Credit rating agency, CRISIL Research has assigned a CRISIL IER fundamental grade of 3/5 on Nandan Denim. The grade indicates that the company’s fundamentals are ‘good’ relative to other listed equity securities in India. The rating agency has also assigned valuation grade of 5/5 to the company.
The company has received the said rating on the back of its established position, large capacity and a healthy clientele.
Ahmedabad-based Nandan Denim (NDL) is one of the leading players in the denim fabric industry in India.