13-Oct-2026 16:32:46
UNITECIPO
UNITEC FIBRES : CRISIL UPGRADES RATINGS TO BBB/STABLE, A3+
• Long-term bank facilities upgraded to Crisil BBB/Stable from Crisil BBB-/Stable; short-term upgraded to Crisil A3+ • Total bank loan facilities rated ₹37.64 Cr, all with Kotak Mahindra Bank • Upgrade reflects ₹34.5 Cr IPO fund raise with entire proceeds as fresh offer; ₹30 Cr used for debt reduction • Net cash accruals to repayment cushion expected to improve to above 2x from below 1.5x • FY26 operating income ₹224.3 Cr v ₹226.42 Cr (YOY); PAT ₹7.51 Cr v ₹7.33 Cr (YOY), margin 3.35% • New plant commencement expected in Q3 FY27 after some delay; gearing and TOLANW seen below 1x
Unitec Fibres Ltd
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