Chambal Fertilizers & Chemicals financials and balance sheet

NSE: CHAMBLFERTBSE: 500085Fertilizers & AgrochemicalsSmall Cap

₹363.95₹10.20 (2.73%)BSE ₹364.00

Share price at the NSE close on 23 Oct 2026. Previous close ₹374.15.

52-week range of traded prices to 23 Oct 2026

₹359.00Low, 23 Oct 2026₹500.00High, 23 Oct 2025

Next results date: the board meets on 3 Nov 2026 to consider: financial results and dividend.

Market cap: ₹14,582 Cr369th largest listed
P/E: 7.6
P/B: 1.4
Dividend yield: 3.02%
ROE: 20.2%
ROCE: 21.1%
Debt to equity: 0.10
Volume, NSE: 4,50,56649.4% delivered

10 years at a glance

Consolidated: the company and its subsidiaries together. ₹ crore, years to March.Chambal Fertilizers & Chemicals annual reports

Revenue, net profit and borrowings, ₹ crore

Revenue
Net profit
Borrowings

Peak revenue ₹27,773 Cr, year to Mar 2023

Operating and net margin, per cent

Operating margin
Net margin

From Apr 2019 leases sit on the balance sheet: rent is charged as depreciation and interest instead, so operating profit and total assets step up with nothing about the business having changed. Borrowings here leave lease liabilities out. Lease payments were 0.3% of operating profit in the first full year.

Results for the year to Mar 2026

Consolidated: the company and its subsidiaries together. ₹ crore.

From revenue to net profit

Revenue20,794
Materials and goods−13,293
Employee costs−287
Other expenses−4,535
Operating profit2,678
Depreciation−349
Other income+127
One-off items0.0
Finance costs−6.8
Profit before tax2,450
Tax−625
Joint ventures+129
Net profit1,953

What the company owns

Plant, investments and other assets₹8,987 Cr
Inventory₹2,280 Cr
Receivables₹2,075 Cr
Cash and bank₹557 Cr
Current investments₹503 Cr

What pays for it: net worth and liabilities

Net worth₹10,390 Cr
Other liabilities₹2,022 Cr
Borrowings₹1,054 Cr
Owed to suppliers₹936 Cr

Chambal Fertilizers & Chemicals business segments, year to Mar 2026

A reportable segment is a line of business the company must report on its own. Consolidated, ₹ crore, as the company reports them. A segment at a loss has no share of profit.Chambal Fertilizers & Chemicals segment results by quarter

Revenue by segment

₹20,794 CrTotal

Own Manufactured Fertilisers₹12,566 Cr60.4% of total
Complex Fertilisers₹7,025 Cr33.8% of total
Crop Protection Chemicals, Speciality Nutrients and Seeds₹1,203 Cr5.8% of total

Profit by segment

Own Manufactured Fertilisers₹1,845 Cr76.6% of total
Complex Fertilisers₹281 Cr11.7% of total
Crop Protection Chemicals, Speciality Nutrients and Seeds₹283 Cr11.7% of total

Segment results by year

Consolidated, ₹ crore, years to March.

Own Manufactured Fertilisers
Revenue, ₹ crore
12,723
13,159
12,566
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
1,500
1,836
1,845
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Complex Fertilisers
Revenue, ₹ crore
4,483
2,561
7,025
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
160
174
281
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Crop Protection Chemicals, Speciality Nutrients and Seeds
Revenue, ₹ crore
1,203
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
283
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Others
Revenue, ₹ crore
0
0
0
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
0
0
0
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26

