Announced Fri, 17 Jul · 16:32 IST
Nilkamal: CARE Ratings Reaffirms Credit Ratings at AA; Stable
Credit & Debt View source PDF
NILKAMAL · 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
+6.1%1-day move
₹1464.10
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+6.1+8.9+12.4+16.0+21.9—————
Up moveDown movePending
AI summary
CARE Ratings has reaffirmed all credit ratings for Nilkamal Limited. Long-term bank facilities of about Rs 547.68 crore (reduced from Rs 568.75 crore) retain CARE AA; Stable rating. Short-term bank facilities of about Rs 209.21 crore hold CARE A1+ rating. Non-convertible debentures of Rs 150 crore and commercial paper of Rs 200 crore also reaffirmed at CARE AA; Stable and CARE A1+ respectively. Reaffirmation signals a stable credit profile.
Likely market impact
Reaffirmation of high investment grade rating suggests stable credit profile. Minor reduction in long-term facility limit appears routine.