Crisil Upgrades Netweb Technologies’ Credit Rating On Improved Business Profile

Netweb Technologies India Ltd. on Friday said Crisil Ratings has upgraded its long-term credit rating to ‘A’ from ‘A-’ and short-term rating to ‘A1’ from ‘A2+’, with a stable outlook on both, citing the company’s improving business and financial risk profile.

The upgrade reflects Netweb’s healthy scalability, stable operating margins, and strong liquidity position with minimal dependence on external debt, the company said in an exchange filing. Crisil highlighted Netweb’s promoter experience, established client relationships, and strong order book as key positives.

As of March, Netweb’s confirmed order book stood at ₹3.25 billion, with an additional ₹3.62 billion in L1 bids. Crisil noted that this provides solid medium-term revenue visibility but also flagged the need to monitor working capital management and competition.