Debt reduction & upgrades

Balance sheets getting lighter, on the record: debt prepaid ahead of schedule and rating upgrades inside the window — events that happened, not intentions announced on a call. Downgrades and restructurings from the same window are in the mirror view.

In the same window: 49 companies with downgrades & restructuring. See the other side →
CompanyWhy it’s here — the filingReaction 1d / 1w / 1mPriceMcapP/EROCERev YoY
Duroply IndustriesPlywood Boards/ LaminatesDuroply Industries: Credit Rating Upgraded by India Ratings20 Aug 2026Rating Upgradedpending₹101110 Cr12.5vs 20.63.8%+4.9%
Sportking IndiaOther Textile ProductsCrisil revises outlook to Positive; ratings reaffirmed19 Aug 2026Rating Upgradedpending₹2122,723 Cr23.6vs 15.911.1%+1.5%
Jain DVR Equity SharesPlastic Products - IndustrialCRISIL reaffirms Jain Irrigation rating at BBB-/Negative, outlook stays negative19 Aug 2026Debt Prepaidpending₹21.081,547 Cr13.9vs 16.30.3%+27.3%
Jain Irrigation SystemsPlastic Products - IndustrialCRISIL reaffirms BBB-/Negative rating on JISL bank loans and NCDs19 Aug 2026Debt Prepaidpending₹28.182,068 Cr35.2vs 16.30.3%+27.3%
Esaf Small Finance Bank LOther BankESAF SFB Tier II Bonds rating upgraded to BWR A-/Stable by Brickwork18 Aug 2026Rating Upgradedpending₹43.832,260 Cr95.3vs 42.0
Irm EnergyLPG/CNG/PNG/LNG SupplierCRISIL revises IRM Energy outlook to Stable, reaffirms AA- rating18 Aug 2026Rating Upgraded-1.1% ₹2871,179 Cr22.1vs 17.37.1%+7.9%
Indo Tech TransformINDOTECHCredit rating affirmed, outlook revised to Positive by India Ratings17 Aug 2026Rating Upgraded×2+2.8% ₹3,8694,109 Cr42.132.4%+30.7%
Robust HotelsHotels & ResortsCRISIL upgrades Robust Hotels bank loan ratings to BBB+ Stable and A217 Aug 2026Rating Upgraded-2.7% ₹170294 Cr10.6vs 22.83.8%+12.0%
Fermenta BiotechPharmaceuticalsCARE upgrades Fermenta Biotech credit ratings17 Aug 2026Rating Upgraded-0.7% ₹4751,360 Cr19.0vs 28.321.7%-13.1%
Paramount Cosmetics (india) LTPersonal CareCredit Rating Withdrawn After Full Repayment of IDBI Bank Loans17 Aug 2026Debt Prepaid+1.2% ₹38.8719 Cr18.3vs 37.91.3%-53.3%
The Ugar Sugar WorksOther Agricultural ProductsCredit rating upgraded to CARE BBB- with Stable outlook13 Aug 2026Rating Upgraded+13.1% ₹55.66626 Cr45.3vs 14.0-13.0%-58.9%
Iris Regtech SolutionSoftware ProductsICRA upgrades short-term rating to A2, reaffirms long-term at BBB Stable11 Aug 2026Rating Upgraded-2.7% ₹245505 Cr26.7vs 19.38.3%+37.1%
Adf FoodsPackaged FoodsCRISIL upgrades ADF Foods long-term rating to A+/Stable11 Aug 2026Rating Upgraded-1.1% ₹2672,978 Cr30.1vs 30.718.8%+21.0%
Refex IndustriesWaste ManagementRefex Industries gets Acuite rating upgrade on Rs 660 crore bank loans10 Aug 2026Rating Upgraded-1.4% ₹2944,030 Cr17.0vs 16.719.1%+118.8%
Rattanindia PowerPower GenerationCRISIL upgrades short-term rating to A2; bank facility enhanced to Rs 650 cr10 Aug 2026Rating Upgraded-1.6% -9.7% ₹7.94,242 Cr21.9vs 22.30.6%+20.5%
Walchandnagar IndustriesIndustrial ProductsCredit rating reaffirmed, outlook revised to Stable from Negative7 Aug 2026Rating Upgraded+0.2% -4.2% ₹2281,547 Cr102.7vs 23.5-3.3%+79.6%
Regency FincorpOther Financial ServicesCredit rating reaffirmed at BBB/Stable, Rs 400 cr debt rated7 Aug 2026Rating Upgraded×3+1.1% +1.0% ₹46369 Cr104.5vs 16.7
Aries AgroFertilizersCRISIL Upgrades Aries Agro Ratings to A-/Stable and A2+7 Aug 2026Rating Upgraded+0.6% +30.4% ₹442574 Cr22.4vs 13.615.4%-10.3%
Bajaj HealthcarePharmaceuticalsBajaj Healthcare credit rating upgraded to IND A by India Ratings6 Aug 2026Rating Upgraded0.0% -1.5% ₹3221,084 Cr4.8%+3.5%
Bajel ProjectsHeavy Electrical EquipmentCRISIL upgrades Bajel Projects long-term rating to A plus; loan limit raised6 Aug 2026Rating Upgraded+2.7% -0.1% ₹1872,164 Cr129.0vs 38.14.4%+64.2%
