COMPANY NEWS


Wockhardt Ltd
BSE Code 532300 ISIN Demat INE049B01025 Book Value (₹) 131.17 NSE Symbol WOCKPHARMA Div & Yield % 0 Market Cap ( Cr.) 8,430.92 P/E * 0 EPS * 0 Face Value (₹) 5
* Profit to Earning Ratio
* Earning Per Share
Wockhardt receives affirmation in credit ratings Back
(07 Jun 2023)
Wockhardt announced that CARE Ratings (CARE Ratings) has assigned a rating of CARE BBB- to the Company and reaffirmed the ratings of CARE BBB- (Triple B Minus) for the Long/Short Term Bank Facilities and Non-Convertible Debentures of the Company with a revision in outlook from Stable to Negative.

The reaffirmation and revision in outlook factors in the strong operational profile and experienced promoters along with healthy liquidity maintained by the Group. The rating, inter alia, also factors in moderation in financial profile and onetime significant provisioning resulting from U.S. business restructuring.