CRISIL upgrades Mangalam Organics rating outlook to Stable from Watch Developing

Rating UpgradedCredit & Debt View source PDF

MANORG · price

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▲ 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

-4.9%1-day move

₹535.00

prior close

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base price

After-mkt

timing

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AI summary

CRISIL has revised Mangalam Organics credit ratings on bank facilities worth Rs. 397 Crore. Long-term rating upgraded to CRISIL BBB plus with Stable outlook, from BBB plus with Watch Developing. Short-term rating CRISIL A2 reaffirmed and removed from Watch Developing. The change signals an improved outlook. Subsidiary Mangalam Brands also received first-time CRISIL BBB plus Stable rating on Rs. 80 Crore facilities.

Likely market impact

Positive for shareholders - outlook upgrade to Stable reflects improved financial health and may lead to lower future borrowing costs.