CRISIL downgrades Kalpataru Limited rating to BBB/Stable from BBB+/Stable

Rating DowngradedCredit & Debt View source PDF Explain this filing

KALPATARU · 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

+0.5%Reaction day

₹266.10

prior close

₹267.40

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.1%+0.4% vs market

Residential Commercial Projects peers, median of 65sector-1.3%+1.9% vs sector

On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and 1.9 pts more than its Residential Commercial Projects 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

-0.8

10m

-1.3

15m

-1.3

30m

-1.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.5+0.1+0.4-1.3+1.9

Next day

-3.6-3.2-0.5-3.8+0.2

-3.5-3.3-0.2-3.6+0.1

-2.8-2.5-0.3-2.7-0.1

+5.1-0.9+6.0-2.2+7.3

+1.8-1.1+2.9-1.6+3.4

+5.3+0.6+4.6-0.5+5.7

15d

+1.5-1.4+2.9-3.0+4.5

-2.4-3.3+0.9-5.6+3.2

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UpDownMarket · Nifty Microcap 250Sector · Residential Commercial Projects peers, median of 65Pending

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

AI summary

CRISIL has downgraded Kalpataru Limited's long-term bank facility rating to BBB/Stable from BBB+/Stable. The downgrade reflects slower-than-expected improvement in financial risk profile due to delayed scaling up of collections and cash accrual. Sales bookings grew 17 percent to Rs 5,280 crore and collections rose 34 percent to Rs 4,960 crore in FY26 but remained below estimates. Debt-to-cash flow ratio is expected to stay above 3.5 times through FY28.

Likely market impact

Negative - rating downgrade may raise borrowing costs; weak cash flow generation and elevated debt remain key concerns.