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An update from Rama Phosphates Limited ( (IN:RAMAPHO) ) is now available.
Rama Phosphates Limited announced that credit rating agency ICRA has reaffirmed the company’s existing ratings on its bank facilities totaling Rs 136 crore, with an improvement in the outlook on its long-term facilities from “Negative” to “Stable.” Long-term fund-based limits and term loans of Rs 80 crore and Rs 8 crore, respectively, remain rated ICRA A- with a Stable outlook, while short-term non-fund-based limits of Rs 48 crore continue at ICRA A2+. The revision in outlook signals a more positive view of the company’s credit profile and may support its standing with lenders and stakeholders as it manages its working capital and growth requirements.
More about Rama Phosphates Limited
Rama Phosphates Limited is a fertilizer and chemicals manufacturer producing SSP fertilizer, sulphuric acid, oleum, chlorosulphonic acid, magnesium and zinc sulphate, mixed micronutrients, sulphur-based products, phospho gypsum, LABSA, as well as edible soya oil, soya de-oiled cake and lecithin. The company serves the agriculture and allied chemical sectors through a diversified product portfolio with manufacturing presence across multiple locations in India, including Indore, Udaipur, Nimbahera, Pune and Dhule.
Average Trading Volume: 28,991
Technical Sentiment Signal: Strong Buy
Current Market Cap: 5.78B INR
See more data about RAMAPHO stock on TipRanks’ Stock Analysis page.