As an early entrant in the Credit Rating business, ICRA Limited (ICRA) is one of the most experienced Credit Rating Agencies in the country today. ICRA rates rupee-denominated debt instruments issued by manufacturing companies, commercial banks, non-banking finance companies, financial institutions, public sector undertakings and municipalities, among others. ICRA also rates structured obligations and sector-specific debt obligations such as instruments issued by Power, Telecom and Infrastructure companies. The other services offered include Corporate Governance Rating, Stakeholder Value and Governance Rating, Credit Risk Rating of Debt Mutual Funds, Rating of Claims Paying Ability of Insurance Companies, Project Finance Rating, Line of Credit Rating and Valuation of Principal Protected-Market Linked Debentures (PP-MLD).
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z All

Company Name Sector Name Long Term Medium Term Short Term Issuer Outlook
N S Vaishno Devi Developers India Private Limited
Rationale / Rating Methodologies
Real estate [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
N S Vaishno Devi Developers India Private Limited
Rationale / Rating Methodologies
Real estate [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
N S Vaishno Devi Developers India Private Limited
Rationale / Rating Methodologies
Real estate [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
N. D. Plastics
Rationale / Rating Methodologies
PetroChemicals and Polymers -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
N. D. Plastics
Rationale / Rating Methodologies
PetroChemicals and Polymers [ICRA]B- ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
N. D. Plastics
Rationale / Rating Methodologies
PetroChemicals and Polymers [ICRA]B- ISSUER NOT COOPERATING -- -- -- Stable
N.B Hi-Tech Cold Storage
Rationale / Rating Methodologies
Agricultural Produce [ICRA]B- ISSUER NOT COOPERATING -- -- -- Stable
N.B Hi-Tech Cold Storage
Rationale / Rating Methodologies
Agricultural Produce [ICRA]B- ISSUER NOT COOPERATING -- -- -- Stable
N.B.Cotex Pvt. Ltd.
Rationale / Rating Methodologies
Textiles [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
N.B.Cotex Pvt. Ltd.
Rationale / Rating Methodologies
Textiles [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
N.B.Cotex Pvt. Ltd.
Rationale / Rating Methodologies
Textiles [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
N.D. Gupta & Sons
Rationale / Rating Methodologies
Construction [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
N.D. Gupta & Sons
Rationale / Rating Methodologies
Construction -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
N.K Trading Co
Rationale / Rating Methodologies
Trading [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
N.K Trading Co
Rationale / Rating Methodologies
Trading [ICRA]B+ ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
N.R. Constructions
Rationale / Rating Methodologies
Construction [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
N.R. Constructions
Rationale / Rating Methodologies
Construction [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
N.S. Associates Private Limited
Rationale / Rating Methodologies
Construction -- -- [ICRA]A4+ ISSUER NOT COOPERATING -- --
N.S. Associates Private Limited
Rationale / Rating Methodologies
Construction [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
Nabadigant Educational Trust
Rationale / Rating Methodologies
Education [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
Nabadigant Educational Trust
Rationale / Rating Methodologies
Education [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
Nabadigant Educational Trust
Rationale / Rating Methodologies
Education [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
Nagarjuna Warehousing
Rationale / Rating Methodologies
Miscellaneous [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Nagarjuna Warehousing
Rationale / Rating Methodologies
Miscellaneous [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Nagarkurnool Municipality
Rationale / Rating Methodologies
Public finance [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Naik Environmental Engineers Private Limited
Rationale / Rating Methodologies
Engineering -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Naik Environmental Engineers Private Limited
Rationale / Rating Methodologies
Engineering [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Nalari Ferro Alloys Private Limited
Rationale / Rating Methodologies
Ferrous metals -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Nalari Ferro Alloys Private Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]B- ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
