Asian

Financial Statement Analysis
Ticker: APNT IN Equity
Periodicity: Annuals
Currency: INR
Note: Years shown on the report are Fiscal Years
Company: Asian Paints Ltd
Filing: Most Recent
Consolidation Basis: Consolidated Data
Enterprise Value
For the period ending

Market Capitalization
- Cash & Equivalents
+ Preferred Equity
+ Minority Interest
+ Total Debt
Enterprise Value
Total Capital
Total Debt/Total Capital
Total Debt/EV
EV/Sales
EV/EBITDA
EV/EBIT
EV/Cash Flow to Firm
EV/Free Cash Flow to
Firm
Diluted Market Cap

Diluted Enterprise
Value
EV/Shares Outstanding
Reference Items
Trailing 12 Month
Values for Ratios
Sales
EBITDA
EBIT
Cash Flow To Firm
Free Cash Flow To
Firm
Restated:2009 A
2009-3-31
75,426.52
2,103.70
0.00
755.70
4,881.60
78,960.12
17,669.00
27.63
0.06
1.45
11.31
12.68
19.93
91.75
Original:2010 A
2010-3-31
195,566.04
6,374.70
0.00
944.50
5,280.00
195,415.84
23,324.30
22.64
0.03
2.92
15.84
16.99
18.05
28.42
Restated:2011 A
2011-3-31
242,274.18
9,875.80
0.00
1,098.90
2,334.30
235,831.58
25,307.40
9.22
0.01
3.05
17.65
19.29
29.45
36.58
Restated:2012 A
2012-3-31
310,971.92
9,045.90
0.00
1,366.90
3,661.90
306,954.82
32,513.80
11.26
0.01
3.20
19.87
21.56
41.93
165.23
Restated:2013 A
2013-3-31
471,661.53
8,509.20
0.00
1,607.70
3,085.30
467,845.33
38,535.90
8.01
0.01
4.30
26.79
29.39
38.39
81.37
Restated:2014 A
2014-3-31
525,592.43
12,720.70
0.00
2,460.20
2,800.40
518,132.33
45,652.80
6.13
0.01
4.12
25.54
29.23
35.39
42.71
Original:2015 A
2015-3-31
778,197.17
13,954.00
0.00
2,636.70
4,395.50
771,275.37
54,455.80
8.07
0.01
5.51
34.14
38.75
61.18
95.60
Current
2016-2-10
837,379.64
15,433.60
0.00
2,892.10
4,938.80
829,776.94
5.57
31.15
34.80
Estimate:2016 A
2016-3-31
5.34
29.36
31.27
Estimate:2017 A
2017-3-31
4.64
24.80
25.22
75,426.52
78,960.12
195,566.04
195,415.84
242,274.18
235,831.58
310,971.92
306,954.82
471,661.53
467,845.33
525,592.43
518,132.33
778,197.17
771,275.37
837,379.67
830,457.87
82.32
203.73
245.86
320.01
487.75
540.17
804.08
54,639.00
6,984.40
6,228.20
3,961.13
860.63
66,809.40
12,334.50
11,498.90
10,829.07
6,875.97
77,223.00
13,358.60
12,227.30
8,007.63
6,446.63
95,983.30
15,449.50
14,238.20
7,321.25
1,857.75
108,743.50
17,464.80
15,918.80
12,187.37
5,749.57
125,816.40
20,284.70
17,728.50
14,642.11
12,132.01
140,053.30
22,589.30
19,906.00
12,605.73
8,067.93
149,018.80
26,641.10
23,842.40
155,421.73
28,262.97
26,537.56
178,877.35
33,463.57
32,907.00
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Bloomberg 02/10/2016 04:04:04

Currency: INR
Filing: Most Recent
Multiples

P/E
Average
High
Low
P/Book
Average
High
Low
P/Tangible Book
Average
High
Low
P/Cash Flow
Average
High
Low
P/Free Cash Flow

Average
High
Low
EV/Sales
Average
High
Low
EV/EBITDA
Average
High
Low
Dividend Yield
Average
High
Low
EV/EBIT
Average
High
Low
Price/Share
High
Low
Enterprise Value
Average
High
Low

Restated:2009 A
2009-3-31
18.96
24.36
30.19
16.62
6.27
10.14
12.57
6.27
6.61
10.74
13.31
6.61
19.73
20.45
25.33
13.95
104.27
55.74
104.27
37.87
1.45
2.31
2.85
1.44
11.31
15.18
18.73
10.46
2.23
1.69
2.40
1.32
12.68
16.65
20.54
11.47
78.64
133.40
68.09
78,960.12
101,947.43
125,776.77
70,232.41
Original:2010 A
2010-3-31
23.40
35.32
49.91
18.83
11.44
11.69
16.50
6.23
11.81
12.32
17.39
6.56
18.30
36.72
51.93
18.30
29.04
193.83
274.49
29.04
2.92
2.64
3.70
1.44
15.84
20.59
28.92
11.23
1.32
1.27
2.24
0.85
16.99
23.09
32.43
12.59
203.88
209.60
76.51
195,415.84
144,178.04
201,998.87
78,422.45
Restated:2011 A
2011-3-31
28.73
28.88
34.02
23.20
11.08
14.10
16.63
11.08
11.39
14.56
17.17
11.39
30.85
22.61
30.85
18.14
38.51
35.85
42.22
28.79
3.05
3.61
4.25
2.90
17.65
19.54
23.02
15.70
1.27
1.09
1.34
0.91
19.29
20.96
24.70
16.84
252.58
302.73
200.50
235,831.58
241,030.41
283,998.89
193,627.04
Restated:2012 A
2012-3-31
31.45
33.98
37.70
28.67
11.31
13.10
14.53
11.05
11.60
13.47
14.94
11.36
43.98
36.54
43.98
30.79
193.52
46.16
193.52
38.43
3.20
3.62
4.03
3.05
19.87
20.96
23.30
17.61
1.23
1.08
1.27
0.97
21.56
22.89
25.46
19.24
324.20
338.70
246.21
306,954.82
280,117.04
311,265.79
235,202.54
Restated:2013 A
2013-3-31
42.34
38.80
48.58
31.40
13.94
13.95
17.47
11.30
14.25
14.30
17.91
11.58
39.52
54.18
67.93
39.52
85.80
238.03
298.90
85.80
4.30
3.96
4.96
3.19
26.79
24.59
30.83
19.84
0.94
1.01
1.24
0.80
29.39
26.68
33.45
21.52
491.73
505.00
320.40
467,845.33
380,085.00
476,282.10
306,460.92
Restated:2014 A
2014-3-31
43.11
41.32
47.93
33.76
13.01
13.59
15.78
11.11
13.80
13.91
16.13
11.36
36.52
38.55
44.73
31.50
44.24
83.55
97.12
44.24
4.12
4.20
4.87
3.42
25.54
26.13
30.35
21.31
0.97
0.96
1.17
0.83
29.23
28.67
33.30
23.38
547.95
561.75
373.40
518,132.33
456,579.21
530,073.27
372,189.32
Original:2015 A
2015-3-31
55.80
52.63
71.62
39.15
16.41
15.88
21.62
11.82
17.80
16.85
22.93
12.53
63.02
44.65
63.02
33.17
99.64
54.19
99.64
40.17
5.51
5.04
6.88
3.73
34.14
31.27
42.68
23.16
0.75
0.81
1.07
0.58
38.75
35.78
48.83
26.50
811.30
922.80
494.70
771,275.37
634,625.74
865,649.66
469,836.70
Current
2016-2-10
60.04
17.66
19.15
67.82
107.22
5.57
31.15
0.70
34.80
873.00
888.50
866.65
829,776.94
Estimate:2016 A
2016-3-31
45.88
14.81
40.74
5.34
29.36
0.93
31.27
Estimate:2017 A
2017-3-31
38.38
12.49
35.64
4.64
24.80
1.15
25.22
Bloomberg 02/10/2016 04:04:04

Currency: INR
Filing: Most Recent
Standardized

Sales
Gross Profit
+ Other Operating
Income
- Operating Expenses
Operating profit (loss)
- Interest Expense
- Foreign Exchange
Losses (Gains)
- Net Non-Operating
Losses (Gains)
Pretax Income
- Tax Provision
Income Before XO
Items
- Extraordinary Loss
Net of Tax
- Minority Interests
Net profit (loss)
- Total Cash Preferred
Dividends
Net Inc Avail to
Common Shareholders
Abnormal Losses
(Gains)
Tax Effect on
Abnormal Items
Normalized Income
Basic EPS Before

Abnormal Items
Basic EPS Before XO
Items
Basic EPS
Basic Weighted Avg
Shares
Diluted EPS Before
Abnormal Items
Diluted EPS Before XO
Items
Diluted EPS
Diluted Weighted Avg
Shares
Reference Items
Accounting Standard
EBITDA
EBITDA Margin (T12M)
Gross Margin
Operating Margin
Profit Margin
Sales per Employee

Restated:2009 A
2009-3-31
54,639.00
25.50
Original:2010 A
2010-3-31
66,809.40
23.50
Restated:2011 A
2011-3-31
77,223.00
28.20
Restated:2012 A
2012-3-31
95,983.30
369.40
Restated:2013 A
2013-3-31
108,743.50
715.30
Restated:2014 A
2014-3-31
125,816.40
1,402.10
Original:2015 A
2015-3-31
140,053.30
1,854.50
Current/LTM
2015-12-31
149,018.80
1,960.10
Estimate:2016 A
2016-3-31
155,421.73
72,539.98
Estimate:2017 A
2017-3-31
178,877.35
83,160.08
48,436.30
6,228.20
201.80
222.40
55,334.00
11,498.90
201.90
-79.00
65,023.90
12,227.30
222.30
-25.00
82,114.50
14,238.20
357.40
348.30
93,540.00
15,918.80
360.40
64.90
109,490.00
17,728.50
365.20
148.90
122,001.80
19,906.00
375.30
-111.20
127,136.50
23,842.40
26,537.56
32,907.00
-364.70
-1,194.20
-567.40
-1,008.30
-1,058.60
-1,128.30
-1,126.80
-1,361.40
6,168.70
1,973.90
4,194.80
12,570.20
3,731.10
8,839.10
12,597.40
3,783.90
8,813.50
14,540.80
4,335.00
10,205.80
16,552.10
4,956.90
11,595.20
18,342.70
5,715.10
12,627.60
20,768.70
6,495.40
14,273.30
25,025.80
7,935.90
17,089.90
27,067.62
18,212.22
32,231.92
21,779.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
216.40
3,978.40
0.00
482.70
8,356.40
0.00
381.10
8,432.40
0.00
318.50
9,887.30
0.00
456.40
11,138.80
0.00
439.50
12,188.10
0.00
321.80
13,951.50
0.00
505.60
16,584.30
0.00
18,074.06
21,687.00
3,978.40
8,356.40
8,432.40
9,887.30
11,138.80
12,188.10
13,951.50
16,584.30
18,212.22
21,779.00
12.40
-11.50
0.00
0.00
0.00
99.60
275.70
548.60
0.00
0.00
0.00
0.00
-31.03
-86.23
-189.37
3,990.80
4.16
8,344.90
8.70
8,432.40
8.79
9,887.30
10.31
11,138.80
11.61
12,256.67
12.78
14,140.97
14.74
16,943.53
17.67
4.15
8.71
8.79
10.31
11.61
12.71
14.54
17.29
18.93
22.89
4.15
959.20
8.71
959.20
8.79
959.20
10.31
959.20
11.61
959.20
12.71
959.20
14.54
959.20
17.29
959.20
18.93
22.89
4.16
8.70
8.79
10.31
11.61
12.78
14.74
17.67
4.15
8.71
8.79
10.31
11.61
12.71
14.54
17.29
4.15
959.20
8.71
959.20
8.79
959.20
10.31
959.20
11.61
959.20
12.71
959.20
14.54
959.20
17.29
959.20
IN GAAP
6,984.40
12.78
11.40
7.28
12,826,056.34
IN GAAP
12,334.50
18.46
17.21
12.51
15,246,325.52
IN GAAP
13,358.60
17.30
15.83
10.92
16,642,887.93
IN GAAP
15,449.50
16.10
14.83
10.30
19,441,624.47
IN GAAP
17,464.80
16.06
14.64
10.24
20,768,430.10
IN GAAP
20,284.70
16.12
14.09
9.69
21,433,798.98
IN GAAP
22,589.30
16.13
14.21
9.96
23,749,923.69
26,641.10
17.88
16.00
11.13
28,262.97
18.18
46.67
17.07
11.72
33,463.57
18.71
46.49
18.40
12.18
Bloomberg 02/10/2016 04:04:04

