India Business Insight
APW President Systems Ltd (APSL) ranks 370th in the Industry 2.0’s third annual listing of Top 500 Manufacturing Small and Medium Businesses (SMBs) in India. The listing covers companies that recorded net revenue of less than Rs300 crore in 2007-2008. The ranking was based on composite scores of companies on nine parameters comprising sales turnover, percentage change and absolute increase in turnover, profit after tax (PAT), increase in PAT, PAT/sales ratio, return on capital employed (ROCE) and its growth over 2006-2007. APSL registered 24 percent increase in revenue at Rs116.19 crore for 2007-2008 (Rs93.33 crore in 2006- 2007) and 15 percent growth in PAT at Rs7.24 crore (Rs6.28 crore), with a PAT/revenue ratio of 6.23 percent. The company’s ROCE declined by 17 percent from 21.51 percent to 17.92 percent.
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