8102 (JK Lakshmi Cement)

2015
EQUITY AND LIABILITIES

SHAREHOLDERS FUNDS :
(a) Share Capital
(b) Reserves and Surplus
58.85
1,271.85
NON CURRENT LIABILITIES :

(a) Long Term Borrowings
(b) Deferred Tax Liabilities (Net)
(c) Other Long Term Liabilities
(d) Long Term Provisions
1,437.08
128.44
66.16
7.87
CURRENT LIABILITIES :
(a) Short Term Borrowings
(b) Trade Payables
(c) Other Current Liabilities
(d) Short Term Provisions
233.13
218.33
626.05
39.45
Total
ASSETS
NON CURRENT ASSETS :
(a) Fixed Assets
Tangible Assets
Intangible Assets
Capital Work-in-Progress
(b) Non Current Investments
2,580.92
1.58
361.46
(c) Long Term Loans and Advances

(d) Other Non Current Assets
168.81
203.62
-
CURRENT ASSETS :
(a) Current Investments
(b) Inventories
(c) Trade Receivables
(d) Cash and Bank Balances
(e) Short Term Loans and Advances
(f) Other Current Assets
253.99
223.47
70.49
15.29
135.37
72.21
Total
Statement of Profit and Loss for the year ended 31st March, 201
Gross Revenue from Sale of Products and Services

Less : Excise Duty
Revenue from Operations (Net)
Other Income
Total Revenue
Expenses :
Cost of Materials Consumed
Purchases of Stock-in-Trade
Changes in Inventories of Finished Goods, Work-in-Progress, Stockin-Trade and Manufactured Components
Employee Benefits Expense
Other Expenses
Total Expenses
PBIDT
Finance Costs
Depreciation and Amortisation Expense
Profit Before Exceptional Item and Tax
Less : Exceptional Items
Profit Before Tax
Less : Tax Expense
Current Tax
Less : MAT Credit Entitlement
Net Current Tax
Deferred Tax (Net)
Tax Adjustments for Earlier Years
Profit for the year

Earnings per equity share
(Face value Rs. 5/- per share) (Rupees)
Basic
Diluted
27.24
(27.24)
7.47
8.70
16.17
2015
Horizonal Analysis
Change
Change%
2014
Vertical Analysis
2015
1,303.22
27.48
27.48
0.00%
2.21%
2.11%
1.44%
31.12%
32.56%
1,532.56
75.04
5.85
24.29
1.81
106.99
5.51%
4.77%
58.01%
29.87%
6.98%
35.16%
3.14%
1.62%
0.19%
40.11%
1,116.96
730.68
190.95
88.90
102.37
4.06
386.28
452.70%
68.69%
19.55%
11.47%
52.87%
5.70%
5.34%
15.32%
0.97%
27.33%
4,087.21
3,566.46
520.75
14.60%
100.00%
58.85
1,244.37
1,330.70
1,362.04
122.59
41.87
6.06
1,639.55
42.18
129.43
523.68
35.39
1,569.58
1.96
908.36
1,011.34
(0.38)
(546.90)
64.43%
-19.39%
-60.21%
63.15%
0.04%
8.84%
108.81
266.85
1.21
2,856.77
60.00
(63.23)
(1.21)
459.62
55.14%
-23.69%
-100.00%
16.09%
4.13%
4.98%
0.00%
81.14%
770.82
709.69
(84.93)
121.04
14.97
(19.92)
25.87
4.10
61.13
-25.06%
118.17%
26.96%
-56.57%
23.63%
6.02%
8.61%
6.21%
5.47%
1.72%
0.37%
3.31%
1.77%
18.86%
4,087.21
3,566.46
14.60%
100.00%
3,316.39
338.92
102.43
55.52
35.21
109.50
68.11
520.75
year ended 31st March, 2015

