CRISIL upgrades NACL Industries rating to AA/Stable post Coromandel acquisition

Rating UpgradedCredit & Debt View source PDF Explain this filing

NACLIND · price

Loading chart…

▲ 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

-4.3%Reaction day

₹190.00

prior close

₹186.15

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.4%-3.9% vs market

Pesticides & Agrochemicals peers, median of 26sector-1.5%-2.8% vs sector

On the reaction day the stock moved 3.9 pts less than Nifty Microcap 250 and 2.8 pts less than its Pesticides & Agrochemicals 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

+0.9

10m

+0.9

15m

+0.2

30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.3-0.4-3.9-1.5-2.8

Next day

-4.6-0.6-4.0-1.8-2.8

-3.8+0.3-4.1-1.6-2.2

-3.8+0.2-4.0-1.8-2.0

-3.3+0.1-3.4-2.9-0.4

+1.2+0.7+0.5-3.1+4.3

-0.5-0.3-0.3-4.5+4.0

15d

+1.1-2.0+3.1-1.5+2.5

-4.0-5.7+1.7-5.0+1.0

-11.3-7.8-3.5-10.5-0.8

-23.7-4.6-19.1-8.3-15.4

UpDownMarket · Nifty Microcap 250Sector · Pesticides & Agrochemicals peers, median of 26Pending

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

AI summary

CRISIL upgraded NACL Industries long-term rating to AA/Stable from BB+, and short-term to A1+ from A4+, on bank facilities of about 915 crore. Subsidiary NACL Spec-Chem also upgraded to AA-/Stable and A1+. Upgrade follows Coromandel International acquiring 53.08% stake in NACL in August 2025, improving financial flexibility. NACL posted Rs 905 crore revenue and Rs 15.59 crore profit in H1 FY26 versus a loss earlier. CIL also providing a 160 crore credit line.

Likely market impact

Strong rating upgrade signals improved creditworthiness backed by Coromandel parentage, likely to lower borrowing costs and boost investor confidence in the stock.