Announced Wed, 19 Aug · 15:51 IST
CRISIL reaffirms BBB-/Negative rating on JISL bank loans and NCDs
JISLJALEQS · 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
-0.7%1-day move
₹28.06
prior close
₹28.25
base price
After-mkt
timing
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+0.1+0.0-0.2-0.3-0.7—————————
Up moveDown movePending
AI summary
CRISIL reaffirmed Jain Irrigation ratings at BBB-/Negative (long term) and A3 (short term) for bank loans of Rs 2,930 crore and NCDs of Rs 785.63 crore. Outlook stays Negative due to about Rs 652 crore debt obligation in fiscal 2027 and stretched liquidity at Rs 24 crore. Company has signed term sheet for refinancing, targeted by end August 2026. FY26 standalone revenue grew 9 percent to Rs 3,519 crore, but Q1 FY27 fell about 24 percent due to delayed monsoon.
Likely market impact
Rating reaffirmed but Negative outlook flags ongoing refinancing and liquidity risks. Watch for closure of refinancing deal and Q2 recovery.