Announced Tue, 15 Sept, 2026 · 17:25 IST
CARE Ratings upgrades Shree Refrigerations credit rating to BBB minus Stable
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
+6.4%1-day move
₹373.00
prior close
₹372.95
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.5-2.4-4.0-5.5+6.4+5.9+3.1+3.2+2.1+9.4+0.3———
Up moveDown movePending
AI summary
CARE Ratings upgraded Shree Refrigerations bank facility ratings to BBB minus Stable and A3 from BB plus Stable and A4 plus. Covers two existing facilities totaling 75 crore (reduced from 90 crore) plus a new 15 crore facility assigned. Upgrade reflects 55 percent revenue growth to 153.55 crore in FY26, improved gearing to 0.22x from 0.39x, and better interest coverage of 8.42x. Outlook stable.
Likely market impact
Positive signal. Improved credit profile may lower borrowing costs and support investor confidence. Stable outlook maintained.