Utssav CZ Gold Jewels, a prominent manufacturer of 18, 20, and 22 carat gold jewellery, has received a CARE BBB rating for long-term loans and a CARE A3+ rating for short-term loans. These ratings reflect the company’s solid fundamentals, financial discipline, and business stability.
According to Care Edge Ratings, the evaluation took into account the promoter’s extensive experience in the gold jewellery sector, alongside the company’s strong capital structure, healthy debt coverage indicators, expanding scale of operations with moderate profitability, and adequate liquidity profile.
Previously, Infomerics Ratings had assigned credit ratings to the company, which were revoked after Utssav submitted the necessary no-objection document to the relevant banking institutions and Infomerics in a timely manner.
Pankajkumar Jagawat, Managing Director of Utssav CZ Gold Jewels, commented that these ratings represent significant validation of the company’s continuous efforts to enhance financial stability, optimize operational performance, and efficiently scale business.
On Friday, company shares rose by two percent, closing at ₹171.
Published on October 3, 2025.
