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CARE reaffirms ratings of Mangalam Cement’s bank facilities

11 Jan 2014 Evaluate

Credit rating agency, CARE has reaffirmed ‘AA-’ rating to Mangalam Cement’s long term bank facilities worth Rs 405.00 crore which was enhanced  from Rs 360.0 crore and ‘AA-/A1+’ rating to company’s Long/Short-term bank facilities worth Rs 50.0 crore which was enhanced  from Rs 40.00 crore.

The ratings continues to draw comfort from rich experience of the promoters, long & established track record of group, established brand though concentrated in northern region only, operational efficiency arising from backward integration and satisfactory financial risk profile marked by comfortable leverage and liquidity ratios.

Mangalam Cement is a professionally managed and well established cement manufacturing company enjoying the confidence of consumers because of its superior quality product and excellent customer service.

Mangalam Cement Share Price

915.45 13.20 (1.46%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Ultratech Cement 11887.30
Ambuja Cement 458.95
ACC 1431.85
Shree Cement 25301.95
Dalmia Bharat 1972.55
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