finincial mgt

8/2/2019 finincial mgt

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Profit loss accountcrores

Mar ' 09 Mar ' 08 Mar ' 07 Mar ' 06 Mar ' 05

Income

Operating income 1,226.07 1,111.29 844.28 584.25 488.35

Expenses

Material consumed 272.85 207.84 157.34 135.13 111.61

Manufacturing expenses 320.15 256.72 224.85 183.43 178.91

Personnel expenses 69.16 55.94 34.90 30.98 27.82

Selling expenses 214.28 194.26 136.52 90.52 80.62

Adminstrative expenses 38.86 45.07 34.65 22.60 20.48

Expenses capitalised - - - - -

Cost of sales 915.30 759.83 588.26 462.66 419.44

Operating profit 310.77 351.46 256.01 121.59 68.91

Other recurring income 29.73 27.36 8.53 3.30 4.22

Adjusted PBDIT 340.50 378.82 264.55 124.89 73.13

Financial expenses 49.51 53.96 43.89 22.31 7.20

Depreciation 69.11 58.54 44.33 53.07 48.95

Other write offs - - - - 0.74

Adjusted PBT 221.88 266.33 176.33 49.52 16.24

Tax charges 48.09 26.93 0.71 0.80 -0.43

Adjusted PAT 173.79 239.40 175.62 48.72 16.67

Non recurring items 4.80 -16.41 2.35 2.67 5.13

Other non cash adjustments - 0.69 0.14 4.07 4.25

Reported net profit 178.59 223.67 178.11 55.45 26.05

Earnigs before appropriation 255.70 283.71 217.16 21.36 -35.34

Equity dividend 24.47 15.30 5.71 - -

Preference dividend - - - - -

Dividend tax 4.16 2.60 0.97 - -

Retained earnings 227.07 265.81 210.48 21.36 -35.34


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Balance sheet


Sources of funds

Owner's fund

Equity share capital 61.19 61.19 57.09 49.77 55.29

Share application money - - 4.00 - -

Preference share capital - - - - -

Reserves & surplus 723.44 573.49 331.98 129.72 70.97

Loan funds

Secured loans 573.63 595.71 641.30 606.62 616.43

Unsecured loans 113.11 99.17 76.37 75.17 72.44

Total 1,471.37 1,329.56 1,110.74 861.28 815.13

Uses of funds

Fixed assets

Gross block 1,760.48 1,474.15 1,340.52 1,175.48 1,064.19

Less : revaluation reserve 46.62 7.75 20.73 33.72 37.14

Less : accumulated depreciation 747.39 663.32 595.01 538.09 484.52

Net block 966.47 803.08 724.77 603.67 542.52

Capital work-in-progress 97.04 101.59 76.62 87.89 20.31

Investments 88.91 13.03 58.11 0.11 171.61

Net current assets

Current assets, loans & advances 707.97 707.16 479.17 330.81 170.59

Less : current liabilities & provisions 389.03 295.29 227.93 161.20 90.90

Total net current assets 318.94 411.86 251.24 169.61 79.69

Miscellaneous expenses not written - - - - 1.01

Total 1,471.36 1,329.56 1,110.74 861.28 815.13

Notes:

Book value of unquoted investments 5.97 5.92 - - 81.27

Market value of quoted investments 85.93 7.11 58.81 0.11 95.68

Contingent liabilities 184.31 135.77 53.77 143.23 20.08

Number of equity sharesoutstanding (Lacs) 611.79 611.79 570.77 497.56 553.10


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Cash flow


Profit before tax 226.68 271.58 178.82 56.25 24.05

Net cashflow-operating activity 311.66 382.57 290.56 83.43 77.11

Net cash used in investing activity -265.56 -96.13 -205.59 -64.26 -16.97

Netcash used in fin. activity -67.01 -89.54 53.61 -29.64 -48.21

Net inc/dec in cash and equivlnt -20.91 196.91 138.58 -10.47 11.93

Cash and equivalnt begin of year 347.58 150.68 12.09 22.56 10.63

Cash and equivalnt end of year 326.67 347.58 150.68 12.09 22.56


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Capital structure

From

Year

To

Year

Class Of

Share

Authorized

Capital

Issued

Capital

Paid Up Shares

(Nos)

