Hero Bajaj ratios

8/13/2019 Hero Bajaj ratios

1/42

Standalone Balance Sheet

All

amounts in

Crs

Dion Global

Solutions

Limited http://www.moneycontrol.com/stocks/company_info/print_m

Mar '13 Mar '12 Mar '11 Mar '10 Mar '09 Mar '08 Mar '07

12 mths 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths

Sources Of Funds

Total Share Capital 39.94 39.94 39.94 39.94 39.94 39.94 39.94Equity Share Capital 39.94 39.94 39.94 39.94 39.94 39.94 39.94

Share Application Money 0 0 0 0 0 0 0

Preference Share Capital 0 0 0 0 0 0 0

Reserves 4,966.30 4,249.89 2,916.12 3,425.08 3,760.81 2,946.30 2,430.12

Revaluation Reserves 0 0 0 0 0 0 0

Networth 5,006.24 4,289.83 2,956.06 3,465.02 3,800.75 2,986.24 2,470.06

Secured Loans 302.16 994.85 1,458.45 0 0 0 0

Unsecured Loans 0 0 32.71 66.03 78.49 132 165.17

Total Debt 302.16 994.85 1,491.16 66.03 78.49 132 165.17

Total Liabilities 5,308.40 5,284.68 4,447.22 3,531.05 3,879.24 3,118.24 2,635.23



Application Of Funds

Gross Block 4,427.29 6,308.26 5,538.46 2,750.98 2,516.27 1,938.78 1,800.63

Less: Accum. Depreciation 1,356.31 2,522.75 1,458.18 1,092.20 942.56 782.52 635.1

Net Block 3,070.98 3,785.51 4,080.28 1,658.78 1,573.71 1,156.26 1,165.53

Capital Work in Progress 62.09 193.95 125.14 48.14 120.54 408.49 189.92

Investments 3,623.83 3,964.26 5,128.75 3,925.71 3,368.75 2,566.82 1,973.87

Inventories 636.76 675.57 524.93 436.4 326.83 317.1 275.58

Sundry Debtors 665 272.31 130.59 108.39 149.94 297.44 335.25

Cash and Bank Balance 181.04 56.1 47.75 1,863.48 217.49 130.58 35.26

Total Current Assets 1,482.80 1,003.98 703.27 2,408.27 694.26 745.12 646.09

Loans and Advances 1,401.95 926.99 783.48 438.46 325.8 196.37 268.04Fixed Deposits 0 20.72 23.77 43.73 2.08 0.51 0.52

Total CA, Loans & Advances 2,884.75 1,951.69 1,510.52 2,890.46 1,022.14 942 914.65

Deffered Credit 0 0 0 0 0 0 0

Current Liabilities 2,893.39 3,520.66 5,316.40 3,965.69 1,678.93 1,455.57 1,171.50

Provisions 1,439.86 1,090.07 1,081.07 1,026.35 526.97 499.76 437.24

Total CL & Provisions 4,333.25 4,610.73 6,397.47 4,992.04 2,205.90 1,955.33 1,608.74

Net Current Assets -1,448.50 -2,659.04 -4,886.95 -2,101.58 -1,183.76 -1,013.33 -694.09

Miscellaneous Expenses 0 0 0 0 0 0 0

Total Assets 5,308.40 5,284.68 4,447.22 3,531.05 3,879.24 3,118.24 2,635.23

Contingent Liabilities 502 252.62 131.9 73.04 100.54 56.37 165.59

Book Value (Rs) 250.7 214.83 148.03 173.52 190.33 149.55 123.7
http://www.moneycontrol.com/stocks/company_info/print_main.phphttp://www.moneycontrol.com/stocks/company_info/print_main.php


