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CRISIL upgrades Goodluck India’s long term rating to ‘A-/Stable’

30 Mar 2022 Evaluate

Credit rating agency -- CRISIL has upgraded the Goodluck India’s long-term rating from ‘BBB/Positive’ to ‘A-/Stable’, and the short term rating from ‘A3+’ to ‘A2+’. The change in rating reflects substantial improvement in the business and financial profile of the company. The improvement is supported by significant increase in scale of operations, healthy order book and sustained operating margin.

Goodluck India is certified manufacturer and exporter of a precision engineered range of Cold Drawn Welded Tubes & Precision Tubes.

Peers
Company Name CMP
JSW Steel 1215.70
Tata Steel 175.60
Steel Authority 171.25
Jindal Stainless 736.25
APL Apollo Tubes 2137.60
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