ICRA reaffirms Subros at AA, outlook Stable

What happened

Subros (BSE: SUBROS) informed the stock exchanges on 3 November 2026 at 06:24 PM that ICRA has reaffirmed its credit rating at AA with a stable outlook.

Company snapshot

Subros is a small-cap company in the Capital Goods sector, with a market value of about ₹3,811 crore.

The stock last traded at ₹584.2, against a 52-week range of ₹572.1–₹1,082.8 (46.0% below the high).

Before this filing the shares had moved −14.7% over the month and −27.0% over three months. Average daily turnover over the last 20 sessions was about ₹7.4 crore.

Promoters held 36.79% at the end of Q1 FY27. Foreign institutions owned 32.69% and domestic institutions 10.70%.

What history shows

BCEIE has no earlier credit rating filing from this company on record since May 2026.

Across 92 similar disclosures by other Capital Goods companies, shares moved +0.1% on average the next day and +0.1% over five days; 46% of them rose the next day.

Market-wide, 1,381 credit rating filings with an impact score of 50 or more saw an average next-day move of +0.0%, 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.
• 3 November 2026: Board meeting — Financial Results.

In the news

Recent coverage elsewhere (links open the original publisher):

• Subros Shares Skyrocket 10% on Securing Rs 1,225 Crore Order — Equitypandit, 28 Oct 2026
• Subros shares surge 10% after securing Rs 1,225 crore HVAC supply order from Maruti Suzuki — The Economic Times, 28 Oct 2026
• Subros shares jump 10% after ₹1,225 crore Maruti Suzuki order; key details to know | What lies ahead for investors? — Livemint, 28 Oct 2026
• Subros Secures ₹1,225 Crore HVAC Supply Order from Maruti Suzuki — https://smallcapspotlight.in/, 3 Nov 2026
• If EPS Growth Is Important To You, Subros (NSE:SUBROS) Presents An Opportunity — Simply Wall St, 24 Oct 2026

Source

• Exchange filing (PDF)