ICRA Reaffirms Credit Rating for Unichem Laboratories Ltd's Bank Facilities
ICRA, the credit rating agency, has reaffirmed its rating of A+ for the Rs. 180 crore bank facilities extended to Unichem Laboratories Ltd. The rating action pertains to the company's instruments, as detailed in a letter dated April 9, 2026.The rating committee reviewed the rating actions for the specified instruments of Unichem Laboratories Limited. The reaffirmed ratings are as follows:
| Instrument | Rated Amount (Rs. crore) | Rating Action |
|---|---|---|
| Long-term - Fund-based/Non-fund Based Facilities | 120 | [ICRAJA+ (Stable); reaffirmed |
| Long Term - Unallocated Limits | 60 | [ICRAAt (Stable); reaffirmed |
| Total | 180 |
The total rated amount across the mentioned instruments stands at Rs. 180 crore.
The rating assessment is specific to the terms and conditions of the instruments as provided by the company. ICRA noted that any change in the terms or size of the rated instrument would necessitate a review of the rating.
For reference, a separate schedule provided the details of bank limits rated by ICRA on a long-term scale, totaling Rs. 180.00 crore:
| Details of Bank Limits Rated by ICRA | Amount (Rs. crore) | Rating | Rating Assigned On |
|---|---|---|---|
| Fund-based/Non-fund Based Facilities | [ICRAJA+ (Stable) | March 31, 2026 | |
| Kotak Mahindra Bank Limited | 60.00 | [ICRAJA+ (Stable) | March 31, 2026 |
| Citibank N.A. | 30.00 | [ICRAJA+ (Stable) | March 31, 2026 |
| HDFC Bank Limited | 30.00 | [ICRAJA+ (Stable) | March 31, 2026 |
| Unallocated Limits | [ICRAJA+ (Stable) | March 31, 2026 | |
| 60.00 | [ICRAJA+ (Stable) | March 31, 2026 | |
| Total | 180.00 | [ICRAJA+ (Stable) | March 31, 2026 |
The reaffirmed rating is scheduled to be due for surveillance within one year from the date of the rating communication letter. ICRA advised that lenders and investors visit the ICRA website for the latest rating information.
Stock Price Movement
As of 10:42 AM, Unichem Laboratories Ltd shares are ticking up, currently trading at ₹341.85, reflecting a 2.09% increase. The stock has seen intraday action, having moved between a low of ₹332.45 and a high of ₹344.90.Source:
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