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Entity-Specific Rating Rationales

08 May 2026

Greenlam Industries Limited: Ratings reaffirmed

Greenlam Industries Limited: Ratings reaffirmed

12 Feb 2025

Greenlam Industries Limited: Ratings reaffirmed

Greenlam Industries Limited: Ratings reaffirmed

08 Nov 2024

Greenlam Industries Limited: Rating withdrawn for NCDs

Greenlam Industries Limited: Rating withdrawn for NCDs

18 Dec 2023

Greenlam Industries Limited: Ratings reaffirmed; outlook revised to Negative

Greenlam Industries Limited: Ratings reaffirmed; outlook revised to Negative

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Entity-Specific Credit Perspective Reports

02 Jun 2026

Greenlam Industries Limited

Greenlam Industries Limited (Non-SF)

11 Mar 2025

Greenlam Industries Limited

Greenlam Industries Limited (Non-SF)

17 Jan 2024

Greenlam Industries Limited

Greenlam Industries Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Long-term – Fund-based – Others -- -- [ICRA]AA-(Negative) --
Short-term – Non-fund based – Others [ICRA]A1+ -- -- --
Non-Convertible Debenture -- -- Withdrawn --
Proposed Non-Convertible Debentures -- -- Withdrawn --

Our Analysts

Analyst 1

Mihir Gada

Analyst 2

Abhishek Lahoti

Sector Head

Ashish Modani
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