Akme Fintrade (India) Limited has informed the Exchange about Credit Rating- New
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Acuité Ratings has reaffirmed Akme Fintrade's long-term bank loan rating at BBB+ with a Stable outlook on Rs. 180 crore of facilities and assigned the same BBB+ (Stable) rating to a new Rs. 100 crore non-convertible debenture (NCD) issue, taking the total rated quantum to Rs. 280 crore. The reaffirmation follows a prior upgrade from BBB to BBB+ in May 2025, supported by the FY25 IPO which lifted networth to Rs. 382 crore and brought gearing down to 0.74x from 0.92x. Financial performance improved notably, with profit after tax nearly doubling to Rs. 33.23 crore, gross NPA falling to 2.77% (from 3.63%), and collection efficiency rising to 91.18% (from 83.61%). The NBFC also revamped its top management with a new CEO, COO, and CRO, and launched a digital lending platform called 'AASAANLOANS'. The main risk flagged is high geographical concentration, with nearly 64% of the portfolio coming from Rajasthan.
The investment-grade BBB+ rating and fresh Rs. 100 crore NCD headroom should support Akme Fintrade's borrowing costs and growth plans, which is positive for shareholders, though the heavy Rajasthan concentration remains a key risk to monitor.