CRISIL reaffirms ratings on Rupa -; Company's bank loan facilities

23 Aug 2022 , 01:50 PM

CRISIL Ratings has reaffirmed its ‘CRISIL AA-/Stable/CRISIL A1+’ ratings on the bank facilities and commercial paper of Rupa & Company Limited.

The rating rationale report stated that the ratings continue to reflect the strong business risk profile of the Rupa group on account of its established position in the domestic hosiery industry over the past five decades. 

The ratings also reflect robust financial risk profile because of healthy networth, strong gearing, and comfortable debt protection metrics and liquidity. 

CRISIL Ratings has combined the business and financial risk profiles of Rupa and its wholly-owned subsidiaries to arrive at the ratings.

At around 1:51 PM, Rupa & Company Ltd is currently trading at Rs334.20 per share up by Rs1.65 or 0.5% from its previous closing of Rs332.55 per share on the BSE.