Announced Tue, 25 Aug, 2026 · 13:57 IST
Shree Renuka Sugars credit rating downgraded by India Ratings
RENUKA · 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
-4.7%1-day move
₹25.22
prior close
₹24.63
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1-0.0+0.0+0.2-4.7-7.0-4.2-1.3-4.2-4.4-8.8-7.5——
Up moveDown movePending
AI summary
India Ratings downgraded Shree Renuka Sugars NCDs to IND A-/Negative from IND A, and bank loan facilities to IND A-/Negative (long-term) and IND A2+ (short-term) from IND A and IND A1 respectively. Downgrade reflects sharp fall in FY26 EBITDA to INR1.3 billion from INR6.4 billion in FY25 and rise in net external debt to INR56.9 billion from INR45.2 billion. Interest coverage dropped to 0.3x from 1.8x. Outlook kept Negative, signalling possible further downgrade.
Likely market impact
Negative outlook flags risk of more downgrade. Higher borrowing costs likely. Continued Wilmar parent support is key cushion.