Riddhi Siddhi Gluco Biols financials and balance sheet

BSE: 524480Commercial Services & SuppliesSmall Cap

₹640.35₹19.75 (2.99%)

Share price at the BSE close on 23 Oct 2026. Previous close ₹660.10.

52-week range of traded prices to 23 Oct 2026

₹405.00Low, 31 Dec 2025₹861.95High, 19 Jun 2026

Market cap: ₹457 Cr1,800th largest listed
P/E: Earlier quarters restated in the year
P/B: 0.3
Dividend yield: 0.47%
ROCE: −1.3%
Debt to equity: 0.18
Volume, BSE: 1,620

10 years at a glance

Consolidated: the company and its subsidiaries together. ₹ crore, years to March.Riddhi Siddhi Gluco Biols annual reports

Revenue, net profit and borrowings, ₹ crore

Revenue
Net profit
Borrowings
Loss

A loss in 5 of the 10 years shown

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 95.3% 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 2018, GST replaced excise duty on 1 Jul 2017, and revenue before that day includes the duty. From the year to Mar 2023, the company's revenue for that year, ₹173 Cr, differs from its quarters added, ₹227 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

Revenue236
Materials and goods−206
Employee costs−8.0
Other expenses−34
Operating profit−12
Depreciation−8.2
Other income+69
One-off items0.0
Finance costs−18
Profit before tax31
Tax−10
Discontinued businesses−33
Net profit−12

What the company owns

Plant, investments and other assets₹1,730 Cr
Cash and bank₹109 Cr
Inventory₹44 Cr
Receivables₹8 Cr

What pays for it: net worth and liabilities

Net worth₹1,539 Cr
Borrowings₹282 Cr
Other liabilities₹56 Cr
Owed to suppliers₹14 Cr

Riddhi Siddhi Gluco Biols 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, which these segments may include.Riddhi Siddhi Gluco Biols segment results by quarter

Revenue by segment

₹236 CrTotal

Trading Business₹190 Cr80.6% of total
Packaged Water Bottling₹33 Cr13.9% of total
Wind Energy Generation₹13 Cr5.5% of total

Profit by segment

Packaged Water Bottling₹1.91 Cr34.6% of total
Wind Energy Generation₹3.61 Cr65.4% of total

Segment results by year

Consolidated, ₹ crore, years to March.

Trading Business
Revenue, ₹ crore
355
63
214
35
116
208
81
190
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
5
3
1
3
1
4
2
0
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Packaged Water Bottling
Revenue, ₹ crore
47
47
44
33
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
2
4
6
2
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Wind Energy Generation
Revenue, ₹ crore
16
11
13
9
10
13
11
13
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
2
0
3
−1
0
2
1
4
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	805	576	498	521	173	268	136	236
Company revenue, as in its results	682	576	498	521	173	268	136	236
Revenue	355	63	214	35	116	208	81	190
Revenue growth	–	−82.1%	238.4%	−83.5%	228.4%	78.9%	−61.2%	135.6%
Profit	5	3	1	3	1	4	2	0
Profit growth	–	−36.1%	−69.7%	148.8%	−60.1%	278.2%	−37.5%	–
Margin	1.5%	5.3%	0.5%	7.2%	0.9%	1.8%	3.0%	−0.1%
Return on capital	–	–	1.9%	34.9%	8.4%	2,39,806.3%	5.9%	−0.6%
Assets	0	0	55	9	12	0	41	38
Liabilities	0	0	1	1	0	0	0	0
Capital employed	0	0	54	7	12	0	40	38
Revenue	–	–	–	–	47	47	44	33
Revenue growth	–	–	–	–	–	0.7%	−6.2%	−25.9%
Profit	–	–	–	–	2	4	6	2
Profit growth	–	–	–	–	–	93.5%	72.0%	−70.0%
Margin	–	–	–	–	4.1%	7.9%	14.5%	5.8%
Return on capital	–	–	–	–	0.5%	1.0%	1.8%	0.6%
Assets	–	–	–	–	388	377	369	364
Liabilities	–	–	–	–	19	23	19	16
Capital employed	–	–	–	–	370	354	349	348
Revenue	16	11	13	9	10	13	11	13
Revenue growth	–	−29.1%	21.1%	−35.9%	18.1%	30.8%	−19.5%	22.0%
Profit	2	0	3	−1	0	2	1	4
Profit growth	–	–	–	–	–	269.2%	−64.6%	546.2%
Margin	13.9%	−3.5%	25.4%	−15.6%	4.2%	11.9%	5.2%	27.6%
Return on capital	2.7%	−0.7%	5.5%	−2.4%	0.7%	3.2%	1.5%	13.8%
Assets	80	82	64	60	59	52	40	30
Liabilities	1	23	2	3	2	2	3	3
Capital employed	80	59	62	57	58	50	37	26
Revenue	0	165	5	147	0	–	–	–
Revenue growth	–	–	−96.9%	2,773.5%	−100.0%	–	–	–
Profit	−1	38	0	24	0	–	–	–
Profit growth	–	–	–	–	−100.0%	–	–	–
Margin	–	23.0%	−7.9%	16.1%	–	–	–	–
Return on capital	−0.3%	13.0%	−0.5%	–	–	–	–	–
Assets	387	354	136	0	0	–	–	–
Liabilities	98	61	49	0	0	–	–	–
Capital employed	289	293	87	0	0	–	–	–
Revenue	434	337	265	330	–	–	–	–
Revenue growth	–	−22.5%	−21.3%	24.5%	–	–	–	–
Profit	−13	−16	−43	−38	–	–	–	–
Margin	−3.0%	−4.8%	−16.3%	−11.6%	–	–	–	–
Return on capital	−2.1%	−2.6%	−6.7%	−6.0%	–	–	–	–
Assets	863	891	871	804	–	–	–	–
Liabilities	245	259	228	165	–	–	–	–
Capital employed	618	632	643	639	–	–	–	–
	0	–	–	–	–	–	–	–
Profit	0	–	–	–	–	–	–	–
Assets	747	–	–	–	–	–	–	–
Liabilities	134	–	–	–	–	–	–	–

