CRISIL Research assigns fundamental grade of ‘3/5’ to Bhartiya International

Credit rating agency, CRISIL Research has assigned a CRISIL IER fundamental grade of ‘3/5’ to Bhartiya International. The grade indicates that the company’s fundamentals are ‘good’ relative to other listed equity securities in India. The rating agency has also assigned a valuation grade of ‘5/5’ to the company.

The assigned fundamental grade reflects the company’s established position in the Indian leather garment industry for more than a decade.

Bhartiya is a fashion apparel company. It derives 100% revenues from exports of leather garments and goods. Its factories are located in Bengaluru, Chennai and in a SEZ in Andhra Pradesh.