India Ratings reaffirms Vikran Engineering at IND BBB+, outlook Stable
Vikran Engineering (VIKRAN) said India Ratings has reaffirmed its credit rating at IND BBB+ with a stable outlook. The company is valued at about ₹1,490 crore.
What happened
Vikran Engineering (VIKRAN) told the exchanges on 7 November 2026 at 11:22 PM that India Ratings has reaffirmed its credit rating at IND BBB+ with a stable outlook.
From the filing: "The rating rationale is uploaded on India Ratings and Research Private Limited's website India Ratings and Research: Credit Rating and Research Agency India This is for your information and records."
Company snapshot
Vikran Engineering is a small-cap company, with a market value of about ₹1,490 crore.
The stock last traded at ₹57.78, against a 52-week range of ₹50.81–₹118.4 (51.2% below the high).
Before this filing the shares had moved −0.6% over the month and −19.4% over three months. Average daily turnover over the last 20 sessions was about ₹33.29 crore.
Promoters held 56.27% at the end of Q2 FY27; 0.00% of promoter shares were pledged. Foreign institutions owned 0.80% and domestic institutions 5.70%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q2 FY26 | 335 | 14.8 | 0.76 |
| Q3 FY26 | 266 | 20.9 | 0.81 |
| Q4 FY26 | 647 | 56 | 2.17 |
| Q1 FY27 | 142 | 4 | 0.15 |
| Q2 FY27 | 212 | 2.8 | 0.11 |
What history shows
This is not the company's first credit rating disclosure: BCEIE has 4 earlier filings of this kind on record since May 2026.
After those filings, the stock gained 1.6% on average the next trading day and was up 5.0% on average after five days (4 filings with price data).
Market-wide, 1,425 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.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 23 Jun 2026 | Credit rating | −2.5% | +4.5% |
| 20 Jun 2026 | Credit rating | −4.6% | −0.3% |
| 15 Jun 2026 | Credit Rating- New | +7.4% | +2.1% |
| 11 Jun 2026 | Credit Rating- Revision | +6.1% | +13.6% |
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):
- Vikran Engineering Reports 20.2% Revenue Growth, 69.8% Profit Decline In Q2 FY27
- Vikran Engineering: Order book over Rs.6,200 crore, solar EPC dominates
- Vikran Engineering begins separate power-generation reporting
- Vikran Engineering Issues Secured Unrated Unlisted NCDs Aggregating To 250 Million Rupees
- Vikran Engineering Q2FY27 results: Revenue up 25%, EBITDA margin falls to 9.14%
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.