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India Glycols updates credit rating after restructuring

after close1 source ↓written by the desknot a recommendation

by FY27
2.5x-3.0x

India Glycols Limited (IGL) announced that CARE Ratings has reviewed its credit facilities following a proposed scheme of arrangement. Key facilities remain on ‘Rating Watch with Developing Implications’. The company anticipates its net debt to PBILDT ratio to decline to 2.5x-3.0x by FY27, aided by business restructuring and consistent profitability.

The restructuring involves demerging its biofuel and potable spirits units into IGL Spirits Limited and the bio-pharma unit into Ennature Bio Pharma Limited. The non-fund-based LT-Bank Guarantee rating was withdrawn, indicating a shift in financial strategy.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 11 Mar 2026, 16:08 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

IGL closed −0.5% on the day of the news, from ₹162.67 to ₹161.91; Nifty −0.9% over the same session.

Bulletin at 16:08 IST on 11 Mar 2026. Every change is measured from ₹162.67, the last close before it, on 11 Mar. Nifty 50 is measured over the same sessions.

  • IGL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
IGL closes around the bulletin against the close before the news, with Nifty 50 rebased to it147.87162.62177.38axis spans 20%before the news · 11 Mar162.67Nifty 50IGLbulletinD0+1+3+55 Mar17 Mar27 MarReference close ₹162.67. 16 sessions from 5 Mar to 27 Mar; the price axis spans 20 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before11 Mar₹162.67basebase
On the day12 Mar₹161.91▼ −0.5%▼ −0.9%+0.5 pp difference
+1 session13 Mar₹156.51▼ −3.8%▼ −3.0%−0.8 pp difference
+3 sessions17 Mar₹156.82▼ −3.6%▼ −1.2%−2.4 pp difference
+5 sessions19 Mar₹153.69▼ −5.5%▼ −3.6%−1.9 pp difference
Gap at the open, % · ₹
▲ +1.1%+1.72 on 12 Mar
Day's range, % · ₹
4.3%≈ 7.0 high to low
Volume on the day
1.90×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
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