31.03.

2015

31.03.2014

EQUITY AND LIABILITIES

SHAREHOLDERS FUNDS
Share Capital
Reserves and Surplus
MINORITY INTEREST

1,510

1,510

241,674

213,454

243,184

214,964

134

122

NON-CURRENT LIABILITIES
Long Term Borrowings

2783

6274

Deferred Tax Liabilities (Net)

4,844

5962

Other Long Term Liabilities

1,059

2,476

2958

2007

11,644

16,719

525

12379

56,568

49,989

Other Current Liabilities

19166

13853

Short Term Provisions

13565

6,729

89,824

82,950

344,786

314,755

121947

108,493

Long Term Provisions

CURRENT LIABILITIES
Short Term Borrowings
Trade Payables

TOTAL
ASSETS
NON-CURRENT ASSETS
Fixed Assets
Tangible Assets
Intangible Assets

2,948

1,844

18901

26395

143,796

136,732

Non-Current Investments

99,918

15212

Long Term Loans and Advances

13,666

16,533

442

538

257,822

169,015

Current Investments

33,059

90,059

Inventories

26,744

17,632

11443

14,891

432

6,486

12,017

12839

3,269

3,833

86,964

145,740

344,786

314,755

Capital Work in Progress

Other Non-Current Assets

CURRENT ASSETS

Trade Receivables
Cash and Bank Balances
Short Term Loans and Advances
Other Current Assets
TOTAL

31.03.2013

1,510

31.03.2012

1,445

188,768

155,302

190,278

156,747

106

7049

1698

4176

3069

2,588

1,028

2259

1693

16,072

7,488

8639

10924

42,772

34,658

10884

15939

6,419

5,236

68,714

66,757

275,170

230,992

97,977

75,340

2,240

2,115

19665

9427

119,882

86,882

21710

17909

12,878

13,458

8946

323

163,416

118,572

52,504

47,541

18,872

18,378

15,355

10,066

8,148

24,634

11343

7990

5,532

3,811

111,754

112,420

275,170

230,992

REVENUE FROM OPERATIONS

Gross Sale of Products
Less: Excise Duty
Net Sale of Products
Other Operating Revenue
Other Income
Total Revenue
EXPENSES
Cost of Material Consumed
[Share of Joint Ventures ` 4,604 million (Previous Year ` 3,802 million)]
Purchase of Stock-in-Trade
[Share of Joint Ventures ` 33 million (Previous Year ` 253 million)]
Change in Inventories of Finished Goods,Work-in-Progress and Stock-in-Trade
Employees Benefit Expenses
Finance Costs
Depreciation and Amortisation Expense
Other Expenses
Vehicles / Dies for Own Use
Total Expenses
Profit Before Tax
Less : Tax Expense -Current Tax
[Share of Joint Ventures ` 152 million (Previous Year 19 Million
-MAT Credit Availed
-Deferred Tax
[Share of Joint Ventures ` 36 million (Previous Year ` (40) million)]
Minority Interest
Share of profit in respect of investment in Associates
Profit for the year
Basic / Diluted Earnings Per Share of Rs. 5 each

31.03.2015

31.03.2014

31.03.2013

31.03.2012

545459

485305

487970

391569

52,509

52587

55811

39597

492950

432718

432159

351972

15,064

12700

10885

8927

508,014

445418

443044

360899

8,650

7,393

8,301

8,443

516,664

452,811

451,345

369,342

333,612

293,452

307,898

271,046

27144

24874

22420

15579

-4609

204

192

-1,506

16,710

14237

11202

8779

2178

1845

1978

616

25153

21,160

18,897

11,625

67407

60,044

58,495

42,177

-691

-343

-438

-427

466,904

415,473

420,644

347,889

49,760

37,338

30,701

21,453

13363

7,740

7,419

4,183

-704

-904

-805

1282

-300

932

37,906

28,316

24,486

16,338

-12

-16

-13

180

229

219

474

38,074

28,529

24,692

16,812

126.04

94.44

81.74

58.19

A.

B.

C.

