National Peroxide Ltd — Important, 15-10-2025: Company Update

National Peroxide Limited's (NPL) bank loan facilities rating has been revised by India Rating & Research from 'Ind A' to 'Ind A-' with a Negative Outlook. This change reflects a significant deterioration in NPL's operational and financial performance in FY2025, which is expected to continue. Key factors include product concentration risk, weak realisations due to intense competition and higher costs, and subdued export demand. In FY2025, NPL's revenue declined 14% to INR 286.9 Cr and EBITDA contracted 50% to INR 15.2 Cr. The company's liquidity remains adequate with cash on books at INR 49.8 Cr.