Profit loss account
crores
Mar ' 09
Mar ' 08
Mar ' 07
Mar ' 06
Mar ' 05
1,226.07
1,111.29
844.28
584.25
488.35
Material consumed
272.85
207.84
157.34
135.13
111.61
Manufacturing expenses
320.15
256.72
224.85
183.43
178.91
69.16
55.94
34.90
30.98
27.82
214.28
194.26
136.52
90.52
80.62
38.86
45.07
34.65
22.60
20.48
Cost of sales
915.30
759.83
588.26
462.66
419.44
Operating profit
310.77
351.46
256.01
121.59
68.91
29.73
27.36
8.53
3.30
4.22
340.50
378.82
264.55
124.89
73.13
Financial expenses
49.51
53.96
43.89
22.31
7.20
Depreciation
69.11
58.54
44.33
53.07
48.95
0.74
221.88
266.33
176.33
49.52
16.24
48.09
26.93
0.71
0.80
-0.43
173.79
239.40
175.62
48.72
16.67
4.80
-16.41
2.35
2.67
5.13
0.69
0.14
4.07
4.25
Reported net profit
178.59
223.67
178.11
55.45
26.05
Earnigs before appropriation
255.70
283.71
217.16
21.36
-35.34
24.47
15.30
5.71
4.16
2.60
0.97
227.07
265.81
210.48
21.36
-35.34
Income
Operating income
Expenses
Personnel expenses
Selling expenses
Adminstrative expenses
Expenses capitalised
Other recurring income
Adjusted PBDIT
Other write offs
Adjusted PBT
Tax charges
Adjusted PAT
Non recurring items
Other non cash adjustments
Equity dividend
Preference dividend
Dividend tax
Retained earnings
Balance sheet
Mar ' 09
Mar ' 08
Mar ' 07
Mar ' 06
Mar ' 05
61.19
61.19
57.09
49.77
55.29
Share application money
4.00
Preference share capital
723.44
573.49
331.98
129.72
70.97
Secured loans
573.63
595.71
641.30
606.62
616.43
Unsecured loans
113.11
99.17
76.37
75.17
72.44
1,471.37
1,329.56
1,110.74
861.28
815.13
1,760.48
1,474.15
1,340.52
1,175.48
1,064.19
46.62
7.75
20.73
33.72
37.14
Less : accumulated depreciation
747.39
663.32
595.01
538.09
484.52
Net block
966.47
803.08
724.77
603.67
542.52
Capital work-in-progress
97.04
101.59
76.62
87.89
20.31
Investments
88.91
13.03
58.11
0.11
171.61
Current assets, loans & advances
707.97
707.16
479.17
330.81
170.59
Less : current liabilities & provisions
389.03
295.29
227.93
161.20
90.90
Total net current assets
318.94
411.86
251.24
169.61
79.69
1.01
1,471.36
1,329.56
1,110.74
861.28
815.13
Book value of unquoted investments
5.97
5.92
81.27
Market value of quoted investments
85.93
7.11
58.81
0.11
95.68
Contingent liabilities
184.31
135.77
53.77
143.23
20.08
Number of equity sharesoutstanding (Lacs)
611.79
611.79
570.77
497.56
553.10
Sources of funds
Owner's fund
Equity share capital
Reserves & surplus
Loan funds
Total
Uses of funds
Fixed assets
Gross block
Less : revaluation reserve
Net current assets
Miscellaneous expenses not written
Total
Notes:
Cash flow
Mar ' 09
Mar ' 08
Mar ' 07
Mar ' 06
Mar ' 05
Profit before tax
226.68
271.58
178.82
56.25
24.05
Net cashflow-operating activity
311.66
382.57
290.56
83.43
77.11
-265.56
-96.13
-205.59
-64.26
-16.97
Netcash used in fin. activity
-67.01
-89.54
53.61
-29.64
-48.21
Net inc/dec in cash and equivlnt
-20.91
196.91
138.58
-10.47
11.93
Cash and equivalnt begin of year
347.58
150.68
12.09
22.56
10.63
Cash and equivalnt end of year
326.67
347.58
150.68
12.09
22.56
Net cash used in investing activity
Capital structure
From
Year
To
Year
Class Of
Share
Authorized
Capital
Issued
Capital
Paid Up Shares
(Nos)
Paid Up Face
Value
Paid Up
Capital
2008
2009
Equity Share
125.00
61.18
61179462
10
61.18
2007
2008
Equity Share
125.00
61.18
61179462
10
61.18
2006
2007
Equity Share
125.00
57.08
57076962
10
57.08
2005
2006
Equity Share
125.00
49.76
49756162
10
49.76
2004
2005
Equity Share
125.00
55.31
55310302
10
55.31
2002
2004
Equity Share
125.00
55.31
55310302
10
55.31
2001
2002
Equity Share
125.00
49.66
49660302
10
49.66
2000
2001
Equity Share
125.00
49.66
49660302
10
49.66
1999
2000
Equity Share
125.00
49.66
49660302
10
49.66
1998
1999
Equity Share
125.00
49.66
49660302
10
49.66
1997
1998
Equity Share
100.00
49.66
49660302
10
49.66
1996
1997
Equity Share
100.00
54.40
44915710
10
44.92
1996
1997
Equity Share
100.00
54.40
4744592
1.42
1995
1996
Equity Share
100.00
44.93
44927855
10
44.93
1994
1995
Equity Share
95.00
44.93
44927855
10
44.93
1993
1994
Equity Share
95.00
33.84
33839455
10
33.84
1992
1993
Equity Share
95.00
19.06
19056228
10
19.06
1991
1992
Equity Share
95.00
10.14
10135861
10
10.14
1989
1990
Equity Share
17.50
10.14
10135861
10
10.14
1988
1989
Equity Share
17.50
10.14
10135861
10
10.14
1986
1988
Equity Share
17.50
10.14
10135861
10
10.14
1977
1986
Equity Share
17.50
4.84
4843686
10
4.84
1976
1977
Equity Share
8.00
4.01
4007984
10
4.01
1974
1976
Equity Share
3.75
3.39
3390000
10
3.39
1973
1974
Equity Share
3.75
3.39
3390000
10
3.39
1972
1973
Equity Share
3.50
2.26
2260000
10
2.26
1971
1972
Equity Share
3.50
2.26
2260000
10
2.26
1967
1971
Equity Share
3.00
1.96
1960000
10
1.96
1965
1967
Equity Share
3.00
1.40
1400000
10
1.40
1960
1965
Equity Share
3.00
1.40
1250000
0.63
1960
1965
Equity Share
3.00
1.40
150000
10
0.15
From
Year
To
Year
Class Of
Share
Authorized
Capital
Issued
Capital
Paid Up Shares
(Nos)
Paid Up Face
Value
Paid Up
Capital
1957
1960
Equity Share
3.00
0.15
150000
10
0.15
1949
1957
Equity Share
0.20
0.15
150000
10
0.15
1939
1949
Equity Share
0.20
0.08
74800
10
0.07
Share holding
Share holding pattern as on :
30/09/2009
30/06/2009
31/03/2009
10.00
10.00
10.00
Face value
No. Of Shares
% Holding
No. Of Shares
% Holding
No. Of Shares
% Holding
Promoter's holding
Indian Promoters
27203469
44.47
27842789
45.51
27931982
45.66
Sub total
27203469
44.47
27842789
45.51
27931982
45.66
Non promoter's holding
Institutional investors
Banks Fin. Inst. and Insurance
7645120
12.50
7712457
12.61
9416634
15.39
FII's
5485639
8.97
3779140
6.18
2600853
4.25
13808843
22.57
11540863
18.86