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

Profit and loss

Consolidated, ₹ crore, years to March.Riddhi Siddhi Gluco Biols quarterly results

₹ crore	Mar 2017	Mar 2018	Mar 2019Filed 13 Jun	Mar 2020Filed 24 Jun	Mar 2021Filed 1 Jun	Mar 2022Filed 16 Jun	Mar 2023Filed 30 May	Mar 2024Filed 20 Jul	Mar 2025Filed 16 Jun	Mar 2026Filed 25 May
Revenue from operations	510	805	682	576	498	521	173	268	136	236
	557	815	605	529	511	511	172	265	134	248
Materials and goods bought	323	631	387	373	392	369	141	226	98	206
Employee costs	–	21	24	25	22	26	8	8	8	8
Other expenses	–	163	194	131	97	116	24	31	28	34
Operating profit before depreciation	−47	−10	77	48	−14	10	1	3	2	−12
Operating margin	−9.2%	−1.3%	11.3%	8.2%	−2.7%	2.0%	0.4%	1.3%	1.5%	−5.2%
Materials, % of revenue	–	78.4%	56.7%	64.7%	78.8%	70.8%	81.3%	84.3%	72.2%	87.3%
Employee costs, % of revenue	–	2.6%	3.5%	4.4%	4.5%	4.9%	4.4%	3.0%	6.1%	3.4%
Other expenses, % of revenue	–	20.3%	28.5%	22.7%	19.4%	22.3%	13.9%	11.4%	20.3%	14.5%
Depreciation and amortisation	35	34	35	37	37	37	12	11	9	8
Operating profit after depreciation	−82	−45	42	11	−51	−26	−11	−7	−7	−21
Other income	111	76	70	50	59	64	67	81	88	69
Finance costs	50	62	40	31	26	20	8	9	10	18
One-off items	0	0	0	0	0	0	0	0	0	0
Profit before tax	−21	−30	73	30	−18	18	48	65	71	31
	25	−39	6	6	44	16	15	8	8	10
Current tax	6	–	19	25	9	18	14	17	7	10
Deferred tax	19	–	−13	−19	35	−3	1	−10	1	0
Profit from discontinued businesses	–	–	–	–	–	–	−118	−13	−75	−33
	−45	9	67	24	−62	2	−85	44	−12	−12
Belonging to the company's shareholders	–	–	49	33	−47	14	−56	47	5	−12
Belonging to outside owners of subsidiaries	–	–	19	−9	−15	−12	−29	−3	−17	–
Other comprehensive income	–	–	−7	−51	67	37	−16	57	9	−33
Total comprehensive income	–	–	61	−27	5	40	−101	101	−3	−45
Net margin	−8.9%	1.1%	9.9%	4.2%	−12.4%	0.4%	–	–	–	–

