CRISIL reaffirms rating of Prince Pipes and Fittings Limited

CRISIL Ratings has reaffirmed its 'CRISIL A/Positive/CRISIL A1' ratings on the bank loan facilities of Prince Pipes and Fittings Limited (PPFL).

The ratings continue to reflect improving business risk profile marked by its market position in domestic plastic pipe industry supported by diverse product portfolio, geographical presence, and end-user industry, extensive experience of promoters, and a robust financial risk profile. These rating strengths are partially offset by presence in a highly competitive industry, moderate capacity utilization, susceptibility to volatility in raw material prices, and moderate working capital requirements.

Source : Equity Bulls

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