because of Yuan appreciation and Chinese domestic consumption
Indian Textile industry might bloom
The ROCE could become sensible in a couple of years time

the issue is most of the textile companies have farji accounts

Originally posted by nav_1996 Learning concept of ROCE has been useful to me in understanding why such companies never make money for shareholders unless one is buying these at very distressed levels. There is little use of analyzing companies with consistent ROCE < 10.

Horrible results, all operational profits eaten up by Forex loss. And they are staring at erosion of networth from Grabal Alok