P&L of Ambuja Cement

Income
Net Sales
Stock Adjustments
Expenditure
Total Expenses
Operating Profit
PBDIT
Interest
PBDT
Depreciation
Profit Before Tax
PBT (Post Extra-ord Items)
Tax
Reported Net Profit
Total Value Addition
Equity Dividend
Total Current Assets
Current Liabilities
working capital
change in working capital
change in fixed capital
investment
Free cash flow
present value

current assets
current liablilities
working capital

2005
449.11
676.70
-227.59

Dec '10

2007

2008

2009

2010

26,664.25

28,767.91

25,660.67

35,373.29

24,077.74
2,586.51
3,473.74
455.75

25,737.39
3,030.52
3,389.94
471.56

23,937.57
1,723.10
2,564.64
704.92

31,340.46
4,032.83
4,435.10
1,246.25

Sources Of Funds
Equity Share Capital
Reserves
total equity
Secured Loans
Unsecured Loans
Total Debt
Total Liabilities
interest
cost of debt
ratio of debt
wacc

305.97
7,022.79
7,328.76
0
65.03
65.03
7,395.13
48.69
75% CAPM
0.01 ratio of equity
7%

7%
0.99

2011

CAGR
47,957.24 #DIV/0!
#DIV/0!
43,251.52
4,705.72
5,126.41
1,383.79

2011
2012
#DIV/0!
#DIV/0!
#DIV/0!
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2013
#DIV/0!
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2014
#DIV/0!
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2015
#DIV/0!
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#DIV/0!
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#DIV/0!

#DIV/0!

#DIV/0!
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#DIV/0!
#DIV/0!

#DIV/0!
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total value of firm

year
present value
2012
597062.72
2013
499509.82
2014
417570.70
2015
349663.52
2016
292287.61
2017
244846.02
2018
204868.99
2019
171338.99
2020
143075.87
2021
119679.12
total
3039903.36

2016
#DIV/0!
#DIV/0!

2017
#DIV/0!
#DIV/0!

2018
#DIV/0!
#DIV/0!

2019
2020
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!

#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
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#DIV/0!
#DIV/0!
#DIV/0!
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#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!

#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
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#DIV/0!
#DIV/0!
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#DIV/0!
#DIV/0!
#DIV/0!
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#DIV/0!
#DIV/0!

#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
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#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!

#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
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#DIV/0!
#DIV/0!
#DIV/0!
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#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!

#DIV/0!
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#DIV/0!
#DIV/0!
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#DIV/0!
#DIV/0!
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#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!

#DIV/0!
#DIV/0!

#DIV/0!
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#DIV/0!
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#DIV/0!
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#DIV/0! total(cr.)
#DIV/0!
#DIV/0!

p&l a/c of Shree Cement (value in crore)

Mar '07

Mar '08

Mar '09

Mar '10

Mar '11

1,403.04
4.49

2,108.21
-8.13

2,716.47
-11.08

3,628.20
23.58

3,498.89
34.81

Total Expenses
Operating Profit
PBDIT
Interest
PBDT
Depreciation
Profit Before Tax
Extra-ordinary
items
PBT (Post Extra-ord

813.59
593.94
615.04
12.04
603
433.05
169.95
19.49

1,234.74
865.34
897.69
52.03
845.66
478.76
366.9
-14.12

1,751.69
953.7
998.92
77.16
921.76
205.39
716.37
6.53

2,147.73
1,504.05
1,565.77
129.09
1,436.68
570.43
866.25
16.69

2,645.89
887.81
958.65
175.35
783.3
675.76
107.54
61.86

Items)
Tax
Reported Net Profit
Total Value Addition
Equity Dividend
Corporate Dividend Tax

189.44
12.44
177
555.13
20.9
6.9

352.78
92.42
260.37
858.37
27.87
6.9

722.9
144.94
577.97
1,249.35
34.84
3.47

882.94
206.84
676.1
1,501.08
45.29
8.1

169.4
-40.27
209.7
1,833.95
48.77
4.24

208.39
250.92
292.48

276.43
296.80
195.53

264.49
357.48
-92.99

492.33
608.36
-331.93

543.4
795.82
-587.43

365.14

-96.95

-288.52

-238.94

-255.50

-81.82

211.78

-133.11

125.1

415.11

34272.828 104457.69

179859.42

-3814.4858

Income
Net Sales
Stock Adjustments

Expenditure

Total Current Assets

Current Liabilities
working capital
change in working
capital
change in fixed capital
investment

