Announced Wed, 16 Sept, 2026 · 19:07 IST
CRISIL upgrades Apollo Pipes credit ratings to AA-/Stable and A1+
APOLLOPIPE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+6.3%1-day move
₹506.50
prior close
₹509.90
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.9+0.7+0.7+0.6+6.3+5.7+4.1+3.2+1.0+3.8————
Up moveDown movePending
AI summary
CRISIL upgraded Apollo Pipes ratings on Rs 280 crore bank facilities. Long-term rating moved from A to AA-/Stable, short-term from A1 to A1+. Upgrade driven by strong SG group support and Sanjay Gupta's appointment as Chairman. FY26 revenue fell 6 percent to Rs 1,105 crore and EBITDA margin dropped to 6 percent from 8.3 percent. Margin further fell to about 1 percent in Q1 FY27 due to PVC resin price correction.
Likely market impact
Positive credit signal from group backing, but near-term margins remain under pressure from PVC price volatility.