Material management project report

Material Management

TABLE NO: 5.1

TABLE SHOWING INVENTORY TO NET SALES

INVENTORY TO NET SALES = InventoryNet Sales∗100

Rs. In Lakhs

ANALYSIS:

From the above table it can be analyzed that there is a increasing level in

the rate of inventory to net sales is 44.895% during the year 2011-2012. Where as

there it has been increased to 46.36% in the year 2012-2013. In the year 2013-

YEAR

INVENTORY (RS) NET SALES PERCENTAGE

(%)

2011-2012 2,460.77 5,482.11 44.89%

2012-2013 2,673.80 5,767.64 46.36%

2013-2014 3,191.29 6,103.82 52.28%

2014-2015 3,298.71 6,275.52 52.56%

Material Management

2014 it increased to 52.28%, however there is increase in the year 2014-2015 with

the52.56%.

GRAPH NO : 5.1

GRAPH SHOWING INVENTORY TO NET SALES

2011-2012 2012-2013 2013-2014 2014-201540.00%

42.00%

44.00%

46.00%

48.00%

50.00%

52.00%

54.00%

44.89%

46.36%

52.28% 52.56%

INTERPRETATION:

From the above graph it can be inferred that due to the increase in the demand for Wire

products their has been slight increase in the level of inventory to sales in the year 2014-

2015 when compared to previous years.

Material Management

TABLE NO: 5.2

TABLE SHOWING INVENTORY TO CURRENT ASSETS RATIO

INVENTORY RATIO = Inventory

Current Asset∗100

Rs. in Lakhs

ANALYSIS:-

YEAR INVENTORY(Rs)

CURRENT ASSET(RS)

PERCENTAGE(%)

2011-2012 2460.77 6292.29 39.11

2012-2013 2673.8 12133.27 22.03

2013-2014 3191.29 11828.45 26.97

2014-2015 3298.71 11991.62 27.5

Material Management

From the above table we can observe that in the year 2012-2013 there is a

increase in the current asset value when compare to other years , but in the other years

also there is a increase in the current asset and inventory.

GRAPH NO : 5.2

GRAPH SHOWING INVENTORY TO CURRENT ASSETS RATIO

2011-2012 2012-2013 2013-2014 2014-201545

46

47

48

49

50

51

49.18

47.43

50.47

46.92

INTERPRETATION:-

From the above graph it can be inferred that there is a more increase in the value of raw

materials due to more purchases during the year 2014-2015. So why there is more

increase in the values of current assets and inventory during the year 2014-2015 when

compared to other years.

Material Management

TABLE NO:5.3

TABLE SHOWING INVENTORY TO TOTAL ASSETS RATIO

INVENTORY TO TOTAL ASSETS RATIO = InventoryTotal Inventory

∗100

Rs.in Lakhs

ANALYSIS:-

YEAR INVENTORY(RS)

TOTAL ASSETS(RS)

PERCENTAGE(%)

2011-2012 2460.77 5003 49.18

2012-2013 2673.8 5636.96 47.43

2013-2014 3191.29 6322.86 50.47

2014-2015 3298.71 7029.85 46.92

Material Management

The above table shows that there is increase in the total assets due to increase

in the current assets. In the year 2011-2012 the total assets were less when

compared to 2014-2015, and the percentage has been decreased in the year 2014-

2015.

GRAPH NO:5.3

GRAPH SHOWING INVENTORY TO TOTAL ASSETS RATIO

2011-2012 2012-2013 2013-2014 2014-201545

46

47

48

49

50

51

49.18

47.43

50.47

46.92

INTERPRETATION:-

From the above graph it can be inferred that there is increase in both

inventory and the total assets during the year 2014-2015 and percentage wise it is

Material Management

decreased when compared to previous years, because there is increase in both the

inventory and the total assets during the year 2014-2015.

