Acuité reaffirms Mangalam Global Enterprise at IVR BBB, outlook Negative
Mangalam Global Enterprise (MGEL) said Acuité has reaffirmed its credit rating at IVR BBB with a negative outlook, covering facilities or instruments of about ₹248 crore. The company is valued at about ₹595 crore.
What happened
In a filing with the BSE on 30 October 2026 at 07:27 PM, Mangalam Global Enterprise (MGEL) said that Acuité has reaffirmed its credit rating at IVR BBB with a negative outlook, covering facilities or instruments of about ₹248 crore.
From the filing: "ISSUER NOT COOPERATING* (Rating Reaffirmed; migrated to ISSUER NOT COOPERATING category and Outlook revised to Negative from Positive) Short Term Rating IVR A3+;"
Company snapshot
Mangalam Global Enterprise is a micro-cap company, with a market value of about ₹595 crore.
The stock last traded at ₹18.05, against a 52-week range of ₹9.53–₹19.35 (6.7% below the high).
Before this filing the shares had moved +12.9% over the month and +12.6% over three months. Average daily turnover over the last 20 sessions was about ₹0.97 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 1 earlier filing of this kind on record since May 2026.
Market-wide, 1,365 credit rating filings with an impact score of 50 or more saw an average next-day move of +0.1%, with 46% rising.
Past reactions describe what happened before; they are not a forecast.
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 Ltd. Estimates – NSE:MGEL
- Mangalam Global Enterprise Ltd. (MGEL) 52 Week High Streak: What 2 Sessions Near the Peak Mean
- Mangalam Global Enterprise Sept-Quarter Consol Net PAT 92.5 Million Rupees
- Mangalam Global Enterprise (MGEL.NS) Holds Firm Near ₹17.02 With Marginal Gains as ₹17.87 Resistance Comes Into Focus - EMA Signal
- Mangalam Global Enterprise (NSE:MGEL): What Did Its Q2 FY27 Results Newspaper Filing Disclose?
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.