R.P.P. Infra Projects Limited — Credit Ratings, 07-08-2025: Credit Rating- New

CRISIL Ratings has upgraded RPP Infra Projects Ltd's long-term rating to 'CRISIL BBB+/Stable' and short-term rating to 'CRISIL A2'. This upgrade reflects a sustained improvement in RIPL's credit profile, driven by healthy operating performance and stronger financials. The company maintained operating margins consistently above 7% over the last two fiscals due to better raw material costs and reduced subcontracting. Operating income grew approximately 20% annually through FY25 from steady order execution. Efficient working capital management and lower debt levels have significantly strengthened its financial position, evidenced by a comfortable Total Outside Liabilities to Adjusted Networth ratio of 0.8 times as of March 2025. This positive rating action typically leads to improved investor confidence and potentially lower borrowing costs for RIPL.