CARE assigns ratings of Mafatlal Industries’ Bank Facilities

23 Dec 2013 Evaluate

Credit rating agency, CARE has assigned  BBB- rating of Mafatlal Industries’ Long-term Rupee Term Loans (Proposed) Rs. 70.00 crore  and BBB-/A3 rating to Long-term/Short-term Fund/Non Fund Based Bank Facility (Proposed) Rs 30.00 crore.

The ratings assigned to the bank facilities of MIL derives strength from the extensive experience of the promoters and the management in the textile business, integrated presence across textile value chain, a wide product portfolio with established brand, comfortable capital structure and liquidity position.

Mafatlal Industries, a flagship company of the Arvind Mafatlal Group that has vertically integrated composite textile mills, was incorporated in 1913 at Ahmedabad. The company is engaged in manufacture of textiles and textile chemicals

Mafatlal Inds Share Price

163.60 0.45 (0.28%)
04-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
PDS 551.70
Welspun Living 163.35
Vardhman Textiles 515.40
Arvind 385.75
K.P.R. Mill 1005.65
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