Announced Fri, 26 Jun · 18:55 IST
Credit rating affirmed at AA+/Stable by Ind-Ra
Credit & Debt View source PDF
JKTYRE · 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
-0.8%1-day move
₹397.25
prior close
₹397.15
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.2+0.1-0.2-0.2-0.8-0.2+4.7+3.8+3.2+0.3+1.1———
Up moveDown movePending
AI summary
India Ratings assigned a rating to additional bank facilities and affirmed existing bank facility ratings at IND AA+/Stable. Rationale cites strong market position in truck, bus, and passenger car radial tyres, improving product mix with higher margin products, and 11 percent revenue CAGR from FY20 to FY26. Credit metrics remained stable in FY26. Near-term capex may raise leverage but is unlikely to breach the negative trigger.
Likely market impact
Stable outlook and strong fundamentals support the credit profile; no immediate impact for shareholders.