The revision marks a significant milestone for the Company, as RSWM had maintained a Negative outlook over the past two financial years.
RSWM, one of India’s leading manufacturers of value-added synthetic, mélange, cotton and blended yarns, denim fabric, knitted fabric and green polyester fibre, of the LNJ Bhilwara Group, is pleased to announce that India Ratings & Research (Ind-Ra) has revised the Company’s outlook from Negative to Stable while affirming its long-term issuer rating at IND A.
The revision marks a significant milestone for the Company, as RSWM had maintained a Negative outlook over the past two financial years. The revised outlook reflects the Company’s strong financial position, disciplined capital management, and consistent operational performance.
India Ratings & Research (Ind-Ra) has affirmed RSWM Limited’s Issuer Rating at IND A and revised the outlook to Stable from the previous outlook. The agency has also assigned a rating of IND A/Stable/IND A1 to the company’s ₹34.5 crore bank loan facilities. Additionally, Ind-Ra has affirmed the rating of IND A/Stable/IND A1 on ₹2,121.3 crore bank loan facilities, while revising the outlook to Stable. Overall, the ratings reflect continued confidence in the company’s credit profile and financial position.
Commenting on the rating revision, Riju Jhunjhunwala, Chairman & Managing Director and CEO, RSWM, said, “The revision of our outlook to Stable reflects the strength of RSWM’s business fundamentals, financial discipline, and resilience. We remain committed to driving sustainable growth while maintaining a prudent approach to capital allocation and balance sheet management.“
Rajeev Gupta, Joint Managing Director, RSWM, said, “This positive rating action is a recognition of our continued focus on operational excellence and financial prudence under the RSWM 2.0 initiative. We will continue to strengthen our market position through innovation, efficiency, and value creation for all stakeholders.“