CRISIL Research has revised Electrosteel Castings CRISIL IER fundamental grade to ‘3/5’ from ‘4/5’. The grade indicates that the company's fundamentals are good relative to other listed equity securities in India. The rating agency has also assigned a valuation grade of ‘5/5’ to the company.
The revision in the fundamental grade is driven by the delay in approval from the Ministry of Environment and Forest for the allocated iron ore mine in Kodolibad, Jharkhand; we had earlier expected production to start by H2FY13.
Electrosteel Castings is engaged in the manufacturing solutions for water supply and sewerage systems. ECL has been certified for ISO 9001:2000 standard by different bodies such as IRQS and BSI for the manufacture of DI pipes for water, sewerage, gas and ash transportation.
Company Name | CMP |
---|---|
Electrost Castings | 170.15 |
AIA Engineering | 3786.95 |
Kirloskar Ferrous | 562.55 |
Nelcast | 151.75 |
Alicon Castalloy | 849.00 |
View more.. |