TABLE NO:5.4

TABLE SHOWING INVENTORY TO WORKING CAPITAL

INVENTORY TO WORKING CAPITAL RATIO = InventoryWorkingCapital

∗100

Rs. In Lakhs

YEAR INVENTORY(RS)

WORKING CAPITAL

PERCENTAGE(%)

2011-2012 2460.77 -1347.23 -1.83

2012-2013 2673.8 3500.6 0.76

2013-2014 3191.29 4421.35 0.72

2014-2015 3298.71 5093.68 0.65

ANALYSIS:-

Material Management

From the above table it is clear that there is a negative value in the working

capital ratio during the year 2011-2012 due to the increase in the current

liabilities=Rs 7639.52Lakhs and the current assets =6292.29Lakhs. So why the

working capital is having the negative value.

GRAPH NO:5.4

GRAPH SHOWING INVENTORY TO WORKING CAPITAL.

2011-2012 2012-2013 2013-2014 2014-2015

-2

-1.5

-1

-0.5

0

0.5

1

-1.83

0.76 0.72 0.65

INTERPRETATION:

From the above graph it can be inferred that due to increase in the current

liabilities value, due to this slight changes in the level of inventory of a

Material Management

company during the year 2014-2015, so why there is a slight variations in the

working capital.

TABLE NO:5.5

TABLE SHOWING ANNUAL CONSUMPTION OF RAW

MATERIALS

Rs.in Lakhs

YEARANNUAL

CONSUMPTION OF R/M(IN LAKHS)

2011-2012 2123.08

2012-2013 3072.8

2013-2014 3824.67

2014-2015 3139.53

Material Management

ANALYSIS:-

From the above table it is clear that the annual consumption of raw

material has been increased in the year 2013-2014 when compared to other previous

years, but there is a decrease in the values of annual consumption of raw materials during

the year 2014-2015.

GRAPH NO:5.5

GRAPH SHOWING CONSUMPTION OF RAW MATERIAL

.

2011-2012 2012-2013 2013-2014 2014-20150

500

1000

1500

2000

2500

3000

3500

4000

4500

2123.08

3072.8

3824.67

3139.53

Material Management

INTERPRETATION:-

From the above graph it can be inferred that there is more annual

consumption of raw materials in the year 2013-2014, may be due to a more production

and more demand to a product, and there is a increase in the consumption of raw

materials year by year.

TABLE NO:5.6

TABLE SHOWING THE STOCK OF WORK IN PROGRESS.

ANALYSIS:-

The above table indicates the stock of work in progress, the stock has been

increased in the WIP from the year on year, there is a more increase in the year 2014-

2015, i.e.. Rs. 196.86 Lakhs.

YEARWORK IN PROGERSS(IN

LAKHS)

2011-2012 58.99

2012-2013 113.56

2013-2014 161.42

2014-2015 196.86

Material Management

GRAPH NO:5.6

GRAPH SHOWING STOCK OF WORK IN PROGRESS

2011-2012 2012-2013 2013-2014 2014-20150

50

100

150

200

250

58.99

113.56

161.42

196.86

INTERPRETATION:-

Material Management

From the above graph it can be inferred that during the year 2014-

2015 there is more increase in the value, because the orders during this year is more when

compared to other years.

TABLE NO: 5.7

TABLE SHOWING INVENTORY CONVERSION PERIOD.

Inventory conversion period = Noof days∈a yearStock turnover ratio .

.

YEAR NO OF DAYS IN A YEAR

STOCK TURNOVER

RATIO

INVENTORY CONVERSION

PERIOD (DAYS)

2011-2012 365 2.19 167

2012-2013 365 2.25 162

2013-2014 365 2.08 175

2014-2015 365 1.93 189

Material Management

ANALYSIS:-

From the above table it is clear that the stock turnover ratio has been

decreased from 2014-2015, when compared to other years, but there is a increase in the

inventory conversion period during the year 2014-2015.

GRAPH NO: 5.7

GRAPH SHOWING INVENTORY CONVERSION PERIOD.

