CARE downgrades Nova Agritech rating to BBB- Stable from BBB Negative

Rating DowngradedCredit & Debt View source PDF Explain this filing

NOVAAGRI · 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

+0.1%Reaction day

₹21.77

prior close

₹21.51

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%-0.0% vs market

Fertilizers peers, median of 22sector+0.3%-0.2% vs sector

On the reaction day the stock moved in line with Nifty Microcap 250 and 0.2 pts less than its Fertilizers 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

+0.1

10m

+1.7

15m

+0.3

30m

-0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.1+0.2-0.0+0.3-0.2

Next day

+0.0+0.9-0.8+1.1-1.1

-1.1-0.8-0.4+0.0-1.1

-0.6-0.1-0.6+0.5-1.2

-1.2-1.7+0.5-0.6-0.6

-2.5-4.3+1.8-3.2+0.7

+0.1-7.5+7.6-7.7+7.9

15d

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UpDownMarket · Nifty Microcap 250Sector · Fertilizers peers, median of 22Pending

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

AI summary

CARE Ratings revised Nova Agritech's long-term rating to BBB- Stable from BBB Negative. The downgrade follows a July 2025 government stay on bio-stimulants, about 30 percent of segment revenue. Consolidated income fell to Rs 261.59 crore in FY26 from Rs 294.13 crore. Profit after tax dropped to Rs 12.84 crore from Rs 27.42 crore. Stretched receivables and a 295-day operating cycle also pressured liquidity. Subsidiary NASPL got the same action.

Likely market impact

Lower rating may raise borrowing costs; weak earnings and stretched receivables could weigh on short-term stock sentiment.