Credit rating agency, CARE has reaffirmed ‘BB-’ rating to Dina Iron & Steel’s long-term bank facilities worth Rs 27.30 crore. The rating agency has also reaffirmed ‘A4’ rating to the company’s short-term bank facilities worth Rs 2.50 crore.
The ratings for the bank facilities of Dina Iron & Steel (DISL) continues to remain constrained by its relatively small scale of operation with low profit margins in the highly competitive and fragmented steel industry, project implementation risk, susceptibility of its operating margin to raw material price volatility, working capital intensive nature of its operations and cyclical nature of the iron & steel industry.
However, the ratings derive strength from its experienced promoters with long track record of operation and locational advantage.
Company Name | CMP |
---|---|
JSW Steel | 891.30 |
Tata Steel | 167.35 |
SAIL | 165.45 |
Jindal Stainless | 732.55 |
APL Apollo Tubes | 1591.35 |
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