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CARE reaffirms rating of Alok Industries’ CP / NCD programme

17 Sep 2012 Evaluate

Credit rating agency, CARE has reaffirmed A1 rating to Alok Industries’ commercial paper (CP) / short-term non-convertible debentures (NCD) programme worth Rs 1,000 crore.

The company has received the said rating on the back of extensive experience of the promoters and management in the textile business, track record of the company, integrated operations along with the economies of scale and one of the leading players in the textile industry.

Recently, CRISIL Research revised Alok Industries’ CRISIL IER fundamental grade to 2/5 from 3/5. The grade indicates that the company’s fundamentals are ‘moderate’ relative to other listed equity securities in India. The rating agency has also assigned a valuation grade of 5/5 to the company.

Alok has evolved from a small trading business into India’s largest integrated textiles player. It is present across the textile value chain - from yarn manufacturing to garmenting. Alok’s production facilities are in Silvassa, Vapi and Navi Mumbai. The company also has a presence in the domestic retail segment and in real estate through a wholly-owned subsidiary.

Alok Inds Share Price

14.31 -0.12 (-0.83%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Welspun Living 125.45
Vardhman Textiles 557.75
Arvind 387.20
K.P.R. Mill 926.40
Page Industries 37935.70
View more..

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