Announced Fri, 17 Apr · 21:39 IST
India Ratings affirms BBB-/Stable on NCDs, bank loans; assigns new NCD rating
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+3.9%1-day move
₹64.99
prior close
₹64.99
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+4.6+2.5+4.6+0.0+3.9+4.4+4.7+4.3+3.9+6.2+7.4+3.1+2.3+7.1
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AI summary
India Ratings affirmed IND BBB-/Stable on Purple Finance's existing NCDs (INR 500M) and bank loan facilities (INR 1,250M), and assigned IND BBB-/Stable to a new NCD of INR 500M (yet to be issued). PFL is an NBFC offering secured MSME loans; AUM grew to INR 2,490M (Mar 2026) with Tier 1 CAR of 38.8% and GNPA at 1.28%. However, it posted a loss of INR 64.5M in 9MFY26 and expects break-even only in FY27.
Likely market impact
Rating affirmed at lowest investment grade — no credit change. Company still loss-making with growth-phase risks; break-even targeted FY27.