CRISIL assigns fundamental grade of 2/5 to JBF Industries

Credit rating agency, CRISIL has assigned a CRISIL IER fundamental grade of 2/5 to JBF Industries. The grade indicates that the company’s fundamentals are ‘bad’ relative to other listed equity securities in India. The rating agency has also assigned a valuation grade of 5/5 to the company.

JBF Industries is engaged in the manufacturing of polyester chips, partially oriented yarn and polyester processed yarn/specialty yarn at its plants at Silvasa in the Union Territory of Dadra and Nagar Haveli and at Valsad (Gujarat). The company is one of the leading names in Polyester business in India.