Key Metrics of Repco Micro Finance Ltd
About Repco Micro Finance Ltd
Sectors
Company details
- Registered office
- Repco Tower 33 North Usaman Road T Nagar, Chennai, In-tn, 600017
Operational Areas of Repco Micro Finance Ltd
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
Sign in to continue See plans & pricingFiling compliance
Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
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Credit ratings
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 27 Apr 2026 | ICRA | Reaffirmed | A- | — | Stable | ₹800 Cr | View |
| 28 Mar 2025 | CARE | Reaffirmed | BBB+ | — | Stable | — | View |
| 29 Mar 2024 | CARE | Reaffirmed | BBB+ | — | Stable | ₹400 Cr | View |
| 04 Sep 2023 | CARE | Reaffirmed | BBB+ | — | Stable | ₹400 Cr | View |
| 09 Jan 2023 | CARE | Reaffirmed | BBB+ | — | Stable | ₹800 Cr | View |
| 01 Feb 2022 | CARE | Reaffirmed | BBB+ | — | Stable | ₹800 Cr | View |
| 05 Jan 2022 | CARE | Reaffirmed | BBB+ | — | Stable | ₹800 Cr | View |
| 16 Mar 2021 | CARE | Other | — | — | — | — | View |
| 12 Mar 2020 | CARE | Other | — | — | — | ₹400 Cr | View |
| 14 Feb 2019 | CARE | Reaffirmed | BBB+ | — | Stable | ₹400 Cr | View |
Credit strengths (ICRA, Apr 2026)
+ Extensive track record and support from shareholders
RMFL was incorporated as a non-banking financial company (NBFC) 2 in 2010 and obtained a microfinance licence in 2013.
+ Comfortable capitalisation profile
RMFL’s capitalisation profile remains comfortable with a CRAR of 34.4% as of December 2025, increasing from 27.0-30.7% during FY2021-FY2024.
+ Adequate asset quality performance
RMFL’s 90+ dpd was 2.2% of the loan portfolio as of December 2025 (1.6% as of March 2025) compared to 2.7% as of March 2024, as incremental slippages have remained under control.
Credit challenges
− Moderate scale and geographically concentrated operations
RMFL obtained an NBFC-microfinance institution (NBFC-MFI) licence in 2013 and has a track record of over 11 years.
− Ability to manage risks associated with microfinance sector
The microfinance industry is prone to socio-political and operational risks, which could negatively impact the financial performance of entities in this sector.
Could lead to an upgrade
The rating could be impacted positively if RMFL demonstrates a sustained portfolio growth and diversifies its geographical presence while maintaining good asset quality.
Could lead to a downgrade
Pressure on the rating could arise in case of a deterioration in the asset quality (90+ dpd of more than 5%) or/and a decline in the return on managed assets (RoMA) to less than 3% on a sustained basis.
Agency-reported financials (ICRA, 27 Apr 2026)
| Metric | FY2024 | FY2025 | 9M FY2026 |
|---|---|---|---|
| Total income | ₹247 Cr | ₹294 Cr | ₹231 Cr |
| Profit after tax | ₹68.00 Cr | ₹81.00 Cr | ₹64.00 Cr |
| Total managed assets | ₹1,371 Cr | ₹1,395 Cr | ₹1,475 Cr |
| Return on managed assets | 5.5% | 5.9% | 5.9% |
| Gearing (reported; times) | 2.30× | 1.90× | 1.70× |
| Gross stage | 2.7% | 1.6% | 2.2% |
| CRAR | 27.7% | 32.8% | 34.4% |
| Revenue growth (YoY) | — | 19.0% | — |
| PAT margin | 27.5% | 27.6% | 27.7% |
Borrowings & rated debt
Rated limits over time
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| reaffirmed Long-term fund-based bank facilities | Working capital & bank lines | ₹600 Cr | ₹800 Cr | 33.3% | A- (Stable) | Reaffirmed | ICRA |
CARE ratings on record (checked 30 Oct 2026)
| Instrument | Amount | Rating |
|---|---|---|
| Long Term | — | Withdrawn |
Credit assessment · Non-banking finance companies
Rating Methodology – Non-Banking Finance Companies (Feb 2025) · Standalone accounts · FY 2024-25
Ratios, pillar scores and the indicative rating are part of Premium.
Rating status
| Default | No default on record |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Next action stable or better (model) | 52% |
| Information on file | 22% · missing: Audited financial statements (last 18 months), Annual results history (3+ years), Liquidity position, Debt obligations and repayment schedule, Capex / investment plans, Auditor details, Shareholding pattern |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 54% chance the next rating action is stable or better
- Current rating A- (investment grade)
Rated limits by facility
Timeline
From the report
April 27, 2026 Repco Micro Finance Limited: Rating reaffirmed/assigned for enhanced limits Summary of rating action Previous rated amount Current rated amount Instrument* Rating action (Rs. crore) (Rs. crore) [ICRA]A- (Stable); reaffirmed/assigned for Long-term fund-based bank facilities 600.00 800.00 enhanced amount Total 600.00 800.00 *Instrument details are provided in Annexure II Rationale The rating reaffirmation considers Repco Micro Finance Limited’s (RMFL) track record of maintaining a prudent financial risk profile over the years.