Horizonal Analysis
Change%
2014 Change
Rupees crores
2015
2,568.49
261.43
2,307.06
28.20
2,335.26
2,293.59
236.99
2,056.60
44.27
2,100.87
398.69
228.87
361.64
186.86
(42.51)
146.11
1,226.44
1,957.60
2.69
122.95
1,080.50
1,754.64
377.66
90.74
111.90
346.23
77.19
135.17
175.02
63.25
111.77
133.87
18.50
115.37
24.18
(10.48)
13.70
9.21
(0.54)
22.37
95.60
93.00
274.9
24.44
250.46
(16.07)
234.39
37.05
42.01
(45.20)
23.16
145.94
202.96
31.43
13.55
(23.27)
41.15
44.75
(3.60)
3.06
(16.76)
(13.70)
(1.74)
9.24
(6.20)
2.60
Vertical Analysis
2015
0.119855772 1.099873
10.31%
11.19%
12.18%
98.79%
-36.30%
1.21%
11.16% 100.00%
10.24%
22.48%
17.07%
9.80%
-1680.30%
18.84%
13.51%
11.57%
-1.82%
6.26%
52.52%
83.83%
9.08%
17.55%
-17.22%
16.17%
3.89%
4.79%
30.74%
241.89%
-3.12%
7.49%
2.71%
4.79%
12.66%
159.92%
-100.00%
-18.89%
-1711.11%
-27.72%
1.17%
-1.17%
0.00%
0.32%
0.37%
0.69%
2.80%
4.09%
marks
Vertical Analysis
2014
1.65% No change
34.89% No significant change
1.17% Change not impactful
1.18% STB has increased manyfolds which means the company is now less liquid
3.63% Probably because company relaxed its terms of credit
14.68%
0.99% No significant Change
20.49%
100.00%
44.01% Investment for long term groth

0.05%
25.47% Most CWIP from last year is now ready, and part of FA
3.05%
7.48%
0.03%
80.10%
9.50% Company has sold abou 25% of its current Inv
2.87% Inventory has increased, leading o lesser turnover and quick ratio
1.56%
0.99%
3.07%
1.91%
19.90%
100.00%
Vertical Analysis
2014
1.091733
11.28%
97.89%
2.11%
100.00%
17.21%
8.89%
0.13%
5.85%
51.43%
83.52% Total Expenses have decreased slightly
16.48%
3.67%
6.43%
6.37% PBT has increased as a %age of total revenue
0.88%
5.49%
1.15%
-0.50%
0.65%
0.44%
-0.03%
1.06%
4.43%
s now less liquid

(a) Share Capital
(b) Trade Payables
Total
ASSETS
(a) Fixed Assets
Tangible Assets
Intangible Assets
CURRENT ASSETS :
(b) Inventories
Total
Statement of Profit and Loss for the year ended 31st March

Less : Excise Duty
Other Income
Total Revenue
Expenses :
Changes in Inventories of Finished Goods, Work-in-Progress, Stock-in-Trade and
Manufactured Components
Other Expenses
Total Expenses
PBIDT
Finance Costs
Profit Before Tax
Less : Tax Expense
Current Tax
Net Current Tax
Deferred Tax (Net)
Implied Tax rate
Profit for the year
Earnings per equity share
(Face value Rs. 5/- per share) (Rupees)
Basic
Diluted
Net Sales (NS)

