Agree on the revenue share. But DBL + other EPCs never went down for fundamentals. Purely sentiments + midcap massacre. Any clear win for BJP in MP will help sentiments part.
main issues are rise in debt, increasing capital intensity compared to peers due to ownership of sizable equipment fleet, tense lending environment
Long-term rating downgraded to ‘CRISIL A/Stable’ ; short-term rating reaffirmed
near full utilisation of bank limits, no mobilization advance for the projects leading to high working capital requirement
Does anyone think this rating downgrade will impact DBL in long run? I think full utilization of bank limit might be for short term until DBL get advance from NHAI. Thoughts?