Credit Rating
NETWEB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
CRISIL Ratings has upgraded Netweb Technologies' long-term rating to 'Crisil A+/Stable' from 'Crisil A/Stable', while reaffirming the short-term rating at 'Crisil A1'. The rated bank loan facilities have been enhanced significantly from Rs. 260 crore to Rs. 700 crore. The upgrade reflects sustained business growth with ~70% CAGR in revenue over three fiscals through 2026, reaching ~Rs 2,183 crore. The company has a healthy order book of Rs 2,098 crore and strong financial metrics including networth of Rs 720.9 crore and interest coverage ratio of 22.4 times. The ratings also reflect the company's strong market presence in HPC, storage, and cloud segments, and its established relationships with key clients like ISRO, IIT, and major IT companies.
The rating upgrade signals improved creditworthiness and financial health of the company. Enhanced borrowing capacity at better terms will support business growth. Shareholders should view this positively as it indicates stronger fundamentals and lower credit risk.