Donear Industries Limited has informed the Exchange about Credit Rating
DONEAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
India Ratings and Research (Ind-Ra) has upgraded Donear Industries' bank loan facilities from IND BBB/Stable/IND A3+ to IND BBB+/Stable/IND A2+, with a stable outlook. The upgrade covers fund-based working capital limits of INR 335.11 crore, non-fund-based limits of INR 17.05 crore, and term loans of INR 13.81 crore. The rating action reflects an improvement in DIL's operating profitability margin in 9MFY26 (EBITDA margin rose to 11.81% from 9.26% in FY25), expected healthy EBITDA growth in FY26-FY27, and improved credit metrics. The company's revenue grew 14% YoY to INR 913.7 crore in FY25. Concerns remain around high working capital utilisation (97.57%), shift in consumer preference towards readymade garments, and raw material price volatility.
The credit rating upgrade signals improving financial health and better creditworthiness, which may lower future borrowing costs for the company. For shareholders, this is a positive development as it reflects strengthening margins and stable business outlook, though risks from industry competition and working capital pressures remain.