Manaksia Coated Metals & Industries Limited, a leading manufacturer and exporter of pre-painted and plain galvanised steel products, has announced that Acuité Ratings & Research has upgraded the company’s credit ratings. The long-term rating has been raised from A(-) to A, while the short-term rating has improved from A2 to A1.

The upgrade reflects Manaksia Coated Metals’ strong financial profile, consistent performance, and prudent financial management. Acuité highlighted the company’s healthy balance sheet, robust operational metrics, and its ability to sustain growth across domestic and international markets as key factors supporting the improved ratings.

Looking ahead, the company is implementing strategic initiatives to drive sustainable growth, including an Aluminium-Zinc technology upgrade, capacity expansion to 180,000 MTPA, a 7.0 MWp captive solar project to reduce energy costs, and commissioning of Color Coating Line 2 in Q4 FY26 to boost high-margin production. These measures, combined with the upgraded ratings, are expected to enhance financial flexibility, reduce borrowing costs, and reinforce the company’s position as a trusted player in the coated metals sector.

Commenting on the development, Karan Agrawal, Whole Time Director of Manaksia Coated Metals, said, “The external credit rating upgrade by Acuité validates our financial discipline, operational strength, and consistent growth. It will provide improved access to capital, greater flexibility, and reduced borrowing costs, enabling us to strengthen our growth trajectory. Our future plans focus on scaling operations, enhancing efficiency, and expanding our presence in premium global markets, with exports continuing as a key growth driver.”