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EQUITY - MARKET SCREENER

Gujarat Alkalies & Chemicals sees credit rating actions from CARE Ratings and CareEdge
04-Aug-26   16:52 Hrs IST
Gujarat Alkalies & Chemicals Ltd announced credit rating actions from multiple agencies, including CARE Ratings Limited, CARE Ratings Ltd., CareEdge Ratings, and an unspecified agency providing a "Further Intimation of Credit Rating." CARE Ratings Limited revised the rating on the Long Term Bank Facilities from Rs. 482.34 Crore to Rs. 372.63 Crore, while reaffirming the Short Term Bank Facilities at Rs. 339.50 Crore and the Commercial Paper Issue at Rs. 100 Crore; CARE Ratings Ltd. downgraded the Long-term bank facilities from CARE AA-; Stable to 372.63 CARE AA-; Stable, reaffirmed the Short-term bank facilities at CARE A1+ and the Commercial paper at 100.00 CARE A1+, and assigned ratings to Fund-based - LT- Cash Credit (Rs. 130.00), Non-fund-based - ST-BG/LC (Rs. 339.50), Term Loan -Long Term (Rs. 242.63), and Commercial Paper -CP/STD (Rs. 100.00); CareEdge Ratings provided commentary regarding operating profitability and margin sustainability, utilizing a consolidated analytical approach, and also included a disclaimer without providing specific rating details, while additional information indicates consolidated gearing of 0.38x as of March 31, 2026, and free cash and cash equivalents of Rs 168 crore and Rs 138 crore as of March 31, 2026 and March 31, 2025, respectively, alongside Capex plans of Rs 1,300 -1,400 crore over the next three years.