ICRA reaffirms Senco Gold ratings, assigns A1 to Rs 500 cr CP

Rating UpgradedNew Credit FacilityCredit & Debt View source PDF

SENCO · price

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Price reaction · full curve 14 horizons · vs prior close

-1.0%1-day move

₹331.15

prior close

₹327.15

base price

After-mkt

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AI summary

ICRA has reaffirmed Senco Gold's ratings on working capital facilities of Rs 2,400 crore, fixed deposits of Rs 495 crore, and unallocated limits of Rs 600 crore at ICRA A+ (Stable) and A1. It also assigned ICRA A1 rating to a new commercial paper facility of Rs 500 crore. Ratings upgraded from A and A2+ earlier, reflecting strong revenue growth of around 33% in FY26 and improved margins.

Likely market impact

Rating upgrade from A to A+ signals stronger credit profile and lower borrowing costs. New CP of Rs 500 crore adds working capital flexibility.