TruCap Finance Ltd

📉 TruCap Finance Faces Credit Downgrade & Rising Financial Strain

- Credit rating downgraded to IVR D by Infomerics Valuation and Rating.

- Defaulted on ₹45.12 Cr principal + ₹0.48 Cr interest (due Sep 30, 2025).

- Additional default on ₹0.58 Cr unlisted NCD (principal + interest) to Incred Credit Opportunities Fund.

- Outstanding borrowings: ₹277.89 Cr; total financial indebtedness: ₹314.82 Cr.

- Negative PAT of ₹66.61 Cr in FY25 vs. ₹11.71 Cr profit in FY24.

- Gross NPA up to 3.69% (FY25) from 1.33% (FY24); Net NPA at 2.17% vs. 0.83%.

- Poor liquidity with delayed debt servicing, raising refinancing risks.

- Rating reflects reliance on external funding for debt obligations.