India Ratings downgrades Sagar Cements to BBB, outlook revised to Stable

Rating DowngradedDebt PrepaidNew Credit FacilityCredit & Debt View source PDF Explain this filing

SAGCEM · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-2.3%Reaction day

₹180.60

prior close

₹180.99

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%-2.5% vs market

Cement & Cement Products peers, median of 35sector-0.4%-1.9% vs sector

On the reaction day the stock moved 2.5 pts less than Nifty Microcap 250 and 1.9 pts less than its Cement & Cement Products 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

-1.1

10m

-0.9

15m

-1.5

30m

-1.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.3+0.2-2.5-0.4-1.9

Next day

-3.2-0.5-2.7-1.2-2.0

-3.4-2.5-0.9-3.1-0.3

-0.4-0.6+0.2-2.3+1.9

+0.0+0.7-0.7-1.5+1.5

-0.8+0.9-1.6-1.8+1.0

-1.8+0.5-2.3-1.3-0.5

15d

+1.9-0.2+2.1-2.4+4.2

-3.4+2.9-6.3-1.8-1.6

-15.0+5.0-19.9-6.0-8.9

-18.9+3.7-22.6-11.5-7.5

UpDownMarket · Nifty Microcap 250Sector · Cement & Cement Products peers, median of 35Pending

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

AI summary

India Ratings downgraded Sagar Cements bank loan facilities. Long-term rating moved from IND BBB+/Negative to IND BBB/Stable; short-term from IND A2 to IND A3+. Rated bank facilities about INR 7,709.6 million were downgraded and INR 1,930.4 million were newly assigned. NCDs of INR 115.4 million were repaid in full and rating withdrawn.

Likely market impact

Downgrade signals weaker credit profile, but shift from Negative outlook to Stable offers some reassurance on near-term stability.