Crisil revises outlook to Positive; ratings reaffirmed
SPORTKING · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 0.4 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Crisil revised Sportking's long-term rating outlook from Stable to Positive while reaffirming the rating at Crisil A+ on Rs 935 crore bank facilities. Short-term rating Crisil A1 reaffirmed on Rs 65 crore. Total facilities rated: Rs 1,000 crore. Outlook upgrade reflects strong demand, 95-97% capacity utilisation, and Odisha expansion adding about 40% spindle capacity by FY28. FY26 revenue Rs 2,503 crore, PAT Rs 120 crore. Operating margin expected to rise to 15-16% in FY27.
Positive outlook upgrade signals improving credit profile and business strength; supportive for stock sentiment.