Announced Thu, 3 Sept, 2026 · 09:17 IST
JSW Steel rating upgraded to IND AA+ with Stable outlook by Ind-Ra
JSWSTEEL · 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
+1.5%1-day move
₹1305.60
prior close
₹1312.80
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.4+0.7+0.9+0.2+1.5-0.3-0.6+0.3-0.1-5.9-2.2-5.4——
Up moveDown movePending
AI summary
India Ratings upgraded JSW Steel and its NCDs to IND AA+ with Stable outlook from IND AA on Rating Watch with Positive. Upgrade follows INR374 billion cash inflow from BPSL steel business slump sale to JFE JV. Net leverage improved to 1.93x in 1QFY27 from 4.45x in FY25. EBITDA per tonne rose 49% to INR15,013. Steel volumes up 12% YoY in FY26.
Likely market impact
Positive credit signal - reduced leverage and stronger financial profile may support stock sentiment and lower borrowing costs going forward.