The aforementioned ratings, assigned by CRISIL, signify a high degree of assurance regarding the company’s ability to fulfill its financial obligations. Short-term credit ratings assess creditworthiness over a period of one year or less, while long-term credit ratings define a period of more than one year.
Finolex Industries’ debt-to-equity ratio stood at 0.11 in March 2023. During Q2 FY-24, the company reported a revenue of Rs. 883.15 crore.