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As an early entrant in the Credit Rating business, ICRA Limited (ICRA) is one of the most experienced Credit Rating
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Rating Rationales

ZF Rane Occupant Safety Systems Private Limited: Ratings placed on watch with negative implications 24 Feb 2026

ZF Rane Automotive India Private Limited: Ratings reaffirmed 24 Feb 2026

Naik Environmental Engineers Private Limited.: Ratings Withdrawn 24 Feb 2026
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New gratuity rules cast a (small) shadow on the financial results of corporate India 24 Feb 2026

Growth in economic activity cooled in January 2026, amid unfavourable base 24 Feb 2026

Domestic air passenger traffic grew by 6% YoY in January 2026 20 Feb 2026
Most Trending Reports

Industry volumes continue robust YoY volume growth in January 2026 23 Feb 2026

Flying on a budget: A comparison of India’s low-cost airlines and their global counterparts 23 Feb 2026

Prospects for investment activity revitalised in FY2027, with double digit hike in public capex target, reduction in US tariffs 09 Feb 2026
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

New gratuity rules cast a (small) shadow on the financial results of corporate India 24 Feb 2026

Growth in economic activity cooled in January 2026, amid unfavourable base 24 Feb 2026

Domestic air passenger traffic grew by 6% YoY in January 2026 20 Feb 2026
Most Trending Research

Industry volumes continue robust YoY volume growth in January 2026 23 Feb 2026

Flying on a budget: A comparison of India’s low-cost airlines and their global counterparts 23 Feb 2026

Prospects for investment activity revitalised in FY2027, with double digit hike in public capex target, reduction in US tariffs 09 Feb 2026
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Road sector hits a slow lane as project awarding moderates 25 Feb 2026 04:00 PM
What's in the news?

India explores ways to secure energy supplies - The Times Of India 24 February 2026

GDP likely grew 7.35% in Q3 FE poll - The Financial Express 24 February 2026

New RBI norms may trim banks fee income - Financial Express 23 February 2026
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Indofil Industries Limited

Sector : Fertilizers & Agrochemicals Sub Sectors : Pesticides & Agrochemicals

24 Feb 2026 Indofil Industries Limited: Indofil Industries Limited-CPR-24022026

Home Credit Perspective Reports Indofil Industries Limited

Entity-Specific Rating Rationales

28 Jan 2026

Indofil Industries Limited: Ratings reaffirmed

17 Jan 2025

Indofil Industries Limited: [ICRA]AA-(Stable)/[ICRA]A1+ assigned

Entity-Specific Credit Perspective Reports

24 Feb 2026

Indofil Industries Limited

Indofil Industries Limited (Non-SF)

13 Feb 2025

Indofil Industries Limited

Indofil Industries Limited (Non-SF)

Ratings

Description	Short Term	Medium Term	Long Term	Issuer
Fund Based - Working Capital	--	--	[ICRA]AA-(Stable)	--
Fund based - Term Loans	--	--	[ICRA]AA-(Stable)	--
Long Term/ Short Term Unallocated	[ICRA]A1+	--	[ICRA]AA-(Stable)	--
Short Term Non Fund Based	[ICRA]A1+	--	--	--
bank facilities	Withdrawn	--	Withdrawn	--