Greenpanel Industries Ltd
Greenpanel Industries: ICRA reaffirms 'A+' rating, enhances working capital facility
RATING
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 08 Jul 2026, 05:16 PM IST · BSE ID: 94a40474-cfc8-4b8d-a152-401f8bf890f0
View Original BSE Filing (PDF)
💡
In Simple Terms
The company's creditworthiness was reassessed, with its long-term debt rating affirmed and its borrowing limit for working capital increased.
🤖 AI Summary
- ICRA reaffirms Greenpanel Industries' '[ICRA]A+ (Negative)' rating on Rs. 80 Crore term loan.
- Working capital facility rating reaffirmed at '[ICRA]A+ (Negative)' and enhanced to Rs. 160 Crore.
- Total bank facilities rated by ICRA increased to Rs. 240 Crore from Rs. 220 Crore.
- Short-term non-fund based facility rating of Rs. 20 Crore was reaffirmed and withdrawn.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Long term - Fund Based - Working Capital Facilities - Previous Rated Amount
120.00
Long term - Fund Based - Working Capital Facilities - Current Rated Amount
160.00
Long term - Fund Based - Working Capital Facilities - Rating
[ICRA]A+ (Negative); reaffirmed and assigned for enhanced amount
Long term –Fund Based – Term Loan - Previous Rated Amount
80.00
Long term –Fund Based – Term Loan - Current Rated Amount
80.00
Long term –Fund Based – Term Loan - Rating
[ICRA]A+ (Negative); Reaffirmed
Short term – Non Fund Based facilities - Previous Rated Amount
20.00
Short term – Non Fund Based facilities - Current Rated Amount
-
Short term – Non Fund Based facilities - Rating
[ICRA]A1+; Reaffirmed and withdrawn
Total Bank facilities - Previous Rated Amount
220.00
Total Bank facilities - Current Rated Amount
240.00
🏢 How This Affects the Company
The enhanced working capital facility provides Greenpanel Industries with greater financial flexibility and access to funds for its operations.
The reaffirmation of the '[ICRA]A+ (Negative)' rating suggests stable credit quality but highlights potential concerns due to the 'Negative' outlook.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this rating update.
👤
Who Is Affected
Shareholders can note the company's reaffirmed credit standing which may influence lender confidence.
🔍
Management Signal
Management has secured enhanced working capital, indicating proactive financial management for operational needs.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
ICRA surveillance review within one year for updated rating actions.
Company's financial results for upcoming quarters to assess performance.
Any communication from ICRA regarding the 'Negative' outlook factors.
MEDIUM RISK
Negative outlook on reaffirmed 'A+' rating signals potential credit concerns.
💡 Investor Takeaway
Greenpanel Industries' long-term debt rating is affirmed at '[ICRA]A+ (Negative)', with working capital facilities enhanced to Rs. 160 Crore from Rs. 120 Crore. Total rated facilities stand at Rs. 240 Crore.
⚖️ Strengths & Concerns
✅ Positives
- Working capital facilities rating reaffirmed '[ICRA]A+ (Negative)' and enhanced from Rs. 120 Crore to Rs. 160 Crore.
- Total bank facilities rated by ICRA increased to Rs. 240 Crore, reflecting expanded credit lines.
⚠️ Concerns
- The '[ICRA]A+ (Negative)' rating indicates a negative outlook from ICRA, suggesting potential future challenges.
- Withdrawal of the Rs. 20 Crore short-term non-fund based facility rating requires monitoring of alternative funding.
❓ Frequently Asked Questions
What is Greenpanel Industries' long-term credit rating from ICRA?
ICRA has reaffirmed Greenpanel Industries' long-term rating at '[ICRA]A+ (Negative)' for its term loan and working capital facilities.
What is the new rated amount for Greenpanel Industries' working capital facilities?
The rated amount for Greenpanel Industries' long-term fund-based working capital facilities has been enhanced to Rs. 160.00 Crore.
What was the previous total rated bank facility amount for Greenpanel Industries?
The previous total rated bank facility amount for Greenpanel Industries was Rs. 220.00 Crore.
What is the current total rated bank facility amount for Greenpanel Industries?
The current total rated bank facility amount for Greenpanel Industries is Rs. 240.00 Crore.
What is the outlook on Greenpanel Industries' credit rating by ICRA?
The outlook on Greenpanel Industries' credit rating by ICRA is 'Negative'.
Questions based on this BSE filing only. For information purposes.