Imagicaaworld Entertainment Secures ‘IND A’ Rating from India Ratings & Research

On December 19, 2024, Imagicaaworld Entertainment announced that it had received a stable credit rating from India Ratings & Research (Ind-A) for its various financial instruments. The ‘IND A’ rating highlights the company’s financial position, business performance, and ability to meet its financial obligations.

Imagicaaworld Entertainment share price closed 1.99% lower at ₹73.95 on the BSE, with a market capitalisation of ₹4,010.53 crore. The total traded volume stood at 1.35 lakh shares, resulting in a turnover of ₹99.04 lakh.

How The Ratings Follows On Different Segments 

• Fund/Non-Fund Based Working Capital Limit (₹200 million): IND A/Stable/IND A1
• Working Capital Limit (₹450 million): IND A/Stable/IND A1
• Term Loans (₹3,060 million): IND A/Stable
• Proposed Fund/Non-Fund Based Working Capital Limit (₹40 million): IND A/Stable/IND A1

These ratings highlight Imagicaaworld’s strong market position, bolstered by its diverse portfolio of parks, extensive geographical presence, and the rich expertise of its promoters, who bring over two decades of experience in the theme park industry.

Management on Stable Outlook

The stable outlook reflects the company’s operational resilience, prudent financial management, and long-term growth strategy. Mr. Jai Malpani, Managing Director of Imagicaaworld Entertainment Limited, commented, “This rating is a testament to the financial discipline and resilience of Imagicaaworld Entertainment. It marks a significant milestone in the company’s turnaround journey, reaffirming the trust placed in us by our stakeholders.”

He further added, “As we continue to innovate and expand, this rating strengthens our ability to pursue growth opportunities while delivering exceptional value to our customers and shareholders. Our focus remains on operational excellence and sustainable growth, enhancing our position as a premier destination for entertainment and leisure.”

About Imagicaaworld Entertainment

Imagicaaworld Entertainment operates some of India’s leading theme and water parks, including Imagicaa, WetnJoy, Sai Teerth, and Aquaimagicaa. The company offers a wide array of experiences, ranging from thrilling rides and water attractions to spiritual destinations, catering to families and tourists of all ages.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.