ScoutQuest29 Sep 2026
Indag Rubber509162Credit rating maintained/reaffirmed

ICRA reaffirms [ICRA]A- (Negative)/[ICRA]A2+ on Rs.28.40 crore bank facilities of Indag Rubber

28.40 (Rs. crore)Total rated amount
Bank guarantee rated amount25.00 (Rs. crore)
Cash credit rated amount3.40 (Rs. crore)
Total rated amount 28.40 (Rs. crore): Bank guarantee rated amount 25.00 (Rs. crore), Cash credit rated amount 3.40 (Rs. crore).
Cash Credit Rating
[ICRA]A- (Negative)
Short-term Rating
[ICRA]A2+
Cash Credit Facility
Rs.3.40 crore
Bank Guarantee
Rs.25.00 crore
Available Liquidity
Rs.100 crore

ICRA reaffirms [ICRA]A- (Negative)/[ICRA]A2+ on Rs.28.40 crore bank facilities of Indag Rubber.

[ICRA]A-Reaffirmed · ICRA Limited
Reaffirmed by ICRA Limited · [ICRA]A- · outlook Negative.
Previous rating action
Rating assigned on
Previous rating action 25 Aug 2025 · Rating assigned on 29 Sep 2026
More numbers
  • Cash credit rated amount3.40 (Rs. crore)
  • Bank guarantee rated amount25.00 (Rs. crore)
  • Total rated amount28.40 (Rs. crore)
  • Operating income FY2026Rs. 214.5 crore
  • PAT FY2026Rs. 8.1 crore
  • Operating margin FY20264.2%
  • Cash and liquid investmentsRs. 100 crore
  • Interest coverage FY20267.62 times
Source: BSE · 29 Sep 2026

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