Faze Three Ltd: CARE reaffirms bank facility ratings at CARE A; Stable
RATING
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 09 Jul 2026, 12:26 PM IST · BSE ID: 461346de-6f6c-4c9a-b635-9324c56b6407
View Original BSE Filing (PDF)
💡
In Simple Terms
The company's creditworthiness for its bank loans has been confirmed by a rating agency, indicating stable financial health.
🤖 AI Summary
- Faze Three Ltd's long-term and short-term bank facilities aggregating Rs. 280.00 crores were reaffirmed.
- Ratings assigned are CARE A; Stable for long-term and CARE A1 for short-term facilities.
- CARE Ratings removed the company's ratings from Rating Watch with Negative Implications.
- FY26 revenue grew 34% to Rs. 923 crore, supported by sales volume and new products.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Aggregate Bank Facilities
Rs. 280.00 crores
Long-Term Rating
CARE A; Stable
Short-Term Rating
CARE A1
FY26 Revenue
₹923 crore
34%
FY26 PBILDT Margin
10.12%
FY25 PBILDT Margin
13.03%
Overall Gearing FY26
0.69x
🏢 How This Affects the Company
The reaffirmation of credit ratings is expected to support Faze Three Limited's ongoing operational stability and access to funding for its business activities.
Stable credit ratings can positively influence borrowing costs and financial flexibility. The PBILDT margin moderated to 10.12% in FY26 from 13.03% in FY25.
The company's ability to leverage established relationships and manage operational costs amidst geopolitical and tariff challenges remains key.
The rating outlook has improved with the removal from Rating Watch, though geographical concentration risk and raw material price fluctuations remain constraints.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders based on this credit rating announcement.
👤
Who Is Affected
All shareholders are indirectly affected as credit ratings impact the company's financial leverage and operational flexibility.
🔍
Management Signal
Management is focused on navigating external challenges like tariffs and supply chain disruptions while driving revenue growth.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List - track these upcoming events
Q1 FY27 results for revenue and PBILDT margin trends.
Management commentary on US tariff impact and supply chain stability.
Update on capacity utilization and PLI MMF scheme benefits.
MEDIUM RISK
Geographical concentration risk, raw material price fluctuations, and moderated profitability margins are key concerns.
💡 Investor Takeaway
Faze Three Ltd's bank facilities rated CARE A; Stable and CARE A1. FY26 revenue grew 34% to Rs. 923 crore, despite moderated PBILDT margins at 10.12%.
⚖️ Strengths & Concerns
✅ Positives
- Revenue grew 34% YoY to Rs. 923 crore in FY26 from Rs. 690 crore in FY25, driven by volume and new products.
- Company maintains adequate capital structure with overall gearing at 0.69x and TOL/TNW at 0.89x in FY26.
⚠️ Concerns
- PBILDT margin moderated by ~300 bps YoY to 10.12% in FY26 due to absorbed tariffs and operational costs.
- High geographical concentration risk with over 60% revenue from US exports over the last five years.
❓ Frequently Asked Questions
What are Faze Three Limited's credit ratings for its bank facilities?
CARE Ratings has reaffirmed Faze Three Limited's long-term bank facilities at CARE A; Stable and short-term facilities at CARE A1.
What is the aggregate amount of Faze Three Limited's rated bank facilities?
The aggregate amount of Faze Three Limited's bank facilities rated by CARE Ratings is Rs. 280.00 crores.
What was Faze Three Limited's revenue in FY26?
Faze Three Limited's revenue in FY26 was ₹923 crore, representing a 34% year-on-year growth.
How did Faze Three Limited's PBILDT margin change in FY26?
Faze Three Limited's PBILDT margin moderated to 10.12% in FY26 from 13.03% in FY25.
Were Faze Three Limited's ratings placed on watch?
Yes, CARE Ratings had placed Faze Three Limited's ratings under Rating Watch with Negative Implications but has now removed them.
Questions based on this BSE filing only. For information purposes.