₹ crore	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue of all businesses	10,177	12,206	–	–	–	17,966	16,646	20,794
Company revenue, as in its results	10,177	12,206	12,719	16,069	27,773	17,966	16,646	20,794
Revenue	–	–	–	–	–	12,723	13,159	12,566
Revenue growth	–	–	–	–	–	–	3.4%	−4.5%
Profit	–	–	–	–	–	1,500	1,836	1,845
Profit growth	–	–	–	–	–	–	22.4%	0.5%
Margin	–	–	–	–	–	11.8%	14.0%	14.7%
Return on capital	–	–	–	–	–	23.6%	28.7%	25.1%
Assets	–	–	–	–	–	7,374	7,258	8,443
Liabilities	–	–	–	–	–	1,023	864	1,079
Capital employed	–	–	–	–	–	6,352	6,394	7,364
Revenue	–	–	–	–	–	4,483	2,561	7,025
Revenue growth	–	–	–	–	–	–	−42.9%	174.3%
Profit	–	–	–	–	–	160	174	281
Profit growth	–	–	–	–	–	–	8.7%	62.0%
Margin	–	–	–	–	–	3.6%	6.8%	4.0%
Return on capital	–	–	–	–	–	21.4%	11.9%	11.8%
Assets	–	–	–	–	–	962	1,601	2,746
Liabilities	–	–	–	–	–	215	146	371
Capital employed	–	–	–	–	–	747	1,455	2,375
Revenue	–	–	–	–	–	–	–	1,203
Profit	–	–	–	–	–	–	–	283
Margin	–	–	–	–	–	–	–	23.5%
Return on capital	–	–	–	–	–	–	–	159.2%
Assets	–	–	–	–	–	–	–	247
Liabilities	–	–	–	–	–	–	–	70
Capital employed	–	–	–	–	–	–	–	178
	–	–	–	–	–	0	0	0
Profit	–	–	–	–	–	0	0	0
Return on capital	–	–	–	–	–	0.1%	0.0%	0.0%
Assets	–	–	–	–	–	294	723	1,312
Liabilities	–	–	–	–	–	96	136	146
Capital employed	–	–	–	–	–	199	588	1,167
Revenue	–	–	–	–	–	760	926	–
Revenue growth	–	–	–	–	–	–	21.8%	–
Profit	–	–	–	–	–	153	214	–
Profit growth	–	–	–	–	–	–	39.8%	–
Margin	–	–	–	–	–	20.1%	23.1%	–
Return on capital	–	–	–	–	–	156.8%	254.3%	–
Assets	–	–	–	–	–	167	170	–
Liabilities	–	–	–	–	–	69	86	–
Capital employed	–	–	–	–	–	97	84	–
Revenue	10,095	12,206	–	–	–	–	–	–
Revenue growth	–	20.9%	–	–	–	–	–	–
Profit	926	1,827	–	–	–	–	–	–
Profit growth	–	97.2%	–	–	–	–	–	–
Margin	9.2%	15.0%	–	–	–	–	–	–
Return on capital	–	13.9%	–	–	–	–	–	–
Assets	–	14,119	–	–	–	–	–	–
Liabilities	–	988	–	–	–	–	–	–
Capital employed	–	13,131	–	–	–	–	–	–
Revenue	83	0	–	–	–	–	–	–
Profit	−6	0	–	–	–	–	–	–
Margin	−7.0%	–	–	–	–	–	–	–
Return on capital	–	0.7%	–	–	–	–	–	–
Assets	–	29	–	–	–	–	–	–
Liabilities	–	9	–	–	–	–	–	–
Capital employed	–	20	–	–	–	–	–	–
	0	–	–	–	–	–	–	–
Profit	0	–	–	–	–	–	–	–

Profit is before tax and finance costs, the way companies report their segments.

Profit and loss

Consolidated, ₹ crore, years to March.Chambal Fertilizers & Chemicals quarterly results