Currency: INR
Filing: Most Recent

Dividends per Share
Total Cash Common
Dividends
Interest Income
Capitalized Interest
Expense
Research &
Development Expense
Personnel Expense
Export sales
Depreciation Expense
Rental Expense

Restated:2009 A
2009-3-31
1.75
1,678.60
Original:2010 A
2010-3-31
2.70
2,589.80
Restated:2011 A
2011-3-31
3.20
3,069.40
Restated:2012 A
2012-3-31
4.00
3,836.90
Restated:2013 A
2013-3-31
4.60
4,412.30
Restated:2014 A
2014-3-31
5.30
5,083.70
Original:2015 A
2015-3-31
6.10
5,851.20
Current/LTM
2015-12-31
Estimate:2016 A
2016-3-31
8.15
Estimate:2017 A
2017-3-31
10.08
56.90
0.00
110.60
0.00
104.90
0.00
64.50
137.30
138.70
115.10
533.60
296.40
359.00
437.30
505.50
566.00
716.40
3,715.20
290.00
743.80
413.30
4,362.80
344.60
835.60
504.40
4,539.90
439.50
621.00
5,259.70
422.50
879.60
6,235.60
1,693.50
1,546.00
1,406.60
7,597.10
1,985.60
2,456.60
1,759.90
9,071.10
1,999.20
2,659.00
2,031.40
9,576.10
Bloomberg 02/10/2016 04:04:04

Currency: INR
Filing: Most Recent
Standardized

Assets
+ Cash & Near Cash
Items
+ Short-Term
Investments
+ Accounts & Notes
Receivable
+ Inventories
+ Other Current Assets
Total Current Assets
+ LT Investments & LT
Receivables
+ Net Fixed Assets
+ Gross Fixed Assets
- Accumulated
Depreciation
+ Other Long-Term
Assets
Total Long-Term Assets
Total Assets
Liabilities & Shareholders'

Equity
+ Accounts Payable
+ Short-Term
Borrowings
+ Other Short-Term
Liabilities
Total Current Liabilities
+ Long-Term Borrowings
+ Other Long-Term
Liabilities
Total Long-Term
Liabilities
Total Liabilities
+ Total Preferred Equity
+ Minority Interest
+ Share Capital & APIC
+ Retained Earnings &
Other Equity
Total Equity
Total Liabilities & Equity
Reference Items
Accounting Standard
Publication Date
Shares Outstanding
Number of Treasury
Shares
Amount of Treasury
Shares
Pension Obligations
Operating Leases

Original:2010 A
2010-3-31
928.90
Restated:2011 A
2011-3-31
6,210.70
Restated:2012 A
2012-3-31
6,089.10
Restated:2013 A
2013-3-31
7,049.10
Restated:2014 A
2014-3-31
2,146.60
Original:2015 A
2015-3-31
1,917.90
Current
2016-2-10
Estimate:2016 A
2016-3-31
Estimate:2017 A
2017-3-31
5,445.80
3,665.10
2,956.80
1,460.10
10,574.10
12,036.10
5,425.20
5,731.00
7,812.50
9,808.80
11,103.00
11,798.50
9,558.80
2,394.60
23,753.30
924.70
13,054.30
2,014.90
30,676.00
624.60
15,988.90
2,219.40
35,066.70
697.20
18,302.90
3,440.90
40,061.80
1,501.20
20,698.60
4,629.70
49,152.00
3,711.30
22,585.20
5,214.20
53,551.90
3,858.80
12,626.30
18,343.50
5,717.20
12,931.40
19,494.00
6,562.60
18,510.60
26,284.40
7,773.80
24,248.90
33,355.10
9,106.20
24,023.40
35,376.70
11,353.30
24,861.60
38,081.40
13,219.80
541.50
1,873.80
2,864.70
2,056.60
3,889.20
6,852.50
14,092.50
37,845.80
15,429.80
46,105.80
22,072.50
57,139.20
27,806.70
67,868.50
31,623.90
80,775.90
35,572.90
89,124.80
7,183.20
4,586.50
10,874.40
1,753.30
12,624.50
3,108.70
14,415.70
2,612.30
17,457.20
2,386.40
15,487.50
3,612.70
6,776.00
8,178.90
10,137.10
12,271.90
14,743.90
16,072.10
18,545.70
693.50
562.30
20,806.60
581.00
1,745.10
25,870.30
553.20
1,863.80
29,299.90
473.00
2,645.00
34,587.50
414.00
2,922.00
35,172.30
782.80
3,109.40
1,255.80
2,326.10
2,417.00
3,118.00
3,336.00
3,892.20
19,801.50
0.00
944.50
959.20
16,140.60
23,132.70
0.00
1,098.90
959.20
20,915.00
28,287.30
0.00
1,366.90
959.20
26,525.80
32,417.90
0.00
1,607.70
959.20
32,883.70
37,923.50
0.00
2,460.20
959.20
39,433.00
39,064.50
0.00
2,636.70
959.20
46,464.40
0.00
2,892.10
18,044.30
37,845.80
IN GAAP
n/a
959.20
0.00
22,973.10
46,105.80
IN GAAP
n/a
959.20
0.00
28,851.90
57,139.20
IN GAAP
n/a
959.20
0.00
35,450.60
67,868.50
IN GAAP
n/a
959.20
0.00
42,852.40
80,775.90
IN GAAP
n/a
959.20
0.00
50,060.30
89,124.80
IN GAAP
n/a
959.20
0.00
06/03/2015
959.20
0.00
0.00
0.00
0.00
0.00
0.00
192.00
212.60
534.50
219.10
845.20
258.90
918.50
342.80
1,185.00
794.10
Bloomberg 02/10/2016 04:04:04

Currency: INR
Filing: Most Recent

Capital Leases - Short
Term
Capital Leases - Long
Term
Capital Leases - Total
% Foreign Ownership
Number Of Shareholders
Options Granted During
Period
Options Outstanding at
Period End
Net Debt
Net Debt to Equity
Tangible Common Equity
Ratio
Current Ratio
Inventory - Raw Materials
Inventory - Work in
Progress
Inventory - Finished
Goods
Other Inventory
Pure Retained Earnings
Goodwill
Investments in Associated
Companies
Number of Employees

Original:2010 A
2010-3-31
Restated:2011 A
2011-3-31
Restated:2012 A
2012-3-31
1.90
Restated:2013 A
2013-3-31
2.40
Restated:2014 A
2014-3-31
3.50
Original:2015 A
2015-3-31
6.30
Current
2016-2-10
Estimate:2016 A
2016-3-31
Estimate:2017 A
2017-3-31
4.00
5.70
8.50
23.40
15.38
48,290.00
14.45
59,280.00
5.90
17.87
60,537.00
8.10
19.44
54,813.00
0.00
12.00
19.40
87,997.00
0.00
29.70
19.50
147,143.00
0.00
0.00
0.00
0.00
-1,094.70
-6.07
44.39
-7,541.50
-32.83
46.75
-5,384.00
-18.66
47.49
-5,423.90
-15.30
49.30
-9,920.30
-23.15
48.53
-9,558.50
-19.09
51.18
-8,157.92
-14,199.18
1.28
3,794.70
429.70
1.47
4,429.20
623.60
1.36
5,385.10
621.20
1.37
6,534.00
685.10
1.42
7,685.50
870.90
1.52
7,592.20
1,021.40
4,902.10
7,130.50
8,902.20
9,738.30
10,360.80
11,715.60
432.30
6,000.00
0.00
871.00
6,000.00
371.90
1,080.40
7,000.00
415.20
0.00
1,345.50
10,000.00
447.50
1,781.40
10,000.00
1,552.00
0.00
2,256.00
10,000.00
2,927.70
0.00
4,382.00
4,640.00
4,937.00
5,236.00
5,870.00
5,897.00
Bloomberg 02/10/2016 04:04:04

Currency: INR
Filing: Most Recent
Standardized

Cash From Operating
Activities
+ Net Income
+ Depreciation &
Amortization
+ Other Non-Cash
Adjustments
+ Changes in NonCash Capital
Cash From Operations
Cash From Investing

Activities
+ Disposal of Fixed
Assets
+ Capital
Expenditures
+ Increase in
Investments
+ Decrease in
Investments
+ Other Investing
Activities
Cash From Investing
Activities
Cash from Financing

Activities
+ Dividends Paid
+ Change in ShortTerm Borrowings
+ Increase in LongTerm Borrowings
+ Decrease In LongTerm Borrowings
+ Increase in Capital
Stocks
+ Decrease in Capital
Stocks
+ Other Financing
Activities
Cash from Financing
Activities
Net Changes in Cash
Reference Items
EBITDA
Trailing 12M EBITDA
Margin
Cash Paid for Taxes
Cash Paid for Interest
Free Cash Flow
Free Cash Flow to Firm

