ICRA reaffirms Kalyani Steels at A1
Kalyani Steels (KSL) said ICRA has reaffirmed its credit rating at A1. The company is valued at about ₹4,161 crore.
What happened
Kalyani Steels (KSL) told the exchanges on 29 September 2026 at 03:50 PM that ICRA has reaffirmed its credit rating at A1.
Company snapshot
Kalyani Steels is a small-cap company, with a market value of about ₹4,161 crore.
The stock last traded at ₹953.3, against a 52-week range of ₹574–₹1,032.9 (7.7% below the high).
Before this filing the shares had moved +7.3% over the month and +9.8% over three months. Average daily turnover over the last 20 sessions was about ₹15.92 crore.
Promoters held 64.70% at the end of Q1 FY27. Foreign institutions owned 1.77% and domestic institutions 11.49%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 443 | 61.7 | 14.13 |
| Q2 FY26 | 456 | 62.5 | 14.33 |
| Q3 FY26 | 462 | 62 | 14.19 |
| Q4 FY26 | 484 | 71.7 | 16.42 |
| Q1 FY27 | 465 | 68.2 | 15.63 |
What history shows
This is not the company's first credit rating disclosure: BCEIE has 1 earlier filing of this kind on record since May 2026.
Market-wide, 1,184 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.
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):
- Kalyani Steels Stock Signals to Watch This Week
- Kalyani Steels opens postal ballot to appoint Vartika Shukla
- Kalyani Steels Q2 2026 Earnings: EPS at ₹59.07 as Revenue Slips 7.35% YoY, Stock Edges Up 1.29% - Forward EPS Estimate
- Mishra Dhatu Nigam (MIDHANI) vs Kalyani Steels vs Sarda Energy an
- Kalyani Steels seeks shareholder nod for Ajay Kirtane appointment
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.