Vikran Engineering Ltd Credit Rating Reaffirmed at ‘A-’ Amid Negative Outlook Revision
Vikran Engineering Ltd has announced a revision to its credit rating outlook from India Ratings & Research. The company's rating has been reaffirmed at 'A-', though the outlook has been adjusted from 'Stable' to 'Negative'.The revision in the rating outlook is attributed to the company's current growth phase. India Ratings & Research noted that continued deployment of cash flow and an elevated working capital cycle, particularly related to new Solar projects, may temporarily moderate the company's cash flows, suggesting a possible constrained cash flow position during fiscal years 2026 and 2027.
The reaffirmation of the credit rating remains at 'A-' based on the current financial structure.
The updated credit rating details provided by India Ratings and Research Private Limited are as follows:
| Credit Rating Agency | Type of credit rating | Size of Issue (million) | 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 |
| Bank loan facilities | INR 4,700 | IND A-/ Stable / IND A2+ | IND A-/ Negative /IND A2+ |
VIKRAN Stock Price Movement
Today, Vikran Engineering Limited shares edged higher to close at ₹69.61, marking a strong gain of 6.53%. The stock saw significant investor interest, completing the session on a volume of 4.69 million shares.Source:
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