ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
-A A +A

CENTURY ENKA-Delicensing Takes Toll

operations. This is brought out also by total remuneration to employees which, though already relatively low at Rs 2.5 crore in 1991-92, has declined to Rs 1.3 crore, taking the percentage of wages to gross value added from 12.4 to 2.6. Interest charges increased from Rs 1.8 crore to Rs 2.7 crore. The company has maintained dividend at 25 per cent, though on equity capital which has more than doubled on account of the conversion of debentures. That the P/E ratio has fallen drastically to 5.0 is evidence enough of the erratic nature of the company's performance.

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

826for India

$50for overseas users

Get instant access to the complete EPW archives

Subscribe now

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top