COGS=(RM+P&F+EC+OME+Dep)
Gross Profit (GP) =( NS-COGS)
I. Liquidity Ratios
1. Current Ratio =CA/CL
2. Quick Ratio = (CA-Inventories)/CL
3. Cash Ratio =(Cash & BB + Current investments)/CL
Summary: All the liquidity ratios have declined in the past year, it is mainly because company has a lot
payables,which means the company has reduced its liquidity, probably to fund its growth plans
II. Leverage Ratios
1. Debt-Equity Ratio =Non-current liab/Shareholders' funds
2. Debt-Total assets ratio = Non-current liab/Total assets
3.Assets-Equity Ratio =Total Assets/Shareholders' funds
4.Interest Coverage Ratio = PBIT/Finance cost
Summary: All the leverage ratios have remained fairly similar over the past one year. Debt to Equity
meaning the company is now financing more of its asset with debt for long term growth. Also an incre
good sign as the company has leveraged its equity well
III. Turnover Ratios
1. Inventory Turnover Ratio = COGS/Inventory
2.Debtors' Turnover Ratio = Net Revenue from operations/Debtors
3. Average Collection Period =365/DTR
4. Fixed Assets Turnover Ratio =Ne Revenue from operations/Non-current assets
5. Total Assets Turnover Ratio=Net Revenue from operations/Total Assets
Summary: ITR has become half in the last year, it is not a good sign because it means the company i
its inventory. A decrease in DTR means that debtors are now taking more time to pay, probably becaus
credit terms
COGS=(RM+P&F+Ch. Inv+0.5*EC+0.5*OME)
IV. Profitability Ratios
1. Gross Profit Margin = Gross profit/Net revenue from operations
2.Operating Profit Margin =operating profit/Net revenue from operations
3. Net Profit Margin =Net Profit available for shareholders/Net rev from operations
4. Earning Power = PBIT/Total Assets =(PBT+Finance cost)/TA
Tax
5. Retrun on Capital Employed =PBIT(1-T)/Total Assets
6. Return on Equity = Net profit available to shareholers/Shareholders' funds
Summary: Even though GPM has slightly increased, meaning better process efficiency, but still OPM
that the company is now spending more on secondary expenditures like marketing. Such expend
considering the investments the company is making towards growth
ROE Analysis
1.PBIT/Net Rev from Ope (impact of profitable operations)

2.PBT/PBIT (Impact of finance cost)
3. Net profit available to shareholders/PBT (Impact of tax)
4.TATR (Impact of efficiency in using assets)
5.TA/SF (Impact of borrowing)
Return of Equity = Product of the above ratios
Summary: The DuPont's Analysis shows that ROE is 7.18%. It is below industry average, means that
profits to reach shareholder's expectations
V. Valuation Ratios
1. Total Return = Capital gain + Dividend Yield
Price at the beginning of Financial Year
Price at the end of Financial year
Capital gain =(Price at the end of FY-Price at the beginning of FY)/Price at the beg
Dividend per share
Dividend yield =Dividend per share during FY/Price at the beginning of FY
Total return
2. Price-Earnings Ratio = Market price per share (end) /Diluted Earnings per share
3. Price-Book Value Ratio = Market price per share (end)/Book value per share
Book value per share
Summary: In last year share price has increased more than 200%. It means that the market is expec
good in the future. The share prices were also affected by the Modi effect and the expected infrastru
VI. Aaltman's Z-Score = 1.2(NWC/TA)+1.4 (RE/TA)+3.3 (EBIT/TA)+0.6(MVE/BVD)+1.0(NS/TA)
Z> 2.675 Healthy ; Z= 1.81 to 2.675 Grey Area (under scan); Z<2.675 On the way to bankruptcy
NWC/TA = (Current Assets-Current Liab)/TA
Retained Earnings /TA =(Net profit available to shareholders-equity dividend)/TA
PBIT/TA
MVE/BVD =Market value of equity/Book value of total debt
NS/TA =Net revenue from operations/TA
Z Score
Summary: Here the Z-score is coming out as 2.17, which means that the com
Grey area, this is because the company has recently invested a lot in growth
led to distortment of certain ratios
2015
2014
58.85
1,271.85
11.77
27.48
58.85
1,244.37
1,330.70
1,437.08
128.44
66.16
7.87
1,303.22
1,362.04
122.59
41.87
6.06
1,639.55
233.13
218.33
626.05
39.45
1,532.56
42.18
129.43
523.68
35.39
1,116.96
730.68
4,087.21
3,566.46
2,580.92
1.58
361.46
1,569.58
1.96
908.36
168.81
203.62
-
108.81
266.85
1.21
3,316.39
253.99
223.47
70.49
15.29
135.37
72.21
2,856.77
338.92
102.43
55.52
35.21
109.50
68.11
770.82
709.69
4,087.21
3,566.46
23.54
for the year ended 31st March, 2015

