GOCL Corporation financials and balance sheet

NSE: GOCLCORPBSE: 506480Chemicals & PetrochemicalsSmall Cap

Formerly Gulf Oil Corporation

₹321.25₹18.80 (5.53%)BSE ₹321.40

Share price at the NSE close on 23 Oct 2026. Previous close ₹340.05.

52-week range of traded prices to 23 Oct 2026

₹223.35Low, 23 Mar 2026₹461.40High, 18 Sep 2026

Market cap: ₹1,593 Cr1,281st largest listed
P/E: 4.3
P/E without one-offs: 5.8
P/B: 0.5
Dividend yield: 9.34%
ROE: 12.5%
ROE without one-offs: 9.4%
ROCE: −1.3%
Debt to equity: 0.00
Volume, NSE: 1,20,23641.1% delivered

10 years at a glance

Consolidated: the company and its subsidiaries together. ₹ crore, years to March.GOCL Corporation annual reports

Revenue, net profit and borrowings, ₹ crore

Revenue
Net profit
Borrowings

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 3.6% of operating profit in the first full year.

The years either side of a change of basis do not compare. From the year to Mar 2025, the company's revenue for that year, ₹555 Cr, differs from its quarters added, ₹580 Cr; the company reports a discontinued business.

Results for the year to Mar 2026

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

From revenue to net profit

Revenue9.8
Materials and goods−1.4
Employee costs−7.8
Other expenses−32
Operating profit−31
Depreciation−2.4
Other income+416
One-off items+13
Finance costs−49
Profit before tax347
Tax−67
Discontinued businesses+1,242
Net profit1,522

What the company owns

Plant, investments and other assets₹3,439 Cr
Cash and bank₹58 Cr
Current investments₹56 Cr
Receivables₹1 Cr
Inventory₹1 Cr

What pays for it: net worth and liabilities

Net worth₹3,143 Cr
Other liabilities₹381 Cr
Owed to suppliers₹31 Cr
Borrowings₹1 Cr

GOCL Corporation 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. That year's accounts report a discontinued business: these segments add to ₹1,801 Cr with it, and the company's revenue from the businesses it kept was ₹9.76 Cr.GOCL Corporation segment results by quarter

Revenue by segment

₹1,801 CrTotal

Discontinued Operation₹1,754 Cr97.4% of total
Realty₹44 Cr2.5% of total
Electronics Manufacturing Services₹3 Cr0.2% of total

Profit by segment

Discontinued Operation₹1,481 Cr97.8% of total
Realty₹33 Cr2.2% of total

Segment results by year

Consolidated, ₹ crore, years to March.

