Credit rating agency, CARE has reaffirmed BBB- rating to Thirumalai Chemical’s long-term bank facilities worth Rs 268.62 crore, which was enhanced from Rs 206.34 crore. The rating agency has also reaffirmed A3 rating to the company’s short term bank facilities worth Rs 350 crore, which was enhanced from Rs 251 crore.
The company has received the said rating reaffirmation on the back of its long track record with experienced management, dominant position in the domestic PAN market, strategic initiatives to expand higher-margin food acids business and raw material procurement contracts providing considerable supply assurance.
Thirumalai Chemicals manufactures and markets organic acids, anhydrides and derivatives for a variety of global industries including plastics, resins, paints, and coatings, agro chemicals, food, pharmaceuticals, textiles, personal care, paper, etc.
| Company Name | CMP |
|---|---|
| BASF India | 3681.00 |
| Tata Chemicals | 707.70 |
| SRF | 2471.60 |
| Pidilite Inds. | 1409.60 |
| Deepak Nitrite | 1640.00 |
| 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: