SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

CARE reaffirms ratings of Hinduja Foundrie’s bank facilities

09 Oct 2015 Evaluate

Credit rating agency, CARE has reaffirmed ‘BBB- (SO)’ rating to Hinduja Foundrie’s long-term bank facilities worth Rs 703.97 crore. The rating agency has also reaffirmed ‘A3 (SO)’ rating to the company’s short-term bank facilities worth Rs 27.70 crore.

The ratings continues to take into account the benefits derived from being part of the Hinduja group including demonstrated financial support extended to the company by the promoter group in the past and stated intent of commitment of the group companies to support the company and the company’s long operational track record being one of the largest foundries in India and strong client base comprising of leading automobile and tractor original equipment manufacturers (OEMs).

Hinduja Foundries (HFL) is primarily engaged in the manufacture of ferrous castings for automobiles, tractors, industrial engines, power generators among others.

Peers
Company Name CMP
AIA Engineering 3958.20
Alicon Castalloy 684.70
Nelcast 141.10
Steelcast 295.55
Synergy Green Inds. 514.80
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×