2011-2012 2012-2013 2013-2014 2014-20151.7

1.8

1.9

2

2.1

2.2

2.3

2.19

2.25

2.08

1.93

INTERPRETATION:-

Material Management

From the above graph it can be inferred that there is a

decrease in the stock turnover ratio due to increase in the average stock and the cost of

goods sold during the year 2014-2015, There is a increase in the inventory conversion

period due to decrease in the stock turnover ratio during the year 2014-2015.

TABLE NO:5.8

TABLE SHOWING AVERAGE STOCK OF RAW MATERIAL.

Average stock of raw material =

OpeningStock of Rawmaterial+Closing Stock of Rawmaterial2

Rs.in Lakhs

YEAR O/S OF RAW MATERIAL

C/S OF RAW

MATERIAL

AVERAGE STOCK OF

RAW MATERIAL

2011-2012 3024.54 3135.77 3080.15

2012-2013 3135.77 3669.03 3402.4

2013-2014 3669.03 4084.93 3876.98

Material Management

2014-2015 3583.56 3583.56 3583.56

ANALYSIS:-

From the above table it can be analyzed that the average stock of raw

material in the year 2011-2012 was 3080.15, 2012-2013 was 3402.4, 2013-2014 was

3876.98 and in the year 2014-2015 was 3583.56.This shows the increasing trend of

average stock of raw material.

GRAPH NO:5.8

GRAPH SHOWING AVERAGE STOCK OF RAW MATERIAL

2011-2012 2012-2013 2013-2014 2014-20150

500

1000

1500

2000

2500

3000

3500

4000

4500

3080.153402.4

3876.983583.56

INTERPRETATION:

Material Management

From the above graph it can inferred that there is no drastic changes in the average stock

when compare to previous year 2013-2014. The company has maintained consistency in

purchase of raw material during the year 2014-2015.

TABLE NO: 5.9

TABLE SHOWING CURRENT RATIO

Rs. In Lakhs

YEAR CURRENT ASSETS

CURRENT LIABILITIES

CURRENT RATIO

2011-2012 6,292.29 7,639.52 0.82

2012-2013 12,133.31 8,632.67 1.4

2013-2014 11,828.45 7,407.10 1.59

2014-2015 11,991.62 6,897.94 1.74

Material Management

ANALYSIS:

From the above table it is clear that the current assets are more when compare to current

liabilities except in the year 2011-2012, but there is a increase in the current assets and

current liabilities, and also the current ratio during the year 2014-2015.

GRAPH NO:5.9

GRAPH SHOWING CURRENT RATIO

2011-2012 2012-2013 2013-2014 2014-20150

0.2

0.4

0.6

0.8

1

1.2

1.4

1.6

1.8

2

0.82

1.4

1.591.74

INTERPRETATION:

Material Management

From the above graph it can be inferred that there is a slight increase in the year 2014-

2015, which indicates good liquidity position of the business in the year 2014-2015.

TABLE NO:5.10

TABLE SHOWING DEBTOR’S TURNOVER RATIO

Dr’s turnover ratio= Net annual salesAverage Debtors

Average Dr’s = OpeningDebtors+Closing Debtors2

Rs. In Lakhs

YEARNET

ANNUAL SALES

AVERAGE DR’S

DR’S TURNOVER

RATIO

2011-2012 5,482.11 2535.8 2.16

Material Management

2012-2013 5,767.64 2,795.10 2.06

2013-2014 6,103.82 3010.81 2.02

2014-2015 6,275.52 3731.6 1.68

ANALYSIS:

From the above table it can be analyzed that there is a increase in the year on year and

also the average Dr’s has been increased in the year 2014-2015, but the Dr’s turnover

ratio has been decreased in the year 2014-2015.

GRAPH NO:5.10

GRAPH SHOWING DR’S TURNOVER RATIO

2011-2012 2012-2013 2013-2014 2014-20150

0.5

1

1.5

2

2.5

2.162.06 2.02

1.68

Material Management

INTERPRETATION:

From the above graph it can be inferred that due to lower ratio in the year 2014-2015, the

management has to give more interest towards the collection of the money in a better

way.

