CARE reaffirms A- rating, revises outlook to Negative

Rating Watch NegativeCredit & Debt View source PDF Explain this filing

AKSHARCHEM · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+2.8%Reaction day

₹218.70

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+2.6%+0.2% vs market

Dyes And Pigments peers, median of 8sector+3.8%-0.9% vs sector

On the reaction day the stock moved 0.2 pts more than Nifty Microcap 250 and 0.9 pts less than its Dyes And Pigments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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StockMarketvs marketSectorvs sector

Reaction day

+2.8+2.6+0.2+3.8-0.9

Next day

+5.2+3.6+1.6+1.8+3.4

+2.8+3.1-0.3+2.3+0.5

+2.0+2.6-0.6+2.2-0.2

+1.3+1.1+0.2+0.2+1.0

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+2.4+1.6+0.7-0.5+2.9

15d

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-13.1-8.1-5.0-9.1-4.0

-16.2-3.1-13.1-6.0-10.2

-4.0+9.2-13.1+4.0-7.9

UpDownMarket · Nifty Microcap 250Sector · Dyes And Pigments peers, median of 8Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

CARE Ratings reaffirmed AksharChem India's bank facility ratings (CARE A-/A2+) but revised the outlook from Stable to Negative due to weak profitability. 9MFY26 showed a net loss of Rs 5.24 crore versus a profit earlier, with debt to PBILDT worsening to 8.46x. The new silica project is yet to break even.

Likely market impact

Negative outlook flags possible future downgrade. Weak earnings and debt coverage may weigh on the stock.