ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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GARWARE-WALL ROPES-Rise in Exports

EPW Research Foundation MAFATLAL INDUSTRIES High Interest Burden THE flagship company of the Mafatlal group, with interests primarily in textiles and chemicals, Mafatlal Industries (MIL), reported a decline in profitability on a 21 per cent rise in net sales during the year ended March 1992-93. Although the company made no provision for taxes during the year, the increases in manufacturing expenses, interest burden and depreciation brought about 39.3 per cent and 11.4 per cent declines in profit before tax and profit after tax, respectively. Though the company's equity increased following the issue of rights shares, the debt-equity ratio went up to 95.3 per cent. The company's inventory to sales ratio, after having declined in 1991-92, rose once again to 27 per cent.

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