TABLE NO:5.11

TABLE SHOWING STOCK TURNOVER RATIO

Stock turnover ratio = Sales

Average inventory

Average inventory =Openinginventory+Closinginventory

2

Rs. in Lakhs

YEAR SALES AVERAGE INVENTORY

STOCK TURNOVER

RATIO

2011-2012 5,482.11 2,498.83 2.19

2012-2013 5,767.64 2,567.28 2.25

Material Management

2013-2014 6,103.82 2,932.54 2.08

2014-2015 6,275.52 3,245 1.93

ANALYSIS:

From the above table it is observed that there is a increase in the Average inventory and

the Sales during the year 2014-2015, when compared to other previous years, but the

stock turnover ratio has been decreased in the year 2014-2015.

GRAPH NO : 5.11

GRAPH SHOWING STOCK TURNOVER RATIO

2011-2012 2012-2013 2013-2014 2014-20151.7

1.8

1.9

2

2.1

2.2

2.3

2.19

2.25

2.08

1.93

Material Management

INTERPRETATION:

From the above graph it can be inferred that the company has more inventory by the

anticipation of the sales which have not occurred in the year 2014-2015, so the stock

turnover ratio has been decreased during these year.

TABLE NO:5.12

TABLE SHOWING CURRENT ASSET TURNOVER RATIO

Rs. In Lakhs

YEAR SALESCURRENT

ASSETS

CURRENT ASSET

TURNOVER

RATIO

2011-2012 5,482.11 6,292.29 0.87

2012-2013 5,767.64 2,133.27 0.47

2013-2014 6,103.82 11,828.45 0.52

2014-2015 6,275.52 11,991.62 0.52

ANALYSIS:

Material Management

From the above table it is clear that there is a decrease in the current assets during the

year 2011-2012 due to the cash & bank balances & the capital work in progress values,

in the year 2012-2013 due to the gradual increase in the current assets the Current asset

turnover ratio has been decreased.

GRAPH NO :5.12

TABLE SHOWING CURRENT ASSET TURNOVER RATIO

2011-2012 2012-2013 2013-2014 2014-20150

0.1

0.2

0.3

0.4

0.5

0.6

0.7

0.8

0.9

1

0.87

0.470.52 0.52

INTERPRETATION:

Material Management

From the above graph it can be inferred that there is no much impact on the business ,

because the ratio is constant during the year 2013-2014, 2014-2015 which implies the

company has made more product sales with minimum investments in the current assets

during these years.

TABLE NO : 5.13

TABLE SHOWING AVERAGE COLLECTION PERIOD

Average period=Noof working days∈a yearDebtors turnover ratio

YEARNO OF

WORKING DAYS

DR’S TURNOVER

RATIO

AVERAGE COLLECTION

PERIOD

2011-2012 365 2.16 169

2012-2013 365 2.06 177

2013-2014 365 2.02 181

2014-2015 365 1.68 217

Material Management

ANALYSIS:

The above table depicts the average collection period due to changes in the debtor

turnover ratio the collection period has been increased. The Dr,s turnover ratio has been

decreased year by year due to increase in the net annual sales and the average Dr’s.

GRAPH NO : 5.13

GRAPH SHOWING AVERAGE COLLECTION PERIOD

2011-2012 2012-2013 2013-2014 2014-20150

50

100

150

200

250

2.16 2.06 2.02 1.68

169 177 181

217

Material Management

INTERPRETATION:

From the above graph it can be inferred that the company has not followed the stringent

collection procedure so the collection period has been increased in the year 2014-2015.

TABLE NO:5.14

TABLE SHOWING INVENTORY TURNOVER RATIO

INVENTORY TURNOVER RATIO ¿ Cost of goods soldAverage inventory

YEAR COST OF GOODS SOLD

AVERAGE INVENTORY

INVENTORY TURNOVER

RATIO

2011-2012 3144.67 2498.83 1.26

2012-2013 3579.09 2567.28 1.39

2013-2014 3806.93 2932.54 1.29

2014-2015 3630.89 3245 1.12

Material Management

ANALYSIS:

From the above table it is clear that there is a fluctuations in the values during the year

2013-2014 and in the year 2014-2015 when compare other previous years.