Rupees crores
2015
2014
2,568.49
261.43
2,307.06
28.20
2,335.26
2,293.59
236.99
2,056.60
44.27
2,100.87
398.69
228.87
361.64
186.86
(42.51)
146.11
1,226.44
1,957.60
2.69
122.95
1,080.50
1,754.64
377.66
90.74
111.90
346.23
77.19
135.17
175.02
63.25
111.77
133.87
18.50
115.37
27.24
(27.24)
7.47
8.70
16.17
24.18
(10.48)
13.70
9.21
(0.54)
22.37
0.14
0.19
95.60
93.00
No. of equity shares

18.27
21.75
8.12
7.90
Mar-15
2,307.06
1,271.33
1,035.74
0.69
0.49
0.24
Mar 14
2,056.60
1,152.92
903.69
0.97
0.83
0.51
ainly because company has a lot of short term debt and trade
y to fund its growth plans
1.23
0.40
3.07
2.93
1.18
0.43
2.74
2.73
he past one year. Debt to Equity ratio has increased slightly,

r long term growth. Also an increase in asset to equiy ratio is a
leveraged its equity well
5.69
32.73
11.15
11.26
37.04
9.85
0.70
0.72
0.56
0.58
because it means the company is now taking more time to sell

ore time to pay, probably because he company has loosened its
ms
1,271.33
1,152.92
44.89%
8.78%
43.94%
9.36%
4.14%
0.05
4.52%
0.05
4.24%
4.35%
7.18%
7.14%
process efficiency, but still OPM has decreased, this indicates

res like marketing. Such expenditures might be necessary
pany is making towards growth
0.09
0.55
0.86
0.56
3.07
7.18%
0.09
0.60
0.81
0.58
2.74
7.14%
ow industry average, means that company needs to have more

der's expectations
115.9
358.8
209.58%
2
1.73%
102.2
111.45
9.05%
2
1.96%
44.19
3.1727676923
113.087384518
14.11
1.0063019947
110.7520412201
t means that the market is expecting the company to perform

effect and the expected infrastructure boom it accompanied.
VE/BVD)+1.0(NS/TA)
n the way to bankruptcy
-0.0897923033
0.0067234128
0.0495472462
2.5750980257
0.56
2.17
hich means that the company is in

invested a lot in growth which has
ain ratios
MARKS
14
No. of equity shares
117,670,066
Balance Sheet As on 31st March 2015

2015
(a) Share Capital
58.85
1,271.85

1,437.08
128.44
66.16
7.87
(b) Trade Payables
233.13
218.33
626.05
39.45
Total
ASSETS
(a) Fixed Assets
Tangible Assets
Intangible Assets
2,580.92
1.58
361.46

168.81
203.62
-
CURRENT ASSETS :
(b) Inventories
253.99
223.47
70.49
15.29
135.37
72.21
Total
Statement of Profit and Loss for the year ended 31st March

Less : Excise Duty
Other Income
Total Revenue
Expenses :
Changes in Inventories of Finished Goods, Work-in-Progress,
Stock-in-Trade and Manufactured Components
Other Expenses
Total Expenses
PBIDT
Finance Costs
Profit Before Tax
Less : Tax Expense
Current Tax
Net Current Tax
Deferred Tax (Net)
27.24
(27.24)
7.47
8.70
16.17
Profit for the year

