Announced Wed, 1 Jul · 14:25 IST
CRISIL assigns B+/Stable rating to Jagatjit Industries bank facility
Price
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Price reaction · full curve 14 horizons · vs prior close
-0.2%1-day move
₹136.85
prior close
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AI summary
CRISIL assigned a B+/Stable rating (speculative grade) to Jagatjit Industries Rs 47 crore Rupee Term Loan from IndusInd Bank. The rating flags weak financials with high gearing of 3.94 times, stretched liquidity, and regulatory risks in the distillery business. Revenue fell to Rs 253.53 crore in FY26 from Rs 491.52 crore in FY25, though the company moved to a Rs 9.89 crore profit from a Rs 23.45 crore loss.
Likely market impact
B+ is a speculative grade rating, signaling weak financial health and high credit risk. Negative for stock sentiment.