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Godrej Properties Limited: Change in limits for Bank facilities 17 Oct 2025

Ganapati Fishing Lines Pvt Ltd: Continues to remain under issuer Non-Cooperating category 17 Oct 2025

Sigma Moulds and Stampings Private Limited: Ratings reaffirmed 17 Oct 2025
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EU’s new trade guardrails: A potential spoiler for Indian steel exporters 16 Oct 2025

India’s merchandise trade deficit soared to 13-month high in Sep 2025, after US penalty rollout; CAD to widen materially in Q2 FY2026 16 Oct 2025

Impact of RBI’s proposed ECL framework on banks’ capitalisation profile likely to be moderate 15 Oct 2025
Most Trending Reports

Persistent asset quality challenges to dampen profitability and growth expectations in FY2026 29 Aug 2025

NBFCs hit the slow lane as demand tapers 31 Jul 2025

Growth momentum sustains at a slower pace; improving operational efficiency crucial as competition intensifies 29 Aug 2025
Credit Perspective
About Credit Perspective Reports

ICRA industry research provides unique research offering for 60+ sectors in India wherein 250+ Ratings analysts
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Special Comments

EU’s new trade guardrails: A potential spoiler for Indian steel exporters 16 Oct 2025

India’s merchandise trade deficit soared to 13-month high in Sep 2025, after US penalty rollout; CAD to widen materially in Q2 FY2026 16 Oct 2025

Impact of RBI’s proposed ECL framework on banks’ capitalisation profile likely to be moderate 15 Oct 2025
Most Trending Research

Persistent asset quality challenges to dampen profitability and growth expectations in FY2026 29 Aug 2025

NBFCs hit the slow lane as demand tapers 31 Jul 2025

Growth momentum sustains at a slower pace; improving operational efficiency crucial as competition intensifies 29 Aug 2025
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Apr-Sep steel imports slump, but India still net buyer - Mint 09 October 2025

Power Giants Hot Up Thermal Plans with Over Rs 5.5 L cr spends - The Economic Times 09 October 2025

Power Giants Hot Up Thermal Plans with Over Rs 5.5 L cr spends - The Economic Times 09 October 2025
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Ashirvad Pipes Private Limited

Sector : Industrial Products Sub Sectors : Plastic Products - Industrial

17 Oct 2025 Ashirvad Pipes Private Limited: Ashirvad Pipes Private Limited-CPR-17102025

Home Credit Perspective Reports Ashirvad Pipes Private Limited

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Entity-Specific Rating Rationales

09 Oct 2025

Ashirvad Pipes Private Limited: Ratings reaffirmed

Ashirvad Pipes Private Limited: Ratings reaffirmed

08 Oct 2024

Ashirvad Pipes Private Limited: Long-term rating downgraded to [ICRA]AA-(Stable); short-term rating reaffirmed

Ashirvad Pipes Private Limited: Long-term rating downgraded to [ICRA]AA-(Stable); short-term rating reaffirmed

15 Mar 2024

Ashirvad Pipes Private Limited : Update on Entity

Ashirvad Pipes Private Limited : Update on Entity

29 Jan 2024

Ashirvad Pipes Private Limited : Ratings reaffirmed

Ashirvad Pipes Private Limited : Ratings reaffirmed

31 Oct 2022

Ashirvad Pipes Private Limited : Ratings reaffirmed; rated amount enhanced

Ashirvad Pipes Private Limited : Ratings reaffirmed; rated amount enhanced

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Entity-Specific Credit Perspective Reports

17 Oct 2025

Ashirvad Pipes Private Limited

Ashirvad Pipes Private Limited (Non-SF)

28 Feb 2024

Ashirvad Pipes Private Limited

Ashirvad Pipes Private Limited (Non-SF)

Ratings

Description	Short Term	Medium Term	Long Term	Issuer
Long Term / Short Term - Fund based/Non Fund Based	[ICRA]A1+	--	[ICRA]AA-(Stable)	--

Our Analysts

Analyst 1

Kushal Kumar

+91 40 40676521
kushal.kumar@icraindia.com

Analyst 2

Prashant Vasisht

+91 124 4545322
prashant.vasisht@icraindia.com

Sector Head

Girishkumar Kashiram Kadam

9324026665
girishkumar@icraindia.com

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Credit Quality Trends and Performance of ICRA-Assigned Ratings in H1 FY2026

Mr. K Ravichandran,Mr. Pratik Singhania

01 Oct 2025 04:00 PM

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The Indian Pharmaceutical Industry- Industry at a Crossroads: Navigating Global Challenges and Local Opportunities

Ms. Kinjal Shah,Mr. Deepak Jotwani

18 Sep 2025 04:00 PM

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India’s Clean Tech Mission: A $2 Trillion Opportunity | Insights by Madhura Nejjur

Oct 2025

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