Kanpur Plastipack Limited has informed the Exchange about Credit Rating
KANPRPLA · price
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Awaiting price reaction for this filing.
CRISIL Ratings has reaffirmed Kanpur Plastipack's long-term bank facility rating at CRISIL BBB+/Stable and assigned a short-term rating of CRISIL A2. Total rated bank loan facilities have been significantly enhanced from Rs 80 crore to Rs 225 crore. The company reported strong FY25 performance with revenue growing 26.4% to Rs 628.61 crore and operating margin improving to 9.5% from 5.43%. Profit after tax jumped to Rs 11.10 crore from Rs 0.81 crore, and gearing improved to 0.70x from 1.25x. The company has repaid all debt related to its now-shut CPP film division, with outstanding debt at just Rs 24 crore as of July 2025.
Positive for shareholders — reaffirmation of investment-grade rating, sharp jump in sanctioned bank limits, and strong improvement in profitability and balance sheet signal improved financial flexibility. The stable outlook and enhanced credit lines support growth funding, though concentration in European markets (45-50% of revenue) remains a key risk to monitor.