Dishman Carbogen Amcis Clarifies Credit Rating Downgrade by India Ratings
Published on: Feb. 23, 2026, 7:46 p.m. | Source: scanx.trade
Dishman Carbogen Amcis Limited clarified the recent credit rating downgrade by India Ratings, which reduced long-term and short-term ratings to A and A1 respectively with negative outlook from previous A+ and A1+ with stable outlook. The company highlighted improved financial metrics including net leverage declining from 3.92x to 3.18x between March and September 2025, and EBITDA margins showing recovery with consolidated margins (excluding France and India operations) improving from 19.75% in FY2020 to 25.68% in 6MFY2026. Management emphasized that the rating action does not reflect the group's improving business and financial performance.