2/42


3/42

lue


4/42

Standalone Profit & Loss account

All

amounts in

Crs

Dion Global

Solutions

Limited http://www.moneycontrol.com/stocks/company_i

Mar '13 Mar '12 Mar '11 Mar '10 Mar '09 Mar '08

12 mths 12 mths 12 mths 12 mths 12 mths 12 mths

Income

Sales Turnover 23,768.11 25,252.98 20,787.27 16,856.43 13,553.23 12,048.30

Excise Duty 0 1,666.18 1,420.30 1,016.85 1,227.85 1,703.29

Net Sales 23,768.11 23,586.80 19,366.97 15,839.58 12,325.38 10,345.01

Other Income 398.38 347.46 238.27 290.69 222.14 216.3

Stock Adjustments 0 94.03 27 -11.54 22.09 -14.14

Total Income 24,166.49 24,028.29 19,632.24 16,118.73 12,569.61 10,547.17

Expenditure

Raw Materials 17,470.73 17,485.65 14,236.45 10,822.99 8,842.14 7,465.36

Power & Fuel Cost 129.18 112.66 100.47 81.05 73.7 56.55

Employee Cost 820.92 735.52 618.95 560.32 448.65 383.45

Other Manufacturing Expenses 0 51.62 409.89 454.36 354.08 304.11

Selling and Admin Expenses 0 1,257.84 1,090.72 885.03 669.98 563.27

Miscellaneous Expenses 2,025.33 389.52 340.42 280.64 205.9 190.36

Preoperative Exp Capitalised 0 0 0 0 0 0Total Expenses 20,446.16 20,032.81 16,796.90 13,084.39 10,594.45 8,963.10



Operating Profit 3,321.95 3,648.02 2,597.07 2,743.65 1,753.02 1,367.77

PBDIT 3,720.33 3,995.48 2,835.34 3,034.34 1,975.16 1,584.07

Interest 11.91 33.43 28.2 11.14 13.04 13.47

PBDT 3,708.42 3,962.05 2,807.14 3,023.20 1,962.12 1,570.60

Depreciation 1,141.75 1,097.34 402.38 191.47 180.66 160.32

Other Written Off 0 0 0 0 0 0

Profit Before Tax 2,566.67 2,864.71 2,404.76 2,831.73 1,781.46 1,410.28Extra-ordinary items 0 0 0 0 0 0

PBT (Post Extra-ord Items) 2,566.67 2,864.71 2,404.76 2,831.73 1,781.46 1,410.28

Tax 411.04 486.58 476.86 599.9 499.7 442.4

Reported Net Profit 2,118.18 2,378.13 1,927.90 2,231.83 1,281.76 967.88

Total Value Addition 2,975.43 2,547.16 2,560.45 2,261.40 1,752.31 1,497.74

Preference Dividend 0 0 0 0 0 0

Equity Dividend 1,198.13 898.59 2,096.72 2,196.56 399.38 379.41

Corporate Dividend Tax 203.62 145.77 340.14 371 67.87 64.48

Per share data (annualised)

Shares in issue (lakhs) 1,996.88 1,996.88 1,996.88 1,996.88 1,996.88 1,996.88

Earning Per Share (Rs) 106.07 119.09 96.55 111.77 64.19 48.47

Equity Dividend (%) 3,000.00 2,250.00 5,250.00 5,500.00 1,000.00 950Book Value (Rs) 250.7 214.83 148.03 173.52 190.33 149.55


