Dalmia Bharat Limited has informed the Exchange about Credit Rating
DALBHARAT · price
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CRISIL Ratings has reaffirmed Dalmia Bharat Limited's bank facility ratings — long-term at 'CRISIL AA+/Stable' and short-term at 'CRISIL A1+' — on its Rs 100 crore total bank loan facilities. The reaffirmation reflects the group's strong market position as India's fourth-largest cement player (49.5 MTPA capacity), cost-efficient operations, moderate leverage, and strong liquidity with Rs 3,722 crore in cash. The rationale notes a 3.6% decline in operating income in FY25 due to lower realisations, but a sharp recovery in Q1 FY26 with EBITDA per tonne improving to Rs 1,261. The group has announced Rs 6,800 crore capex over FY26-28 to expand capacity to 75 MTPA by FY28, and has bid for Jaiprakash Associates in insolvency proceedings. A Rs 793 crore ED provisional attachment on subsidiary land is being monitored.
This is a neutral-to-marginally-positive signal — the rating has been maintained at the same high level, confirming continued creditworthiness. No rating change means no adverse impact on borrowing costs or investor confidence, though the ED attachment and acquisition bid remain items to watch.