HBL Engineering Ltd announced credit rating actions from multiple agencies, including CARE Ratings Ltd. and CareEdge Ratings, reflecting its financial performance and outlook. CARE Ratings Ltd. upgraded the rating for Long-term bank facilities to CARE AA-; Stable, from CARE A+; Positive, and reaffirmed the Short-term bank facilities at CARE A1+, enhancing it from 646.00 to 846.00, both actions supported by the Reserve Bank of India (RBI); additionally, CARE Ratings assigned an initial rating of CARE A; Stable to a Bank Loan Facility of Rs 500 Crore, reaffirmed the Long Term Debt at CARE A; Stable for Rs 200 Crore, and reaffirmed the Short Term Debt at CARE A1 for Rs 100 Crore, alongside noting an improved order book of Rs 5,902 crore as of September 2026, comfortable overall gearing of 0.03x, and cash and liquid investments of Rs 570.25 crore as of March 31, 2026, with gross cash accruals of Rs 858.86 crore in FY26; CareEdge Ratings withdrew ratings for Bank facilities (term loans) due to full repayment, while CARE Ratings Limited also mentioned Corporate Bonds and Debentures, Commercial Papers, and Structured Credit as instruments rated by the agency, and withdrew ratings for Fund-based - LT-Term Loan, Fund-based - ST- Factoring/ Forfeiting (Rs 95.00), Non-fund-based - ST- BG/LC (Rs 751.00), and Fund-based - LT/ ST - Working Capital Limits, alongside noting an ESG Risk Assessment.
