ICRA reaffirms Shree Ajit Pulp & Paper at ICRA BBB, outlook Positive
Shree Ajit Pulp & Paper (SAPPL) said ICRA has reaffirmed its credit rating at ICRA BBB with a positive outlook. The company is valued at about ₹295 crore.
What happened
Shree Ajit Pulp & Paper (SAPPL) told the exchanges on 12 November 2026 at 12:59 PM that ICRA has reaffirmed its credit rating at ICRA BBB with a positive outlook.
From the filing: "The long- term Rating has been reaffirmed to [ICRA] BBB+ (pronounced ICRA BBB plus) and the short-term Rating has been reaffirmed to [ICRA] A2 (pronounced ICRA A two) ("Rating")."
Company snapshot
Shree Ajit Pulp & Paper is a micro-cap company, with a market value of about ₹295 crore.
The stock last traded at ₹332, against a 52-week range of ₹252–₹380 (12.6% below the high).
Before this filing the shares had moved +4.0% over the month and +10.8% over three months. Average daily turnover over the last 20 sessions was about ₹0.04 crore.
Promoters held 59.60% at the end of Q1 FY27.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 177 | 7.1 | 7.94 |
| Q2 FY26 | 173 | 5.8 | 6.56 |
| Q3 FY26 | 177 | 7.5 | 8.46 |
| Q4 FY26 | 175 | 9.6 | 10.79 |
| Q1 FY27 | 201 | 18.5 | 20.83 |
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, 1,449 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.
What to watch
- Whether other agencies take a similar view on the company's credit.
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.