Annual results in details

Sales
Operating profit
Interest
Gross profit
EPS (Rs)

Annual results in details

Other income
Stock adjustment
Raw material
Power and fuel
Employee expenses

Mar ' 12

Mar ' 11

Mar ' 10

Mar ' 09

Mar ' 08

35,587.09

36,299.74

29,623.01

20,852.52

17,860.28

2,512.89

4,202.15

3,954.29

1,832.06

2,167.37

55.21

24.41

33.5

50.98

59.62

3,284.54

4,122.25

4,417.55

2,382.42

3,071.22

56.59

79.21

86.45

42.18

60.21

Mar ' 12

Mar ' 11

Mar ' 10

Mar ' 09

Mar ' 08

826.86

482.31

496.76

601.34

963.47

-131.19

-60.04

-193.31

281.87

-291.68

26,664.28

27,576.13

21,701.73

15,235.27

13,161.35

843.81

703.62

545.64

471.09

356.16

Excise

Admin and selling expenses

Research and development expenses

Expenses capitalised

5,697.30

3,877.88

3,614.66

3,032.23

2,467.08

Other expenses
Provisions made
Depreciation
Taxation
Net profit / loss
Extra ordinary item
Prior year adjustments

1,138.35

1,013.50

825.02

706.54

568.17

511.05

820.11

1,094.91

457.14

763.32

1,635.14

2,288.64

2,497.62

1,218.74

1,739.73

-8.91

144.46

144.46

144.46

144.46

144.46

1322.92

1322.92

1322.92

1322.92

1322.92

45.79

45.79

45.79

45.79

45.79

OPM (%)

7.06

11.58

13.35

8.79

12.14

GPM (%)

9.02

11.21

14.67

11.1

16.32

NPM (%)

4.49

6.22

8.29

5.68

9.24

Equity capital
Equity dividend rate
Agg.of non-prom. shares (Lacs)
Agg.of non promotoHolding (%)

rs(crores)

rs(crores)

Balance sheet
Mar ' 12

Mar ' 11

Mar ' 10

Mar ' 09

Mar ' 08

144.5

144.5

144.5

144.5

144.5

Share application money

Preference share capital

15,042.90

13,723.00

11,690.60

9,200.40

8,270.90

31.2

26.5

0.1

0.1

1,078.30

278.1

794.9

698.8

900.1

16,265.70

14,176.80

12,656.50

10,043.80

9,315.60

14,734.70

11,737.70

10,406.70

8,720.60

7,285.30

Less : accumulated depreciation

7,214.00

6,208.30

5,382.00

4,649.80

3,988.80

Net block

7,520.70

5,529.40

5,024.70

4,070.80

3,296.50

Capital work-in-progress

1,406.30

1,428.60

387.6

861.3

736.3

Investments

6,147.40

5,106.70

7,176.60

3,173.30

5,180.70

Current assets, loans & advances

7,310.30

6,443.10

3,856.00

5,570.00

3,190.50

Less : current liabilities & provisions

6,119.00

4,331.00

3,788.40

3,631.60

3,088.40

Total net current assets

1,191.30

2,112.10

67.6

1,938.40

102.1

16,265.70

14,176.80

12,656.50

10,043.80

9,315.60

6,141.30

4,395.60

11.1

3,162.20

5,169.60

Sources of funds
Owner's fund
Equity share capital

Reserves & surplus

Loan funds
Secured loans
Unsecured loans
Total

Uses of funds
Fixed assets
Gross block
Less : revaluation reserve

Net current assets

Miscellaneous expenses not written

Total

Notes:
Book value of unquoted investments
Market value of quoted investments
Contingent liabilities
Number of equity sharesoutstanding (Lacs)

172.3

264

215.1

108.7

219.5

5,925.90

5,450.60

3,657.20

1,901.70

2,734.20

2889.1

2889.1

2889.1

2889.1

2889.1

rs(crores)

Profit loss account

Mar ' 12

Mar ' 11

Mar ' 10

Mar ' 09

Mar ' 08

35,558.20

36,561.50

29,317.70

20,729.40

18,066.80

28,170.50

28,806.80

22,435.40

16,339.80

13,622.00

2,085.70

2,159.60

1,278.20

909.7

670.6

Personnel expenses

843.8

703.6

545.6

471.1

356.2

Selling expenses

995.8

960

916

738.2

560.2

Adminstrative expenses

640.6

614

404.6

389.2

326.3

Expenses capitalised

-42.7

-25.7

-22.3

-19.8

32,693.70

33,218.30

25,579.80

18,825.70

15,515.50

2,864.50

3,343.20

3,737.90

1,903.70

2,551.30

473.5

745.7

617.7

547.6

456.1

3,338.00

4,088.90

4,355.60

2,451.30

3,007.40

55.2

24.4

33.5

51

59.6

1,138.40

1,013.50

825

706.5

568.2

2,144.40

3,051.00

3,497.10

1,693.80

2,379.60

511

820.2

1,094.90

457.1

763.3

1,633.40

2,230.80

2,402.20

1,236.70

1,616.30

-107.3

38.9

44.3

-55.9

37.9

Income
Operating income

Expenses
Material consumed
Manufacturing expenses

Cost of sales
Operating profit
Other recurring income
Adjusted PBDIT
Financial expenses
Depreciation
Other write offs
Adjusted PBT
Tax charges
Adjusted PAT
Non recurring items
Other non cash adjustments
Reported net profit
Earnigs before appropriation
Equity dividend
Preference dividend
Dividend tax
Retained earnings

