Baroda Rayon Corporation Ltd — Important, 02-06-2026: Company Update

The Baroda Rayon Corporation Limited received a reaffirmed "IVR BB- / Stable" credit rating from Infomerics for its Long Term Bank Loan Facility, which increased to 189.10 Crore from 175 Crore. Key strengths include experienced promoters and solid progress on its Surat Textile Bourse projects. Part-A is 88% complete with 70% sales, while Part-B shows 53% completion and 10% sales. However, the company faces potential challenges from increasing leverage due to a proposed 50 Crore loan, high geographical concentration in Surat, and real estate market cyclicality. Liquidity is anticipated to remain tight.