Discontinued Operation
Revenue, ₹ crore
1,754
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
1,481
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Realty
Revenue, ₹ crore
2
2
2
3
4
10
72
44
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
1
−1
−1
−1
−3
−2
60
33
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Electronics Manufacturing Services
Revenue, ₹ crore
3
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
−3
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	535	501	420	504	923	718	807	1,801
Company revenue, as in its results	532	499	416	498	921	714	555	10
Revenue	–	–	–	–	–	–	–	1,754
Profit	–	–	–	–	–	–	–	1,481
Margin	–	–	–	–	–	–	–	84.4%
Return on capital	–	–	–	–	–	–	–	2,529.0%
Assets	–	–	–	–	–	–	–	59
Liabilities	–	–	–	–	–	–	–	0
Capital employed	–	–	–	–	–	–	–	59
Revenue	2	2	2	3	4	10	72	44
Revenue growth	–	–	–	–	–	–	654.2%	−38.4%
Profit	1	−1	−1	−1	−3	−2	60	33
Profit growth	–	–	–	–	–	–	–	−45.4%
Margin	72.5%	−52.6%	−48.2%	−31.0%	−67.1%	−23.2%	84.3%	74.6%
Return on capital	0.4%	−0.3%	−0.3%	−0.8%	−2.0%	−1.9%	35.5%	25.2%
Assets	304	305	305	359	157	230	176	149
Liabilities	1	7	6	234	15	115	6	18
Capital employed	304	298	299	125	142	115	170	131
Revenue	–	–	–	–	–	–	–	3
Profit	–	–	–	–	–	–	–	−3
Margin	–	–	–	–	–	–	–	−86.0%
Return on capital	–	–	–	–	–	–	–	−28.5%
Assets	–	–	–	–	–	–	–	18
Liabilities	–	–	–	–	–	–	–	8
Capital employed	–	–	–	–	–	–	–	10
Revenue	533	499	418	501	918	708	549	–
Revenue growth	–	−6.3%	−16.3%	19.8%	83.4%	−22.9%	−22.4%	–
Profit	46	22	27	23	−2	−3	−2	–
Profit growth	–	−51.6%	22.2%	−15.7%	–	–	–	–
Margin	8.6%	4.4%	6.5%	4.6%	−0.2%	−0.4%	−0.3%	–
Return on capital	31.9%	21.9%	17.4%	11.7%	−1.0%	−1.8%	−2.8%	–
Assets	276	233	258	449	494	290	188	–
Liabilities	133	132	102	253	348	131	120	–
Capital employed	144	102	156	196	146	159	68	–
Revenue	–	–	–	–	–	–	186	–
Profit	–	–	–	–	–	–	85	–
Margin	–	–	–	–	–	–	45.7%	–
Return on capital	–	–	–	–	–	–	815.1%	–
Assets	–	–	–	–	–	–	10	–
Liabilities	–	–	–	–	–	–	0	–
Capital employed	–	–	–	–	–	–	10	–
Revenue	0	–	–	–	–	–	–	–
Profit	1	–	–	–	–	–	–	–
Margin	127.1%	–	–	–	–	–	–	–
Return on capital	234.4%	–	–	–	–	–	–	–
Assets	0	–	–	–	–	–	–	–
Liabilities	0	–	–	–	–	–	–	–
Capital employed	0	–	–	–	–	–	–	–
	0	–	–	–	–	–	–	–
Profit	0	–	–	–	–	–	–	–
Return on capital	0.0%	–	–	–	–	–	–	–
Assets	0	–	–	–	–	–	–	–
Liabilities	0	–	–	–	–	–	–	–
Capital employed	0	–	–	–	–	–	–	–
Revenue	–	–	–	–	–	–	223	378
Profit	–	–	–	–	–	–	0	0
Assets	–	–	–	–	–	–	0	3,329
Liabilities	–	–	–	–	–	–	0	386
Revenue	58	58	137	119	487	231	–	–
Profit	0	0	0	0	0	0	–	–
Assets	0	1,746	0	0	0	0	–	–
Liabilities	0	1,236	0	0	0	0	–	–

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

Profit and loss

Consolidated, ₹ crore, years to March.GOCL Corporation quarterly results

₹ crore	Mar 2017	Mar 2018	Mar 2019Filed 13 Jun	Mar 2020Filed 4 Jul	Mar 2021Filed 6 Jul	Mar 2022Filed 8 Jun	Mar 2023Filed 31 May	Mar 2024Filed 7 Jun	Mar 2025Filed 12 Jun	Mar 2026Filed 29 May
Revenue from operations	554	497	532	499	416	498	921	714	555	10
	524	470	500	483	406	494	942	729	581	41
Materials and goods bought	298	298	334	327	263	338	727	547	458	1
Employee costs	–	–	55	54	49	55	64	66	40	8
Other expenses	–	–	111	103	95	101	151	117	83	32
Operating profit before depreciation	30	27	32	15	9	4	−21	−16	−27	−31
Operating margin	5.5%	5.5%	6.0%	3.1%	2.3%	0.9%	−2.3%	−2.2%	−4.8%	−321.5%
Materials, % of revenue	–	–	62.8%	65.6%	63.2%	67.8%	79.0%	76.6%	82.5%	13.8%
Employee costs, % of revenue	–	–	10.4%	10.8%	11.7%	11.0%	6.9%	9.2%	7.3%	79.6%
Other expenses, % of revenue	–	–	20.8%	20.6%	22.8%	20.4%	16.4%	16.3%	15.0%	328.0%
Depreciation and amortisation	6	6	6	7	8	9	10	13	9	2
Operating profit after depreciation	25	21	26	8	2	−4	−31	−28	−36	−34
Other income	78	69	61	60	141	124	489	235	290	416
Finance costs	63	46	41	16	53	57	119	146	111	49
Profit before one-off items and tax	40	44	46	53	90	63	339	61	143	334
One-off items	7	4	8	0	0	128	−10	3	−10	13
Profit before tax	47	48	54	53	90	191	329	64	133	347
	14	14	13	3	12	14	118	16	40	67
Current tax	–	–	14	4	14	13	127	20	41	70
Deferred tax	–	–	−1	−1	−2	1	−10	−4	−1	−3
Profit from discontinued businesses	–	–	–	–	–	–	–	–	64	1,242
Net profit	33	33	41	50	79	176	211	48	157	1,522
Other comprehensive income	–	–	105	−71	207	−170	60	12	20	95
Total comprehensive income	–	–	145	−21	285	6	271	60	178	1,617
Net margin	5.9%	6.7%	7.6%	9.9%	18.9%	35.3%	22.9%	6.8%	–	–

Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2017 and Mar 2018 they do not, so they are left blank. Net margin is left blank for the years to Mar 2025 and Mar 2026: the profit includes the result of a business the company has discontinued, which the revenue does not, so the two make no margin.

