CARE assigns B+ Stable rating to Rs 73 cr bank facilities
IWARE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.2 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
CARE Ratings assigned B+ Stable rating to bank facilities worth Rs 73 crore (cash credit Rs 56.41 cr, term loan Rs 16.59 cr). First-time rating assignment. Revenue tripled to Rs 257.66 cr in FY26. Profit at Rs 15.06 cr. Gearing improved to 1.31x. Concerns: stretched liquidity, negative operating cash flow, EMI delays, margin decline to 11.35 percent from 19.82 percent, and high customer concentration risk.
Initial B+ rating signals high credit risk and stretched liquidity despite revenue growth. Rating is in non-investment grade category, which may limit access to cheap funds.