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Laxmi Steels Limited: Ratings Reaffirmed.pdf

A.433-Laxmi-Steels_BLR-Surveillance_October-2023.pdf

Preview of Laxmi Steels Limited: Ratings reaffirmed

🔗 Source: icranepal.com

📊 Size: 260 KB

👤 Author: naveen.kumar

⬇️ Downloads: 141

Summary

ICRA Nepal has reaffirmed Laxmi Steels Limited's long-term rating at [ICRANP] LBB and short-term rating at [ICRANP] A4, citing the company's long track record, experienced promoter group, and healthy revenue growth. The ratings are supported by the company's established supply chain, customer base, and synergy with the Saurabh Group's other units. However, the ratings are constrained by regulatory risks, weakened coverage indicators, stretched liquidity, limited product diversification, and exposure to forex risks. Key rating drivers include a strong promoter group, healthy revenue growth, and backward integration into billet production, as well as challenges such as capacity overhang in the industry, weakened coverage indicators, and liquidity concerns.

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Description

ICRA Nepal has reaffirmed Laxmi Steels Limited's long-term rating at [ICRANP] LBB and short-term rating at [ICRANP] A4, citing the company's long track record,...

Technical Information

File Format: PDF
File Size: 260 KB
Pages: 5
Language: EN
Author: naveen.kumar
Total Downloads: 141
Last Updated: 5 hours ago

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