The rating on short term bank facilities has been reaffirmed at 'CRISIL A1’.

CRISIL stated that the revision in outlook factors in the company’s healthy and improving business risk profile, supported by expectation of sustenance of growth in volume (nearly 15% during the nine months of current fiscal) over the medium term, while maintaining operating margin at 9-11%.

Steady improvement in product mix with greater share of the higher margin cross linked polyethylene compounds will support operating margins being held at these levels even if realisations remain at current low levels.

Revenue share of the high-margin polyethylene (PE) compound has been steadily increasing and currently forms approximately 86% of the total income, against 76% four years back. Furthermore, the ...

• 

  (01-Jan-16 09:32)

  KEC International gains after winning orders
• 

  (01-Jan-16 10:10)

  Aviation stocks in demand
• 

  (01-Jan-16 10:41)

  Select stocks in demand after F&O inclusion
• 

  (01-Jan-16 10:56)

  Piramal Enterprises gains on fund raising proposal