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Entity-Specific Rating Rationales

27 Jun 2025

APL Apollo Building Products Private Limited: Ratings reaffirmed

APL Apollo Building Products Private Limited: Ratings reaffirmed

07 Nov 2024

APL Apollo Building Products Private Limited: reaffirmed and assigned for enhanced amount

APL Apollo Building Products Private Limited: reaffirmed and assigned for enhanced amount

04 Sep 2024

APL Apollo Building Products Private Limited: Long-term rating upgraded to [ICRA]AA+; short-term rating reaffirmed; outlook revised to Stable; Rating withdrawn for NCD

APL Apollo Building Products Private Limited: Long-term rating upgraded to [ICRA]AA+; short-term rating reaffirmed; outlook revised to Stable; Rating withdrawn for NCD

31 Mar 2024

APL Apollo Building Products Private Limited: Ratings reaffirmed; Rated amount enhanced

APL Apollo Building Products Private Limited: Ratings reaffirmed; Rated amount enhanced

29 Dec 2023

APL Apollo Building Products Private Limited: Ratings reaffirmed; Outlook revised to Positive

APL Apollo Building Products Private Limited: Ratings reaffirmed; Outlook revised to Positive

30 Mar 2023

APL Apollo Building Products Private Limited: [ICRA]AA (Stable); assigned

APL Apollo Building Products Private Limited: [ICRA]AA (Stable); assigned

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Entity-Specific Credit Perspective Reports

03 Oct 2024

APL Apollo Building Products Private Limited

APL Apollo Building Products Private Limited (Non-SF)

30 Jan 2024

APL Apollo Building Products Private Limited

APL Apollo Building Products Private Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Fund based Term Loan -- -- [ICRA]AA+(Stable) --
Fund based working capital facilities [ICRA]A1+ -- [ICRA]AA+(Stable) --
Commercial Paper [ICRA]A1+ -- -- --
Non Convertible Debenture -- -- Withdrawn --

Our Analysts

Analyst 1

Devanshu Gupta

Analyst 2

Sumit Jhunjhunwala

Sector Head

Girishkumar Kashiram Kadam
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Indian Construction Sector – Trends and Outlook
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