12027753
19.66
Sub total
Other investors
Private Corporate Bodies
5146703
8.41
5082017
8.31
4368615
7.14
NRI's/OCB's/Foreign Others
1308973
2.14
1391015
2.27
1400425
2.29
Govt
153115
0.25
153115
0.25
153115
0.25
Others
497777
0.81
497777
0.81
497777
0.81
7106568
11.62
7123924
11.64
6419932
10.49
13060582
21.35
14671886
23.98
14799796
24.19
Sub total
General public
Grand total
No. Of Shares
% Holding
No. Of Shares
% Holding
No. Of Shares
% Holding
61179462
100.00
61179462
100.00
61179463
100.00
Ratios
Mar ' 09
Mar ' 08
Mar ' 07
Mar ' 06
Mar ' 05
Adjusted EPS (Rs)
28.41
39.13
30.77
9.79
3.01
Adjusted cash EPS (Rs)
39.70
48.70
38.54
20.46
12.00
Reported EPS (Rs)
29.19
36.56
31.21
11.14
4.71
Reported cash EPS (Rs)
40.49
46.13
38.97
21.81
13.69
4.00
2.50
1.00
50.80
57.45
44.85
24.44
12.46
Book value (excl rev res) per share (Rs)
6.90
103.74
68.17
36.07
22.65
Book value (incl rev res) per share (Rs.)
6.90
105.01
71.80
42.85
29.36
Net operating income per share (Rs)
200.41
181.64
147.92
117.42
88.29
Free reserves per share (Rs)
114.32
89.81
51.97
19.06
8.30
Operating margin (%)
25.34
31.62
30.32
20.81
14.11
Gross profit margin (%)
19.71
26.35
25.07
11.72
4.08
Net profit margin (%)
14.22
19.64
20.88
9.43
5.28
Adjusted cash margin (%)
19.34
26.16
25.79
17.32
13.47
Adjusted return on net worth (%)
22.14
37.71
45.13
27.14
13.30
Reported return on net worth (%)
22.76
35.24
45.77
30.89
20.79
Return on long term funds (%)
18.52
24.19
20.08
8.35
2.92
Long term debt / Equity
0.86
1.09
1.82
3.79
5.35
Total debt/equity
0.87
1.09
1.84
3.80
5.46
53.32
47.73
35.15
20.83
15.48
0.69
0.75
0.62
0.49
0.45
Current ratio
1.82
2.39
2.10
2.05
1.88
Current ratio (inc. st loans)
1.76
2.30
1.93
2.01
1.44
Quick ratio
1.45
1.79
1.25
0.97
0.80
87.02
64.12
45.00
72.82
39.96
Per share ratios
Dividend per share
Operating profit per share (Rs)
Profitability ratios
Leverage ratios
Owners fund as % of total source
Fixed assets turnover ratio
Liquidity ratios
Inventory turnover ratio
Payout ratios
Mar ' 09
Mar ' 08
Mar ' 07
Mar ' 06
Mar ' 05
Dividend payout ratio (net profit)
16.03
8.00
3.75
Dividend payout ratio (cash profit)
11.55
6.34
3.00
Earning retention ratio
83.53
92.53
96.20
100.00
100.00
Cash earnings retention ratio
88.22
94.00
96.97
100.00
100.00
Adjusted cash flow time total debt
2.83
2.33
3.26
6.70
10.38
Financial charges coverage ratio
6.88
7.02
6.03
5.60
10.15
Fin. charges cov.ratio (post tax)
6.00
6.23
6.07
5.86
11.52
Material cost component (% earnings)
21.81
18.59
19.94
22.11
23.82
Selling cost Component
17.47
17.48
16.17
15.49
16.50
Exports as percent of total sales
0.54
Import comp. in raw mat. consumed
Long term assets / total Assets
0.61
0.56
0.64
0.67
0.81
Bonus component in equity capital (%)
2.59
2.59
2.78
3.19
3.19
Coverage ratios
Component ratios
