ICRA reaffirms Ashoka Buildcon at A1
Ashoka Buildcon (BSE: ASHOKA) said ICRA has reaffirmed its credit rating at A1. The company is valued at about ₹2,778 crore.
What happened
Ashoka Buildcon (BSE: ASHOKA) informed the stock exchanges on 31 October 2026 at 11:04 AM that ICRA has reaffirmed its credit rating at A1.
From the filing: "the ICRA Limited (ICRA) had the Credit Ratings for short-term debt, of the Company as under."
Company snapshot
Ashoka Buildcon is a small-cap company in the Construction sector, with a market value of about ₹2,778 crore.
The stock last traded at ₹98.97, against a 52-week range of ₹95.31–₹214.5 (53.9% below the high).
Before this filing the shares had moved −10.2% over the month and −19.7% over three months. Average daily turnover over the last 20 sessions was about ₹7.19 crore.
Promoters held 54.48% at the end of Q1 FY27. Foreign institutions owned 4.40% and domestic institutions 14.03%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 1,887 | 226.9 | 7.74 |
| Q2 FY26 | 1,851 | 78.1 | 2.78 |
| Q3 FY26 | 1,827 | 2,111.4 | 75.21 |
| Q4 FY26 | 1,954 | 143.1 | 10.61 |
| Q1 FY27 | 1,500 | 123.5 | 4.55 |
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 gained 2.6% on average the next trading day and was up 1.5% on average after five days (2 filings with price data).
Across 33 similar disclosures by other Construction companies, shares moved −0.6% on average the next day and −2.2% over five days; 33% of them rose the next day.
Market-wide, 1,365 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.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 16 Oct 2026 | We wish to inform you that ESG Risk Assessments & Insights Limited,… | −2.6% | −7.2% |
| 13 Jun 2026 | Credit rating | +7.8% | +10.1% |
What to watch
- Whether other agencies take a similar view on the company's credit.
- 5 November 2026: Board meeting — Financial Results.
In the news
Recent coverage elsewhere (links open the original publisher):
- Ashoka Buildcon Limited Estimates – NSE:ASHOKA
- Ashoka Buildcon wins INR 290 crore North Eastern Railway contract in Uttar Pradesh
- Ashoka Buildcon Raises $80 Million in Share Sale: Report
- Ashoka Buildcon Assigned Independent CRISIL ESG 60 Rating
- What Ashoka Buildcon Holders Got Wrong Before The Slide
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.