Dividend Paid
Funds Flow Statement: Total Funds Basis

Sources
Inc in share capital
Inc in Res & Surplus
Inc in LTB
Inc in Deff tax liab
Inc in other LT liabilities
Inc in LT provisions
Inc in trade Payables
Inc in ST borrowings
Inc in ST Provisions
Inc in other current liab
Dec in intangible assets
Dec in CWIP
Dec in LT L&A
Dec in other non-CA
Dec in current investments
Dec in cash & BB
Total
FFS: WC Basis
Sources of WC
Inc in share cap
Inc in R&S
Inc in LT borrowings
Dec in LT loans & advances
Dec in other non-CA
Dec in Current investments
Dec in CWIP
Total Sources of WC
Change in NWC
Changes in WC components
Change in inventory
Change in debtors
27.48
75.04
5.85
24.29
1.81
88.90
190.95
4.06
102.37
0.38
546.90
63.23
1.21
84.93
19.92
1,237.32
27.48
75.04
5.85
24.29
1.81
190.95
0.38
63.23
1.21
84.93
546.90
1,022.07
(49.27)
121.04
14.97
Change in C&BB
Change in loans & Adv
Change in other current assets
Change in CA
Change in NWC
FFS: Cash Basis
Sources
Inc in Res & Surplus
Inc in LTB
Inc in trade Payables
Inc in ST Provisions
Inc in other current liab
Dec in CWIP
Dec in LT L&A
Dec in other non-CA
Dec in current investments
(19.92)
25.87
4.10
146.06
(49.27)
Total
Change in Cash &BB
Classified Cashflow Statements
CFS: Operatons
RNP - other income
Add: Interest
Add: Dep
OCFs before changes in WC components
Less: Inc in inventory
Less: Inc in debtors
Less:Inc in Loans& Adv
Less: Inc in other CA
Add: Inc in other CL
Add: Inc in trade payables
Add: Inc in ST provisions
OCF
CFS: Financing
Inc in LT Borrowings
Inc in def tax liab
1217.4
(19.92)
0
27.48
75.04
5.85
24.29
1.81
88.9
190.95
4.06
102.37
0.38
546.9
63.23
1.21
84.93
67.40
90.74
111.90
270.04
121.04
14.97
25.87
4.10
102.37
88.90
4.06
299.39
75.04
190.95
5.85
Dividends
Interest
Inc in other liab
Total
Other income
Change in C&BB
(27.36)
(90.74)
24.29
1.81
179.84
28.20
20.84
Reasons for mis-match

RNP-Div
Diff im Actual RE & Exp RE
Adj Change in C&BB
68.24
-40.76
-19.92
2015
2014
Change
58.85
1,244.37
1,330.70
1,303.22
1,362.04
122.59
41.87
6.06
F/I/O
- F
27.48 O+
27.48
F+
F+
F+
F+
1,532.56
75.04
5.85
24.29
1.81
106.99
F+
O+
O+
O+
1,116.96
730.68
190.95
88.90
102.37
4.06
386.28
4,087.21
3,566.46
520.75
1,639.55
42.18
129.43
523.68
35.39
1,569.58
1.96
908.36
1,011.34 I(0.38) I+
(546.90) I+
108.81
266.85
1.21
2,856.77
60.00 I(63.23) I+
(1.21) I+
459.62
709.69
(84.93) I+
121.04 O14.97 O(19.92)
25.87 O4.10 O61.13
3,316.39
338.92
102.43
55.52
35.21
109.50
68.11
770.82
4,087.21
3,566.46
520.75
ss for the year ended 31st March, 2015

Rupees crores
2014 Change
2015
2,568.49
261.43
2,307.06
28.20
2,335.26
2,293.59
236.99
2,056.60
44.27
2,100.87
398.69
228.87
361.64
186.86
(42.51)
146.11
1,226.44
1,957.60
2.69
122.95
1,080.50
1,754.64
377.66
90.74
111.90
346.23
77.19
135.17
175.02
63.25
111.77
133.87
18.50
115.37
24.18
(10.48)
13.70
9.21
(0.54)
22.37
274.90
24.44
250.46
(16.07)
234.39
37.05
42.01
(45.20)
23.16
145.94
202.96
31.43
13.55
(23.27)
41.15
44.75
(3.60)
3.06
(16.76)
(13.70)
(1.74)
9.24
(6.20)
-
95.60
93.00
27.36
Uses
Inc in
Inc in
Inc in
Inc in
Inc in
Inc in
ST L&A
tangible asset
non-current inv
Inventory
trade receivables
other current assets
Total
Uses of WC
Inc in non-current inv
Inc in tangible asset
Total uses of
Change in trade payables

