SPML Infra gets ICRA rating upgrade to BBB(Stable) on Rs 1,595 crore facilities

Rating UpgradedCredit & Debt View source PDF Explain this filing

SPMLINFRA · 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

-0.6%Reaction day

₹197.45

prior close

₹200.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%-0.3% vs market

Civil Construction peers, median of 102sector-0.4%-0.2% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty Microcap 250 and 0.2 pts less than its Civil Construction 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

-0.8

10m

-0.0

15m

-0.8

30m

-0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.6-0.3-0.3-0.4-0.2

Next day

+0.2-0.1+0.3-0.9+1.1

-3.8-0.8-2.9-1.8-1.9

-5.0-2.8-2.1-3.9-1.1

-2.8-1.0-1.8-3.3+0.5

-2.5+0.4-2.9-2.0-0.5

-2.9-0.5-2.4-3.4+0.5

15d

+1.3-1.9+3.2-5.6+6.9

-0.7+0.4-1.2-4.6+3.9

-12.3+3.5-15.8-9.7-2.6

-20.0+2.0-22.0-12.0-8.0

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 102Pending

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

AI summary

ICRA upgraded SPML Infra credit ratings to BBB(Stable) from BBB-(Stable) across facilities totaling Rs 1,595 crore. Upgrades cover term loan (Rs 380 cr), non-fund based facilities (Rs 1,000 cr), cash credit (Rs 200 cr) and proposed fund based facilities (Rs 15 cr). Short term rating also improved to A3+ from A3. Enhanced limits assigned for cash credit and non-fund based lines.

Likely market impact

Rating upgrade signals improved credit profile, potentially lower borrowing costs and better access to debt funding for the company.