Corporate Fraud/Misdemeanor - Public Domain - India lessons

[dd1474]

Innovative way to calculate ROCE in case of Seya Industry. Enclosing link for reference.

Seya industries limited

Just got curious to know about company as rememberd they objected to Credit down grade by credit rating agency. While going through past submission to BSE, came across presentation by management in August 2019. What I like is way they calculated ROCE during FY19 at 44%. While nothing wrong in approach of calculation of ROCE (that is excluding Capital WIP and Unutilised land), but the point is In Rs 1600 Cr Capital employed nearly 1200 Cr is non productive assets. Just wondering why chemcial comp…