Ind-Ra reaffirms Dhampur Sugar Mills' ratings at ‘IND A+/Stable'; stock adds ~1%

30 Nov 2022 , 12:27 PM

India Ratings and Research (Ind-Ra) has affirmed Dhampur Sugar Mills Limited’s (DSML) Long-Term Issuer Rating at ‘IND A+’. The Outlook is Stable. This includes a term loan worth Rs2,56.07 crore and fund-based working capital limits worth Rs810 crore.

Further, the rating agency has also assigned the ‘IND A+’ rating to additional facilities. These facilities include Non-fund-based working capital limits worth Rs125 crore and Fixed deposits worth Rs40 crore.

Due to the strong operational and strategic links between DSML and its wholly owned subsidiaries – Ehaat Limited and DETS Limited – Ind-Ra continues to take a consolidated view of them to arrive at the ratings.

At around 12.29 PM, Dhampur Sugar Mills was trading at Rs227.65 up by 0.82% from its previous closing of Rs225.80 on the BSE. The scrip touched intraday high and low of Rs231.30 and Rs224.20 respectively.

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