Balance sheet

Consolidated, ₹ crore, at 31 March. The last column is the half year to Sep 2026, after the latest full year: the balance sheet at its end.

₹ crore	Mar 2019Filed 13 Jun	Mar 2020Filed 4 Jul	Mar 2021Filed 6 Jul	Mar 2022Filed 8 Jun	Mar 2023Filed 31 May	Mar 2024Filed 7 Jun	Mar 2025Filed 12 Jun	Mar 2026Filed 29 May	Sep 2026Half yearFiled 19 Oct
	943	910	1,165	1,152	1,410	1,419	1,576	3,143	3,071
Share capital	10	10	10	10	10	10	10	10	10
Reserves	933	900	1,155	1,142	1,400	1,409	1,566	3,133	3,061
	223	1,188	1,109	1,595	1,767	1,188	1,115	1	0
Repayable after a year	183	1,140	1,078	1,491	1,123	1,075	1,013	0	0
Repayable within a year	40	48	30	104	645	113	102	1	0
	466	141	114	261	872	205	218	313	466
Trade payables	65	58	47	120	182	57	83	31	23
Other financial liabilities	353	27	29	28	39	26	26	12	158
Other liabilities	5	6	5	7	4	5	4	2	1
Provisions	1	2	2	2	2	2	3	2	2
Tax owed	3	0	0	0	2	1	2	266	283
	278	1,233	1,179	1,604	1,223	1,177	1,113	98	103
Other financial liabilities	0	0	–	1	–	–	–	–	–
Provisions	91	90	97	97	94	94	96	97	101
Deferred tax	3	3	4	15	6	8	4	2	2
Liabilities going with businesses held for sale	–	–	–	226	–	100	201	1	113
	1,687	2,284	2,458	3,243	3,504	2,900	3,109	3,555	3,752
Held for sale or for a demerger	–	–	–	158	–	119	77	78	78
	956	2,040	2,140	2,043	1,482	1,337	1,242	110	110
Plant in use, after depreciation	68	75	80	84	93	79	59	17	–
Plant being built	16	19	15	3	1	13	20	1	–
Intangible assets	0	0	0	0	2	2	1	1	1
Goodwill	0	0	0	0	0	0	0	0	0
Intangible assets being developed	0	–	–	0	–	–	0	0	0
Property held to earn rent	293	293	293	218	217	109	108	69	69
Investments	541	469	578	45	0	0	0	0	0
Loans given	11	1,135	1,097	1,516	1,130	1,079	1,015	0	0
Other financial assets	3	2	37	131	2	3	3	0	0
Deferred tax	3	3	6	7	8	13	14	0	–
Other assets	19	43	33	37	28	38	21	21	21
	730	244	319	1,043	2,022	1,444	1,790	3,366	3,564
Inventories	65	64	60	171	204	65	34	1	1
Trade receivables	90	77	54	66	89	78	39	1	3
Cash and cash equivalents	19	26	30	34	41	15	22	7	175
Other bank balances	38	12	12	86	39	26	27	51	42
Current investments	0	0	0	0	49	49	184	56	42
Loans given	496	9	130	625	1,386	1,002	1,417	2,983	3,071
Other financial assets	8	11	7	21	157	190	51	266	228
Other assets	15	44	27	39	58	19	16	2	1
Net debt	166	1,150	1,066	1,475	1,639	1,098	882	−114	−260

Borrowings are counted again inside the liabilities due within a year and after a year. Plant in use and plant being built are given for full years only. 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. The last column is the half year to Sep 2026, after the latest full year: the cash flow over its six months.

