Navneet Education Limited Receives Credit Rating Reaffirmation from CARE Ratings
Navneet Education Limited received credit rating reaffirmation from CARE Ratings Limited on January 28, 2026. The rating agency maintained CARE AA; Stable/CARE A1+ for Rs. 450.00 crore Long Term/Short Term Bank Facilities and CARE A1+ for Rs. 2.00 crore Short Term Bank Facilities. The reaffirmation was based on the company's operational and financial performance for FY25 and H1FY26, with total rated facilities of Rs. 452.00 crore distributed across multiple banking partners including ICICI Bank, Axis Bank, Kotak Mahindra Bank, Standard Chartered Bank, HDFC Bank, and Qatar National Bank.
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Navneet Education Limited has received reaffirmation of its credit ratings from CARE Ratings Limited, maintaining strong creditworthiness indicators for its banking facilities. The rating agency communicated its decision through letter number CARE/HO/RL/2025-26/4537 dated January 28, 2026, following a comprehensive review of the company's recent operational and financial performance.
Credit Rating Details
CARE Ratings Limited reaffirmed the credit ratings for Navneet Education's bank facilities based on the company's performance for FY25 (Audited) and H1FY26 (Unaudited). The rating committee maintained its assessment across two facility categories:
| Facilities | Amount (Rs. crore) | Rating | Rating Action |
|---|---|---|---|
| Long Term/Short Term Bank Facilities | 450.00 | CARE AA; Stable/CARE A1+ | Reaffirmed |
| Short Term Bank Facilities | 2.00 | CARE A1+ | Reaffirmed |
The total rated facilities amount to Rs. 452.00 crore, demonstrating the company's substantial banking relationships and financial capacity.
Banking Partner Distribution
Navneet Education maintains diversified banking relationships across multiple financial institutions. The Long Term/Short Term facilities of Rs. 450.00 crore are distributed among several prominent banks:
| Bank/Lender | Rated Amount (Rs. crore) |
|---|---|
| ICICI Bank Ltd. | 85.00 |
| Axis Bank Ltd. | 80.00 |
| Kotak Mahindra Bank Ltd. | 75.00 |
| Standard Chartered Bank | 70.00 |
| HDFC Bank Ltd. | 70.00 |
| Qatar National Bank Ltd. | 50.00 |
| Proposed | 20.00 |
Additionally, ICICI Bank Ltd. provides the Short Term facilities worth Rs. 2.00 crore under non-fund based limits.
Rating Significance
The CARE AA rating indicates high degree of safety regarding timely servicing of financial obligations, with very low credit risk. The stable outlook suggests that the rating is unlikely to change in the near term. The A1+ rating for short-term facilities represents the highest degree of safety regarding timely payment of financial obligations.
CARE Ratings emphasized that these ratings reflect opinions on the likelihood of timely payment of obligations and are not recommendations for banking decisions. The rating agency reserves the right to undertake surveillance and review of the ratings periodically, with at least one review annually.
Regulatory Compliance
Navneet Education disclosed this credit rating reaffirmation in compliance with Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's communication was signed by Company Secretary Amit D. Buch and addressed to both the National Stock Exchange of India Limited and Bombay Stock Exchange Limited.
The rating reaffirmation provides stakeholders with continued confidence in Navneet Education's financial stability and creditworthiness, supporting the company's ongoing business operations and growth initiatives.
Historical Stock Returns for Navneet Education
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +7.41% | +4.74% | +1.50% | -2.72% | +6.06% | +78.59% |
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