The study showed that a significant proportion of companies in the top ROCE category, a decade ago failed to maintain their rank, and many saw declining shareholder returns.
Unlike the unchecked exuberance seen in 2006-07, corporate decision-makers have shown a newfound prudence, steering away from reckless expenditure, with a keen focus on internal accruals.
Wiring harness had almost come down to about 20-25 percent of our business. Interestingly, even the shareholders were very confused about what Motherson was doing.
Indicators such as return on capital employed, leverage, interest cover and liquidity for non-financial firms are on average much better than they have been for years
If return on capital employed is so low, where’s the incentive to go in for capex?
Had I understood the nuances explained in these books, I could have avoided many of the bad investments I've made over the past 10 years
Auto component major Motherson Sumi Systems could be eyeing the starter motors and generators division of global giant Bosch LLC through a likely USD 600-million bid, a media report said.
The purchase of PKC Group for USD 609 million will be debt free and 380 million euros from QIP will be used for the acquisition. Also, no debt will be raised, said Motherson Chairman Vivek Chaand Sehgal.
Over the past few years, a spate of listings has resulted in the sector expanding to include what can truly be considered as the healthcare sector: hospital chains, diagnostic labs etc.
The aim is to take margins to 7 percent from current 4-5 percent level for Quess. Another target is to raise return on capital employed (RoCE) to around 25 percent this fiscal, says Ajit Issac, CMD & CEO of the company.
SREI Infra will ensure that the equipment finance business will be well supported with respect to capital, said Kanoria, Vice Chairman, SREI Infra.
When markets correct, do look for quality buying opportunities by employing a mix of quantitative and qualitative factors.
According to the company, the sale and lease back of the above property is in the line with its strategy to maintain an asset-light business model.
VC Sehgal, chairman, Motherson Sumi says, in an interview to CNBC-TV18, that the order book is healthy while the levels of consolidated debt reduced considerably during the quarter.
Vivek Chaand Sehgal, Chairman, Motherson Sumi, spoke to CNBC-TV18 regarding their business strategies, expectations in the next financial year and why even though the auto sales is declining the company is still upgraded by Barclays.
CRISIL has assigned a CRISIL IPO grade of '4/5' to the proposed IPO of Bharti Infratel Ltd (Bharti Infratel). According to the research firm, this grade indicates that the fundamentals of the IPO are above average relative to the other listed equity securities in India.
The financial crisis that occurred a few years ago made a lot of investors wary of companies with high debt levels. This, because the uncertain future made it difficult for them to ascertain whether such companies would be able to service the debts.