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. Belonging to the company's shareholders is left blank for the year to Mar 2017: the filing's earnings per share does not match the profit it states, and cannot be multiplied back into the owners' profit because the period is a loss, which leaves no share to compare with the company's other periods. Belonging to the company's shareholders is left blank for the year to Mar 2018: the filing's earnings per share does not match the profit it states, and cannot be multiplied back into the owners' profit because the share it leaves the other owners is more than 10 points from the share the company's other periods state. Net margin is left blank for the years to Mar 2023, Mar 2024, 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. Belonging to outside owners of subsidiaries is left blank for the year to Mar 2026: the filing states 0 for this share both for the period and for the year so far, which the form also writes for a line it does not fill, while the company's other filings for the same year show it was not 0 over those months.

Balance sheet

Consolidated, ₹ crore, at 31 March.

₹ crore	Mar 2019Filed 13 Jun	Mar 2020Filed 24 Jun	Mar 2021Filed 1 Jun	Mar 2022Filed 16 Jun	Mar 2023Filed 30 May	Mar 2024Filed 20 Jul	Mar 2025Filed 16 Jun	Mar 2026Filed 25 May
	1,601	1,558	1,552	1,592	1,490	1,592	1,587	1,539
	1,436	1,425	1,453	1,504	1,432	1,537	1,587	1,509
Share capital	7	7	7	7	7	7	7	7
Reserves	1,429	1,417	1,446	1,497	1,425	1,530	1,580	1,502
Belonging to outside owners of subsidiaries	165	133	99	87	58	55	–	30
	317	231	209	154	81	71	99	282
Repayable after a year	116	85	80	72	1	1	0	167
Repayable within a year	201	146	129	82	79	70	99	115
	357	340	292	156	96	92	119	146
Trade payables	78	76	81	54	10	8	8	14
Other financial liabilities	48	56	29	9	0	4	4	5
Other liabilities	15	42	41	3	1	1	1	9
Provisions	2	3	3	3	2	2	2	2
Tax owed	13	18	9	5	4	7	5	0
	121	93	96	90	13	14	16	174
Other financial liabilities	2	3	1	2	0	1	1	–
Other liabilities	0	0	4	3	3	1	0	–
Provisions	4	5	4	3	1	1	1	1
Deferred tax	0	0	7	9	8	10	12	6
Liabilities going with businesses held for sale	–	–	–	–	94	76	63	32
	2,078	1,991	1,941	1,838	1,692	1,774	1,784	1,891
Held for sale or for a demerger	–	–	–	–	237	224	147	101
	1,144	1,007	949	1,298	965	1,095	1,174	1,198
Plant in use, after depreciation	723	745	769	737	392	380	433	426
Plant being built	57	66	0	0	0	0	0	0
Intangible assets	1	2	0	0	0	0	0	0
Investments	325	144	174	198	209	296	307	606
Loans given	0	0	0	358	363	397	425	163
Other financial assets	4	3	2	4	1	7	7	1
Deferred tax	13	32	–	0	0	0	0	1
Other assets	22	15	4	1	1	15	2	1
	935	983	992	539	490	454	464	593
Inventories	443	206	218	56	5	5	45	44
Trade receivables	49	246	102	51	43	23	12	8
Cash and cash equivalents	1	32	3	0	11	0	0	108
Other bank balances	4	0	0	0	0	0	0	0
Current investments	27	14	2	0	0	44	0	0
Loans given	326	395	579	347	403	354	383	416
Other financial assets	26	34	42	51	2	5	7	2
Tax paid in advance	0	0	0	0	0	0	0	0
Other assets	59	56	47	34	27	24	16	13
Net debt	285	185	205	154	70	26	99	173

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 1 Jun	Mar 2022Filed 16 Jun	Mar 2023Filed 30 May	Mar 2024Filed 20 Jul	Mar 2025Filed 16 Jun	Mar 2026Filed 25 May
	130	161	1	9	−28	−9
	133	183	16	25	−18	6
	140	159	6	20	−23	10
Receivables	144	52	3	21	11	1
Inventories	−12	162	38	2	−39	1
Payables	5	−27	−33	−3	−5	6
Other working capital	3	−28	−1	0	10	2
Tax paid	−3	−21	−16	−16	−10	−15
Capital spending	7	6	0	13	49	0
Free cash flow	123	155	0	−4	−77	−10
	−91	−71	8	21	21	−22
Plant and property sold	14	4	0	7	4	0
Companies bought	−11	0	0	0	0	0
Interest received	38	45	67	68	76	59
Dividends received	1	1	1	2	2	2
	−68	−93	2	−41	8	140
Borrowings raised	−17	85	140	238	234	380
Borrowings repaid	−25	−158	−125	−268	−214	−221
Interest paid	−26	−19	−11	−9	−10	−16
Lease payments	0	0	−1	−1	−1	−1
Dividends paid	0	0	1	1	2	2
Shares bought back	0	0	0	0	0	0
Shares issued	0	0	0	0	0	0
Net change in cash	−29	−2	11	−11	0	108

