Alok Industries Limited (Alok) bags the P1 rating for its Short Term Debt (STD) programme assigned by CRISIL which shows company's diversified revenue profile across apparel fabrics, home textiles, texturising, and garment segments.
The company is a number one supplier to several international retailers and garment exporters in India and other converter countries.
It also dominates home textiles and apparel fabrics markets.
Consistency in quality and time schedules are results of Alok's integrated operations. The company is increasing its capacities to consolidate its position in the apparel fabrics, home textiles, and garment segments.
With these improved capacities, Alok would be able to receive large orders from international retailers in limited turnaround time, believes CRISIL.
Cotton claims the major share of 95 percent of Alok's apparel fabrics and home-textiles divisions.
Therefore, even slightest hike in cotton prices directly affects company's margins adversely.
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