Ugro Capital Limited — Credit Ratings, 14-05-2025: Credit Rating

Acuite Ratings has withdrawn the long-term rating on UGRO Capital’s Rs. 3.24 Cr Pass Through Certificates as the instrument is fully paid, while affirming the standalone rating at ACUITE A with a stable outlook. UGRO Capital reported total assets of Rs. 9,168 Cr and a PAT of Rs. 144 Cr, alongside improved gross and net NPA ratios of 2.35% and 1.32%, respectively. The rating withdrawal pertains only to the closed instrument and does not impact the company’s overall credit profile. The stable rating supports steady borrowing costs and maintains investor confidence in UGRO’s financial position.