Professional Documents
Culture Documents
Mar '12
12 mths
12 mths
12 mths
1.37
1.37
1.34
48,928.02
35,784.21
26,171.30
34.42
25.17
18.41
48,893.60
35,759.04
26,152.89
-3,708.21
-2,712.05
-1,983.50
177.01
45,185.39
33,046.99
24,346.40
1401.83
1025.25
749.83
Income
Sales Turnover
Excise Duty
Net Sales
Other Income
Stock Adjustments
Total Income
Expenditure
Raw Materials
Power & Fuel Cost
23384.95
17102.92
12,508.47
Employee Cost
2142.97
1567.29
1,146.26
9515.19
6959.07
5,089.62
156.24
114.27
83.57
2489.75
1820.91
1,331.75
126.98
92.87
67.92
Total Expenses
39217.90
28682.58
20,977.42
Operating Profit
9,675.69
7,076.46
5,352.48
PBDIT
5,967.48
4,364.40
3,368.98
Interest
2704.94
1978.30
1,527.09
PBDT
3,262.54
2,386.11
1,841.89
Depreciation
2106.90
1664.68
1,334.64
1,155.64
721.43
507.25
-0.89
1,155.64
721.43
506.36
Miscellaneous Expenses
Preoperative Exp Capitalised
Extra-ordinary items
PBT (Post Extra-ord Items)
Tax
3365.53
2101.00
1,474.65
-2,209.88
-1,379.56
-968.29
Minority Interest
190.16
190.16
190.16
-70.77
-70.77
-70.77
1333.37
975.18
713.21
37816.08
27657.33
20,227.59
Preference Dividend
Equity Dividend
23,730.72
23,730.72
23,730.72
-9.31
-5.81
-4.08
111.67
81.67
59.73
3,860.58
2,699.73
2,034.34
NOPAT
Mar '10
Mar '09
Mar '08
12 mths
12 mths
12 mths
12 mths
1.50
1.06
1.57
19,462.85
12,960.95
12,254.75
7,829.16
12.09
10.95
6.52
13.33
19,450.76
12,950.00
12,248.23
7,815.83
410.5
6,520.39
5,628.32
3,523.27
-3.34
-9.61
79.76
-11.64
19,857.92
19,460.78
17,956.31
11,327.46
516.01
204.73
213.15
124.33
10,953.36
9,261.66
9,906.80
5,265.70
825.93
707.41
525.23
336.72
1,026.18
3,043.11
1,662.01
1,048.85
1,852.50
1,280.42
1,926.91
1,530.36
306.1
185.64
104.32
-1,083.69
-166.2
-123.3
14,851.84
14,291.82
13,607.05
8,683.53
4,595.58
-1,351.43
-1,279.06
-879.34
5,006.08
5,168.96
4,349.26
2,643.93
868.37
1,481.03
948.57
509.89
4,137.71
3,687.93
3,400.69
2,134.04
980.24
877.68
656.49
559.28
0.76
3,157.47
2,809.49
2,744.20
1,574.76
18.21
29.01
-173.7
31.79
3,175.68
2,838.50
2,570.50
1,606.55
993.77
657.67
991.4
408.25
2,181.91
2,138.64
1,298.73
1,176.98
196.5
233.46
107.56
4.92
-74.19
-61.66
-27.57
116.99
2,041.39
1,937.83
1,392.44
1,023.28
14,335.83
14,087.09
13,393.90
8,559.20
296.92
285.36
255.98
241.38
42.53
49.05
44.86
41.03
2,373.07
2,373.07
2,214.24
2,207.00
91.94
90.12
58.65
53.33
595.29
430.39
364.45
362.80
0.07%
-7.6%
2.87%
47.83%
4.38%
19.46%
0.32%
5.09%
0.26%
45%
291.2%
Mar '12
Mar '11
12 mths
12 mths
12 mths
12 mths
443.62
324.45
237.29
237.29
Sources Of Funds
443.62
324.45
237.29
237.29
26,055.80
19,056.29
13,937.09
13,889.28
26,499.42
19,380.73
14,174.38
14,126.57
Secured Loans
42587.89983
31147.28
22,780.01
19,550.69
Unsecured Loans
17087.20016
12496.97
9,139.84
5,211.71
Total Debt
59,675.10
43,644.25
31,919.85
24,762.40
3049.707325
2230.447504
1,631.27
1,414.26
264.67
89,224.23
65,255.43
47,725.50
40,567.90
Gross Block
71456.24
52260.55
38,221.51
24,366.89
19710.73
14415.73
10,543.15
8,329.51
Net Block
51,745.51
37,844.83
27,678.36
16,037.38
Minority Interest
Total Liabilities
Application Of Funds
23620.21
17274.99
12,634.31
19,575.06
Investments
6399.21
4680.16
3,422.90
2,841.00
Inventories
3149.58
2303.49
1,684.69
1,133.29
Sundry Debtors
4610.41
3371.89
2,466.08
5,068.89
6999.74
5119.36
3,744.12
2,206.59
14,759.73
10,794.74
7,894.89
8,408.77
18660.95
13647.96
9,981.63
2,690.85
33,420.68
24,442.70
17,876.52
11,099.62
22350.37
16346.27
11,955.08
7,945.00
3611.01
2640.97
1,931.51
1,781.04
25,961.39
18,987.24
13,886.59
9,726.04
7,459.29
5,455.46
3,989.93
1,373.58
2,003.83
1,465.53
2,616.35
-677.20
Minority Interest
740.88
Miscellaneous Expenses
89,224.23
65,255.43
47,725.50
40,567.90
Fixed Deposits
Total CA, Loans & Advances
Deffered Credit
Current Liabilities
Provisions
Total CL & Provisions
Net Current Assets (NWC)
Total Assets
Contingent Liabilities
Book Value (Rs)
CE
8506.32
6221.22
4,549.98
6,515.07
111.67
81.67
59.73
595.29
63,262.84
Mar '10
Mar '09
Mar '08
12 mths
12 mths
12 mths
237.43
221.4
220.68
237.43
221.4
220.68
60.99
9,976.03
7,848.40
7,725.27
10,213.46
8,069.80
8,006.94
14,297.28
10,707.37
8,100.63
4,056.13
3,242.25
1,102.65
18,353.41
13,949.62
9,203.28
1,209.71
944.37
806.17
4,792.39
4,453.49
1,426.02
34,568.97
27,417.28
19,442.41
19,617.11
18,178.63
14,660.52
7,454.93
6,807.89
5,837.81
12,162.18
11,370.74
8,822.71
11,692.67
6,144.77
3,319.74
3,082.31
3,251.23
3,125.27
654.72
720.38
536.11
3,514.25
2,561.69
2,269.74
475.01
480.08
319.52
4,643.98
3,762.15
3,125.37
1,185.23
1,111.67
750.47
1,557.65
223.46
57.92
7,386.86
5,097.28
3,933.76
4,585.56
3,700.50
2,381.18
750.52
728.64
623.47
5,336.08
4,429.14
3,004.65
2,050.78
668.14
929.11
1,382.64
-260.97
5,581.00
5,981.61
3,243.09
0.03
0.79
2.49
34,568.97
27,417.28
19,442.41
0.34%
11.5%
10.0%
11.8%
11.7%
10.1%
11.0%
10,923.71
14,378.59
12,258.84
430.39
364.45
362.80
29,232.89 22,988.14
Mar '12
Mar '11
12 mths
12 mths
12 mths
12 mths
443.62
324.45
237.29
237.29
Sources Of Funds
443.62
324.45
237.29
237.29
26,055.80
19,056.29
13,937.09
13,889.28
26,499.42
19,380.73
14,174.38
14,126.57
Secured Loans