₹ crore	Mar 2021Filed 6 Jul	Mar 2022Filed 8 Jun	Mar 2023Filed 31 May	Mar 2024Filed 7 Jun	Mar 2025Filed 12 Jun	Mar 2026Filed 29 May	Sep 2026Half yearFiled 19 Oct
	7	−62	−77	40	16	−34	29
	20	−44	44	63	66	2	37
	−4	−65	1	52	−102	−1,725	42
Receivables	−15	−36	−41	44	39	−15	45
Inventories	4	−112	−32	139	31	2	0
Payables	0	83	68	−132	28	−31	−2
Other working capital	7	0	5	0	−200	−1,681	0
Tax paid	−13	−18	−121	−23	−50	−36	−9
Capital spending	8	11	20	16	15	21	3
Free cash flow	0	−73	−96	24	1	−54	26
	102	−322	173	734	222	1,082	140
Plant and property sold	0	226	221	0	255	1,323	0
Companies bought	0	−8	0	0	0	0	0
Interest received	76	80	171	188	206	218	110
Dividends received	49	12	0	0	0	0	0
	−105	387	−90	−800	−230	−1,046	−1
Borrowings raised	0	465	40	0	0	184	0
Borrowings repaid	−23	−2	0	−599	−98	−1,128	0
Interest paid	0	0	0	0	0	0	−1
Lease payments	0	0	0	0	0	0	0
Dividends paid	30	20	15	50	20	50	0
Shares bought back	0	0	0	0	0	0	0
Shares issued	0	0	0	0	0	0	0
Net change in cash	4	4	6	−26	8	2	168

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.GOCL Corporation dividend history

₹ per share	Mar 2017	Mar 2018	Mar 2019Filed 13 Jun	Mar 2020Filed 4 Jul	Mar 2021Filed 6 Jul	Mar 2022Filed 8 Jun	Mar 2023Filed 31 May	Mar 2024Filed 7 Jun	Mar 2025Filed 12 Jun	Mar 2026Filed 29 May
Earnings per share	₹6.64	₹6.74	₹8.18	₹10.00	₹15.88	₹35.52	₹42.59	₹9.73	₹31.71	₹307.01
Diluted earnings per share	₹6.64	₹6.74	₹8.18	₹10.00	₹15.88	₹35.52	₹42.59	₹9.73	–	–
Dividend per share	₹1.60	₹1.60	₹2.00	₹4.00	₹6.00	₹5.00	₹10.00	₹4.00	₹10.00	₹30.00
Book value per share	–	–	₹190.19	₹183.49	₹235.06	₹232.33	₹284.33	₹286.25	₹318.00	₹634.01
Dividend payout	24.1%	23.7%	24.4%	40.0%	37.8%	14.1%	23.5%	41.1%	31.5%	9.8%
Shareholder yield	–	–	–	–	2.7%	1.5%	1.0%	2.2%	1.5%	4.0%
Market cap at the year end (₹ crore)	1,849	2,468	1,545	630	1,082	1,364	1,460	2,254	1,360	1,254

Ratios

Consolidated, years to March.GOCL Corporation PE ratio and valuation

Ratio	Mar 2017	Mar 2018	Mar 2019Filed 13 Jun	Mar 2020Filed 4 Jul	Mar 2021Filed 6 Jul	Mar 2022Filed 8 Jun	Mar 2023Filed 31 May	Mar 2024Filed 7 Jun	Mar 2025Filed 12 Jun	Mar 2026Filed 29 May
Revenue growth	–	−10.4%	7.1%	−6.3%	−16.7%	19.9%	84.8%	−22.5%	–	−98.2%
Operating profit growth	–	−11.1%	18.0%	−52.1%	−38.1%	−55.2%	–	–	–	–
Net profit growth	22.2%	1.6%	21.3%	22.3%	58.7%	123.7%	19.9%	−77.1%	–	868.1%
Earnings per share growth	22.3%	1.5%	21.4%	22.2%	58.8%	123.7%	19.9%	−77.2%	–	868.2%
	–	–	4.3%	5.4%	7.6%	15.2%	16.5%	3.4%	10.5%	64.5%
	–	–	–	1.1 pts	2.2 pts	7.6 pts	1.3 pts	−13.1 pts	7.1 pts	54.0 pts
From the net margin	–	–	–	1.3 pts	4.8 pts	6.6 pts	−5.3 pts	−11.6 pts	–	–
From asset turnover	–	–	–	−1.1 pts	−3.1 pts	0.0 pts	5.5 pts	−0.9 pts	–	–
From borrowing	–	–	–	0.9 pts	0.5 pts	1.1 pts	1.1 pts	−0.6 pts	–	–
Return on capital employed	–	–	2.2%	0.4%	0.1%	−0.2%	−1.0%	−1.1%	−1.3%	−1.1%
Cash conversion	–	–	–	–	9.2%	−35.0%	−36.3%	82.9%	10.0%	−2.2%
Interest cover	0.4	0.5	0.6	0.5	0.0	–	–	–	–	–
Debt to equity	–	–	0.24	1.31	0.95	1.38	1.25	0.84	0.71	0.00
Receivable days	–	–	62	57	48	48	35	40	26	37
Inventory days	–	–	71	71	83	185	102	43	27	260
Payable days	–	–	71	64	66	130	91	38	66	8,282
Cash conversion cycle, days	–	–	62	63	65	103	47	45	−13	−7,984
Working capital days	–	–	169	82	169	561	661	646	949	1,09,899
Asset turnover	–	–	0.32	0.25	0.18	0.17	0.27	0.22	0.18	0.00
Assets per rupee of net worth	–	–	1.79	2.14	2.29	2.46	2.63	2.26	2.01	1.41
Sales per rupee of plant	–	–	7.86	6.62	5.19	5.91	9.87	9.00	9.45	0.56
Capital spending to depreciation	–	–	–	–	0.98	1.26	1.87	1.25	1.60	8.70
Plant being built, % of plant in use	–	–	24.3%	25.0%	18.1%	4.1%	1.3%	16.5%	34.1%	4.4%

Revenue growth and operating profit growth are left blank for the year to Mar 2017: between the two periods the company restated its earlier figures, so the two are on different bases and the change is not worked out. Interest cover is left blank for the years to Mar 2022, Mar 2023, Mar 2024, Mar 2025 and Mar 2026: operating profit after depreciation is a loss, and a loss covers no interest bill. From the net margin, from asset turnover and from borrowing are left blank for the years to Mar 2025 and Mar 2026: the profit of this year or the year before includes a business the company has discontinued while its revenue does not, so the change in return on equity is not split into margin, turnover and borrowing. Revenue growth is left blank for the year to Mar 2025: between the two periods the company restated its earlier figures and the company began reporting a business as discontinued, so the two are on different bases and the change is not worked out. Net profit growth and earnings per share growth are left blank for the year to Mar 2025: between the two periods the company began reporting a business as discontinued, so the two are on different bases and the change is not worked out. 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: 45.7%

Measure	10 years	5 years	3 years
Revenue growth, yearly rate	−32.3%	−52.8%	−78.0%
Profit growth, yearly rate	49.7%	80.8%	93.2%
Return on equity, average	–	22.0%	26.1%
Return on capital employed, average	–	−0.9%	−1.2%
Operating margin, average	−30.8%	−66.0%	−109.5%
Asset turnover, average	–	0.17	0.14
Cash conversion cycle, days, average	–	−1,560	−2,651
Debt to equity, average	–	0.84	0.51

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	−116	22	−34
Cash from investing	1,890	2,039	1,082
Cash from financing	−1,779	−2,077	−1,046
Capital spending	81	51	21
Dividends paid	154	119	50
Shares bought back	0	0	0
Shares issued for cash	0	0	0
Borrowings raised	688	184	184
Borrowings repaid	1,827	1,825	1,128

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	–	–	–	–	7	5	4	5	6	6
Altman Z-scorePublished threshold 1.81	–	–	2.71	1.20	1.62	1.58	2.06	2.59	2.28	4.46
Beneish M-scorePublished threshold −1.78	–	–	–	–	−2.68	−1.89	−1.53	−2.44	−2.72	−6.00
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets	–	–	–	–	−1.30	19.62	3.41	−22.68	−2.69	14.21
Cash from operations to profit, 3 yearsPublished threshold 0.7 times	–	–	–	–	–	–	−0.28	−0.23	−0.05	0.01
Receivables growth less revenue growthOur threshold 0 percentage points	–	–	–	−7.92	−12.99	1.50	−49.46	10.41	−28.15	0.81
Inventory growth less cost-of-goods growthOur threshold 0 percentage points	–	–	–	0.38	13.14	158.90	−96.24	−43.32	−31.66	2.55
Other current assets growth less revenue growthOur threshold 5 per cent of revenue	–	–	–	6.52	−5.22	5.42	16.81	−0.79	−25.50	2,042.11
Assets under construction, years of additionsOur threshold 2 years of additions	–	–	–	1.27	1.15	0.27	0.06	–	–	–
Effective tax ratePublished threshold 17.16 per cent	30.57	30.02	24.77	6.03	12.98	7.58	35.79	24.68	30.01	19.31
Tax charged less tax paid, % of profitOur threshold 10 percentage points	–	–	–	–	–	−1.63	−0.90	−11.23	−7.84	8.97

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
26 Nov 2025	Infomerics Valuation and Ratings Private Limited (opens in a new tab)	Short Term Bank Facilities	IVR A1Review, Re-affirm		1,445
26 Nov 2025	Infomerics Valuation and Ratings Private Limited (opens in a new tab)	Long Term Bank Facilities	IVR AReview, Re-affirm	Stable	15

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