Free cash flow

2263.908

present value

Secured Loans
Unsecured Loans
Total Debt
total
interest
cost of debt
ratio of debt
wacc

1,780.49
63.8
1,844.29
3,830.47
175.35
10%
0.48
7%

Equity Share Capital

Reserves
total equity

CAPM
ratio of equity

34.84
1,951.34
1,986.18

8%
0.52

current assets
current liabilities
working capital

2006
148.59
221.25
-72.66

Mar-12

Mar-13

Mar-14

Mar-15

Mar-16

Mar-17

4200.51
-1.012

5042.83
-0.98

6054.06
-1.01

7268.06
-1.01

8725.50
-1.40

10475.21
-0.72

0.27
0.08
0.09
0.71
0.05
0.09
-0.09
0.26

3349.69
962.13
1047.64
299.61
825.37
738.66
98.13
77.93

4240.71
1042.68
1144.89
511.94
869.71
807.41
89.55
98.19

5368.73
1129.97
1251.16
874.73
916.42
882.56
81.72
123.70

6796.80
1224.57
1367.31
1494.61
965.64
964.71
74.57
155.84

8604.74
1327.08
1494.23
2553.79
1017.51
1054.50
68.05
196.34

10893.59
1438.18
1632.93
4363.56
1072.16
1152.65
62.10
247.36

-0.02
-2.26
0.03
0.27
0.18
-0.09

165.65
50.93
216.93
2329.09
57.78
3.85

161.99
-64.42
224.41
2957.91
68.45
3.49

158.41
81.49
232.15
3756.50
81.09
3.17

154.91
-103.06
240.16
4770.70
96.06
2.87

151.48
130.36
248.44
6058.71
113.80
2.61

148.13
-164.88
257.01
7694.47
134.82
2.36

-0.17
0.26
-2.15

172.04
1002.47
675.35

142.03 117.25496 96.801629

1262.78
1590.68
2003.73
-776.43
892.63
-1026.23

-1.93

237.89

-221.49

206.23

-192.02

178.78

-166.46

-2.38

-574.41

794.85

-1099.88

1521.97

-2106.04

2914.256

-2.11

4234.01
3649.71

-4699.66
-3491.85

5216.54
3343.80

-5790.26
-3196.22

6427.07
3059.29

-7133.9
-2924.91

CAGR
0.20
0.51

#DIV/0!

total value of the firm

year
present value
2012
3649.71
2013
-3491.85
2014
3343.80
2015
-3196.22
2016
3059.29
2017
-2924.91
2018
2803.16

79.92 65.9759365
2524.03
3179.44
1179.82
-1356.40

2019
2020
2021
total

-2680.77
2565.85
-2458.19
669.87

Mar-18

Mar-19

Mar-20

Mar-21

12575.771
-0.85

15097.56
-0.83

2E+04
-0.83

2E+04
-0.881

13791.28
1558.58
1784.51
7455.84
1129.75
1259.94
56.67
311.64

17459.74
1689.06
1950.16
12739.50705
1190.43
1377.21
51.71
392.61

22104.00
2E+03
2E+03
2E+04
1E+03
2E+03
5E+01
5E+02

27983.64
2E+03
2E+03
4E+04
1E+03
2E+03
4E+01
6E+02

144.85
208.55
265.87
9771.86
159.72
2.14

141.65
-263.78
275.04
12410.12
189.22
1.95

1E+02
3E+02
3E+02
2E+04
2E+02
2E+00

1E+02
-4E+02
3E+02
2E+04
3E+02
2E+00

44.96643522 37.1227301
5045.01
6355.04
-1792.80
2061.12

30.647239
8005.23
-2369.61

5E+01
4005.03
1559.41
154.99

-144.30

134.36

-125.10

-4032.6303

5580.1921

-7721.646

10684.90

7918.52
2803.16

-8789.41
-2680.77

9756.07
2565.85

-10829.05 total
-2458.19
669.86

Dividend discount model (growth)