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.Riddhi Siddhi Gluco Biols dividend history

₹ per share	Mar 2017	Mar 2018	Mar 2019Filed 13 Jun	Mar 2020Filed 24 Jun	Mar 2021Filed 1 Jun	Mar 2022Filed 16 Jun	Mar 2023Filed 30 May	Mar 2024Filed 20 Jul	Mar 2025Filed 16 Jun	Mar 2026Filed 25 May
Earnings per share	₹3.97	₹26.59	₹68.35	₹46.11	−₹65.62	₹20.09	−₹119.10	₹61.53	–	−₹17.16
Diluted earnings per share	₹3.97	₹26.59	₹68.35	₹46.11	−₹65.62	₹20.09	−₹119.10	₹61.53	–	−₹17.16
Dividend per share	–	–	₹2.00	–	–	₹1.00	₹1.50	₹3.00	₹3.00	₹3.00
Book value per share	–	–	₹2,013.04	₹1,998.12	₹2,037.66	₹2,110.10	₹2,008.47	₹2,155.46	₹2,225.36	₹2,116.81
Dividend payout	–	–	2.9%	–	–	5.0%	–	4.6%	41.1%	–
Shareholder yield	–	–	–	–	0.0%	0.0%	0.3%	0.3%	0.6%	0.7%
Market cap at the year end (₹ crore)	316	446	236	142	176	246	238	360	374	294

Earnings per share is left blank for the year to Mar 2025: the earnings per share stated has the opposite sign to the profit stated beside it, so it is not shown.

Ratios

Consolidated, years to March.Riddhi Siddhi Gluco Biols PE ratio and valuation

Ratio	Mar 2018	Mar 2019Filed 13 Jun	Mar 2020Filed 24 Jun	Mar 2021Filed 1 Jun	Mar 2022Filed 16 Jun	Mar 2023Filed 30 May	Mar 2024Filed 20 Jul	Mar 2025Filed 16 Jun	Mar 2026Filed 25 May
Revenue growth	–	–	−15.5%	−13.6%	4.7%	–	55.0%	−49.4%	74.0%
Operating profit growth	–	–	−38.2%	–	–	–	391.9%	−41.1%	–
Net profit growth	–	657.9%	−64.2%	–	–	–	–	–	–
Earnings per share growth	569.8%	157.1%	−32.5%	–	–	–	–	–	–
	–	3.4%	2.3%	−3.3%	1.0%	–	–	–	−0.8%
	–	–	−1.1 pts	−5.6 pts	4.2 pts	–	–	–	–
From the net margin	–	–	−0.7 pts	−6.1 pts	4.2 pts	–	–	–	–
From asset turnover	–	–	−0.4 pts	0.4 pts	0.1 pts	–	–	–	–
From borrowing	–	–	0.0 pts	0.1 pts	−0.1 pts	–	–	–	–
Return on capital employed	–	2.2%	0.6%	−2.9%	−1.5%	–	–	−0.4%	−1.1%
Cash conversion	–	–	–	–	7,257.1%	–	20.3%	–	–
Interest cover	–	1.1	0.4	–	–	–	–	–	–
Debt to equity	–	0.20	0.15	0.13	0.10	–	–	0.06	0.18
Receivable days	–	26	156	75	35	–	–	33	13
Inventory days	–	419	202	203	56	–	–	166	78
Payable days	–	74	74	75	53	–	–	28	25
Cash conversion cycle, days	–	371	284	203	37	–	–	171	65
Working capital days	–	400	471	604	325	–	–	1,194	701
Asset turnover	–	0.33	0.28	0.25	0.28	–	–	–	0.13
Assets per rupee of net worth	–	1.45	1.42	1.37	1.28	–	–	–	1.19
Sales per rupee of plant	–	0.94	0.77	0.65	0.71	0.44	0.70	0.31	0.55
Capital spending to depreciation	–	–	–	0.19	0.16	0.03	1.24	5.71	0.04
Plant being built, % of plant in use	–	7.8%	8.8%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Interest cover is left blank for the years to Mar 2017, Mar 2018, Mar 2021, 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. Revenue growth is left blank for the years to Mar 2018 and Mar 2019: between the two periods excise duty was taken out of revenue when GST replaced it, so the two are on different bases and the change is not worked out. Return on equity, asset turnover and assets per rupee of net worth are left blank for the years to Mar 2023, Mar 2024 and Mar 2025: a tenth or more of the assets on the balance sheet it is worked from are held for sale or for a demerger, so it would mix the business being kept with the part that is leaving. Change in return on equity, from the net margin, from asset turnover and from borrowing are left blank for the years to Mar 2023, Mar 2024, Mar 2025 and Mar 2026: a tenth or more of the assets on the balance sheet it is worked from are held for sale or for a demerger, so it would mix the business being kept with the part that is leaving. Debt to equity, receivable days, inventory days, payable days, cash conversion cycle, days, return on capital employed and working capital days are left blank for the years to Mar 2023 and Mar 2024: a tenth or more of the assets on the balance sheet it is worked from are held for sale or for a demerger, so it would mix the business being kept with the part that is leaving. Revenue growth and operating profit growth are left blank for the year to Mar 2023: 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. 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: −0.7%