42587.9
31147.28
22,780.01
19,550.69
Unsecured Loans
17087.2
12496.97
9,139.84
5,211.71
Total Debt
59,675.10
43,644.25
31,919.85
24,762.40
Minority Interest
3049.7073
2230.447504
1,631.27
1,414.26
264.67
89,224.23
65,255.43
47,725.50
40,567.90
Gross Block
71456.24
52260.55
38,221.51
24,366.89
19710.73
14415.73
10,543.15
8,329.51
Net Block
51,745.51
37,844.83
27,678.36
16,037.38
Total Liabilities
Application Of Funds
23620.21
17274.99
12,634.31
19,575.06
Investments
6399.21
4680.16
3,422.90
2,841.00
Inventories
3149.58
2303.49
1,684.69
1,133.29
Sundry Debtors
4610.41
3371.89
2,466.08
5,068.89
6999.74
5119.36
3,744.12
2,206.59
14,759.73
10,794.74
7,894.89
8,408.77
18660.95
13647.96
9,981.63
2,690.85
33,420.68
24,442.70
17,876.52
11,099.62
22350.37
16346.27
11,955.08
7,945.00
3611.01
2640.97
1,931.51
1,781.04
25,961.39
18,987.24
13,886.59
9,726.04
Fixed Deposits
Total CA, Loans & Advances
Deffered Credit
Current Liabilities
Provisions
Total CL & Provisions
Net Current Assets (NWC)
7,459.29
5,455.46
3,989.93
1,373.58
Minority Interest
740.88
Miscellaneous Expenses
Total Assets
89,224.23
65,255.43
47,725.50
40,567.90
Contingent Liabilities
Book Value (Rs)
PBT
Add: tax
Add: DEP
NWC
Investing
Financing
8506.32
6221.22
4,549.98
6,515.07
111.67
81.67
59.73
595.29
1,155.64
3,365.53
2,106.90
6,628.07
-3884
721.43
2,101.00
1,664.68
4,487.11
-2841
2,743.86
507.25
1,474.65
1,334.64
3,316.54
-1079
1,646.33
3,157.47
993.77
980.24
5,131.48
-2409
2,237.72
-13901
-6345
-1719
-21965
-10166
-4641
-1257
-16064
-11641
6941
-582
-5282
-3875
-7882
241
-11516
----------------Mar '10
Mar '09
Mar '08
12 mths
12 mths
12 mths
237.43
221.4
220.68
237.43
221.4
220.68
60.99
9,976.03
7,848.40
7,725.27
10,213.46
8,069.80
8,006.94
14,297.28
10,707.37
8,100.63
4,056.13
3,242.25
1,102.65
18,353.41
13,949.62
9,203.28
1,209.71
944.37
806.17
4,792.39
4,453.49
1,426.02
34,568.97
27,417.28
19,442.41
19,617.11
18,178.63
14,660.52
7,454.93
6,807.89
5,837.81
12,162.18
11,370.74
8,822.71
11,692.67
6,144.77
3,319.74
3,082.31
3,251.23
3,125.27
654.72
720.38
536.11
3,514.25
2,561.69
2,269.74
475.01
480.08
319.52
4,643.98
3,762.15
3,125.37
1,185.23
1,111.67
750.47
1,557.65
223.46
57.92
7,386.86
5,097.28
3,933.76
4,585.56
3,700.50
2,381.18
750.52
728.64
623.47
5,336.08
4,429.14
3,004.65
2,050.78
668.14
929.11
5,581.00
5,981.61
3,243.09
0.03
0.79
2.49
34,568.97
27,417.28
19,442.41
Mar '14[E]
Mar '12
Mar '11
Mar '10
Mar '09
119
119
0
0
0
0
0
7000
0
7119
11441
4590
16031
819
0
0
23969
87
87
0
0
0
0
0
5119
0
5206
8367
3357
11724
