Mumbai, January 30, 2025 – NHC Foods Ltd. (BSE: 517554) announced that Infomerics Ratings reaffirmed its long-term credit rating at IVR BBB (Triple B Minus) with a Stable outlook on January 29, 2025.
Credit Rating Highlights
- Long-Term Credit Rating: IVR BBB- (Stable)
- Total Bank Facilities Rated: ₹28.70 crore
- Key Loan Components:
- Export Packing Credit (EPC)/Pre-shipment Credit in Foreign Currency (PCFC): ₹22.00 crore
- Post Shipment Credit (PSC)/Post-shipment Credit in Foreign Currency (PSCFC): ₹3.00 crore
- Emergency Credit Line Guarantee Scheme (ECLGS): ₹3.70 crore
Strategic Initiatives & Future Growth Plans
- Expansion into Sesame Seed Processing: NHC Foods plans to establish a Sesame Seeds Cleaning and Hulling Plant at its Pardi facility in Gujarat, targeting global markets such as China, Korea, Turkey, the USA, and Europe.
- Revamp of Flagship Spice Brand “SAAZ”: The company focuses on increasing brand visibility in modern retail chains and e-commerce platforms like BigBasket, Blinkit, Swiggy, and Amazon. A pilot launch in Rajkot, Gujarat, is expected within 5-6 months.
- Investment in Health & Wellness Segment: NHC Foods has granted in-principle approval to invest in Inwelco Science Pvt. Ltd., the parent company of Buyceps, a prominent health and wellness brand.
Successful Rights Issue
NHC Foods recently concluded a rights issue, which saw a strong investor response, reinforcing market confidence in the company. The funds raised will be utilized to:- Enhance operations
- Expand product offerings
- Strengthen financial stability and market position
Company Overview
Established in 1960, NHC Foods Ltd. is a government-recognized three-star export House specializing in exporting spices, food grains, oil seeds, pulses, and dry fruits. The company exports to over 30 countries and owns well-known brands like Indi Bite, Eat’mor, and SAAZ.This reaffirmation reflects NHC Foods’ commitment to financial stability and strategic growth in an evolving market landscape.
