CRISIL reaffirms Neogen Chemicals at CRISIL A-, outlook Negative
Neogen Chemicals (BSE: NEOGEN) said CRISIL has reaffirmed its credit rating at CRISIL A- with a negative outlook, covering facilities or instruments of about ₹1,150 crore. The company is valued at about ₹6,531 crore.
What happened
Neogen Chemicals (BSE: NEOGEN) informed the stock exchanges on 26 September 2026 at 07:12 PM that CRISIL has reaffirmed its credit rating at CRISIL A- with a negative outlook, covering facilities or instruments of about ₹1,150 crore.
From the filing: "The proceeds from QIP are expected to be utilised towards debt reduction and working capital requirements, thereby lowering reliance on external Long Term Rating CRISIL A-/Negative Crisil A-/Stable (Outlook revised from 'Negative';"
Company snapshot
Neogen Chemicals is a small-cap company in the Chemicals sector, with a market value of about ₹6,531 crore.
The stock last traded at ₹2,385.2, against a 52-week range of ₹966.7–₹2,499.7 (4.6% below the high).
Before this filing the shares had moved +7.0% over the month and +17.8% over three months. Average daily turnover over the last 20 sessions was about ₹49.84 crore.
Promoters held 53.01% at the end of Q2 FY27; 23.00% of promoter shares were pledged. Foreign institutions owned 3.87% and domestic institutions 17.08%.
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 0.9% on average the next trading day and was down 5.1% on average after five days (2 filings with price data).
Across 34 similar disclosures by other Chemicals companies, shares moved −0.2% on average the next day and −0.0% over five days; 50% of them rose the next day.
Market-wide, 1,180 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 |
|---|---|---|---|
| 18 Jul 2026 | Intimation Of Credit Rating | −0.9% | −5.1% |
| 18 Jul 2026 | Credit rating | −0.9% | −5.1% |
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):
- Neogen Chemicals secures ₹600 crore via debut institutional placement
- Neogen Chemicals Positioned As Government Plans Lithium And Nickel Processing Program
- Neogen Chemicals Share Price
- JSA acts on Neogen Chemicals ₹600 crore QIP
- Neogen Chemicals raises Rs. 600 crore in first QIP, issue oversubscribed 6.5x
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.