CRISIL reaffirms JISL ratings at BBB-/Negative; withdraws redeemed NCDs

Rating Watch NegativeDebt PrepaidNew Credit FacilityCredit & Debt View source PDF Explain this filing

JISLJALEQS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-2.0%Reaction day

₹27.05

prior close

₹26.81

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.8%-2.8% vs market

Plastic Products - Industrial peers, median of 43sector+0.5%-2.5% vs sector

On the reaction day the stock moved 2.8 pts less than Nifty Microcap 250 and 2.5 pts less than its Plastic Products - Industrial peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.5

10m

+0.8

15m

+1.5

30m

+0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.0+0.8-2.8+0.5-2.5

Next day

-0.4+1.0-1.4+0.2-0.6

+0.2+1.7-1.6+0.5-0.3

-0.2+0.1-0.3+0.0-0.2

-0.6+0.8-1.3-0.2-0.3

-1.6-0.9-0.7-0.9-0.7

-9.4-4.5-4.9-2.4-7.0

15d

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UpDownMarket · Nifty Microcap 250Sector · Plastic Products - Industrial peers, median of 43Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

CRISIL reaffirmed ratings on JISL bank loans at BBB-/Negative and short-term A3. Withdrew ratings on Rs 218.64 crore NCDs post-redemption and Rs 5.16 crore bank facility. Total rated bank loans now Rs 2,705.91 crore. Negative outlook persists as Rs 449 crore debt due March 2027 exceeds expected cash accrual of Rs 200-220 crore. JISL signed term sheet for Rs 800 crore refinancing, pending approvals.

Likely market impact

Negative outlook continues on refinancing risk despite debt repayments. Stock may stay pressured until refinancing closes by December 2026.