Announced Tue, 8 Sept, 2026 · 14:36 IST
CARE assigns A- and A2+ ratings to Rs 160 crore facilities
RSL · 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
+1.6%1-day move
₹187.39
prior close
₹190.29
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1+0.5+0.2+0.3+1.6-0.3+1.9-2.3-3.9-3.3-9.5-8.5——
Up moveDown movePending
AI summary
CARE Ratings assigned CARE A- with a Stable outlook and CARE A2+ to Rs 160 crore of bank facilities: Rs 70 crore cash credit, Rs 30 crore term loan and Rs 60 crore letter of credit. It prepaid its term loan and working capital borrowings in Q1 FY27 using share sale proceeds, lifting interest coverage to 16.70 times. Ratings reflect promoter experience, stronger finances and adequate liquidity, but working capital and steel industry risks remain.
Likely market impact
Assigned ratings and full debt repayment may support funding confidence, but this is not an upgrade and planned expansion may add debt.