CRISIL reaffirms rating of Nippo Batteries’ bank facilities

15 Mar 2012 Evaluate

Credit rating agency, CRISIL has reaffirmed AA rating with stable outlook to long term bank facilities of Nippo Batteries Company. The rating agency has also reaffirmed A1+ rating to short term bank facilities of the company.

The ratings on the bank facilities of the company continue to reflect Nippo’s established market position and strong brand image in the dry cell industry; wide and established distribution network; and strong financial risk profile marked by low gearing and healthy debt protection metrics.

Based in Chennai (Tamil Nadu), Nippo manufactures and sells dry cells. It also trades in torches, emergency power back-up range of products and compact fluorescent lamp (CFL) bulbs. Nippo also has windmills with a total capacity of 4.5 megawatt (MW).

Indo-National Share Price

512.90 6.85 (1.35%)
22-Nov-2024 16:59 View Price Chart
Peers
Company Name CMP
Exide Inds 424.10
Amara Raja Energy 1229.00
HBL Engineering 560.40
Eveready Inds. India 373.80
Indo-National 512.90
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.