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CARE revises ratings of Star Paper Mills’ bank facilities

16 Mar 2015 Evaluate

Credit rating agency, Credit Analysis & Research (CARE) has revised rating of Star Paper Mills’ long term bank facilities worth Rs 19 crore to ‘BB-’ from ‘B+’. The rating agency has reaffirmed ‘A4’ rating to the company’s short-term bank facilities worth Rs 10 crore.

The revision in the long-term rating of Star Paper Mills is on account of improvement in the operational performance of the company in M9FY15. However, the rating continues to be constrained by volatile raw material price and dependence on grid for power leading to higher cost.

Star Paper Mills produces a wide range of Industrial, Packaging and Cultural Papers catering to almost all segments of the market. The company sells its paper under ‘Star Brand’ with a distribution network throughout the country besides exporting products to neighboring countries.

Star Paper Mills Share Price

140.90 -2.10 (-1.47%)
05-May-2026 13:16 View Price Chart
Peers
Company Name CMP
JK Paper 367.50
TN Newsprints 157.10
West Coast Paper 497.55
Emami Paper Mills 81.01
Seshasayee Paper 268.85
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