News Stocks KEI Industries Receives Credit Rating Revision from ICRA Limited with Enhanced Long-Term FacilitiesKEI Industries Receives Credit Rating Revision from ICRA Limited with Enhanced Long-Term Facilities
KEI Industries Limited received a credit rating revision from ICRA Limited on February 04, 2026, with long-term bank facilities increased from Rs. 3,210.00 crore to Rs. 3,310.00 crore while maintaining ICRA AA+ (Stable) rating. Short-term facilities were reduced from Rs. 600.00 crore to Rs. 500.00 crore with ICRA A1+ rating retained. The total rated amount remains at Rs. 3,850.00 crore across 16 banking partners, reflecting the company's strong creditworthiness and diversified banking relationships.
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KEI Industries Limited has announced a credit rating revision by ICRA Limited, reflecting adjustments in the company's banking facility limits while maintaining strong credit ratings. The revision, communicated on February 04, 2026, demonstrates the rating agency's continued confidence in the company's financial strength and creditworthiness.
Credit Rating Revision Details
ICRA Limited has revised the rated limits for KEI Industries' banking facilities, with notable changes in the allocation between long-term and short-term facilities:
| Instrument Type | Rating/Outlook | Previous Amount (Rs. crore) | Current Amount (Rs. crore) | Rating Definition |
|---|---|---|---|---|
| Long Term Bank Facilities | ICRA AA+ (Stable) | 3,210.00 | 3,310.00 | High degree of safety regarding timely servicing of financial obligations |
| Short Term Bank Facilities | ICRA A1+ | 600.00 | 500.00 | Very strong degree of safety regarding timely payment |
| Commercial Paper | ICRA A1+ | 40.00 | 40.00 | Lowest credit risk |
| Total | 3,850.00 | 3,850.00 |
The revision increases long-term banking facilities by Rs. 100.00 crore while reducing short-term facilities by the same amount, maintaining the overall credit limit at Rs. 3,850.00 crore.
Banking Partner Network
The credit rating covers facilities across 16 banking partners, demonstrating KEI Industries' diversified banking relationships. The major banking partners and their respective limits include:
| Bank | Amount (Rs. crore) | Rating |
|---|---|---|
| Bank of Baroda | 655.00 | [ICRA]AA+ (Stable)/[ICRA]A1+ |
| State Bank of India | 445.00 | [ICRA]AA+ (Stable)/[ICRA]A1+ |
| Axis Bank | 385.00 | [ICRA]AA+ (Stable)/[ICRA]A1+ |
| Punjab National Bank | 377.00 | [ICRA]AA+ (Stable)/[ICRA]A1+ |
| Union Bank of India | 326.00 | [ICRA]AA+ (Stable)/[ICRA]A1+ |
| ICICI Bank | 317.00 | [ICRA]AA+ (Stable)/[ICRA]A1+ |
Additional banking partners include IndusInd Bank, HDFC Bank Limited, IDBI Bank Limited, DCB Bank Limited, IDFC First Bank, Kotak Mahindra Bank, Bank of Bahrain & Kuwait, RBL Bank Ltd, DBS Bank India Ltd, and YES Bank, with facilities ranging from Rs. 20.00 crore to Rs. 207.00 crore.
Rating Significance
The ICRA AA+ (Stable) rating indicates that KEI Industries' instruments are considered to have a high degree of safety regarding timely servicing of financial obligations, carrying very low credit risk. The ICRA A1+ rating for short-term facilities signifies very strong degree of safety regarding timely payment of financial obligations with lowest credit risk.
Regulatory Compliance
The credit rating revision was communicated to both BSE Limited and The National Stock Exchange of India Ltd on February 04, 2026, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was signed by Kishore Kunal, Senior VP (Corporate Finance) & Company Secretary, ensuring proper regulatory disclosure of the rating changes.
Historical Stock Returns for KEI Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.29% | +16.24% | -2.35% | +15.91% | +13.33% | +828.29% |
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