Indian Acrylics Ltd (INDIANACRY) — Announcement | 30 September 2026

30 September 2026 · BSE 🔴 High Importance Neutral

By StockFin Research Team•AI-Assisted Analysis•Source: BSE/NSE Filings

📢 Key Event

Brickwork Ratings upgrades Indian Acrylics' credit facilities to BB-Stable/Upgrade (long-term) and A4/Upgrade (short-term).

🔄 What Changed

Long-term rating upgraded from BWR D to BB-Stable/Upgrade; short-term rating upgraded from BWR D to A4/Upgrade.

🔮 What's Next

BWR requires sustained revenue improvement to Rs.400 crore and EBITDA of Rs.15 crore for positive outlook; negative sensitivities include failure to improve profitability or worsening capital structure.

💡 Investor Takeaway

Routine procedural filing with no direct impact on shareholders.

⚠️ Risks

Continued losses, negative tangible net worth, and weak debt servicing capacity remain key concerns despite rating upgrade.

Indian Acrylics Ltd received an upgrade from Brickwork Ratings on its Rs.99 crore credit facilities, moving long-term to BB-Stable/Upgrade and short-term to A4/Upgrade, reflecting improved financials after repaying a Rs.50 crore term loan and showing projected revenue and EBITDA growth, though profitability remains weak with ongoing losses and negative net worth.

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About Indian Acrylics Ltd (INDIANACRY)

Textiles · Textiles · Listed on BSE

Market Cap: ₹78.08 CrROE: 170.1%ROCE: -2.0%

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"What specific revenue targets must Indian Acrylics achieve for a stable rating?""How will the company improve its negative tangible net worth?""What is the projected DSCR for FY27 and FY28?"

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📊 More INDIANACRY filings

🟡 Board Meeting — 29 September 2026Indian Acrylics held its 39th AGM on September 29, 2026, approving financial statements, reappointin...
🟡 Board Meeting — 29 September 2026Indian Acrylics announced that shareholders re-elected Rajinder Kumar Garg as Managing Director for ...
🔴 Announcement — 28 September 2026Indian Acrylics Ltd received a credit rating upgrade from Brickwork Ratings on September 28, 2026, e...
Announcement — 23 September 2026Indian Acrylics Ltd announced that its trading window will close on October 1, 2026, covering 48 hou...
🔴 Annual Report — 2 September 2026Indian Acrylics Limited reported a consolidated net loss of ₹2,408.51 lakhs for FY2025-26, down from...

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

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