NCL Industries Limited — Credit Ratings, 03-07-2025: Credit Rating- Revision

CRISIL has reaffirmed NCL Industries Limited’s long-term rating at A with a stable outlook and short-term rating at A1 for its bank loan and fixed deposit facilities totaling Rs. 561 Cr and Rs. 100 Cr respectively. The stable outlook reflects the company’s consistent financial profile and credit metrics. This rating stability supports maintainable borrowing costs and sustains investor confidence, providing the company with solid financial flexibility to manage its operations and growth plans effectively.