CRISIL upgrades short-term rating to A1+; long-term A+/Stable reaffirmed

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AMBIKCO · price

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-0.3%1-day move

₹1641.40

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₹1633.80

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AI summary

Crisil has upgraded Ambika Cotton Mills' short-term bank facility rating to A1+ from A1, and reaffirmed the long-term rating at A+/Stable. The upgrade reflects sustained improvement in liquidity, with net cash rising to about Rs 198 crore as of March 2026 from Rs 135 crore in March 2024. The company remains debt-free with no external borrowings. Total bank facilities rated stand at Rs 455.55 crore. Revenue grew to Rs 780 crore in FY26 from Rs 721 crore in FY25, with operating margin holding at 14-15 percent.

Likely market impact

Positive: stronger credit rating, debt-free balance sheet, and robust liquidity support investor confidence in financial health.