made a strategic investment in PlanetFirst Green Private Limited (PGPL), acquiring a 40.00% equity stake for ₹19.00 crore. This investment includes ₹2.00 crore for equity shares and ₹17.00 crore towards 85.00% non-convertible redeemable preference shares. The Board of Directors has also approved the proposed amalgamation of PGPL with POCL Enterprises, subject to regulatory approvals.

Key Challenges and Risk Factors

Despite the positive rating reaffirmation, CARE Ratings has identified several challenges:

• Customer Concentration Risk: The top five customers contributed 66.00% of total domestic revenue in FY25, with one major client group accounting for 44.00%
• Thin Margins: The company faces vulnerability to raw material price volatility and forex risk
• Regulatory Risk: Stringent environmental standards in the lead recycling industry require ongoing compliance
• PGPL Integration: The acquired entity has accumulated losses, and its turnaround remains a key monitoring factor

Rating Outlook and Sensitivities

CARE Ratings maintains a stable outlook, believing the company will sustain healthy operational performance considering its established client base. Positive rating factors include improvement in PBLDT margin above 5.00% and total debt to gross cash accruals below 2.50x on a sustained basis. Negative factors include decrease in scale of operations, PBLDT margins below 2.00%, overall gearing beyond 1.50x, or elongation in collection/inventory period beyond three months.

Source: None/Company/INE035S01028/aaff820c-7cb4-4ebe-8903-a1889a7a152d.pdf

POCL Enterprises Limited has filed regulatory disclosures regarding recent share acquisitions by its promoter group members. The company submitted Form C disclosures to BSE Limited under Regulation 7(2) read with Regulation 6(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015, detailing market purchases executed by two key directors.

Promoter Share Acquisitions

The disclosure reveals coordinated share purchases by the company's leadership on February 19, 2026. Both transactions were conducted through market purchases on BSE Limited, demonstrating confidence in the company's prospects.

Transaction Details

Devakar Bansal, the Managing Director and Promoter, acquired 10,959 equity shares valued at ₹19,93,033. His shareholding increased from 27,57,954 shares representing 8.96% to 27,68,913 shares representing 9.00% of the company's equity capital. Additionally, Bansal maintains 49,506 convertible warrants representing 8.79% of warrant holding, which remained unchanged in this transaction.

Sagar Bansal, Member of Promoter Group and Whole-time Director, purchased 11,291 equity shares for ₹19,61,533. His stake expanded from 61,881 shares (0.20%) to 73,172 shares (0.24% without dilution and 0.23% on diluted basis).

Regulatory Compliance

The company filed the mandatory disclosures with BSE Limited on February 19, 2026, the same date as the share acquisitions. Company Secretary & Finance Head Aashish Kumar K Jain signed the regulatory submissions, ensuring compliance with SEBI's insider trading regulations.

Market Transaction Summary

Both promoters executed their purchases through regular market transactions on BSE Limited, with the combined transaction value reaching ₹39,54,566. The purchases demonstrate increased promoter commitment to the company, with both directors expanding their equity positions through open market acquisitions. The transaction values exclude taxes, brokerage, and other charges as per regulatory disclosure requirements.