Chemical | December 04, 2025
Agrochemical revenues poised for 6-7% jump on strong export rebound this fiscal: CRISIL
US tariff impact limited; credit profiles stable
US tariff impact limited; credit profiles stable
This marks the second rating upgrade by CRISIL in 2024
Gradual recovery in operating margins, lower capex, healthy balance sheets to support credit profiles
The company recently announced the expansion project of CPVC and Epichlorohydrin
Low implementation risk, with return on investments supported by sector’s strategic importance
Healthy pipeline and government push towards renewables boost adoption
Will use proprietary, India-specific framework to further the ESG agenda of all stakeholders
Rating outlook revised to Negative
Healthy balance sheets, pruned capex, to help limit pressure on credit profiles
Steady profitability, healthy balance sheets to support credit profiles, despite higher capex
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