Raymond

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Consolidated
Rs. Cr.
Balance Sheet
-------------------

Mar '17 Mar '16 Mar '15 Mar '14 Mar '13

12 mths 12 mths 12 mths 12 mths 12 mths

Sources Of Funds

Total Share Capital 61.38 61.38 61.38 61.38 61.38

Equity Share
61.38 61.38 61.38 61.38 61.38
Capital
Reserves 1,611.74 1,569.98 1,479.98 1,404.74 1,316.33

Networth 1,673.12 1,631.36 1,541.36 1,466.12 1,377.71

Secured Loans 1,445.42 1,050.16 1,005.12 1,068.54 1,005.26

Unsecured Loans 321.95 692.55 565.68 594.82 379.23

Total Debt 1,767.37 1,742.71 1,570.80 1,663.36 1,384.49

Minority Interest 69.31 62.95 72.53 70.55 12.35

Total Liabilities 3,509.80 3,437.02 3,184.69 3,200.03 2,774.55

Mar '17 Mar '16 Mar '15 Mar '14 Mar '13

12 mths 12 mths 12 mths 12 mths 12 mths

Application Of Funds

Gross Block 1,478.38 3,204.43 3,049.46 2,924.72 2,781.85

Less: Revaluation
0 0 0 0 1.18
Reserves

Less: Accum.
309.7 1,897.95 1,775.08 1,668.36 1,475.14
Depreciation
Net Block 1,168.68 1,306.48 1,274.38 1,256.36 1,305.53
Capital Work in
412.15 249.98 195.82 173.97 174.32
Progress
Investments 640.5 502.37 426.97 514.68 524.08

Inventories 1,288.67 1,266.03 1,157.76 1,092.52 947.68

Sundry Debtors 1,050.66 1,047.48 923.89 849.91 738.44

Cash and Bank
69.7 92.45 129.25 80.98 38.09
Balance
Total Current
2,409.03 2,405.96 2,210.90 2,023.41 1,724.21
Assets
Loans and
621.94 603.96 559.98 473.94 453.68
Advances
Total CA, Loans &
3,030.97 3,009.92 2,770.88 2,497.35 2,177.89
Advances

Current Liabilities 1,683.51 1,575.37 1,407.98 1,166.32 1,336.03

Provisions 58.99 56.37 75.37 76.01 71.24

Total CL &
1,742.50 1,631.74 1,483.35 1,242.33 1,407.27
Provisions
Net Current
1,288.47 1,378.18 1,287.53 1,255.02 770.62
Assets
Total Assets 3,509.80 3,437.01 3,184.70 3,200.03 2,774.55

Contingent
308.45 361.84 411.02 393.19 342.97
Liabilities
Book Value (Rs) 272.58 265.78 251.11 238.86 224.45
Source : Dion Global Solutions Limited
Raymond
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Consolidated Profit &
Rs. Cr.
Loss account
-------------------

Mar 17 16-Mar 15-Mar 14-Mar 13-Mar

12 mths 12 mths 12 mths 12 mths 12 mths

INCOME
Revenue From
5,317.83 5,096.02 4,792.50 3,960.47 3,494.16
Operations [Gross]
Less: Excise/Sevice
0 37.79 41.93 45.77 71.26
Tax/Other Levies
Revenue From
5,317.83 5,058.23 4,750.57 3,914.70 3,422.90
Operations [Net]
Other Operating
73.5 73.13 86.69 87.29 71.99
Revenues
Total Operating
5,391.32 5,131.36 4,837.26 4,001.99 3,494.89
Revenues
Other Income 117.94 106.91 95.18 72.65 73.87
Group Share In Joint
0 463.33 495.36 545.98 574.27
Ventures
Total Revenue 5,509.26 5,701.60 5,427.79 4,620.63 4,143.03

EXPENSES
Cost Of Materials
1,112.28 1,284.63 1,358.45 1,342.57 1,252.35
Consumed
Purchase Of Stock-In
1,340.83 1,206.52 1,070.94 566.29 373.67
Trade
Operating And Direct
740.93 844.38 845.86 829.23 776.04
Expenses
Changes In Inventories
Of FG,WIP And Stock-In -95.64 -102.3 -94.85 -111.33 -45.24
Trade
Employee Benefit
753.54 725.08 662.71 554.15 553.32
Expenses
Finance Costs 178.03 183.45 200.39 196.83 190.58
Depreciation And
156.88 164.25 161.88 195.79 189.04
Amortisation Expenses
Other Expenses 1,234.58 1,198.74 1,062.70 887.08 787.62

Total Expenses 5,421.44 5,504.75 5,268.08 4,460.62 4,077.39

Profit/Loss Before
Exceptional,
87.82 196.85 159.72 160.01 65.64
ExtraOrdinary Items
And Tax

