Munjal Showa Limited has informed the Exchange about Credit Rating- New

Rating DowngradedCredit & Debt View source PDF Explain this filing

MUNJALSHOW · 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

+2.5%Reaction day

₹135.45

prior close

₹136.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.3%+1.2% vs market

Auto Components & Equipments peers, median of 106sector+1.3%+1.2% vs sector

On the reaction day the stock moved 1.2 pts more than Nifty Microcap 250 and 1.2 pts more than its Auto Components & Equipments 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

-0.3

10m

-1.1

15m

-0.9

30m

+0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.5+1.3+1.2+1.3+1.2

Next day

+3.2+2.1+1.1+2.0+1.2

+4.1+3.1+0.9+2.7+1.3

+2.2+2.5-0.2+1.9+0.3

+1.7+2.5-0.8+2.4-0.7

+4.1+2.9+1.2+4.0+0.1

+4.1+3.5+0.6+4.3-0.2

15d

+3.3+4.7-1.4+5.1-1.8

+4.2+0.9+3.3+3.5+0.7

-4.0+4.5-8.6+3.3-7.3

-5.5+0.3-5.8+0.9-6.4

UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 106Pending

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

AI summary

CRISIL Ratings has downgraded Munjal Showa Limited's long-term rating on its bank loan facilities of Rs. 144.25 crore from 'Crisil A/Stable' to 'Crisil A-/Stable'. The downgrade reflects CRISIL's revised view on the company's ability to meet its debt obligations. Separately, CRISIL has also downgraded and withdrawn the 'Crisil A2+' rating on the company's Rs. 6 crore commercial paper programme, since no amount is currently outstanding against that instrument.

Likely market impact

The one-notch downgrade from A to A- signals reduced creditworthiness and could mean slightly higher borrowing costs for the company going forward. Shareholders should view this as a mild negative signal on the company's financial health, though the company still remains in the investment-grade category.