Steel Exchange India gets two-notch credit rating upgrade from Infomerics

Credit rating upgradedNew credit facilityCredit & Debt View source PDF Explain this filing

STEELXIND · 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

-4.8%Reaction day

₹12.06

prior close

₹12.34

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.5%-3.3% vs market

Iron & Steel Products peers, median of 104sector-0.5%-4.3% vs sector

On the reaction day the stock moved 3.3 pts less than Nifty Microcap 250 and 4.3 pts less than its Iron & Steel Products 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

+0.2

10m

+0.6

15m

-1.5

30m

-3.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.8-1.5-3.3-0.5-4.3

Next day

-7.1-1.2-5.9-0.4-6.7

-7.5-2.8-4.8-2.4-5.2

-7.3-1.8-5.5-1.7-5.6

-5.9-2.0-3.9-1.9-4.0

-7.5-3.3-4.2-3.1-4.3

-5.0-2.0-3.0-2.7-2.2

15d

-15.1-3.9-11.1-4.3-10.8

-21.1-10.7-10.4-11.5-9.6

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 104Pending

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

AI summary

Infomerics upgraded Steel Exchange India's long-term rating by two notches to IVR BBB+/Stable (from BBB-/Stable) and short-term rating to IVR A2 (from A3), based on FY26 audited results. Rated bank facilities enhanced from about Rs 200 crore to Rs 359.63 crore. Listed NCDs of Rs 198.56 crore also upgraded. Total rated quantum now Rs 558.19 crore. This is the second successive upgrade after December 2025.

Likely market impact

Improved credit standing, likely lower borrowing costs, and greater financial flexibility. Positive signal for shareholders.