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Prism Johnson Ltd's Rs.200 crore Commercial Paper reaffirmed "Crisil A1+" reflecting strong financials

27-Aug-26 19:47 Hrs IST

Prism Johnson Ltd announced that Crisil Ratings has reaffirmed the rating of "Crisil A1+" on its Commercial Paper of Rs.200 crore, reflecting a healthy business risk profile, strong liquidity, and financial risk profile, alongside noting an improvement in the consolidated net debt to EBITDA ratio from 2.4x for fiscal 2025 and 2.9x for fiscal 2024 to 1.2x (Fiscal 2026), with an expected further improvement below 0.5x in Fiscal 2027, and strong liquidity of Rs 548 crore as on March 31, 2026; the rating agency also highlighted the company’s prominent position as a cement player with a capacity of 5.6 MTPA, a tiles division (HRJ) with a capacity of 64 million m2, and Prism RMC, a leading RMC manufacturer with 89 plants, while noting sales of office premises amounting to Rs 165.9 crore and a stake in RQBE for Rs 325.8 crore, both of which aided leverage improvement, and annual capex plans of Rs 300-350 crore internally funded, with various instruments subject to regulation by SEBI, RBI, or MCA, and bank facilities forming part of securitisation transactions, with a competitor rating of AA-/Stable/A1+ and another of A-/Stable/A1 by Crisil, and the RBI reaffirming the Commercial Paper of Rs.200.00 with a rating of A1+.

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