2024-12-19 05:51:06 pm | Source: PR Agency
This revision in outlook by CRISIL highlights the company’s testament to the company's dedicated efforts to position itself among the world's largest specialty chemical manufacturers. The company is well known for its robust financial and operational performance.
CRISIL revises` EPIGRAL LIMITED outlook to Positive
Rating agency CRISIL Rating revised Epigral Limited, India’s leading integrated chemical manufacturer’s, long term outlook to CRISIL AA- with a Positive outlook, from Stable outlook. The Short-term rating of the company has been reaffirmed at CRISIL A1+.
This revision in outlook by CRISIL highlights the company’s testament to the company's dedicated efforts to position itself among the world's largest specialty chemical manufacturers. The company is well known for its robust financial and operational performance.
The company recently announced the expansion project of CPVC and Epichlorohydrin (ECH). CPVC resin capacity will be expanded to 1,50,000 TPA (Tonnes Per Annum) by adding another 75,000 TPA capacity and Epichlorohydrin (ECH) capacity will be enhanced to 1,00,000 TPA by adding another 50,000 TPA capacity, at Epigral’s Dahej facility in Gujarat. This will elevate the company’s CPVC resin capacity to the largest resin facility in the world and Epichlorohydrin will be the largest facility in India. These are in line with Epigral’s vision of focusing on import substitute chemical products aligning with the Government of India’s initiative of Aatmanirbhar Bharat and Make in India.
In its recently released Q2FY 25 results, Epigral reported a remarkable growth of 111% in Profit After Tax (PAT), alongside a significant increase in quarterly revenue, which rose by 32% to Rs 632 crores in the quarter ending September. Also, net Debt/EBITDA improved continuously to 1.4x as on 30th September 2024 compared to 1.8x as on 30th September 2023.
Above views are of the author and not of the website kindly read disclaimer
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
Afcons Infrastructure surges after it declared as Lo...
HDFC Asset Management Company gains on reporting 24%...
Buy Godrej Properties Ltd for the Target Rs.2,843 by...
National Stock Exchange CEO Ashish Chauhan`s book 'S...
Buy Indian Hotels Ltd for the Target Rs.900 by Motil...
Digi Yatra hits 15 million downloads, aims to serve ...
India should continue buying Russian crude despite U...
Technical Trading Idea : CG Power and Industrial Sol...
Buy HDFC AMC Ltd for the Target Rs.6,400 by Motilal ...
Government initiates formulation of the Automotive M...
