CRISIL assigns fundamental grade of 3/5 on Nandan Denim

23 Jul 2014

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.

 

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