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CRISIL reaffirms 'A1+' rating on Ramco Industries' commercial paper worth Rs100cr

For arriving at the rating, CRISIL Ratings has combined the business and financial risk profiles of RIL and its subsidiaries.

January 31, 2022 4:10 IST | India Infoline News Service
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CRISIL Ratings has reaffirmed its rating on the commercial paper programme worth Rs100cr of Ramco lndustries Limited (RlL) at 'CRlSlL A1+'.

As per reationale report, the rating continues to reflect RIL's established position in the domestic asbestos cement (AC) roofing market and improving presence in the Sri Lankan market, and healthy revenue diversity through presence in textiles, calcium silicate boards, and wind power segments.

The rating also considers the company's adequate operating effciencies, and its healthy financial risk profile, driven by steady cash accrual. prudent working capital management, and moderate expansion plans. 

For arriving at the rating, CRISIL Ratings has combined the business and financial risk profiles of RIL and its subsidiaries.

Ramco Industries ended at Rs244.15 apiece down by Rs0.85 or 0.35% on Sensex.

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