CRISIL revises Shri Lakshmi Cotsyn's fair value to Rs 136

CRISIL Research has come out with its report on Shri Lakshmi Cotsyn. The research firm has maintained the fundamental grade of 2/5 to the company in its November 29, 2011 report.

Shri Lakshmi Cotsyn Ltd (Lakshmi Cotsyn) manufactures textile-based products, ballistic products and armoured vehicles. Debt-funded capacity expansions and strained operating cash flows continue to be the key concerns for the company. We maintain our fundamental grade of 2/5, indicating its fundamentals are moderate relative to other listed equity securities in India.

Sustained thrust on value addition
Lakshmi Cotsyn

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