CARE Ratings upgrades Saksoft to CARE A+
Saksoft (SAKSOFT) said CARE Ratings has upgraded its credit rating to CARE A+. The company is valued at about ₹1,876 crore.
What happened
In a filing with the NSE on 28 September 2026 at 08:05 PM, Saksoft (SAKSOFT) said that CARE Ratings has upgraded its credit rating to CARE A+.
From the filing: "Care Ratings Limited, a credit rating agency registered with the Securities and Exchange Board of India, has revised and upgraded the credit rating of the Company for availing credit facilities vide its letter dated September 28, 2026."
Company snapshot
Saksoft is a small-cap company, with a market value of about ₹1,876 crore.
The stock last traded at ₹141.5, against a 52-week range of ₹107.6–₹223 (36.5% below the high).
Before this filing the shares had moved −10.3% over the month and −31.5% over three months. Average daily turnover over the last 20 sessions was about ₹3.72 crore.
Promoters held 66.72% at the end of Q1 FY27, up 0.01% points from the previous quarter. Foreign institutions owned 2.17% and domestic institutions 0.01%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 249 | 32.3 | 2.54 |
| Q2 FY26 | 258 | — | 2.8 |
| Q3 FY26 | 251 | 29 | 2.27 |
| Q4 FY26 | 249 | 35.9 | 2.81 |
| Q1 FY27 | 249 | 29.3 | 2.28 |
What history shows
BCEIE has no earlier credit rating filing from this company on record since May 2026.
Market-wide, 1,184 credit rating filings with an impact score of 50 or more saw an average next-day move of +0.2%, with 48% 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):
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.