Havells India Receives Positive Credit Ratings from CARE

Havells India Ltd. has been rated ‘AAA’ by Credit Analysis & Research Ltd (CARE) on long-term and ‘A1+’ on short-term basis.

Credit Ratings of CARE signifies that the company can repay the debt on time and carries lowest credit risk. Short-term ratings consider a period of one year or less while long-term credit ratings define a period of more than one year.

Compounded Annual Growth Rate (CAGR) of the company, for last five years, was 10% for the profit and 16% for the sales.