Crisil upgrades bank facility rating to A+/Stable, A1 short-term

Rating UpgradedCredit & Debt View source PDF Explain this filing

PICCADIL · price

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Price reactionminutes from the announcement price · days from the prior close

+1.7%Reaction day

₹586.00

prior close

₹584.00

announcement price

After-mkt

timing

Nifty Microcap 250market-1.6%+3.4% vs market

Breweries & Distilleries peers, median of 25sector-0.1%+1.8% vs sector

On the reaction day the stock moved 3.4 pts more than Nifty Microcap 250 and 1.8 pts more than its Breweries & Distilleries 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

-0.0

10m

+3.3

15m

+4.4

30m

+3.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.7-1.6+3.4-0.1+1.8

Next day

+0.7-1.0+1.6-0.6+1.3

-1.6-2.6+1.0-1.7+0.1

-4.3-5.1+0.9-5.2+0.9

-6.0-6.1+0.1-6.3+0.3

-7.5-8.3+0.8-8.7+1.2

-4.1-6.4+2.3-5.8+1.7

15d

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UpDownMarket · Nifty Microcap 250Sector · Breweries & Distilleries peers, median of 25Pending

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

AI summary

Crisil assigned PAIL a Long Term rating of Crisil A+/Stable and Short Term rating of Crisil A1 on bank facilities of Rs 400 crore, upgraded from IVR A/STABLE and IVR A1 given earlier by Infomerics. PAIL reported FY26 revenue of Rs 1,038 crore and PAT of Rs 138 crore. Operating margin rose from 10% in FY20 to 22.5% in FY26. Gearing at 0.6x, expected to improve. Outlook Stable.

Likely market impact

Rating upgrade signals strong alco-beverage growth, improving margins, and healthy financial profile. Positive for credit quality and borrowing costs.