Globe Civil Projects Limited’s Outlook Revised To Positive By Infomerics
Mumbai (Maharashtra) [India], November 8: Infomerics Valuation and Ratings Private Limited. has revised the outlook for Globe Civil Projects Limited’s long-term bank facilities from Stable to Positive while reaffirming the rating at IVR BBB. The short-term rating of IVR A3+ has also been reaffirmed. The revision in outlook reflects Globe Civil Projects Limited’s strengthened capital structure [...]
Mumbai (Maharashtra) [India], November 8: Infomerics Valuation and Ratings Private Limited. has revised the outlook for Globe Civil Projects Limited’s long-term bank facilities from Stable to Positive while reaffirming the rating at IVR BBB. The short-term rating of IVR A3+ has also been reaffirmed.
The revision in outlook reflects Globe Civil Projects Limited’s strengthened capital structure following its successful ₹119 Cr Initial Public Offering (IPO) in July 2025, along with anticipated improvement in debt protection metrics and steady business performance. The company’s total operating income increased by 11% year-on-year to ₹325.99 Cr in FY25, supported by timely project execution and higher operational efficiency. Operating margins expanded to 16.43% in FY25 from 15.10% in FY24, while profit after tax grew by 57% to ₹24.05 Cr during the same period.
