Vishal Fabrics retains IND A-/Stable ratings on ₹328.42 crore banking facilities
The Chiripal Group textile company retained its India Ratings grades across ₹328.42 crore in banking facilities. FY26 net profit rose 22.85% to ₹35.64 crore on 5.41% sales growth, though Q4 sales declined 11.06% year-on-year.
What happened
Vishal Fabrics Ltd · Indian denim and textile producer Vishal Fabrics retained IND A-/Stable/IND A2+ ratings on INR 328.42 crore of banking facilities. FY26
Key facts
- INR 50 crore term loan rated IND A-/Stable/IND A2+
- INR 38.42 crore term loan rating retained
- INR 200 crore fund-based working-capital limit rating retained
- INR 40 crore non-fund-based working-capital limit rating retained
- Total banking facilities: INR 328.42 crore
What changed
Indian denim and textile producer Vishal Fabrics retained IND A-/Stable/IND A2+ ratings on INR 328.42 crore of banking facilities. FY26 profit rose 22.85% to INR 35.64 crore and sales increased 5.41%, while Q4 sales declined 11.06%.
Why this matters
Vishal Fabrics’ retained IND A-/Stable ratings support banking-facility continuity, while the Q4 sales decline warrants close monitoring of demand and utilization.
What to watch
- Whether sales return to growth after the 11.06% year-on-year Q4 decline.
- EBITDA margin and net profit conversion versus the 22.85% FY26 profit-growth rate.
- Inventory days, receivable days and working-capital borrowing utilization.
- Debt reduction, interest coverage and operating cash-flow generation relative to rating expectations.
- Textile yarn and processing input costs, export demand and domestic apparel consumption trends.