Netweb Technologies India Limited — Credit Ratings, 20-06-2025: Credit Rating

CRISIL has upgraded Netweb Technologies India Limited’s long-term and short-term bank loan ratings to 'CRISIL A/Stable' and 'CRISIL A1' from 'CRISIL A-/Stable' and 'CRISIL A2+', respectively. This reflects sustained business growth with a ~70% CAGR in revenue over four years, reaching Rs 1,149 crore in fiscal 2025, supported by strong order books and product diversification, especially in AI infrastructure. The company's strong financial risk profile is marked by nil gearing, a TOL/TNW ratio of 0.7x, robust interest coverage over 34x, and healthy liquidity with Rs 170 crore in unencumbered cash. The upgrade should improve investor confidence and lower the company’s cost of borrowing, enhancing its financial flexibility amid working capital-intensive operations and competitive pressures.