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Crisil Ratings reaffirmed Kanchi Karpooram Ltd’s Corporate Credit Rating at BBB-/Stable, citing a networth of Rs 217 crore

16-Oct-26 18:34 Hrs IST

Kanchi Karpooram Ltd announced that Crisil Ratings has reaffirmed its Corporate Credit Rating of Crisil BBB- / Stable, with a rationale dated October 13, 2026, alongside a Standalone Business Risk Profile and Standalone Financial Risk Profile both rated N/A, noting a networth of Rs 217 crore as of March 31, 2026, and highlighting that any debt-funded capex will be monitored; Crisil also reaffirmed the Corporate Credit LT rating of 0.0 at BBB-/Stable, and a separate rating of BBB/Positive, along with ratings of B-, BBB-, and BB+ (Stable), and revised the rating symbols for Market Linked Debentures (PPMLDs), while the Working Capital Facility of Rs 25 crore carries an Adequate rating with a Stable outlook and was utilized at an average of 20% as of September 2026; the agency also noted that ratings were assigned during a regulatory regime prior to the introduction of SEBI CRA Circular dated February 10, 2026, and provided links to further details regarding Bank Loans, Certificates of Deposit, Commercial Paper, Non-convertible/convertible/partially convertible bonds, Debentures, and other instruments.

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