Finolex Industries Receives AA+ / Stable Credit Ratings from CRISIL

Finolex Industries Ltd. has received ‘AA+/Stable’ credit rating from Credit Rating Information Services of India Limited (CRISIL) on long term basis and ‘A1+’ on short term basis. This information was shared by Finolex Industries in its stock filing dated 7th February 2025.

These credit ratings received by Finolex Industries indicate that the company has strong financial credibility and that it carries low credit risk. Short-term credit ratings consider a repayment period of one year or less while long-term credit ratings define a period of more than one year for fulfilling financial obligations.

Compounded Annual Growth Rate (CAGR) for the company’s profit and sales for the last 5 years was 2% and 7% respectively.

The company recently announced its Q3 FY-25 financials with revenue of Rs. 1,001.24 crore and Profit After Tax (PAT) of Rs. 94.02 crore.