Balance sheet

  Mar ' 09 Mar ' 08 Mar ' 07 Mar ' 06 Mar ' 05
Sources of funds
Owner's fund
Equity share capital 724.78 724.76 724.35 723.79 652.88
Share application money - - - - 68.89
Preference share capital - - - - -
Reserves & surplus 6,719.52 6,075.13 5,511.60 5,648.26 5,206.63
Loan funds
Secured loans - - - - -
Unsecured loans 1,12,401.01 72,997.98 43,354.04 26,000.92 15,102.64
Total 1,19,845.31 79,797.88 49,589.99 32,372.98 21,031.04
Uses of funds
Fixed assets
Gross block 3,873.95 3,894.76 3,856.40 2,306.30 2,456.28
Less : revaluation reserve 1,979.56 2,022.07 2,063.91 - -
Less : accumulated depreciation 1,127.40 1,173.59 1,089.08 1,503.79 1,573.93
Net block 766.98 699.10 703.41 802.50 882.35
Capital work-in-progress 77.56 44.80 11.05 8.40 7.06
Investments 50,047.60 32,802.93 25,675.31 25,350.53 25,054.69
Net current assets
Current assets, loans & advances 4,882.96 4,154.02 6,003.73 4,301.50 4,349.41
Less : current liabilities & provisions 6,160.40 10,261.89 9,781.04 8,661.60 10,323.67
Total net current assets -1,277.45 -6,107.86 -3,777.31 -4,360.10 -5,974.26
Miscellaneous expenses not written - - - - -
Total 49,614.70 27,438.97 22,612.46 21,801.33 19,969.85
Notes:
Book value of unquoted investments - - - 25,350.53 25,054.69
Market value of quoted investments - - - - -
Contingent liabilities 1,16,577.14 1,04,037.89 1,08,527.82 78,539.49 61,257.30
Number of equity sharesoutstanding
7247.81 7247.64 7243.54 7237.95 6528.80
(Lacs)

Profit loss account

  Mar ' 09 Mar ' 08 Mar ' 07 Mar ' 06 Mar ' 05
Income
   Mar ' 09 Mar ' 08 Mar ' 07 Mar ' 06 Mar ' 05
Operating income 12,668.35 9,159.74 6,994.23 6,398.80 3,152.89
Expenses
Material consumed - - - - -
Manufacturing expenses  - - - - -
Personnel expenses 569.24 384.61 282.90 318.51 157.55
Selling expenses 48.38 25.25 11.01 16.95 16.19
Adminstrative expenses 811.35 599.00 597.99 554.26 162.05
Expenses capitalised - - - - -
Cost of sales 1,428.97 1,008.86 891.90 889.72 335.79
Operating profit 933.66 786.47 414.84 508.26 349.23
Other recurring income 113.73 138.48 211.15 217.29 118.74
Adjusted PBDIT 1,047.39 924.94 625.99 725.55 467.98
Financial expenses 10,305.72 7,364.41 5,687.49 5,000.82 2,467.87
Depreciation  52.70 83.50 122.00 143.55 84.01
Other write offs - - - - 108.26
Adjusted PBT 994.69 841.44 504.00 582.00 275.70
Tax charges  127.10 93.25 52.31 27.46 -18.78
Adjusted PAT 845.26 728.64 451.69 554.54 294.48
Non recurring items 13.28 0.81 178.62 6.35 12.77
Other non cash adjustments - - - -0.11 -
Reported net profit 858.54 729.46 630.31 560.78 307.26
Earnigs before appropriation 879.58 2,044.36 1,661.02 1,348.23 1,186.17
Equity dividend 181.20 144.95 108.65 108.57 54.13
Preference dividend - - - - -
Dividend tax 30.79 22.27 18.47 15.23 7.59
Retained earnings 667.59 1,877.14 1,533.90 1,224.43 1,124.45

Cash flow
  Mar ' 09 Mar ' 08 Mar ' 07 Mar ' 06 Mar ' 05
Profit before tax 985.64 822.71 682.62 588.35 288.48
Net cashflow-operating activity 2,767.71 2,144.64 200.63 -105.24 2,507.65
Net cash used in investing activity -140.06 -112.14 -153.07 -58.68 11.01
  
