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Xpro India soars on getting rating upgradation from Fitch

05 Dec 2011 Evaluate

Xpro India is currently trading at Rs. 56.10, up by 1.25 points or 2.28% from its previous closing of Rs. 54.85 on the BSE.

The scrip opened at Rs. 53.00 and has touched a high and low of Rs. 57.20 and Rs. 52.95 respectively. So far 44151 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 79.00 on 07-Jan-2011 and a 52 week low of Rs. 43.50 on 25-Feb-2011.

Last one week high and low of the scrip stood at Rs. 57.20 and Rs. 47.05 respectively. The current market cap of the company is Rs. 62.36 crore.

The promoters holding in the company stood at 46.74% while Institutions and Non-Institutions held 1.11% and 52.15% respectively. 

Credit rating agency, Fitch Ratings has upgraded Xpro India (Xpro) National long-term Rating to ‘BBB (ind)’ from ‘BBB-(ind)’. The outlook is stable.

The rating agency has also upgraded rating of long-term bank loans of Rs 63.50 crore (enhanced from Rs 40.54 crore) to ‘BBB (ind)’ from ‘BBB-(ind)’; upgraded rating of fund-based working capital limits of Rs 33.85 crore (enhanced from Rs 30.85 crore) to ‘BBB (ind) / A2(ind)’ from ‘BBB-(ind)/ A3(ind)’; upgraded rating of non-fund-based working capital limits of Rs 28.47 crore (enhanced from Rs 26.30 crore) to ‘A2(ind)’ from ‘A3(ind)’ and also upgraded rating of commercial paper programme (within fund-based working capital limits) of Rs 10 crore to ‘A2(ind)’ from ‘A3(ind)’.

The upgrade reflects Xpro improving credit profile led by sustained improvement in leverage (net debt to EBITDA) - 1.7x in FY11 (FY10: 2.7x; FY09: 3.6x). This improvement is driven by expanding EBITDA from strong revenue growth in FY10 and FY11.

Xpro India is a diversified multi - divisional, multi - Location Company with a strong commitment to the polymer processing industry. Xpro India has a product portfolio consisting of BOPP films, coex cast films, coex sheets, synthetic resins, thermoset moulding materials and cotton yarn.

Xpro India Share Price

1081.50 -6.70 (-0.62%)
17-Apr-2026 16:59 View Price Chart
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