PG Electroplast Limited announced the reaffirmation of credit ratings by Crisil Ratings on February 13, 2026. The long-term rating for the parent company stands at CRISIL A+/Stable. Furthermore, subsidiary PG Technoplast’s total facilities rated were enhanced to ₹1261.27 Crore, while the step-down subsidiary, Next Generation Manufacturers, received an assigned rating of CRISIL A+/Stable for its facilities.
Credit Rating Update for PG Electroplast Group
PG Electroplast Limited has disclosed the latest credit ratings assigned by Crisil Ratings on February 13, 2026. These ratings apply to the bank loan facilities across the parent company and its subsidiaries. The outlook revision noted for both the parent and the wholly-owned subsidiary involved a revision from ‘Negative’ to ‘Stable’, while the underlying rating was reaffirmed.
I. PG Electroplast Limited (Parent Entity)
The total bank loan facilities rated for the parent company stand at Rs. 310 Crore. The key ratings are:
- Long Term Rating: CRISIL A+/Stable (Outlook revised from ‘Negative’; Rating Reaffirmed)
- Short Term Rating: CRISIL A1 (Reaffirmed)
II. PG Technoplast Private Limited (Wholly Owned Subsidiary)
The total quantum of bank loan facilities rated for the subsidiary has seen a significant increase, rising from Rs. 661.27 Crore to Rs.1261.27 Crore. The ratings are as follows:
- Long Term Rating: CRISIL A+/Stable (Outlook revised from ‘Negative’; Rating Reaffirmed)
- Short Term Rating: CRISIL A1 (Reaffirmed)
III. Next Generation Manufacturers Private Limited (Step-down Subsidiary)
For the step-down wholly owned subsidiary, new ratings have been assigned for facilities totaling Rs. 352 Crore.
- Long Term Rating: CRISIL A+/Stable (Assigned)
- Short Term Rating: CRISIL A1 (Assigned)
Source: BSE
