ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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POND S (INDIA)-Good Performance

EPW Research Foundation DCM SHRIRAM CONSOLIDATED Record Production AFTER recording low profits in 1992-93, DCM Shriram did extremely well in 1993-94. The company increased net sales by 17 per cent, operating profit by 36 per cent and net profit by a whopping 295 per cent. This could be attributed to a 73 per cent increase in non-operating surplus, a 30 per cent decrease in depreciation and a marginal (all in the interest burden by 4 per cent. The company has declared a dividend of 43.5 per cent for the year against 38.5 per cent for 1992-93. The sales to total assets and sales to gross fixed assets ratios have fallen as compared to the previous year, though they remained at the high levels of 139 per cent and 274 per cent, respectively. The company has not done well in exports which declined by 88 per cent.

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