Announced Fri, 3 Jul · 18:20 IST
CARE Ratings reaffirms Birla Corporation credit rating at AA; Stable
Credit & Debt View source PDF
BIRLACORPN · 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
-1.1%1-day move
₹979.65
prior close
₹983.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.6-0.6-0.4—-1.1-4.4-4.1-1.5+0.1+4.4-7.6———
Up moveDown movePending
AI summary
CARE Ratings reaffirmed Birla Corporation's ratings at CARE AA; Stable for long-term bank facilities of Rs 526 cr and NCDs of Rs 100 cr total. Combined bank facilities of Rs 960 cr rated CARE AA; Stable and CARE A1+. FY26 revenue rose 5 percent to Rs 9,662 cr, PAT nearly doubled to Rs 563 cr, and gearing improved to 0.75x. Capex of Rs 4,300-4,500 cr planned through FY29 to expand cement capacity from 21.4 to 27.6 MTPA.
Likely market impact
AA rating reaffirmed with Stable outlook. Improved profits and lower leverage are positives; Rs 4,300-4,500 cr capex remains a monitorable.