5/42

nfo/print_main.php

Mar '07 Mar '06 Mar '05 Mar '04

12 mths 12 mths 12 mths 12 mths

11,553.47 10,097.17 8,606.62 6,754.47 23,768.11 25,252.98 20,787.27 16,856.43

1,647.52 1,377.96 1,178.22 916.33 23,768.11 25,252.98 20,787.27

9,905.95 8,719.21 7,428.40 5,838.14 -6.25% 17.68% 18.91%

197.68 160.46 138.2 166.62

3.2 14.97 14.95 -21.59

10,106.83 8,894.64 7,581.55 5,983.17

7,255.66 6,142.78 5,276.42 4,055.36

52.45 46.65 32.88 29.75

353.81 320.61 267.97 275.52

280.17 238.39 177.46 106.72

558.99 446.98 358.03 277.96

206.11 156.79 144.4 68.71

0 0 0 08,707.19 7,352.20 6,257.16 4,814.02

Mar '07 Mar '06 Mar '05 Mar '04


1,201.96 1,381.98 1,186.19 1,002.53

1,399.64 1,542.44 1,324.39 1,169.15

13.76 15.58 17.76 22.95

1,385.88 1,526.86 1,306.63 1,146.20

139.78 114.62 89.38 73.33

0 0 0 0.7

1,246.10 1,412.24 1,217.25 1,072.170 0 0 0.29

1,246.10 1,412.24 1,217.25 1,072.46

388.21 440.9 406.78 344.14

857.89 971.34 810.47 728.32

1,451.53 1,209.42 980.74 758.66

0 0 0 0

339.47 399.38 399.38 399.38

57.69 56.01 56.52 51.16

1,996.88 1,996.88 1,996.88 1,996.88

42.96 48.64 40.59 36.47

850 1,000.00 1,000.00 1,000.00123.7 100.62 74.79 57.03


6/42

13,553.23 12,048.30 11,553.47 10,097.17

16,856.43 13,553.23 12,048.30 11,553.47 10,097.17

19.60% 11.10% 4.11% 12.60% 100.00%


7/42

Cash Flow

All

amounts in

Crs

Mar '13 Mar '12 Mar '11 Mar '10


Net Profit Before Tax 2529.2 2864.71 2404.76 2831.73

Net Cash From Operating Activities 1890.43 2359.78 2288.11 2686.64

Net Cash (used in)/from

Investing Activities

Net Cash (used in)/from Financing Activities -1056.27 -2458.16 -989.18 -2109.31

Net (decrease)/increase In Cash and Cash Equivalents 101.22 -5.59 -23.38 49.7

Opening Cash & Cash Equivalents 33.73 39.32 62.61 13.45

Closing Cash & Cash Equivalents 134.95 33.73 39.23 63.15

-732.94 92.79 -1322.31 -527.63


8/42



1781.46 1410.28 1246.1 1412.24 1217.25 1072.46

1359.03 1211.78 625.05 936.08 746.83 972.93

-499.93 -432.33 -474.34 -471.23 -203.51 -583.63

-2.09 -1.56 -122.42 141.36 -19.53 12.92

15.19 16.66 158.72 17.6 37.12 24.33

13.1 15.1 36.3 158.96 17.59 37.25

-861.19 -781.01 -273.13 -323.49 -562.85 -376.38


9/42

Authorized Capital Issued Capital

From To (Rs. cr) (Rs. cr) Shares (nos) Face Value Capital

2012 2013 Equity Share 50 39.94 199687500 2 39.94

2011 2012 Equity Share 50 39.94 199687500 2 39.94

2010 2011 Equity Share 50 39.94 199687500 2 39.94

2009 2010 Equity Share 50 39.94 199687500 2 39.942008 2009 Equity Share 50 39.94 199687500 2 39.94

2007 2008 Equity Share 50 39.94 199687500 2 39.94

2006 2007 Equity Share 50 39.94 199687500 2 39.94

2005 2006 Equity Share 50 39.94 199687500 2 39.94

2004 2005 Equity Share 50 39.94 199687500 2 39.94

2003 2004 Equity Share 50 39.94 199687500 2 39.94

2002 2003 Equity Share 50 39.94 199687500 2 39.94

2001 2002 Equity Share 50 39.94 199687500 2 39.94

2000 2001 Equity Share 50 39.94 199687500 2 39.94


1992 1994 Equity Share 22 15.98 15975000 10 15.98

1991 1992 Equity Share 20 15.98 15975000 10 15.98

1990 1991 Equity Share 20 15.98 15975000 10 15.98

1989 1990 Equity Share 20 15.97 15974150 10 15.97

1987 1988 Equity Share 20 15.98 15975000 10 15.98

1986 1987 Equity Share 20 15.6 15600000 10 15.6

1984 1985 Equity Share 20 12 12000000 10 12

Capital Structure (Hero Motocorp)

Period Instrument - P A I D U P -


10/42

Standalone Balance Sheet

All

amounts in

Crs

Dion Global

Solutions

Limited http://www.moneycontrol.com/stocks/company_info/print_m



Sources Of Funds

Total Share Capital 289.37 289.37 289.37 144.68 144.68 144.68 101.18Equity Share Capital 289.37 289.37 289.37 144.68 144.68 144.68 101.18

