NSECredit Rating10 Jul 2026 · 10 Jul 2026, 10:00 pm
Credit Rating
Himadri Speciality Chemical Limited · HSCL
✦ AI SummaryRating Change
Himadri Speciality Chemical Limited has received a credit rating from ICRA, with its long-term rating upgraded to [ICRA]AA (Stable) from [ICRA]AA- and short-term rating reaffirmed at [ICRA]A1+.
Analysis Scores
Earnings Impact0/10
Growth Catalyst0/10
Governance Concern0/10
Regulatory Risk0/10
Balance Sheet Risk0/10
Liquidity Impact0/10
Market Sentiment5/10
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Full Announcement
Himadri Speciality Chemical Limited has informed the Exchange about Credit Rating
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HSCL_10072026220018_RatingbyICRA10072026.pdf
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Ref. No: HSCL / Stock-Ex/2026-27/39
Date: 10/07/2026
E-mail: monika@himadri.com
Ref: Listing Code: 500184 Ref: Listing Code: HSCL
BSE Limited National Stock Exchange of India Ltd
Department of Corporate Services Exchange Plaza, C-1, Block-G
P. J. Towers, 25th Floor, Bandra Kurla Complex,
Dalal Street, Bandra (E)
Mumbai- 400 001 Mumbai- 400 051
Sub: Rating by ICRA
Dear Sir/ Madam,
Pursuant to Regulation 30(2) of the SEBI (Listing Obligation and Disclosure Requirements)
Regulations, 2015, we inform you that the ICRA Limited, a credit rating Agency vide its’ letter dated
10 July 2026 has assigned the Credit Rating to Company’s various credit facilities and instruments as
mentioned below:
Facilities Amount Rating Assigned Remarks
(In Crore)
Fund Based /Non- 1980.86 [ICRA]AA (Stable) /[ICRA]A1+; Long term rating upgraded
Fund Based from [ICRA]AA-
Working Capital Outlook: Stable (Positive);
Outlook revised to Stable
from Positive; short term
rating reaffirmed
Commercial Paper 500.00 [ICRA]A1+ Reaffirmed
The above information will also be available on the website of the Company at www.himadri.com
This is for your information and records.
Thanking you,
Yours faithfully,
For Himadri Speciality Chemical Ltd
(Company Secretary &
Compliance Officer)
ACS: 29322