Netcash used in fin. activity
Net inc/dec in cash and equivlnt
Cash and equivalnt begin of year
Cash and equivalnt end of year
Mar ' 09 Mar ' 08 Mar ' 07 Mar ' 06 Mar ' 05
-167.10 -184.82 1,194.60 -126.46 179.21
2,460.55 1,847.68 1,548.31 -290.38 2,697.87
8,758.77 6,911.09 5,362.78 5,653.16 2,955.29
11,219.32 8,758.77 6,911.09 5,362.78 5,653.16

Dividend

Year Month Dividend (%)

2009 Apr 25
2008 Apr 20
2007 Apr 15
2006 Apr 15
2005 Apr 8
2004 Nov 15
2003 May 15
2002 May -
2001 May 45
2000 Mar 45
1999 May 45
1997 Jun 35

Share holding

Share holding pattern as on : 30/09/2009 30/06/2009 31/03/2009

Face value 10.00 10.00 10.00
No. Of % No. Of % No. Of %
Shares Holding Shares Holding Shares Holding
Promoter's holding
 No. Of % No. Of % No. Of %
Shares Holding Shares Holding Shares Holding
Indian Promoters 381778000 52.67 381778000 52.67 381778000 52.67
Sub total 381778000 52.67 381778000 52.67 381778000 52.67
Non promoter's holding
Institutional investors
Banks Fin. Inst. and
138465743 19.10 144988240 20.00 148906222 20.54
Insurance
FII's 41401311 5.71 38868216 5.36 27932879 3.85
Sub total 191217517 26.38 190586125 26.30 186052296 25.67
Other investors
Private Corporate Bodies 26427939 3.65 33219422 4.58 32950067 4.55
NRI's/OCB's/Foreign
5175206 0.71 4931635 0.68 5422581 0.75
Others
Others 14918109 2.06 6092743 0.84 4089126 0.56
Sub total 46521254 6.42 44243800 6.10 42461774 5.86
General public 105282503 14.53 108173499 14.92 114489354 15.80
Grand total 724799274 100.00 724781424 100.00 724781424 100.00

Capital structure

From To Class Of Authorized Issued Paid Up Paid Up Paid Up

Year Year Share Capital Capital Shares (Nos) Face Value Capital
Equity
2008 2009 1,250.00 724.78 724781424 10 724.78
Share
Equity
2007 2008 1,250.00 724.76 724763834 10 724.76
Share
Equity
2006 2007 1,250.00 724.35 724354088 10 724.35
Share
Equity
2005 2006 1,250.00 723.79 723794603 10 723.79
Share
Equity
2004 2005 1,250.00 652.88 652880406 10 652.88
Share
Equity
2003 2004 1,500.00 652.83 652830400 10 652.83
Share
Equity
2002 2003 1,500.00 652.83 652830400 10 652.83
Share
Equity
2001 2002 1,500.00 652.83 652830400 10 652.83
Share
Equity
2000 2001 1,500.00 652.83 652830400 10 652.83
Share
Equity
1999 2000 1,500.00 673.09 673093300 10 673.09
Share
 From To Class Of Authorized Issued Paid Up Paid Up Paid Up
Year Year Share Capital Capital Shares (Nos) Face Value Capital
Equity
1998 1999 1,500.00 673.09 673093300 10 673.09
Share
Equity
1997 1998 1,500.00 673.09 673093300 10 673.09
Share
Equity
1996 1997 1,500.00 673.09 673093300 10 673.09
Share
Equity
1995 1996 1,500.00 673.09 673093300 10 673.09
Share
Equity
1994 1995 1,500.00 500.00 500000000 10 500.00
Share

Ratios

  Mar ' 09 Mar ' 08 Mar ' 07 Mar ' 06 Mar ' 05
Per share ratios
Adjusted EPS (Rs) 11.66 10.05 6.24 7.66 4.51
Adjusted cash EPS (Rs) 12.39 11.21 7.92 9.64 7.46
Reported EPS (Rs) 11.85 10.06 8.70 7.75 4.71
Reported cash EPS (Rs) 12.57 11.22 10.39 9.73 7.65
Dividend per share 2.50 2.00 1.50 1.50 0.75
Operating profit per share (Rs) 12.88 10.85 5.73 7.02 5.35
Book value (excl rev res) per share (Rs) 102.71 93.82 86.09 88.04 89.75
Book value (incl rev res) per share (Rs.) 130.02 121.72 114.58 88.04 89.75
Net operating income per share (Rs) 174.79 126.38 96.56 88.41 48.29
Free reserves per share (Rs) 70.83 66.69 62.47 67.38 64.87

