Mumbai, Sept. 8 -- The agency has also affirmed the rating on the short-term bank facilities at 'CARE A1+'.

CARE Ratings stated that the ratings affirmation of bank facilities of Dhanuka Agritech (DAL) continues to reflect its established position in the agrochemical sector, backed by long operating track record, experienced management, and enduring partnerships with reputed multinational players that provide access to specialty molecules and also support the company's operating margins to a large extent.

A diversified product portfolio across insecticides, herbicides, and fungicides, with a wide geographical footprint, enables the company to serve a large farmer base and reduce concentration risks.

Ratings also draw comfort from DAL's...