CRISIL assigns fundamental grade of 3/5 on Nandan Denim

23 Jul 2014 Evaluate

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.

 

Nandan Denim Share Price

27.40 -0.25 (-0.90%)
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Peers
Company Name CMP
Vardhman Textiles 347.15
Welspun India 81.10
PDS 350.70
Arvind 95.45
Alok Inds 16.40
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