Jocil Limited — Credit Ratings, 03-06-2025: Credit Rating- Revision

CARE Ratings has downgraded Jocil Limited’s long-term bank facilities rating from CARE A- (Stable) to CARE BBB+ (Stable), while reaffirming its short-term rating at CARE A2. The downgrade stems from a decline in profit before tax due to lower volumes in stearic acid sales and decreased other income. With total facilities of Rs. 50 Cr, this rating change may increase borrowing costs slightly and weigh on investor sentiment. The stable outlook suggests no expected further weakening in the credit profile in the near term.