BSECompany Update3d ago · 3 Sept 2026, 05:58 pm

Please find enclosed Credit Rating received by Jayant Infratech Limited.

Jayant Infratech Ltd · 543544

✦ AI SummaryRating Change

Jayant Infratech Ltd has received a credit rating of CARE BBB-; Stable for its long-term bank facilities and CARE BBB-; Stable / CARE A3 for its long-term / short-term bank facilities from CARE Ratings Limited.

Analysis Scores

Earnings Impact5/10
Growth Catalyst4/10
Governance Concern2/10
Regulatory Risk1/10
Balance Sheet Risk3/10
Liquidity Impact8/10
Market Sentiment6/10

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Jayant Infratech Ltd - 543544 - Announcement under Regulation 30 (LODR)-Credit Rating

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Date: 03rd September, 2026 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 Subject: Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 - Credit Rating. Ref : Jayant Infratech Limited (Scrip Code/ISIN: 543544/INE0KR801019) Dear Sir/Madam, In terms of Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that CARE Ratings Limited has assigned the rating of the Company in the manner given below: Security/Instrument/Facility name Amount (₹ crore) Rating Long Term Bank Facilities 28.00 CARE BBB-; Stable Long Term / Short Term Bank Facilities 13.00 CARE BBB-; Stable / CARE A3 In this regard, please find attached herewith the press release received from CARE Ratings Limited for the above credit rating. Thanking You, Yours faithfully, For, Jayant Infratech Limited Nilesh Jobanputra Managing Director DIN: 00188698 Place: Bilaspur Press Release Jayant Infratech Limited September 03, 2026 Name of the Amount Rating Facilities Rating2 Regulator1 (₹ crore) Action Long-term / Short-term bank CARE BBB-; Stable / RBI 13.00 Assigned facilities CARE A3 Long-term bank facilities RBI 28.00 CARE BBB-; Stable Assigned Details of instruments/facilities in Annexure-1. Rationale and key rating drivers Ratings assigned to bank facilities of Jayant Infratech Limited (JIL) are supported by extensive experience of its promoter, who possesses a proven track record of over two decades in the industry, and the company's demonstrated project execution capabilities. Ratings derive strength from its healthy orderbook position, supported by favourable government initiatives towards railway infrastructure development and electrification, steadily improving profitability margins, and comfortable capital structure and debt protection metrics. However, ratings remain constrained by its modest scale of operations, geography and project concentration risk, working capital intensive operations and tender-based operations in an intensely competitive civil construction industry. Rating sensitivities: Factors likely to lead to rating actions Positive factors • Sustained improvement in scale of operations marked by total operating income (TOI) of over ₹175 crore and sustenance of profitability margins at current levels. • Geographically diversifying orders with quality counterparties. • Continued maintenance of adequate liquidity and availability of adequate buffer in working capital limits. Negative factors • Sizable de-growth in TOI below ₹80 crore and deterioration in operating margin reaching less than 6% on a sustained basis. • Delayed release of retention money, leading to blockage of bank guarantee and non-availability of bank guarantee (BG) limits for execution of newly received orders. Analytical approach: Standalone Outlook: Stable The stable outlook is considering company’s long track record of operations and expected increase in scale of operations driven by promoter’s industry experience and improved order book position. Detailed description of key rating drivers Key strengths Experienced promoter with long track record of operations JIL is promoted by Nilesh Jobanputra, who has been associated with the company since inception and has gained experience in the railway infrastructure sector. He remains actively involved in the company’s day-to-day operations, supported by an experienced professional team. Modest scale of operations despite steadily improving profitability margins JIL’s scale of operations remains modest at ₹111.70 crore in FY26 while improving from ₹89.30 crore in FY24 witnessing a healthy compound annual growth rate (CAGR) of 11.84% over FY24-FY26, supported by steady order execution across railway electrification and allied infrastructure projects. JIL's profitability improved with profit before interest, lease rentals, depreciation and taxation (PBILDT) improving from ₹7.09 crore in FY24 to ₹11.20 crore in FY26. The company's PBILDT margin improved to 10.03% in FY26 from 7.94% in FY24. The improvement in profitability is driven by execution of high margin railway projects. 1SEBI: Securities and Exchange Board of India; RBI: Reserve Bank of India; MCA: Ministry of Corporate Affairs; IRDAI: Insurance Regulatory and Development Authority of India; PFRDA: Pension Fund Regulatory and Development Authority 2Complete definitions of the ratings assigned are available at www.careratings.com and in other CARE Ratings Limited’s publications. 1 CARE Ratings Ltd. Press Release Profit after tax (PAT) margin improved to 7.56% in FY26 from 5.46% in FY24, aided by low interest and depreciation costs. Consequently, gross cash accruals (GCA) remained healthy at ₹8.73 crore in FY26 against ₹5.11 crore in FY24. Comfortable capital structure and satisfactory debt protection metrics JIL's capital structure remains comfortable marked by an overall gearing of 0.55x as on March 31, 2026 (0.24x as on March 31, 2024). As on March 31, 2026, the debt position primarily comprises working capital borrowings. Debt protection metrics remained satisfactory, marked by a PBILDT interest coverage of 5.87x in FY26, compared to 6.86x in FY24. Total debt/GCA ratio stood at 3.78x as on March 31, 2026 supported by healthy operating profitability and cash accrual generation. The total outside liabilities to total net worth (TOL/TNW) ratio remained moderate at 1.03x as on March 31, 2026, reflecting a prudent leverage profile. Going forward, the company's capital structure and debt coverage indicators are expected to improve, supported by profit accretion to reserves. Healthy order book position As on July 31, 2026, JIL had an outstanding unexecuted order book of ~₹385.55 crore, translating into an order book/TOI ratio of 3.45x based on FY26 TOI of ₹111.70 crore. The healthy order book provides strong medium-term revenue visibility and is expected to support the company's scale of operations over the next two to three years. The company has also demonstrated a strong track record of order acquisition, reflected in the steady growth in order inflows over the years. Order inflows increased from ₹38.54 crore in FY21 to ₹221.80 crore in FY26, registering a healthy CAGR of ~41.9%, underscoring the company's established execution capabilities, long-standing relationships with railway authorities, and ability to secure repeat and new orders across geographies. JIL has received orders of ~₹66.23 in FY27 until July 31, 2026. Any delays in execution, changes in project scope, cost overruns, funding constraints or deferment of payments in these large contracts could adversely impact revenue generation, profitability and working capital requirements. Strong policy support for railway infrastructure and electrification The Government of India continues to increase its focus on railway infrastructure development through sustained capital expenditure on network expansion, capacity augmentation, dedicated freight corridors, station redevelopment and high-speed rail projects. In Union Budget 2026-27, significant investments have been earmarked for railway development across the country, with ongoing railway projects aggregating sizeable investments across multiple states. Notably, Chhattisgarh, which remains JIL’s key operating geography, witnessed a 24-fold increase in annual average railway budget allocation from ₹311 crore in 2009-14 to ₹7,470 crore in 2026-27, supporting ongoing railway projects worth ₹51,080 crore. Indian Railways has achieved electrification of ~99.2% of its broad-gauge network as of November 2025. The continued investment towards railway modernisation and electrification is expected to support a healthy pipeline of opportunities for railway EPC and overhead equipment (OHE) players such as JIL over the long term. Key weaknesses Geography and project concentration risk JIL primarily undertakes railway electrification, OHE, traction substation, power supply installation, and m [Showing first 8,000 characters — download PDF for full document]