PTC Industries gets rating upgrade, doubles credit facility to Rs 355 cr

PTC Industries upgraded to A (Stable) and A1 ratings, doubling its credit envelope to Rs 355 cr and positioning the firm for strong earnings growth.

• Credit upgrade & funding boost: Long‑term fund‑based rating lifted to A (Stable) and short‑term limit to A1, expanding total draw‑down capacity from Rs 175 cr to Rs 355 cr – more than a two‑fold increase.
• Operating income surge: Rose from Rs 256.9 cr in FY24 to Rs 308.1 cr in FY25, with a Rs 377.3 cr projection for the first nine months of FY26, signalling a clear upward trend.
• Capital‑expenditure plan: Rs 500 cr slated for FY2026‑FY2028 to add new VAR, VIM, plasma‑arc and ECBHR furnaces, expanding high‑margin aerospace and defence production.
• Liquidity & leverage: Cash & equivalents around Rs 298 cr, unused working‑capital limits > Rs 60 cr, total debt Rs 179.3 cr, debt/OPBDIT at 2.6×, and interest‑coverage ratio near 9.8× – a solid cushion for the expanded credit line.
• Export‑driven margins: Over 80 % of FY25 revenue came from overseas customers; operating profit margin expected to stabilise in the 20‑22 % range, supported by the new furnace suite and the recent Trac Precision Solutions acquisition.