Restated:2009 A
2009-3-31
Original:2010 A
2010-3-31
Restated:2011 A
2011-3-31
Restated:2012 A
2012-3-31
Restated:2013 A
2013-3-31
Restated:2014 A
2014-3-31
Original:2015 A
2015-3-31
Current/LTM
2015-12-31
Estimate:2016 A
2016-3-31
Estimate:2017 A
2017-3-31
3,978.40
756.20
8,356.40
835.60
8,432.40
1,131.30
9,887.30
1,211.30
11,138.80
1,546.00
12,188.10
2,556.20
13,951.50
2,683.30
16,584.30
2,798.70
520.40
157.40
53.40
72.60
836.80
1,330.90
215.40
-1,431.10
1,337.70
-1,765.00
-4,100.80
-1,586.70
-1,684.50
-4,502.40
3,823.90
10,687.10
7,852.10
7,070.40
11,934.90
14,390.70
12,347.80
217.50
120.60
57.90
62.90
70.60
156.30
161.30
-3,100.50
-3,953.10
-1,561.00
-5,463.50
-6,437.80
-2,510.10
-4,537.80
0.00
-543.60
-3,365.00
-2,903.90
-2,469.00
-8,715.90
-2,427.90
2.10
986.60
0.00
3,970.90
3,292.30
4,602.50
3,355.40
-12.70
59.10
4.50
-0.80
112.60
-378.30
-2,144.60
-2,893.60
-3,330.40
-4,863.60
-4,334.40
-5,431.30
-6,845.50
-5,593.60
-1,999.30
-15.60
-2,358.90
-529.70
-3,168.30
119.30
-3,830.70
1,088.60
-4,623.50
-1,011.50
-5,466.90
-193.70
-6,935.40
1,187.10
0.00
0.00
0.00
0.00
56.90
18.20
431.60
-25.60
-145.50
-63.80
-119.50
-61.00
-193.60
-87.90
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
-2,040.50
-3,034.10
-3,112.80
-2,861.60
-5,639.10
-5,836.00
-5,404.60
-1,110.20
6,984.40
12.78
4,322.60
12,334.50
18.46
-124.30
13,358.60
17.30
-125.60
15,449.50
16.10
864.50
17,464.80
16.06
1,709.20
20,284.70
16.12
1,349.60
22,589.30
16.13
26,641.10
17.88
28,262.97
18.18
33,463.57
18.71
1,919.20
263.20
723.40
860.63
3,169.40
284.70
6,734.00
6,875.97
3,919.20
232.10
6,291.10
6,446.63
4,295.80
404.20
1,606.90
1,857.75
4,384.60
370.90
5,497.10
5,749.57
4,801.60
423.10
11,880.60
12,132.01
6,329.40
345.10
7,810.00
8,067.93
13,525.43
17,628.93
Bloomberg 02/10/2016 04:04:04

Currency: INR
Filing: Most Recent

Free Cash Flow to
Equity
Free Cash Flow per
Basic Share
Price to Free Cash
Flow
Cash Flow to Net
Income
Direct Method
Cashflow

Restated:2009 A
2009-3-31
899.70
Original:2010 A
2010-3-31
6,179.40
Restated:2011 A
2011-3-31
6,404.50
Restated:2012 A
2012-3-31
2,638.90
Restated:2013 A
2013-3-31
4,552.10
Restated:2014 A
2014-3-31
11,667.80
Original:2015 A
2015-3-31
9,502.10
Current/LTM
2015-12-31
Estimate:2016 A
2016-3-31
Estimate:2017 A
2017-3-31
0.75
7.02
6.56
1.68
5.73
12.39
8.14
104.27
29.04
38.51
193.52
85.80
44.24
99.64
107.22
0.96
1.28
0.93
0.72
1.07
1.18
0.89
Bloomberg 02/10/2016 04:04:04

Currency: INR
Filing: Most Recent
Profitability

Returns
Return on Common
Equity
Return on Assets
Return on Capital
Return on Invested
Capital
Margins
Gross Margin
EBITDA Margin
Operating Margin
Incremental Operating
Margin
Pretax Margin
Income before XO
Margin
Net Income Margin
Net Income to Common
Margin
Additional
Effective Tax Rate
Dvd Payout Ratio
Sustainable Growth
Rate

Restated:2009 A
2009-3-31
36.41
Original:2010 A
2010-3-31
57.37
Restated:2011 A
2011-3-31
43.27
Restated:2012 A
2012-3-31
40.06
Restated:2013 A
2013-3-31
36.33
Restated:2014 A
2014-3-31
32.84
Original:2015 A
2015-3-31
31.77
Current/LTM
2015-12-31
Estimate:2016 A
2016-3-31
34.43
Estimate:2017 A
2017-3-31
34.46
14.85
26.39
24.86
25.26
43.82
37.53
20.09
36.89
33.48
19.15
36.17
34.42
17.82
33.35
30.78
16.40
30.60
26.99
16.42
29.03
25.45
21.12
22.59
12.78
11.40
1.00
18.46
17.21
43.31
17.30
15.83
6.99
16.10
14.83
10.72
16.06
14.64
13.17
16.12
14.09
10.60
16.13
14.21
15.29
17.88
16.00
42.37
46.67
17.07
46.49
18.40
11.29
7.68
18.82
13.23
16.31
11.41
15.15
10.63
15.22
10.66
14.58
10.04
14.83
10.19
17.15
11.58
7.28
7.28
12.51
12.51
10.92
10.92
10.30
10.30
10.24
10.24
9.69
9.69
9.96
9.96
11.13
11.29
11.72
12.18
32.00
42.19
21.05
29.68
30.99
39.59
30.04
36.40
27.52
29.81
38.81
24.52
29.95
39.61
21.94
31.16
41.71
19.14
31.27
41.94
18.45
32.51
42.83
44.30
Bloomberg 02/10/2016 04:04:04

Currency: INR
Filing: Most Recent
Per Share

Basic Shares
Outstanding
Diluted Weighted Avg
Shares
Basic Weighted Avg
Shares
Per Share Data Items

Revenue
EBITDA
Operating Income
- Basic
Net Income before XO
- Basic
Normalized Net Income
- Basic
- Diluted
Net Income before XO
- Diluted
Normalized Net Income
- Diluted
Dividends
Cash Flow
Free Cash Flow
Cash & Equivalents

Book Value
Tangible Book Value

Restated:2009 A
2009-3-31
959.20
Original:2010 A
2010-3-31
959.20
Restated:2011 A
2011-3-31
959.20
Restated:2012 A
2012-3-31
959.20
Restated:2013 A
2013-3-31
959.20
Restated:2014 A
2014-3-31
959.20
Original:2015 A
2015-3-31
959.20
Current/LTM
2015-12-31
959.20
Estimate:2016 A
2016-3-31
Estimate:2017 A
2017-3-31
959.20
959.20
959.20
959.20
959.20
959.20
959.20
959.20
959.20
959.20
959.20
959.20
959.20
959.20
959.20
959.20
56.96
7.28
6.49
4.15
69.65
12.86
11.99
8.71
80.51
13.93
12.75
8.79
100.07
16.11
14.84
10.31
113.37
18.21
16.60
11.61
131.17
21.15
18.48
12.71
146.01
23.55
20.75
14.54
155.36
27.77
24.86
17.29
18.93
22.89
4.15
8.71
8.79
10.31
11.61
12.71
14.54
17.29
18.93
22.89
4.16
8.70
8.79
10.31
11.61
12.78
14.74
17.67
4.15
8.71
8.79
10.31
11.61
12.71
14.54
17.29
4.15
8.71
8.79
10.31
11.61
12.71
14.54
17.29
4.16
8.70
8.79
10.31
11.61
12.78
14.74
17.67
1.75
3.99
0.75
2.19
12.54
11.90
2.70
11.14
7.02
6.65
17.83
17.26
3.20
8.19
6.56
10.30
22.80
22.18
4.00
7.37
1.68
9.43
28.65
27.96
4.60
12.44
5.73
8.87
35.28
34.50
5.30
15.00
12.39
13.26
42.11
39.70
6.10
12.87
8.14
14.55
49.44
45.58
8.15
21.43
58.94
10.08
24.49
69.91
Bloomberg 02/10/2016 04:04:04
10

Currency: INR
Filing: Most Recent
Stock Value

Last Price
Period-over-Period %
Change
Open Price
High Price
Low Price
Current Shares
Outstanding
Equity Float

Original:2007 A
2007-3-31
76.26
18.04
Restated:2008 A
2008-3-31
119.99
57.34
Restated:2009 A
2009-3-31
78.64
-34.47
Original:2010 A
2010-3-31
203.88
159.28
Restated:2011 A
2011-3-31
252.58
23.88
Restated:2012 A
2012-3-31
324.20
28.36
Restated:2013 A
2013-3-31
491.73
51.67
Restated:2014 A
2014-3-31
547.95
11.43
Original:2015 A
2015-3-31
811.30
48.06
Current
2016-2-10
873.00
66.40
84.79
50.00
73,148.42
959.20
75.00
131.99
72.46
115,094.14
959.20
120.00
133.40
68.09
75,426.52
958.70
80.90
209.60
76.51
195,566.04
958.70
206.90
302.73
200.50
242,274.18
958.70
256.89
338.70
246.21
310,971.92
959.20
323.90
505.00
320.40
471,661.53
959.20
492.20
561.75
373.40
525,592.43
959.20
547.75
922.80
494.70
778,197.17
959.20
888.50
888.50
866.65
837,379.64
959.20
959.20
959.20
741.24
911.71
697.25
703.11
544.65
605.46
579.88
600.19
Bloomberg 02/10/2016 04:04:04
11

Currency: INR
Filing: Most Recent
As Reported

Balance Sheet
Stockholder Equity
Minority/Non
Controlling Int
(Stckhldrs Eqty)
Total Shareholders
Equity Excluding
Minority
Total Share Capital
Total Reserve
Total Shareholders
Equity
Non Current Liabilities
Total Noncurrent
Liabilities
Deferred Income Taxes
(Liabilities)
Other Noncurrent
Liabilities
Other Provisions For
Liabilities And Charges
Other Liabilities That
Are LT Borrowings
Lines of Credit (LongTerm)
Long Term Debt
Interest Bearing
Liabilities (Noncurrent)
Shareholder Equity And
Long Term Liabilities
Noncurrent Assets
Other Intangible Assets
Goodwill
Other Noncurrent
Assets
Long Term Investments
Long-Term Loans And
Other Debtors
Construction In
Progress
Property Plant &
Equipment - Net
Deferred Income Tax
Asset (Long-Term)
Total Intangible Assets
- Net
Total Fixed Assets &
Materials
Depreciation and
Impairment
Current Assets
Cash and Equivalents

Original:2007 A
2007-3-31
600.75
Restated:2008 A
2008-3-31
573.70
Restated:2009 A
2009-3-31
755.70
Original:2010 A
2010-3-31
944.50
Restated:2011 A
2011-3-31
1,098.90
Restated:2012 A
2012-3-31
1,366.90
Restated:2013 A
2013-3-31
1,607.70
Restated:2014 A
2014-3-31
2,460.20
Original:2015 A
2015-3-31
2,636.70
Current
2016-2-10
33,842.90
40,392.20
47,423.60
959.20
6,818.72
7,777.92
959.20
8,864.50
9,823.70
959.20
11,072.50
12,031.70
959.20
16,140.60
17,099.80
959.20
20,915.00
21,874.20
959.20
26,525.80
27,485.00
959.20
32,883.70
959.20
39,433.00
959.20
46,464.40
2,752.10
2,326.10
2,417.00
3,118.00
3,336.00
3,892.20
267.86
390.80
533.10
562.30
851.80
945.60
1,567.30
1,900.10
1,801.40
127.40
134.70
93.90
91.30
111.30
765.90
783.50
983.80
930.60
1,196.70
581.00
553.20
473.00
414.00
782.80
1,015.41
1,180.50
1,201.05
1,860.71
1,451.40
1,300.70
1,253.50
1,832.70
637.00
1,655.30
13,540.30
16,406.70
20,898.90
468.62
443.50
505.50
367.30
228.60
371.90
231.20
415.20
217.10
442.30
233.50
1,413.90
255.00
2,458.10
367.10
1,927.17
2,766.50
784.00
6,241.10
624.60
1,042.10
697.20
1,964.60
1,501.20
1,046.70
3,711.30
1,303.90
3,858.80
2,784.60
137.84
1,141.80
921.10
4,072.30
433.20
6,170.80
592.10
716.00
1,960.00
4,793.81
5,775.60
8,130.30
8,728.20
12,498.20
12,339.80
23,656.80
23,307.40
22,901.60
17.30
23.50
21.90
2.00
228.60
250.50
310.60
894.50
1,240.70
10,831.48
12,112.20
14,614.10
15,003.90
6,037.67
6,336.60
6,483.80
6,275.70
1,053.93
1,107.10
2,103.70
1,058.30
6,262.30
6,243.10
7,366.90
2,290.00
2,043.60
Bloomberg 02/10/2016 04:04:04
12