Change in ST provisions
Change in other CL
25.87
1,011.34
60.00
121.04
14.97
4.1
1237.32
MARKS
60.00
1,011.34
1,071.34
88.90
4.06
102.37
2.60
Total Change in CL
Uses
Inc in
Inc in
Inc in
Inc in
Inc in
Inc in
ST L&A
tangible asset
non-current inv
Inventory
trade receivables
other current assets
Total
CFS: Investing
Inc in GB
Dec in CWIP
Inc in NC investments
Dec in other non-CA
Dec LT loans and advances
Dec in Current Inv
Total
195.33
MARKS
25.87
1011.34
60
121.04
14.97
4.1
1237.32
MARKS
(1,122.86)
546.90
(60.00)
1.21
63.23
84.93
(486.59)
MARKS
TOTAL
Exp RE
Over statement of OCF
7
19
Source/Use
S
S
S
S
S
S
S
S
U
S
S
U
S
S
S
U
U
S
U
U
MARKS
2015
(a) Share Capital
58.85
1,271.85

1,437.08
128.44
66.16
7.87
(b) Trade Payables
233.13
218.33
626.05
39.45
Total
ASSETS
(a) Fixed Assets
Tangible Assets
Intangible Assets
2,580.92
1.58
361.46

168.81
203.62
-
CURRENT ASSETS :
(b) Inventories
253.99
223.47
70.49
15.29
135.37
72.21
Total
Excess Funds
189.915553
Statement of Profit and Loss for the year ended 31st March, 2015

Less : Excise Duty
Other Income
Total Revenue
Expenses :
Changes in Inventories of Finished Goods, Work-in-Progress, Stock-inTrade and Manufactured Components
Other Expenses
Total Expenses
PBIDT
Finance Costs
Profit Before Tax
Less : Tax Expense
Current Tax
Net Current Tax
Deferred Tax (Net)
Net Tax
Profit for the year
27.24
(27.24)
7.47
8.70
16.17
Dividend Paid
Dividend Payout Ratio
Retained Earnings
% of Net Ope Revenue

2015
2015
2014
2.55%
55.13%
2.86%
60.51%
2.71%
57.82%
62.29%
5.57%
2.87%
0.34%
66.23%
5.96%
2.04%
0.29%
64.26%
5.76%
2.45%
0.32%
10.11%
9.46%
27.14%
1.71%
2.05%
6.29%
25.46%
1.72%
6.08%
7.88%
26.30%
1.72%
1,569.58
1.96
908.36
111.87%
0.07%
15.67%
76.32%
0.10%
44.17%
94.09%
0.08%
29.92%
108.81
266.85
1.21
7.32%
8.83%
0.00%
5.29%
12.98%
0.06%
6.30%
10.90%
0.03%
11.01%
9.69%
3.06%
0.66%
5.87%
3.13%
16.48%
4.98%
2.70%
1.71%
5.32%
3.31%
13.74%
7.33%
2.88%
1.19%
5.60%
3.22%
58.85
1,244.37
1,330.70
1,303.22
1,362.04
122.59
41.87
6.06
1,639.55
1,532.56
42.18
129.43
523.68
35.39
1,116.96
730.68
4,087.21
3,566.46
3,316.39
2,856.77
338.92
102.43
55.52
35.21
109.50
68.11
770.82
2014 Avg
709.69
4,087.21
3,566.46
nded 31st March, 2015

