Balance Sheet of Gujarat Alkalies and Chemicals

Mar 18 Mar 17 Mar 16 Mar 15 Mar 14

12 mths 12 mths 12 mths 12 mths 12 mths

EQUITIES AND LIABILITIES

SHAREHOLDER'S FUNDS
Equity Share Capital 73.44 73.44 73.44 73.44 73.44
Total Share Capital 73.44 73.44 73.44 73.44 73.44
Reserves and Surplus 3,749.19 3,283.34 2,854.67 2,063.25 1,890.29
Total Reserves and Surplus 3,749.19 3,283.34 2,854.67 2,063.25 1,890.29
Total Shareholders Funds 3,822.63 3,356.78 2,928.10 2,136.69 1,963.73

NON-CURRENT LIABILITIES
Long Term Borrowings 229.81 284.35 222.47 91.67 151.79
Deferred Tax Liabilities [Net] 350.98 306.42 325.37 316.57 336.32
Other Long Term Liabilities 0.00 0.00 0.00 0.00 21.95
Long Term Provisions 90.71 80.50 70.30 55.34 41.49
Total Non-Current Liabilities 671.50 671.27 618.14 463.58 551.54

CURRENT LIABILITIES
Short Term Borrowings 4.33 6.83 2.75 3.23 4.10
Trade Payables 278.56 225.77 184.83 230.97 96.14
Other Current Liabilities 187.62 170.17 154.53 111.99 86.89
Short Term Provisions 7.70 5.79 6.15 44.67 335.84
Total Current Liabilities 478.21 408.56 348.26 390.85 522.97
Total Capital And Liabilities 4,972.34 4,436.61 3,894.51 2,991.12 3,038.24
ASSETS

NON-CURRENT ASSETS
Tangible Assets 2,356.13 2,073.19 1,820.77 1,656.39 1,615.25
Intangible Assets 0.00 0.27 0.30 0.00 0.00
Capital Work-In-Progress 0.00 143.37 79.51 66.79 100.51
Intangible Assets Under Development 0.00 7.38 3.32 0.00 0.00
Fixed Assets 2,356.13 2,224.20 1,903.90 1,723.18 1,715.76
Non-Current Investments 1,144.86 1,005.95 845.97 190.86 179.72
Long Term Loans And Advances 0.56 0.75 0.15 236.05 41.02
Other Non-Current Assets 195.80 192.93 248.57 15.45 50.18
Total Non-Current Assets 3,697.35 3,423.84 2,998.59 2,165.54 1,986.68
CURRENT ASSETS
Current Investments 2.30 11.21 8.70 2.28 2.12
Inventories 265.47 169.90 184.64 186.31 174.66
Trade Receivables 403.28 328.75 326.44 305.81 298.83
Cash And Cash Equivalents 134.11 131.08 50.18 187.01 237.46
Short Term Loans And Advances 376.29 292.13 256.56 125.65 338.49
OtherCurrentAssets 93.54 79.71 69.39 18.51 0.00
Total Current Assets 1,274.99 1,012.78 895.92 825.57 1,051.56
Total Assets 4,972.34 4,436.61 3,894.51 2,991.12 3,038.24

OTHER ADDITIONAL INFORMATION

CONTINGENT LIABILITIES, COMMITMENTS

Contingent Liabilities 0.00 968.75 834.92 777.65 624.19

CIF VALUE OF IMPORTS

Raw Materials 0.00 160.34 182.73 130.69 151.00
Stores, Spares And Loose Tools 0.00 2.78 10.70 6.72 4.32
Trade/Other Goods 0.00 0.00 1.49 2.02 2.20
Capital Goods 0.00 142.43 0.33 0.92 4.40

EXPENDITURE IN FOREIGN EXCHANGE

Expenditure In Foreign Currency 0.00 319.23 10.77 8.51 11.61

REMITTANCES IN FOREIGN CURRENCIES FOR DIVIDENDS

Dividend Remittance In Foreign Currency - - - - -

EARNINGS IN FOREIGN EXCHANGE

FOB Value Of Goods - 241.39 219.95 170.72 252.32
Other Earnings - - - - -
BONUS DETAILS
Bonus Equity Share Capital - 3.28 3.28 3.28 3.28

NON-CURRENT INVESTMENTS
Non-Current Investments Quoted Market - 664.02 467.71 258.63 194.06
Non-Current Investments Unquoted Book - 338.92 378.20 94.41 83.29

CURRENT INVESTMENTS
Current Investments Quoted Market Value - 11.21 8.70 9.99 12.76
Current Investments Unquoted Book Valu - 0.00 0.00 - 0.00

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Yearly Results of Gujarat Alkalies and Chemicals

