Apollo Pipes Limited has informed the Exchange about Credit Rating
APOLLOPIPE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
ICRA Limited has reaffirmed Apollo Pipes Limited's credit rating at [ICRA]A+ (Stable) for long-term and A1 for short-term. The rating covers bank facilities totaling Rs. 150 crore, including Rs. 70 crore in non-fund-based working capital facilities (from SBI and DBS Bank) and Rs. 80 crore in fund-based working capital facilities (from SBI). The rating carries a 'Stable' outlook, indicating ICRA's view that the rating is unlikely to change in the near term. The rating action was communicated on July 11, 2025, and announced to the exchanges on July 12, 2025.
The reaffirmation of the A+ (Stable)/A1 rating signals continued confidence in Apollo Pipes' debt repayment ability and financial health, with no negative change in creditworthiness. For shareholders, this is a neutral-to-slightly-positive signal as it maintains the company's borrowing profile and keeps financing costs stable.