Currency: INR
Filing: Most Recent

Current Portion Of
Long-Term Investments
Total Assets
Prepaid Expenses and
Other
Inventories
Short-Term Loans
Accounts Receivable Trade
Current Liabilities
Provisions For
Liabilities And Charges
& Other
Trade Payable And
Other Payables
Other Current Liabilities
Short-Term Borrowings
Total Liabilities and
Shareholders Equity
Accrued Expenses and
Other
Net Current Assets
Total Assets Less
Current Liabilities
Reference Items
Restricted Cash (ST)
Buildings
Property Plant &
Equipment - Gross
Patents/Trademarks/
Copyrights
Accounts Payable Trade
Short-Term Capital
Lease Obligations
Long Term Capital
Lease Obligations
Raw Materials
Work In Progress
Finished Goods
Income Taxes Accrued/
Payable
Other Gross Fixed
Assets
Other Inventory
Future Minimum
Operating Lease
Obligations
Rental Expense - Year
1
Rental Expense Beyond Year 5

Original:2007 A
2007-3-31
Restated:2008 A
2008-3-31
Restated:2009 A
2009-3-31
Original:2010 A
2010-3-31
Restated:2011 A
2011-3-31
3,665.10
Restated:2012 A
2012-3-31
2,850.20
Restated:2013 A
2013-3-31
1,455.60
Restated:2014 A
2014-3-31
10,524.20
Original:2015 A
2015-3-31
12,019.10
Current
2016-2-10
693.85
733.60
496.70
648.40
46,105.80
898.60
57,139.20
842.20
67,868.50
981.60
80,775.90
1,691.40
89,124.80
2,486.00
5,980.06
979.34
4,206.12
7,140.10
1,530.70
4,603.30
7,689.50
1,978.00
5,719.20
9,558.80
1,746.20
5,425.20
13,054.30
1,064.70
5,731.00
15,988.90
1,329.80
7,812.50
18,302.90
2,146.00
9,808.80
20,698.60
2,844.80
11,103.00
22,585.20
2,619.50
11,798.50
12,913.30
662.07
15,114.80
1,778.90
17,987.10
1,809.90
18,436.90
3,150.40
30,676.00
2,902.00
35,066.70
3,665.50
40,061.80
4,410.10
49,152.00
5,755.00
53,551.90
6,394.10
10,874.40
12,624.50
14,415.70
17,457.20
15,487.50
11,708.29
5,318.80
1,711.40
46,105.80
6,780.30
2,800.00
57,139.20
8,575.50
1,898.60
67,868.50
9,389.00
1,986.30
80,775.90
9,974.50
3,316.20
89,124.80
7,870.38
9,923.00
10,111.40
13,796.50
4,380.85
11,708.29
3,412.90
13,540.30
6,065.80
16,406.70
1,490.00
20,898.90
8,532.45
478.10
5,687.42
11,701.90
2,074.00
6,747.10
11,921.30
3,339.80
8,397.00
16,946.90
3,561.20
8,318.70
20,806.60
41.00
5,532.40
10,765.10
25,870.30
47.40
5,732.80
11,493.40
29,299.90
313.30
9,022.60
20,544.70
34,587.50
93.50
9,584.60
21,703.20
35,172.30
108.70
9,889.70
22,646.40
45.30
0.00
0.00
8.50
4,485.35
5,777.80
5,541.50
7,183.20
12,624.50
14,415.70
17,457.20
15,487.50
1.90
2.40
3.50
6.30
4.00
5.70
8.50
23.40
2,263.87
304.85
3,263.39
3,013.20
338.60
3,599.90
3,691.00
403.00
3,408.60
3,794.70
429.70
4,902.10
419.50
4,429.20
623.60
6,122.30
100.00
5,385.10
621.20
8,073.90
96.30
6,534.00
685.10
9,727.90
720.80
7,685.50
870.90
10,336.80
1,404.20
7,592.20
1,021.40
11,699.20
1,877.50
1,792.05
1,203.50
871.80
336.70
145.30
149.60
128.00
134.90
125.10
293.58
308.00
285.60
13.20
192.00
284.10
212.60
398.00
219.10
569.50
258.90
849.00
342.80
1,189.80
794.10
79.89
88.10
93.10
76.10
82.20
91.20
111.90
163.00
165.50
73.74
53.80
46.00
11.10
7.70
7.90
8.50
10.30
342.90
Bloomberg 02/10/2016 04:04:04
13

Currency: INR
Filing: Most Recent

Allowance For Doubtful
Accounts
Capitalized Software Net
Total Capital Leases
Number of Employees
at Period End Date
Cumulative Translation
Adjustment
% Of Foreign
Shareholders
Authorized Capital
Capital Redemption
Reserve
Capital Reserve
Total Contingent
Payable
Margin Deposits
Total Number Of
Shareholders
Shares Authorized
Fixed Deposits
Cash on Hand
Spares And
Consumables
General Reserves
Goods In Transit
Land - Net
Leasehold Rights
Operating Leases
Expiring Within 2 & 5
Yrs
Packaging Material
Authorized Preferred
Stocks (Amount)
Borrow & Deposits From Finl Institutions
Common Stock &
Subscribed Stock
Foreign Loans (Other
Loans)
Cash Equivalents
Book Value Per Share
Capital Lease Year 1
Total Capital Lease
Capital Lease Beyond
Year 5
Capital Leases - Years
2-5
Capital Lease Interest
Accounts Receivable Trade
Construction In
Progress

Original:2007 A
2007-3-31
461.49
Restated:2008 A
2008-3-31
286.10
Restated:2009 A
2009-3-31
310.30
Original:2010 A
2010-3-31
306.20
Restated:2011 A
2011-3-31
330.40
Restated:2012 A
2012-3-31
339.40
Restated:2013 A
2013-3-31
432.50
Restated:2014 A
2014-3-31
505.00
Original:2015 A
2015-3-31
594.80
Current
2016-2-10
126.80
189.30
216.40
280.70
416.90
432.70
4,260.00
5.90
8.10
5,236.00
12.00
5,555.00
29.70
5,897.00
3.00
-152.80
-241.80
-58.50
-43.10
222.00
299.70
2.08
17.07
13.32
15.38
17.87
19.44
19.40
19.50
995.00
995.00
995.00
53.70
995.00
53.70
995.00
53.70
995.00
53.70
995.00
53.70
995.00
53.70
995.00
53.70
0.01
952.00
22.40
858.30
32.50
936.60
32.50
886.40
32.50
939.00
32.50
1,161.60
391.60
1,233.00
391.60
1,264.10
391.60
1,541.40
49,032.00
47,573.00
49,074.00
48,290.00
10.60
59,280.00
60,537.00
54,813.00
87,997.00
147,143.00
99.50
19.83
147.95
99.50
34.50
188.40
99.50
35.30
186.90
99.50
129.40
184.60
99.50
9.80
225.10
99.50
106.60
19.80
283.20
99.50
4.50
5.20
348.00
995.00
49.90
28.60
421.20
995.00
17.00
85.40
539.30
144.99
190.91
139.95
963.80
286.20
166.10
8,683.30
1,214.00
304.10
146.50
10,207.20
1,210.60
984.50
104.80
15,070.60
1,008.20
1,220.80
982.60
122.70
19,498.10
828.30
1,236.10
1,014.20
120.00
22,481.50
10.40
1,280.40
1,204.50
138.50
28,765.70
24.00
1,296.60
1,290.30
169.50
35,719.40
16.40
1,268.60
1,358.50
285.70
5.00
5.00
5.00
234.50
5.00
361.80
5.00
399.20
5.00
428.00
5.00
511.20
5.00
526.90
5.00
1,903.30
1,841.20
3,546.20
959.20
959.20
959.20
959.20
959.20
959.20
959.20
959.20
959.20
0.00
6,200.90
3.30
7.10
6,069.30
259.40
2.30
6.90
7,043.90
31.50
3.30
10.00
2,118.00
42.10
5.10
0.00
1,832.50
49.40
9.70
8.50
3.80
4.60
6.70
10.20
23.40
5,731.00
7,812.50
9,808.80
3.30
11,103.00
11.80
11,798.50
4,072.30
433.20
6,170.80
Bloomberg 02/10/2016 04:04:04
14

Currency: INR
Filing: Most Recent

Accumulated
Depreciation
Deferred Income Tax
Asset (LT)
Other Intangible Assets
Goodwill
Interest Accrued/
Payable
Dividends Accrued/
Payable
Deferred Income Taxes
(Liabilities)
Common Stock
Retained Earnings
(Accumulated Deficit)
Shares Outstanding
Par Value
Tools Furniture And
Fixtures
Motor Vehicles - Gross
Short Term Loan
(Secured)
Short Term Loan
(Unsecured)
Long Term Loan
(Secured)
Long Term Loan
(Unsecured)
Investment in Mutual
Funds - Short Term
Investment in Mutual
Funds - Long Term
ARDR Present Value
of Capital Lease Years
2-5
ARDR Present Value of
Capital Lease Beyond
Year 5
Impairments/
Adjustments
Deferred Tax - Net
Other Short-Term
Loans/Borrowings
Trade ReceivablesGross
Fixed Deposit -1 Year
And Over
Provisions For
Guarantees And
Warranties
Capital Commit
Contracted Not
Provided For
Other Provisions Current

Original:2007 A
2007-3-31
5,285.42
Restated:2008 A
2008-3-31
5,575.40
Restated:2009 A
2009-3-31
5,810.70
Original:2010 A
2010-3-31
5,717.20
Restated:2011 A
2011-3-31
6,562.60
Restated:2012 A
2012-3-31
7,773.80
Restated:2013 A
2013-3-31
9,106.20
Restated:2014 A
2014-3-31
11,353.30
Original:2015 A
2015-3-31
13,219.80
Current
2016-2-10
218.00
319.50
308.10
329.00
319.40
368.50
427.90
666.50
214.67
102.20
110.40
2.10
39.30
34.10
24.70
5.20
1.70
339.50
138.10
0.80
329.90
469.60
3.30
55.90
60.10
71.30
608.80
852.60
870.40
1,180.80
-1,247.70
1,935.80
2,306.10
2,465.90
1,500.00
2,000.00
2,300.00
6,000.00
6,000.00
7,000.00
10,000.00
959.20
10,000.00
959.20
10,000.00
959.20
95.92
10.00
95.92
10.00
95.92
10.00
95.92
10.00
95.92
10.00
449.30
95.92
10.00
502.70
95.92
10.00
570.90
959.20
1.00
709.70
959.20
1.00
828.80
1.00
75.40
96.70
98.90
482.10
121.60
304.30
140.10
614.20
1,416.50
1,682.00
2,702.00
103.20
75.40
487.30
369.80
338.60
294.90
5,316.40
10,524.20
12,019.10
500.00
200.00
150.00
700.00
3,010.00
3,150.00
8.50
18.30
0.00
5.10
441.90
418.60
296.10
140.50
110.10
111.90
87.00
180.20
135.80
41.90
308.70
1,567.30
713.70
1,878.20
400.10
1,799.40
296.50
6,061.40
8,151.90
10,241.30
11,608.00
12,393.30
287.00
21.40
21.00
21.30
5,298.20
1,724.00
1,706.30
5,215.10
3,400.20
3,501.00
4,028.60
4,124.60
Bloomberg 02/10/2016 04:04:04
15

