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Elofic Industries Financial Statements
Elofic Industries Balance Sheet
The gradual decrease in Debt/Equity ratio shows that the company was able to pay-off a huge amount of its debts.
Further, the increase in profits because of improved productivity and process capabilities have helped the company to retain earnings which has resulted in a rise in shareholder’s equity
Total Equity has been increasing continuously for past few years, which suggest company is in expansion stage and thus require capital.
Shares outstanding numbers in L. Other numbers in ₹ L