Announced Sat, 19 Sept, 2026 · 10:06 IST
Indo Farm Equipment credit rating upgraded by Infomerics
INDOFARM · 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
+1.9%1-day move
₹136.99
prior close
₹137.60
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.4+1.1+1.5+0.8+1.9+5.1+1.7+0.8-1.5-2.7————
Up moveDown movePending
AI summary
Indo Farm Equipment's credit rating was upgraded by Infomerics. Long-term rating moved from IVR A-/Stable to IVR A/Stable, short-term from IVR A2+ to IVR A1, covering Rs 103.70 crore in bank facilities. Upgrade reflects 14.39% revenue growth to Rs 419.54 crore, 10.91% debt reduction, and improved interest coverage to 4.76x. Outlook is Stable. Concerns include margin contraction and a 240-day working capital cycle.
Likely market impact
Positive for shareholders - rating upgrade signals stronger financial health, likely lower borrowing costs and improved investor confidence in the stock.