CRISIL Reaffirms Ratings for PPAP Automotive Ltd, Assessing Rs. 200 Crore in Bank Facilities
PPAP Automotive Ltd received confirmation of its credit rating from CRISIL, which reaffirmed the ratings for the company's bank facilities as of April 2026.According to the assessment, CRISIL assigned the following reaffirmed ratings to PPAP Automotive Ltd:
| Metric | Rating | Status |
|---|---|---|
| Long term rating | CRISIL A-/Stable | Reaffirmed |
| Short term rating | CRISIL A2+ | Reaffirmed |
The rating review covered a total of bank loan facilities rated amounting to Rs. 200 Crore. Under the analysis, the facilities were evaluated against the following metrics:
| Facility Metric | Rating |
|---|---|
| Long Term Rating | Crisil A-/Stable |
| Short Term Rating | Crisil A2+ |
Outstanding Bank Facilities Details
The rating assessment provides a detailed breakdown of the outstanding bank facilities. The total facilities rated stood at Rs. 200 Crore, spanning various banking instruments from multiple financial institutions.The facility structure reviewed by CRISIL includes:
| S.No. | Bank Facility | Bank | Amount (Rs. in Crore) | Outstanding Rating | |
|---|---|---|---|---|---|
| 1 | Bank Guarantee | Axis Bank Limited | 1.21 | Crisil A2+ | |
| 2 | Bank Guarantee | ICICI Bank Limited | 9.5 | Crisil A2+ | |
| 3 | Bank Guarantee | HDFC Bank Limited | 4.34 | Crisil A2+ | |
| 4 | Capex Letter Of Credit | ICICI Bank Limited | 10 | Crisil A2+ | |
| 5 | Cash Credit | HDFC Bank Limited | 18 | Crisil A-/Stable | |
| 6 | Cash Credit | ICICI Bank Limited | 22 | Crisil A-/Stable | |
| 7 | Cash Credit | HSBC Bank Plc | 10 | Crisil A-/Stable | |
| 8 | Cash Credit | Axis Bank Limited | 20 | Crisil A-/Stable | |
| 9 | Cash Credit | State Bank of India | 10 | Crisil A-/Stable | |
| 10 | Letter of Credit | ICICI Bank Limited | 5 | Crisil A2+ | |
| 11 | Proposed Fund-Based Bank Limits | - | 21.79 | Crisil A-/Stable | |
| 12 | Term Loan | Axis Bank Limited | 28.14 | Crisil A-/Stable | |
| 13 | Term Loan | State Bank of India | 6.69 | Crisil A-/Stable | |
| 14 | Term Loan | HDFC Bank Limited | 9.94 | Crisil A-/Stable | |
| 15 | Term Loan | ICICI Bank Limited | 23.39 | Crisil A-/Stable | |
| Total | 200 |
PPAP Stock Price Movement
Shares of PPAP Automotive Limited are edging higher to ₹210.5 as of 2:39 PM, gaining 1.40% in live trading. The positive momentum is supported by the stock trading on a cumulative volume of 7,700 shares.Source:
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