Currency: INR
Filing: Most Recent

Pension/Postretirement
Provisions ST
Pension/Postretirement
Provisions LT
Current Portion of
Long-Term Debt
Other Equity
Interest Free Loan
Land and Buildings
Short-Term
Investments
Shares Issued
Lease Adjustment
Short-Term Bank
Deposits
ST Borrowings And
Current Portion -LT
Debt
Outstanding
Acceptance

Original:2007 A
2007-3-31
Restated:2008 A
2008-3-31
Restated:2009 A
2009-3-31
Original:2010 A
2010-3-31
Restated:2011 A
2011-3-31
151.00
Restated:2012 A
2012-3-31
143.10
Restated:2013 A
2013-3-31
183.50
Restated:2014 A
2014-3-31
140.40
Original:2015 A
2015-3-31
159.70
Current
2016-2-10
522.80
534.50
845.20
918.50
1,185.00
719.70
2,248.70
5,296.29
181.56
2,013.00
1,142.24
6,842.10
174.00
392.80
1,981.70
1,679.15
719.70
2,248.70
1,598.80
1,729.27
2,183.20
1,795.40
2,987.70
Bloomberg 02/10/2016 04:04:04
16

Currency: INR
Filing: Most Recent
Growth

1 Year Growth
Revenue
EBITDA
Operating Income
EPS Diluted
EPS Diluted before XO
EPS Diluted before
Abnormal
Dividend per Share
Accounts Receivable
Inventory
Fixed Assets
Total Assets
Modified Working
Capital
Working Capital
Employees
Accounts Payable
Short-Term Debt
Total Debt
Total Equity
Capital
Book Value per Share

Capital Expenditures
Net Change In Cash
Free Cash Flow
Cash Flow to Firm
5 Year Growth
Revenue
EBITDA
Operating Income
EPS Diluted
EPS Diluted before
Abnormal
Dividend per Share
Accounts Receivable
Inventory
Fixed Assets
Total Assets
Modified Working
Capital
Working Capital
Employees
Accounts Payable

Restated:2009 A
2009-3-31
23.98
4.02
1.72
-2.77
-2.77
-2.77
-4.07
Original:2010 A
2010-3-31
22.27
76.60
84.63
110.04
110.04
110.04
109.10
Restated:2011 A
2011-3-31
15.59
8.30
6.33
0.91
0.91
0.91
1.05
Restated:2012 A
2012-3-31
24.29
15.65
16.45
17.25
17.26
17.26
17.26
Restated:2013 A
2013-3-31
13.29
13.04
11.80
12.66
12.66
12.66
12.66
Restated:2014 A
2014-3-31
15.70
16.15
11.37
9.42
9.45
9.45
10.03
Original:2015 A
2015-3-31
11.32
11.36
12.28
14.47
14.40
14.40
15.37
Current
2016-2-10
13.88
37.21
41.05
25.83
25.78
25.78
35.09
Estimate:2016 A
2016-3-31
10.97
Estimate:2017 A
2017-3-31
15.09
2.94
24.24
7.69
31.19
12.22
31.88
54.29
-5.14
24.31
41.22
33.60
-0.84
18.52
5.64
36.57
2.42
21.83
1.41
25.00
36.32
22.48
43.14
23.93
41.28
15.00
25.55
14.47
31.00
18.78
22.54
15.22
13.19
13.09
-0.93
19.02
4.73
15.09
6.26
9.11
3.49
10.34
31.73
9.23
8.56
-4.09
-0.96
2.53
22.99
16.56
22.48
-21.59
0.65
-59.73
-21.10
-55.63
19.27
17.81
21.31
22.39
22.39
22.39
22.46
36.43
2.86
29.63
13.41
8.16
41.11
32.01
42.12
179.48
27.50
830.88
173.38
698.95
21.14
29.25
33.33
36.85
36.85
36.85
36.81
89.52
5.89
51.39
-61.77
-55.79
27.32
8.50
27.92
-26.53
-60.51
-6.58
-26.05
-6.24
20.65
27.50
30.08
31.78
31.78
31.78
31.78
-6.82
6.40
16.09
77.31
56.87
25.59
28.48
25.65
-9.96
250.00
-1.05
-74.46
-8.57
-71.18
21.20
25.78
27.08
28.61
28.61
27.91
27.91
17.02
6.06
14.19
-15.97
-15.75
22.87
18.52
23.13
68.80
17.83
242.09
66.47
209.49
19.80
21.07
21.06
22.18
22.18
22.18
21.77
35.33
12.11
21.10
-8.65
-9.23
20.88
18.47
19.35
20.58
-61.01
97.71
116.12
20.14
111.01
18.15
23.77
23.27
25.10
25.10
25.10
25.16
26.19
0.46
-11.28
51.39
56.96
16.82
19.28
17.41
-14.20
80.78
-21.04
-34.26
-13.91
-33.50
15.96
12.86
11.60
10.80
10.79
10.79
11.12
14.34
18.34
18.15
16.03
16.03
16.03
17.70
15.54
16.63
19.30
14.02
15.24
20.42
23.23
12.89
16.03
23.99
19.96
11.34
26.19
10.52
21.71
25.22
22.00
9.32
25.21
13.18
21.74
31.45
23.07
14.41
22.03
16.33
20.72
28.90
21.87
18.08
24.81
14.19
21.90
21.86
23.31
12.76
17.70
16.81
18.76
14.51
18.69
19.36
16.38
4.43
15.26
13.94
3.85
19.52
23.11
4.74
26.96
26.59
5.00
22.99
25.23
5.94
20.06
30.71
6.62
25.80
28.69
6.12
16.61
Bloomberg 02/10/2016 04:04:04
17

Currency: INR
Filing: Most Recent

Short-Term Debt
Total Debt
Total Equity
Total Capital 5 Year
Growth

Net Change In Cash
Free Cash Flow
Cash Flow to Firm
Sequential Growth
Revenue
EBITDA
Operating Income
EPS Diluted
EPS Diluted before
Abnormal
Dividend per Share
Accounts Receivable
Inventory
Fixed Assets
Total Assets
Modified Working
Capital
Working Capital
Employees
Accounts Payable
Short-Term Debt
Total Debt
Total Equity
Capital

Net Change In Cash
Free Cash Flow
Cash Flow to Firm

Restated:2009 A
2009-3-31
34.66
14.21
16.37
15.75
Original:2010 A
2010-3-31
21.25
10.72
23.38
19.72
Restated:2011 A
2011-3-31
-1.52
-9.48
26.60
18.34
Restated:2012 A
2012-3-31
-6.81
-4.50
28.06
20.14
Restated:2013 A
2013-3-31
-8.55
-8.31
27.80
20.51
Restated:2014 A
2014-3-31
-10.01
-10.52
27.36
20.91
Original:2015 A
2015-3-31
-4.66
-3.60
22.64
18.48
Current
2016-2-10
Estimate:2016 A
2016-3-31
Estimate:2017 A
2017-3-31
17.84
10.00
-17.84
9.93
-15.73
23.98
4.02
1.72
-2.77
-2.77
-2.77
-4.07
24.70
59.63
153.66
58.01
120.36
22.27
76.60
84.63
110.04
110.04
110.04
109.10
27.62
35.05
48.17
34.51
46.63
15.59
8.30
6.33
0.91
0.91
0.91
1.05
28.72
21.81
-1.12
21.54
0.37
24.29
15.65
16.45
17.25
17.26
17.26
17.26
28.07
19.60
25.07
19.41
24.27
13.29
13.04
11.80
12.66
12.66
12.66
12.66
27.41
30.35
75.02
29.88
69.76
15.70
16.15
11.37
9.42
9.45
9.45
10.03
22.63
2.93
3.01
3.08
3.25
11.32
11.36
12.28
14.47
14.40
14.40
15.37
9.98
28.96
32.40
16.11
16.11
16.11
24.70
2.94
24.24
7.69
31.19
12.22
31.88
54.29
-5.14
24.31
41.22
33.60
-0.84
18.52
5.64
36.57
2.42
21.83
1.41
25.00
36.32
22.48
43.14
23.93
41.28
15.00
25.55
14.47
31.00
18.78
22.54
15.22
13.19
13.09
-0.93
19.02
4.73
15.09
6.26
9.11
3.49
10.34
31.73
9.23
8.56
-4.09
-0.96
2.53
22.99
16.56
22.48
-21.59
0.65
-2,186.84
-59.73
-21.10
-55.63
36.43
2.86
29.63
13.41
8.16
41.11
32.01
42.12
179.48
27.50
830.88
173.38
698.95
89.52
5.89
51.39
-61.77
-55.79
27.32
8.50
27.92
-26.53
-60.51
-102.88
-6.58
-26.05
-6.24
-6.82
6.40
16.09
77.31
56.87
25.59
28.48
25.65
-9.96
250.00
-74.46
-8.57
-71.18
17.02
6.06
14.19
-15.97
-15.75
22.87
18.52
23.13
68.80
17.83
242.09
66.47
209.49
35.33
12.11
21.10
-8.65
-9.23
20.88
18.47
19.35
20.58
-61.01
97.71
116.12
20.14
111.01
26.19
0.46
-11.28
51.39
56.96
16.82
19.28
17.41
-14.20
80.78
-21.04
-34.26
-13.91
-33.50
Bloomberg 02/10/2016 04:04:04
18

Currency: INR
Filing: Most Recent
CAPEX & Depreciation

Depreciation Expenses
Depr Exp / Net Sales
Depr Exp / Net Fixed
Assets
Accum Depr / Total
Assets
Accum Depr / Gross
Fixed Assets
Capitalized Int Exp
Cap Interest/Pretax
Income
CAPEX/Sales
CAPEX/Total Assets
Capital Expend / Depr
Exp
CAPEX to Depreciation
Expense 5 Year
Average
Total Capital
Expenditures - 1 Yr
Growth
Average Age of Assets
in Years
Original:2006 A
2006-3-31
606.16
2.01
0.14
Original:2007 A
2007-3-31
611.41
1.67
0.14
Restated:2008 A
2008-3-31
591.70
1.34
0.10
Restated:2009 A
2009-3-31
743.80
1.36
0.09
Original:2010 A
2010-3-31
835.60
1.25
0.08
Restated:2011 A
2011-3-31
Restated:2012 A
2012-3-31
Restated:2013 A
2013-3-31
1,546.00
1.42
0.07
Restated:2014 A
2014-3-31
2,456.60
1.95
0.10
Original:2015 A
2015-3-31
2,659.00
1.90
0.11
30.16
26.11
22.09
20.51
15.11
14.23
13.61
13.42
14.06
14.83
55.06
52.84
45.00
39.39
31.17
33.66
29.58
27.30
32.09
34.71
0.00
0.00
0.00
0.00
0.00
0.00
-867.18
2.87
5.37
1.43
-937.07
2.55
5.02
1.53
-3,080.50
6.99
13.55
5.21
-3,100.50
5.67
11.58
4.17
-3,953.10
5.92
11.95
4.73
-1,561.00
2.02
3.72
-5,463.50
5.69
10.58
-6,437.80
5.92
10.30
4.16
-2,510.10
2.00
3.38
1.02
-4,537.80
3.24
5.34
1.71
1.25
2.13
2.81
3.41
-10.32
8.06
228.74
0.65
27.50
-60.51
250.00
17.83
-61.01
80.78
8.49
8.64
9.42
7.81
6.84
5.89
4.62
4.97
Bloomberg 02/10/2016 04:04:04
19

