Credit rating agency, CARE has reaffirmed ‘BB+’ rating to Shree Hari Chemicals Exports’ long term bank facilities worth Rs 2 crore and ‘A4+’ rating to company’s Short term Bank Facilities worth Rs 7.35 crore.
The ratings assigned to the bank facilities of Shree Hari Chemicals Exports (SHCEL) continue to be constrained by modest scale of operation, susceptibility of profitability to fluctuation in raw material price and exchange rates and operations in the highly competitive and fragmented industry.
The reaffirmation of the ratings factors in the significant fluctuation in the total income and profit margin in FY15 (refers to the period April 01 to March 31) and 9MFY16 along with marginal decline in the working capital cycle.
Shree Hari Chemicals offer qualitative range of dye intermediates, drug intermediates, with the ever-growing demand of dyes and pharmaceutical industries.
| Company Name | CMP |
|---|---|
| BASF India | 3703.10 |
| Tata Chemicals | 709.05 |
| SRF | 2493.65 |
| Pidilite Inds. | 1393.25 |
| Deepak Nitrite | 1538.00 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: