Mumbai-based Fineotex Chemical Ltd., a pioneer in speciality chemicals, has an elevated… – Finotex ratings increases, 30 Jan 2023

Mumbai-based Fineotex Chemical Ltd., a pioneer in speciality chemicals, has an elevated rating. As sales to consumers in the home and hygiene sector are anticipated to lower their working capital cycle over the medium term considerably, the upgrade takes into consideration the improved business risk profile. Although there is little reliance on debt and little usage of bank facilities, the financial risk profile is still favourable.
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