Share Application Money 0 0 0 0 0 0 0

Preference Share Capital 0 0 0 0 0 0 0

Reserves 7,612.58 5,751.70 4,620.85 2,783.66 1,725.01 1,442.91 5,433.14

Revaluation Reserves 0 0 0 0 0 0 0

Networth 7,901.95 6,041.07 4,910.22 2,928.34 1,869.69 1,587.59 5,534.32

Secured Loans 0 0 23.53 12.98 0 6.95 22.46

Unsecured Loans 71.27 97.48 301.62 1325.6 1570 1327.39 1602.97

Total Debt 71.27 97.48 325.15 1338.58 1570 1334.34 1625.43

Total Liabilities 7,973.22 6,138.55 5,235.37 4,266.92 3,439.69 2,921.93 7,159.75



Application Of Funds

Gross Block 3,828.85 3,425.94 3,395.16 3,379.25 3,350.20 2,994.68 3,178.54

Less: Accum. Depreciation 2,024.42 1,914.33 1,912.45 1,899.66 1807.91 1726.07 1904.94

Net Block 1,804.43 1,511.61 1,482.71 1,479.59 1,542.29 1,268.61 1,273.60

Capital Work in Progress 293.55 343.15 149.34 120.84 106.48 34.74 107.62

Investments 6,430.48 4,882.81 4,795.20 4,021.52 1,808.52 1,857.14 6,447.53

Inventories 636.28 678.53 547.28 446.21 338.84 349.61 309.7

Sundry Debtors 0 423.2 362.76 272.84 358.65 275.31 529.83

Cash and Bank Balance 558.86 446.49 155.45 100.20 135.68 54.74 62.16

Total Current Assets 1,195.14 1,548.22 1065.49 819.25 833.17 679.66 901.69

Loans and Advances 1,987.44 1744.82 3891.66 2291.29 1567.09 1099.68 2925.24Fixed Deposits 0 1208.36 401.04 1.21 1.19 1.33 21.32

Total CA, Loans & Advances 3,182.58 4,501.40 5,358.19 3,111.75 2,401.45 1780.67 3848.25

Deffered Credit 0 0 0 0 0 0 0

Current Liabilities 668.22 2,925.53 2,624.35 2,218.06 1,378.20 1,185.19 1,683.46

Provisions 1,742.47 2,174.89 3,925.72 2,248.72 1224.15 834.04 2833.79

Total CL & Provisions 2,410.69 5,100.42 6,550.07 4,466.78 2,602.35 2,019.23 4,517.25

