CRISIL reaffirms credit ratings on BDH Industries' bank facilities; Stock jumps 7%

CRISIL Ratings believes that BDH should continue to benefit from its longstanding presence in the market.

Jul 22, 2021 01:07 IST India Infoline News Service

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CRISIL Ratings has reaffirmed CRISIL BBB-/Stable and CRISIL A3 ratings on Rs40cr bank facilities of BDH Industries Limited.

According to the rationale, CRISIL Ratings on the bank facilities of BDH continue to reflect the company's above-average financial risk profile and its longstanding presence in the pharmaceutical formulations and contract-manufacturing business.

These strengths are partially offset by significant customer concentration, modest scale of operations, and exposure to intense competition.

CRISIL Ratings believes that BDH should continue to benefit from its longstanding presence in the market, experience of its promoters and established relationship with its customers.

At around 1:42 PM, BDH Industries was trading at Rs150 apiece up by Rs9.9 or 7.07% on the BSE.

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