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Globe Civil Projects announced that Infomerics Ratings has revised the outlook on its bank facilities to 'positive', citing improved financial strength following its IPO earlier this year. The upgrade reflects expectations of stronger debt protection metrics, with total debt projected to fall to INR 120 crore by FY26 from INR 155 crore last year. The company's FY25 revenue rose 11% to INR 325.99 crore, supported by faster project execution and improved operating margins of 16.43%. With an order book of INR 1,001.28 crore-about three times its FY25 revenue- Globe Civil Projects enjoys solid revenue visibility, a healthier capital structure, and sustained operational momentum for the near term.
Globe Civil Projects stated that the strengthened capital structure following its initial public offering earlier this year had prompted Infomerics Ratings to upgrade the outlook on its bank facilities to 'positive'. The company said the favourable action was based on expectations of enhanced debt protection metrics, supported by a reduction in total debt to INR 120 crore by the close of fiscal 2026. Its debt had stood at INR 155 crore at the end of the previous fiscal year. Advertisement
The firm also reported that its scale of operations expanded to INR 325.99 crore in fiscal 2025, representing an 11 per cent increase over the preceding year. This growth was primarily attributed to a faster pace of project execution. According to the company, operating margins improved to 16.43 per cent in fiscal 2025 from 15.10 per cent in fiscal 2024, a result of strategic procurement decisions to purchase steel and other construction materials in bulk before commencing newly awarded contracts.
As of late September, the company maintained an order book valued at INR 1,001.28 crore, equivalent to 3.07 times its revenue for fiscal 2025. This, the company added, provided solid revenue visibility for the near to medium term.
Infomerics Ratings' decision to revise Globe Civil Projects' outlook to 'positive' reflects growing investor confidence in the company's financial stability and operational expansion. With a stronger capital base following its IPO, a declining debt trajectory, and a robust order book ensuring visibility of future income, Globe Civil Projects appears positioned for steady growth in the coming fiscal periods.
Source - PTI
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