SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

CARE reaffirms rating of Lanco Industries’ bank facilities

02 Aug 2011 Evaluate

Credit rating agency, CARE has reaffirmed ‘A+’ rating of Rs 503.25 crore long term bank facilities of Lanco Industries. The rating agency has also reaffirmed ‘A1+’ rating to Rs 320 crore short term bank facilities of the company.

The ratings continue to derive strength from the long track record of the promoters, established position of the group in the Ductile Iron (DI) pipe industry with significant share in the domestic market, satisfactory capacity utilization, operating efficiency resulting from various backward integration initiatives undertaken by the company, strong financial and technical support from Electrosteel Castings (ECL, the flagship company of the group), satisfactory clientele and favourable industry scenario for DI pipes.

Lanco Industries is engaged in manufacturing of DI pipes, pig iron and slag cement with DI pipes being the main product. The company, along with its promoter company, ECL, currently enjoys a market share of above 50% in the domestic DI pipe segment.

Srikalahasthi Pipes Share Price

201.15 0.00 (0.00%)
12-Jan-2022 18:01 View Price Chart
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:

×