Credit rating affirmed at IND AA-/Stable; new INR 2,750M facility rated

New Credit FacilityCredit & Debt View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-2.5%Reaction day

₹223.00

prior close

₹222.95

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.4%-1.1% vs market

Auto Components & Equipments peers, median of 109sector-1.6%-0.8% vs sector

On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 0.8 pts less than its Auto Components & Equipments 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

+0.2

15m

+0.1

30m

-0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.5-1.4-1.1-1.6-0.8

Next day

-1.3-1.6+0.2-1.3-0.0

-1.9-1.4-0.5-1.3-0.6

-4.0-2.7-1.4-2.4-1.6

-3.6-2.5-1.1-2.2-1.4

-4.0-2.3-1.8-2.0-2.0

-7.8-5.4-2.4-5.4-2.5

15d

-18.0-10.5-7.5-12.6-5.4

-18.6-10.3-8.3-12.4-6.2

-2.9+1.6-4.5-3.8+0.9

-6.2+3.8-10.0-3.5-2.8

UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 109Pending

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

AI summary

India Ratings affirmed Steel Strips Wheels bank loan facilities at IND AA-/Stable with short term at IND A1+. New INR 2,750 million facility assigned. Existing INR 13,415 million facility (reduced from INR 13,429 million) reaffirmed. Rating reflects strong market position, 16% YoY revenue growth to INR 37,082 million in 9MFY26, stable 10-11% EBITDA margins. Net adjusted leverage at 3.2x, expected to stay above 2.5x through FY27 due to capex.

Likely market impact

Stable rating affirmation signals steady credit profile; leverage stays elevated due to ongoing capex, watch for deleveraging.