CARE Ratings reaffirms Universal Cables at CARE A

What happened

Universal Cables (BSE: UNIVCABLES) informed the stock exchanges on 13 October 2026 at 03:33 PM that CARE Ratings has reaffirmed its credit rating at CARE A, covering facilities or instruments of about ₹65 crore.

From the filing: "Copy of Press Release issued by the Credit Rating Agency on 12 th October , 202 6 at 8.00 P.M. is attached herewith."

Company snapshot

Universal Cables is a small-cap company, with a market value of about ₹5,270 crore.

The stock last traded at ₹1,518.8, against a 52-week range of ₹576–₹1,774.9 (14.4% below the high).

Before this filing the shares had moved −1.6% over the month and +30.5% over three months. Average daily turnover over the last 20 sessions was about ₹17.39 crore.

Promoters held 61.89% at the end of Q1 FY27. Foreign institutions owned 1.11% and domestic institutions 3.31%.

What history shows

BCEIE has no earlier credit rating filing from this company on record since May 2026.

Market-wide, 1,270 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.

In the news

Recent coverage elsewhere (links open the original publisher):

• Is Now The Time To Put Universal Cables (NSE:UNIVCABLES) On Your Watchlist? — Simply Wall Street, 7 Oct 2026
• Universal Cables Ltd. Share Price Rise Streak and Valuation — Univest, 6 Oct 2026
• Universal Cables (NSE:UNIVCABLES): Has It Filed Its Reg 74(5) Demat Certificate for Q2 FY27? — Kalkine India, 6 Oct 2026
• Can Universal Cables Capture the EHV Cable Opportunity From India’s Expanding Transmission Network? — Trade Brains, 30 Sept 2026

Source

• Exchange filing (PDF)