₹ crore	Mar 2017	Mar 2018	Mar 2019Filed 17 May	Mar 2020Filed 25 May	Mar 2021Filed 11 May	Mar 2022Filed 20 May	Mar 2023Filed 27 May	Mar 2024Filed 8 May	Mar 2025Filed 10 Jun	Mar 2026Filed 14 May
Revenue from operations	7,574	7,546	10,177	12,206	12,719	16,069	27,773	17,966	16,646	20,794
	6,795	6,750	8,949	10,304	10,256	13,807	25,953	15,923	14,163	18,115
Materials and goods bought	4,760	4,632	6,082	6,889	7,338	9,603	19,704	10,902	9,316	13,293
Employee costs	–	149	166	156	176	181	191	221	233	287
Other expenses	–	1,963	2,701	3,258	2,741	4,023	6,058	4,800	4,613	4,535
Operating profit before depreciation	779	797	1,228	1,902	2,463	2,262	1,819	2,043	2,483	2,678
Operating margin	10.3%	10.6%	12.1%	15.6%	19.4%	14.1%	6.6%	11.4%	14.9%	12.9%
Materials, % of revenue	–	61.4%	59.8%	56.4%	57.7%	59.8%	70.9%	60.7%	56.0%	63.9%
Employee costs, % of revenue	–	2.0%	1.6%	1.3%	1.4%	1.1%	0.7%	1.2%	1.4%	1.4%
Other expenses, % of revenue	–	26.0%	26.5%	26.7%	21.5%	25.0%	21.8%	26.7%	27.7%	21.8%
Depreciation and amortisation	92	85	144	287	289	300	308	313	330	349
Operating profit after depreciation	687	711	1,084	1,616	2,174	1,962	1,511	1,731	2,153	2,330
Other income	137	141	83	107	37	68	168	249	215	127
Finance costs	254	155	253	503	279	106	320	173	48	7
Profit before one-off items and tax	570	697	914	1,219	1,932	1,925	1,359	1,807	2,320	2,450
One-off items	−4	0	−197	106	338	0	0	0	0	0
Profit before tax	566	697	717	1,325	2,270	1,925	1,359	1,807	2,320	2,450
	186	245	249	101	612	665	383	611	802	625
Current tax	–	–	210	187	330	337	209	299	455	759
Deferred tax	–	–	38	−86	282	328	174	312	348	−134
Share of profit of joint ventures and associates	–	39	117	3	89	306	58	80	132	129
Profit from discontinued businesses	–	–	–	−1	–	–	–	–	–	–
	359	495	585	1,226	1,748	1,566	1,034	1,276	1,649	1,953
Belonging to the company's shareholders	359	495	590	1,226	1,655	1,566	1,034	1,276	1,650	1,953
Belonging to outside owners of subsidiaries	–	–	−5	−1	93	0	0	0	0	0
Other comprehensive income	–	–	−126	−282	179	−43	−56	106	125	125
Total comprehensive income	–	–	459	943	1,927	1,523	978	1,382	1,774	2,079
Net margin	4.7%	6.6%	5.7%	10.0%	13.7%	9.7%	3.7%	7.1%	9.9%	9.4%
Net margin without joint ventures and associates	–	6.0%	4.6%	10.0%	13.0%	7.8%	3.5%	6.7%	9.1%	8.8%

Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the year to Mar 2017 they do not, so they are left blank.

Balance sheet

Consolidated, ₹ crore, at 31 March.

