Announced Thu, 2 Jul · 22:31 IST
CARE Ratings reaffirms Riba Textiles rating, removes negative watch
Credit & Debt View source PDF
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
+0.4%1-day move
₹86.10
prior close
₹88.96
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+0.4-0.1-1.4-3.8-8.2-3.6-5.3———
Up moveDown movePending
AI summary
CARE Ratings reaffirmed Riba Textiles' credit rating at BBB/A3+ on bank facilities of about Rs. 94 crore. The earlier negative watch has been removed and stable outlook assigned, after the US cut textile tariffs from 50% to 10% and the company diversified into Latin American markets, reducing US export share from about 30% to 20%. FY26 revenue was Rs. 255.38 crore, down from Rs. 295.86 crore, but PBILDT margin improved to 8.89% from 7.67%.
Likely market impact
Positive: removal of negative watch and stable outlook lower borrowing cost risk and signal improved credit profile for shareholders.