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

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MRF-On a Roll

EPW Research Foundation MRF On a Roll MRP is the market leader in the tyre industry. The company has done well for 1993-94 with the turnover increasing by 10 per cent (Rs 81.75 crore), operating profit by 10 per cent (Rs 9.72 crore) and net profit by 16 per cent (Rs 2.27 crore). Other income has fallen by 49 per cent (Rs 3.48 crore), non-operating surplus by 142 per cent (Rs 98 lakh), while interest charges have risen by 6 per cent (Rs 1.94 crore) and depreciation by 12 per cent (Rs 2.80 crore). Exports were down for the year by 21 per cent (Rs 20.95 crore), and imports by 4 per cent (Rs 4.39 crore). A dividend of 90 per cent was declared for the year. The debt-equity ratio fell marginally by 2 percentage points for the year, while short-term bank borrowings to inventories fell by 26 percentage points for the year. Sales to total assets and sales to gross fixed assets fell by 3 percentage points and 24 percentage points, respectively. Exports to sales was down by 4 percentage points while raw material consumption fell by 1 percentage point. Earning per share rose by Rs 5 from Rs 33 to Rs 38 for 1993-94. Gross saving to gross capital formation rose by 15 percentage points for the year.

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