MANORAMAManorama Industries Ltd.
Manorama Industries' bank loan rating upgraded to IND A+/Positive
- Credit rating
- Chemicals
Reviewed byKeshav SehgalBlacklitt Research
Manorama Industries (NSE: MANORAMA) said in a filing on 07 Nov 2026 that India Ratings and Research has upgraded the rating on its bank loan facilities to IND A+/Positive/IND A1+. The rated facilities have a size of ₹496.77 crore, and the rating action is Upgraded.
Key highlights
- Rated bank loan facilities: ₹496.77 crore
- New rating: IND A+/Positive/IND A1+
- Rating action: Upgraded
- Press release dated 06 Nov 2026
The rating action in numbers
| Item | Detail |
|---|---|
| Rating agency | India Ratings and Research Private Limited |
| Instrument | Bank loan facilities |
| Size of issue | ₹496.77 crore (INR 4967.70 million) |
| Rating | IND A+/Positive/IND A1+ |
| Rating action | Upgraded |
| Press release date | 06 Nov 2026 |
What the rating covers
The upgrade applies to the bank loan facilities availed by Manorama Industries, rated at ₹496.77 crore.
The filing says the rating was based on India Ratings' own rating assessment and was published in a press release dated 06 Nov 2026. A rating outlook is the agency's indication of the likely direction of a rating over the medium term; here it is Positive.
Context from recent filings
The company reported consolidated total income of ₹420.19 crore for Q1 FY27, up 42.3% from a year earlier, and net profit of ₹78.66 crore, up 67.6%. At the 06 Nov 2026 close of ₹1,957.80 a share, its market value was about ₹11,690 crore, so the rated facilities equal about 4.2% of that figure.
The filing does not give the rationale behind the upgrade or the previous rating, so the reasons for the change are not known from this intimation.
What the rating upgrade means for Manorama Industries' shareholders
The filing records a change in the external rating of the company's bank loan facilities and does not describe any change to its operations, borrowing amounts or capital structure. The intimation says the information will also be hosted on the company's website.
Not stated: the reasons India Ratings gave for the upgrade, the previous rating, and how the rated facilities split between long-term and short-term instruments.
Filed with BSE on . Reference: Original filing (PDF)
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