Brickwork reaffirms IFCI at BWR B+, outlook Negative
IFCI (IFCI) said Brickwork has reaffirmed its credit rating at BWR B+ with a negative outlook. The company is valued at about ₹16,581 crore.
What happened
IFCI (IFCI) told the exchanges on 5 November 2026 at 12:12 PM that Brickwork has reaffirmed its credit rating at BWR B+ with a negative outlook.
From the filing: "Nature of Facility Reaffirmed Ratings 1."
Company snapshot
IFCI is a small-cap company in the Financial Services sector, with a market value of about ₹16,581 crore.
The stock last traded at ₹61.54, against a 52-week range of ₹46.23–₹107.5 (42.8% below the high).
Before this filing the shares had moved −11.7% over the month and −24.2% over three months. Average daily turnover over the last 20 sessions was about ₹238 crore.
Promoters held 72.57% at the end of Q1 FY27. Foreign institutions owned 3.51% and domestic institutions 1.66%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 407 | 39.9 | 0.15 |
| Q2 FY26 | 732 | 143 | 0.53 |
| Q3 FY26 | 456 | -15.2 | -0.06 |
| Q4 FY26 | 470 | 13.2 | 0.05 |
| Q1 FY27 | 327 | 33.5 | 0.12 |
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 4.2% on average the next trading day and was down 1.4% on average after five days (2 filings with price data).
Across 211 similar disclosures by other Financial Services companies, shares moved +0.1% on average the next day and −0.2% over five days; 46% of them rose the next day.
Market-wide, 1,411 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 |
|---|---|---|---|
| 14 Sept 2026 | Credit Rating Reaffirmed - ICRA Limited | −8.8% | −7.7% |
| 18 Aug 2026 | Credit Rating - Reaffirmation of Credit Rating - CARE Edge Rating… | +0.5% | +5.0% |
What to watch
- Whether other agencies take a similar view on the company's credit.
- 12 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.