Other Income Prop

18.70 per cent per annum. The cost of employees also putting lot of weight on its earning capacity. During the year, expenses on salary and wages as a percentage of sales increased substantially to 14.90 per cent as against 11.80 per cent last year. Its new venture in development of land through Tata Housing Development company is to weed out borrowings and, in turn, reduce the interest cost.

Market price: Rs: 12.50 EPS: 1.20, P/E: 10.0