Net Current Assets 771.89 -599.02 -1,191.88 -1,355.03 -200.90 -238.56 -669

Miscellaneous Expenses 0 0 0 0 183.3 0 0

Total Assets 9,300.35 6,138.55 5,235.37 4,266.92 3,439.69 2,921.93 7,159.75

Contingent Liabilities 1252.99 1445.67 959.66 818.25 924.96 1129.29 811.66

Book Value (Rs) 273.08 208.77 169.69 202.4 129.23 109.73 546.96


11/42

in.php

Mar '06

12 mths

101.18101.18

0

0

4,669.55

0

4,770.73

0.02

1467.13

1467.15

6,237.88

Mar '06

12 mths

2,894.22 402.91 11.76% 566.88

1761.22

1133

43.33

5,856.97

272.93

301.55

80.84

655.32

2282.981.25

2939.55

0

1,419.08

2315.89

3,734.97

-795.42

0

6,237.88

719.06

471.49


12/42

Standalone Profit & Loss account

All

amounts in

Crs

Dion Global

Solutions

Limited http://www.moneycontrol.com/stocks/company_i



Income

Sales Turnover 19,997.25 20,475.74 17,386.51 12,420.95 9,310.24 9,856.66

Excise Duty 0 959.09 934.71 607.70 610.07 1,029.51

Net Sales 19,997.25 19,516.65 16,451.80 11,813.25 8,700.17 8,827.15

Other Income 795.49 413.66 1176 22.5 -6.2 170.27

Stock Adjustments -24 94.15 82.79 47.6 -24.49 67.85

Total Income 20,768.74 20,024.46 17,710.59 11,883.35 8,669.48 9,065.27

Expenditure

Raw Materials 14,761.83 14,580.24 11,965.30 8,187.11 6,502.10 6,760.04

Power & Fuel Cost 121.33 101.85 86.61 70.35 60.89 69.2

Employee Cost 639.48 541.04 494.33 411.76 366.67 350.09

Other Manufacturing Expenses 0 73.76 61.77 57.54 57.08 53.72

Selling and Admin Expenses 0 364.06 517.27 407.61 381.73 390.15

Miscellaneous Expenses 815.36 263.37 168.53 221.94 225.56 209.63

Preoperative Exp Capitalised 0 -49.43 -16.66 -15.67 -14.42 -23.04Total Expenses 16,338.00 15,874.89 13,277.15 9,340.64 7,579.61 7,809.79



Operating Profit 3,635.25 3,735.91 3,257.44 2,520.21 1,096.07 1,085.21

PBDIT 4,430.74 4,149.57 4,433.44 2,542.71 1,089.87 1,255.48

Interest 0.54 22.24 1.69 5.98 21.01 5.16

PBDT 4,430.20 4,127.33 4,431.75 2,536.73 1,068.86 1,250.32

Depreciation 163.97 145.62 122.84 136.45 129.79 173.96

Other Written Off 0 2.14 2.14 0 0 1.12

Profit Before Tax 4,266.23 3,979.57 4,306.77 2,400.28 939.07 1,075.24Extra-ordinary items 0 46.6 46.77 26.87 18.72 59.32

PBT (Post Extra-ord Items) 4,266.23 4,026.17 4,353.54 2,427.15 957.79 1,134.56

Tax 1222.66 1022.12 1011.02 710.12 301.61 378.78

Reported Net Profit 3,043.57 3,004.05 3,339.73 1,702.73 656.48 755.95

Total Value Addition 1,576.17 1,294.65 1,311.85 1,153.53 1,077.51 1,049.75

Preference Dividend 0 0 0 0 0 0

Equity Dividend 1,302.15 1302.15 1,157.47 578.73 318.3 289.37

Corporate Dividend Tax 221.3 211.24 187.77 96.12 54.1 49.18

Per share data (annualised)

Shares in issue (lakhs) 2,893.67 2,893.67 2,893.67 1,446.84 1,446.84 1,446.84

Earning Per Share (Rs) 105.18 103.81 115.42 117.69 45.37 52.25

Equity Dividend (%) 450.00 450.00 400.00 400.00 220.00 200Book Value (Rs) 273.08 208.77 169.69 202.4 129.23 109.73


