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

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IDL CHEMICALS-Plans to Diversify

EPW Research Foundation IDL CHEMICALS Plans to Diversify IDL CHEMICALS, the Hinduja-controlled explosives and chemicals unit has done well for the year with net sales going up by 7 per cent, operating profit by 42 per cent, and net profit by 27 per cent. Last year the company had gained from the write back of taxation provision to the tune of Rs 2 crore, The dividend for the year has been enhanced to 16 per cent as against 12 per cent in the previous year. Exports and imports were up by 17 per cent and 6 per cent, respectively. Debt-equity ratio has shown a steady decline in the past three years. Sundry creditors to current assets has been steady at 28 per cent for the past two years. Sales to total assets increased by 3 percentage points for the year as against 99 per cent in the past year. Sales to gross fixed assets showed an increase of 8 percentage points for the year. Earning per share fluctuated from Rs 2 in 1991-92 to value added to the value of production

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