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Awaiting price reaction for this filing.
Ajanta Soya informed BSE that CRISIL has reaffirmed its credit ratings on Rs 170 crore of bank loan facilities. The long-term rating stands at Crisil BBB- with the outlook upgraded from 'Stable' to 'Positive', while the short-term rating is reaffirmed at Crisil A3. CRISIL cited a 30% year-on-year revenue growth to Rs 1,300 crore in FY25 and recovery in operating margin to 2.8–3% (from just 0.5% in FY23), driven by improved palm oil realisations, as reasons for the positive outlook. The company's financial risk profile remains healthy with negligible debt (gearing below 0.1x), strong interest coverage of 8–9x, adequate liquidity, and unutilised bank limits. Risks noted include volatile raw material prices and sensitivity to import duty and forex changes.
The positive outlook signals CRISIL's expectation of sustained improvement in business performance and could boost investor and lender confidence. However, the actual rating level (BBB-) remains lower than prior years, reflecting past earnings volatility, so the positive sentiment may be modest.