599
0
0
17530
0
0
0
0
0
0
0
48
0
48
3229
3928
7157
217
0
-265
7158
0
0
0
0
0
0
0
3913
0
3913
5253
1156
6409
205
0
-4528
5999
16
16
0
0
0
0
0
2128
0
2144
3590
814
4404
265
0
339
7152
1
1
-61
0
0
0
0
123
0
63
2607
2140
4746
138
0
3027
7975
19196
5295
13901
6345
1719
846
1239
1880
3965
5013
0
8978
0
6004
970
6974
2004
0
0
0
23969
14039
3873
10166
4641
1257
619
906
1375
2900
3666
0
6566
0
4391
709
5101
1466
0
0
0
17530
13855
2214
11641
-6941
582
551
-2603
1538
-514
7291
0
6777
0
4010
150
4161
2616
0
-741
0
7158
4750
875
3875
7882
-241
479
1555
1732
3765
1506
-1558
3713
0
3359
1031
4390
-677
0
-4840
0
5999
1438
647
791
5548
-169
-66
953
-5
882
74
1334
2290
0
885
22
907
1383
0
-401
-1
7152
3518
970
2548
2825
126
184
292
161
637
361
166
1164
0
1319
105
1424
-261
0
2739
-2
7975
10,923.71
14,378.59
12,258.84
430.39
364.45
362.80
2,809.49
657.67
877.68
4,344.84
-1388
2,722.70
2,744.20
991.40
656.49
4,392.09
-422
2,957.13
3,970.56
-791
-5548
169
-6170
-2548
-2825
-126
-5499
Mar '08
14661
5838
8823
3320
3125
536
2270
320
3125
750
58
3934
0
2381
623
3005
929
0
3243
2
19442
Mar '12
Mar '11
12 mths
12 mths
12 mths
12 mths
1,155.64
721.43
507.25
3,157.47
2087.7596 1526.91317
1116.73
3486.4
-12718 -9301.4913
-6802.78
-9030.87
13109.795 9588.03788
7012.35
5414.24
2479.5569 1813.45977
1326.3
-130.23
5280.7798
3467.32
2141.02
2343.01
7760.3367 5280.77977
3467.32
2212.78
-----------------Mar '10
Mar '09
Mar '08
12 mths
12 mths
12 mths
2,809.49
2,744.20
1,574.76
2442.95
2821.26
1691.16
-6773.71
-5305.76
-6551.78
5595.29
2888.44
4139.84
1264.53
403.94
-720.78
1092.69
775.47
1289.45
2357.22
1179.41
568.67
Growth Ratio
Sales growth (%)
EBITDA growth (%)
EPS growth (%)
Profitability Ratios
EBITDA Margin (%)
PAT Marin (%)
RoCE (%)
RoE (%)
Dividend and Earnings
Dividend / share (Rs)
Dividend payout ratio (%)
Dividend yield (%)
EPS (Rs)
Efficiency ratio
Asset Turnover (Sales/GFA)
Asset Turnover (Sales/NFA)
Sales/WC
Financial Stability
Net Debt - Equity
Interest Coverage
Current ratio
36.7%
36.7%
60.2%
36.7%
29.5%
42.5%
34.5%
-32.7%
-104.4%
50.2%
-3.2%
2.0%
12.2%
-4.5%
15.3%
-8.3%
12.2%
-3.9%
15.3%
-7.1%
12.9%
-3.7%
15.8%
-6.8%
25.7%
11.2%
14.9%
15.4%
0.00
0.0%
0.0%
-9.31
0.00
0.0%
0.0%
-5.81
0.00
0.0%
0.0%
-4.08
0.13
13.6%
11.3%
91.94
0.68
0.94
2.07
0.68
0.94
2.07
0.68
0.94
2.07
0.80
1.21
0.99
3.37
1.43
1.29
3.37
1.36
1.29
3.37
1.33
1.29
2.87
4.64
1.14
-----------------Mar '10
Mar '09
5.7%
18.8%
53.7%
56.7%
64.5%
10.0%
39.9%
16.5%
-4.6%
20.9%
35.5%
10.6%
-5.6%
16.1%
0.12
13.3%
8.9%
90.12
0.12
19.7%
0.66
