Announced Tue, 21 Jul · 17:24 IST
GRM Overseas credit rating upgraded by Acuite from A- to A
GRMOVER · 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
-1.4%1-day move
₹91.40
prior close
₹92.06
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.3-0.4-0.7—-1.4-1.0-1.5———————
Up moveDown movePending
AI summary
Acuite Ratings has upgraded GRM Overseas Limited credit ratings. Long-term rating moved from ACUITE A- to ACUITE A with stable outlook. Short-term rating upgraded from A2+ to A1. Upgrade covers Rs 312 Cr bank facilities. Driven by 31 percent revenue growth to Rs 1,769 Cr in FY26, improved net worth to Rs 603 Cr, better leverage at 0.61 times from 0.86 times, and strong liquidity. Company processes basmati rice and exports to over 55 countries.
Likely market impact
Positive signal. Stronger financial profile and growth may lower borrowing costs and lift investor confidence in the stock.