Piramal Finance: ICRA upgrades debt and bank-line ratings to [ICRA]AA+ (Stable)
Piramal Finance · Finance
Key highlights
- ICRA letter dated March 16, 2026 upgrades NCDs (₹27,790 crore), Retail NCDs (₹4,168.78 crore), Subordinated Bonds/Debt (₹1,500 crore) and PP-MLD (₹500 crore) to [ICRA]AA+(Stable).
- Bank lines of ₹9,550 crore upgraded to [ICRA]AA+(Stable) and short-term rating reaffirmed at [ICRA]A1+; the bank limits show a rating assigned date of March 13, 2026.
- Retail NCD programme of ₹272.91 crore was upgraded to [ICRA]AA+(Stable) and withdrawn.
Why it's rated notable: the amount is 254% of annual revenue (50% or more)
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
Original filing
Announcement under Regulation 30 (LODR)-Credit Rating
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from Piramal Finance
- Fundraise / allotmentMajor developmentPiramal Finance Q2 standalone profit Rs. 529.21 crores vs Rs. 277.67 crores a year ago
- Financial resultsMajor developmentPiramal Finance approves unaudited Q2 and half-year results to September 30, 2026
- Fundraise / allotmentNotablePiramal Finance allots 82,94,000 warrants to promoter group firm Nithyam Realty
- Credit ratingNotablePiramal Finance Limited upgraded by Moody's from Ba3 to Ba2 on Sep 11, 2026
- Fundraise / allotmentNotablePiramal Finance Limited approves issuance of secured NCDs on private placement
Other credit rating filings this fortnight
- Zeal Aqua bank loan ratings cut to IVR BB+/Negative, moved to Issuer Not Cooperating
- Juniper Green Energy Q2 FY27: total income ₹371.64 Cr, up 132%; PAT ₹53.56 Cr
- Mangalam Global: Infomerics rates loans Rs. 248.45 Crore IVR BBB/Negative, Issuer Not Cooperating
- Shree Refrigerations Limited H1 FY27 Net Profit Up 360.9%; CARE Upgrades Rating
- IDBI Bank's long-term rating placed on Watch with Developing Implications by ICRA
- Archean Chemical's Rs.1531 crore bank facilities downgraded by CRISIL to A-/Stable
Potential multibaggers · Q2 FY27
Potential multibaggers in Finance
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.