ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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VXL INDIA-Good Year

EPW Research Foundation NOCIL Expansion and Modernisation NATIONAL ORGANIC CHEMICAL INDUSTRIES (NOCIL) has done well in 1993-94 with net sales going up by 45 per cent, operating profit by 10 per cent and net profit by 39 per cent. Net profit would have been more but for the 80 per cent increase in other provisions and a 226 per cent decrease in non-operating surplus. Margins were held up due to the 82 per cent lower provision for taxation, 8 per cent decrease in interest charges and 28 per cent increase in other income. The company has declared a dividend of 40 per cent for the year. Exports declined by 4 per cent while imports were up by 137 per cent. Debt-equity ratio went up by 10 percentage points in 1993-94. Remuneration to employees rose by 5 percentage points.

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