Parmeshwar Metal Limited has announced a board meeting to consider the financial results for the quarter and half-year.

CRISIL has reaffirmed the company’s credit ratings for Rs 28.12 crore of bank loan facilities at BBB-/Stable (long term) and A3 (short term). The financial risk profile strengthened significantly post its recent SME-IPO, boosting net worth to Rs 70.68 crore and lowering external debt to Rs 10.20 crore.

The company benefits from promoters’ 15+ years of experience in copper rods and wires, with revenue growing 13% annually to Rs 1,382 crore in FY25. Margins remain vulnerable to raw material price swings and intense competition, but liquidity and debt metrics are comfortable.