CRISIL upgrades Kalpataru Projects International to AA, outlook Stable
Kalpataru Projects International (KPIL) said CRISIL has upgraded its credit rating to AA with a stable outlook, covering facilities or instruments of about ₹250 crore. The company is valued at about ₹23,835 crore.
What happened
In a filing with the BSE on 16 October 2026 at 10:48 AM, Kalpataru Projects International (KPIL) said that CRISIL has upgraded its credit rating to AA with a stable outlook, covering facilities or instruments of about ₹250 crore.
From the filing: "SEBI/HO/DDHS/DDHS-PoD-1/P/CIR/2025/0000000103 dated 11 th July, 2025, the details in respect of Credit Rating for Non-Convertible Debentures of the Company is as under: Corporate Office: Kalpataru Synergy, 7th Floor, Opp."
Company snapshot
Kalpataru Projects International is a small-cap company in the Construction sector, with a market value of about ₹23,835 crore.
The stock last traded at ₹1,395.7, against a 52-week range of ₹1,007.1–₹1,490 (6.3% below the high).
Before this filing the shares had moved +1.1% over the month and +6.5% over three months. Average daily turnover over the last 20 sessions was about ₹24.08 crore.
Promoters held 33.58% at the end of Q1 FY27; 24.55% of promoter shares were pledged. Foreign institutions owned 10.78% and domestic institutions 44.83%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 6,171 | 213.6 | 12.51 |
| Q2 FY26 | 6,529 | 240.1 | 14.06 |
| Q3 FY26 | 6,665 | 152.2 | 8.91 |
| Q4 FY26 | 7,778 | 434.2 | 25.42 |
| Q1 FY27 | 6,408 | 310.1 | 18.16 |
What history shows
BCEIE's records show 2 previous credit rating filings from the company since May 2026.
After those filings, the stock fell 0.9% on average the next trading day and was down 2.3% on average after five days (2 filings with price data).
Across 29 similar disclosures by other Construction companies, shares moved −0.4% on average the next day and −1.3% over five days; 31% of them rose the next day.
Market-wide, 1,303 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.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 27 Jul 2026 | Intimation Of ESG Rating By Crisil ESG Ratings & Analytics Limited… | +0.4% | −1.4% |
| 3 Jul 2026 | Credit rating | −2.2% | −3.1% |
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):
- Kalpataru Projects International bags order worth ₹2,031 crore; shares trade lower
- Kalpataru Projects wins new orders worth ₹2,225 crore in T&D business
- Kalpataru Projects International wins new orders worth ₹2,225 crore; Stock gives up early gains
- Kalpataru Projects secures orders worth Rs 2,225 crore in India, overseas markets
- Kalpataru Projects secures Rs 2,225 crore orders, order book hits record high
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.