Currency: INR
Filing: Most Recent
Overview

Accounting Standard
Number of Employees
Last Price
Shares Outstanding
Sales
EBITDA
Trailing 12M EBITDA
Margin
Net Income (Losses)
Trailing 12M Earnings
per Share
Price/T12M Earnings
per Share
Dividends per Share

Dividend Payout Ratio
Dividend Yield
Net Fixed Assets

Total Assets
Total Liabilities
Total Equity
Price/Book Value per
Share
Net Tangible Assets
per Share
Altman's Z-Score

Cash Flow per Share
Free Cash Flow
Free Cash Flow per
Basic Share
Net Changes in Cash

Restated:2009 A
2009-3-31
IN GAAP
4,260.00
78.64
959.20
75,426.52
54,639.00
6,984.40
12.78
Original:2010 A
2010-3-31
IN GAAP
4,382.00
203.88
959.20
195,566.04
66,809.40
12,334.50
18.46
Restated:2011 A
2011-3-31
IN GAAP
4,640.00
252.58
959.20
242,274.18
77,223.00
13,358.60
17.30
Restated:2012 A
2012-3-31
IN GAAP
4,937.00
324.20
959.20
310,971.92
95,983.30
15,449.50
16.10
Restated:2013 A
2013-3-31
IN GAAP
5,236.00
491.73
959.20
471,661.53
108,743.50
17,464.80
16.06
Restated:2014 A
2014-3-31
IN GAAP
5,870.00
547.95
959.20
525,592.43
125,816.40
20,284.70
16.12
Original:2015 A
2015-3-31
IN GAAP
5,897.00
811.30
959.20
778,197.17
140,053.30
22,589.30
16.13
Current/LTM
2015-12-31
873.00
959.20
837,379.64
149,018.80
26,641.10
17.88
Estimate:2016 A
2016-3-31
155,421.73
28,262.97
18.18
Estimate:2017 A
2017-3-31
178,877.35
33,463.57
18.71
3,978.40
4.15
8,356.40
8.71
8,432.40
8.79
9,887.30
10.31
11,138.80
11.61
12,188.10
12.71
13,951.50
14.54
16,584.30
17.29
18,074.06
19.03
21,687.00
22.75
18.96
23.40
28.73
31.45
42.34
43.11
55.80
60.04
45.88
38.38
1.75
42.19
2.23
8,941.00
28,328.00
15,540.60
12,787.40
12.54
6.27
2.70
30.99
1.32
12,626.30
37,845.80
19,801.50
18,044.30
17.83
11.44
3.20
36.40
1.27
12,931.40
46,105.80
23,132.70
22,973.10
22.80
11.08
4.00
38.81
1.23
18,510.60
57,139.20
28,287.30
28,851.90
28.65
11.31
4.60
39.61
0.94
24,248.90
67,868.50
32,417.90
35,450.60
35.28
13.94
5.30
41.71
0.97
24,023.40
80,775.90
37,923.50
42,852.40
42.11
13.01
6.10
41.94
0.75
24,861.60
89,124.80
39,064.50
50,060.30
49.44
16.41
0.70
17.66
8.15
42.83
0.93
58.94
14.81
10.08
44.30
1.15
69.91
12.49
11.90
17.26
22.18
27.96
34.50
39.70
45.58
3,823.90
3.99
723.40
0.75
10,687.10
11.14
6,734.00
7.02
10.16
7,852.10
8.19
6,291.10
6.56
9.95
7,070.40
7.37
1,606.90
1.68
12.00
11,934.90
12.44
5,497.10
5.73
11.72
14,390.70
15.00
11,880.60
12.39
15.38
12,347.80
12.87
7,810.00
8.14
15.38
21.43
13,525.43
24.49
17,628.93
-1,110.20
4,322.60
-124.30
-125.60
864.50
1,709.20
1,349.60
Bloomberg 02/10/2016 04:04:04
20

Currency: INR
Filing: Most Recent
Dividend Summary

Dividends per Share
Dividends per Share - 5
Yr Geo Growth
Dividend Yield
Dividend Payout Ratio
Cash Dividend
Coverage
Dividend Right Parity
Dividends Paid
Total Cash Preferred
Dividends
Total Cash Common
Dividends
Trailing 12M Preferred
Dividends
Trailing 12M Common
Dividends
Trailing 12M Dividends
Per Share
Restated:2009 A
2009-3-31
1.75
15.54
Original:2010 A
2010-3-31
2.70
23.23
Restated:2011 A
2011-3-31
3.20
26.19
Restated:2012 A
2012-3-31
4.00
25.21
Restated:2013 A
2013-3-31
4.60
22.03
Restated:2014 A
2014-3-31
5.30
24.81
Original:2015 A
2015-3-31
6.10
17.70
Current/LTM
2015-12-31
Estimate:2016 A
2016-3-31
8.15
Estimate:2017 A
2017-3-31
10.08
2.23
42.19
2.37
1.32
30.99
3.23
1.27
36.40
2.75
1.23
38.81
2.58
0.94
39.61
2.52
0.97
41.71
2.40
0.75
41.94
2.38
0.70
0.93
42.83
1.15
44.30
1.00
-1,999.30
0.00
1.00
-2,358.90
0.00
1.00
-3,168.30
0.00
1.00
-3,830.70
0.00
1.00
-4,623.50
0.00
1.00
-5,466.90
0.00
-6,935.40
0.00
0.00
1,678.60
2,589.80
3,069.40
3,836.90
4,412.30
5,083.70
5,851.20
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
1,678.60
2,589.80
3,069.40
3,836.90
4,412.30
5,083.70
5,851.20
1.75
2.70
3.20
4.00
4.60
5.30
6.10
Bloomberg 02/10/2016 04:04:04
21

Currency: INR
Filing: Most Recent
Sources of Capital

Net Change Short
Term Debt
Net Change Long
Term Debt
Net Change in Other
Liabilities
Net Change in
Liabilities
Net Change in
Liabilities % of Total
Reinvested Earnings
External Equity
Financing
Net Change in Total
Equity
Increase In Equity % of
Total
Capital Employed
Original:2006 A
2006-3-31
142.47
Original:2007 A
2007-3-31
2,531.11
Restated:2008 A
2008-3-31
-340.43
Restated:2009 A
2009-3-31
-39.30
Original:2010 A
2010-3-31
542.40
Restated:2011 A
2011-3-31
-2,833.20
Restated:2012 A
2012-3-31
1,355.40
Restated:2013 A
2013-3-31
-496.40
Restated:2014 A
2014-3-31
-225.90
Original:2015 A
2015-3-31
1,226.30
524.61
-1,761.90
492.26
159.60
-144.00
-112.50
-27.80
-80.20
-59.00
368.80
367.63
1,093.94
2,803.85
757.50
4,051.30
6,431.30
4,095.00
4,948.00
6,643.00
-277.60
1,072.94
1,862.70
2,982.73
695.80
4,260.90
3,331.20
5,154.60
4,130.60
5,505.60
1,141.00
58.78
58.60
59.64
22.55
44.77
40.33
46.72
38.50
42.65
13.67
1,162.28
-371.52
1,563.34
-247.93
2,461.30
-415.52
2,299.80
-91.80
5,766.60
-698.50
5,363.00
-588.60
6,050.40
-439.60
6,726.50
-368.60
7,104.40
-555.10
8,100.30
-1,068.90
752.53
1,315.86
2,018.73
2,390.00
5,256.90
4,928.80
5,878.80
6,598.70
7,401.80
7,207.90
41.22
41.40
40.36
77.45
55.23
59.67
53.28
61.50
57.35
86.33
7,690.47
7,545.51
10,309.60
12,758.10
17,833.90
22,800.80
27,707.00
35,010.80
38,587.90
43,241.20
Bloomberg 02/10/2016 04:04:04
22

Currency: INR
Filing: Most Recent
As Reported

Income Statement
Revenues
Revenues
Other Operating
Income
Excise Taxes
Sundry/Other
Operating Income
Gross Sales
Operating Expenses
Purchases Of
Merchandise
Cost Of Materials
Salaries Wages and
Employee Benefits
Depreciation and
Amortization
Change In
Merchandise
Inventories
Other Operating
Expenses
Selling General
and Administrative
Expenses
Amortization of
Goodwill - Income
Statement
Total Operating
Expenses
Non-Operating
Expenses
Interest Expense - Net
Current Income Tax
Expense (Benefit)
Deferred Income Tax
Expense (Benefit)
Non-Operating
Exceptionals
Current Taxation Adjustment
Income Before Income
Taxes
Equity In Earnings of
Affiliate/Joint Ventures
Other Extraordinary
Items - Net of Tax
Tax On Non-Operating
Exceptionals
Prior Period
Adjustments

Original:2007 A
2007-3-31
36,699.73
Restated:2008 A
2008-3-31
44,072.30
Restated:2009 A
2009-3-31
54,639.00
Original:2010 A
2010-3-31
66,809.40
Restated:2011 A
2011-3-31
77,223.00
Restated:2012 A
2012-3-31
95,983.30
339.10
Restated:2013 A
2013-3-31
108,743.50
642.60
Restated:2014 A
2014-3-31
125,816.40
1,331.70
Original:2015 A
2015-3-31
140,053.30
1,774.80
Current
2016-2-10
41,029.50
570.80
4,635.54
372.51
5,313.30
596.00
5,806.10
510.10
4,256.20
1,405.00
6,552.30
679.80
8,397.70
1,074.10
11,279.30
1,144.80
13,074.60
1,342.20
14,678.60
1,697.10
41,335.27
49,385.60
60,445.10
71,065.60
83,775.30
2,007.70
104,381.00
2,476.80
120,022.80
2,974.30
138,891.00
4,057.20
154,731.90
5,883.70
1,829.90
21,993.95
2,620.84
25,776.40
3,066.60
33,706.40
3,715.20
37,579.60
4,362.80
44,252.20
4,539.90
57,205.30
5,259.70
62,651.30
6,235.60
70,252.80
7,597.10
75,311.70
9,071.10
19,089.50
2,469.60
611.41
591.70
743.80
835.60
1,131.30
1,131.30
1,211.30
1,546.00
2,456.60
2,659.20
725.00
1,514.30
1,729.50
1,495.60
902.80
1,480.70
-1,084.10
14,656.50
18,022.40
21,700.70
26,164.90
30,688.20
9,121.40
7,304.15
8,623.50
10,516.70
12,590.80
189.11
1,483.23
211.60
1,847.90
263.20
1,793.40
284.70
3,731.80
232.10
3,550.00
409.70
4,293.40
366.50
4,393.70
422.20
5,364.00
347.60
6,587.00
76.10
-28.83
105.60
163.20
55.40
281.50
61.20
593.20
337.50
-80.50
0.00
99.60
275.70
524.50
35.76
15.90
-56.30
-56.10
-47.60
-19.60
-30.00
13.60
-11.10
4,271.20
6,330.10
6,168.70
12,570.20
12,597.40
14,540.80
16,552.10
18,342.70
20,768.70
7,038.10
4.02
77.56
68.40
12.40
-11.50
-26.48
15.90
22.70
2.20
Bloomberg 02/10/2016 04:04:04
23

