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Article: Fateh Textile maintains top position.(Break-up Value--2001)
- Article from:
- Economic Review
- Article date:
- March 1, 2003
CopyrightCOPYRIGHT 2003 Economic and Industrial Publications. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Break-up Value is net worth per share and is one of the important criteria to measure the financial soundness of a company. The Break-up Value per Share is assessed by adding together the assets (current and fixed)including property and reserves, deducting all liabilities and dividing the resulting net assets by the number of ordinary shares. Thus, the percentage of free reserves and surplus to Paid-up Capital gives a clue to the Break-up Value per share. The higher this percentage, the better are chances for bonus or right shares.
Fateh Textile Mills maintained the top position as last year with Rs.479.33 break-up value per share of Rs. 10 followed by Parke Davis ...