CRISIL upgrades Religare Enterprises to BBB
Religare Enterprises (BSE: RELIGARE) said CRISIL has upgraded its credit rating to BBB, covering facilities or instruments of about ₹500 crore. The company is valued at about ₹7,648 crore.
What happened
Religare Enterprises (BSE: RELIGARE) informed the stock exchanges on 4 November 2026 at 07:04 PM that CRISIL has upgraded its credit rating to BBB, covering facilities or instruments of about ₹500 crore.
From the filing: "Total Bank Loan Facilities Rated Rs. 500 Crore Long Term Rating Crisil BBB+/Stable (upgraded from Crisil BBB /Stable) Short Term Rating Crisil A2+ (Upgraded from Crisil A3+) You are requested to take the above information on your record."
Company snapshot
Religare Enterprises is a small-cap company in the Financial Services sector, with a market value of about ₹7,648 crore.
The stock last traded at ₹224.1, against a 52-week range of ₹196.5–₹280 (19.9% below the high).
Before this filing the shares had moved −2.1% over the month and −14.3% over three months. Average daily turnover over the last 20 sessions was about ₹25.29 crore.
Promoters held 30.56% at the end of Q1 FY27. Foreign institutions owned 9.64% and domestic institutions 9.33%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 1,861 | 10.3 | 0.31 |
| Q2 FY26 | 2,064 | 38.8 | 1.17 |
| Q3 FY26 | 2,056 | -45.3 | -1.37 |
| Q4 FY26 | 2,467 | 82.2 | 2.47 |
| Q1 FY27 | 2,353 | -26.2 | -0.78 |
What history shows
BCEIE's records show 2 previous credit rating filings from the company since May 2026.
Across 212 similar disclosures by other Financial Services companies, shares moved +0.1% on average the next day and −0.2% over five days; 46% of them rose the next day.
Market-wide, 1,405 credit rating filings with an impact score of 50 or more saw an average next-day move of +0.1%, with 46% 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):
- Religare Enterprises Limited Estimates – NSE:RELIGARE
- Religare Enterprises Limited Appoints Dipti Jayesh Khandelwal as Company Secretary
- Religare Enterprises appoints Dipti Jayesh Khandelwal as company secretary
- Religare Enterprises appoints Dipti Khandelwal as Company Secretary
- Religare Enterprises (NSE:RELIGARE): Has CARE Ratings Reaffirmed Its Broking Arm's Credit Rating?
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.