Announced Thu, 9 Apr · 11:45 IST
Credit Rating Upgraded and Withdrawn on Rs.110 Crore Bank Facilities
GLOBECIVIL · 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
+5.1%1-day move
₹42.74
prior close
₹43.34
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0-0.0-0.1-0.1+5.1+5.3+13.0+11.7+14.6+13.2+11.6+9.0-5.0-1.0
Up moveDown movePending
AI summary
Infomerics upgraded Globe Civil's rating to IVR BBB+/Stable (long-term) and IVR A2 (short-term), up from IVR BBB/Positive and IVR A3+, and simultaneously withdrew the rating at the company's request. Upgrade supported by 8% revenue growth (9MFY26: Rs.246 cr), Rs.870 cr order book, and stronger capital structure post-July 2025 IPO. Total bank facilities: Rs.110 cr. Gearing improved to 0.46x from 1.49x.
Likely market impact
Rating upgrade signals stronger credit profile post-IPO, but withdrawal at company's request may reduce ongoing rating visibility for investors.