CRISIL reaffirms 'A/Stable' rating on D-Link's long-term bank facility; Stock down 1%

30 Jun 2022 , 02:07 PM

CRISIL Ratings has reaffirmed its ‘CRISIL A/Stable’ rating on the long-term bank facility worth Rs10 crore of D-Link India Limited (D-Link).

The operating performance of D-Link improved, as reflected in 26% revenue growth in fiscal 2022 compared with the previous fiscal, backed by pent-up demand for information technology hardware products following the Covid-19 pandemic.

According to the rating rationale report, the rating continues to reflect the established market position and strong distribution network of D-Link across India, along with a healthy financial risk profile.

These strengths are partially offset by exposure to intense competition, weak business risk profile of the parent and exposure to volatility in input price and currency.

At around 2:06 PM, D-Link India was trading at Rs118.05 per share down by Rs1.1 or 0.92% from its previous closing of Rs119.15 per share on the BSE.