India Ratings upgrades KSR Footwear to IND BB
KSR Footwear (KSR) said India Ratings has upgraded its credit rating to IND BB, covering facilities or instruments of about ₹32 crore. The company is valued at about ₹69.27 crore.
What happened
In a filing with the BSE on 13 October 2026 at 11:31 AM, KSR Footwear (KSR) said that India Ratings has upgraded its credit rating to IND BB, covering facilities or instruments of about ₹32 crore.
From the filing: "Short - term rating affirmed Bank Loan Facilities INR 40 Million IND BB+/Stable Assigned A copy of the said Letter, as received from India Ratings & Research in this regard, is enclosed herewith."
Company snapshot
KSR Footwear is a micro-cap company, with a market value of about ₹69.27 crore.
The stock last traded at ₹37.69, against a 52-week range of ₹14.04–₹48.84 (22.8% below the high).
Before this filing the shares had moved +1.0% over the month and +30.1% over three months. Average daily turnover over the last 20 sessions was about ₹0.18 crore.
Promoters held 60.94% at the end of Q1 FY27.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 52 | -4.8 | -2.63 |
| Q2 FY26 | 42 | -9.2 | -4.98 |
| Q3 FY26 | 45 | -3.8 | -2.08 |
| Q4 FY26 | 60 | 5.1 | 2.76 |
| Q1 FY27 | 52 | 0.3 | 0.17 |
What history shows
BCEIE has no earlier credit rating filing from this company on record since May 2026.
Market-wide, 1,270 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.
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.