Submission of Intimation regarding Rating assigned on 07.04.2026
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JMJ Fintech Limited, a RBI-registered NBFC based in Coimbatore, has received its first credit rating from Acuite Ratings & Research. The company has been assigned Acuite BB (Stable) for its proposed Rs. 25 crore long-term bank facilities. The rating reflects strong business growth in FY25, with total income more than doubling to Rs. 15.56 crore from Rs. 6.62 crore, and PAT improving to Rs. 5.17 crore from Rs. 2.14 crore. However, asset quality has deteriorated, with Gross NPA rising to 5.04% in FY25 from 3.52% in FY24. The company's capital adequacy remains comfortable at 80.13% CAR with gearing of 0.89x. The BB rating is in the sub-investment grade category.
The BB rating indicates higher credit risk, meaning the company faces tighter borrowing costs and may find it harder to access credit markets. Deteriorating asset quality (GNPA at 5.04%) is a concern for lenders and investors, though strong profitability and capital buffers provide some support.