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As on : 27-Aug-2026
Hot Pursuit
27-Aug-2026     13:37

Ambika Cotton Mills' ratings upgraded by CRISIL, citing improved liquidity and financial strength

Ambika Cotton Mills Ltd announced reaffirmation of its long-term rating of ‘CRISIL A+/ Stable’ and an upgrade of its short-term rating to ‘CRISIL A1+’ from ‘CRISIL A1’ by CRISIL, alongside Crisil Ratings reaffirming the long-term rating at ‘Crisil A+/Stable’ and upgrading the short-term rating from ‘Crisil A1’ to ‘Crisil A1+’; these actions reflect sustained improvement in liquidity and strengthening financial flexibility, alongside the company’s established market position and healthy financial risk profile, with debt/networth of 0.00 times as of fiscal 2026. The ratings also consider the company’s ongoing modernization capex of Rs 130-140 crore and mélange yarn production capex of Rs 80 crore, both funded through internal accrual, alongside a comfortable current ratio of 6.43 as of March 31, 2026, and a minimum free liquidity buffer of Rs 150 crore, with cash and equivalents totaling Rs 198 crore as of March 2026.

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