Rating agency, ICRA Equity Research has assigned fundamental grade of 3/5 to Alok Industries, indicating strong fundamentals.
The rating agency has assigned the same on the back of company’s robust growth on account of aggressive capacity expansions, strong volumes and healthy realizations; however, the company’s net margins were impacted by mark-to-market forex losses.
Alok Industries (Alok) has reported a robust 48% Y-o-Y increase in standalone operating income to Rs 2,389 crore for the quarter ending December 2011 (Q3 FY12), mainly on account of the strong volume growth due to aggressive capacity expansions undertaken across major divisions.
