Announced Wed, 7 Oct, 2026 · 11:56 IST
CARE upgrades Manba Finance rating to A- Stable from BBB+ Positive
MANBA · 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
+4.4%1-day move
₹141.78
prior close
₹140.33
base price
In-mkt
timing
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AI summary
CARE Ratings has upgraded Manba Finance's credit rating to A- with Stable outlook from BBB+ Positive across long-term bank facilities (Rs 500 crore) and multiple non-convertible debenture tranches. Upgrade reflects 36% AUM CAGR to Rs 1,712.70 crore by March 2026, Rs 1,730.78 crore by June 2026, lower borrowing costs, and expected Rs 99.99 crore capital infusion. Four older NCDs were withdrawn after full repayment. PAT grew to Rs 45.36 crore in FY26.
Likely market impact
Positive: higher credit rating lowers future borrowing costs, signals stronger financial health, may lift investor confidence in the stock.