iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Ind Ra affirms GHCL credit rating at 'IND AA-' with Stable outlook

23 Nov 2022 , 09:20 AM


GHCL has informed that on November 22, 2022, India Ratings & Research has affirmed GHCL Limited’s Long-Term Issuer Rating to ‘IND AA- Stable’.

Further, it is informed that said Credit Rating Agency, has also affirmed ‘IND A1+’ to GHCL Limited for issuance of Commercial Paper (CP) of Rs1000 million, which shall be carved out of existing working capital facilities.

According to the rating rationale report, Ind-Ra has continued to take a consolidated view of GHCL and its wholly-owned subsidiaries – Grace Home Fashion LLC and Dan River Properties LLC, owing to the strong operating and strategic linkages among the entities.

The affirmation reflects GHCL’s continued healthy business profile, reflected in its leading market position in the domestic soda ash industry, competitive cost structure, resilient margin profile and healthy credit metrics, which are likely to be sustained over the medium term.

The ratings factor in GHCL’s sale of home textiles business and the proposed demerger of the textile segment, which are likely to result in a more stable earnings profile.

At around 9:18 AM, GHCL Ltd is currently trading at Rs572 per share up by Rs3.8 or 0.67% from its previous closing of Rs568.20 per share on the BSE.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • credit ratings
  • GHCL Ltd news
  • GHCL Ltd ratings
  • GHCL Ltd shares
  • GHCL Ltd stocks
  • rating outlook
sidebar mobile


Read More

Most Read News

Indices end the day in red
21 Jun 2024|07:00 PM
Zepto raises $665 million
21 Jun 2024|07:01 PM
Market Update: Nifty and Sensex Dip
21 Jun 2024|01:47 PM
Read More
Knowledge Centerplus

Logo IIFL Customer Care Number
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

Knowledge Centerplus

Follow us on


2024, IIFL Securities Ltd. All Rights Reserved

  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.