2009/10 2010/11 dividend growth rf(required rate of return) value2010
Ambuja cement
2.4
2.6
1.6
8.30%
79.85
Shree Cement
13
14
0.076923077
8.30%
181.57
Dividend discount model (without growth)
2009/10 2010/11 rf
Ambuja cement
2.4
2.6
Shree Cement
13
14

value 2010
8.30%
8.30%

13

value2009
31.33
168.67

28.92
156.63

value2009
73.58
168.60

Profit & Loss - Tata Motors Ltd(crores)

Mar'11
12 Months
INCOME:
Sales Turnover
Excise Duty
NET SALES
Other Income
TOTAL INCOME
EXPENDITURE:
Manufacturing Expenses
Material Consumed
Personal Expenses
Selling Expenses
Administrative Expenses
Expenses Capitalised
Provisions Made
TOTAL EXPENDITURE
Operating Profit
EBITDA
Depreciation
Other Write-offs
EBIT
Interest
EBT
Taxes
Profit and Loss for the Year
Non Recurring Items
Other Non Cash Adjustments
Other Adjustments
REPORTED PAT
KEY ITEMS
Preference Dividend
Equity Dividend
Equity Dividend (%)
Shares in Issue (Lakhs)
EPS - Annualised (Rs)

Secured Loans
Unsecured Loans

Mar'10

Mar'09

12 Months

12 Months

52,067.87
4,110.63
47,957.24
0
48,377.93

38,173.39
2,800.10
35,373.29
0
35,775.56

28,538.20
2,877.53
25,660.67
0
26,502.21

2,224.74
34,692.83
2,294.02
2,289.11
2,568.50
-817.68
0
43,251.52
4,705.72
5,126.41
1,360.77
106.17
3,659.47
1,383.79
2,275.68
384.7
1,890.98
-79.16
0
0
1,811.82

1,652.22
24,759.49
1,836.13
1,583.24
2,249.92
-740.54
0
31,340.46
4,032.83
4,435.10
1,033.87
144.03
3,257.20
1,246.25
2,010.95
589.46
1,421.49
818.59
0
0
2,240.08

1,171.59
19,039.41
1,551.39
1,224.15
1,867.05
-916.02
0
23,937.57
1,723.10
2,564.64
874.54
51.17
1,638.93
704.92
934.01
12.5
921.51
79.75
15.29
-15.29
1,001.26

0
1,274.23
200.77
6,346.14
28.55

0
859.05
150.55
5,705.58
39.26

0
311.61
60.61
5,140.08
19.48

7,766.05 Equity Share Capital

8,132.70 Reserves

637.71
19,351.40

Total Debt
total
interest
cost of debt
ratio of debt
wacc

15,898.75
35,887.86
1,383.79
9% CAPM
0.44 ratio of equity
382%
2006

current assets
current liabilities
working capital

1,923.41
2,936.84

-1,013.43

total equity

19,989.11

681.61%
0.56

Mar'08

Mar'07

12 Months 12 Months
33,123.54 31,089.69
4,355.63 4,425.44
28,767.91 26,664.25
0
0
29,127.33 27,551.48
1,230.14 1,200.36
20,931.81 19,529.88
1,544.57 1,367.83
1,179.48 1,068.56
1,982.79 1,488.16
-1,131.40
-577.05
0
0
25,737.39 24,077.74
3,030.52 2,586.51
3,389.94 3,473.74
652.31
586.29
64.35
85.02
2,673.28 2,802.43
471.56
455.75
2,201.72 2,346.68
547.55
660.37
1,654.17 1,686.31
374.75
227.15
0
0
0
0.07
2,028.92 1,913.46
0
578.43
150.03
3,855.04
52.63

0
578.07
149.98
3,853.74
49.65

Mar'12

Mar'13

Mar'14

Mar'15

CAGR

0.12456603

47957.24
0
48377.93
0
2224.74
34692.83
2294.02
2289.11
2568.5
-817.68
0
43251.52
4705.72
5126.41
1360.77
106.17
3659.47
1383.79
2275.68
384.7
1890.98
-79.16
0
0
1811.82
0
0
1274.23
200.77
6346.14
28.55

0.11918136
0.13134106
0.12178087
0.10895268
0.16459132
0.11533669
0.07219551
0.12428685
0.12715174
0.08094403
0.18340786
0.04543285
0.05481594
0.24873045
-0.00612569
-0.10243281
0.02317496
-1.80991345
-1
-0.01085689

