NSECredit Rating7 Aug 2026 · 7 Aug 2026, 08:24 pm
Credit Rating
Samvardhana Motherson International Limited · MOTHERSON
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Samvardhana Motherson International Limited has informed the Exchange about Credit Rating update by ICRA Limited. The rating agency has updated the rating for existing debt programmes, with some ratings withdrawn at the company's request.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk3/10
Liquidity Impact8/10
Market Sentiment6/10
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Samvardhana Motherson International Limited has informed the Exchange about Credit Rating
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MOTHERSON_07082026202248_Credit_Rating_Update_ICRA_Limited.pdf
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August 07, 2026
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor,
Dalal Street, Plot No. C/1, G-Block
Mumbai – 400001, Bandra-Kurla Complex, Bandra (E)
Maharashtra, India Mumbai – 400051, Maharashtra, India
Scrip Code: 517334 Symbol: MOTHERSON
Sub.: Ratings Update
Dear Sir(s)/ Madam(s),
The rating agency, namely, ICRA Limited (“ICRA”), has updated the rating for existing debt
programmes. The details are as below:
Name of Instrument Previous Rated Current Rated Rating Action
Amount Amount
(Rs. Crore) (Rs. Crore)
Commercial Paper 750.00 750.00 [ICRA] A1+; Outstanding
Programme (Short term)
2,025.00 2,025.00 [ICRA] AAA (Stable);
Non-Convertible Outstanding
Debentures 475.00^ - [ICRA] AAA (Stable);
Withdrawn
Issuer Rating - - [ICRA] AAA (Stable);
Outstanding
Long Term- Fund Based- 2,000.00 2,000.00 [ICRA] AAA (Stable);
Term Loan Outstanding
Long Term- Fund Based- 100.00 100.00 [ICRA] AAA (Stable);
Working Capital Demand Outstanding
Loan
Long-term / Short Term – 75.00 75.00 [ICRA] AAA (Stable)/
Non Fund Based- BG/LC [ICRA] A1+; Outstanding
Short Term- Non Fund 425.00 425.00 [ICRA] A1+;
Based- Others (CEL) Outstanding
Total 5,850.00 5,375.00
^ ICRA has withdrawn the rating of [ICRA] AAA (Stable) assigned to INR 475 Crore NCD
(unissued) programme at the request of the Company, and in accordance with ICRA’s policy on
the withdrawal of credit ratings.
The summary of rating action and rational issued by ICRA Limited is available at: Link
Regd Office:
Unit – 705, C Wing, ONE BKC, G Block
Bandra Kurla Complex, Bandra East
Mumbai – 400051, Maharashtra (India)
Tel: 022-61354800, Fax: 022-61354801
CIN No.: L35106MH1986PLC284510
Email: investorrelations@motherson.com
The above is submitted pursuant to the Regulation 30 read with Schedule III of the SEBI (Listing
Obligations and Disclosure Requirements), Regulations, 2015 for your information and record.
Thanking you,
Yours truly,
For Samvardhana Motherson International Limited
Alok Goel
Company Secretary