Ugro CapitalNon Banking Financial Company (NBFC)Acuite assigns A1+ rating to UGRO Capital Rs 800 cr Commercial Paper5 Aug 2026Rating Upgraded-0.7% -3.3% ₹88.451,352 Cr9.0vs 18.1
B. D. Industries (Pune) LimitePlastic Products - IndustrialCredit rating downgraded; company says loans already fully repaid4 Aug 2026Debt Prepaid×2 -4.4% ₹111158 Cr14.0vs 16.318.5%
Shree Rama NewsprintOther BeveragesShree Rama Newsprint redeems 2nd installment of ZCDs worth Rs 14.13 cr4 Aug 2026Debt Prepaid×20.0% -5.2% ₹31.7468 Cr-10.7%+15.2%
P O C L EnterprisesCommodity ChemicalsCrisil assigns A-/Stable rating to bank facilities, upgrade from BBB+31 Jul 2026Rating Upgraded-0.7% -4.9% ₹168517 Cr11.8vs 17.625.7%
Emami Paper MillsPaper & Paper ProductsEmami Paper Mills redeems 7.5 lakh OCRPS worth about Rs 45 crore31 Jul 2026Debt Prepaid+4.0% +2.2% ₹116699 Cr7.7vs 13.78.1%-45.5%
Share Ind. SecuritiesStockbroking & AlliedShare India allots INR 150Cr NCDs; plans early redemption of old NCDs31 Jul 2026Debt Prepaid×2+5.2% -2.4% ₹1743,812 Cr11.6vs 15.6+22.0%
Dhampur Sugar MillsSugarTimely redemption of Rs 100 cr Commercial Paper30 Jul 2026Debt Prepaid×2+5.2% +15.1% ₹1821,173 Cr8.2vs 8.55.8%-3.5%
CLN EnergyAuto Components & EquipmentsCredit rating upgraded to BBB Stable and A3 plus by CARE30 Jul 2026Rating Upgraded+6.3% 0.0% ₹580612 Cr29.8vs 27.123.6%
Ambika Cotton MillOther Textile ProductsCRISIL upgrades short-term rating to A1+; long-term A+/Stable reaffirmed30 Jul 2026Rating Upgraded-0.5% -4.2% ₹1,669954 Cr12.0vs 15.99.8%+7.8%
Ashiana HousingResidential Commercial ProjectsAshiana Housing partially redeems NCDs and pays interest to IFC27 Jul 2026Debt Prepaid-1.0% -1.8% ₹3683,696 Cr22.5vs 22.513.1%+95.0%
India Home LoanHousing Finance CompanyCredit rating reaffirmed at IVR D, removed from Issuer Not Cooperating25 Jul 2026Debt Prepaid+3.1% +0.8% ₹3246 Cr320.0vs 14.0-0.6%
Vikran EngineeringCivil ConstructionVikran Engineering redeems Rs 15 crore Non-Convertible Debentures on maturity25 Jul 2026Debt Prepaid×2-0.7% +1.9% ₹62.971,624 Cr14.5vs 15.59.4%
Gulshan PolyolsOther Agricultural ProductsCRISIL revises Gulshan Polyols outlook to Stable, enhances loan limit24 Jul 2026Rating Upgraded-2.0% +7.5% ₹1901,188 Cr20.5vs 14.05.1%+5.2%
Inspirisys SolutionsINSPIRISYSCARE Ratings upgrades bank facility ratings to BBB+ Stable23 Jul 2026Rating Upgraded-1.3% -0.2% ₹93.8372 Cr7.018.8%+18.4%
Samhi HotelsHotels & ResortsSubsidiary hotel arm gets new credit ratings, old loan fully repaid22 Jul 2026Debt Prepaid+7.6% +11.3% ₹1593,532 Cr5.9vs 22.86.7%+17.7%
Utkarsh Small Fin Bank LOther BankUtkarsh SFB to redeem 195 crore Lower Tier II bonds early22 Jul 2026Debt Prepaid×4-0.5% +0.9% ₹14.552,589 Cr
Bondada EngineeringTelecom - InfrastructureCRISIL upgrades Bondada Engineering long-term rating to A+/Stable22 Jul 2026Rating Upgraded-3.3% -5.5% ₹2963,298 Cr11.7vs 12.837.2%+90.2%
GRM OverseasOther Agricultural ProductsGRM Overseas credit rating upgraded by Acuite from A- to A21 Jul 2026Rating Upgraded-1.4% -2.6% ₹86.951,802 Cr12.8vs 14.016.5%+64.8%
Vishvprabha VenturesDiversified Commercial ServicesCash Credit account upgraded to Performing Asset by Bank of Maharashtra20 Jul 2026Rating Upgraded+0.0% -13.1% ₹43.514 Cr6.5vs 15.1-16.1%+64.6%
Halder VentureEdible OilCrisil upgrades Halder Venture to BBB-/Stable, drops ISSUER NOT COOPERATING tag17 Jul 2026Rating Upgraded+0.5% +4.2% +24.6%₹295342 Cr4.6vs 18.516.9%+206.6%
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How this list is built

A company appears when an NSE/BSE filing inside the last 90 days carries one of these classifier signals (minimum importance: Medium): Debt Prepaid, Rating Upgraded. Each row shows the latest qualifying filing; the reaction columns are the stock’s measured move 1 day, 1 week and 1 month after that filing.

MarketPing publishes facts, filings and measured history only — nothing on this page is investment advice, a recommendation or a rating.