Monarch Networth Capital Limited has informed the Exchange about Credit Rating withdrawal of Infomerics Valuation and Rating Private Limited pursuant to full redemption of unlisted commercial paper
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Monarch Networth Capital has had its short-term credit rating (IVR A1, the highest short-term grade) formally withdrawn by Infomerics Valuation and Rating. This was done at the company's own request because all its commercial papers have been fully redeemed, with no outstanding amount as of June 30, 2025. The company's total debt has dropped sharply from Rs. 112.97 crore in FY24 to just Rs. 9.20 crore in FY25, while net worth more than doubled from Rs. 344.79 crore to Rs. 795.79 crore. Profit after tax also rose from Rs. 123.14 crore to Rs. 149.27 crore, with overall gearing falling to nearly zero (0.01x from 0.33x). This is a routine rating withdrawal, not a downgrade — the company simply has nothing left to rate.
Positive for shareholders. Monarch has cleaned up its balance sheet by fully repaying all commercial paper borrowings and is now essentially debt-free with a strong net worth. The rating withdrawal reflects a healthy financial position rather than any credit concern, and should reassure investors about the company's liquidity and financial discipline.