18-Aug-2026Today's Market Indicators


Crisil Ratings affirmed AAA/Stable ratings for UltraTech Cement's debt instruments and commercial paper
(20:33, 17 Aug 2026)
UltraTech Cement Ltd announced that Crisil Ratings has assigned a rating of AAA/Stable to Non-convertible debentures amounting to Rs. 250 crore, reaffirmed ratings on existing debt instruments and bank loan facilities totaling Rs. 5400 crore, reaffirmed the Crisil AAA/Stable rating for Commercial Paper of Rs. 5000 crore, and reaffirmed the Crisil A1+ rating for Commercial Paper; additionally, Crisil noted an improvement in Net Debt to EBITDA to 1.1 times in Fiscal 2026, and expects a steady improvement below 1 time in the medium term, alongside a strong credit risk profile supported by a healthy cash balance of over Rs 6,829 crore as on June 30, 2026, with further details available in the rating rationale accessible at https://www.crisilratings.com/mnt/winshare/Ratings/RatingList/RatingDocs/UltraTechCementLimited_August_17_2026_RR_401130.html.