Ind-Ra assigns Yasho Industries' long-term issuer rating 'IND BBB' with stable outlook

Ind-Ra assigns Yasho Industries' long-term issuer rating 'IND BBB' with stable outlook.

May 14, 2021 10:05 IST India Infoline News Service

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India Ratings and Research (Ind-Ra) has assigned Yasho Industries Limited a Long-Term Issuer Rating of ‘IND BBB’. The Outlook is Stable.

'IND A2' rating is assigned to non fund based limit.

A substantial increase in the scale of operations, leading to the interest coverage exceeding 3.5x, while maintaining the liquidity would be positive for the ratings. 

Incorporated in 1985, YIL manufactures various chemicals such as aroma chemicals, food antioxidants, rubber chemicals, lubricant additives and specialty chemicals. It has a portfolio of 160 products. Vinod Jhaveri is the promoter of the company.

At around 10:53 AM, Yasho Industries was trading at Rs440 per piece higher by Rs18.90 or 4.49% on Sensex.

Previously, the scrip was closed at Rs421.10 per piece on Thursday.

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