Income

Mar-17 Mar 16

12 months 12 mths

INCOME

Revenue From Operations [Net] 9,523.90 13,248.18

Other Operating Revenues 244.73 109.48

Total Operating Revenues 10,234.07 13,357.66

Other Income 465.44 454.40
Total Revenue 10,234 13,812.06
EXPENSES
Cost Of Materials Consumed 1461.35 2,564.52
Cost of Power Purchased 840.02
Operating And Direct Expenses 3048.67 3,040.68
Changes In Inventories Of FG,WIP -6.86 -32.81
Employee Benefit Expenses 544.28 664.8
Other Expenses 1500.61 2,035.81
EBDIT 3,686.02 5,084.66
Finance Costs 2128.52 4,057.69
Depreciation And Amortisation E 1059.61 2,266.16

Profit/Loss Before Exceptional, E 496.9 -1,624.94

Exceptional Items -454.1 -149.79
Profit/Loss Before Tax 42.87 -1,774.73

Current Tax 389.9 285.45

Less: MAT Credit Entitlement -100.12 10.93
Deferred Tax 450.49 -45.31
Tax For Earlier Years -3.24 -6.35
Total Tax Expenses 407.17 222.86
Profit/Loss For The Period -364.3 -1,998.94
Asset Turnover Ratio

Capital Intensity

WIP turn Over Ratio

Average cash expense

Days cash cycle

Inventory turn over

debtor turn over ratio

creditors turn over ratio

Inventory turn overdays

Debtor turn over ratio days

Creditors turn over ratio days

 Income Statement

Mar-15 Mar-14 Mar-13

12 mths 12 mths 12 mths

10,935.25 10,566.97 9,871.87

152.43 86.25 102.99

11,087.68 10,653.22 9,974.86

327.46 315.87 277.19
11,415.14 10,969.09 10,252.05

2,137.87 1,815.12 1,233.75

1,044.18 1,045.06 1,230.80
2,630.37 2,652.74 2,632.63
-20 -14.42 20.7
619.65 574.22 611.93
2,120.97 2,015.09 1,767.88
3,598.82 3,610.47 3,707.97
3,571.86 2,971.88 2,099.00
1,812.53 1,454.99 1,039.78

-2,502.29 -1,545.59 -384.42

-304.12 1,820.25 777.27
-2,806.41 274.66 392.85

125.53 168.9 174.08

4.8 37.67 21.81
32.96 32.09 95.49
-1.53 -1.99 -5.82
152.16 161.33 241.94
-2,959.22 108.41 174.52
 Mar-12

12 mths

8,320.11
152.92

8,473.03
243.42
8,716.45

1,745.48
1,327.99
1,553.61
-27.97
687.83
1,526.57
2,987.51
1,653.13
935.81

-686
-162.12
-848.12

159.45
4.09
55.06
0.3
210.72
 -1,058.84

Mar-17 Mar-16
Operatiing Ratio
Asset Turnover Ratio 0.1688300933 0.2778052535
Capital Intensity 0.27 0.56
WIP turn Over Ratio -0.99 -1.79
Average cash expense
Days cash cycle 70.7 58.9
Inventory turn over 7.0031614603 5.2086394335
debtor turn over ratio 4.146168244 8.2237928423
creditors turn over ratio 5.2567866737 6.5637026554
Inventory turn overdays 52.1193181207 70.0758815541
Debtor turn over ratio days 88.0330894747 44.3834137117
Creditors turn over ratio days 69.4340521415 55.6088566411
 Mar-17 Mar-16
Profitiblity Ratio So
Operating Margin 36% 38% Interest coverage Rat
PAT Margin -0.0356 -0.14965 Financial Leverage Ra
RoE -0.07344 -0.33203 Debt to equity ratio
RoA -0.00601 -0.03298
Roce -0.0086 -0.04471
 Ba

EQUITIES AND LIABILITIES Mar-17

SHAREHOLDER'S FUNDS
Equity Share Capital 603.59
Preference Share Capital 0

Total Share Capital 603.59

Reserves and Surplus 4,356.74
Total Reserves and Surplus 4,356.74
Money Received Against Share Warrant 0
Total Shareholders Funds 4,960.33
Preference Shares Issued By Subsidia 984.25
Equity Share Application Money 0
Minority Interest 1,644.03
NON-CURRENT LIABILITIES
Long Term Borrowings 37,413.35
Deferred Tax Liabilities [Net] 81
Other Long Term Liabilities 2,186.57
Long Term Provisions 133.14
Total Non-Current Liabilities 39,814.06
CURRENT LIABILITIES

