HIL Ltd. ( (IN:HIL) ) has provided an update.
HIL Ltd. announced that India Ratings & Research Pvt. Ltd. has downgraded its Long-Term Issuer Rating from ‘IND AA’ to ‘IND AA-‘ with a negative outlook, and subsequently withdrawn the rating due to no outstanding rated instruments. This downgrade reflects ongoing challenges in HIL’s operating performance and credit profile, particularly due to weak demand in the European market and domestic roofing and building solutions sector. Despite these challenges, the company maintains a strong market position and diversified revenue streams, which are expected to support financial recovery over the medium term.
More about HIL Ltd.
HIL Ltd. is a leading player in the building materials industry, offering a diverse range of products including roofing solutions, building and polymer solutions, and flooring solutions. The company is part of the CK Birla group, which enhances its financial flexibility and market positioning.
YTD Price Performance: -26.56%
Average Trading Volume: 1,416
Current Market Cap: 13.84B INR
Learn more about HIL stock on TipRanks’ Stock Analysis page.
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