0.17126045
0.06006646
0.10490629
-0.10476434

total value of the firm

year
present value

47957.24
0
48377.93
0
2224.74
34692.83
2294.02
2289.11
2568.5
-817.68
0
43251.52
4705.72
5126.41
1360.77
106.17
3659.47
1383.79
2275.68
384.7
1890.98
-79.16
0
0
1811.82
0
0
1274.23
200.77
6346.14
28.55

47957.24
0
48377.93
0
2224.74
34692.83
2294.02
2289.11
2568.5
-817.68
0
43251.52
4705.72
5126.41
1360.77
106.17
3659.47
1383.79
2275.68
384.7
1890.98
-79.16
0
0
1811.82
0
0
1274.23
200.77
6346.14
28.55

47957.24
0
48377.93
0
2224.74
34692.83
2294.02
2289.11
2568.5
-817.68
0
43251.52
4705.72
5126.41
1360.77
106.17
3659.47
1383.79
2275.68
384.7
1890.98
-79.16
0
0
1811.82
0
0
1274.23
200.77
6346.14
28.55

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
total

0.00

mar'16

47957.24
0
48377.93
0
2224.74
34692.83
2294.02
2289.11
2568.5
-817.68
0
43251.52
4705.72
5126.41
1360.77
106.17
3659.47
1383.79
2275.68
384.7
1890.98
-79.16
0
0
1811.82
0
0
1274.23
200.77
6346.14
28.55

Mar'17

47957.24
0
48377.93
0
2224.74
34692.83
2294.02
2289.11
2568.5
-817.68
0
43251.52
4705.72
5126.41
1360.77
106.17
3659.47
1383.79
2275.68
384.7
1890.98
-79.16
0
0
1811.82
0
0
1274.23
200.77
6346.14
28.55

Mar'18

47957.24
0
48377.93
0
2224.74
34692.83
2294.02
2289.11
2568.5
-817.68
0
43251.52
4705.72
5126.41
1360.77
106.17
3659.47
1383.79
2275.68
384.7
1890.98
-79.16
0
0
1811.82
0
0
1274.23
200.77
6346.14
28.55

Mar'19

47957.24
0
48377.93
0
2224.74
34692.83
2294.02
2289.11
2568.5
-817.68
0
43251.52
4705.72
5126.41
1360.77
106.17
3659.47
1383.79
2275.68
384.7
1890.98
-79.16
0
0
1811.82
0
0
1274.23
200.77
6346.14
28.55

Mar'20

47957.24
0
48377.93
0
2224.74
34692.83
2294.02
2289.11
2568.5
-817.68
0
43251.52
4705.72
5126.41
1360.77
106.17
3659.47
1383.79
2275.68
384.7
1890.98
-79.16
0
0
1811.82
0
0
1274.23
200.77
6346.14
28.55

Profit & Loss - Maruti Suzuki India Ltd.Print

Mar'11
Mar'10

Mar'09

Mar'08

Mar'07

12 Months 12 Months 12 Months 12 Months 12 Months

INCOME:
Sales Turnover
Excise Duty
NET SALES
Other Income
TOTAL INCOME
EXPENDITURE:
Manufacturing Expenses
Material Consumed
Personal Expenses
Selling Expenses
Administrative Expenses
Expenses Capitalised
Provisions Made
TOTAL EXPENDITURE
Operating Profit
EBITDA
Depreciation
Other Write-offs
EBIT
Interest
EBT
Taxes
Profit and Loss for the Year
Non Recurring Items
Other Non Cash Adjustments
Other Adjustments
REPORTED PAT
KEY ITEMS
Preference Dividend
Equity Dividend
Equity Dividend (%)
Shares in Issue (Lakhs)
EPS - Annualised (Rs)

