KSR Footwear Ltd shares fall 2.43% as India Ratings & Research revises credit rating on bank loan facilities
Why did KSR Footwear Ltd shares fall today?
KSR Footwear Ltd shares fell by 2.43% today, trading at ₹36.1 as of Tuesday, 02:43 PM. The decline came despite the company receiving a positive update from India Ratings & Research regarding its credit rating on bank loan facilities. The drop suggests that investors may have been expecting an even stronger rating action, or broader market sentiment may have weighed on the stock today.
The news behind the stock movement relates to the company's disclosure under Regulation 30 of the SEBI Listing Regulations, filed on October 13, 2026. India Ratings & Research, in its letter dated October 12, 2026, upgraded KSR Footwear's long-term rating on bank loan facilities of ₹320 million to IND BB+ with a Stable outlook, while the short-term rating was affirmed at IND A4+. Additionally, the agency assigned a new rating of IND BB+/Stable to further bank loan facilities amounting to ₹40 million, bringing the aggregate bank loan facilities under review to ₹360 million.
While the upgrade from India Ratings is generally seen as a positive development, the stock's decline of 2.43% could be attributed to several factors. The rating of IND BB+ still falls in the below-investment-grade category, which may not have met investor expectations for a more significant upgrade. Additionally, investors might be cautious about the company's financial health, or the stock could have been under selling pressure due to profit booking following recent gains. The market often reacts not just to the news itself, but to how it aligns with prior expectations, and in this case, the modest nature of the upgrade may have disappointed some shareholders.
What does KSR Footwear Ltd do?
KSR Footwear Ltd is a publicly listed company in India, trading on both the BSE Limited and the National Stock Exchange of India under the symbol KSR and Scrip Code 544615. The company operates in the footwear sector, as reflected in its corporate identity, and maintains bank loan facilities aggregating INR 360 Million, demonstrating its engagement with institutional financing arrangements to support its business operations.
As part of its financial and regulatory obligations, KSR Footwear Ltd has had its bank loan facilities evaluated by India Ratings & Research, which assigned a long-term rating of IND BB+/Stable (upgraded) on INR 320 Million in facilities along with a short-term rating of IND A4+ (affirmed), and an additional INR 40 Million in facilities rated IND BB+/Stable (newly assigned). This reflects the company's active management of credit relationships and its commitment to transparency with regulatory authorities in India.
KSR Footwear Ltd Financials
In CroresKSR Footwear Ltd reported a revenue of ₹60.29 Crores in the quarter ending March 2026, which declined to ₹52.25 Crores in the June 2026 quarter, representing a quarter-on-quarter decrease of approximately 13.3%. The company's profit followed a more pronounced downward trend, dropping sharply from ₹5.07 Crores in March 2026 to just ₹0.32 Crores in June 2026, a decline of over 93%. While the revenue dip was moderate, the significant compression in profitability suggests that the company faced increased costs, margin pressures, or lower operating efficiency in the June 2026 quarter compared to the preceding one. The net profit margin contracted substantially from roughly 8.4% in March 2026 to under 1% in June 2026, indicating a challenging operational environment during the later period.
KSR Footwear Ltd Shareholding Pattern
Promoter holding stands at 60.94% of the total share capital. Foreign Institutional Investors (FIIs) hold 0.0% stake in the company, while Domestic Institutional Investors (DIIs) hold 0.0%. Public shareholders hold the remaining 39.07% stake in KSR Footwear Ltd.
KSR Footwear Ltd FAQs
Q: Why did KSR shares fall 2.43% today?
Credit Rating from India Ratings & Research on Bank Loan Facilities. This corporate action caught investor attention, leading to increased trading activity in the stock.
Q: What is the shareholding pattern of KSR Footwear Ltd?
As per the latest data, promoters hold 60.94% stake in KSR Footwear Ltd, while FII holding stands at 0.0%. Domestic institutional investors hold 0.0%, and public shareholders account for 39.07% of the equity.
Q: What is the current stock price of KSR Footwear Ltd?
KSR Footwear Ltd shares are currently trading at ₹36.1, recording a decline of 2.43% from the previous close.
Q: What is the market capitalization of KSR Footwear Ltd?
The company currently has a market capitalization of ₹66.35 crore, reflecting its valuation in the Indian equity market.