109.1

18.9

51.1

37.9

76.6

1,635.20

2,288.60

2,497.60

1,218.70

1,730.80

13,493.00

12,338.50

10,501.80

8,244.40

7,368.10

216.7

216.7

173.3

101.1

144.5

35.1

35.1

28.8

17.2

24.8

13,241.20

12,086.70

10,299.70

8,126.10

7,198.80

rs(crores)

Cash flow
Mar ' 12

Mar ' 11

Mar ' 10

Mar ' 09

Mar ' 08

Profit before tax

2,146.20

3,108.80

3,592.50

1,675.80

2,503.00

Net cashflow-operating
activity

2,229.40

3,050.30

2,887.40

1,193.30

1,830.40

-2,918.30

73.4

-4,783.30

951.4

-3,061.50

Netcash used in fin.

activity

616.5

-713.4

55.1

-536.2

132.3

Net inc/dec in cash and

equivlnt

-72.4

2,410.30

-1,840.80

1,608.50

-1,098.80

Cash and equivalnt begin

of year

2,508.50

98.2

1,939.00

330.5

1,422.80

Cash and equivalnt end of

year

2,436.10

2,508.50

98.2

1,939.00

324

Net cash used in investing

activity

Ratios
Mar ' 12

Mar ' 11

Mar ' 10

Mar ' 09

Adjusted EPS (Rs)

56.54

77.21

83.15

42.81

Adjusted cash EPS (Rs)

95.94

112.29

111.7

67.26

56.6

79.21

86.45

42.18

Reported cash EPS (Rs)

96

114.3

115

66.64

Dividend per share

7.5

7.5

3.5

99.15

115.72

129.38

65.89

Book value (excl rev res) per share (Rs)

525.68

479.99

409.65

323.45

Book value (incl rev res) per share (Rs.)

525.68

479.99

409.65

323.45

1,230.77

1,265.50

1,014.77

717.5

520.68

474.32

403.82

318.45

Operating margin (%)

8.05

9.14

12.74

9.18

Gross profit margin (%)

4.85

6.37

9.93

5.77

Net profit margin (%)

4.53

6.13

8.34

5.72

Per share ratios

Reported EPS (Rs)

Operating profit per share (Rs)

Net operating income per share (Rs)

Free reserves per share (Rs)

Profitability ratios

Adjusted cash margin (%)

7.69

8.69

10.78

9.13

Adjusted return on net worth (%)

10.75

16.08

20.29

13.23

Reported return on net worth (%)

10.76

16.5

21.1

13.04

Return on long term funds (%)

14.48

21.74

28.8

17.48

0.02

0.03

0.06

Leverage ratios
Long term debt / Equity
Total debt/equity
Owners fund as % of total source
Fixed assets turnover ratio

Liquidity ratios

0.07

0.02

0.06

0.07

93.37

97.81

93.51

93.04

2.34

3.13

2.82

2.38

Current ratio

1.19

1.49

1.02

1.53

Current ratio (inc. st loans)

1.02

1.47

0.91

1.51

Quick ratio

0.88

1.14

0.67

1.26

Inventory turnover ratio

22.8

33.33

30.47

30.46

15.39

11

8.09

9.7

Payout ratios
Dividend payout ratio (net profit)
Dividend payout ratio (cash profit)

9.07

7.62

6.08

6.14

Earning retention ratio

84.59

88.72

91.59

90.44

Cash earnings retention ratio

90.92

92.24

93.74

93.92

0.38

0.09

0.25

0.35

Financial charges coverage ratio

60.47

167.58

130.02

48.06

Fin. charges cov.ratio (post tax)

51.25

136.33

100.18

38.75

79.67

78.99

77.21

77.1

2.8

2.62

3.12

3.56

10.38

9.56

15.49

7.24

Import comp. in raw mat. consumed

10.6

11.99

12.89

11.7

Long term assets / total Assets

0.66

0.65

0.76

0.59

Coverage ratios
Adjusted cash flow time total debt

Component ratios
Material cost component (% earnings)
Selling cost Component
Exports as percent of total sales

Bonus component in equity capital (%)

rs(crores)
Mar ' 08

55.94
75.61
59.91
79.57
5
88.31

291.28

291.28

625.34

286.28

14.12
10.97
9.34
11.79
19.2
20.56
27.35
0.05
0.1
90.33
2.48

1.03
0.91
0.66
22.93
9.78
7.36
89.53
92.25
0.41
50.46
39.57
77.25
3.1
4.1
10.84
0.74
-