Exceptional Items -10.05 -34.94 0.03 -35.39 -28.96

Profit/Loss Before Tax 77.77 161.91 159.75 124.61 36.68

Tax Expenses-Continued Operations

Current Tax 34.34 62.64 45.65 36.54 22.96

Less: MAT Credit
0 23.02 22.77 1.99 -0.89
Entitlement
Deferred Tax -12.5 32.47 19.69 -5.06 1.4

Tax For Earlier Years 0 0.04 1.31 0.26 -0.3

Total Tax Expenses 21.84 72.13 43.88 29.76 24.95

Profit/Loss After Tax

And Before 55.93 89.78 115.87 94.86 11.73
ExtraOrdinary Items
Profit/Loss From
55.93 89.78 115.87 94.86 11.73
Continuing Operations
Profit/Loss For The
55.93 89.78 115.87 94.86 11.73
Period
Minority Interest -4.5 0.81 -6.77 -2.64 1.51
Share Of Profit/Loss Of
-25.92 1.46 3.72 15.42 15.5
Associates
Consolidated
Profit/Loss After MI And 25.52 92.05 112.81 107.63 28.73
Associates

OTHER ADDITIONAL INFORMATION

EARNINGS PER SHARE

Basic EPS (Rs.) 4 15 18 18 5

Diluted EPS (Rs.) 4 15 18 18 5

DIVIDEND AND DIVIDEND
PERCENTAGE
Equity Share Dividend 22.16 0 18.41 12.28 6.14

Tax On Dividend 0 0 3.77 2.09 1

Source : Dion Global Solutions Limited

Raymon
d
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Cash Flow Rs. Cr.
-------------------

Mar 17 16-Mar 15-Mar 14-Mar 13-Mar

12 mths 12 mths 12 mths 12 mths 12 mths

Net Profit/Loss
Before
53.03 128.21 111.58 64.61 -6.82
Extraordinary
Items And Tax
Net CashFlow
From Operating 232.54 218.44 149.78 12.97 139.55
Activities
Net Cash Used
In Investing -75.3 -142.77 77.93 45.26 -31.27
Activities
Net Cash Used
From Financing -158.98 -79.99 -233.55 -55.05 -102.97
Activities
Adjustments on
Amalgamation /
Merger / 0 0 0 -0.09 0.09
Demerger /
Others
Net Inc/Dec In
Cash And Cash -1.74 -4.32 -5.84 3.08 5.39
Equivalents
Cash And Cash
Equivalents 8.49 14.55 20.4 17.32 11.92
Begin of Year
Cash And Cash
Equivalents End 6.75 10.23 14.55 20.4 17.32
Of Year

Source : Dion Global Solutions Limited

Raymond
------------------- in
Consolidated Key
Rs. Cr.
Financial Ratios
-------------------

Mar '17 Mar '16 Mar '15 Mar '14 Mar '13

Investment Valuation Ratios

Face Value 10 10 10 10 10

Dividend Per Share -- -- -- -- --

Operating Profit Per

49.66 -4.18 -11.17 -10.75 -33.05
Share (Rs)

Net Operating Profit

878.34 835.99 788.07 651.99 569.38
Per Share (Rs)

Free Reserves Per

-- -- -- -- --
Share (Rs)
Bonus in Equity
69.28 69.28 69.28 69.28 69.28
Capital
Profitability Ratios
Operating Profit
5.65 -0.5 -1.41 -1.64 -5.8
Margin(%)

Profit Before Interest

2.68 -3.33 -4.24 -5.66 -9.45
And Tax Margin(%)

Gross Profit
2.74 -3.7 -4.76 -6.54 -11.21
Margin(%)
Cash Profit
4.04 5.06 5.11 7.05 5.54
Margin(%)
Adjusted Cash
4.04 5.06 5.11 7.05 5.54
Margin(%)

Net Profit Margin(%) 0.47 1.79 2.33 2.68 0.82

Adjusted Net Profit

0.46 1.61 2.07 2.32 0.69
Margin(%)

Return On Capital
7.72 11.27 11.57 11.4 9.27
Employed(%)

Return On Net
1.52 5.64 7.31 7.34 2.08
Worth(%)

Adjusted Return on
3.94 7.64 7.51 8.88 2.95
Net Worth(%)

