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Entity-Specific Rating Rationales

30 Apr 2025

Dawntech Electronics Pvt Ltd: Ratings reaffirmed; ratings of bank facilities of Rs. 900.0 crore withdrawn and simultaneously [ICRA]A- (Stable)/[ICRA]A2+ assigned

Dawntech Electronics Pvt Ltd: Ratings reaffirmed; ratings of bank facilities of Rs. 900.0 crore withdrawn and simultaneously [ICRA]A- (Stable)/[ICRA]A2+ assigned

09 Jan 2024

Dawntech Electronics Pvt Ltd: [ICRA]A(CE) (Stable)/[ICRA]A1(CE) assigned, earlier rating of [ICRA]BBB (Stable)/[ICRA]A3+ withdrawn for Rs. 300-crore bank limits; reaffirmed [ICRA]A(CE) (Stable)/[ICRA]A1(CE) for Rs. 600-crore bank limits; upgraded to [ICRA]A-(Stable)/[ICRA]A2+ from [ICRA]BBB(Stable)/[ICRA]A3+ for Rs. 1,100-crore bank limits; provisional rating withdrawn

Dawntech Electronics Pvt Ltd: [ICRA]A(CE) (Stable)/[ICRA]A1(CE) assigned, earlier rating of [ICRA]BBB (Stable)/[ICRA]A3+ withdrawn for Rs. 300-crore bank limits; reaffirmed [ICRA]A(CE) (Stable)/[ICRA]A1(CE) for Rs. 600-crore bank limits; upgraded to [ICRA]A-(Stable)/[ICRA]A2+ from [ICRA]BBB(Stable)/[ICRA]A3+ for Rs. 1,100-crore bank limits; provisional rating withdrawn

23 Jun 2023

Dawntech Electronics Pvt Ltd: Provisional [ICRA]A(CE)(Stable)/[ICRA]A1(CE) ratings assigned for Rs. 1,200-crore limit

Dawntech Electronics Pvt Ltd: Provisional [ICRA]A(CE)(Stable)/[ICRA]A1(CE) ratings assigned for Rs. 1,200-crore limit

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Entity-Specific Credit Perspective Reports

29 May 2025

Dawntech Electronics Pvt Ltd

Dawntech Electronics Pvt Ltd (Non-SF)

29 Jan 2024

Dawntech Electronics Pvt Ltd

Dawntech Electronics Pvt Ltd (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Long-term/short-term – Fund-based – Working capital facilities-3 [ICRA]A2+ -- [ICRA]A-(Stable) --
Long-term/short-term – Fund-based – Working capital facilities-2 [ICRA]A2+ -- [ICRA]A-(Stable) --
Working Capital Facility Withdrawn -- Withdrawn --
Long-term/short-term – Fund-based – Working capital facilities-1 [ICRA]A2+ -- [ICRA]A-(Stable) --
Working capital facilities Withdrawn -- Withdrawn --

Our Analysts

Analyst 1

Vishal R

Analyst 2

Pulkit Varshney

Sector Head

Ashish Modani
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