ICRA upgrades long-term rating to AA with Stable outlook

Rating UpgradedCredit & Debt View source PDF Explain this filing

IMFA · 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

+4.1%Reaction day

₹1345.00

prior close

₹1353.10

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.5%+4.6% vs market

Ferro & Silica Manganese peers, median of 7sector+0.6%+3.5% vs sector

On the reaction day the stock moved 4.6 pts more than Nifty Microcap 250 and 3.5 pts more than its Ferro & Silica Manganese 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

-0.1

30m

+0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.1-0.5+4.6+0.6+3.5

Next day

-1.6-1.7+0.0+0.5-2.2

-2.4-4.0+1.6-0.3-2.0

+1.8-2.1+3.9+0.7+1.1

+0.8-2.7+3.5-1.4+2.1

+0.1-2.3+2.4-1.4+1.5

+8.1-1.5+9.6+1.3+6.8

15d

+5.7-1.8+7.4+4.1+1.6

+8.4+0.1+8.3+1.0+7.4

-0.9-3.3+2.4-6.7+5.9

-12.3-11.2-1.1-11.2-1.0

UpDownMarket · Nifty Microcap 250Sector · Ferro & Silica Manganese peers, median of 7Pending

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

AI summary

ICRA has upgraded the long-term rating of Indian Metals & Ferro Alloys from AA minus (Stable) to AA (Stable). The short-term rating has been reaffirmed at A1 plus. The Stable outlook on the long-term rating has also been reaffirmed. This upgrade reflects improved creditworthiness and lower default risk perception by the rating agency.

Likely market impact

Positive for shareholders - signals stronger financial health and may lower borrowing costs, supporting margins.