Rating6 Aug 2026, 02:51 pm
BLS International Gets ICRA AA-(Stable) Rating
AI Summary
BLS International Services Ltd announced that ICRA Limited has assigned a long-term rating of ICRA AA-(Stable) and a short-term rating of ICRA A1+ to its rated instruments aggregating ₹300 crore. These ratings are one notch above the company's existing CRISIL ratings. ICRA cited BLS International's strong competitive position, robust growth trajectory (operating income grew from ₹850 crore in FY2022 to ₹2,998 crore in FY2026), healthy profitability, and strong liquidity as key drivers. The company maintains a net cash position of approximately ₹1,218 crore as of March 31, 2026.
Key Highlights
- ICRA assigns AA-(Stable) long-term and A1+ short-term ratings.
- Ratings are one notch above existing CRISIL grades.
- Operating income grew to ₹2,998 crore in FY2026.
- Company holds ₹1,218 crore net cash position.
- Strong competitive position and execution track record highlighted.
Price Impact
More from BLS