ScoutQuest28 Sep 2026
Indian Acrylics514165Credit rating upgrade

Brickwork upgrades Indian Acrylics to BWR BB-/Stable from BWR D on Rs.99.00 crore bank facilities

BWR BB-Upgraded · Brickwork Ratings
PreviouslyBWR DNowBWR BB-
Upgraded by Brickwork Ratings · BWR D to BWR BB- · outlook Stable.
Long-term Rating
BWR BB-/Stable (upgraded from BWR D)
Short-term Rating
BWR A4 (upgraded from BWR D)
Bank Facilities Amount
Rs.99.00 crore
Term Loan Repayment
Rs 50 crore full repayment
Net Tangible Worth
-Rs.12.98 Cr

Brickwork upgrades Indian Acrylics to BWR BB-/Stable from BWR D on Rs.99.00 crore bank facilities.

Initial rating assignment BWR D assigned
Previous rating BWR D reaffirmation
Rating rationale date
Initial rating assignment 16 Apr 2025 · Previous rating 9 Jul 2026 · Rating rationale date 23 Sep 2026
More numbers
  • Total rated bank facilitiesRs. 99.00 Crs
  • Term loan repaidRs 50 crs
  • Net loss FY25Rs. 30.86 crore
  • Projected loss FY26Rs. 24.09 crore
  • Tangible Net Worth FY25-26-12.98 (Rs.Crs.)
  • Operating Revenue FY25-26357.41 (Rs.Crs.)
  • EBITDA FY25-264.42 (Rs.Crs.)
Source: BSE · 28 Sep 2026

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