ICRA upgrades Suzlon Energy to ICRA A+, outlook Positive
Suzlon Energy (SUZLON) said ICRA has upgraded its credit rating to ICRA A+ with a positive outlook, covering facilities or instruments of about ₹2,635 crore. The company is valued at about ₹46,600 crore.
What happened
In a filing with the NSE on 30 October 2026 at 06:22 PM, Suzlon Energy (SUZLON) said that ICRA has upgraded its credit rating to ICRA A+ with a positive outlook, covering facilities or instruments of about ₹2,635 crore.
Company snapshot
Suzlon Energy is a mid-cap company in the Capital Goods sector, with a market value of about ₹46,600 crore.
The stock last traded at ₹33.9, against a 52-week range of ₹36.31–₹61.5 (44.9% below the high).
Before this filing the shares had moved −6.0% over the month and −21.3% over three months. Average daily turnover over the last 20 sessions was about ₹271 crore.
Promoters held 11.70% at the end of Q2 FY27, down 0.01% points from the previous quarter. Foreign institutions owned 23.63% and domestic institutions 10.25%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q2 FY26 | 3,871 | 1,279.4 | 0.93 |
| Q3 FY26 | 4,236 | 445.3 | 0.32 |
| Q4 FY26 | 5,493 | 1,114.4 | 0.81 |
| Q1 FY27 | 3,829 | 305.2 | 0.22 |
| Q2 FY27 | 4,876 | 394.2 | 0.29 |
What history shows
BCEIE's records show 1 previous credit rating filing from the company since May 2026.
Across 90 similar disclosures by other Capital Goods companies, shares moved +0.1% on average the next day and +0.1% over five days; 47% of them rose the next day.
Market-wide, 1,362 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.
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):
- Suzlon at the FT Energy Transition Summit 2026 | Good Energies for Good
- Suzlon Energy Q2 Results: Revenue grows 26% as quarterly deliveries hit record high - CNBC TV18
- Suzlon Energy shares dip on fourth day in a row, experts see strong rebound before Q2 results 2026 | Target, stop-loss
- Suzlon Energy shares crash 10% after Q2 results; JM Financial downgrades stock to add, revises target...
- Suzlon Energy Q2 FY27 results: Net profit drops 69% YoY; order book exceeds 6 GW
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.