40,865.50 32,174.10 23,381.50 21,200.40 17,358.40

4,304.00 2,856.40 2,652.10 3,133.60 2,552.00
36,561.50 29,317.70 20,729.40 18,066.80 14,806.40
0
0
0
0
0
37,307.20 29,935.40 21,277.00 18,522.90 15,167.50
2,159.60 1,278.20
909.7
670.6
489.8
28,806.80 22,435.40 16,339.80 13,622.00 11,063.70
703.6
545.6
471.1
356.2
288.4
960
916
738.2
560.2
499.9
614
404.6
389.2
326.3
274.5
-25.7
0
-22.3
-19.8
-14.3
0
0
0
0
0
33,218.30 25,579.80 18,825.70 15,515.50 12,602.00
3,343.20 3,737.90 1,903.70 2,551.30 2,204.40
4,088.90 4,355.60 2,451.30 3,007.40 2,565.50
1,013.50
825
706.5
568.2
271.4
0
0
0
0
0
3,075.40 3,530.60 1,744.80 2,439.20 2,294.10
24.4
33.5
51
59.6
37.6
3,051.00 3,497.10 1,693.80 2,379.60 2,256.50
820.2 1,094.90
457.1
763.3
705.3
2,230.80 2,402.20 1,236.70 1,616.30 1,551.20
38.9
44.3
-55.9
37.9
-23
18.9
51.1
37.9
76.6
33.4
0
0
0
0
0.4
2,288.60 2,497.60 1,218.70 1,730.80 1,562.00
0
216.7
149.96
2,889.10
79.21

0
173.3
119.93
2,889.10
86.45

0
101.1
69.96
2,889.10
42.18

0
144.5
100
2,889.10
59.91

0
130
89.96
2,889.10
54.07

CAGR

0.19816
0.197225
0.34546
0.21093
0.19527
0.139404
0.174695
0.124396
0.213913
0.086862
0.097708
0.301496
0.060371
-0.08285
0.062188
0.030645
0.075372
-2.11082
-0.10763
-1
0.079388

0.1076
0.107606
0
0.079356

Mar'12

36561.5
0
37307.2
0
2159.6
28806.8
703.6
960
614
-25.7
0
33218.3
3343.2
4088.9
1013.5
0
3075.4
24.4
3051
820.2
2230.8
38.9
18.9
0
2288.6
0
0
216.7
149.96
2889.1
79.21

Mar'13

36561.5
0
37307.2
0
2159.6
28806.8
703.6
960
614
-25.7
0
33218.3
3343.2
4088.9
1013.5
0
3075.4
24.4
3051
820.2
2230.8
38.9
18.9
0
2288.6
0
0
216.7
149.96
2889.1
79.21

Mar'14

36561.5
0
37307.2
0
2159.6
28806.8
703.6
960
614
-25.7
0
33218.3
3343.2
4088.9
1013.5
0
3075.4
24.4
3051
820.2
2230.8
38.9
18.9
0
2288.6
0
0
216.7
149.96
2889.1
79.21

Mar'15

36561.5
0
37307.2
0
2159.6
28806.8
703.6
960
614
-25.7
0
33218.3
3343.2
4088.9
1013.5
0
3075.4
24.4
3051
820.2
2230.8
38.9
18.9
0
2288.6
0
0
216.7
149.96
2889.1
79.21

Mar'16

36561.5
0
37307.2
0
2159.6
28806.8
703.6
960
614
-25.7
0
33218.3
3343.2
4088.9
1013.5
0
3075.4
24.4
3051
820.2
2230.8
38.9
18.9
0
2288.6
0
0
216.7
149.96
2889.1
79.21

Mar'17

36561.5
0
37307.2
0
2159.6
28806.8
703.6
960
614
-25.7
0
33218.3
3343.2
4088.9
1013.5
0
3075.4
24.4
3051
820.2
2230.8
38.9
18.9
0
2288.6
0
0
216.7
149.96
2889.1
79.21

Mar'18

36561.5
0
37307.2
0
2159.6
28806.8
703.6
960
614
-25.7
0
33218.3
3343.2
4088.9
1013.5
0
3075.4
24.4
3051
820.2
2230.8
38.9
18.9
0
2288.6
0
0
216.7
149.96
2889.1
79.21

Mar'19

36561.5
0
37307.2
0
2159.6
28806.8
703.6
960
614
-25.7
0
33218.3
3343.2
4088.9
1013.5
0
3075.4
24.4
3051
820.2
2230.8
38.9
18.9
0
2288.6
0
0
216.7
149.96
2889.1
79.21

Mar'20

36561.5
0
37307.2
0
2159.6
28806.8
703.6
960
614
-25.7
0
33218.3
3343.2
4088.9
1013.5
0
3075.4
24.4
3051
820.2
2230.8
38.9
18.9
0
2288.6
0
0
216.7
149.96
2889.1
79.21