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

Rating UpgradedCredit & Debt View source PDF Explain this filing

SENCO · 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

-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 upgraded Senco Gold's credit ratings by one notch across all facilities. Working capital limits (Rs. 2,400 cr) upgraded to [ICRA]A+ (Stable)/A1, Fixed Deposit Programme (Rs. 495 cr) to A+ (Stable), and unallocated limits (Rs. 600 cr) to A+ (Stable)/A1, from A (Stable)/A2+. Care Edge also assigned similar upgrades. Upgrade driven by 33% FY2026 revenue growth (CAGR ~23% over FY20-26), OPM rising to 11.8% from 5.9%, and RoCE of ~20%.

Likely market impact

Positive — rating upgrade reflects stronger credit profile, may lower borrowing costs, and acknowledges strong FY2026 performance despite high working capital intensity.