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

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FGP-Upgrading Technology

crore. Return on equity deteriorated from crore. Return on equity deteriorated from There was a slight decrease in the debt There was a slight decrease in the debt component in the capital structure as reflected in a lower debt/equity ratio of 0.71:1 as against 0.76:1. Despite this, the interest coverage ratio deteriorated from 331 to 3.23. The indicators of liquidity too showed red signals. The current ratio Worsened from 2.21 to 2.04. The villain of the piece was a 47 per cent increase in sundry creditors from Rs 3.88 crone to Rs 5.70 crore: Sundry debtors on the other hand declined by 5 per cent from Rs 13.63 crore to Rs 12.97 crore.

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