Profitability ratios
Operating margin (%) 7.37 8.58 5.93 7.94 11.07
Gross profit margin (%) 6.95 7.67 4.18 5.69 8.41
Net profit margin (%) 6.71 7.84 8.74 8.47 9.39
Adjusted cash margin (%) 7.02 8.73 7.96 10.55 14.87
Adjusted return on net worth (%) 11.35 10.71 7.24 8.70 5.02
Reported return on net worth (%) 11.53 10.72 10.10 8.80 5.24
Return on long term funds (%) 151.49 120.38 99.28 87.61 46.82
Leverage ratios
Long term debt / Equity - - - - -
Total debt/equity 15.10 10.74 6.95 4.08 2.58
Owners fund as % of total source 6.21 8.52 12.57 19.68 27.95
Fixed assets turnover ratio 3.27 2.35 1.81 2.77 1.28
   Mar ' 09 Mar ' 08 Mar ' 07 Mar ' 06 Mar ' 05
Liquidity ratios
Current ratio 0.79 0.40 0.61 0.49 0.42
Current ratio (inc. st loans) 0.04 0.04 0.11 0.12 0.17
Quick ratio 18.98 9.07 7.55 6.89 5.05
Inventory turnover ratio - - - - -
Payout ratios
Dividend payout ratio (net profit) 24.69 22.92 20.16 22.07 20.08
Dividend payout ratio (cash profit) 23.26 20.56 16.89 17.57 12.35
Earning retention ratio 74.93 77.06 71.86 77.68 79.04
Cash earnings retention ratio 76.40 79.42 77.85 82.27 87.32
Coverage ratios
Adjusted cash flow time total debt 125.17 89.88 75.57 37.25 31.03
Financial charges coverage ratio 1.10 1.13 1.11 1.15 1.19
Fin. charges cov.ratio (post tax) 1.09 1.11 1.13 1.14 1.20
Component ratios
Material cost component (% earnings) - - - - -
Selling cost Component 0.38 0.27 0.15 0.26 0.51
Exports as percent of total sales - - - - -
Import comp. in raw mat. consumed - - - - -
Long term assets / total Assets 0.91 0.88 0.81 0.85 0.85
Bonus component in equity capital (%) 33.77 33.77 33.79 33.82 37.49

Annual results in brief

  Mar ' 09 Mar ' 08 Mar ' 07 Mar ' 06 Mar ' 05
Sales 11,631.62 8,020.84 6,345.42 5,380.72 2,655.72
Operating profit 9,901.43 6,551.64 5,342.93 4,308.72 2,129.22
Interest 10,305.72 7,364.41 5,687.49 5,000.82 2,467.87
Gross profit 1,377.91 1,333.11 906.65 800.87 361.02
EPS (Rs) 11.85 10.06 8.70 7.75 4.26

Annual results in details

  Mar ' 09 Mar ' 08 Mar ' 07 Mar ' 06 Mar ' 05
Other income 1,389.92 1,635.47 1,027.18 1,280.45 627.13
Stock adjustment - - - - -
Raw material - - - - -
Power and fuel - - - - -
Employee expenses 582.63 384.61 282.90 318.51 149.34
Excise - - - - -
   Mar ' 09 Mar ' 08 Mar ' 07 Mar ' 06 Mar ' 05
Admin and selling expenses - - - - -
Research and development expenses - - - - -
Expenses capitalised - - - - -
Other expenses 755.28 574.18 495.56 540.97 304.62
Provisions made 392.28 510.41 224.03 212.52 72.54
Depreciation - - - - -
Taxation 127.10 93.25 52.31 27.46 -18.78
Net profit / loss 858.53 729.45 630.31 560.89 307.26
Extra ordinary item - - - - -
Prior year adjustments - - - - -
Equity capital 724.78 724.76 724.35 723.79 721.77
Equity dividend rate - - - - -
Agg.of non-prom. shares (Lacs) 3430.03 3429.86 3425.76 3420.17 3399.97
Agg.of non promotoHolding (%) 47.33 47.32 47.29 47.25 47.11
OPM (%) 85.13 81.68 84.20 80.08 80.17
GPM (%) 10.58 13.81 12.30 12.02 11.00
NPM (%) 6.59 7.55 8.55 8.42 9.36

