Mumbai (Maharashtra) [India], February 26: Fredun Pharmaceuticals Limited (BSE โ FREDUN | 539730), is one of the Leading Pharmaceuticals Formulation manufacturing companies in India. Diversified into Generics, Cosmeceuticals, Nutraceuticals, Mobility, and animal healthcare products, has secured a credit rating upgrade from Infomerics Valuation and Rating Limited for its bank facilities aggregating to โน156.17 crore.
Infomericsย has upgraded the Companyโs long-term bank facilities toย IVR BBB+ with Stable Outlookย from IVR BBB with Stable Outlook, while reaffirming the short-term rating atย IVR A2.ย Earlier, the company received a similar upgrade from Brickwork, raising its bank facility credit rating from A3+ to A2.
A Clear Validation of Strengthening Fundamentals
The rating upgrade is a significant milestone that reflectsย FredunPharmaceuticalsย improved operational performance, stronger financial profile, and disciplined capital management across FY24 and FY25 (Audited).
The total bank facilities rated comprise:
โขย โน143.17 crore โ Long-Term Bank Facilities
โขย โน13.00 crore โ Long-Term/Short-Term Working Capital Facilities
The upgraded IVR BBB+ rating indicates an enhanced degree of safety regarding the timely servicing of financial obligations and demonstrates improving credit quality. The Stable outlook further signifies the rating agencyโs confidence in the Companyโs ability to sustain its performance trajectory and maintain a balanced financial risk profile.
Strategic Significance of the Upgrade
This development goes beyond a routine rating review. It represents:
โขย Strengthened banking confidence and institutional credibility
โขย Improved financial flexibility to support expansion initiatives
โขย Potential optimization of borrowing costs
โขย Enhanced positioning for future growth capital requirements
As Fredun Pharmaceuticals continues to expand its export presence across Africa, Southeast Asia, CIS countries, and Latin America, the upgraded credit rating strengthens its financial flexibility to efficiently manage working capital and support strategic growth initiatives.
The upgrade reflects the Companyโs consistent revenue momentum, operational efficiency, and prudent leverage management, reinforcing its commitment to building a resilient, scalable, and globally competitive pharmaceutical platform.
Commenting on the update, Mr. Fredun Medhora, Managing Director, said, โThis upgrade is encouraging for all of us at Fredun. It reflects the hard work of our team and the disciplined manner in which we are building the business. As we continue to grow across markets, our focus remains on strengthening the Companyโs foundation while pursuing larger opportunities responsibly.โ
Disclaimer: This article is for informational purposes only and does not constitute financial advice.