Mar '18 Mar '17 Mar '16 Mar '15 Mar '14

Net Sales/Income from operations 2,454.50 2,023.04 1,955.97 1,931.81 1,882.85

Other Operating Income -- 47.17 10.13 16.31 13.21
Total Income From Operations 2,454.50 2,070.21 1,966.10 1,948.12 1,896.06
EXPENDITURE
Consumption of Raw Materials 655.35 647.55 668.9 675.57 717.22
Purchase of Traded Goods 1.76 4.28 12.98 6.14 --
Increase/Decrease in Stocks 1.47 5.67 -1.95 25.04 -4.46
Power & Fuel 522.07 484.66 550.75 574.68 450.23
Employees Cost 201.39 169.76 162.35 166.99 151.44
Depreciation 127.31 110.92 107.1 98.06 150.65
Excise Duty -- -- -- -- --
Admin. And Selling Expenses -- -- -- -- --
R & D Expenses -- -- -- -- --
Provisions And Contingencies -- -- -- -- --
Exp. Capitalised -- -- -- -- --
Other Expenses 285.78 308.67 239.02 225.78 208.17
P/L Before Other Inc. , Int., Excpt. Ite 659.37 338.7 226.95 175.86 222.81
Other Income 105.75 55.92 46.22 48.95 30.27
P/L Before Int., Excpt. Items & Tax 765.12 394.62 273.17 224.81 253.08
Interest 14.9 12.84 8.08 9.33 6.35
P/L Before Exceptional Items & Tax 750.22 381.78 265.09 215.48 246.73
Exceptional Items -- -- -- -- --
P/L Before Tax 750.22 381.78 265.09 215.48 246.73
Tax 215.2 73.68 43.42 -12.38 61.53
P/L After Tax from Ordinary Activities 535.02 308.1 221.67 227.86 185.2
Prior Year Adjustments -- -- -- -- -0.18
Extra Ordinary Items -- -- -- -- --
Net Profit/(Loss) For the Period 535.02 308.1 221.67 227.86 185.02
Equity Share Capital 73.44 73.44 73.44 73.44 73.44
Reserves Excluding Revaluation Reser 3,749.19 3,283.34 2,854.67 2,063.25 1,890.29
Equity Dividend Rate (%) 65 50 45 45 40

EPS Before Extra Ordinary

Basic EPS 72.85 41.95 30.18 31.03 25.2
Diluted EPS 72.85 41.95 30.18 31.03 25.2

EPS After Extra Ordinary

Basic EPS 72.85 41.95 30.18 31.03 25.2
Diluted EPS 72.85 41.95 30.18 31.03 25.2
Public Share Holding
No Of Shares (Crores) -- -- -- 3.95 3.95
Share Holding (%) -- -- -- 53.72 53.72

Promoters and Promoter Group Shareholding

a) Pledged/Encumbered
- Number of shares (Crores) -- -- -- -- --
- Per. of shares (as a % of the total sh -- -- -- -- --
- Per. of shares (as a % of the total S -- -- -- -- --
b) Non-encumbered
- Number of shares (Crores) -- -- -- 3.4 3.4
- Per. of shares (as a % of the total sh -- -- -- 100 100
- Per. of shares (as a % of the total S -- -- -- 46.28 46.28
Notes

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Key Financial Ratios of Gujarat Alkalies and Chemicals

