Satin Creditcare Network Limited has informed the Exchange about Credit Rating
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Awaiting price reaction for this filing.
Infomerics Valuation and Rating has assigned an IVR A/Stable (Single A with stable outlook) rating to Satin Creditcare Network's proposed Non-Convertible Debentures of Rs 750 crore. This is a fresh rating for a new NCD issuance, indicating adequate safety and low credit risk. The company's consolidated AUM grew ~8% to Rs 12,784 crore in FY25, supported by comfortable capitalisation (CRAR 25.85% standalone). However, profitability took a hit with standalone PAT falling sharply from Rs 423 crore to Rs 217 crore due to higher credit costs of 4.6% and provisions of Rs 503 crore amid MFI industry headwinds. Gross NPA worsened to 3.70% from 2.49%, though the company maintains strong liquidity of Rs 1,375 crore and a diversified resource profile across 29 states.
The investment-grade rating enables the company to raise Rs 750 crore through NCDs for general corporate purposes and refinancing, which is a positive funding milestone. However, the sharp drop in profits and rising NPAs in the microfinance segment may temper investor sentiment on the stock.