₹ crore	Mar 2019Filed 17 May	Mar 2020Filed 25 May	Mar 2021Filed 11 May	Mar 2022Filed 20 May	Mar 2023Filed 27 May	Mar 2024Filed 8 May	Mar 2025Filed 10 Jun	Mar 2026Filed 14 May
	2,785	3,431	5,236	6,386	7,053	7,258	8,712	10,390
	2,883	3,539	5,249	6,400	7,068	7,274	8,728	10,408
Share capital	416	416	416	416	416	401	401	401
Reserves	2,467	3,123	4,833	5,983	6,652	6,873	8,327	10,007
Belonging to outside owners of subsidiaries	−98	−108	−13	−13	−15	−15	−16	−18
	8,694	9,386	3,147	4,323	3,335	1,854	82	1,054
Repayable after a year	4,414	4,392	3,147	2,471	1,820	1,144	82	91
Repayable within a year	4,280	4,994	0	1,852	1,515	709	0	963
	6,525	6,678	1,525	3,802	3,152	2,037	1,174	2,555
Trade payables	988	542	389	1,500	1,212	794	630	936
Other financial liabilities	1,184	1,072	1,048	290	335	411	418	496
Other liabilities	37	29	44	126	54	80	85	90
Provisions	34	37	40	35	36	42	40	48
Tax owed	3	5	4	0	0	0	0	21
	4,616	4,423	3,485	3,101	2,565	2,214	1,521	1,457
Other financial liabilities	0	16	13	9	18	15	14	22
Other liabilities	3	3	3	3	3	4	4	5
Provisions	7	12	14	15	19	25	8	26
Deferred tax	191	–	309	603	704	1,026	1,412	1,313
	13,926	14,533	10,247	13,289	12,770	11,509	11,407	14,402
Held for sale or for a demerger	–	0	0	0	1	3	1	1
	7,421	7,207	7,099	7,214	7,131	7,420	7,785	8,440
Plant in use, after depreciation	6,845	6,699	6,478	6,356	6,261	6,419	6,218	6,102
Plant being built	109	85	161	157	102	184	649	1,389
Intangible assets	24	2	2	2	1	3	3	8
Goodwill	36	0	0	0	0	0	0	0
Intangible assets being developed	13	0	0	0	1	0	0	0
Investments	0	0	0	0	0	0	0	0
Stakes in joint ventures and associates	276	217	298	559	540	499	544	577
Loans given	1	0	0	0	0	0	0	0
Other financial assets	8	3	3	3	7	5	4	61
Deferred tax	1	38	0	0	–	0	0	–
Other assets	109	163	156	136	219	310	366	304
	6,505	7,325	3,147	6,075	5,638	4,086	3,622	5,961
Inventories	1,323	1,136	789	3,123	1,374	1,255	1,802	2,280
Trade receivables	4,827	5,563	1,175	2,151	1,760	192	368	2,075
Cash and cash equivalents	65	146	888	532	37	110	108	308
Other bank balances	17	21	19	22	21	23	129	249
Current investments	25	0	0	0	1,837	1,932	828	503
Loans given	0	0	0	0	0	0	0	0
Other financial assets	144	331	162	33	115	113	161	166
Tax paid in advance	0	0	0	0	0	0	0	0
Other assets	105	128	114	213	494	462	226	379
Net debt	8,588	9,219	2,239	3,769	1,440	−212	−982	−6

Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Cash flow

Consolidated, ₹ crore, years to March.

₹ crore	Mar 2021Filed 11 May	Mar 2022Filed 20 May	Mar 2023Filed 27 May	Mar 2024Filed 8 May	Mar 2025Filed 10 Jun	Mar 2026Filed 14 May
	6,944	−24	3,239	3,327	1,394	138
	7,287	319	3,511	3,671	1,782	852
	4,769	−2,077	1,482	1,377	−914	−2,165
Receivables	4,389	−977	391	1,566	−177	−1,828
Inventories	345	−2,346	1,746	115	−557	−484
Payables	−153	1,113	−287	−422	−163	285
Other working capital	187	133	−368	119	−18	−138
Tax paid	−344	−343	−271	−345	−388	−715
Capital spending	235	177	197	610	572	886
Free cash flow	6,709	−201	3,043	2,716	822	−748
	−196	−119	−1,873	−382	739	−482
Plant and property sold	0	15	4	3	3	1
Interest received	13	9	25	24	21	21
Dividends received	25	28	92	136	139	125
	−6,007	−213	−1,862	−2,871	−2,135	543
Borrowings raised	3,408	1,246	2,804	0	0	949
Borrowings repaid	−9,026	−985	−4,039	−1,525	−1,784	0
Interest paid	−260	−95	−309	−164	−26	1
Lease payments	−6	−6	−6	−6	−6	−6
Dividends paid	125	374	312	312	321	401
Shares bought back	0	0	0	865	0	0
Shares issued	0	0	0	0	0	0
Net change in cash	740	−356	−496	73	−2	199

Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2017, Mar 2018, Mar 2019 and Mar 2020.