Rupees crores
2015
2014
% of Net Ope Revenue
2015
2014 Avg
2,568.49
261.43
2,307.06
28.20
2,335.26
2,293.59
236.99
2,056.60
44.27
2,100.87
100.00%
1.22%
101.22%
100.00%
2.15%
102.15%
100.00%
1.69%
101.69%
398.69
228.87
361.64
186.86
17.28%
9.92%
17.58%
9.09%
17.43%
9.50%
(42.51)
146.11
1,226.44
1,957.60
2.69
122.95
1,080.50
1,754.64
-1.84%
6.33%
53.16%
84.85%
0.13%
5.98%
52.54%
85.32%
-0.86%
6.16%
52.85%
85.09%
377.66
90.74
111.90
346.23
77.19
135.17
16.37%
3.93%
4.85%
16.84%
3.75%
6.57%
16.60%
3.84%
5.71%
175.02
63.25
111.77
133.87
18.50
115.37
7.59%
2.74%
4.84%
6.51%
0.90%
5.61%
7.05%
1.82%
5.23%
1.18%
-1.18%
0.00%
0.32%
0.38%
14.47%
1.18%
-0.51%
0.67%
0.45%
-0.03%
19.39%
1.18%
-0.85%
0.33%
0.39%
0.18%
16.93%
4.14%
4.52%
24.18
(10.48)
13.70
9.21
(0.54)
22.37
95.60
93.00
27.36
34.00
0.29
0.37
27.48
0.3259
Assumpn
No Change
Taken from P&L
2016
Change
58.85
1,316.18
1375.03
No Change
No change
No Change
No Change
No Change
1437.08
146.28
62.22
7.87
1,653.45
233.13
199.94
667.43
43.53
1,144.03
- 4172.50691204
2,387.91
2.08
759.24
168.81
276.63
0.75
3,595.42
253.99
186.11
73.02
30.13
142.01
81.74
767.00
3.49%
3.33%
0.00%
13.89%
-5.95%
0.00%
0.85%
0.00%
-8.42%
6.61%
10.35%
2.42%
2.09%
-7.48%
31.54%
110.05%
0.00%
35.86%
8.41%
0.00%
-16.72%
3.60%
97.08%
4.91%
13.19%
-0.49%
4362.42246518
Assumpn
Growth rate of 10%

as per trends
No change
Assume zero
Avg Implied Tax
2016 Change
2,537.77
42.82
2,580.59
442.40
241.17
10.00%
51.86%
10.51%
10.96%
5.37%
-21.72
-48.90%
156.22
6.92%
1,341.19
9.36%
2,159.26
10.30%
421.33
11.56%
90.74
0.00%
144.94
29.53%
185.65
6.07%
-100.00%
185.65
66.10%
-
31.43
154.22
61.32%
6.73%
Avg Div Payout r
50.26
32.59%
44.33
Actual retain earnings

as a portion of PAT
MARKS
3.5

(a) Share Capital
(b) Trade Payables
Total
ASSETS
(a) Fixed Assets
Tangible Assets
Intangible Assets
CURRENT ASSETS :
(b) Inventories
Total
Statement of Profit and Loss for the year ended 31st M

Less : Excise Duty
Other Income
Total Revenue
Expenses :
Changes in Inventories of Finished Goods, Work-in-Progress, Stock-in-Trade and
Manufactured Components
Other Expenses
Total Expenses
PBIDT
Finance Costs
Profit Before Tax
Less : Tax Expense
Current Tax
Net Current Tax
Deferred Tax (Net)
Implied Tax rate
Profit for the year
Dividend Paid
COGS
Working Capital Policy
a) Level of Current Assets

