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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Kanpur Plastipack Ltd

Kanpur Plastipack Ltd: CRISIL Reaffirms BBB+/A2 Ratings, Enhances Bank Debt Limit

RATING ▲ Positive Development MEDIUM RISK
📅 Filed on BSE: 26 Jun 2026, 04:26 PM IST  ·  BSE ID: abc5b4f8-4582-4920-947b-3207e22ffd2d
View Original BSE Filing (PDF)
💡
In Simple Terms
The company's creditworthiness was confirmed, and its borrowing limit was increased by the rating agency.
🤖 AI Summary
  • CRISIL reaffirms Kanpur Plastipack's credit ratings at BBB+/Stable (long-term) and A2 (short-term).
  • Rated bank loan facilities enhanced to Rs.305 Crore from Rs.225 Crore.
  • Rating reflects established market position and promoter's extensive experience.
  • Comfortable financial risk profile supports the reaffirmed credit ratings.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Total Bank Loan Facilities Rated
Rs.305 Crore
Long Term Rating
CRISIL BBB+/Stable
Short Term Rating
CRISIL A2
Networth as of March 31, 2026
Rs.268 crore
Interest Coverage Ratio FY26
5.75 times
Capex planned
Rs.108 crores
🏢 How This Affects the Company
📈
Business Impact
The reaffirmed credit ratings and enhanced borrowing limit support the company's ability to access financing for its ongoing expansion and value addition initiatives.
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Financial Impact
An enhanced borrowing limit of Rs.305 Crore provides greater financial flexibility. The rating reaffirmation suggests continued stability in the company's financial risk profile.
⚙️
Operational Impact
The company is undertaking Rs.108 crores in capex to improve FIBC capacity and value addition, with a portion funded by a Rs.40 crores term loan, facilitated by the enhanced credit lines.
⚠️
Risk Impact
While ratings are reaffirmed, the business remains susceptible to raw material price volatility and forex fluctuations, as noted by the rating agency.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders based on this credit rating announcement.
👤
Who Is Affected
All shareholders are indirectly affected as a stable credit rating supports the company's financial health and growth prospects.
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Management Signal
Management's continuous engagement with rating agencies and focus on maintaining strong financial metrics signal commitment to financial stability and growth.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Next quarterly results to show impact of capex and revenue growth.
CRISIL's next review of credit ratings for Kanpur Plastipack.
Management commentary on raw material price management and forex hedging strategies.
MEDIUM RISK Susceptibility to raw material price volatility and forex fluctuations presents ongoing business risks.
💡 Investor Takeaway
Kanpur Plastipack's credit ratings at CRISIL BBB+/Stable and A2 are reaffirmed, with its rated bank loan facilities enhanced to Rs.305 Crore. The rating highlights promoter experience and a strong financial risk profile.
⚖️ Strengths & Concerns

✅ Positives

  • Total bank loan facilities rated now stand at Rs.305 Crore, an enhancement from Rs.225 Crore.
  • Networth increased to Rs.268 crore as of March 31, 2026, with improved gearing ratios.

⚠️ Concerns

  • Operating margin is susceptible to volatility in raw material prices, which form 60-65% of the cost of sales.
  • Revenue is significantly exposed to fluctuations in forex rates due to bulk of revenue from international markets.
❓ Frequently Asked Questions
What credit ratings has CRISIL reaffirmed for Kanpur Plastipack?
CRISIL has reaffirmed Kanpur Plastipack's Long Term Rating at CRISIL BBB+/Stable and its Short Term Rating at CRISIL A2.
What is the updated rated bank loan facility amount for Kanpur Plastipack?
The rated bank loan facilities for Kanpur Plastipack have been enhanced to Rs.305 Crore from Rs.225 Crore.
What is Kanpur Plastipack's net worth as of March 31, 2026?
Kanpur Plastipack's net worth increased to Rs.268 crore as of March 31, 2026.
What is the planned capital expenditure for Kanpur Plastipack?
The company is undertaking a capital expenditure of Rs.108 crores for capacity enhancement and value addition.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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