NewsCapital India Finance Limited Credit Rating Outlook Revised from Stable to Negative by InfomericsCapital India Finance Limited Credit Rating Outlook Revised from Stable to Negative by Infomerics
Capital India Finance Limited received a credit rating update from Infomerics Valuation and Rating Limited on March 18, 2026, with the outlook revised from Stable to Negative across all facilities totaling INR 1,000.00 crore. While the IVR A rating was reaffirmed, the negative outlook revision affects all facility categories including term loans, working capital facilities, and non-convertible debentures. The company disclosed this information to stock exchanges in compliance with SEBI regulations.
*this image is generated using AI for illustrative purposes only.
Capital India Finance Limited has announced a credit rating update from Infomerics Valuation and Rating Limited, with the outlook revised from Stable to Negative across all its rated facilities. The company disclosed this information to stock exchanges on March 19, 2026, in compliance with SEBI regulations.
Credit Rating Details
Infomerics Valuation and Rating Limited communicated the rating action via email on March 18, 2026, which was received by the company at 07:35 P.M. The rating agency reaffirmed the IVR A (IVR Single A) rating but revised the outlook from Stable to Negative across all facilities.
Facility-wise Rating Breakdown
The rating action covers multiple facilities with a total exposure of INR 1,000.00 crore:
| Facilities | Amount (INR Crore) | Current Rating | Previous Rating | Rating Action |
|---|---|---|---|---|
| Fund Based Long Term Loans – Term Loans | 685.22 (Increased from 617.09) | IVR A/Negative | IVR A/Stable | Rating reaffirmed and outlook revised from Stable to Negative |
| Fund Based Long Term Loans – Proposed Term Loans | 179.78 (Reduced from 257.91) | IVR A/Negative | IVR A/Stable | Rating reaffirmed and outlook revised from Stable to Negative |
| Fund Based Working Capital Facilities – Cash Credit | 35.00 (Increased from 25.00) | IVR A/Negative | IVR A/Stable | Rating reaffirmed and outlook revised from Stable to Negative |
| Non-Convertible Debenture (NCDs) – INE345H07054 | 50.00 | IVR A/Negative | IVR A/Stable | Rating reaffirmed and outlook revised from Stable to Negative |
| Proposed Non-Convertible Debenture (NCDs) | 50.00 | IVR A/Negative | IVR A/Stable | Rating reaffirmed and outlook revised from Stable to Negative |
| Total | 1,000.00 |
Regulatory Compliance
The disclosure was made pursuant to Regulations 30, 51 & 55 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided detailed information about the credit rating for its Non-Convertible Debentures with ISIN INE345H07054.
NCD Rating Disclosure
For regulatory compliance under Regulation 55, the company provided specific details for its Non-Convertible Debentures:
| Parameter | Details |
|---|---|
| ISIN | INE345H07054 |
| Credit Rating Agency | Infomerics Valuation and Rating Limited |
| Credit Rating Assigned | IVR A (IVR Single A) |
| Outlook | Negative outlook |
| Rating Action | Reaffirmed |
| Date of Credit Rating | March 18, 2026 |
| Verification Status | Verified |
| Date of Verification | March 18, 2026 |
The company has also submitted the information in XBRL mode and made the detailed credit rating report available through Infomerics' official web portal. The disclosure was signed by Sulabh Kaushal, Chief Compliance Officer & Company Secretary, ensuring proper regulatory compliance.
Historical Stock Returns for Capital India Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -8.96% | -19.08% | -32.22% | -41.90% | -42.39% | -42.39% |
What specific operational or financial challenges might have prompted Infomerics to revise Capital India Finance's outlook to negative?
How could this negative outlook impact Capital India Finance's borrowing costs and access to capital markets in the coming quarters?
Will the company need to provide additional collateral or guarantees to maintain its existing credit facilities given the outlook revision?
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