Half yearly results in brief

  Sep ' 09 Mar ' 09 Sep ' 08 Mar ' 08 Sep ' 07
Sales 7,183.43 6,509.51 5,122.11 4,326.98 3,693.86
Operating profit 5,576.21 5,392.90 4,469.70 3,580.07 2,971.57
Interest 6,394.94 5,511.82 4,793.90 3,878.10 3,486.31
Gross profit 1,392.79 874.55 464.10 697.49 635.61
EPS (Rs) 5.87 7.40 3.91 5.81 4.26

Annual results in details

  Sep ' 09 Mar ' 09 Sep ' 08 Mar ' 08 Sep ' 07
Other income 1,318.31 738.32 651.39 772.61 862.86
Stock adjustment - - - - -
Raw material - - - - -
Power and fuel - - - - -
Employee expenses 291.30 380.35 197.55 221.97 162.64
Excise - - - - -
Admin and selling expenses - - - - -
Research and development expenses - - - - -
Expenses capitalised - - - - -
   Sep ' 09 Mar ' 09 Sep ' 08 Mar ' 08 Sep ' 07
Other expenses 422.71 481.11 317.95 302.03 272.16
Provisions made 893.21 255.15 136.91 222.91 287.49
Depreciation - - - - -
Taxation 74.00 83.10 44.00 53.75 39.50
Net profit / loss 425.58 536.30 283.19 420.83 308.62
Extra ordinary item - - - - -
Prior year adjustments - - 39.06 - -
Equity capital 724.80 724.78 724.78 724.76 724.59
Equity dividend rate - - - - -
Agg.of non-prom. shares (Lacs) 3430.21 3430.03 3429.89 3429.86 3428.11
Agg.of non promotoholding (%) 47.33 47.33 47.32 47.32 47.31
OPM (%) 77.63 82.85 87.26 82.74 80.45
GPM (%) 16.38 12.07 8.04 13.68 13.95
NPM (%) 5.01 7.40 4.90 8.25 6.77

Quarterly results in brief

  Sep ' 09 Jun ' 09 Mar ' 09 Dec ' 08 Sep ' 08
Sales 3,720.14 3,463.30 3,262.21 3,247.30 2,697.25
Operating profit 2,989.12 2,587.08 2,680.79 2,712.11 2,332.69
Interest 3,248.08 3,146.86 2,780.81 2,731.01 2,468.29
Gross profit 636.64 756.15 483.92 390.63 284.48
EPS (Rs) 3.50 2.37 4.33 3.07 2.24

Quarterly results in details

  Sep ' 09 Jun ' 09 Mar ' 09 Dec ' 08 Sep ' 08
Other income 562.70 755.61 472.29 266.03 320.09
Stock adjustment - - - - -
Raw material - - - - -
Power and fuel - - - - -
Employee expenses 171.98 119.32 222.85 157.50 112.70
Excise - - - - -
Admin and selling expenses - - - - -
Research and development expenses - - - - -
Expenses capitalised - - - - -
Other expenses 226.14 196.58 246.92 234.19 151.87
Provisions made 332.90 560.32 111.65 143.50 99.99
Depreciation - - - - -
   Sep ' 09 Jun ' 09 Mar ' 09 Dec ' 08 Sep ' 08
Taxation 50.00 24.00 58.60 24.50 22.00
Net profit / loss 253.74 171.83 313.67 222.63 162.49
Extra ordinary item - - - - -
Prior year adjustments - - - - -
Equity capital 724.80 724.78 724.78 724.78 724.78
Equity dividend rate - - - - -
Agg.of non-prom. shares (Lacs) 3430.21 3430.03 3430.03 3429.99 3429.89
Agg.of non promotoholding (%) 47.33 47.33 47.33 47.32 47.32
OPM (%) 80.35 74.70 82.18 83.52 86.48
GPM (%) 14.86 17.92 12.96 11.12 9.43
NPM (%) 5.92 4.07 8.40 6.34 5.39