India Ratings Revises RSWM Outlook To Stable, Affirms ‘IND A’ Rating
RSWM Ltd., part of the LNJ Bhilwara Group and one of India’s leading manufacturers of synthetic, mélange, cotton and blended yarns, denim fabric, knitted fabric and green polyester fibre, has received a revised credit outlook from India Ratings & Research (Ind-Ra). The agency has upgraded the company’s outlook from Negative to Stable while reaffirming its long-term issuer rating at IND A.
The revision follows a prolonged period of negative outlook over the past two financial years and reflects improved financial strength, disciplined capital management and steady operational performance.
Rating details
- Issuer Rating: IND A / Stable (outlook revised from Negative to Stable)
- Bank Loan Facilities (₹34.5 crore): IND A / Stable / IND A1 (assigned)
- Bank Loan Facilities (₹2,121.3 crore): IND A / Stable / IND A1 (affirmed; outlook revised to Stable)
Welcoming the development, Riju Jhunjhunwala, Chairman & Managing Director and CEO of RSWM Ltd., said the revised outlook reflects the company’s strong business fundamentals, financial discipline and operational resilience. He added that the company remains focused on sustainable growth while maintaining prudent capital allocation and balance sheet management.
Rajeev Gupta, Joint Managing Director, noted that the rating action underscores the company’s focus on operational excellence under its “RSWM 2.0” transformation initiative. He said RSWM will continue to strengthen its market position through innovation, efficiency and long-term value creation for stakeholders.
The rating revision signals improved confidence in RSWM’s financial stability and outlook within the textile manufacturing sector.
