CARE Ratings upgrades ICL bank facilities to BBB Stable and A3+

Rating UpgradedCredit & Debt View source PDF

INTLCONV · price

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▲ 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

-1.1%1-day move

₹80.60

prior close

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base price

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AI summary

CARE Ratings upgraded International Conveyors Limited's ratings on bank facilities totaling about 89 crore. Long-term facilities of 24 crore upgraded from CARE BBB- to CARE BBB with Stable outlook. Combined LT/ST facilities of 25 crore upgraded to CARE BBB/CARE A3+. Short-term facilities of 30.91 crore upgraded from A3 to A3+. Upgrade driven by improved FY26 performance: revenue grew 44 percent to 203.65 crore, PBILDT margin improved, and debt coverage strengthened with interest coverage rising to 4.61 times.

Likely market impact

Positive - rating upgrade signals stronger financial health, may lower borrowing costs, and is supportive for the stock.