13/42

nfo/print_main.php

Mar '07 Mar '06

12 mths 12 mths

10,741.91 8,653.83 19,997.25 20,475.74 17,386.51 12,420.95 9,310.24 9,856.66

1,321.67 1,081.70 19,997.25 20,475.74 17,386.51 12,420.95 9,310.24

9,420.24 7,572.13 -2.39% 15.09% 28.56% 25.04% -5.87%

567.16 458.96

-0.9 49.01

9,986.50 8,080.10

6,969.50 5,446.62

79.34 59.09

310.07 282.45

74.53 79.5

457.17 299.99

230.89 198.52

-32.05 -24.818,089.45 6,341.36

Mar '07 Mar '06

12 mths 12 mths

1,329.89 1,279.78

1,897.05 1,738.74

5.34 0.34

1,891.71 1,738.40

190.26 191

0.39 3.62

1,701.06 1,543.7826.6 59.03

1,727.66 1,602.81

490.09 479.11

1237.96 1101.63

1,119.95 894.74

0 0

404.73 404.74

68.78 56.76

1,011.84 1,011.84

122.35 108.87

400 400.00546.96 471.49


14/42

10,741.91 8,653.83

9,856.66 10,741.91

-8.98% 19.44%


15/42

Cash Flow

All

amounts in

Crs

Mar '13 Mar '12 Mar '11 Mar '10


Net Profit Before Tax 4266.23 4026.17 4350.75 2411.13

Net Cash From Operating Activities 2134.37 2959.91 2013.72 2737.11

Net Cash (used in)/from

Investing Activities

Net Cash (used in)/from Financing Activities -1479.08 -1564.38 -862 -608.95

Net (decrease)/increase In Cash and Cash Equivalents -622.47 950.09 55.08 -35.46

Opening Cash & Cash Equivalents 1172.75 228.74 101.41 136.87

Closing Cash & Cash Equivalents 550.28 1178.83 156.49 101.41

-1277.76 -445.44 -1096.64 -2163.62


16/42

Mar '09 Mar '07 Mar '06

12 mths 12 mths 12 mths

958.09 1728.05 1580.74

411.49 681.73 1072.62

-123.03 -250.35 -11.68

80.8 1.39 -26.6

56.07 82.09 108.69

136.87 83.48 82.09

-207.66 -429.99 -1087.54


17/42

Authorized Capital Issued Capital

From To (Rs. cr) (Rs. cr) Shares (nos) Face Value Capital

2012 2013 Equity Share 300 289.37 289367020 10 289.37

2011 2012 Equity Share 300 289.37 289367020 10 289.37

2010 2011 Equity Share 300 289.37 289367020 10 289.37


2007 2008 Equity Share 150 144.68 144683510 10 144.68

2006 2007 Equity Share 150 101.18 101183510 10 101.18

2005 2006 Equity Share 150 101.18 101183510 10 101.18

Capital Structure (Bajaj Auto)

Period Instrument - P A I D U P -


18/42

Key Financial Ratios

All

amounts in

Crs

Dion Global

Solutions

Limited http://www.moneycontrol.com/stock

Mar '13 Mar '12 Mar '11 Mar '10 Mar '09

Investment Valuation Ratios

Dividend Per Share 60 45 105 110 20

Operating Profit Per Share (Rs) 166.36 182.69 130.06 137.4 87.79

Net Operating Profit Per Share (Rs) 1,190.27 1,181.19 969.86 793.22 617.23

Free Reserves Per Share (Rs) -- 212.83 146.03 171.52 188.33

Bonus in Equity Capital 59.98 59.98 59.98 59.98 59.98

Profitability Ratios

Operating Profit Margin(%) 13.97 15.46 13.4 17.32 14.22

Profit Before Interest And Tax Margin(%) 9.02 10.77 11.26 16.01 12.64

Gross Profit Margin(%) 9.17 10.81 11.33 16.11 12.75

Cash Profit Margin(%) 13.64 13.56 11.36 14 10.84

Adjusted Cash Margin(%) 13.64 13.56 11.36 14 10.84

Net Profit Margin(%) 8.76 10.04 9.89 14 10.3

Adjusted Net Profit Margin(%) 8.76 10.04 9.89 14 10.3

Return On Capital Employed(%) 48.57 49.83 52.13 75.07 43.33Return On Net Worth(%) 42.31 55.43 65.21 64.41 33.72

