India Ratings upgrades BOROSIL RENEWABLES to IND AA-
BOROSIL RENEWABLES (BORORENEW) said India Ratings has upgraded its credit rating to IND AA-. The company is valued at about ₹5,792 crore.
What happened
In a filing with the BSE on 30 October 2026 at 06:44 PM, BOROSIL RENEWABLES (BORORENEW) said that India Ratings has upgraded its credit rating to IND AA-.
From the filing: "FCS 7064 Encl: as above onsas 180012007 150 140012016 150 90012015 IndiaRatings CR India Ratings Upgrades Borosil Renewables' Bank Loan Ratings to 'IND AA-'/Stable/ IND A1+';"
Company snapshot
BOROSIL RENEWABLES is a small-cap company in the Capital Goods sector, with a market value of about ₹5,792 crore.
The stock last traded at ₹393.6, against a 52-week range of ₹374.4–₹721 (45.4% below the high).
Before this filing the shares had moved −13.0% over the month and −29.9% over three months. Average daily turnover over the last 20 sessions was about ₹12.35 crore.
Promoters held 56.02% at the end of Q2 FY27, down 2.75% points from the previous quarter. Foreign institutions owned 5.62% and domestic institutions 3.33%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 347 | -166.6 | -12.56 |
| Q2 FY26 | 379 | 26.4 | 1.98 |
| Q3 FY26 | 390 | 100.1 | 7.2 |
| Q4 FY26 | 440 | 169.1 | 12.07 |
| Q1 FY27 | 406 | 86.8 | 6.19 |
What history shows
BCEIE has no earlier credit rating filing from this company on record 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.
- 30 October 2026: Board meeting — Financial Results.
In the news
Recent coverage elsewhere (links open the original publisher):
- Borosil Renewables Faces in Customs Fine and Penalties Over Imported Machinery
- Borosil Renewables gets ₹60 lakh customs penalty for solar glass imports
- Borosil Renewables Faces Customs Fine And Penalties Over Solar Glass Machinery Classification
- Borosil Renewables faces Rs. 30,60,000 penalty amid customs dispute over solar glass imports
- Borosil Renewables Q2 FY27 results: Net profit rises 165.4% YoY to Rs 69 crore, EBITDA declines 11%
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.