Everest Industries Limited — Credit Ratings, 26-11-2025: Credit Rating- Revision

Crisil Ratings downgraded Everest Industries' Long-term Bank Facilities to 'Crisil A-/Negative' from 'Crisil A/Negative' and Short-term Facilities to 'Crisil A2+' from 'Crisil A1'. The outlook remains Negative. This reflects slower business recovery and lower H1 profitability (0.9% EBITDA margin) due to roofing efficiency issues, slow Boards & Panels ramp-up, and low-margin contracts. Total facilities rated Rs 440 Cr.