From the report
RMFL has received equity support from the shareholders as required with Rs. 50 crore infused during FY2019- FY2022.
From the report
After checking the eligibility and verifying details, the loan is sanctioned by the credit officer at the head office (HO).
From the report
Loans are disbursed directly to the customer bank account.
From the report
ALM is adequate with availability of tenor matching facilities in line with the loans The company had ₹11 crore as bank balance and unavailed lines of credit amounting to ₹283 crore as on September 30, 2024.
From the report
After checking the eligibility and verifying all the details, the loan is sanctioned by the credit officer at the head office (HO).
From the report
Loans are disbursed directly to the customer bank account.
From the report
After checking the eligibility and verifying all the details, the loan is sanctioned by the credit officer at the head office (HO).
From the report
Loans are disbursed directly to the customer bank account.
From the report
The average utilisation of overdraft Limit over the last 12 months ended June 30, 2023 stood at 20%.
From the report
After checking the eligibility and verifying all the details, the loan is sanctioned 1Complete definition of the ratings assigned are available at www.careedge.in and other CARE Ratings Ltd.’s publications 1 CARE Ratings Ltd.
From the report
Loans are disbursed directly to the customer bank account.
From the report
Repco Bank and RHFL infused equity of Rs.30 crore (Rs.20.40 crore in Q4FY21 from Repco Bank and Rs.9.60 crore in Q1FY22 from RHFL) to the extent of maintaining shareholding of 68% and 32% respectively.
From the report
The company had Rs.20 crore as bank balance as on September 30, 2022 and Un-availed term loans of Rs.150 crore.
From the report
After verifying all the details, the loan is sanctioned by the credit officer at the HO.
From the report
Loans are disbursed when the borrowers are present in the branch.
From the report
Both Repco Bank and RHFL infused an equity of Rs.30 crore (Rs.20. 40 crore in Q4FY21 from Repco Bank and Rs.9.60 crore in Q1FY22 from RHFL) to the extent of maintaining sharehold ing of 68% and 32%, respectively.
From the report
Cash and bank balance as on September 30, 2021 was around Rs.14 croreand the unutilised overdraft limit stood at Rs.78 crore.
From the report
After verifying all the details, loan is sanctioned by the credit offic er at HO.
From the report
Loans are disbursed when the borrowers are present in the branch.
From the report
Both Repco Bank and RHFL infused equity of Rs.30 crore (Rs.20.40 crore in Q4FY21 from Repco Bank and Rs.9.60 crore in Q1FY22 from RHFL) to the extent of maintaining shareholding of 68% and 32%, respectively.
From the report
Cash and bank balance as on September 30, 2021, was around Rs.14 crore and unutilised overdraft limit 3 CARE Ratings Ltd.
From the report
After verifying all the details, loan is sanctioned by the credit officer at HO.
From the report
Loans are disbursed when the borrowers are present in the branch.
From the report
Both Repco Bank and RHFL infused equity of Rs.20 crore during FY19 (refers to the period April 1 to March 31) to the extent of maintaining shareholding of 68% and 32%, respectively.
From the report
Unencumbered cash and liquid assets as on December 31, 2020, was around Rs.20 crore and unutilised bank lines stood at Rs.135 crore.
From the report
After verifying all the details, loan is sanctioned by the credit officer at HO.
From the report
Loans are disbursed when the borrowers are present in the branch.
From the report
Unencumbered cash and liquid assets as on September 30, 2019 was Rs.5.07 crore.
From the report
After verifying all the details, loan is sanctioned by the credit officer at HO and disbursed at the branch in the presence of Branch Manager and field officers.
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Competitors of Repco Micro Finance Ltd
Top competitors by location
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|---|---|---|---|---|
 Bajaj Finserv |
Fintech, Broking & Market Infrastructure · Banking & Financial Services | bajajfinserv.in | 2007 | Pune, India |
 Power Finance Corporation |
Fintech, Broking & Market Infrastructure · Banking & Financial Services | pfc.gov.in | 1986 | New Delhi, India |
| Bajaj Finance |
Fintech, Broking & Market Infrastructure · Banking & Financial Services | bajajfinserv.in | — | Pune, India |
 REC Limited |
Maharatna & Navratna PSUs · Public Sector (PSU) & Government | recindia.nic.in | 1997 | New Delhi, India |
 Shri Ram Finance Corporation Private Limited |
NBFC, Lending & Housing Finance · Finance | shriramfinance.in | — | Raipur, Chhattisgarh, India |
 Aditya Birla Capital Limited |
General Insurance · Insurance | adityabirlacapital.com | — | Gujarat, India |
| Cholamandalam Financial Holdings Limited | · Finance | — | — | Chennai, Tamil Nadu, India |
 Muthoot Finance |
Fintech, Broking & Market Infrastructure · Banking & Financial Services | muthootfinance.com | — | Ernakulam, India |
| NBFC, Lending & Housing Finance · Banking & Financial Services | irfc.co.in | — | Delhi, India | |
| Abans Financial Services Limited | Fintech, Broking & Market Infrastructure · Banking & Financial Services | — | — | Mumbai, Maharashtra, India |
Similar companies
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
Principal business activities and related-party transactions are read from MGT-7 and AOC-4 filings.
Filings
No filings on record yet.