Paid Up Face

Value

Paid Up

Capital

2008 2009 Equity Share 125.00 61.18 61179462 10 61.18

2007 2008 Equity Share 125.00 61.18 61179462 10 61.18

2006 2007 Equity Share 125.00 57.08 57076962 10 57.08

2005 2006 Equity Share 125.00 49.76 49756162 10 49.76

2004 2005 Equity Share 125.00 55.31 55310302 10 55.31

2002 2004 Equity Share 125.00 55.31 55310302 10 55.31

2001 2002 Equity Share 125.00 49.66 49660302 10 49.66

2000 2001 Equity Share 125.00 49.66 49660302 10 49.66

1999 2000 Equity Share 125.00 49.66 49660302 10 49.66

1998 1999 Equity Share 125.00 49.66 49660302 10 49.66

1997 1998 Equity Share 100.00 49.66 49660302 10 49.66

1996 1997 Equity Share 100.00 54.40 44915710 10 44.92

1996 1997 Equity Share 100.00 54.40 4744592 3 1.42

1995 1996 Equity Share 100.00 44.93 44927855 10 44.93

1994 1995 Equity Share 95.00 44.93 44927855 10 44.93

1993 1994 Equity Share 95.00 33.84 33839455 10 33.84

1992 1993 Equity Share 95.00 19.06 19056228 10 19.06

1991 1992 Equity Share 95.00 10.14 10135861 10 10.14

1989 1990 Equity Share 17.50 10.14 10135861 10 10.14

1988 1989 Equity Share 17.50 10.14 10135861 10 10.14

1986 1988 Equity Share 17.50 10.14 10135861 10 10.14

1977 1986 Equity Share 17.50 4.84 4843686 10 4.84

1976 1977 Equity Share 8.00 4.01 4007984 10 4.01

1974 1976 Equity Share 3.75 3.39 3390000 10 3.39

1973 1974 Equity Share 3.75 3.39 3390000 10 3.39

1972 1973 Equity Share 3.50 2.26 2260000 10 2.26

1971 1972 Equity Share 3.50 2.26 2260000 10 2.26

1967 1971 Equity Share 3.00 1.96 1960000 10 1.96

1965 1967 Equity Share 3.00 1.40 1400000 10 1.40

1960 1965 Equity Share 3.00 1.40 1250000 5 0.63

1960 1965 Equity Share 3.00 1.40 150000 10 0.15


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From

Year

To

Year

Class Of

Share

Authorized

Capital

Issued

Capital

Paid Up Shares

(Nos)

Paid Up Face

Value

Paid Up

Capital

1957 1960 Equity Share 3.00 0.15 150000 10 0.15

1949 1957 Equity Share 0.20 0.15 150000 10 0.15

1939 1949 Equity Share 0.20 0.08 74800 10 0.07

Share holding

Share holding pattern as on : 30/09/2009 30/06/2009 31/03/2009

Face value 10.00 10.00 10.00

No. Of Shares % Holding No. Of Shares % Holding No. Of Shares % Holding

Promoter's holding

Indian Promoters 27203469 44.47 27842789 45.51 27931982 45.66

Sub total 27203469 44.47 27842789 45.51 27931982 45.66

Non promoter's holding

Institutional investors

Banks Fin. Inst. and Insurance 7645120 12.50 7712457 12.61 9416634 15.39

FII's 5485639 8.97 3779140 6.18 2600853 4.25

Sub total 13808843 22.57 11540863 18.86 12027753 19.66

Other investors

Private Corporate Bodies 5146703 8.41 5082017 8.31 4368615 7.14

NRI's/OCB's/Foreign Others 1308973 2.14 1391015 2.27 1400425 2.29

Govt 153115 0.25 153115 0.25 153115 0.25

Others 497777 0.81 497777 0.81 497777 0.81

Sub total 7106568 11.62 7123924 11.64 6419932 10.49

General public 13060582 21.35 14671886 23.98 14799796 24.19


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No. Of Shares % Holding No. Of Shares % Holding No. Of Shares % Holding

Grand total 61179462 100.00 61179462 100.00 61179463 100.00


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Ratios


Per share ratios

Adjusted EPS (Rs) 28.41 39.13 30.77 9.79 3.01

Adjusted cash EPS (Rs) 39.70 48.70 38.54 20.46 12.00

Reported EPS (Rs) 29.19 36.56 31.21 11.14 4.71

Reported cash EPS (Rs) 40.49 46.13 38.97 21.81 13.69

Dividend per share 4.00 2.50 1.00 - -

Operating profit per share (Rs) 50.80 57.45 44.85 24.44 12.46

Book value (excl rev res) per share (Rs) 6.90 103.74 68.17 36.07 22.65

Book value (incl rev res) per share (Rs.) 6.90 105.01 71.80 42.85 29.36

Net operating income per share (Rs) 200.41 181.64 147.92 117.42 88.29

Free reserves per share (Rs) 114.32 89.81 51.97 19.06 8.30

Profitability ratios

Operating margin (%) 25.34 31.62 30.32 20.81 14.11

Gross profit margin (%) 19.71 26.35 25.07 11.72 4.08

Net profit margin (%) 14.22 19.64 20.88 9.43 5.28

Adjusted cash margin (%) 19.34 26.16 25.79 17.32 13.47

Adjusted return on net worth (%) 22.14 37.71 45.13 27.14 13.30

Reported return on net worth (%) 22.76 35.24 45.77 30.89 20.79

Return on long term funds (%) 18.52 24.19 20.08 8.35 2.92

Leverage ratios

Long term debt / Equity 0.86 1.09 1.82 3.79 5.35

Total debt/equity 0.87 1.09 1.84 3.80 5.46

Owners fund as % of total source 53.32 47.73 35.15 20.83 15.48

Fixed assets turnover ratio 0.69 0.75 0.62 0.49 0.45

Liquidity ratiosCurrent ratio 1.82 2.39 2.10 2.05 1.88

Current ratio (inc. st loans) 1.76 2.30 1.93 2.01 1.44

Quick ratio 1.45 1.79 1.25 0.97 0.80

Inventory turnover ratio 87.02 64.12 45.00 72.82 39.96

Payout ratios


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Dividend payout ratio (net profit) 16.03 8.00 3.75 - -

Dividend payout ratio (cash profit) 11.55 6.34 3.00 - -

Earning retention ratio 83.53 92.53 96.20 100.00 100.00

Cash earnings retention ratio 88.22 94.00 96.97 100.00 100.00

Coverage ratios

Adjusted cash flow time total debt 2.83 2.33 3.26 6.70 10.38

Financial charges coverage ratio 6.88 7.02 6.03 5.60 10.15

Fin. charges cov.ratio (post tax) 6.00 6.23 6.07 5.86 11.52

Component ratios

Material cost component (% earnings) 21.81 18.59 19.94 22.11 23.82

Selling cost Component 17.47 17.48 16.17 15.49 16.50

Exports as percent of total sales - - 0.54 - -

Import comp. in raw mat. consumed - - - - -

Long term assets / total Assets 0.61 0.56 0.64 0.67 0.81

Bonus component in equity capital (%) 2.59 2.59 2.78 3.19 3.19

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