Overview Performance Financials & Key Ratios

Financials Export Ascending

2007-03 2008-03 2009-03 2010-03 2011-03 2012-03 2013-03 2014-03 2015-03 2016-03 TTM

RevenueINR Mil 3,272 3,484 3,637 4,533 5,351 5,876 7,530 8,001 7,101 7,101

Gross Margin % 32.6 27.0 24.1 22.2 24.1 25.5 26.7 25.1 25.3 25.3

Operating IncomeINR Mil 73 143 230 270 354 330 529 538 405 405

Operating Margin % 2.2 4.1 6.3 6.0 6.6 5.6 7.0 6.7 5.7 5.7

Net IncomeINR Mil 42 86 149 179 244 223 371 357 279 279

Earnings Per ShareINR 4.79 8.97 14.47 16.23 22.12 20.24 33.63 32.37 25.32 25.32

DividendsINR 1.50 1.50

Payout Ratio % * 5.9

SharesMil 9 10 10 11 11 11 11 11 11 11

Book Value Per Share *INR 194.09 222.97 248.25

Operating Cash FlowINR Mil 327 227 157 255 246 235 380 585 585

Cap SpendingINR Mil -153 -243 -240 -296 -303 -179 -537 -403 -403

Free Cash FlowINR Mil 174 -16 -83 -41 -58 56 -157 182 182

Free Cash Flow Per Share *INR 5.06 -14.27

Working CapitalINR Mil 915 1,009 1,230 380 390 677 608 773
* Indicates calendar year-end data information

Key Ratios

Profitability Growth Cash Flow Financial Health Efficiency Ratios

Balance Sheet Items (in %) 2007-03 2008-03 2009-03 2010-03 2011-03 2012-03 2013-03 2014-03 2015-03 2016-03 Latest Qtr

Cash & Short-Term Investments 4.99 5.49 5.70 5.50 4.57 4.75 5.25 5.08

Accounts Receivable 21.04 20.40 24.83 19.76 20.50

Inventory 26.38 28.01 29.27 31.93 32.50 31.80 33.14 32.28

Other Current Assets 27.89 27.00 27.37 4.12 5.49 6.15 6.01 3.43

Total Current Assets 59.26 60.50 62.34 62.59 62.95 67.53 64.16 61.29

Net PP&E 39.36 38.04 35.84 34.83 34.57 28.94 31.89 34.25

Intangibles 1.00 0.95 0.93

Other Long-Term Assets 1.38 1.46 1.83 2.58 2.48 2.53 2.99 3.53

Total Assets 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

Accounts Payable 20.91 21.47 20.81 16.56 16.71

Short-Term Debt 0.55 0.72 0.18 18.20 21.96 22.94 23.37 23.72

Taxes Payable

Accrued Liabilities

Other Short-Term Liabilities 25.55 28.51 29.33 14.73 11.73 12.23 14.70 9.26

Total Current Liabilities 26.10 29.23 29.51 53.84 55.16 55.98 54.63 49.70

Long-Term Debt 32.34 30.50 31.58 7.29 7.55 6.30 5.50 7.78

Other Long-Term Liabilities 3.47 3.04 2.72 2.39 1.65 1.22 1.33 1.47

Total Liabilities 61.91 62.78 63.81 63.51 64.36 63.49 61.46 58.94

Total Stockholders' Equity 38.09 37.22 36.19 36.49 35.64 36.51 38.54 41.06

Total Liabilities & Equity 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

Liquidity/Financial Health 2007-03 2008-03 2009-03 2010-03 2011-03 2012-03 2013-03 2014-03 2015-03 2016-03 Latest Qtr

Current Ratio 2.27 2.07 2.11 1.16 1.14 1.21 1.17 1.23

Quick Ratio 1.20 1.02 1.03 0.53 0.51 0.58 0.51 0.56

Financial Leverage 2.63 2.69 2.76 2.74 2.81 2.74 2.59 2.44

Debt/Equity 0.84 0.82 0.87