Home / Knowledge / News / Textiles / Alok to generate higher ROC in near future
Alok to generate higher ROC in near future
21
Mar '11
Alok Industries plans to increase the proportion of polyester vis-à-vis cotton to 50:50 in the next two years from the current 25:75, to generate a higher return on capital (ROC) yield, says a top official.

Alok Industries Ltd., the Rs 43.11 billion turnover (2009-10) vertically integrated Mumbai-based textiles company, is now in the final stages of capacity expansion phase, which had begun six years ago.

In all the company has invested Rs 70 billion capex across all its textile verticals beginning from home textiles to clothing. Against the industry average of 3-5 percent, Alok has spent around 12 percent of its revenue to service the debt every quarter.

Mr Sunil Khandelwal – Chief Financial Officer (CFO), however, is very optimistic about the future. He says, “Our operations will generate higher revenues in the next 2-3 years. At present too, we are comfortably positioned.

“As far as the ROC is concerned, its about 13-14 percent as of now and we are targeting to reach 20 percent in next two years, which will be possible mainly due to full output from the existing change in product mix, by shifting to a higher proportion of polyester where ROI is very high”.

Informing about the capex investments, he said, “The capex is more or less complete now and from now onwards, only a small balance sheet will be there. The impact will be felt on; our operations, which will be maximised; debt will start coming down and finally our interest rates would start coming up as an input”.

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search