1.06
1.11
0.67
1.08
1.99
3.38
2.90
1.38
3.40
3.89
1.15
58.65
42
303
52
170
119
FY10
0.32
1.48
3.72
Mkt Cap
(INR MN)
91125
37868
85775
1401317
551169
FY11
0.19
1.29
5.03
P/BV (x)
2013E
2014E
1.6
1.3
0.7
0.7
1.4
1.2
1.8
1.7
2.1
1.9
1.5
1.4
EV/EBITDA (x)
2013E
18.5
5.2
6.5
10.9
10.7
10.4
FY12
FY14E
1.71
2.02
15.65
FY13E
EV/EBITDA (x)
2014E
6.7
5
5.1
9.6
9.4
7.2
RoE (%)
2013E
2014E
-5.6
22.2
8.9
8.5
11.2
13.6
11.9
12.5
14.8
16.6
8.2
14.7
MSP
OS
Mkt Cap
Total Debt (20
Cash * Equi
EV
EBITDA
EV/EBITDA
P/BV
High
Low
Avg Mkt Price
Out Shares
Mkt Cap
Total Debt
Cash * Equi
EV
EBITDA
EV/EBITDA
P/BV
EV/Sales
Avg P
P/E
EPS
P (E)
2010
2011
2012
2013
2014
151.86
141.3
121.5
112.5
119.31
80.65
83
96
135.585
110.975
102.25
104.25
23.73
23.73
237.31
237.31
3217.527 2633.514 24264.66 24739.28
18,353.41 24,762.40 31,919.85 43,644.25 59,675.10
2357.22
2212.78
3467.32 5,280.78 7,760.34
19,213.72 25,183.13 52,717.19 63,102.74 51,914.76
5,168.96 5,006.08 3,368.98 4,364.40 5,967.48
3.7
5.0
15.6
14.46
8.70
0.32
0.19
1.71
1.28
0.00
1.48
1.29
2.02
1.76
1.06
116.27
-28.49529
-4.08
-28.4953 -28.4953
-5.81
-9.31
165.6548 265.3577
MSP
OS
Mkt Cap
Total Debt (2012)
Cash * Equi
EV
EBITDA
EV/EBITDA
P/BV
97.1
23,730.72
2304253
31,919.85
3467.32
51,495.06
3,368.98
15.29
1.63
lakhs
lakhs
Cr
Cr
23042.53 Cr
Mar '12
Mar '11
10
--
--
--
--
40.77
29.82
22.56
-89.04
19.8%
19.8%
20.5%
23.6%
15.2
18.2
15.36
18.58
9.91
15.82
9.91
13.26
-4.11
10.6
-4.11
10.36
9.29
10.35
-7.67
14.57
9.06
16.59
59.73
459.08
59.73
459.08
9.76
11.4
1.1
0.94
1.17
1.1
2.25
1.75
2.1
1.75
Interest Cover
2.81
4.64
2.25
2.26
3.68
2.75
1.16
2.68
15.53
17.17
7.73
4.53
15.53
2,091.87
0.79
0.97
0.61
0.54
0.62
0.39
--
25.2
15.52
15.52
--
--
54.92
40.25
2.86
1.37
--
--
0.31
4.12
--
--
2.87%
--
2.87%
--
0.32%
--
0.32%
--
--
16.48
--
12
--
81.23
100
86.83
12.19
9.56
-----------------Mar '10
Mar '09
Mar '08
10
10
10
--
--
--
-58.63
-70.43
-40.81
-10.4%
-10.4%
-11.3%
-11.9
-12.5
-13.24
-17.53
-18.09
-18.67
13.6
11.13
12.58
13.6
11.13
12.58
10.3
6.87
9.57
10.3
6.87
9.57
13.49
14.79
10.14
19.25
15.1
13.28
16.8
16.32
10.41
430.39
364.41
359.92
430.39
364.41
359.92
13.83
15.52
10.32
1.2
0.93
1.21
1.26
0.99
1.13
1.8
1.73
1.16
1.74
1.57
1.11
3.23
3.96
3.58
1.8
1.73
1.16
3.19
4.13
4.52
2.92
2.98
4.17
580.95
442.41
628.85
4.26
5.07
4.04
580.95
442.41
628.85
0.84
0.92
0.75
0.52
0.74
0.65
0.84
0.92
0.75
66.31
73.6
37.44
--
--
--
57.01
19.64
42.8
1.58
1.74
1.59
--
--
--
3.73
4.01
3.04
--
--
--
17
24.68
26.76
11.75
16.04
17.49
80.52
77.17
65.89
87.12
84.77
79.64
7.07
7.07
6.64