Pashupati Cotspin Limited has informed the Exchange about Credit Rating
PASHUPATI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.2 pts more than Nifty Microcap 250 and 1.2 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Pashupati Cotspin Limited's credit ratings have been upgraded by Infomerics Valuation and Rating Limited. The long-term bank facility rating moved up from IVR BB+/Stable to IVR BBB-/Stable, while short-term facilities improved from IVR A4+ to IVR A3, covering a total of Rs. 125.92 crore in bank loans. The upgrade reflects the company's strong business risk profile, experienced management led by promoter Mr. Saurin Parikh, and a significantly improved financial position — net worth nearly doubled to Rs. 119.93 crore and total debt fell sharply to Rs. 99.40 crore from Rs. 150.59 crore, bringing gearing down to 0.85x from 2.56x. However, FY25 revenue dipped 2.14% to Rs. 646.96 crore due to weak cotton yarn demand, and the company operates in a highly competitive, cyclical textile industry. Note: Brickwork had earlier placed the company in its 'Issuer Not Cooperating' category in February 2025.
The rating upgrade is a positive signal for shareholders, reflecting stronger financial health and lower credit risk, which could help the company secure borrowing at better rates in the future. The stable outlook suggests management's financial discipline is expected to continue, likely boosting investor confidence in the stock.