Consolidated, ₹ per share, years to March.Chambal Fertilizers & Chemicals dividend history

₹ per share	Mar 2017	Mar 2018	Mar 2019Filed 17 May	Mar 2020Filed 25 May	Mar 2021Filed 11 May	Mar 2022Filed 20 May	Mar 2023Filed 27 May	Mar 2024Filed 8 May	Mar 2025Filed 10 Jun	Mar 2026Filed 14 May
Earnings per share	–	₹11.99	₹14.18	₹29.46	₹39.76	₹37.62	₹24.85	₹30.84	₹41.17	₹48.76
Diluted earnings per share	–	₹11.99	₹14.18	₹29.46	₹39.76	₹37.62	₹24.85	₹30.84	₹41.17	₹48.76
Dividend per share	₹1.90	₹1.90	₹2.00	₹4.00	₹7.50	₹7.50	₹7.50	₹7.50	₹10.00	₹11.00
Book value per share	–	–	₹69.27	₹85.04	₹126.11	₹153.76	₹169.82	₹181.54	₹217.85	₹259.78
Dividend payout	22.0%	16.0%	14.1%	13.6%	18.9%	19.9%	30.2%	23.6%	24.3%	22.6%
Shareholder yield	–	–	–	–	1.3%	2.1%	2.8%	8.6%	1.3%	2.3%
Market cap at the year end (₹ crore)	3,611	6,853	6,953	4,514	9,533	17,568	10,992	13,702	25,061	17,096

Ratios

Consolidated, years to March.Chambal Fertilizers & Chemicals PE ratio and valuation

Ratio	Mar 2017	Mar 2018	Mar 2019Filed 17 May	Mar 2020Filed 25 May	Mar 2021Filed 11 May	Mar 2022Filed 20 May	Mar 2023Filed 27 May	Mar 2024Filed 8 May	Mar 2025Filed 10 Jun	Mar 2026Filed 14 May
Revenue growth	−28.1%	−0.4%	34.9%	19.9%	4.2%	26.3%	72.8%	−35.3%	−7.3%	24.9%
Operating profit growth	−9.3%	2.3%	54.2%	54.9%	29.5%	−8.2%	−19.6%	12.3%	21.5%	7.9%
Net profit growth	66.1%	38.0%	18.1%	109.6%	42.6%	−10.4%	−34.0%	23.4%	29.3%	18.4%
Earnings per share growth	–	–	18.3%	107.8%	35.0%	−5.4%	−33.9%	24.1%	33.5%	18.4%
	–	–	20.5%	38.2%	37.7%	26.9%	15.4%	17.8%	20.6%	20.4%
	–	–	–	17.7 pts	−0.5 pts	−10.8 pts	−11.5 pts	2.4 pts	2.8 pts	−0.2 pts
From the net margin	–	–	–	15.0 pts	11.3 pts	−9.5 pts	−16.6 pts	13.9 pts	7.0 pts	−1.1 pts
From asset turnover	–	–	–	6.2 pts	9.7 pts	9.3 pts	5.8 pts	−9.0 pts	−0.5 pts	2.1 pts
From borrowing	–	–	–	−3.4 pts	−21.5 pts	−10.6 pts	−0.7 pts	−2.5 pts	−3.8 pts	−1.3 pts
Return on capital employed	–	–	9.4%	12.6%	25.9%	18.3%	14.5%	19.0%	24.5%	20.4%
Cash conversion	–	–	–	–	397.3%	−1.5%	313.3%	260.8%	84.5%	7.1%
Interest cover	2.7	4.6	4.3	3.2	7.8	18.5	4.7	10.0	44.5	342.1
Debt to equity	–	–	3.12	2.74	0.60	0.68	0.47	0.26	0.01	0.10
Receivable days	–	–	173	166	34	49	23	4	8	36
Inventory days	–	–	79	60	39	119	25	42	71	63
Payable days	–	–	59	29	19	57	22	27	25	26
Cash conversion cycle, days	–	–	193	198	54	111	26	19	54	73
Working capital days	–	–	149	164	21	81	28	14	30	58
Asset turnover	–	–	0.73	0.86	1.03	1.37	2.13	1.48	1.45	1.61
Assets per rupee of net worth	–	–	4.83	4.43	2.82	2.02	1.93	1.69	1.43	1.35
Sales per rupee of plant	–	–	1.49	1.82	1.96	2.53	4.44	2.80	2.68	3.41
Capital spending to depreciation	–	–	–	–	0.81	0.59	0.64	1.95	1.73	2.54
Plant being built, % of plant in use	–	–	1.6%	1.3%	2.5%	2.5%	1.6%	2.9%	10.4%	22.8%

No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Consolidated: the company and its subsidiaries together. Each window ends with the year to Mar 2026.