CASH FLOW FROM OPERATING ACTIVITIES:

Net Profit Before Tax
Adjustments for:
Depreciation
Finance Cost
Interest Income
Dividend Income
Share of profit in respect of investment in associates
Share of minority interest
Net Loss on Sale / Discarding of Fixed Assets
Profit on sale of investments (net)
Provisions no Longer Required Written Back
Provision for Doubtful Advances
Unrealised Foreign Exchange (Gain)/ Loss
Operating Profit before working capital changes
Adjustments for changes in Working Capital :
-Increase/(Decrease) in Trade Payables
-Increase/(Decrease) in Short Term Provisions
-Increase/(Decrease) in Long Term Provisions
-Increase/(Decrease) in Other Current Liabilities
-Increase/(Decrease) in Other Long Term Liabilities
-(Increase)/Decrease in Trade Receivables
-(Increase)/Decrease in Inventories
-(Increase)/Decrease in Short Term Loans and Advances
-(Increase)/Decrease in Long Term Loans and Advances
-(Increase)/Decrease in Other Current Assets
-(Increase)/Decrease in Other Non Current Assets
Cash generated from Operating Activities
-Taxes (Paid) (Net of Tax Deducted at Source)
Net Cash from Operating Activities
CASH FLOW FROM INVESTING ACTIVITIES:
Purchase of Fixed Assets
Sale of Fixed Assets
Sale of Investments
Purchase of Investments
Investments in Deposits with Banks
Maturities of Deposits with Banks
Interest Received
Dividend Received
Net Cash from Investing Activities
CASH FLOW FROM FINANCING ACTIVITIES:
Proceeds from Short Term borrowings
Repayment of Short Term borrowings
Proceeds from Long Term borrowings
Repayment of Long Term borrowings
Interest Paid
Dividend Paid

Corporate Dividend Tax Paid

Net Cash from Financing Activities
Net Increase/(Decrease) in Cash & Cash Equivalents
Cash and Cash Equivalents as at 1 April (Opening Balance)
st

Cash and cash equivalents as at 1 April 2012-acquired on amalgamation

st

Cash and Cash Equivalents as at 31 March (Closing Balance)

