ANNUAL RESULT

Gross Sales
Other Income
Total Income
Total Expenditure
PBIDT
Interest
PBDT
Depreciation
Tax
Deferred Tax
Reported Profit After Tax
Extra-ordinary Items
Adjusted Profit After Extra-ordinary item

Mar-12
(Rs.Cr)
344
7
358
290
68
6
62
23
10
2
27
7
20

Mar-11
(hRs.Cr)
266
10
282
219
63
6
58
20
7
1
30
10
20

Mar-10
(Rs.Cr)
158
1
166
136
29
6
23
12
1
0
10
0
10

EPS (Unit Curr.)

EPS (Adj) (Unit Curr.)
Calculated EPS (Unit Curr.)
Calculated EPS (Adj) (Unit Curr.)
Calculated EPS (Ann.) (Unit Curr.)
Calculated EPS (Adj) (Ann.) (Unit Curr.)
Book Value (Unit Curr.)
Dividend (%)
Equity
Reserve & Surplus
Face Value

22.2
22.2
22.2
22.2
22.2
22.2
0.0
30.0
12
149.8
10.0

24.6
24.6
24.6
24.6
24.6
24.6
0.0
30.0
12
125.4
10.0

8.6
8.6
8.6
8.6
8.6
8.6
0.0
15.0
12
98.9
10.0

4,892,465
40.53

4,877,626
40.41

4,610,496
38.20

19.72
17.93
7.78

23.77
21.66
11.18

18.55
14.66
6.58

Particulars

Non-Promoter Holding Shares

Non-Promoter Holding (%)
PBIDTM(%)
PBDTM(%)
PATM(%)

PROFIT&LOSS
Particulars
Mar-11 Mar-10 Mar-09 Mar-08 Mar-07 Mar-06
INCOME :
Sales Turnover 265.89 158.44 206.81 190.95 176.46 164.96
Excise Duty
0.00
0.00
0.00
0.04 0.01 0.02
Net Sales
265.89 158.44 206.81 190.91 176.45 164.94
Other Income
16.09
7.13
7.56
5.99 5.73 4.28
Stock
14.85 -4.51 -1.71
6.23 0.00 0.21
Adjustments
Total Income
296.83 161.06 212.66 203.13 182.18 169.43
EXPENDITURE
:
Raw Materials
113.08 69.43 97.64 87.90 82.09 80.44
Power & Fuel
34.37 17.46 22.77 20.75 18.43 16.70
Cost
Employee Cost
26.52 15.52 16.59 14.58 11.18 9.52
Other
Manufacturing
27.99 11.68 14.83 17.34 13.74 11.97
Expenses
Selling and
Administration
30.36 16.94 20.97 18.77 16.80 16.95
Expenses
Mar-11Mar-10Mar-09Mar-08Mar-07 Mar-06
Miscellaneous
0.59
0.26
0.24
0.42 0.37 0.33
Expenses
Less: Preoperative
0.00
0.00
0.00
0.00 0.00 0.00
Expenses
Capitalised
Total
232.91 131.29 173.04 159.76 142.61 135.91
Expenditure
Operating Profit 63.92 29.77 39.62 43.37 39.57 33.52
Interest
6.05
6.35
9.01
4.38 4.04 3.16
Gross Profit
57.87 23.42 30.61 38.99 35.53 30.36
Depreciation
19.81 11.60 16.39 18.17 16.72 14.13
Profit Before
38.06 11.82 14.22 20.82 18.81 16.23
Tax
Tax
7.29
1.50
3.22
4.98 5.06 4.01
Fringe Benefit
0.00
0.00
0.05
0.08 0.12 0.12
tax
Deferred Tax
1.04 -0.10
0.73
0.97 -0.45 0.31
Reported Net
29.73 10.42 10.22 14.79 14.08 11.79
Profit
Extraordinary
9.52
0.70
0.00
0.00 0.00 -0.02
Items

Adjusted Net
20.21
Profit
Adjst. below Net
0.00
Profit
P & L Balance
0.64
brought forward
Statutory
0.00
Appropriations
Appropriations
24.22
P & L Balance
6.15
carried down
Dividend
3.62
Preference
0.00
Dividend
Equity Dividend
30.00
%
Earnings Per
24.13
Share-Unit Curr
Earnings Per
Share(Adj)-Unit 24.13
Curr
Book Value107.12
Unit Curr

