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

Rating UpgradedCredit & Debt View source PDF Explain this filing

SENCO · price

Loading chart…

▲ 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

-1.4%Reaction day

₹351.95

prior close

₹357.25

announcement price

After-mkt

timing

Nifty Microcap 250market+1.1%-2.5% vs market

Gems Jewellery And Watches peers, median of 29sector+0.0%-1.4% vs sector

On the reaction day the stock moved 2.5 pts less than Nifty Microcap 250 and 1.4 pts less than its Gems Jewellery And Watches 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

-1.7

10m

-1.0

15m

-1.2

30m

-1.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.4+1.1-2.5+0.0-1.4

Next day

-3.0+1.6-4.5-0.4-2.5

-3.4+2.4-5.8-1.1-2.3

-3.8+3.3-7.1-0.2-3.6

-5.1+2.5-7.6-1.1-4.0

-5.8+2.4-8.2-0.5-5.3

-6.9+1.5-8.4-0.7-6.2

15d

-1.0+2.6-3.6+5.7-6.7

+3.4+2.2+1.2+6.9-3.5

-2.7+6.8-9.6+9.4-12.1

-2.4+5.9-8.3+11.8-14.2

UpDownMarket · Nifty Microcap 250Sector · Gems Jewellery And Watches peers, median of 29Pending

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

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.