Credit rating agency, CARE has reaffirmed BB+ rating to Deepak Spinners’ long-term bank facilities worth Rs 143.94 crore, which was enhanced from Rs 74.75 crore. The rating agency has also reaffirmed A4+ rating to the company’s short term bank facilities worth Rs 12.00 crore.
The company has received the said rating reaffirmation on the back of its experienced management, long track record, comfortable capital structure and coverage indicators.
Deepak Spinners manufactures synthetic blended yarns, both grey and dyed, made of polyester, viscose, acrylic, and other man-made files. Its products include polyester and viscose yarn, acrylic yarn, acrylic polyester blends and acrylic viscose blends.
| Company Name | CMP |
|---|---|
| Trident | 26.27 |
| Filatex India | 44.50 |
| Nitin Spinners | 491.35 |
| Nahar Spinning Mills | 257.55 |
| Sanathan Textiles | 445.80 |
| 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: