Mumbai, Sept. 29 -- The agency has also affirmed the company's short-term rating at 'CARE A2+'.

CARE Ratings stated that the reaffirmation of ratings to bank facilities of Everest Kanto Cylinder (EKCL) factors in its stable performance in FY26, marked by stable total operating income (TOI) and improved profitability despite muted performance of its overseas operations.

The West Asia conflict adversely affected domestic and international operations owing to supply-chain disruptions, logistical challenges in overseas operations, and higher freight costs, which was reflected in moderation in performance in Q1FY27.

EKCL has undertaken strategic capacity expansion initiatives across India, Egypt and the United States (US). Timely completion...