Announced Tue, 16 Jun · 17:05 IST

ICRA upgrades Senco Gold credit rating to A+ (Stable)/A1

Rating UpgradedCredit & Debt View source PDF

SENCO · price

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▲ 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

-3.0%1-day move

₹351.95

prior close

₹357.25

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-1.7-1.0-1.2-1.0-3.0-3.4-3.8-5.1-5.8-6.9-1.0+3.4——

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AI summary

ICRA has upgraded Senco Gold's credit ratings by one notch across all facilities: working capital limits (Rs 2,400 crore) and unallocated limits (Rs 600 crore) moved to [ICRA]A+(Stable)/A1 from A(Stable)/A2+, and the fixed deposit programme (Rs 495 crore) moved to A+(Stable) from A(Stable). Total rated amount rose to Rs 3,495 crore. Upgrade reflects ~23% revenue CAGR over FY20-FY26, 33% growth in FY26, and OPM expansion to 11.8% from 5.9%, driven by gold price rally. Care Edge Ratings has also assigned similar upgraded ratings.

Likely market impact

Positive signal on financial strength and creditworthiness; may lower borrowing costs and improve investor confidence in the company's debt instruments.