RSWM Ltd. (BSE: 500350/NSE: RSWM), a leading manufacturer of value-added synthetic, mélange, cotton and blended yarns, denim fabric, knitted fabric and green polyester fibre under the LNJ Bhilwara Group, has announced that India Ratings & Research (Ind-Ra) has revised the company’s outlook from Negative to Stable while reaffirming its long-term issuer rating at IND A.
The revision represents a significant milestone for the company, reflecting its strong financial profile, prudent capital management practices and consistent operational performance. RSWM had maintained a Negative outlook over the previous two financial years, making the latest revision an important endorsement of its business stability and resilience.
Rating Details
| Instrument Type | Size of Issue | Assigned Rating | Rating Action |
|---|---|---|---|
| Issuer Rating | – | IND A/Stable | Affirmed; Outlook revised to Stable |
| Bank Loan Facilities | ₹34.5 Cr | IND A/Stable/IND A1 | Assigned |
| Bank Loan Facilities | ₹2,121.3 Cr | IND A/Stable/IND A1 | Affirmed; Outlook revised to Stable |
Commenting on the rating revision, Mr. Riju Jhunjhunwala, Chairman & Managing Director and CEO, RSWM Limited, said,
“The revision of our outlook to Stable reflects the strength of RSWM’s business fundamentals, financial discipline, and resilience. We remain committed to driving sustainable growth while maintaining a prudent approach to capital allocation and balance sheet management.”
Mr. Rajeev Gupta, Joint Managing Director, RSWM Limited, said,
“This positive rating action is a recognition of our continued focus on operational excellence and financial prudence under the RSWM 2.0 initiative. We will continue to strengthen our market position through innovation, efficiency, and value creation for all stakeholders.”
