Dynamatic Technologies Limited — Credit Ratings, 10-10-2025: Credit Rating

India Ratings and Research (Ind-Ra) has affirmed Dynamatic Technologies's bank loan facilities at 'IND A' with a Stable outlook. The rating reflects DTL's diversified revenue, strong order book, and competitive market position. Despite stable FY25 performance, credit metrics are expected to improve from FY26-27 due to higher-margin aerospace orders. An elongated working capital cycle remains a key area to monitor.