1988-89 to 5.62 per cent in the latest year. A marginal improvement in the assets utilisation ratio was noticed as the company could generate Rs 1.45 worth of sales per rupee of investment as compared to 1.43 worth of sales during the preceding year (annualised). The company achiev ed a lower rate of return on equity at 20.21 per cent during the year as compared to 27.53 per cent (annualised) during the preceding year.