Adjusted Return on Net Worth(%) 43.05 49.27 61.34 58.87 30.73

Return on Assets Excluding Revaluations 250.7 214.83 148.03 173.52 190.33

Return on Assets Including Revaluations 250.7 214.83 148.03 173.52 190.33

Return on Long Term Funds(%) 48.57 49.83 52.13 75.07 43.33

Liquidity And Solvency Ratios

Current Ratio 0.67 0.42 0.24 0.58 0.46

Quick Ratio 0.52 0.28 0.15 0.49 0.31

Debt Equity Ratio 0.06 0.23 0.5 0.02 0.02

Long Term Debt Equity Ratio 0.06 0.23 0.5 0.02 0.02

Debt Coverage RatiosInterest Cover 216.51 123.65 146.73 1,262.36 664.4

Total Debt to Owners Fund 0.06 0.23 0.5 0.02 0.02

Financial Charges Coverage Ratio 312.37 111.61 96.48 255.15 142.76

Financial Charges Coverage Ratio Post Tax 274.71 104.96 83.63 218.53 113.15

Management Efficiency Ratios

Inventory Turnover Ratio 37.33 40.84 43.88 42.8 47.53

Debtors Turnover Ratio 50.72 117.09 162.08 122.63 55.1

Investments Turnover Ratio 37.33 40.84 43.88 42.8 47.53

Fixed Assets Turnover Ratio 7.32 4.05 3.7 6.29 5.34

Total Assets Turnover Ratio 5.76 4.91 4.68 4.8 3.36

Asset Turnover Ratio 4.49 4.85 4.85 4.28 3.52

Average Raw Material Holding -- 8.81 9.53 10.78 8.27

Average Finished Goods Held -- 2.84 1.52 1.22 2.16

Number of Days In Working Capital -21.24 -40.58 -90.84 -47.76 -34.58

Profit & Loss Account Ratios

Material Cost Composition 73.5 74.13 73.5 68.32 71.73

Imported Composition of Raw Materials Consumed 5.79 3.92 4.22 1.66 0.79

Selling Distribution Cost Composition -- 4.08 4.47 4.8 4.72

Expenses as Composition of Total Sales 2.62 2.54 2.29 2.13 2.01


19/42

Cash Flow Indicator Ratios

Dividend Payout Ratio Net Profit 66.17 43.91 126.39 115.04 36.45

Dividend Payout Ratio Cash Profit 42.99 30.04 104.57 105.95 31.95

Earning Retention Ratio 34.98 50.59 -34.38 -25.86 60.01

Cash Earning Retention Ratio 57.49 67.48 -9.98 -15.06 65.36

AdjustedCash Flow Times 0.09 0.31 0.67 0.03 0.06


Earnings Per Share 106.07 119.09 96.55 111.77 64.19

Book Value 250.7 214.83 148.03 173.52 190.33


20/42

s/company_info/print_main.php


19 17 20 20 20

68.5 60.19 69.21 59.4 50.2

518.06 496.07 436.64 372 292.36

147.55 121.7 98.62 72.79 55.03

59.98 59.98 59.98 59.98 59.98

13.22 12.13 15.84 15.96 17.17

11.57 10.63 14.44 14.68 15.77

11.67 12.85 16.35 16.4 17.88

9.59 9.98 12.37 12.04 13.6

9.59 8.84 11.19 10.74 11.68

9.27 8.58 11.06 10.85 12.36

9.27 7.44 9.88 9.54 10.42

41.57 43.48 60.31 67.12 74.732.41 34.73 48.34 54.27 63.95

28.14 30.11 43.16 47.76 53.92

149.55 123.7 100.62 74.79 57.03

149.55 123.7 100.62 74.79 57.03

41.57 43.48 60.31 67.12 74.7

0.48 0.57 0.49 0.35 0.38

0.32 0.4 0.35 0.22 0.24

0.04 0.07 0.09 0.14 0.15

0.04 0.07 0.09 0.14 0.15

648.15 711.75 453.39 589.56 570.47

0.04 0.07 0.09 0.14 0.15

108.14 93.44 92.33 69.1 45.98

84.76 73.51 70.7 51.67 35.96

42.82 36.25 38.74 36.57 31.3

32.7 40.11 70.26 111.41 63.02

42.82 47.48 50.65 47.59 41.05

5.89 9.54 11.41 12.32 11.23

3.52 3.99 4.2 4.54 4.58

3.6 4.1 4.48 4.94 5.06

10.69 8.46 7.96 8.94 11.42

1.87 2.49 2.99 2.69 2.37

-35.26 -25.22 -35.52 -50.73 -51.82

72.16 73.24 70.45 71.03 69.46

