Announced Wed, 23 Sept, 2026 · 13:53 IST
CRISIL downgrades Jai Balaji Industries rating on Rs 995 Cr bank loans
JAIBALAJI · 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
+1.3%1-day move
₹64.53
prior close
₹67.08
base price
In-mkt
timing
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AI summary
CRISIL downgraded Jai Balaji Industries' ratings on Rs 995 crore bank loan facilities. Long-term rating cut to BBB/Stable from BBB+/Stable; short-term to A3+ from A2+. FY26 revenue fell 8% to Rs 5,786 crore, EBITDA margin contracted to 6% from 14%, and DI pipe capacity utilization dropped sharply to around 30% from 80%. Company says financial health remains sound and debt is well below monthly revenue.
Likely market impact
Downgrade may raise borrowing costs and weigh on stock sentiment, though the company maintains its financial position remains strong.