Currency: INR
Filing: Most Recent

Income Tax Expense
(Benefit)
Earnings
Minority/Non
Controlling Interest
Basic & Diluted EPS
Special Cash Dividend
Paid
Profit Available for
Appropriation
Amount Of Interim
Dividend
Proposed Final
Dividend
Corporate Dividend Tax
EPS From Tax On
Exceptional ItemsBasic
Net Income
Others
Reference Items
R & D Expenditures
Interest Expense
Other Non-Operating
Income
Projected Benefit
Obligation
Service Cost
Fair Value of Post
Retirement Plan Assets
Projected Post
Retirement Benefit
Oblig
License/Contract/Fee
Revenue
Employer Contribution
(Pension)
Benefits Paid (Pension)
Employer Contribution
(Postretirement)
Benefits Paid
(Postretirement)
Interest Cost (Pension)
Auditors Remuneration
For Audit
Non-Operating Profit/
Loss Disp Fix Asset
Other Operating Inc Int Inc (Non-Oper)
Other Operating Inc Div Inc (Non-Oper)
Loss/Gain Disposal LT
Invest/Subsid/Assoc
Total Fees Paid To
Audit Firms

Original:2007 A
2007-3-31
48.14
Restated:2008 A
2008-3-31
64.30
Restated:2009 A
2009-3-31
73.60
Original:2010 A
2010-3-31
Restated:2011 A
2011-3-31
Restated:2012 A
2012-3-31
Restated:2013 A
2013-3-31
Restated:2014 A
2014-3-31
Original:2015 A
2015-3-31
Current
2016-2-10
20.60
188.70
216.40
482.70
381.10
318.50
456.40
439.50
321.80
117.00
29.30
42.66
41.48
87.12
87.91
103.08
116.13
12.71
14.54
4.83
5,591.80
5,978.40
10,656.40
1,151.04
623.40
623.50
815.30
95.92
1,007.10
1,055.10
1,774.50
180.60
277.20
43.37
288.80
41.61
433.30
87.00
2,810.30
-171.86
4,091.80
-206.10
3,978.40
533.60
-171.40
8,356.40
296.40
-231.30
8,432.40
359.00
222.30
-124.70
9,887.30
437.30
357.40
-223.10
11,138.80
505.50
360.40
-289.00
12,188.10
566.00
365.20
-277.80
13,951.50
716.40
375.30
-355.90
4,632.80
158.80
151.20
167.30
199.60
251.30
1,112.70
1,253.00
1,262.90
8.30
1,431.50
8.40
1,752.80
8.40
1,939.60
12.80
2,138.10
23.60
2,555.00
950.90
1,150.50
1,204.60
1,349.60
1,636.70
1,878.40
2,034.40
2,482.70
28.48
28.20
25.50
23.50
28.20
30.30
72.70
70.40
79.70
7.50
4.70
11.40
12.10
17.20
-7.50
138.00
-4.70
140.50
-11.40
78.00
-12.10
144.00
-17.20
263.20
-81.70
-118.30
-91.60
-206.20
-162.60
23.95
29.60
33.00
35.50
13.70
34.40
13.80
37.00
12.50
41.20
13.50
47.70
19.60
-14.67
-37.80
-65.40
-78.80
-26.90
-2.30
-42.10
-71.10
-26.90
-14.31
-44.70
-56.90
-110.60
-104.90
-64.50
-137.30
-138.70
-115.10
-115.28
-245.40
-140.80
-226.20
-354.70
-415.70
-328.90
-654.70
-706.10
-3.90
-16.00
-1.30
-627.20
-4.50
-333.20
-272.60
-122.90
-318.20
46.70
Bloomberg 02/10/2016 04:04:04
24

Currency: INR
Filing: Most Recent

Donations
Net Foreign Exchange
Loss (Gain) -Realized
Rental Expense
Expenses From
Insurance Activities
Expenditure Incurred
On R&D: Capital
Expenditure Incurred
On R&D: Recurring
Foreign Exchange
Earnings
Audit Service Fee Paid
to Main Auditor
Service Cost (OPRB)
Interest Cost (OPRB)
Expected Return On
Plan Assets (OPRB)
Actual Return (Loss)
On Plan Assets
(OPRB)
Sales/Marketing/
Advertising Expenses
Salaries Wages and
Employee Benefits
Provision For Doubtful
Accounts
Foreign Exchange
Interest Expense - Net
Other Operating
Income
Dividends Per Share
Export Sales
Basic & Diluted EPS
Weighted Avg. Shares Basic & Diluted
Product Revenue
Service Revenue
Other Non-Operating
(Income)/Expense - Net
Basic & Diluted EPS
Before XO Items
Amount Of Interim
Dividend
Change In
Merchandise
Inventories
Cost Of Materials
Purchases Of
Merchandise
Local Sales
Proposed Final
Dividend
Gross Sales

Original:2007 A
2007-3-31
17.72
-11.49
Restated:2008 A
2008-3-31
18.60
-5.20
Restated:2009 A
2009-3-31
19.30
Original:2010 A
2010-3-31
22.90
-79.00
Restated:2011 A
2011-3-31
21.70
-34.80
Restated:2012 A
2012-3-31
11.40
Restated:2013 A
2013-3-31
13.50
Restated:2014 A
2014-3-31
43.90
Original:2015 A
2015-3-31
131.40
-83.50
Current
2016-2-10
275.90
-4.13
303.10
-2.80
413.30
-13.20
504.40
-5.70
621.00
-1.10
879.60
-5.00
1,406.60
-2.20
1,759.90
-6.60
2,031.40
-11.70
259.00
12.10
36.70
64.90
49.10
44.80
85.70
274.60
284.30
322.30
372.40
456.40
521.20
630.70
290.00
344.60
439.50
422.50
46.70
50.50
71.00
-98.60
52.50
90.00
-107.80
67.30
114.60
-128.00
73.70
102.30
-98.30
97.50
116.50
-121.70
109.00
139.60
-137.20
125.20
155.10
-162.20
139.80
167.50
-168.40
109.30
65.90
122.90
92.10
122.20
176.10
113.60
268.50
7,438.60
2,620.84
3,066.60
3,715.20
4,362.80
4,539.90
5,259.70
6,235.60
7,597.10
9,071.10
75.49
15.30
34.20
7.20
23.90
-8.90
36.60
47.40
2,659.00
106.60
222.40
9.80
232.10
348.30
409.70
339.10
64.90
366.50
642.60
148.90
422.20
1,331.70
-27.70
347.60
1,774.80
13.00
29.30
95.92
17.00
42.66
95.92
17.50
41.48
95.92
27.00
87.12
95.92
32.00
1,278.10
87.91
95.92
40.00
1,560.70
103.08
95.92
46.00
1,693.50
116.13
95.92
5.30
1,985.60
12.71
959.20
6.10
1,999.20
14.54
959.20
48,908.60
52.10
27.70
103,778.70
602.30
24.10
364.30
209.60
340.60
43.37
41.61
87.00
87.91
103.08
815.30
911.30
911.30
1,055.10
1,726.60
370.20
85.40
1,201.70
1,514.30
1,729.50
1,495.60
902.80
1,480.70
21,993.95
25,032.00
832.30
27,306.80
1,012.50
30,893.50
894.90
44,252.20
2,007.70
57,205.30
2,476.80
62,651.30
2,974.30
70,252.80
4,057.20
75,311.70
5,883.70
95.92
1,007.10
1,055.10
1,774.50
84,829.50
2,254.10
2,925.60
123,187.50
3,501.00
143,686.10
4,028.60
160,791.10
4,124.60
49,385.60
60,445.10
71,065.60
83,472.80
Bloomberg 02/10/2016 04:04:04
25

Currency: INR
Filing: Most Recent

Corporate Dividend Tax
Cost Of Stores And
Spares
EBITDA - IS
Actuarial Losses or
Gains - OPEB
Special Cash Dividend
Paid
(Gain)/Loss On Sale of
Assets
Debts And Advances
Disc Rate Used On
Liabs-Other/Healthcare
%
Expected Ret Plan
Assets-Other/
Healthcare
(Over/Underfunded)
Post Retirement Benefit
Other Operating
Income - SAGA
Provision No Longer
Required
Other Financial Losses

Original:2007 A
2007-3-31
16.30
244.40
Restated:2008 A
2008-3-31
171.20
247.80
Restated:2009 A
2009-3-31
179.30
264.40
Original:2010 A
2010-3-31
294.70
229.90
Restated:2011 A
2011-3-31
501.10
279.30
Restated:2012 A
2012-3-31
622.40
270.60
Restated:2013 A
2013-3-31
742.90
393.10
Restated:2014 A
2014-3-31
820.20
336.30
Original:2015 A
2015-3-31
1,129.50
428.50
Current
2016-2-10
13,960.80
16,161.80
18,465.00
58.60
21,321.10
-56.00
24,051.20
237.00
8,006.00
5.50
13.00
14.00
161.80
9.80
4.10
11.90
-31.50
-10.80
61.40
82.80
Bloomberg 02/10/2016 04:04:04
26

Currency: INR
Filing: Most Recent
As Reported

Cash Flow
Cash From Operating
Activities
Depreciation And
Amortization - CF
Accounts - CF
Bad Debt Expense
Change in Inventories
Cash Paid For Taxes
Total Cash Flows From
Operations
Gain (Loss) On Sale of
Investments and Mkt
Sec
Foreign Exchange
Gains/Losses
Total Cashflow From
Ops Before Working
Capital
Gain (Loss) From The
Sale Of Fixed Assets
Change In Trade
Payables & Other
Current Liab
Dvds Received (Non
Joint Ventures /
Associate
Interest Expense
Interest Income - CF
Increase/Decrease
In Trade & Other
Receivables
Profit Before Taxation
And Minority Interest
Net Cash From
Operating Activities
Depreciation
Other Non-Cash Items
Share Profits From
Associated Companies
- CF
Change in Accounts
Receivable
Write-Offs/Revaluation/
Impair Of Fixed Assets
Amortization of
Goodwill - Cashflow
Cash From Investing
Activities
Other Investing
Activities
Interest Income - CF

