Pasupati Acrylon Limited has informed the Exchange about Credit Rating
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CARE Ratings has reaffirmed Pasupati Acrylon's credit ratings: CARE BBB+; Stable for long-term bank facilities (₹175.62 crore, reduced from ₹193.62 crore) and CARE A2 for short-term bank facilities (₹248 crore, enhanced from ₹230 crore). The ratings reflect improvement in FY25 operational performance, with total operating income growing ~8% to ₹622.07 crore and PBILDT margin rebounding sharply to 7.31% from 3.07% in FY24. The company's capital structure remains comfortable with overall gearing at 0.51x, strong interest coverage of 18.22x, and adequate liquidity with cash and bank balance of ₹122.83 crore. Ratings also factor in the company's established position in the acrylic staple fibre industry and diversification into CPP films and a newly commissioned 150 KLPD grain-based ethanol plant.
The reaffirmation of BBB+ Stable rating signals continued financial stability and unchanged creditworthiness, which is neutral to mildly positive for shareholders. The stable outlook and improved FY25 margins reduce near-term concerns, though execution risk at the new ethanol plant and raw material price volatility remain key monitorables.