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The latest announcement is out from Allcargo Logistics Limited ( (IN:ALLCARGO) ).
Allcargo Logistics Limited has received a fresh credit assessment from CARE Ratings, which assigned a CARE A-; Stable rating to its Rs 33 crore long-term bank facilities. The rating agency also reaffirmed CARE A-; Stable / CARE A2 for the company’s long-term and short-term bank facilities, with the sanctioned amount for these facilities raised to Rs 260 crore from Rs 255 crore.
The confirmation and slight enhancement of bank facilities suggest lenders’ continued confidence in Allcargo’s operational and financial profile based on its audited FY25 and unaudited 9MFY26 performance. This ratings outcome should help the company maintain access to competitively priced bank funding, supporting its liquidity position and future growth plans in the logistics sector.
More about Allcargo Logistics Limited
Allcargo Logistics Limited is an India-based logistics company offering long-term and short-term bank-funded services to support its freight and supply chain operations. Listed on the BSE and NSE under the symbol ALLCARGO, the company operates from its Mumbai headquarters and serves domestic and international logistics markets through diversified financing facilities.
Average Trading Volume: 428,125
Technical Sentiment Signal: Sell
Current Market Cap: 12.15B INR
For detailed information about ALLCARGO stock, go to TipRanks’ Stock Analysis page.