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

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EPW Research Foundation JBF INDUSTRIES Major Restructuring JBF INDUSTRIES engaged in the texturising business has done well in 1993-94 with net sales going up by 15 per cent, operating profit by 32 per cent and net profit by 61 per cent. The margins would have even higher but for the decrease in non-operating surplus by 433 per cent and other income by a 15 per cent. The company has declared a 21 per cent dividend for the year. Exports were up by 24 per cent while imports rose by 238 per cent. Debt-equity ratio came down sharply from 116 percent in 1991-92 to 24 per cent in 1992-93 and 14 per cent in 1993-94. Short-term borrowings to inventories ratio fluctuated between 101 percent in cent in 1993-94. While sales to total assets ratio

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