Panama Petrochem Limited has informed the Exchange about Credit Rating
PANAMAPET · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
CARE Ratings has reaffirmed the credit ratings on Panama Petrochem's bank facilities. Long-term bank facilities of ₹64 crore retain the CARE A+ rating with a Stable outlook, and short-term bank facilities of ₹585 crore retain the CARE A1+ rating. The company is essentially net debt-free with a very low overall gearing of 0.15x and strong interest coverage of 13.58x in FY25. Revenue grew 18% year-on-year to ₹2,792.89 crore in FY25, though PBILDT margins moderated to 8.83% from 10.82% in FY24 due to higher employee and freight costs. The stable outlook reflects expectations of continued healthy financial risk profile in the medium term.
This is a neutral-to-mildly positive signal — the rating reaffirmation with a stable outlook confirms the company's credit quality remains unchanged, supported by its debt-free status, strong liquidity, and consistent revenue growth. Shareholders can take comfort that there is no deterioration in creditworthiness, though margins remain a watch point.