📈 Live Market Tracking
Every NSE and BSE corporate filing, read and explained by AI within minutes — impact, key figures, short/long-term view and what to watch.
Live · AI analyzer runs every 5 min (07:00–23:55 IST)
Latest filing: 2026-08-01 20:07
0 analysed today
FollowTelegram
0
Today
151,853
All-time analysed
43,533
Positive
6,742
Negative
92,741
Neutral
8,769
Watch
📊 Last 7 days — analysed filings by sentiment
Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
1 announcement match the current filters (relevance ≥ 5).
CRISIL assigns BBB/Stable rating to Rs 75 Cr bank facilities; Order book at Rs 146 Cr
CRISIL has assigned a first-time 'BBB/Stable' long-term and 'A3+' short-term rating to Apex Ecotech's Rs 75 crore bank facilities. The rating is supported by a robust unexecuted order book of Rs 146 crore as of July 2026, which provides strong revenue visibility. The company's estimated FY26 revenue grew 109% YoY to Rs 148.66 crore, while maintaining a very low debt-to-equity ratio of 0.02. Liquidity is considered adequate with a current ratio of 4.4 times and cash balances of Rs 12 crore.
Confidence: HIGH
What changedCRISIL has assigned formal investment-grade credit ratings to the company's bank debt for the first time.
Why it mattersA formal credit rating improves the company's ability to secure bank guarantees and working capital limits necessary for bidding on larger water treatment projects, while validating its financial health to stakeholders.
Rated Bank Facilities: Rs 75 CroreOrder Book: Rs 146 CroreFY26 Est. Revenue: Rs 148.66 CroreOrder Book vs FY26 Revenue: 98.2%Interest Coverage: 110.83 times
📅 Short termPositive sentiment expected as the rating confirms 'Stable' outlook and 'Adequate' liquidity for the scaling business.
📈 Long termStructural positive; the rating facilitates access to the capital required to sustain the company's 50% targeted growth rate in the ZLD and wastewater treatment sector.
⚠ Risk flags
- Susceptibility to tender-based operations
- Moderately high working capital requirement
- Highly competitive industry
Key Highlights
CRISIL BBB/Stable and A3+ ratings assigned to Rs 75 crore total bank loan facilities.
Unexecuted order book stands at Rs 146 crore as of July 1, 2026, providing nearly 100% revenue visibility against FY26 estimates.
Estimated FY26 revenue increased to Rs 148.66 crore from Rs 70.97 crore in FY25.
Working capital efficiency improved with Gross Current Asset (GCA) days reducing to 137 days from 237 days YoY.
Net worth increased to Rs 63 crore in FY26 from Rs 46.23 crore in FY25, aided by SME-IPO proceeds.
👀 What to Watch
Monitor the company's ability to maintain operating margins (currently ~14.7%) and further reduce working capital cycles as it executes larger turnkey projects.
