Indian Pharma CRDMOs Projected for 13-15% Revenue Growth, Strengthening Credit Profiles
Indian contract research, development, and manufacturing organizations (CRDMOs) are positioned to maintain strong credit profiles due to robust cash flows, according to Crisil Ratings. This financial strength will allow them to continue investing in capital expenditures (capex) with minimal dependence on debt. The analysis indicates revenue growth for pharma CRDMOs is projected to be between 13 and 15 percent. This growth is supported by the ongoing trend of supply-chain derisking. Crisil Ratings reports that the resultant cash flows will provide Indian CRDMOs with the financial flexibility to fund capital expenditure plans, reducing the need for debt financing and contributing to the maintenance of healthy credit ratings.
Newsflash | Powered by GeneOnline AI
Date: May 9, 2025