India Ratings Reaffirms Credit Rating of Vikran Engineering Ltd; Outlook Changed to Negative
India Ratings and Research Private Limited has reaffirmed the credit rating for Vikran Engineering Ltd. The company's credit rating stands at A-, with the outlook being changed from Stable to Negative, according to a report issued on April 7, 2026.The rating details provided in the report cover two categories of debt facilities. The table below summarizes the rating changes for Non-convertible debentures and Bank loan facilities.
| Credit Rating Agency | Type of credit rating | Amount (Rs. Crore) | Existing Rating | Assigned/Revised Rating |
|---|---|---|---|---|
| India Ratings and Research Private Limited | Non-convertible debentures | INR 500 (reduced from INR 900) | IND A-/Stable | IND A-/Negative |
| India Ratings and Research Private Limited | Bank loan facilities | INR 4,700 | IND A-/ Stable / IND A2+ | IND A-/ Negative /IND A2+ |
The rating rationale related to these ratings is available on the India Ratings and Research Private Limited website.
VIKRAN Stock Price Movement
Vikran Engineering Limited shares today gained 12.70% to close at ₹67.23 after rallying for the session. The stock settled with significant investor interest, recording a total traded volume of 11.15 million shares.Source:
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