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Sutlej Textiles & Industries Ltd. ( (IN:SUTLEJTEX) ) has shared an update.
Sutlej Textiles and Industries Limited announced a downgrade in its long-term issuer credit rating by India Ratings and Research to ‘IND A’ with a Negative Outlook. This downgrade reflects expectations of lower-than-anticipated improvements in EBITDA over the next few fiscal years, leading to high net adjusted leverage and low interest coverage. The company’s planned capital expenditures for modernization and value-added products are expected to increase debt levels, although these investments are contingent on cash generation and funding. Despite these challenges, the company maintains financial flexibility to manage liquidity through additional loans and working capital adjustments.
More about Sutlej Textiles & Industries Ltd.
Sutlej Textiles and Industries Limited operates in the textile industry, focusing on the production of yarns and fabrics. The company is recognized as a Four Star Export House by the government, with manufacturing facilities located in various regions including Rajasthan, Jammu & Kashmir, Himachal Pradesh, and Gujarat.
Average Trading Volume: 5,845
Technical Sentiment Signal: Sell
Current Market Cap: 5.8B INR
For detailed information about SUTLEJTEX stock, go to TipRanks’ Stock Analysis page.