ScoutQuest9 Oct 2026
Indian Hotels Company500850Credit rating upgrade

CARE AAA; Stable upgraded from CARE AA+; Stable on Rs.393.00 crore of IHCL bank facilities, CARE A1+ reaffirmed

393.00 (Rs Crs)Rated amount - long-term/short-term bank facilities
Non-fund-based facilities amount outstanding280.00 (₹ crore)
Fund-based facilities amount outstanding113.00 (₹ crore)
Rated amount - long-term/short-term bank facilities 393.00 (Rs Crs): Non-fund-based facilities amount outstanding 280.00 (₹ crore), Fund-based facilities amount outstanding 113.00 (₹ crore).
Rating Action
CARE AAA; Stable / CARE A1+ (LT upgraded from CARE AA+; Stable; ST CARE A1+ reaffirmed)
Long-term Bank Facilities
Rs.393.00 crore
Growth Metrics
revenue up over 3x in four years, 16.3% y-o-y FY26 growth
Agency
CARE Ratings Limited
Action
Upgraded

CARE AAA; Stable upgraded from CARE AA+; Stable on Rs.393.00 crore of IHCL bank facilities, CARE A1+ reaffirmed.

CARE AAAUpgraded · CARE Ratings Limited
PreviouslyCARE AA+NowCARE AAA
Upgraded by CARE Ratings Limited · CARE AA+ to CARE AAA · outlook Stable.
Debentures withdrawn Withdrawn
Rating assigned in 2024-2025 CARE AA+; Stable / CARE A1+
Previous rating assigned CARE AA+; Stable / CARE A1+
CARE rating release date
Debentures withdrawn 4 Oct 2023 · Rating assigned in 2024-2025 25 Sep 2024 · Previous rating assigned 1 Dec 2025 · CARE rating release date 9 Oct 2026
More numbers
  • Rated amount - long-term/short-term bank facilities393.00 (Rs Crs)
  • Fund-based facilities amount outstanding113.00 (₹ crore)
  • Non-fund-based facilities amount outstanding280.00 (₹ crore)
  • Total operating income FY269689.89 (₹ crore)
  • PBILDT margin FY2633.02%
  • Consolidated net worth as on March 31, 2026₹13,110 crore
  • RevPAR FY26₹14,398
  • Cash and cash equivalents as on March 31, 2026₹4,325 crore
Source: BSE · 9 Oct 2026

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