st

31.03.2015

31.03.2014

31.03.2013

31.03.2012

49,760

37,338

30,701

21,451

25153

21,160

18,897

11,627

2178

1845

1978

616

-1,089

-2,270

-3,135

-4,042

-541

-545

-426

-727

180

229

219

474

-12

-16

-13 -

483

149

332

157

-6,867

-4,555

-4,234

-2,575

-1452

-912

-472

-1092

63

-3

-1315

1425

556

67,790

51,109

45,335

26,445

8,031

8,129

6,335

7,738

178

243

252

977

951

-252

524

1,375

4,243

873

-497

5,414

-80

18

93

-23

3,448

464

-4,121

-1,253

-9,112

1240

3431

-3992

822

-1496

-2198

-961

-593

-4,131

-968

-3,655

370

2,475

-2,011

-2,377

94

-144

-79

132

76,142

58,528

46,096

29,820

-10,751

-8,582

-5,507

-3,268

65,391

49,946

40,589

26,552

-32,792

-35449

-35725

-29919

161

89

438

70

152,699

104498

118465

159913

-173538

-131000

-126946

-168395

-9,000

-15,000

-22,600

5,600

18,400

22,600

24,130

1,519

1,948

3,502

4,266

541

545

426

727

-45,810

-49,969

-32,240

-31,808

525

12379

8639

10924

-12379

-8639

-10924

-403

390

265

1688

-2,114

-215

-4,588

-1,413

-2,216

-1701

-2083

-490

-3,625

-2,417

-2,167

-2,167

-616

-411

-351

-351

-20,035

-739

-9,786

6,100

-454

-762

-1437

844

886

1,648

2,034

1,190

1051

1,648

2,034

432

886

Ratio

Return on Equity

Return on Sales or Profit Margin

Asset Turnover

Return on Assets

Leverage Measure 1

Net Operating Profit Margin

Net Operating Asset Turnover

Return on Net Operating Assets

Gross Margin

10

Operating Expenses to Sales

11

Earnings Per Share

12

Debtor Turnover

13

Debt Collection Period

14

Inventory Turnover

15

Inventory Holding Period

16

Payables Turnover

17

Days Payable

18

Cash to Cash Cycle

19

Current Ratio

20

Quick Ratio

21

Debt to Equity Ratio

22

Interest Coverage

23

Operating Cash Flows to Current Liabilities

38,086
229202
492950
329770.5
162,803
3308
10980.5
39501.7

240182.5

Column2

Numerator
Profit after Tax
and
ProfitPreferred
after Tax
and
SalesPreferred
Profit after Tax
and
Preferred
Average
Total
Assets
Net Operating
Profit
Sales
Net Operating
Profit
Gross Margin
Operating
Expenses
Sales
360
Cost of Goods
Sold
360
Purchases
360
Debt Collection
Period +
Inventory Holding

Current Assets
Cash +
Marketable
Long term +
Short
term
Profit before
Interest
and
Tax
Operating
Cash
Flows

31.03.2015

31.03.2014

Additional Calculations
Profit after Tax and Preferred Dividends

38,086

28,545

Average Shareholder's Equity

229202

202735

Sales

492950

432718

329770.5

294962.5

159,534

141,667

3,308

18,653

Net Financial Obligations

10,981

17,171

Net Operating Profit

39,502

29,744

Net Operating Assets

246,626

233,739

Cost of Goods Sold

368,793

329,351

Gross Margin

124,157

103,367

96,624

84,620

302080060

302080060

Average Debtors

13167

15123

Average Inventories

22188

18252

Purchases

364,472

317,271

Average Accounts Payable

53278.5

46380.5

1415.7

1199.25

0.13

0.07

3.55%

6.54%

0.05

0.08

0.17%

0.55%

Average Total Assets

Financial Assets
Financial Liabilities

Operating Expenses
Weighted Average Shares

Net Financial Income/Expense

Net Borrowing Cost
Operating Spread
Leverage
Spread*leverage

Denominator
Average Shareholder's Equity
Sales

Column1

Mar - 15
16.62%
7.73%

Average Total Assets

1.49

Average Total Assets

11.55%

Average Shareholder's Equity

Sales

1.44
8.01%

Average Net Operating Assets

2.05

Average Net Operating Assets

16.45%

Sales

25.19%

Sales

19.60%
126.08

Average Debtors

37.44

Debtor Turnover

9.62

Average Inventories

19.42

Inventory Turnover

18.54

Average Accounts Payable

Payables Turnover

6.84
52.62
-24.47

Current Liabilities

0.97

Current Liabilities

0.50

Shareholder's equity
Interest Expense
Current Liabilities

0.0136
22.85
0.73

31.03.2013

31.03.2012
24,705

16,812

173565.5
432159
253081
115,529

111,855 (Non-Current Investments, Long Term Loan and Advances, Other Non Curren
12,622

15,688
14,155

(Short Term Borrowing, Long Term Borrowing, Finanacial Assets)

17,212 (PAT, Finance Costs)
169,369 (SE, NL)

25,991
206,072
340,922

(Other Expenses include Consumption of Stores, Power and Fuel, R&M (Plant

91,237
78,182

(Employee Benefit Expenses, Depreciation, Other Expenses excluding Manu

302080060

(From Balance Sheet)

12710.5
18625
330,234

(Packaging costs not there)

38715
1285.7
0.09
4.76%
0.08
0.39%

Mar - 14

Mar - 13
14.08%

14.23%

6.60%

5.72%

1.47

1.71

9.68%

9.76%

1.45

1.46

6.87%

6.01%

1.97

2.30

13.53%

13.85%

23.89%

21.11%

19.56%

18.09%

94.49

81.78

28.61

34.00

12.58

10.59

20.88

20.75

17.24

17.35

6.84

8.53

52.63

42.20

-22.80

-14.27

1.76

1.63

1.34

1.11

0.0867

0.0824

20.24

15.52

0.60

0.59

and Advances, Other Non Current Assets, Current Investments, Cash and Bank Balances, Short Term Loans and Advances)

ng, Finanacial Assets)

ores, Power and Fuel, R&M (Plant and Machinery), Tool/ Machinery Charged Up)
Other Expenses excluding Manufacturing)

Term Loans and Advances)