Short Term Borrowings 1,741.10

Trade Payables 1,946.83
Other Current Liabilities 15,785.80
Short Term Provisions 295.39
Total Current Liabilities 19,769.12
Total Capital And Liabilities 67,171.79
ASSETS
NON-CURRENT ASSETS
Tangible Assets 37,685.64
Intangible Assets 9,543.38
Capital Work-In-Progress 4,053.46
Intangible Assets Under Development 526.69
Fixed Assets 51,809.17
Non-Current Investments 132.94
Deferred Tax Assets [Net] 70.93
Long Term Loans And Advances 2,349.91
Other Non-Current Assets 3,347.99
Total Non-Current Assets 57,710.94
CURRENT ASSETS
Current Investments 1,841.13
Inventories 469.3
Trade Receivables 2,468.32
Cash And Cash Equivalents 3,121.32
Short Term Loans And Advances 787.83
OtherCurrentAssets 772.95
Total Current Assets 9,460.85
Total Assets 67,171.79

Total Operating Asset 60,617.57

Working Capital -10,308.27

Solvency Ratio
0.1052877177 -7.963429956
12.2204712186 7.9867548569
7.9833236902 6.7694823531
 Balance Sheet

Mar-16 Mar-15 Mar-14 Mar-13

436.13 389.24 389.24 389.24

1,136.67 1,136.67 0 0

1,572.80 1,525.91 389.24 389.24

4,305.77 6,095.18 6,888.94 7,148.54
4,305.77 6,095.18 6,888.94 7,148.54
141.75 0 0 0
6,020.32 7,621.09 7,278.18 7,537.78
984.25 1,155.60 1,971.10 1,980.13
889.66 0 0 0
1,765.50 2,008.64 1,720.00 1,791.72

38,690.38 33,599.28 31,633.16 25,366.70

73.36 73.27 55.39 37.66
2,064.07 2,398.71 2,858.23 2,526.52
80.42 99.42 217.41 160.75
40,908.23 36,170.68 34,764.19 28,091.63

3,511.18 5,588.17 4,856.62 7,315.57

2,035.08 1,759.31 1,481.59 1,236.71
10,357.52 10,547.84 11,492.21 8,092.44
271.2 290.52 253.1 182.22
16,174.98 18,185.84 18,083.52 16,826.94
66,742.94 65,141.85 63,816.99 56,228.20

23,760.52 24,338.61 18,066.51 16,089.78

10,422.23 9,300.65 9,268.71 7,237.87
16,838.99 14,908.85 17,785.28 15,535.90
 408.45 824.99 1,393.04 3,160.12
51,430.19 49,373.10 46,513.54 42,023.67
210.86 104.22 104.16 149.36
19.04 44.57 58.11 135.89
2,481.91 2,612.84 3,651.23 3,338.11
3,900.83 3,802.93 3,845.81 1,581.63
58,042.83 55,937.66 54,172.85 47,228.66

1,201.82 775.35 178.63 572.24

304.85 358.92 270.43 259.45
1,624.27 1,600.14 1,695.63 1,703.70
3,904.04 3,321.19 5,134.84 4,256.14
587.19 493.15 879.79 987.68
1,077.94 2,655.44 1,484.82 1,220.33
8,700.11 9,204.19 9,644.14 8,999.54
66,742.94 65,141.85 63,816.99 56,228.20

48,082.82 48,528.44 44,355.88 36,810.58

-7,474.87 -8,981.65 -8,439.38 -7,827.40

Valuation Ratio
EPS
MPS
Dividend Payout
 ASSET TURNOVER RATIO

2017 2016
GMR 0.168830093 0.277805254
GVK 0.9 0.76
L&T 0.76 0.67
DLF 0.341942734 0.356351856

1
0.9
0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0
GMR G
 Chart Title
1
0.9
0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0
GMR GVK L&T DLF
2017 2016
EQUITIES AND LIABILITIES Mar-17
SHAREHOLDER'S FUNDS
Equity Share Capital 603.59
Preference Share Capital 0
Total Share Capital 603.59
Reserves and Surplus 4,356.74
Total Reserves and Surplus 4,356.74
Money Received Against Share Warrants 0
Total Shareholders Funds 4,960.33
Preference Shares Issued By Subsidiary Companies 984.25
Equity Share Application Money 0
Minority Interest 1,644.03
NON-CURRENT LIABILITIES
Long Term Borrowings 37,413.35
Deferred Tax Liabilities [Net] 81
Other Long Term Liabilities 2,186.57
Long Term Provisions 133.14
Total Non-Current Liabilities 39,814.06
CURRENT LIABILITIES
Short Term Borrowings 1,741.10
Trade Payables 1,946.83
Other Current Liabilities 15,785.80
Short Term Provisions 295.39
Total Current Liabilities 19,769.12
Total Capital And Liabilities 67,171.79
ASSETS
NON-CURRENT ASSETS
Tangible Assets 37,685.64
Intangible Assets 9,543.38
Capital Work-In-Progress 4,053.46
Intangible Assets Under Development 526.69
Fixed Assets 51,809.17
Non-Current Investments 132.94
Deferred Tax Assets [Net] 70.93
Long Term Loans And Advances 2,349.91
Other Non-Current Assets 3,347.99
Total Non-Current Assets 57,710.94
CURRENT ASSETS
Current Investments 1,841.13
Inventories 469.3
Trade Receivables 2,468.32
Cash And Cash Equivalents 3,121.32
Short Term Loans And Advances 787.83
OtherCurrentAssets 772.95
Total Current Assets 9,460.85
Total Assets 67,171.79
 Mar-16 Mar-15 Mar-14 Mar-13

