Diversified Growth

Diversified Growth Hansavivek EXCEL INDUSTRIES has fared so well during 1982-83 that it has announced a gift of shares on a four- for-five basis besides a dividend of 25 per cent against 20 per cent paid last year. Production, sales, profits as well as margins are all ahead of their respective levels of Iast year. Sales have expanded from Rs 27.90 crore to Rs 37.90 crore and gross profit from Rs 2,61 crore to Rs 4.58 crore. Net profit is Rs. 2.82 crore (Rs 1.54 crore). Enhanced distribution is covered 4.41 times by earnings as against 3.02 times previously. Company has done better on export front too, with exports amounting to Rs 3.76 crore against Rs 2.34 crore. It won first award instituted by Basic Chemicals, Pharmaceuticals and Cosmetics Export Promotion Council for export performance in inorganic and organic chemicals including agro- chemicals panel. Moreover, Kantisen C Shroff, Joint Managing Director, has been chosen 'Environmentalist of the year 1983 for outstanding contribution to field of industrial pollution control.