Measure	10 years	5 years	3 years
Revenue growth, yearly rate	–	−13.9%	10.9%
Return on capital employed, average	–	–	−0.8%
Operating margin, average	0.6%	0.0%	−0.8%
Cash conversion cycle, days, average	–	–	118
Debt to equity, average	–	–	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	133	−29	−9
Cash from investing	−43	19	−22
Cash from financing	16	107	140
Capital spending	69	62	0
Dividends paid	6	5	2
Shares bought back	0	0	0
Shares issued for cash	0	0	0
Borrowings raised	1,078	853	380
Borrowings repaid	986	703	221

Accounting checks

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

Check	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	–	–	5	9	5	6	3	5
Altman Z-scorePublished threshold 1.1	7.95	8.43	9.02	10.95	12.23	13.61	12.88	8.90
Beneish M-scorePublished threshold −1.78	–	–	−3.52	20.20	−0.68	−2.27	−3.09	−2.13
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets	–	–	−5.12	−4.69	−5.31	0.80	−0.25	1.05
Cash from operations to profit, 3 yearsPublished threshold 0.7 times	–	–	–	–	–	–	–	−1.47
Receivables growth less revenue growthOur threshold 0 percentage points	–	420.67	−44.92	−55.25	51.85	−101.92	3.51	−107.22
Inventory growth less cost-of-goods growthOur threshold 0 percentage points	–	−49.94	0.70	−68.39	−29.71	−60.09	897.20	−112.11
Other current assets growth less revenue growthOur threshold 5 per cent of revenue	–	0.93	−0.36	−0.64	−32.70	0.09	−3.77	−3.38
Assets under construction, years of additionsOur threshold 2 years of additions	–	1.11	0.00	0.00	–	–	0.00	0.00
Effective tax ratePublished threshold 17.16 per cent	7.76	20.36	–	87.50	31.07	11.62	11.80	33.24
Tax charged less tax paid, % of profitOur threshold 10 percentage points	–	–	–	−32.32	−1.05	−13.47	−2.17	−15.44

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
29 Jun 2026	CRISIL Ratings Limited (opens in a new tab)	Bank FacilitiesLong-term scale	Crisil BBB-Rating Reaffirmed and removed from Watch Negative	Negative	40
29 Jun 2026	CRISIL Ratings Limited (opens in a new tab)	Bank FacilitiesLong-term scale	Crisil BBB-Rating Reaffirmed and removed from Watch Negative	Negative	1.74
29 Jun 2026	CRISIL Ratings Limited (opens in a new tab)	Bank FacilitiesShort-term scale	Crisil A3Rating Reaffirmed and removed from Watch Negative		60
29 Jun 2026	CRISIL Ratings Limited (opens in a new tab)	Bank FacilitiesLong-term scale	Crisil BBB-Rating Reaffirmed and removed from Watch Negative	Negative	248.26
29 Jun 2026	CRISIL Ratings Limited (opens in a new tab)	Bank FacilitiesShort-term scale	Crisil A3Rating Reaffirmed and removed from Watch Negative		35

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