S Chand And Company Limited has informed the Exchange about Credit Rating- Revision issued by CARE Ratings Limited
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.5 pts more than Nifty Microcap 250 and 5.3 pts more than its Media Entertainment & Publication peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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CARE Ratings has upgraded S Chand And Company Limited's long-term bank facility rating from 'CARE A-; Positive' to 'CARE A; Stable', with the facility amount enhanced from Rs. 99.90 crore to Rs. 110.76 crore. The short-term rating was also upgraded from CARE A2+ to CARE A1 on Rs. 3 crore of facilities. Total rated facilities stand at Rs. 126.26 crore. Two subsidiaries — Vikas Publishing House and New Saraswati House — also received similar upgrades from A-/Positive to A/Stable. For Chhaya Prakashani, the rating was withdrawn as it fully repaid its rated facility. The revision is based on audited FY25 operational and financial performance, though the outlook changed from 'Positive' to 'Stable', suggesting no near-term further upgrade is expected.
Positive for shareholders — the rating upgrade signals improved creditworthiness and lower borrowing costs. However, the shift in outlook from 'Positive' to 'Stable' tempers expectations of any further near-term rating action. Increased facility limits also indicate greater lender confidence in the company's financial health.