Original:2006 A
2006-3-31
Original:2007 A
2007-3-31
Restated:2008 A
2008-3-31
Restated:2009 A
2009-3-31
Original:2010 A
2010-3-31
Restated:2011 A
2011-3-31
Restated:2012 A
2012-3-31
Restated:2013 A
2013-3-31
Restated:2014 A
2014-3-31
Original:2015 A
2015-3-31
611.41
2,556.20
2,683.30
-8.90
36.60
47.40
106.60
-343.22
-1,473.12
1,786.77
-1,044.76
-1,585.00
2,696.70
-1,194.30
-1,906.00
4,798.20
-549.40
-1,919.20
3,894.00
-1,913.50
-3,169.40
10,631.60
-3,495.50
-3,919.20
7,624.60
47.40
-2,934.60
-4,295.80
6,996.30
71.80
-2,468.80
-4,384.60
11,867.90
13.50
-2,307.70
-4,801.60
14,020.30
28.00
-1,442.20
-6,329.40
11,876.90
-3.58
-3.90
-16.00
-1.30
-627.20
-4.50
-333.20
-272.60
-122.90
-318.20
-177.70
320.60
-172.90
-161.00
8.30
47.10
106.30
-66.50
4,126.52
5,034.37
6,664.30
7,244.30
12,463.30
13,308.80
15,392.90
17,839.20
20,506.40
22,708.70
-2.17
-14.67
-37.80
-65.40
-78.80
-26.90
-2.30
-42.10
-71.10
-26.90
113.30
1,286.58
2,122.70
40.50
3,760.00
2,549.90
1,882.10
3,875.30
3,166.80
-1,511.50
-58.10
-115.28
-245.40
-140.80
-226.20
-354.70
-415.70
-328.90
-654.70
-706.10
114.29
-17.54
-636.71
189.11
-14.31
-994.49
211.60
-44.70
-888.50
263.20
-56.90
-922.20
284.70
-110.60
-508.80
232.10
-104.90
-819.40
409.70
-64.50
-3,048.30
366.50
-137.30
-2,993.20
422.20
-133.20
-2,543.60
347.60
-107.80
-1,548.70
3,431.38
4,271.20
6,330.10
6,191.40
12,572.40
12,597.40
14,540.80
16,552.10
18,342.70
20,768.70
3,259.89
4,281.70
6,704.20
5,813.20
13,801.00
11,543.80
11,292.10
16,252.50
18,821.90
18,206.30
606.16
-30.02
9.31
106.79
4.02
591.70
52.50
743.80
-22.70
835.60
-13.70
1,131.30
1,211.30
1,546.00
0.00
0.79
76.00
12.40
-2.90
102.10
183.90
-331.90
17.57
14.05
44.70
52.30
114.00
104.90
62.50
109.00
138.80
109.90
Bloomberg 02/10/2016 04:04:04
27

Currency: INR
Filing: Most Recent

Purchases of ShortTerm Investments
Purchases of
Investments
Proceeds From
Investments
Dvds Received (Non
Joint Vent/Associate)
Proceeds From ShortTerm Investments
Payment Of Acquisition
Of Subsidiary
Disposal of Fixed
Assets
Proceeds From Sale
Of Subs (Net Of Cash
Sold)
Investing
Cash from Financing
Activities
Net Change In Cash
Increase In Short-Term
Borrowings
Decrease In St
Borrowings
Decrease In Long-Term
Borrowings
Dividend Paid Including
Dividend Tax
Cash Paid For Interest
Increase In Long-Term
Borrowings
Dividend Tax Paid
Dividends Paid
Effect of Exchange
Rates On Cash
Financing
Reference Items
Cash and Cash
Equivalents (End of
Period)
Cash and Cash
Equivalents (Beg of
Period)

Original:2006 A
2006-3-31
Original:2007 A
2007-3-31
Restated:2008 A
2008-3-31
Restated:2009 A
2009-3-31
Original:2010 A
2010-3-31
Restated:2011 A
2011-3-31
Restated:2012 A
2012-3-31
Restated:2013 A
2013-3-31
Restated:2014 A
2014-3-31
0.00
Original:2015 A
2015-3-31
-622.00
-797.16
-395.58
-1,981.50
-543.60
-3,365.00
-2,903.90
-2,469.00
-8,715.90
-2,427.90
298.48
53.99
1,158.30
2.10
986.60
3,970.90
3,292.30
4,602.50
3,355.40
58.10
115.28
245.40
140.80
226.20
354.70
415.80
328.90
654.70
706.10
-867.18
-937.07
-3,080.50
-3,100.50
-3,953.10
-1,561.00
4.50
-5,463.50
8.40
-6,437.80
10.50
-2,510.10
26.80
-4,537.80
42.60
-3.60
-12.70
-6.30
0.00
-589.00
-1,233.30
39.93
133.68
262.40
217.50
120.60
57.90
62.90
70.60
156.30
161.30
6.90
59.10
-1,250.26
-1,212.20
-3,347.90
-2,700.50
-2,990.20
-4,404.00
-3,856.10
-4,993.40
-6,052.00
-4,777.60
125.89
56.73
319.85
736.84
114.00
-1,110.20
4,322.60
-124.30
119.30
-125.60
1,088.60
864.50
273.50
1,709.20
426.10
1,349.60
1,956.00
-380.80
-15.60
-529.70
0.00
-1,285.00
-619.80
-768.90
-333.70
-280.53
-25.60
-145.50
-63.80
-119.50
-61.00
-193.60
-87.90
-519.16
-1,999.30
-2,358.90
-3,168.30
-3,830.70
-4,623.50
-5,466.90
-6,935.40
-114.29
494.70
-189.11
-211.60
224.30
-263.20
-284.70
-232.10
-404.20
0.00
-370.90
56.90
-423.10
18.20
-345.10
431.60
5.10
-1,374.85
-57.00
-968.20
-60.80
-415.72
-1,107.65
-1,336.30
-2,303.70
-3,318.80
-3,344.90
-3,265.80
-6,010.00
-6,259.10
-5,749.70
734.08
1,053.93
1,107.10
2,103.70
6,374.70
6,262.30
6,136.50
7,362.40
9,263.70
10,741.00
608.19
734.08
1,053.90
3,213.90
2,052.10
6,386.60
6,262.10
6,136.50
7,362.40
9,263.70
Bloomberg 02/10/2016 04:04:04
28

Currency: INR
Filing: Most Recent
Employee Data

Number of Employees
Employees - 1 Yr
Growth
Sales per Employee
Actual Net Income per
Employee
Actual Assets per
Employee
Actual Cash Flow per
Employee

Original:2006 A
2006-3-31
3,681.00
1.49
Original:2007 A
2007-3-31
3,868.00
5.08
Restated:2008 A
2008-3-31
3,924.00
1.45
Restated:2009 A
2009-3-31
4,260.00
8.56
Original:2010 A
2010-3-31
4,382.00
2.86
Restated:2011 A
2011-3-31
4,640.00
5.89
Restated:2012 A
2012-3-31
4,937.00
6.40
Restated:2013 A
2013-3-31
5,236.00
6.06
Restated:2014 A
2014-3-31
5,870.00
12.11
Original:2015 A
2015-3-31
5,897.00
0.46
8,207,104.05
576,332.52
9,488,037.75
726,551.19
11,231,472.99
1,042,762.49
12,826,056.34
933,896.69
15,246,325.52
1,906,983.20
16,642,887.93
1,817,327.59
19,441,624.47
2,002,693.94
20,768,430.10
2,127,349.12
21,433,798.98
2,076,337.31
23,749,923.69
2,365,864.00
4,635,202.39
5,232,869.70
6,432,772.68
6,649,765.26
8,636,650.11
9,936,594.83
11,573,668.22
12,961,898.40
13,760,800.68
15,113,583.18
474,911.71
681,726.99
1,242,787.97
897,629.09
2,438,863.44
1,692,262.93
1,432,124.77
2,279,392.67
2,451,567.29
2,093,912.16
Bloomberg 02/10/2016 04:04:04
29

Currency: INR
Filing: Most Recent
As Reported Summary

Income Statement
Revenues
Revenues
Expenses
Total Operating
Expenses
Earnings
Net Income
Balance Sheet
Assets
Total Assets
Liabilities
Stockholder Equity
Total Shareholders
Equity
Total Liabilities and
Shareholders Equity
Cash Flows
Cash From Operating
Activities
Operations
Cash From Investing
Activities
Investing
Cash from Financing
Activities
Financing
Net Change In Cash
Original:2007 A
2007-3-31
36,699.73
7,304.15
Restated:2008 A
2008-3-31
44,072.30
8,623.50
Restated:2009 A
2009-3-31
54,639.00
10,516.70
Original:2010 A
2010-3-31
66,809.40
12,590.80
Restated:2011 A
2011-3-31
77,223.00
Restated:2012 A
2012-3-31
95,983.30
Restated:2013 A
2013-3-31
108,743.50
Restated:2014 A
2014-3-31
125,816.40
Original:2015 A
2015-3-31
140,053.30
Current
2016-2-10
41,029.50
2,810.30
12,913.30
8,532.45
7,777.92
4,091.80
15,114.80
11,701.90
9,823.70
3,978.40
17,987.10
11,921.30
12,031.70
8,356.40
18,436.90
16,946.90
17,099.80
8,432.40
30,676.00
46,105.80
20,806.60
21,874.20
9,887.30
35,066.70
57,139.20
25,870.30
27,485.00
11,138.80
40,061.80
67,868.50
29,299.90
12,188.10
49,152.00
80,775.90
34,587.50
13,951.50
53,551.90
89,124.80
35,172.30
4,632.80
11,708.29
46,105.80
57,139.20
67,868.50
80,775.90
89,124.80
2,696.70
4,798.20
3,894.00
10,631.60
7,624.60
6,996.30
11,867.90
14,020.30
11,876.90
-1,212.20
-3,347.90
-2,700.50
-2,990.20
-4,404.00
-3,856.10
-4,993.40
-6,052.00
-4,777.60
-1,107.65
-1,336.30
-2,303.70
-3,318.80
-3,344.90
-3,265.80
-6,010.00
-6,259.10
-5,749.70
319.85
114.00
-1,110.20
4,322.60
-124.30
-125.60
864.50
1,709.20
1,349.60
Bloomberg 02/10/2016 04:04:04
30

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Financial Statement Analysis

Ticker: APNT IN Equity

Note: Years shown on the report are Fiscal Years

Company: Asian Paints Ltd

Filing: Most Recent

Consolidation Basis: Consolidated Data

For the period ending

Diluted Market Cap

Bloomberg 02/10/2016 04:04:04

Financial Statement Analysis

Note: Years shown on the report are Fiscal Years

Filing: Most Recent

For the period ending

P/Free Cash Flow

Company: Asian Paints Ltd

Bloomberg 02/10/2016 04:04:04

Financial Statement Analysis

Note: Years shown on the report are Fiscal Years

Company: Asian Paints Ltd

Filing: Most Recent

For the period ending

Basic EPS Before

Consolidation Basis: Consolidated Data

Bloomberg 02/10/2016 04:04:04

Financial Statement Analysis

Note: Years shown on the report are Fiscal Years

Company: Asian Paints Ltd

Filing: Most Recent

For the period ending

Consolidation Basis: Consolidated Data

Bloomberg 02/10/2016 04:04:04

Financial Statement Analysis

Note: Years shown on the report are Fiscal Years

Company: Asian Paints Ltd

Filing: Most Recent

For the period ending

Liabilities & Shareholders'

Consolidation Basis: Consolidated Data

Bloomberg 02/10/2016 04:04:04

Financial Statement Analysis

Note: Years shown on the report are Fiscal Years

Company: Asian Paints Ltd

Filing: Most Recent

For the period ending

Consolidation Basis: Consolidated Data

Bloomberg 02/10/2016 04:04:04

Financial Statement Analysis

Note: Years shown on the report are Fiscal Years

Company: Asian Paints Ltd

Filing: Most Recent

For the period ending

Cash From Investing

Cash from Financing

Consolidation Basis: Consolidated Data

Bloomberg 02/10/2016 04:04:04

Financial Statement Analysis

Note: Years shown on the report are Fiscal Years

Company: Asian Paints Ltd

Filing: Most Recent

For the period ending

Consolidation Basis: Consolidated Data

Bloomberg 02/10/2016 04:04:04

Financial Statement Analysis

Note: Years shown on the report are Fiscal Years