CRISIL assigns ‘A-’ rating to long-term bank facilities of Alok Industries

28 Oct 2013

Credit rating agency, CRISIL has assigned its ‘A-/Stable’ rating to the long-term bank facilities of Alok Industries. The rating reflects Alok group’s established market position in master batches industry backed by its pan-India presence and well diversified clientele. The rating also factors in the group’s comfortable financial risk profile, marked by low gearing and comfortable debt protection metrics.

Alok Industries evolved from a small trading business into India’s largest integrated textiles player. It is present across various verticals of the textile value chain - from yarn manufacturing to garmenting. Alok’s production facilities are at 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.

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