CRISIL revises DCM Nouvelle's bank facilities outlook to 'Positive', reaffirms rating

The ratings continue to reflect promoter’s extensive experience in cotton industry.

Aug 23, 2021 04:08 IST India Infoline News Service

Business-man-pushing-graph
CRISIL Ratings has revised its outlook on the rating of bank facilities of DCM Nouvelle Limited (DNL) to ‘Positive’ from ‘Stable’ while reaffirming rating at ‘CRISIL BBB/CRISIL A3+’.

The revision in outlook reflects significant improvement in business risk profile esp. profitability. 

The ratings continue to reflect promoter’s extensive experience in cotton industry, proximity of manufacturing facilities to raw material location and comfortable financial risk profile.

These strengths are partially offset by the vulnerability to fluctuation in raw material prices. 

On Monday, DCM Nouvelle ended at Rs199.10 per piece down by 0.82% on Sensex.

Related Story

Open Free Demat Account (Rs699)