Announced Tue, 16 Jun · 17:08 IST
ICRA upgrades Senco Gold ratings to A+ (Stable)/A1
SENCO · price
▲ 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——
Up moveDown movePending
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.