Kanpur Plastipack Limited — Credit Ratings, 31-07-2025: Credit Rating- New

CRISIL Ratings has upgraded Kanpur Plastipack's long-term rating to 'CRISIL BBB+/Stable' for its bank facilities totaling Rs 80 crore. This upgrade highlights the company's strong market position in FIBCs and related products, significant revenue growth of 26.4% to Rs 628.61 crore in FY25, and an improved operating margin of 9.5%. KPL's comfortable financial risk profile, bolstered by steady debt repayment and reduced outstanding debt to Rs 24 crore by July 2025 after exiting its loss-making CPP film unit, also played a key role. This positive rating action could lead to better borrowing terms and boost investor confidence, enhancing KPL's strategic operational room.