ICRA upgrades Gravita India's rating to AA (Stable) from AA-

Rating UpgradedCredit & Debt View source PDF Explain this filing

GRAVITA · 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

+0.1%Reaction day

₹1565.70

prior close

₹1555.50

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.8%+1.0% vs market

Industrial Minerals peers, median of 13sector-2.3%+2.4% vs sector

On the reaction day the stock moved 1.0 pts more than Nifty Smallcap 250 and 2.4 pts more than its Industrial Minerals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.3

10m

-0.3

15m

-0.4

30m

+0.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.1-0.8+1.0-2.3+2.4

Next day

+2.8+1.8+1.1+1.4+1.5

+6.0+3.0+3.0+2.3+3.8

+6.3+3.5+2.8+3.5+2.9

+6.5+4.2+2.2+3.4+3.1

+10.3+4.9+5.4+3.7+6.6

+10.5+6.4+4.1+2.0+8.5

15d

+10.2+7.2+2.9-0.1+10.3

+17.8+8.3+9.5-2.3+20.1

+13.4+9.5+3.8-2.3+15.7

+7.8+9.3-1.5-5.3+13.1

UpDownMarket · Nifty Smallcap 250Sector · Industrial Minerals peers, median of 13Pending

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

AI summary

ICRA has upgraded Gravita India's long-term credit rating for fund-based and non-fund based working capital limits (Rs 1,000 crore) from [ICRA]AA- (Stable) to [ICRA]AA (Stable). The short-term rating [ICRA]A1+ was reaffirmed. This indicates improved creditworthiness and lower borrowing risk for the company.

Likely market impact

Positive for shareholders. Lower borrowing costs likely, signals stronger financial health and improved lender confidence.