Announced Fri, 24 Jul · 15:14 IST
CARE reaffirms UltraTech AAA rating, assigns AAA to new NCDs
ULTRACEMCO · price
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Price reaction · full curve 14 horizons · vs prior close
-0.0%1-day move
₹11896.00
prior close
₹11856.00
base price
In-mkt
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AI summary
CARE Ratings reaffirmed UltraTech's AAA; Stable rating on bank facilities of about ₹17,100 crore and assigned AAA; Stable to a proposed ₹5,000 crore non-convertible debenture issue. The rating reflects UltraTech's market leadership with 205.5 MTPA capacity, FY26 revenue of ₹88,512 crore (up 16.5%), and improved leverage (net debt to PBILDT at 1.38x, down from 1.89x). Outlook remains Stable.
Likely market impact
Top AAA rating reaffirmed signals strong financial health and low default risk; supports continued low-cost borrowing.