Credit rating agency, CARE has reaffirmed ‘BB+’ rating to Denis Chem Lab’s long term bank facilities worth Rs 22.50 crore which was enhanced from Rs 1.58 crore and ‘A4’ rating to company’s Short term Bank Facilities worth Rs 3 crore which was enhanced from Rs 2.75 crore. Besides, the rating agency has also reaffirmed ‘BB+/A4’ ratings to the long term/short term bank Facilities of the company for amount worth Rs 13.25 crore which was enhanced from Rs 8.25 crore.
The company has received the said ratings on the back of its moderate scale of operations in a highly competitive pharmaceutical industry. The rating is further constrained by the financial risk profile marked by moderate profit margins, moderately leveraged capital structure and weak liquidity position.
Denis Chem Lab Limited (DCLL) is engaged in the manufacturing of IV fluids both in glass and plastic bottles using the BFS (Blow Fill Seal) technology. DCLL’s WHO-GMP certified manufacturing unit is located at Chhatral (Gandhinagar) and has installed capacity for producing Transfusion Solution (TS) in glass bottles of 21.84 million bottles per annum and for Plastic bottles of 18.72 million bottles per annum as on March 31, 2013.
| Company Name | CMP |
|---|---|
| Sun Pharma Inds. | 1675.20 |
| Dr. Reddys Lab | 1235.40 |
| Cipla | 1238.30 |
| Zydus Lifesciences | 942.55 |
| Lupin | 2324.25 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: