Apollo Pipes Limited — Credit Ratings, 12-07-2025: Credit Rating

ICRA has reaffirmed Apollo Pipes Limited’s credit ratings at [ICRA]A+ (Stable)/A1 for a total bank limit of Rs 150 crore, comprising Rs 80 crore fund-based and Rs 70 crore non-fund-based working capital facilities. The stable outlook reflects the company’s consistent financial profile, adequate liquidity, and prudent debt management. This rating affirmation supports Apollo Pipes’ ability to maintain favorable borrowing costs and sustains investor confidence, providing the company with steady access to working capital funding without immediate pressure on refinancing or liquidity risks. The ratings remain under regular surveillance, ensuring responsiveness to any material changes in the company’s credit profile.