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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.

 

Peers
Company Name CMP
Vardhman Textiles 495.75
Welspun Living 242.00
Arvind 494.95
Raymond Lifestyle 498.80
K.P.R. Mill 1131.45
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