RATIOS

FINANACIAL PERFORMANCE

JUN-01

JUN-02

JUN-03

JUN-04

JUN-05

Cost of goods sold/Net Sales

65.33%

65.24%

68.23%

66.54%

64.60%

Manpower costs/Total Income

3.76%

4.75%

4.29%

4.17%

4.65%

Advertising and selling cost/Total Income

3.34%

3.07%

2.65%

2.84%

2.99%

Interest/Total Income

3.44%

3.93%

3.97%

3.64%

2.24%

2.37

2.04

2.13

2.36

3.72

PBDIT/Total Income

8.15%

8.04%

8.57%

8.66%

8.35%

PBDT/Total Income

4.71%

4.11%

4.60%

5.03%

6.11%

Net Profit/Total Income

3.54%

2.46%

2.56%

3.00%

3.54%

RONW

21.34%

15.85%

18.92%

24.47%

24.42%

ROCE

17.98%

17.14%

20.31%

21.03%

21.68%

1.24

1.38

1.53

1.29

0.89

25.88

22.32

18.07

9.62

4.09

112.30

110.30

92.57

86.18

91.63

Current Ratio

1.61

1.59

1.51

1.65

1.73

Quick Ratio

0.51

0.54

0.48

0.52

0.55

Asset turnover
(Total Income/total assets)

1.72

1.73

2.07

1.96

2.09

Growth in Total Income

31.23%

57.98%

55.83%

48.03%

64.98%

Growth in PBDIT

29.25%

55.86%

66.15%

49.66%

58.98%

Growth in PAT

30.27%

9.76%

62.30%

73.37%

94.94%

Growth in cash flow

34.23%

39.98%

57.93%

60.86%

81.61%

Basic Earnings(less extraordinary income)

4.81

5.02

6.45

10.53

18.89

Basic Cash Earnings(Rs.)

6.03

8.03

10.04

15.20

25.42

1.00

1.50

2.50

26.51

30.82

36.93

49.37

100.58

PBDIT/Interest(Debt-Service Ratio)

PROFITABILITY

BALANCE SHEET

Debt-equity ratio
Debtors turnover(days)
Inventory turnover(days)

GROWTH

PER SHARE DATA

Dividend(Rs.)
Book value(Rs.)

60

ROCE (%)

Basic Earnings per share (Rs.)

18.89 05

01
17.98

02
17.14

03

04

20.31

21.03

05
21.68
04
10.53

01
4.81

Growth in total income (%)

57.89
02

03
6.45

Inventory (Days)
64.98
05

03
55.83

02
5.02

01
112.30

110.30
02
03
92.57

04
48.03

86.18
04

05
91.63

01
31.23

PBDIT/total income (%)

PBDIT/interest (x)

8.57
03

3.72
05

8.66
04

05
8.35
01
8.15

02
8.04

2.37
01

04
02
2.04

03
2.13

2.36

61

5-YEAR FINANCIAL SUMMARY-BALANCE SHEET

(Rs. in crores)
BALANCE SHEET AS AT:

JUN-01

JUN-02

JUN-03

JUN-04

JUN-05

Equity Share capital

13.32

17.32

18.18

19.14

22.00

Reserves & surplus*

22.75

36.68

49.50

75.75

196.53

3.00

36.07

54.00

67.68

94.89

221.53

1.79

2.92

6.03

13.04

68.22

109.53

141.32

214.76

256.17

1.42

0.30

4.23

21.36

30.04

69.64

109.83

145.55

236.12

286.21

105.73

165.63

216.15

337.04

520.78

Gross block*

41.24

77.72

122.98

184.71

251.10

Depreciation

5.22

9.43

15.67

24.32

37.36

36.02

68.29

107.31

160.39

213.74

Capital WIP

7.86

6.28

3.32

14.44

15.79

NB + CWIP

43.88

74.57

110.63

174.83

229.53

Investment

5.07

5.07

5.26

5.26

31.92

Inventories

56.33

87.41

114.38

157.60

275.93

Debtors

12.98

17.69

22.32

17.58

12.31

2.38

4.03

8.07

13.85

21.50

11.10

23.33

21.43

40.95

93.68

0.46

82.79

132.46

166.20

229.98

403.87

Creditors

13.75

23.82

17.64

13.58

78.08

Other current liabilities

12.04

22.05

44.43

52.91

48.39

0.98

1.23

4.40

6.95

18.35

Total current liabilities

26.77

47.10

66.47

73.43

144.82

Net Current Assets

56.02

85.36

99.73

156.55

259.05

Misc. Expenditure

0.76

0.63

0.53

0.40

0.28

105.73

165.63

216.15

337.04

520.78

SOURCES OF FUNDS

Warrant Application Money

Shareholder's Fund
Deferred Tax Liability
Secured loans
Unsecured loans
Total loans
Total liabilities
APPLICATION OF FUNDS

Net block

Current Assets

Cash & bank balance

Loans & advances
Other current assets
Total current assets
Current Liabilities

Provisions

Total Assets

62

5-YEAR FINANCIAL SUMMARY-PROFIT & LOSS ACCOUNT

(Rs. in crores)
PROFIT & LOSS ACCOUNT

JUN-01

JUN-02

JUN-03

JUN-04

Domestic Sales & Operating Income

180.34

284.29

441.82

656.17

1,072.54

0.24

1.00

3.01

2.14

11.47

180.58

285.29

444.83

658.31

1,084.01

0.44

0.67

0.79

1.33

4.27

Total Income

181.02

285.96

445.62

659.64

1,088.28

Cost of goods cons. & sold

117.98

186.11

303.50

438.01

700.31

Contract work expenses

8.28

6.51

6.77

6.97

15.27

Packing materials

1.24

2.11

3.10

5.64

12.44

Power

2.02

5.34

7.94

12.08

21.95

Excise

0.43

4.58

3.40

3.36

0.28

Rent

6.18

10.03

15.71

27.59

47.97

Personnel Cost

6.81

13.59

19.13

27.53

50.65

Advertisement expenses

6.05

8.77

11.83

18.75

32.56

Transportation expenses

1.73

2.72

3.43

5.95

12.66

Sales Tax

3.55

5.26

7.75

14.91

32.44

12.00

17.96

24.87

41.71

70.91

166.27

262.98

407.43

602.50

997.44

14.75

22.98

38.19

57.14

90.84

Interest

6.22

11.24

17.67

23.94

24.39

PBDT

8.53

11.74

20.52

33.20

66.45

Depreciation

1.63

4.22

6.35

8.79

13.33

PBT

6.90

7.52

14.17

24.41

53.12

Extra-ordinary Items

0.04

0.01

0.78

0.07

0.03

Profit after EOI

6.86

7.51

13.39

24.34

53.09

0.24

0.45

0.39

0.85

1.45

7.28

0.10

1.13

3.11

7.01

6.41

7.02

11.41

19.78

38.55

Export Sales
Net Sales
Other Income

Misc. Expenditure
Other non cash Expenses
Total Cost
PBDIT

Fringe Benefit Tax

Current Tax
Deferred Tax
PAT

JUN-05

63