Acuité assigns Mangalam Global Enterprise at ACUITE BBB+
Mangalam Global Enterprise (MGEL) said Acuité has assigned its credit rating at ACUITE BBB+. The company is valued at about ₹590 crore.
What happened
In a filing with the BSE on 7 November 2026 at 12:21 PM, Mangalam Global Enterprise (MGEL) said that Acuité has assigned its credit rating at ACUITE BBB+.
From the filing: "The credit ratings letter is enclosed herewith for your perusal."
Company snapshot
Mangalam Global Enterprise is a micro-cap company, with a market value of about ₹590 crore.
The stock last traded at ₹17.91, against a 52-week range of ₹9.53–₹19.35 (7.4% below the high).
Before this filing the shares had moved +13.5% over the month and +19.2% over three months. Average daily turnover over the last 20 sessions was about ₹0.94 crore.
Promoters held 68.77% at the end of Q2 FY27, down 3.61% points from the previous quarter. Foreign institutions owned 0.16% and domestic institutions 5.17%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q2 FY26 | 706 | 17.8 | 0.54 |
| Q3 FY26 | 756 | 8.5 | 0.26 |
| Q4 FY26 | 1,064 | 12.5 | 0.38 |
| Q1 FY27 | 952 | 8.4 | 0.26 |
| Q2 FY27 | 983 | 9.3 | 0.28 |
What history shows
This is not the company's first credit rating disclosure: BCEIE has 2 earlier filings of this kind on record since May 2026.
After those filings, the stock fell 2.8% on average the next trading day and was down 7.9% on average after five days (2 filings with price data).
Market-wide, 1,419 credit rating filings with an impact score of 50 or more saw an average next-day move of +0.1%, with 47% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 30 Oct 2026 | Mangalam Global Enterprise Limited has informed the Exchange about… | +0.5% | — |
| 5 Aug 2026 | Credit rating | −6.1% | −7.9% |
What to watch
- Whether other agencies take a similar view on the company's credit.
In the news
Recent coverage elsewhere (links open the original publisher):
- Mangalam Global Enterprise To Consider Fund Raising Via Issue Of Shares Or Convertible Warrants
- Mangalam Global Enterprise Limited Plans Preferential Warrant Issue
- Mangalam Global Standalone September 2026 Net Sales at Rs 874.51 crore, up 41.82% Y-o-Y
- Mangalam Global appoints Darshak Mehta as CEO for NEAT EVERYDAY brand
- Mangalam Global Enterprise Limited (MGEL.NS) Seasonal returns chart
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.