Nalari Ferro Alloys Private Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]B- ISSUER NOT COOPERATING -- -- -- Stable
Nalari Ferro Alloys Private Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]B- ISSUER NOT COOPERATING -- -- -- Stable
Nallamilli Satyanarayana Reddy and Others
Rationale / Rating Methodologies
Agricultural Produce [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Nallamilli Satyanarayana Reddy and Others
Rationale / Rating Methodologies
Agricultural Produce [ICRA]BB- ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
Nallamilli Satyanarayana Reddy and Others
Rationale / Rating Methodologies
Agricultural Produce [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Namasthetu Infratech Private Limited
Rationale / Rating Methodologies
Construction [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Namasthetu Infratech Private Limited
Rationale / Rating Methodologies
Construction [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Namasthetu Infratech Private Limited
Rationale / Rating Methodologies
Construction -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Nanda Infra Construction Private Limited
Rationale / Rating Methodologies
Construction [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
Nanda Infra Construction Private Limited
Rationale / Rating Methodologies
Construction -- -- [ICRA]A4+ ISSUER NOT COOPERATING -- --
Nanda Infra Construction Private Limited
Rationale / Rating Methodologies
Construction -- -- [ICRA]A4+ ISSUER NOT COOPERATING -- --
Nandan Terry Private Limited
Rationale / Rating Methodologies
Utilities [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Nandan Terry Private Limited
Rationale / Rating Methodologies
Utilities -- -- [ICRA]A4+ ISSUER NOT COOPERATING -- --
Nandini Fitness Pvt. Ltd.
Rationale / Rating Methodologies
Miscellaneous [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Nandyala Satyanarayana
Rationale / Rating Methodologies
Trading [ICRA]BB- ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
Nandyala Satyanarayana
Rationale / Rating Methodologies
Trading -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Nandyala Satyanarayana
Rationale / Rating Methodologies
Trading [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Nandyala Satyanarayana
Rationale / Rating Methodologies
Trading [ICRA]BB- ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
Nanjappa Trust
Rationale / Rating Methodologies
Healthcare [ICRA]BBB- ISSUER NOT COOPERATING -- -- -- Stable
Nanjappa Trust
Rationale / Rating Methodologies
Healthcare [ICRA]BBB- ISSUER NOT COOPERATING -- -- -- Stable
Nanjappa Trust
Rationale / Rating Methodologies
Healthcare [ICRA]BBB- ISSUER NOT COOPERATING -- -- -- Stable
Narasaraopet Municipality
Rationale / Rating Methodologies
Public finance [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Narayan Cold Storage (P) Ltd
Rationale / Rating Methodologies
Logistics [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Narayan Cold Storage (P) Ltd
Rationale / Rating Methodologies
Logistics [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Narendra Dev (Railways)
Rationale / Rating Methodologies
Utilities [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
Narendra Dev (Railways)
Rationale / Rating Methodologies
Utilities -- -- [ICRA]A4+ ISSUER NOT COOPERATING -- --
Narendra Dev Girrajji Constructions (JV)
Rationale / Rating Methodologies
Construction [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Narendra Dev Girrajji Constructions (JV)
Rationale / Rating Methodologies
Construction -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Narendra Emporis Limited
Rationale / Rating Methodologies
Textiles -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Narendra Emporis Limited
Rationale / Rating Methodologies
Textiles [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Narmada Dal Mill
Rationale / Rating Methodologies
Agricultural Produce [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Narmada Dal Mill
Rationale / Rating Methodologies
Agricultural Produce [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Narula Solvex Pvt. Ltd.
Rationale / Rating Methodologies
Food and food products [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Narula Tools International
Rationale / Rating Methodologies
Ferrous metals [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
National Electronics
Rationale / Rating Methodologies
Consumer durables [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
National Industrial Corporation Limited
Rationale / Rating Methodologies
Breweries and Distilleries [ICRA]BB ISSUER NOT COOPERATING -- -- -- Stable
National Industrial Corporation Limited
Rationale / Rating Methodologies
Breweries and Distilleries -- -- [ICRA]A4+ ISSUER NOT COOPERATING -- --
