Credit rating agency, CRISIL has assigned ‘BBB+/stable’ rating to Damodar Industries’ long term bank facility and ‘A2’ rating assigned to the company’s short term bank facility. The ratings have been assigned to total bank loan facilities worth Rs 139.22 crore.
Further, the rating agency has also assigned ‘FA-/stable’ rating to the company’s fixed deposit programme worth Rs 15 crore.
Damodar Industries has a completely integrated and advanced production line for manufacturing fancy and speciality yarns. The company is engaged in spinning, draw-texturising, air-texturising, fancy doubling and yarn dyeing.
| Company Name | CMP |
|---|---|
| Trident | 26.12 |
| Filatex India | 44.94 |
| Nitin Spinners | 419.70 |
| Nahar Spinning Mills | 249.20 |
| Sanathan Textiles | 427.00 |
| View more.. | |
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.
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.
MoneyWorks4Me ensures this through: