ScoutQuest12 Oct 2026
Nova Agritech544100Credit rating downgrade

CARE BBB-; Stable assigned to Nova Agritech's Rs.30.99 crore long-term bank facilities, downgraded from CARE BBB; Negative

30.99 (₹ crore)Long-term bank facilities rated amount
Fund-based LT-Cash Credit size of issue30.00 (₹ crore)
Fund-based LT-Term Loan size of issue0.99 (₹ crore)
Long-term bank facilities rated amount 30.99 (₹ crore): Fund-based LT-Cash Credit size of issue 30.00 (₹ crore), Fund-based LT-Term Loan size of issue 0.99 (₹ crore).
Rating Action
CARE BBB-; Stable (downgraded from CARE BBB; Negative)
Rated Facilities
Rs.30.99 crore long-term bank facilities
Operating Cycle
295-day operating cycle
Agency
CARE Ratings Limited
Action
Downgraded

CARE BBB-; Stable assigned to Nova Agritech's Rs.30.99 crore long-term bank facilities, downgraded from CARE BBB; Negative.

295 days+35.9%
FY25217 daysFY26295 days
Operating cycle: 217 days (FY25) and 295 days (FY26).
CARE BBB-Downgraded · CARE Ratings Limited
PreviouslyCARE BBBNowCARE BBB-
Downgraded by CARE Ratings Limited · CARE BBB to CARE BBB- · outlook Stable.
Sale of bio-stimulants discontinued
Bio-stimulant products approved 43 products, valid up to September 29, 2029
Previous rating letter No. CARE/HRO/RL/2026-27/1328
Rating letter
Sale of bio-stimulants discontinued 17 Jun 2025 · Bio-stimulant products approved 21 Jan 2026 · Previous rating letter 1 Oct 2026 · Rating letter 12 Oct 2026
More numbers
  • Long-term bank facilities rated amount30.99 (₹ crore)
  • Fund-based LT-Cash Credit size of issue30.00 (₹ crore)
  • Fund-based LT-Term Loan size of issue0.99 (₹ crore)
  • Consolidated total operating income FY26261.59 (₹ crore)
  • Consolidated total operating income FY25294.13 (₹ crore)
  • PBILDT margin FY2610.45%
  • PBILDT margin FY2514.51%
  • Operating cycle FY26295 days
  • Operating cycle FY25217 days
Source: BSE · 12 Oct 2026

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