FMEGLatest NewsNews Snippets

Polycab’s CRISIL and Ind-Ra Ratings Suggest Stability

Polycab India Limited has been rated ‘A1+’ by Credit Ratings Information Services of India Ltd. (CRISIL) and India Ratings and Research (Ind-Ra) on short-term basis, and ‘AA+/ Positive’ by CRISIL and ‘AA+/Stable’ by Ind-Ra, on long-term basis.

Aforementioned ratings from CRISIL and Ind-Ra specify safety regarding the completion of financial obligations and it carries lowest credit risk. Short-term ratings consider a time period of one year or less, while long-term credit ratings take into account a period of more than one year.

Compounded Annual Growth Rate (CAGR) for profit and sales, for the last 5 years, was 28% and 16% respectively. Further, total debt to equity ratio of the company stands at 0.01 in March 2023.