CRISIL assigns Primo Chemicals at BBB
Primo Chemicals (PRIMO) said CRISIL has assigned its credit rating at BBB, covering facilities or instruments of about ₹180 crore. The company is valued at about ₹682 crore.
What happened
Primo Chemicals (PRIMO) told the exchanges on 30 September 2026 at 10:31 PM that CRISIL has assigned its credit rating at BBB, covering facilities or instruments of about ₹180 crore.
Company snapshot
Primo Chemicals is a micro-cap company, with a market value of about ₹682 crore.
The stock last traded at ₹28.13, against a 52-week range of ₹16.1–₹29.8 (5.6% below the high).
Before this filing the shares had moved +30.9% over the month and +15.6% over three months. Average daily turnover over the last 20 sessions was about ₹1.17 crore.
Promoters held 32.40% at the end of Q1 FY27. Foreign institutions owned 0.32% and domestic institutions 1.92%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 142 | 0 | 0.17 |
| Q2 FY26 | 135 | 4.2 | 0.17 |
| Q3 FY26 | 140 | 1.1 | 0.04 |
| Q4 FY26 | 145 | 0 | 0.25 |
| Q1 FY27 | 140 | 4.7 | 0.19 |
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 1.0% on average the next trading day and was down 0.7% on average after five days (2 filings with price data).
Market-wide, 1,190 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.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 22 Jul 2026 | Credit rating | −2.9% | −1.4% |
| 26 Jun 2026 | Credit rating | +0.9% | 0.0% |
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):
- Briefs: Vantage Chemical Industries, Fine Organic Industries and Primo Chemicals
- Primo Chemicals Share Price rise; market cap at Rs 551.57 Cr
- Primo Chemicals takes full control of Flow Tech Chemicals
- Primo Chemicals surges on executing supply agreement with National Fertilizers
- Primo Chemicals Approves Draft Scheme of Amalgamation to Merge Wholly Owned Subsidiary Flow Tech Chemicals
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.