CRISIL upgrades Sarda Energy & Minerals to CRISIL AA-
Sarda Energy & Minerals (NSE: SARDAEN) said CRISIL has upgraded its credit rating to CRISIL AA-, covering facilities or instruments of about ₹2,846 crore. The company is valued at about ₹17,714 crore.
What happened
Sarda Energy & Minerals (NSE: SARDAEN) informed the stock exchanges on 7 October 2026 at 01:13 PM that CRISIL has upgraded its credit rating to CRISIL AA-, covering facilities or instruments of about ₹2,846 crore.
Company snapshot
Sarda Energy & Minerals is a small-cap company in the Metals & Mining sector, with a market value of about ₹17,714 crore.
The stock last traded at ₹502.7, against a 52-week range of ₹453.1–₹624 (19.4% below the high).
Before this filing the shares had moved +2.0% over the month and −0.8% over three months. Average daily turnover over the last 20 sessions was about ₹32.4 crore.
Promoters held 73.16% at the end of Q1 FY27. Foreign institutions owned 3.52% and domestic institutions 3.47%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 1,633 | 434.4 | 12.33 |
| Q2 FY26 | 1,528 | 323.2 | 9.17 |
| Q3 FY26 | 1,276 | 190.4 | 5.4 |
| Q4 FY26 | 1,254 | 158 | 4.48 |
| Q1 FY27 | 1,608 | 458.3 | 13 |
What history shows
BCEIE's records show 2 previous credit rating filings from the company since May 2026.
After those filings, the stock gained 2.2% on average the next trading day and was down 1.4% on average after five days (2 filings with price data).
Across 38 similar disclosures by other Metals & Mining companies, shares moved +0.2% on average the next day and +1.2% over five days; 58% of them rose the next day.
Market-wide, 1,223 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 |
|---|---|---|---|
| 4 Sept 2026 | Credit rating | +2.2% | −1.4% |
| 4 Sept 2026 | Credit Rating | +2.2% | −1.4% |
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.