Return on Assets
Excluding 272.58 265.78 251.11 238.86 224.45
Revaluations

Return on Assets
Including 272.58 265.78 251.11 238.86 224.65
Revaluations

Return on Long Term

11.51 14.36 14.45 13.8 11.67
Funds(%)
Liquidity And Solvency Ratios

Current Ratio 0.76 1.04 1.1 1.13 0.89

Quick Ratio 0.95 1.06 1.08 1.11 0.86

Debt Equity Ratio 1.06 1.07 1.02 1.13 1

Long Term Debt

0.38 0.62 0.62 0.76 0.59
Equity Ratio
Debt Coverage Ratios

Interest Cover 1.49 2.07 1.8 1.81 1.34

Total Debt to Owners
1.06 1.07 1.02 1.13 1
Fund

Financial Charges
2.37 2.97 2.6 2.81 2.34
Coverage Ratio

Financial Charges
Coverage Ratio Post 2.02 2.4 2.37 2.54 2.14
Tax
Management Efficiency Ratios
Inventory Turnover
4.18 4.08 4.21 3.7 3.69
Ratio
Debtors Turnover
5.14 5.21 5.45 5.04 5.08
Ratio
Investments Turnover
4.18 4.08 4.21 3.7 3.69
Ratio
Fixed Assets
3.68 1.61 1.59 1.37 1.26
Turnover Ratio
Total Assets Turnover
1.54 1.5 1.52 1.25 1.27
Ratio

Asset Turnover Ratio 1.55 1.55 1.52 1.34 1.25

Average Raw
-- -- -- -- --
Material Holding

Average Finished
-- -- -- -- --
Goods Held

Number of Days In
66.65 86.51 84.17 104.86 70.85
Working Capital

Profit & Loss Account Ratios

Material Cost
50.2 53.37 55.13 53.09 51.41
Composition

Imported
Composition of Raw -- -- -- -- --
Materials Consumed

Selling Distribution
-- -- -- -- --
Cost Composition

Expenses as
Composition of Total -- -- -- -- --
Sales

Cash Flow Indicator Ratios

Dividend Payout
86.85 -- 19.66 13.34 24.83
Ratio Net Profit

Dividend Payout
12.15 -- 8.07 4.73 3.27
Ratio Cash Profit

Earning Retention
66.42 100 80.85 88.98 82.47
Ratio
Cash Earning
90.06 100 92.02 95.6 96.9
Retention Ratio
AdjustedCash Flow
7.93 6.03 5.66 5.1 6.03
Times

Source : Dion Global Solutions Limited

Capital Structure (Raymond)
Period Instrument Authorized Issued Capital - PAI D U P-
Capital
From To (Rs. cr) (Rs. cr) Shares (nos) Face Value Capital

2016 2017 Equity Share 100 61.38 61380854 10 61.38

2015 2016 Equity Share 100 61.38 61380854 10 61.38

2014 2015 Equity Share 100 61.38 61380854 10 61.38

2013 2014 Equity Share 100 61.38 61380854 10 61.38

2012 2013 Equity Share 100 61.38 61380854 10 61.38

2011 2012 Equity Share 100 61.38 61380853 10 61.38

2010 2011 Equity Share 100 61.38 61380853 10 61.38

2009 2010 Equity Share 100 61.38 61380853 10 61.38

2008 2009 Equity Share 100 61.38 61380853 10 61.38

2007 2008 Equity Share 100 61.38 61380853 10 61.38

2006 2007 Equity Share 100 61.38 61380583 10 61.38

2005 2006 Equity Share 100 61.38 61380853 10 61.38

2004 2005 Equity Share 100 61.38 61380853 10 61.38

2003 2004 Equity Share 100 61.38 61380853 10 61.38

2002 2003 Equity Share 100 61.38 61380853 10 61.38

2001 2002 Equity Share 100 61.38 61380853 10 61.38

2000 2001 Equity Share 100 61.38 61380853 10 61.38

1999 2000 Equity Share 100 75.09 75090936 10 75.09

1996 1999 Equity Share 100 75.09 75090936 10 75.09

1994 1996 Equity Share 75 41 40997047 10 41

1993 1994 Equity Share 47.5 33.08 33082475 10 33.08

1990 1993 Equity Share 47.5 33.08 33082475 10 33.08

1985 1987 Equity Share 12.25 11.24 11236800 10 11.24

1984 1985 Equity Share 12.25 8.84 8836800 10 8.84

1982 1984 Equity Share 9.75 8.84 8836800 10 8.84

1981 1982 Equity Share 9.75 7.41 7411200 10 7.41

1980 1981 Equity Share 5.75 4.03 4032000 10 4.03

1978 1980 Equity Share 4.25 4.03 4032000 10 4.03

1976 1978 Equity Share 2.5 2.02 2016000 10 2.02

1973 1976 Equity Share 1.55 1.51 1512000 10 1.51

1970 1973 Equity Share 1.55 1.26 1260000 10 1.26

1969 1970 Equity Share 1.05 1.05 1050000 10 1.05

1967 1969 Equity Share 1 1 1000000 10 1

1964 1967 Equity Share 0.75 0.75 750000 10 0.75

1952 1964 Equity Share 0.75 0.75 75000 100 0.75

1951 1952 Equity Share 0.75 0.75 75000 100 0.75

1948 1951 Equity Share 0.5 0.5 50000 100 0.5

1925 1948 Equity Share 0.5 0.5 50000 100 0.5