Return on assets, latest year: 15.1%
Cash from operations against operating profit: 5.1%

Measure	10 years	5 years	3 years
Revenue growth, yearly rate	7.0%	10.3%	−9.2%
Profit growth, yearly rate	24.6%	3.4%	23.6%
Return on equity, average	–	20.2%	19.6%
Return on capital employed, average	–	19.3%	21.3%
Operating margin, average	12.8%	12.0%	13.1%
Net margin, average	8.1%	8.0%	8.8%
Asset turnover, average	–	1.61	1.51
Cash conversion cycle, days, average	–	57	49
Interest cover, average	44.2	84.0	132.2
Debt to equity, average	–	0.30	0.12

Where the cash came from and went

Consolidated: the company and its subsidiaries together. ₹ crore, added up over each window, which ends with the year to Mar 2026.

₹ crore	5 years	3 years	Latest year
Cash from operations	8,073	4,858	138
Cash from investing	−2,118	−125	−482
Cash from financing	−6,538	−4,463	543
Capital spending	2,442	2,068	886
Dividends paid	1,720	1,033	401
Shares bought back	865	865	0
Shares issued for cash	0	0	0
Borrowings raised	4,998	949	949
Borrowings repaid	8,333	3,309	0

Accounting checks

Consolidated, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

Check	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Piotroski score, out of 9Published threshold 3 points out of 9	–	–	–	–	6	5	7	8	8	6
Altman Z-scorePublished threshold 1.81	–	–	1.58	1.85	4.05	4.08	4.73	5.11	9.00	5.82
Beneish M-scorePublished threshold −1.78	–	–	–	–	−5.06	−1.47	−2.84	−4.38	−1.13	1.32
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets	–	–	–	–	−40.35	14.53	−2.55	−13.74	−4.22	17.80
Cash from operations to profit, 3 yearsPublished threshold 0.7 times	–	–	–	–	–	–	2.34	1.69	2.01	1.00
Receivables growth less revenue growthOur threshold 0 percentage points	–	–	–	−4.69	−83.09	56.82	−91.00	−53.81	99.41	439.12
Inventory growth less cost-of-goods growthOur threshold 0 percentage points	–	–	–	−27.45	−37.02	264.91	−161.19	36.00	58.20	−16.19
Other current assets growth less revenue growthOur threshold 5 per cent of revenue	–	–	–	1.72	−1.44	−0.19	1.30	−0.19	−1.13	0.76
Assets under construction, years of additionsOur threshold 2 years of additions	–	–	–	0.60	2.35	0.88	0.48	0.39	5.04	5.96
Effective tax ratePublished threshold 17.16 per cent	32.80	35.12	34.68	7.66	26.96	34.55	28.15	33.83	34.58	25.52
Tax charged less tax paid, % of profitOur threshold 10 percentage points	–	–	–	–	–	16.72	8.17	14.76	17.85	−3.65

A threshold marked as ours has no published figure; it is the line we read the check against.

Credit ratings

An agency's view of the chance the company repays a borrowing on time, from AAA, the highest, down to D, in default.

Date	Agency	Borrowing rated	Rating	Outlook	Amount, ₹ Cr
23 Sep 2026	CRISIL Ratings Limited (opens in a new tab)	Commercial Paper	Crisil A1+Review, Other		2,500
23 Sep 2026	CRISIL Ratings Limited (opens in a new tab)	Bank Facilities	Crisil A1+Review, Other		1,000
23 Sep 2026	CRISIL Ratings Limited (opens in a new tab)	Bank Facilities	WithdrawnReview, Other		2,000
23 Sep 2026	CRISIL Ratings Limited (opens in a new tab)	Bank Facilities	Crisil AA+Review, Other	Positive	2,000
29 Jan 2026	ICRA Limited (opens in a new tab)	Commercial Paper	[ICRA]A1+Review, Re-affirm		2,500

The latest rating on each borrowing. The agency's name opens its reasoning for the rating.