LIVE - Auto-updated every 10 mins · Equity segment
Company Filings, Explained Simply
AI-powered plain-English analysis of every important corporate announcement - financial results, order wins, dividends, mergers and more. Updated live.
-
Filed today
-
Companies tracked
NSE & BSE
Listed on
👋Welcome back, there - you're tracking 0 companies
🔔Sign in free to track companies and get alerts the moment they file
Sign in free to search by company
Filing Type
Market Cap
Sector
All Sectors
Latest Filings -
📋 Filing Types Available on ForgeUp Filings
Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
The company's bank loans of Rs 47 crore have been rated 'B+/Stable' by CRISIL, indicating its creditworthiness.
🤖 AI Summary
CRISIL assigned 'Crisil B+/Stable' rating to Jagatjit Industries' Rs 47 Crore bank facilities.
Rating reflects distillery industry regulatory risks and the company's weak financial profile.
Promoter experience of over 17 years in the food and beverage industry is a strength.
Company reported Rs 254 crore revenue in fiscal 2026 and a new ethanol business segment.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Total Bank Loan Facilities
Rs.47 Crore
Revenue in fiscal 2026
Rs 254 crore
High Gearing
3.94 times
TOLANW Ratio
8.97 times
Current Ratio
0.5 time
Average Bank Limit Utilisation
92.36%
🏢 How This Affects the Company
📈
Business Impact
The rating assigns an external assessment of creditworthiness, which can influence future borrowing costs and terms. The mention of a new ethanol business segment indicates diversification efforts.
💰
Financial Impact
The assigned rating reflects a weak financial risk profile, characterized by high gearing of 3.94 times and total outstanding liabilities to adjusted networth of 8.97 times as of March 31, 2026. The company's current ratio was low at 0.5 time.
⚙️
Operational Impact
No direct operational impact is indicated by the credit rating change itself.
⚠️
Risk Impact
The rating explicitly highlights regulatory risk in the distillery industry and the company's weak financial risk profile as key rating drivers.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders based on this credit rating announcement.
👤
Who Is Affected
All shareholders are indirectly affected as the rating impacts the company's borrowing capacity and financial standing.
🔍
Management Signal
Management is seeking external validation of creditworthiness, while acknowledging and seeking to address the company's financial weaknesses.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List - track these upcoming events
FY27 results for margin improvement to 3-4%
Commentary on ethanol business segment performance
Updates on debt repayment progress against cash accruals
HIGH RISKWeak financial risk profile, high gearing, and industry regulatory uncertainties.
💡 Investor Takeaway
Jagatjit Industries' Rs 47 Crore bank debt has been assigned a 'Crisil B+/Stable' rating, acknowledging promoter experience but highlighting a weak financial risk profile with high gearing and low current ratio.
⚖️ Strengths & Concerns
✅ Positives
Extensive industry experience of the promoters, with over 17 years in the food and beverage sector.
Diversified business profile with Rs 254 crore revenue in FY2026, including IMFL and malt extract sales.
⚠️ Concerns
High gearing of 3.94 times and TOLANW ratio of 8.97 times as of March 31, 2026.
Low current ratio of 0.5 time as of March 31, 2026, indicating stretched liquidity.
❓ Frequently Asked Questions
What credit rating has been assigned to Jagatjit Industries' bank facilities?
CRISIL has assigned 'Crisil B+/Stable' ratings to Jagatjit Industries' bank facilities amounting to Rs 47 Crore.
What are the main strengths cited in the credit rating rationale?
The key strengths include the promoters' extensive industry experience of over 17 years and a diversified business profile.
What are the key weaknesses highlighted by CRISIL for Jagatjit Industries?
Weaknesses include regulatory risk in the distillery industry and a weak financial risk profile, with high gearing and a low current ratio.
What was Jagatjit Industries' revenue in fiscal 2026?
Jagatjit Industries reported revenue of over Rs 254 crore in fiscal 2026.
What is the outlook for Jagatjit Industries according to the credit rating?
The outlook is 'Stable', with CRISIL expecting the group to benefit from promoter experience and client relationships.
Questions based on this BSE filing only. For information purposes.
All BSE filings we have analysed for Jagatjit Industries Ltd.
You've read one filing
There are 32,000 more, and one of them is about a company you own
Follow a company and we'll email you the moment it files
again - explained, not just forwarded. Free.
Follow companies and get filings by email
Save any filing to read later
Two full AI analyses every month, free
No card needed. Sign in with Google in two taps.
⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
🔖
Save filings you care about
Sign in free to save any filing and get notified when the same company files again.
🔖
Save This Filing
Sign in with Google to save this filing and get notified when this company files again. Free, takes 5 seconds.
🔍
Sign in to use filters
Sign in free with Google to filter filings by category, market cap and sector - takes 5 seconds.