Mar 18 Mar 17 Mar 16 Mar 15 Mar 14

Per Share Ratios

Basic EPS (Rs.) 72.85 41.95 29.94 31.03 25.20
Diluted EPS (Rs.) 72.85 41.95 29.94 31.03 25.20
Cash EPS (Rs.) 90.19 57.06 44.57 44.38 45.71
Book Value [ExclRevalReserve]/S 520.51 457.09 398.72 290.95 267.40
Book Value [InclRevalReserve]/S 520.51 457.09 398.72 290.95 267.40
Dividend / Share(Rs.) 6.50 5.00 4.50 4.50 4.00
Revenue from Operations/Share 334.22 281.90 271.72 265.27 258.18
PBDIT/Share (Rs.) 121.52 68.84 51.75 43.97 54.98
PBIT/Share (Rs.) 104.18 53.73 37.12 30.61 34.46
PBT/Share (Rs.) 102.15 51.99 35.77 29.34 33.60
Net Profit/Share (Rs.) 72.85 41.95 29.94 31.03 25.19
Profitability Ratios
PBDIT Margin (%) 36.35 24.41 19.04 16.57 21.29
PBIT Margin (%) 31.17 19.06 13.66 11.54 13.34
PBT Margin (%) 30.56 18.44 13.16 11.06 13.01
Net Profit Margin (%) 21.79 14.88 11.01 11.69 9.75
Return on Networth / Equity (%) 13.99 9.17 7.50 10.66 9.42
Return on Capital Employed (%) 11.90 7.64 6.20 8.76 7.35
Return on Assets (%) 10.75 6.94 5.64 7.61 6.08
Total Debt/Equity (X) 0.06 0.09 0.08 0.04 0.08
Asset Turnover Ratio (%) 49.36 46.66 51.23 65.13 62.40
Liquidity Ratios
Current Ratio (X) 2.67 2.48 2.57 2.11 2.01
Quick Ratio (X) 2.11 2.06 2.04 1.64 1.68
Inventory Turnover Ratio (X) 9.25 12.18 10.81 10.46 10.86
Dividend Payout Ratio (NP) (%) 0.00 10.72 15.02 14.50 15.87
Dividend Payout Ratio (CP) (%) 0.00 7.88 10.09 10.13 8.75
Earnings Retention Ratio (%) 0.00 89.28 84.98 85.50 84.13
Cash Earnings Retention Ratio ( 0.00 92.12 89.91 89.87 91.25
Valuation Ratios
Enterprise Value (Cr.) 5,237.16 3,148.31 1,386.78 1,078.13 1,259.04
EV/Net Operating Revenue (X) 2.13 1.52 0.69 0.55 0.66
EV/EBITDA (X) 5.87 6.23 3.65 3.34 3.12
MarketCap/Net Operating Revenu 2.09 1.44 0.61 0.60 0.71
Retention Ratios (%) 0.00 89.27 84.97 85.49 84.12
Price/BV (X) 1.34 0.89 0.41 0.55 0.68
Price/Net Operating Revenue 2.09 1.44 0.61 0.60 0.71
Earnings Yield 0.10 0.10 0.18 0.19 0.14
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Quarterly Results of Gujarat Alkalies and Chemicals

Jun '18 Mar '18 Dec '17 Sep '17 Jun '17

Net Sales/Income from operations 752.85 697.32 617.61 595.00 544.18

Other Operating Income -- -- -- -- --
Total Income From Operations 752.85 697.32 617.61 595 544.18
EXPENDITURE
Consumption of Raw Materials 206.01 178.26 162.99 156.75 157.35
Purchase of Traded Goods 1.63 -- 1.76 -- --
Increase/Decrease in Stocks 6.9 -10.92 -8.33 12.26 8.46
Power & Fuel 111.8 147.8 149.13 125.48 99.66
Employees Cost 51.22 33.92 62.9 55.19 49.38
Depreciation 32.77 29.75 31.11 36.76 29.69
Excise Duty -- -- -- -- --
Admin. And Selling Expenses -- -- -- -- --
R & D Expenses -- -- -- -- --
Provisions And Contingencies -- -- -- -- --
Exp. Capitalised -- -- -- -- --
Other Expenses 87.92 55.43 70.16 84.76 75.43
P/L Before Other Inc. , Int., Excpt. Items & 254.6 263.08 147.89 124.19 124.21
Other Income 8.71 59.97 9.93 27.79 8.06
P/L Before Int., Excpt. Items & Tax 263.31 323.05 157.82 151.98 132.27
Interest 3.94 3.53 3.71 3.56 4.1
P/L Before Exceptional Items & Tax 259.37 319.52 154.11 148.42 128.17
Exceptional Items -- -- -- -- --
P/L Before Tax 259.37 319.52 154.11 148.42 128.17
Tax 76.2 98.46 41.9 42.03 32.81
P/L After Tax from Ordinary Activities 183.17 221.06 112.21 106.39 95.36
Prior Year Adjustments -- -- -- -- --
Extra Ordinary Items -- -- -- -- --
Net Profit/(Loss) For the Period 183.17 221.06 112.21 106.39 95.36
Equity Share Capital 73.44 73.44 73.44 73.44 73.44
Reserves Excluding Revaluation Reserves -- -- -- -- --
Equity Dividend Rate (%) -- -- -- -- --

EPS Before Extra Ordinary

Basic EPS 24.94 30.1 15.28 14.48 12.99
Diluted EPS 24.94 30.1 15.28 14.48 12.99

EPS After Extra Ordinary

Basic EPS 24.94 30.1 15.28 14.48 12.99
Diluted EPS 24.94 30.1 15.28 14.48 12.99
Public Share Holding
No Of Shares (Crores) -- -- -- -- --
Share Holding (%) -- -- -- -- --

Promoters and Promoter Group Shareholding

a) Pledged/Encumbered
- Number of shares (Crores) -- -- -- -- --
- Per. of shares (as a % of the total sh. o -- -- -- -- --
- Per. of shares (as a % of the total Share -- -- -- -- --
b) Non-encumbered
- Number of shares (Crores) -- -- -- -- --
- Per. of shares (as a % of the total sh. o -- -- -- -- --
- Per. of shares (as a % of the total Share -- -- -- -- --
Notes

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