CRISIL Research assigns fundamental grade of ‘2/5’ to JBF Industries

Credit rating agency, CRISIL Research has assigned fundamental grade of ‘2/5’ to JBF Industries indicating poor fundamentals. The rating agency has also assigned a Valuation Grade of ‘5/5’ to the company indicating the current market price has got strong upside.

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.