TCA/NS
NCA/NS
TCA/TA
NCA/TA
b) Current Asset Financing
STB/TCA
STB/NCA
Cash Conversion Cycle (CCC)
Inventory Turnover Ratio(ITR) =COGS/Inventory
Days Inventory Outstanding (DIO)=365/ITR
Debtors' Turnover Ratio(DTR) =NS/Debtors
Days Sales Outstanding (DSO) = Debtors/NS per day = 365/DTR
Payables'' turnover ratio (PTR) =COGS/Payables
Days Payable Outstanding (DPO) =365/PTR
CCC=DIO+DSO-DPO
Cash NWC
Current assets
Inventories
Sundry Debtors
Cash and Bank
Loans and Advances
Other CAs
TCA
TCL
NWC=TCA-TCL
CNWC=NWC-Dep-Debtors*NPM
Differenc =NWC-CNWC
Diff is accounted for
Dep
NP on Debtors
2015
2014
58.85
1,271.85
58.85
1,244.37
1,330.70
1,437.08
128.44
66.16
7.87
1,303.22
1,362.04
122.59
41.87
6.06
1,639.55
233.13
218.33
626.05
39.45
1,532.56
42.18
129.43
523.68
35.39
1,116.96
730.68
4,087.21
3,566.46
2,580.92
1.58
361.46
1,569.58
1.96
908.36
168.81
203.62
-
108.81
266.85
1.21
3,316.39
253.99
223.47
70.49
15.29
135.37
72.21
2,856.77
338.92
102.43
55.52
35.21
109.50
68.11
770.82
709.69
4,087.21
3,566.46
oss for the year ended 31st March, 2015

Rupees crores
2015
2014
2,568.49
261.43
2,307.06
28.20
2,335.26
2,293.59
236.99
2,056.60
44.27
2,100.87
398.69
228.87
361.64
186.86
(42.51)
146.11
1,226.44
1,957.60
2.69
122.95
1,080.50
1,754.64
377.66
90.74
111.90
346.23
77.19
135.17
175.02
63.25
111.77
133.87
18.50
115.37
27.24
(27.24)
7.47
8.70
16.17
24.18
(10.48)
13.70
9.21
(0.54)
22.37
0.14
0.19
95.60
93.00
27.36
1,271.33
2015
1,152.92
2014
0.22
-0.16
0.13
-0.09
0.18
-0.15
0.10
-0.09
0.45
-0.64
0.11
-0.13
5.69
64.16
32.73
11.15
5.82
62.68
137.99
11.26
32.43
37.04
9.85
8.91
40.98
83.26
223.47
70.49
15.29
135.37
72.21
102.43
55.52
35.21
109.50
68.11
516.83
370.77
883.83
-379.91
-494.73
114.82
688.50
-327.54
-465.22
137.68
111.90
2.89
135.17
2.46
Adjustments
2015
223.47
57.58
15.29
135.37
72.21
503.92
(379.91)
cnwc
MARKS
justments
2014
102.43
45.71
35.21
109.50
68.11
360.96
GPM
Sales & Ad
0.45
0.27
0.44
0.26

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2015

EQUITY AND LIABILITIES

NON CURRENT LIABILITIES :

(c) Long Term Loans and Advances

Gross Revenue from Sale of Products and Services

Profit for the year

year ended 31st March, 2015

44.01% Investment for long term groth

s now less liquid

EQUITY AND LIABILITIES

Gross Revenue from Sale of Products and Services

Net Sales (NS)

1.PBIT/Net Rev from Ope (impact of profitable operations)

for the year ended 31st March, 2015

No. of equity shares

he past one year. Debt to Equity ratio has increased slightly,

because it means the company is now taking more time to sell

process efficiency, but still OPM has decreased, this indicates

ow industry average, means that company needs to have more

t means that the market is expecting the company to perform

hich means that the company is in

No. of equity shares

Balance Sheet As on 31st March 2015

NON CURRENT LIABILITIES :

(c) Long Term Loans and Advances

Gross Revenue from Sale of Products and Services

Profit for the year

Funds Flow Statement: Total Funds Basis

Reasons for mis-match

ss for the year ended 31st March, 2015

Change in trade payables

NON CURRENT LIABILITIES :

(c) Long Term Loans and Advances

Gross Revenue from Sale of Products and Services

% of Net Ope Revenue

nded 31st March, 2015

% of Net Ope Revenue

Growth rate of 10%

Avg Implied Tax

Avg Div Payout r

Actual retain earnings

EQUITY AND LIABILITIES

Statement of Profit and Loss for the year ended 31st M

Gross Revenue from Sale of Products and Services

Working Capital Policy

a) Level of Current Assets

oss for the year ended 31st March, 2015

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