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Entity-Specific Rating Rationales

08 Apr 2026

V-Guard Industries Limited: Long-term rating upgraded to [ICRA]AA+, outlook revised to Stable from Positive; short-term rating reaffirmed

V-Guard Industries Limited: Long-term rating upgraded to [ICRA]AA+, outlook revised to Stable from Positive; short-term rating reaffirmed

24 Feb 2025

V-Guard Industries Limited: Ratings reaffirmed; outlook revised to Positive from Stable

V-Guard Industries Limited: Ratings reaffirmed; outlook revised to Positive from Stable

05 Feb 2024

V-Guard Industries Limited: Ratings reaffirmed; rated amount enhanced

V-Guard Industries Limited: Ratings reaffirmed; rated amount enhanced

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Entity-Specific Credit Perspective Reports

08 May 2026

V-Guard Industries Limited

V-Guard Industries Limited (Non-SF)

24 Mar 2025

V-Guard Industries Limited

V-Guard Industries Limited (Non-SF)

04 Mar 2024

V-Guard Industries Limited

V-Guard Industries Limited (Non-SF)

Ratings

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

Our Analysts

Analyst 1

Sandipan Kumar Das

Analyst 2

Sujoy Saha

Sector Head

Jitin Makkar
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