Intimation of Credit Rating under Reg 30 of SEBI LODR assigned by India Ratings & Research Private Limited
RATING
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 10 Jun 2026, 03:51 PM IST · BSE ID: 66e8dbce-930f-4e59-b8d9-cb0007b9a1c8
View Original BSE Filing (PDF)
💡
In Simple Terms
A credit agency has rated the company's bank loans as 'BBB-', indicating a stable financial outlook.
🤖 AI Summary
- Desco Infratech's bank loan facilities assigned 'IND BBB-' rating by India Ratings.
- Rating outlook is 'Stable', reflecting strong revenue growth and order book visibility.
- Company revenue increased 99.53% to INR1,186.13 million in FY26.
- Order book stood at INR3,397.16 million as of March 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Bank Loan Facilities Amount
110.00 million
Credit Rating
IND BBB-/Stable/IND A3
FY26 Revenue
1,186.13 million
99.53%
FY26 Order Book
3,397.16 million
FY26 EBITDA
235.68 million
FY26 EBITDA Margin
19.87%
🏢 How This Affects the Company
The credit rating can enhance the company's ability to secure further financing and strengthen its relationships with financial institutions.
A stable credit rating is generally viewed favorably by lenders, potentially leading to better terms on future borrowings.
The rating highlights both strengths like order book and weaknesses such as project execution risks, providing a balanced view.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders. This is an informational disclosure regarding the company's credit rating.
👤
Who Is Affected
All shareholders are indirectly affected as a stable credit rating can positively influence the company's borrowing costs and financial standing.
🔍
Management Signal
Management's proactive engagement with credit rating agencies signals a commitment to transparency and maintaining financial health.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Next credit rating review by India Ratings for updates.
Q1 FY27 results to monitor revenue growth and order book execution.
Company announcements on new order inflows and project progress.
MEDIUM RISK
Rating reflects strengths but also notes project execution and concentration risks.
💡 Investor Takeaway
Desco Infratech's bank loans are rated 'IND BBB-' (Stable). Company revenue grew 99.53% to INR1,186.13 million in FY26, with an order book of INR3,397.16 million.
⚖️ Strengths & Concerns
✅ Positives
- Revenue increased 99.53% to INR1,186.13 million in FY26, supported by strong execution in CGD and power segments.
- Order book of INR3,397.16 million as of March 2026 provides revenue visibility of approximately 2.86x FY26 revenue.
⚠️ Concerns
- EBITDA margins moderated to 19.87% in FY26 from 22.45% in FY25 due to higher contribution from lower-margin EPC projects.
- Company faces risks in project execution due to external factors and segment/customer concentration.
❓ Frequently Asked Questions
What is the credit rating assigned to Desco Infratech's bank loan facilities?
India Ratings & Research has assigned 'IND BBB-' with a 'Stable' outlook to Desco Infratech's bank loan facilities.
What was Desco Infratech's revenue in FY26?
Desco Infratech's revenue in FY26 was INR1,186.13 million, representing a 99.53% increase from the previous year.
What is the value of Desco Infratech's order book as of March 2026?
As of March 2026, Desco Infratech's order book stood at INR3,397.16 million.
What are the key strengths mentioned for Desco Infratech's credit rating?
Key strengths include experienced promoters, established client relationships, strong revenue growth, and a robust order book.
What are the weaknesses noted in Desco Infratech's credit rating rationale?
Weaknesses include project execution risks due to external factors and segment/customer concentration risks.
Questions based on this BSE filing only. For information purposes.