CARE Ratings upgrades Cemindia Projects to CARE AA
Cemindia Projects (BSE: CEMPRO) said CARE Ratings has upgraded its credit rating to CARE AA. The company is valued at about ₹25,026 crore.
What happened
Cemindia Projects (BSE: CEMPRO) informed the stock exchanges on 6 November 2026 at 03:19 PM that CARE Ratings has upgraded its credit rating to CARE AA.
From the filing: "Stable / CARE A1+ LT rating upgraded from CARE AA-;"
Company snapshot
Cemindia Projects is a small-cap company in the Construction sector, with a market value of about ₹25,026 crore.
The stock last traded at ₹1,357, against a 52-week range of ₹503.3–₹1,649.2 (17.7% below the high).
Before this filing the shares had moved +13.3% over the month and +0.9% over three months. Average daily turnover over the last 20 sessions was about ₹63.02 crore.
Promoters held 62.84% at the end of Q3 FY27, down 4.62% points from the previous quarter. Foreign institutions owned 6.23% and domestic institutions 11.06%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q2 FY26 | 2,175 | 107.7 | 6.27 |
| Q3 FY26 | 2,315 | 110.9 | 6.45 |
| Q4 FY26 | 2,973 | 242.2 | 14.1 |
| Q1 FY27 | 2,721 | 140.8 | 8.2 |
| Q2 FY27 | 2,749 | 130.6 | 7.6 |
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.
Across 34 similar disclosures by other Construction companies, shares moved −0.3% on average the next day and −1.9% over five days; 35% of them rose the next day.
Market-wide, 1,413 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):
- Adani Group-backed Cemindia Projects bags Rs 666-crore Bengaluru suburban rail contract
- Cyril Amarchand Mangaldas advises Cemindia Projects Ltd. on its INR 1400 Crore QI
- CAM advises Cemindia Projects on ₹1,400 crore QIP
- Cemindia Projects’ order book reaches ₹32,715 crore in H1
- Cemindia Projects Wins Rs 6.66 bn Bengaluru Rail Contract
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.