CRISIL has reaffirmed its 'CRISIL BBB-/Stable' rating on the long-term bank facilities of Tasty Dairy Specialities Limited (TDSL).
The rating continues to reflect TDSL's established market position in the dairy industry, and its above-average financial risk profile. These strengths are partially offset by low operating profitability and susceptibility to changes in government regulations, and environmental and epidemic-related factors and project related risks.
CRISIL believes TDSL will continue to benefit over the medium term from its established market position and above-average financial risk profile. The outlook may be revised to 'Positive' if company reports substantial improvement in sales, operating profitability, and working capital management, and manages to sustain its financial risk profile post completion of the project on time. The outlook may be revised to 'Negative' in case of drop in operating margin or significantly low cash accrual weakens the financial risk profile or if any delay in project leads to weakened liquidity over the medium term.
Shares of Tasty Dairy Specialities Ltd was last trading in BSE at Rs.13 as compared to the previous close of Rs. 13.5. The total number of shares traded during the day was 3000 in over 1 trades.
The stock hit an intraday high of Rs. 13 and intraday low of 13. The net turnover during the day was Rs. 39000.