ICRA Revises Credit Ratings for Rama Phosphates Ltd, Boosting Total Rated Amount to Rs 168.00 Crore
Mumbai, April 28, 2026: Rama Phosphates Ltd, a manufacturer of various chemical products including SSP Fertilizer, Sulphuric Acid, Oleum 23% | 65%, Chlorosulfonic Acid, Edible Soya Oil, Soya De Oiled Cake, Lecithin, MgSO, ZnSO (Hepta & Mono Hydrate), Mix Micronutrients, Sulphur DP, SSF, Phosphogypsum, and LABSA, received revised credit ratings from ICRA on April 28, 2026.The rating actions covered the company's facility limits, spanning both long-term and short-term fund and non-fund based limits.
The detailed rating changes and associated facility amounts are presented below:
| Facilities | Previous Rated Amount (Rs. Crore) | Current Rated Amount (Rs. Crore) | Previous Rating | Current Rating |
|---|---|---|---|---|
| Long Term - Fund Based Limits | 80.00 | 100.00 | ICRA A- ; placed on rating watch with negative implications | ICRA A- ; rating watch with negative implications and assigned for enhanced amount; continues to be on watch |
| Short Term - Non-Fund Based Limits | 48.00 | 60.00 | ICRA A2+ ; placed on rating watch with negative implications | ICRA A2+ ; rating watch with negative implications and assigned for enhanced amount; continues to be on watch |
| Long Term - Fund Based - Term Loan | 8.00 | 8.00 | ICRA A- ; placed on rating watch with negative implications | ICRA A- ; rating watch with negative implications; continues to be on watch |
| Long Term/ Short Term - Unallocated | - | - | -- | -- |
| Total | 136.00 | 168.00 |
The ratings revisions reflect the increase in the total rated amount from Rs 136.00 Crore to Rs 168.00 Crore. Haresh D. Ramsinghani, Chairman & Managing Director of Rama Phosphates Ltd, confirmed the rating update.
RAMAPHO Stock Price Movement
Shares of Rama Phosphates Limited are edging higher to ₹136.37 as of 2:50 PM today, gaining 0.04% in live trading. Trading volume remains robust, with 28,568 shares moving through the books.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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