BHARAT BIJLEE-Own Technology

board.
The company's stock currently quotes at around Rs 15 on the bourses, discounting its 1995-96 earnings per share by 6.8 times.
BHARAT BIJLEE Own Technology Bharat Bijlee, the second largest manufacturer of elevators in the country, has a 16 percent market share next to Otis which has a 55 per cent share. The company performed well in its golden jubilee year, 1995-96. While net sales and value of production improved by 40 per cent and 45 per cent, respectively, operating profit soared by more than 125 percent over 1994-95. Lower increases in interest charges (up 5.8 percent) and depreciation provision (up 5.5 percent) helped the company post a 195 per cent rise in net profit. Consequently, the company's earnings per share jumped from Rs 122.6 (face value Rs 100 per share) to Rs 181.4.