Public issue of 60 crores for establishing new unit came out in 2008-09 .See the sales & profits of last 7 years from 2007 & you will know what the promoters have done . Turnover in 2008 is 120 crores & profit is 7 cr, now after 60 cr ipo & new unit starting in 2011, turnover is 80 cr & net loss
12.56 PM Jul 7th
`s management is. 14) Asset Turnover Ratio What you need: Income Statement, Balance Sheet The formula: Asset Turnover Ratio = Sales / Average Total Assets What it means: Like return on assets (ROA), the asset turnover ratio tells you how good the company is at using its assets to make products to sell
12.43 PM Jul 7th
Friend , Alpa bought turnover & profits when they were going public & managed to hoodwink public by selling shares at 60 rs when it was not even worth 10 . After public issue,the turnover dropped from 120 crore to 80 crore & even after new unit the turnover is not what it was at time of public
12.14 PM Jul 7th
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