Announced Mon, 13 Jul · 13:24 IST
Credit rating upgraded from BB+ to BBB- on Rs 719 Cr bank facilities
OMINFRAL · 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
-1.8%1-day move
₹91.31
prior close
—
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-1.8-4.0-5.5-3.8-4.0-4.0————
Up moveDown movePending
AI summary
Infomerics assigned IVR BBB-/Stable (long-term) and IVR A3 (short-term) ratings for Om Infra's Rs 718.96 Cr bank facilities, an upgrade from CARE BB+/Stable and A4+. Drivers include comfortable capital structure (gearing 0.16x) and healthy Rs 2,107 Cr orderbook. Concerns remain: revenue fell 29.7% to Rs 468 Cr, PAT dropped to Rs 21.8 Cr, and working capital cycle stretched to 227 days.
Likely market impact
Rating upgrade signals stronger credit profile and may help lower borrowing costs. Revenue decline and stretched working capital are watchpoints.