Announced Sat, 19 Sept, 2026 · 16:52 IST
Credit Ratings Downgraded to IVR C+ and IVR A4
VPRPL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-3.8%1-day move
₹34.71
prior close
₹34.72
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.0+0.5+1.4+0.5-3.8-5.7-5.0-6.1-9.7-14.6————
Up moveDown movePending
AI summary
Infomerics downgraded VPRPL credit ratings on Rs 960 crore bank facilities. Long-term cut to IVR C+/Stable from BB+/Stable, short-term to IVR A4 from A4+. Reason: delays in servicing principal debt on unsecured working capital borrowings. Company reported Rs 150 crore loss in FY26 versus Rs 59 crore profit in FY25. Net worth fell to Rs 584 crore, gearing rose to 1.12x, DSCR turned negative. Rs 4,391 crore order pipeline offers revenue visibility but execution delays continue.
Likely market impact
Negative. Signals rising default risk, higher borrowing costs, and continued liquidity stress for the company.