Announced Mon, 13 Jul · 15:32 IST
ICRA withdraws ratings on Rama Steel Tubes bank facilities
RAMASTEEL · 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
-0.7%1-day move
₹4.51
prior close
₹4.57
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.7-0.9-0.9-1.1-0.7-2.0-3.5-4.2-4.2-5.1————
Up moveDown movePending
AI summary
ICRA has withdrawn ratings on Rama Steel Tubes' bank facilities worth Rs 110 crore (Rs 80 cr long-term cash credit, Rs 30 cr short-term) at the company's request with banker NOC. The last rating was BB+ (junk grade) under Developing watch, downgraded from BBB- in Dec 2025. Financials are weakening: PAT fell from Rs 29.3 cr to Rs 10.5 cr, while Total Debt to OPBDITA worsened from 2.4x to 7.6x.
Likely market impact
No active credit rating now. Earlier downgrade to BB+ (junk) and worsening leverage signal credit quality concerns and potential refinancing difficulty.