CRISIL Ratings has reaffirmed its ‘CRISIL A-/Stable/CRISIL A2+’ ratings on the bank facilities of Kaira Can Company Limited (KCCL).
According to the rationale report, the ratings continue to reflect KCCL’s established market position in the tin can industry, its strong association with Gujarat Co-operative Milk Marketing Federation Ltd, and healthy financial risk profile.
These strengths are partially offset by moderate scale of operations, and susceptibility to volatility in input prices.
On Wednesday at around 1:32 PM, Kaira Can Company was trading at Rs2,134 apiece down by Rs145.1 or 6.37% against previous closing of Rs2,279.10 apiece on the BSE.
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