Bhagyanagar India: rating update from ICRA
Bhagyanagar India (BHAGYANGR) said ICRA has assigned its credit rating, covering facilities or instruments of about ₹654 crore. The company is valued at about ₹269 crore.
What happened
Bhagyanagar India (BHAGYANGR) told the exchanges on 12 November 2026 at 12:45 PM that ICRA has assigned its credit rating, covering facilities or instruments of about ₹654 crore.
From the filing: "The details are as follows: Particulars Details Name of the Company Tieramet Limited Instrument / Facility Long-term Fund-based — Bank facilities Rated Amount Rs. 654 Crore Rating [ICRA]A-;"
Company snapshot
Bhagyanagar India is a micro-cap company, with a market value of about ₹269 crore.
The stock last traded at ₹80.43, against a 52-week range of ₹11.59–₹422.6 (81.0% below the high).
Before this filing the shares had moved +67.9% over the month and +120.0% over three months. Average daily turnover over the last 20 sessions was about ₹0.96 crore.
Promoters held 65.80% at the end of Q2 FY27, up 0.89% points from the previous quarter. Foreign institutions owned 2.14% and domestic institutions 2.08%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 486 | 7.6 | 2.38 |
| Q2 FY26 | 580 | 11.3 | 3.52 |
| Q3 FY26 | 577 | 12.8 | 4.01 |
| Q4 FY26 | 735 | 18.5 | 5.78 |
| Q1 FY27 | 705 | 20.2 | 6.33 |
What history shows
BCEIE's records show 2 previous credit rating filings from the company since May 2026.
Market-wide, 1,449 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.
What to watch
- Whether other agencies take a similar view on the company's credit.
- 13 November 2026: Board meeting — Financial Results.
In the news
Recent coverage elsewhere (links open the original publisher):
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.