GRAPH NO: 5.14

GRAPH SHOWING INVENTORY TURNOVER RATIO

2011-2012 2012-2013 2013-2014 2014-20150

0.2

0.4

0.6

0.8

1

1.2

1.4

1.6

1.261.39

1.29

1.12

Material Management

INTERPRETATION:

From the above graph it is inferred that there is a decrease in the ratio due to reduction in

the demand and also the high inventory in the year 2014-2015.

TABLE NO : 5.15

TABLE SHOWING STOCK TURNOVER IN DAYS

STOCK TURNOVER IN DAYS = AVERAGE STOCK* 365 DAYS/

COST OF GOODS SOLD

Rs. In Lakhs

YEAR AVERAGE STOCK * 365 DAYS

COST OF GOODS SOLD

STOCK TURNOVER IN

DAYS

2011-2012 2498.83*365 3144.67 290

2012-2013 2567.28*365 3579.09 262

Material Management

2013-2014 2932.54*365 3806.93 281

2014-2015 3245*365 3630.89 326

ANALYSIS:

From the above table it shows that the average stock of the company has been increased

due to the increase in the production of the products and the addition of some of the

products during the year 2014-2015.

GRAPH NO:5.15

GRAPH SHOWING STOCK TURNOVER IN DAYS

Material Management

2011-2012 2012-2013 2013-2014 2014-20150

500

1000

1500

2000

2500

3000

3500

4000

3144.67

3579.093806.93

3630.89

290 262 281 326

COST OF GOODS SOLDSTOCK TURNOVER IN DAYS

INTERPRETATION:

From the above graph it can be inferred that the company holds the inventory for 326

days during the year 2014-2015, because of the decrease in the sales or demand to the

products during this year.

CHAPTER- 6

FINDINGS

Objective of the study:-

Material Management

1. To study the Material management system in the company.

4. To analyses the Material management performance through turn over

ratio.

3. To make suggestions if there are any problems with regard to Material

management.

4. To identify the critical arias of Material management in the company.

5. To analyses the defects in Material management.

6. To identify the defects in Material management.

7. To know the Material techniques in Material management.

8. To introduce the modern methods in Material management.

9. To study the Material management system in the company.

10. To identify the modern Material system.

11. To identify the existing Material system.

Scope of the study:-

The study is helps to analyses the Material managements in Tata Steel

Ltd-Wire Division and the main objective is to reallocate the any defects made by

the firm helps to utilization.

FINDINGS

Material Management

The percentage of the Inventory to Net sales has been increased in the year 2014-

2015 when compared to other years.

Due to increase in the Inventory and the Current assets the inventory to current

ratio has been increased in the year 2014-2015.

The percentage o the working capital has been increased from -1.83 to , 65 during

the year 2014- 2015.

The net sales of the company as increased in the year 2014 – 2015, as a result of

this inventory to net sales as increased to 52.56%.

The increase in the total assets in the year 2014-2015 the percentage of the

inventory to total assets has been decreased to 46.92% in the year 2014-2015.

The annual consumption of the raw materials has been increased to Rs. 3,324.67

Lakhs in the year 2013-2014.

The average collection period have been increased by 217 days in the year 2014-

2015.

The turnover ratio have been decreased by 1.93 in the year 2014-2015.

The current asset turnover ratio have been decreased in the year 2014-2015.

CHAPTER- 7

Material Management

SUGGESTIONS AND CONCLUSION

SUGGESTIONS

By going through all the procedures followed in Tata Steel Ltd-Wire Division we can say

that the management of the inventories play a major role in the success of the

organization. As a whole the firm is following a good purchase procedure over different

materials, the company will be purchasing only certain materials from the outside of the

company for the production purposes. But there are certain content in the existing

Material Management system. Hence on the basis of the study the following suggestions

can be given. I hope that suggestions will be taken by the organization in a right spirit and

implemented.

