Crisil Ratings

Tighter energy norms to cut profitability of urea makers by a qtr: Crisil

Crisil said impact will not be uniform, as it will be sharper for manufacturers with greater dependence on legacy urea ops and for plants that benefited most from earlier efficiency-linked savings

Safeguard duty, higher prices to keep steel makers' profitability steady

Crisil Ratings expects steel makers to maintain stable profitability in FY27 as higher domestic steel prices and safeguard duty offset rising coking coal, energy and logistics costs

Crisil upgrades Vedanta Power's long-term bank facility rating to AA+

Vedanta Power on Tuesday said rating agency Crisil has upgraded the rating on the company's guaranteed long-term bank facilities, highlighting that the post-demerger structure provides greater strategic focus and enhanced financial flexibility across its businesses. In a statement, the company said Crisil has upgraded Vedanta Power's guaranteed long-term bank facilities to CRISIL AA+ (CE)/Stable from CRISIL AA (CE), while reaffirming its standalone long-term rating at CRISIL AA-/Stable and short-term rating at CRISIL A1+. The rating upgrade follows the successful completion of the Vedanta Group's demerger and reflects Vedanta Power's strengthened credit profile, diversified thermal power portfolio, healthy liquidity position and strategic importance, according to the statement. A CRISIL AA+ (CE) rating means the financial instrument has a high degree of safety regarding timely payment of interest and principal. Crisil also recognised the company's operating performance, long-term .

NBFC education loans may grow 20% in FY27 despite US slowdown: Crisil

NBFC education loan portfolios are expected to reach Rs 94,000 crore in FY27 as growing diversification across study destinations offsets weaker demand for US-focused education

NBFCs drive securitisation issuances to record first-quarter high: Crisil

NBFCs accounted for over 98% of securitisation issuances in April-June 2026, with gold loans emerging as the largest asset class amid robust investor demand and healthy retail credit growth

MFI AUM projected to grow at 20% in FY27 on secured loans: Crisil Ratings

Rating agency says diversification into gold, MSME and property-backed loans, along with a recovery in microfinance disbursements, will drive growth this fiscal

Gold-loan lenders can withstand sharp price corrections, says Crisil

Strong risk-management practices, conservative lending ratios and timely auctions help lenders recover principal even under stressed gold-price scenarios, the agency says

Guardrails cut MFI securitised pool overdues by 60%, says Crisil Ratings

Crisil Ratings says lending guardrails have improved portfolio quality and credit discipline, leading to a sharp reduction in overdue build-up in microfinance securitised pools

Defence firms seen posting healthy FY27 growth on strong orders

Record defence production and exports, coupled with strong order books and improving execution, are expected to support healthy growth for defence companies in FY27

Ideaforge zooms 144% since April, hits 2-year high; what's driving stock?

Ideaforge's revenue is likely to grow at a steady rate over the medium term, in line with geographical diversification, healthy demand, strong order book, and product addition, believes Crisil Ratings

FY27 toll collection growth may moderate to 5-7% amid West Asia conflict

Crisil Ratings says slowing commercial traffic and geopolitical tensions may temper toll collection growth in FY27, though credit profiles of road assets are expected to remain stable

Grade-A office vacancies may fall up to 16% in FY27: Crisil Ratings

Crisil Ratings says healthy leasing growth and steady demand-supply dynamics may reduce vacancy levels, though AI-led disruptions and geopolitical risks remain concerns

Lloyds Metals zooms 79% from February low; should you buy, hold or sell?

Choice Broking maintains a 'BUY' rating and says Lloyds Metals is structurally shifting from a pure mining play to a higher-margin, integrated metals platform.

Tyre, auto-component firms hint at fresh price hikes amid input cost rise

Tyre and auto-component makers raise prices as raw material and energy inflation erodes margins

West Asia conflict to shave 200 bps off India Inc's margins in FY27

A prolonged West Asia conflict could reduce India Inc's operating profitability by 200 basis points in FY27, according to a Crisil Ratings stress test

Road InvIT AUM to grow by 30% to ₹3.9 trillion in FY27: Crisil Ratings

Crisil says toll road monetisation by NHAI and HAM asset sales will continue driving growth in road sector infrastructure investment trusts

Passenger vehicle sales seen hitting record 5.9 mn units in FY27: Crisil

Crisil Ratings expects India's passenger vehicle industry to post record sales this fiscal, supported by GST-led demand recovery and continued preference for utility vehicles

Organon deal impact: Sun Pharma surges 16% in 10 days, nears record high

Sun Pharma's acquisition of Organon as a transformational deal, doubling revenue to USD 12 billion with 30 per cent EBITDA margin, analysts.

ECL shift may hit banks' CET-1, raise credit costs in initial years: Report

RBI's new expected credit loss framework may lower CET-1 ratios and increase provisioning in early years, though banks are likely to absorb the impact over time

Bank borrowings to dominate NBFC funding mix in FY27: CRISIL Ratings

Share of bank loans in NBFC borrowings is expected to rise further in FY27 as bond yields stay elevated and external commercial borrowings remain muted amid volatility