ICRA reaffirms Suryalakshmi Cotton Mills at BBB, outlook Stable
Suryalakshmi Cotton Mills (SURYALAXMI) said ICRA has reaffirmed its credit rating at BBB with a stable outlook. The company is valued at about ₹107 crore.
What happened
Suryalakshmi Cotton Mills (SURYALAXMI) told the exchanges on 28 September 2026 at 06:25 PM that ICRA has reaffirmed its credit rating at BBB with a stable outlook.
From the filing: "The details of the ratings reaffirmed and revised are as under: Instrument Rated Amount Rating Action (% Crore) Long-term - Fund Based [ICRAIBBB (Stable);"
Company snapshot
Suryalakshmi Cotton Mills is a micro-cap company, with a market value of about ₹107 crore.
The stock last traded at ₹57, against a 52-week range of ₹43–₹67.7 (15.8% below the high).
Before this filing the shares had moved −1.6% over the month and −6.7% over three months. Average daily turnover over the last 20 sessions was about ₹0.04 crore.
Promoters held 60.93% at the end of Q1 FY27; 1.23% of promoter shares were pledged. Foreign institutions owned 0.21% and domestic institutions 1.82%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 178 | 1.5 | 0.78 |
| Q2 FY26 | 192 | 0.3 | 0.16 |
| Q3 FY26 | 184 | 0.5 | 0.28 |
| Q4 FY26 | 241 | 0.8 | 0.44 |
| Q1 FY27 | 182 | 2.4 | 1.25 |
What history shows
BCEIE has no earlier credit rating filing from this company on record since May 2026.
Market-wide, 1,180 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):
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.