GG Automotive Gears Gets Credit Rating Upgrade from CRISIL 8 days ago
CRISIL Ratings Limited has upgraded GG Automotive Gears Limited's long-term rating to BBB/Stable from BBB-/Stable and short-term rating to A3+ from A3 for total bank loan facilities of ₹25.00 crores. The upgrade is based on improved operating performance, consistent revenue growth, and enhanced profitability. The company's operating income grew by 19.94% to ₹114.48 cr in fiscal 2025, with PAT margin improving to 6.77%. GG Automotive Gears maintains a strong market position in the locomotives gear business, with a diversified product portfolio and strategic partnership with Indian Railways. The company's financial risk profile has strengthened, with improved debt management and liquidity position. CRISIL expects minimum revenue growth of 10.00% over the medium term.