...The ratings ass igned to Raychem RPG Ltd. (RRL) reflect its leadership position in cable jointing kits; its relatively stable EBITDA margins at between ##%\####% over t he past five years; and a favourable demand outlook for its key consuming sectors in India, i.e. power, telecommunications, and oil & gas. The ratings benefit from support from its sponsors the RPG group and Raychem (a subsidiary of Tyco Electronics Ltd. ( BBB /Stable) in the US) which each hold ##% of the company. The ratings also reflect the comfortable debt protection measures maintained by the company over the past few years, with peak net debt/EBITDA touching #.#x in financial year #### (FY##). The ratings also factor in the improved performance during FY## in both the domestic as well as export markets; driven by higher volumes, the thrust on new pr oduct development, and the healthy operating environment. The ratings remain constrained by ...

Report Type: Full Rating Report
Company(ies): Raychem RPG Ltd
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