It is found that in every production units there are A, B and C item

It is suggested to keep the materials A class items in some units, B class items in some

units, and C class items in some units so that it is very easy to identify the items in a

order wise and they can give attention towards each and every unit according to their

importance.

Method of Analysis

It is found that the company is using the ABC analysis to a large extent, hence

it is suggested to follow the different methods for classification such as

Classification Basis

VED To know the importance of critically Vital,

Essential, Desirables.

FSN To know the place at which materials

Moves (fast

Moving, slow moving, none moving)

HML To know the unit price of materials

Material Management

( high, medium, low)

SDE To know the difficulties in procurement

(Scare, difficult, easy to obtain)

Reduction in Lead time

The company must try to minimize the lead time at the time of production, so that

the company can reduce the production time so the company can meet the

customers expectations. It is suggested that the company should be adopt some

new management systems in order to communicate vendors in a short span of

time their by reducing the lead time. Hence the organization can compete at the

International market and have a better future.

CONCLUSION

Material Management

Material Management is one of the basic important functions of every business. An

average manufacturing organization in India has more than 60% of its current asset

invested in inventories. Therefore, by following proper efficient Material Management

principles, the company can certainly reduce the cost of inventory and can improve its

bottom line and thereby, becoming competitive, which in turn will improve its market

share.

The research topic Material Management has a greater implications on Indian industry,

from the analysis of Material Management in Tata Steel Ltd-Wire Division, it is very

clear that, it has achieved greater importance in production control to a large extent. It is

also enhances the arising need of the organization, in respect of Material Management.

The Material Management in Tata Steel Ltd-Wire Division, the inventories of the

company other than disposable scrap are valued at lower of cost or net realizable value.

The cost of materials is ascertained by using the weighted average cost formula.

Adequate provision is made for inventory which is more than five years old which may

not be required for further use.

Therefore Material Management acts as the “Pulse” of any organization, and will have

impact on all other activities in the organization. Though Material Management

comprises huge investment, it gives good results, when good inventory control

techniques are adopted, and thus enhances the smooth functioning in production.

This study has helped me a lot in obtaining good knowledge of Material Management in

Tata Steel Ltd-Wire Division. Hereby Material Management is an essential element in

any organization, provide it is maintained tactfully by adopting latest techniques and

utilizing best resulting from computerization.

Finally I conclude that the company is maintaining the good Material Management in

order to meet the future demands.

Material Management

BIBLIOGRAPHY

1. K.Ashwathappa and K.Shridar Bhat - Production and Operations

Management, Himalaya Publishing House.

2. TATA STEEL LTD-WIRE DIVISION Booklets.

3. Dr. Monshi and Dr. Gayithri Reddy - Research Methodology,

Himalaya Publications.

4. Broachers.

5. Company Website.

WWW.tatasteelltd.com

ANNEXURE

http://WWW.tatasteelltd.com/

Material Management

Financial Statement of TATA STEEL LTD-WIRE DIVISION.

