Credit rating agency cites strong financial position, disciplined capital management and operational resilience
RSWM Ltd., one of India’s leading manufacturers of value-added synthetic, mélange, cotton and blended yarns, denim fabric, knitted fabric and green polyester fibre, has announced that India Ratings & Research (Ind-Ra) has revised the company’s outlook from Negative to Stable while affirming its long-term issuer rating at IND A.
The rating action applies to RSWM’s total credit facilities of ₹2,156 crore and reflects the company’s strengthened financial profile, prudent capital allocation and consistent operational performance.
The revision marks a significant achievement for the company, which had maintained a Negative outlook over the past two financial years. The Stable outlook signals increased confidence in RSWM’s ability to sustain its financial and operational performance despite evolving market conditions.
Rating Details
| Instrument Type | Size of Issue | Assigned Rating | Rating Action |
|---|---|---|---|
| Issuer Rating | – | IND A/Stable | Affirmed; Outlook revised to Stable |
| Bank Loan Facilities | ₹34.5 Cr | IND A/Stable/IND A1 | Assigned |
| Bank Loan Facilities | ₹2,121.3 Cr | IND A/Stable/IND A1 | Affirmed; Outlook revised to Stable |
Commenting on the development, Mr. Riju Jhunjhunwala, Chairman, Managing Director and CEO of RSWM Limited, said the outlook revision reflects the company’s strong business fundamentals, financial discipline and resilience.
“The revision of our outlook to Stable reflects the strength of RSWM’s business fundamentals, financial discipline, and resilience. We remain committed to driving sustainable growth while maintaining a prudent approach to capital allocation and balance sheet management,” he said.
Mr. Rajeev Gupta, Joint Managing Director, RSWM Limited, added that the positive rating action validates the company’s ongoing transformation initiatives under the RSWM 2.0 framework.
“This positive rating action is a recognition of our continued focus on operational excellence and financial prudence under the RSWM 2.0 initiative. We will continue to strengthen our market position through innovation, efficiency, and value creation for all stakeholders,” Gupta said.
The rating affirmation and outlook revision come at a time when RSWM continues to focus on enhancing operational efficiencies, strengthening its product portfolio, and advancing sustainability-led growth strategies. The company remains committed to maintaining financial stability while pursuing long-term value creation across its textile and synthetic fibre businesses.
As part of the LNJ Bhilwara Group, RSWM has established a strong presence in domestic and international textile markets through its diversified product portfolio and integrated manufacturing capabilities. The latest rating action further reinforces confidence in the company’s strategic direction and financial strength as it continues its transformation journey under the RSWM 2.0 roadmap.
