DEEPAK NITRITE BOUNCES BACK

Article Abstract:

Deepak Nitrite Ltd has achieved a turnaround by posting a net profit of Rs5.84 crore for 1997-98. The company has recommended a dividend of 18 percent for the year. The company had modernised its nitrite division in 1997-98 and earned an increased turnover from its nitroaromatics division. (gs) --------------------------------------------------------- Financial Performance of Deepak Nitrite Ltd (Rs in crore) --------------------------------------------------------- Particulars 1997-98 1996-97 --------------------------------------------------------- Net Sales 153.69 125.18 --------------------------------------------------------- Gross Profit after interest 12.63 2.06 --------------------------------------------------------- Depreciation 4.92 4.24 --------------------------------------------------------- Tax 0.58 nil --------------------------------------------------------- Earnings per share (Rs) 10.15 NA --------------------------------------------------------- NA = not available ---------------------------------------------------------

Comment:

Achieves turnaround by posting net profit of Rs5.84 crore for 1997-98 & recommends a dividend of 18% for the year

Cyclic Crude and Intermediate Manufacturing, Nitrated Aromatics, Nitroaromatic compounds, Deepak Nitrite Ltd.

---

DGP WINDSOR BACK IN THE BLACK

Article Abstract:

DGP Windsor India Ltd (DWIL) has posted a 20 percent increase in sales to Rs120 crore for the year ended June 1998. It has posted a net profit of Rs2 crore (net loss of Rs2.91 crore in 1996-97). Its exports generated Rs42 crore in 1997-98 (Rs27 crore). DWIL produces plastic machinery with a market share of 80 percent. It had undertaken a restructuring by reducing costs, inventories and employees to improve its performance. It has an alliance with the Sumitomo group of Japan for its machine making technology. (rk)

Comment:

Posts 20% increase in sales to Rs120 crore for year ended 6/98

Plastics Product Manufacturing, Plastic Industrial Products, Plastic industrial components, DGP Windsor India Ltd.

---

DEEPAK FERTILISERS DEBENTURE

Article Abstract:

The LA+ rating assigned to the Rs100 crore debenture issue of Deepak Fertilisers and Petrochemicals Corporation has been upgraded by Icra to LAA-. Expected improvements in profitability of the fertiliser business due to the recent changes in the pricing structure for phosphatic fertilisers has been factored in the upgrading. (khr)

Comment:

The LA+ rating assigned to the Rs100 crore debenture issue of Deepak Fertilisers and Petrochemicals Corporation has been upgraded by Icra to LAA-.

United States, Securities issued, listed, All Other Industrial Machinery Manufacturing, Fertilizer & Ag Chemicals Equip, Agricultural chemicals, Chemical processing equipment, Deepak Fertilizers and Petrochemicals Co.

Similar abstracts:

• Abstracts: COROMANDEL FERTILISERS DEEPAK FERTILISERS & PETROCHEMICALS CORPORATION
• Abstracts: A TALE OF TWO CORPORATES GUJARAT NARMADA VALLEY FERTILIZERS CO. LTD LOOKING BETTER
• Abstracts: SUNDARAM FINANCE LIMITED ICRA ASSIGNS MAAA TO SUNDARAM FIN DEBENTURE
• Abstracts: HOTEL LEELAVENTURE LIMITED ICRA DOES A VOLTE-FACE ON LEELAVENTURE
• Abstracts: ANCO COMMUNICATIONS LIMITED HUGHES ISPAT PAYS UP Rs79 CR. PANEL FOR BREATHING LIFE INTO ITI, HTL

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.