Particulars Mar '14 Mar '13 Mar '12 Mar '11 Mar '10

12 mths 12 mths 12 mths 12 mths 12 mths

Sources Of FundsTotal Share Capital 80 80 80 80 80Equity Share Capital 80 80 80 80 80Preference Share Capital 0 0 0 0 0Reserves 6,937.24 6,223.69 5,542.21 4,922.57 4,265.68Revaluation Reserves 0 0 0 0 0Net worth 7,017.24 6,303.69 5,622.21 5,002.57 4,345.68Secured Loans 12.61 19.17 14.76 0.41 0.73Unsecured Loans 0 0 0 0 0Total Debt 12.61 19.17 14.76 0.41 0.73Total Liabilities 7,029.85 6,322.86 5,636.97 5,002.98 4,346.41Application Of FundsGross Block 2,206.77 2,054.07 1,885.03 1,789.00 1,702.17Less: Accum. Depreciation 1,555.83 1,478.62 1,374.87 1,305.29 1,212.21Net Block 650.94 575.45 510.16 483.71 489.96Capital Work in Progress 196.86 161.42 113.56 58.99 31.43Investments 11.98 11.98 11.98 11.98 11.98Inventories 3,298.71 3,191.29 2,673.80 2,460.77 2,536.90Sundry Debtors 4,128.54 3,334.67 2,686.95 2,903.25 2,168.36Cash and Bank Balance 4,564.37 5,302.49 6,772.52 928.27 596.74Total Current Assets 11,991.62 11,828.45 12,133.27 6,292.29 5,302.00Loans and Advances 1,675.88 1,868.83 2,089.38 778.06 1,700.44Fixed Deposits 0 0 0 5,591.09 2,981.67Total CA, Loans & Advances 13,667.50 13,667.50 14,222.65 12,661.44 9,984.11Current Liabilities 6,897.94 7,407.10 8,632.67 7,639.52 4,476.20Provisions 599.49 716.17 588.72 573.6 1,694.88Total CL & Provisions 7,497.43 8,123.27 9,221.39 8,213.12 6,171.08Net Current Assets 6,170.07 5,574.01 5,001.26 4,448.32 3,813.03Miscellaneous Expenses 0 0 0 0 0Total Assets 7,029.85 6,322.86 5,636.96 5,003.00 4,346.40Contingent Liabilities Book Value(Rs) 773.64 787.36 1,119.72 266.69 205.77

Profit and Loss Account of TATA STEEL LTD-WIRE

DIVISION.

Particulars Mar '14 Mar '13 Mar '12 Mar '11 Mar '10

Material Management

12mths 12 mths 12 mths 12 mths 12 MthsINCOME

Sales Turnover 6,275.52 6,103.82 5,767.64 5,540.68 5,237.51Excise Duty 0 0 0 58.57 41.88

Net Sales 6,275.52 6,103.82 5,767.64 5,482.11 5,195.63Other Income 428.47 609.98 585.49 326.11 243.54

Stock Adjustments -47.33 278 89.95 5.58 28.11Total Income 6,656.66 6,991.80 6,443.08 5,813.80 5,467.28

ExpenditureRaw Materials 3,583.56 4,084.93 3,669.03 3,135.77 3,024.54

Power & Fuel Cost 37.37 34.13 26.9 30.45 27.22Employee Cost 1,030.43 1,110.79 1,081.23 1,041.86 1,009.58

Other Manufacturing Expenses 0 0 0 17.05 15.87Selling and Admin Expenses 0 0 0 260.84 240.75

Miscellaneous Expenses 685.72 509.49 465.82 61.23 62.43Preoperative Exp Capitalised 0 0 0 -0.19 -0.36

Total Expenses 5,337.08 5,739.34 5,242.98 4,547.01 4,380.03Operating Profit 891.11 642.48 614.61 940.68 843.71

PBDIT 1,319.58 1,252.46 1,200.10 1,266.79 1,087.25Interest 3.4 0.78 0.6 10.79 9.37PBDT 1,316.18 1,251.68 1,199.50 1,256.00 1,077.88

Depreciation 142.1 130.71 120.8 122.04 115.94Profit Before Tax 1,174.08 1,120.97 1,078.70 1,133.96 961.94

Extra-ordinary items 0.65 -6.37 -3.86 22.64 84.06PBT (Post Extra-ord Items) 1,174.73 1,114.60 1,074.84 1,156.60 1,046.00

Tax 243.12 224.76 244.95 295.09 324.88Reported Net Profit 931.62 889.83 829.9 861.47 720.87

Total Value Addition 1,753.51 1,654.41 1,573.94 1,411.24 1,355.50Preference Dividend 0 0 0 0 0

Equity Dividend 186.4 178.4 166.4 172.8 153.6Corporate Dividend Tax 31.68 29.95 26.99 28.22 25.7

Per share data (annualised)Shares in issue (lakhs) 800 800 800 800 800Earning Per Share (Rs) 116.45 111.23 103.74 107.68 90.11Equity Dividend (%) 233 223 208 216 192

Book Value (Rs) 877.15 787.96 702.78 625.32 543.21

Material management project report

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