Tourism Finance Corporation of India Limited has informed the Exchange about Credit Rating
TFCILTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.9 pts less than Nifty Microcap 250 and 0.9 pts less than its Financial Institution peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Infomerics has upgraded TFCI's long-term credit rating on its bank term loan facilities from IVR A+/Stable to IVR AA-/Stable, while assigning the same IVR AA-/Stable rating to its Rs 175 crore Non-Convertible Debentures. The Rs 100 crore Commercial Paper programme was reaffirmed at the highest short-term rating of IVR A1+. Total rated facilities amount to Rs 575 crore. The upgrade is backed by a sharp improvement in asset quality, with Gross NPA falling to 0.38% in 9MFY26 from 3.22% in FY25, Net NPA dropping to 0%, and AUM growing to Rs 2,036 crore from Rs 1,694 crore a year earlier. Profit after tax rose 24% year-on-year to Rs 91.44 crore in 9MFY26, while capital adequacy remained robust at 58.13% CRAR with low gearing of 0.75x. The rating outlook is Stable.
This one-notch upgrade signals stronger creditworthiness and could help TFCI secure lower borrowing costs on future debt issuances. For shareholders, the rating action reflects materially improved business fundamentals, especially the clean-up in stressed assets, which is likely to support investor confidence in the stock.