NSECredit Rating- New10 Oct 2026 · 10 Oct 2026, 12:54 pm
Credit Rating- New
HP Adhesives Limited · HPAL
✦ AI SummaryRating Change
HP Adhesives Limited has informed the Exchange about Credit Rating- New, where CARE Ratings Limited has reviewed and reaffirmed the company's ratings, with a long-term rating of CARE BBB; Stable and a short-term rating of CARE A3+ Negative.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk3/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment6/10
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Full Announcement
HP Adhesives Limited has informed the Exchange about Credit Rating- New
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HPAL_10102026125332_CareRating.pdf
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10th October, 2026
To, To,
National Stock Exchange of India Ltd BSE Limited
Exchange Plaza, 5th Floor, 1st Floor, New Trading Ring,
Plot No. C/1, G block, Rotunda Building,
Bandra-Kurla Complex, Phiroze Jeejeebhoy Towers,
Bandra (E), Mumbai – 400051. Dalal Street, Mumbai- 400001.
Script ID – HPAL Script Code - 543433
Subject: Intimation of Credit Ratings.
Dear Sir/Madam,
In accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, we hereby inform that CARE Ratings Limited, vide
its Press Release dated 9th October, 2026, reviewed and reaffirmed the following
rating:
The details of the same are as below:
Instrument Type Amount (₹ Rating/ Outlook Rating Action
crore)
Long Term / Reaffirmed and removed
Short Term Bank 37.96 CARE BBB; Stable / from Rating Watch with
Facilities CARE A3+ Negative Implications;
Stable outlook assigned
This information is also being uploaded on the website of the Company at
www.hpadhesives.com.
You are requested to take the same on record.
Thanking you.
Yours Truly,
For HP Adhesives Limited
Swati Talgaonkar
Company Secretary
ACS30463