National Steel and Agro Industries Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]D ISSUER NOT COOPERATING -- -- -- --
National Steel and Agro Industries Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]D ISSUER NOT COOPERATING -- -- -- --
National Steel and Agro Industries Limited
Rationale / Rating Methodologies
Ferrous metals -- -- [ICRA]D ISSUER NOT COOPERATING -- --
National Steel and Agro Industries Limited
Rationale / Rating Methodologies
Ferrous metals -- -- [ICRA]D ISSUER NOT COOPERATING -- --
Natural Sugar and Allied Industries Limited
Rationale / Rating Methodologies
Sugar [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Natural Sugar and Allied Industries Limited
Rationale / Rating Methodologies
Sugar [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Nav Bharat Rice & General Mills
Rationale / Rating Methodologies
Agricultural Produce [ICRA]B ISSUER NOT COOPERATING -- -- -- Stable
Navalakha Translines
Rationale / Rating Methodologies
Logistics [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Navalakha Translines
Rationale / Rating Methodologies
Logistics [ICRA]BB+ ISSUER NOT COOPERATING -- -- -- Stable
Navin Cold Storage Pvt. Ltd.
Rationale / Rating Methodologies
Logistics [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Navin Cold Storage Pvt. Ltd.
Rationale / Rating Methodologies
Logistics [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Navin Cold Storage Pvt. Ltd.
Rationale / Rating Methodologies
Logistics [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Navin Cold Storage Pvt. Ltd.
Rationale / Rating Methodologies
Logistics [ICRA]D ISSUER NOT COOPERATING -- -- -- --
Navkar Buildcon
Rationale / Rating Methodologies
Real estate [ICRA]B- ISSUER NOT COOPERATING -- -- -- Stable
NBM Iron and Steel Trading Private Limited
Rationale / Rating Methodologies
Shipbreaking -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
NBM Iron and Steel Trading Private Limited
Rationale / Rating Methodologies
Shipbreaking [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Neco heavy Engineering and Castings Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Neco heavy Engineering and Castings Limited
Rationale / Rating Methodologies
Ferrous metals -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Nectar Crafts
Rationale / Rating Methodologies
Miscellaneous [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Nectar Crafts
Rationale / Rating Methodologies
Miscellaneous [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Nectar Crafts
Rationale / Rating Methodologies
Miscellaneous [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Nectar Crafts
Rationale / Rating Methodologies
Miscellaneous -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Neelay Metal Industries
Rationale / Rating Methodologies
Electronics and Electricals [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Neelay Metal Industries
Rationale / Rating Methodologies
Electronics and Electricals [ICRA]BB- ISSUER NOT COOPERATING -- [ICRA]A4 ISSUER NOT COOPERATING -- Stable
Neelay Metal Industries
Rationale / Rating Methodologies
Electronics and Electricals -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Neelkamal Steels Private Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]BBB- ISSUER NOT COOPERATING -- -- -- Stable
Neelkamal Steels Private Limited
Rationale / Rating Methodologies
Ferrous metals [ICRA]BBB- ISSUER NOT COOPERATING -- -- -- Stable
Neelkamal Steels Private Limited
Rationale / Rating Methodologies
Ferrous metals -- -- [ICRA]A3 ISSUER NOT COOPERATING -- --
Neelkanth Pulp & Paper Boards
Rationale / Rating Methodologies
Paper [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Neelkanth Pulp & Paper Boards
Rationale / Rating Methodologies
Paper [ICRA]BB- ISSUER NOT COOPERATING -- -- -- Stable
Neelkanth Pulp & Paper Boards
Rationale / Rating Methodologies
Paper -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Neelson Ceramic LLP
Rationale / Rating Methodologies
Ceramic tiles [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Neelson Ceramic LLP
Rationale / Rating Methodologies
Ceramic tiles -- -- [ICRA]A4 ISSUER NOT COOPERATING -- --
Neelson Ceramic LLP
Rationale / Rating Methodologies
Ceramic tiles [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
Recent Releases

  • Bajaj Electricals Limited: Ratings revised to [ICRA]A-(Negative)/[ICRA]A2+; outlook remains Negative

    Rationale / 15 Nov 2019

  • GTN Industries Limited: Long-term rating upgraded to [ICRA]B(Stable); Short-term rating reaffirmed

    Rationale / 15 Nov 2019

  • T S Alloys Limited: Ratings reaffirmed and placed on Rating watch wT S Alloys Limited: Ratings reaffirmed and placed on Rating watch with developing implications ith developing implications

    Rationale / 15 Nov 2019