9.72

10.22

0.00

0.00

0.00

0.00

0.00

2.34

2.23

2.97

3.01

3.27

0.00

0.00

0.00

0.00

0.00

12.12

10.11

0.64

2.34

2.23

2.97

3.01

1.81

1.81

3.02

1.81

1.81

0.00

0.00

0.00

0.00

0.00

15.00

15.00

50.00 30.00 30.00

8.38

8.22

23.64 22.80 19.12

8.38

8.22

11.82 11.40

86.03

14.79 14.08 11.81

15.53 14.12 12.05

9.56

79.15 144.77 126.13 106.32

BALANCE SHEET

Particulars
SOURCES OF FUNDS :
Share Capital
Reserves Total
Total Shareholders Funds
Secured Loans
Unsecured Loans
Total Debt
Total Liabilities
APPLICATION OF FUNDS :
Gross Block
Less : Accumulated Depreciation
Less:Impairment of Assets
Net Block
Lease Adjustment
Capital Work in Progress
Investments
Current Assets, Loans & Advances
Inventories
Sundry Debtors

12.07 12.07 12.07 6.04 6.04 6.04

117.22 91.77 83.47 81.40 70.14 58.18
129.29 103.84 95.54 87.44 76.18 64.22
129.30 114.34 111.35 96.53 54.21 60.54
0.00 0.00 0.00 7.22 8.74 4.04
129.30 114.34 111.35 103.75 62.95 64.58
258.59 218.18 206.89 191.19 139.13128.80
303.97 268.36 240.56 212.06 175.30145.25
158.31 138.53 127.93 111.54 93.54 77.14
0.00 0.00 0.00 0.00 0.00 0.00
145.66 129.83 112.63 100.52 81.76 68.11
0.00 0.00 0.00 0.00 0.00 0.00
1.80 21.98 25.11 21.91 11.38 9.37
0.11 0.31 0.31 0.31 0.31 0.31
65.86 30.54 40.68 42.61 27.00 31.96
42.21 28.91 16.68 18.24 15.97 16.50

Cash and Bank

Loans and Advances
Total Current Assets
Less : Current Liabilities and Provisions
Current Liabilities
Provisions
Total Current Liabilities
Net Current Assets
Miscellaneous Expenses not written off
Deferred Tax Assets
Deferred Tax Liability
Net Deferred Tax
Total Assets
Contingent Liabilities

1.22 6.07 0.86 0.86 0.69 0.21

34.02 24.48 28.11 35.56 22.09 22.20
143.31 90.00 86.33 97.27 65.75 70.87
12.94 13.44 5.39 14.03 7.46 7.91
11.22 3.42 4.92 8.35 7.14 6.03
24.16 16.86 10.31 22.38 14.60 13.94
119.15 73.14 76.02 74.89 51.15 56.93
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.45 0.00
8.13 7.08 7.18 6.44 5.92 5.92
-8.13 -7.08 -7.18 -6.44 -5.47 -5.92
258.59 218.18 206.89 191.19 139.13128.80
7.45 4.79 10.08 11.39 11.04 4.52

Company
|
Sector
|
Latest

21-May-12
21-May-12
21-May-12
04-May-12
30-Jan-12
01-Nov-11

Record date for MM Forgings interim dividend announced

M M Forgings net profit declines 43.58% in the March 2012 quarter
MM Forgings declares interim dividend
MM Forgings to consider interim dividend
M M Forgings net profit rises 11.17% in the December 2011 quarter
MM Forgings

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Company
Bharat Forge
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Mahindra Forg.
Ramkrishna Forg.
Nelcast
Hinduja Foundrie

Market Cap
(Rs. in Cr.)
7,002.62
3,402.82
557.19
522.95
489.52
479.28
225.60
211.41
146.95

P/E P/BV
EV/EBIDTA
(TTM) (TTM)
(x)
(x)
(x)
17.14 3.27
12.32
22.55 3.55
15.10
13.12 0.33
6.63
4.61 0.84
3.57
9.07 0.40
4.60
57.78 0.56
21.67
9.29 1.20
5.02
4.57 0.87
1.45
0.00 1.06
11.69

ROE
(%)

ROCE
(%)

D/E
(x)

17.6
16.4
9.5
18.9
12.7
0.0
15.8
6.4
4.4

16.6
24.0
9.8
18.2
15.0
0.0
15.3
8.0
6.7

0.94
0.00
0.83
0.91
1.51
0.18
1.38
0.71
2.66

M M Forgings
Steelcast
KIC Metaliks
Sanghvi Forg.
Tayo Rolls
Kalyani Forge
Prev Next

102.90
94.37
93.01
87.43
70.02
59.90

5.27 0.64
7.81 2.00
28.42 8.88
18.37 1.47
0.00 -13.36
4.47 0.66

4.23
6.04
9.99
0.00
0.00
4.29

17.3
10.1
44.5
25.6
0.0
10.1

14.5
11.5
14.7
27.5
0.0
13.3

1.05
1.22
3.63
0.83
2.27
0.87