436.13 389.24 389.24 389.24

1,136.67 1,136.67 0 0
1,572.80 1,525.91 389.24 389.24
4,305.77 6,095.18 6,888.94 7,148.54
4,305.77 6,095.18 6,888.94 7,148.54
141.75 0 0 0
6,020.32 7,621.09 7,278.18 7,537.78
984.25 1,155.60 1,971.10 1,980.13
889.66 0 0 0
1,765.50 2,008.64 1,720.00 1,791.72

38,690.38 33,599.28 31,633.16 25,366.70

73.36 73.27 55.39 37.66
2,064.07 2,398.71 2,858.23 2,526.52
80.42 99.42 217.41 160.75
40,908.23 36,170.68 34,764.19 28,091.63

3,511.18 5,588.17 4,856.62 7,315.57

2,035.08 1,759.31 1,481.59 1,236.71
10,357.52 10,547.84 11,492.21 8,092.44
271.2 290.52 253.1 182.22
16,174.98 18,185.84 18,083.52 16,826.94
66,742.94 65,141.85 63,816.99 56,228.20

23,760.52 24,338.61 18,066.51 16,089.78

10,422.23 9,300.65 9,268.71 7,237.87
16,838.99 14,908.85 17,785.28 15,535.90
408.45 824.99 1,393.04 3,160.12
51,430.19 49,373.10 46,513.54 42,023.67
210.86 104.22 104.16 149.36
19.04 44.57 58.11 135.89
2,481.91 2,612.84 3,651.23 3,338.11
3,900.83 3,802.93 3,845.81 1,581.63
58,042.83 55,937.66 54,172.85 47,228.66

1,201.82 775.35 178.63 572.24

304.85 358.92 270.43 259.45
1,624.27 1,600.14 1,695.63 1,703.70
3,904.04 3,321.19 5,134.84 4,256.14
587.19 493.15 879.79 987.68
1,077.94 2,655.44 1,484.82 1,220.33
8,700.11 9,204.19 9,644.14 8,999.54
66,742.94 65,141.85 63,816.99 56,228.20

Total Operating Expense

 Horizontal Analysis

Mar-17 Mar-16 Mar-15 Mar-14

38% 12% 0% 0%

-100% 0%
-62% 3% 292% 0%

1% -29% -12% -4%

1% -29% -12% -4%

-100% 142%
-18% -21% 5% -3%

0% -15% -41% 0%

-100%
-7% -12% 17% -4%

-3% 15% 6% 25%

10% 0% 32% 47%

6% -14% -16% 13%

66% -19% -54% 35%

-3% 13% 4% 24%

-50% -37% 15% -34%

-4% 16% 19% 20%

52% -2% -8% 42%

9% -7% 15% 39%

22% -11% 1% 7%

1% 2% 2% 13%

59% -2% 35% 12%

-8% 12% 0% 28%

-76% 13% -16% 14%

29% -50% -41% -56%

 1% 4% 6% 11%

-37% 102% 0% -30%

273% -57% -23% -57%

-5% -5% -28% 9%

-14% 3% -1% 143%

-1% 4% 3% 15%

53% 55% 334% -69%

54% -15% 33% 4%

52% 2% -6% 0%

-20% 18% -35% 21%

34% 19% -44% -11%

-28% -59% 79% 22%

9% -5% -5% 7%

1% 2% 2% 13%

al Operating Expense Total Operating Asset

 Vertical Analysis

Mar-13 Mar-17 Mar-16 Mar-15

1% 1% 1%
0% 2% 2%
1% 3% 3%
7% 7% 10%
7% 7% 10%
0% 0% 0%
8% 10% 13%
2% 2% 2%
0% 1% 0%
3% 3% 3%

62% 64% 55%

0% 0% 0%
4% 3% 4%
0% 0% 0%
66% 67% 60%
0% 0% 0%
3% 6% 9%
3% 3% 3%
26% 17% 17%
0% 0% 0%
33% 27% 30%
111% 110% 107%

62% 39% 40%

16% 17% 15%
7% 28% 25%
1% 1% 1%
 85% 85% 81%
0% 0% 0%
0% 0% 0%
4% 4% 4%
6% 6% 6%
95% 96% 92%

3% 2% 1%
1% 1% 1%
4% 3% 3%
5% 6% 5%
1% 1% 1%
1% 2% 4%
16% 14% 15%
111% 110% 107%

Total Operating Asset 60,617.57

tical Analysis

Mar-14 Mar-13

1%
0%
1%
11%
11%
0%
12%
3%
0%
3%

52%
0%
5%
0%
57%
0%
8%
2%
19%
0%
30%
105%

30%
15%
29%
2%
77%
0%
0%
6%
6%
89%

0%
0%
3%
8%
1%
2%
16%
105%