Announced Wed, 16 Sept, 2026 · 16:24 IST
CARE upgrades KIC Metaliks rating to BBB Plus Stable on improved performance
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
-3.3%1-day move
₹32.69
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-3.3-0.9-5.4-3.2-2.1-5.2————
Up moveDown movePending
AI summary
CARE Ratings upgraded KIC Metaliks rating to BBB Plus Stable from BBB Stable on bank facilities of about 120 crore. Upgrade driven by improved capacity utilisation to 90 percent in FY26 from 72 percent and a better financial risk profile. Revenue grew 9 percent to 782.89 crore, PBILDT nearly doubled to 25.07 crore, and the company turned profitable with PAT of 1.05 crore versus a loss of 6.09 crore. Term loan fully prepaid.
Likely market impact
Positive signal. Lower borrowing costs likely; reflects stronger financial health and improved operating performance.