0.67 1.1 1.69 2.32 3.18

4.86 5.11 4.63 4.26 4.26

2.35 2.66 2.9 2.44 2.02


21/42

45.86 46.29 46.88 56.25 61.86

39.34 39.8 41.93 50.66 56.15

47.19 46.62 47.51 36.09 26.64

55.65 55.06 53.63 43.21 34.53

0.13 0.19 0.19 0.25 0.25


48.47 42.96 48.64 40.59 36.47

149.55 123.7 100.62 74.79 57.03


22/42

Key Financial Ratios

All

amounts in

Crs

Dion Global

Solutions

Limited http://www.moneycontrol.com/stock



Dividend Per Share 45 45 40 40 22

Operating Profit Per Share (Rs) 125.63 129.11 112.47 173.02 75.64

Net Operating Profit Per Share (Rs) 691.07 674.46 568.54 816.49 601.32

Free Reserves Per Share (Rs) -- 198.77 158.97 190.09 106.56

Bonus in Equity Capital 89.45 89.45 89.45 78.91 78.91


Operating Profit Margin(%) 18.17 19.14 19.78 21.19 12.57

Profit Before Interest And Tax Margin(%) 16.69 18.06 18.57 19.78 10.88

Gross Profit Margin(%) 17.35 18.39 19.03 20.03 11.08

Cash Profit Margin(%) 15.42 15.33 15.71 16.2 10.55

Adjusted Cash Margin(%) 15.42 15.33 15.71 16.2 10.55

Net Profit Margin(%) 14.63 15.11 19.8 14.23 7.4

Adjusted Net Profit Margin(%) 14.63 15.11 19.8 14.23 7.4

Return On Capital Employed(%) 53.51 64.24 67.57 59.01 32.8Return On Net Worth(%) 38.51 49.72 68.01 58.14 38.92

Adjusted Return on Net Worth(%) 38.51 47.99 51.42 61.53 47.78

Return on Assets Excluding Revaluations 273.08 208.77 169.69 202.4 116.56

Return on Assets Including Revaluations 273.08 208.77 169.69 202.4 116.56

Return on Long Term Funds(%) 53.51 64.24 69.67 59.19 35.36


Current Ratio 1.32 0.88 0.8 0.69 0.84

Quick Ratio 1.06 0.72 0.71 0.55 0.73


Long Term Debt Equity Ratio 0.01 0.02 0.03 0.45 0.71

Debt Coverage RatiosInterest Cover 7901.43 177.33 2093.39 421.06 53.71

Total Debt to Owners Fund 0.01 0.02 0.07 0.46 0.84

Financial Charges Coverage Ratio 8205.07 183.98 2167.34 443.88 59.89

Financial Charges Coverage Ratio Post Tax 5940.89 142.72 2051.12 308.56 38.42





Fixed Assets Turnover Ratio 5.22 5.75 4.85 3.5 2.6

Total Assets Turnover Ratio 2.15 3.19 3.14 2.77 2.53


Average Raw Material Holding -- 5.97 5.58 7.91 6.39

Average Finished Goods Held -- 9.44 9.18 9.13 9.97

Number of Days In Working Capital 13.9 -11.05 -26.08 -41.29 -8.31

Profit & Loss Account Ratios

Material Cost Composition 73.81 74.7 72.72 69.3 74.73

Imported Composition of Raw Materials Consumed 4.64 4.4 4.06 3.59 2.35

Selling Distribution Cost Composition -- 1.38 2.71 3.23 3.97

Expenses as Composition of Total Sales 32.83 33.95 27.74 27.67 30.82


23/42

Cash Flow Indicator Ratios

Dividend Payout Ratio Net Profit 50.05 50.37 40.27 39.63 56.72

Dividend Payout Ratio Cash Profit 47.49 48.01 38.82 36.69 47.36

Earning Retention Ratio 49.95 47.81 46.73 62.55 53.79

Cash Earning Retention Ratio 52.51 50.34 49.24 65.19 60.2

AdjustedCash Flow Times 0.02 0.03 0.12 0.69 1.68



Book Value 273.08 208.77 169.69 202.4 129.23


24/42

s/company_info/print_main.php

Mar '08 Mar '07 Mar '06

20 40 40

75.01 131.39 126.44

610.1 931.01 748.36

99.73 535.16 459.69

78.91 112.84 112.84

12.29 14.11 16.89

10.03 11.65 13.7

10.32 12.09 14.37

10.48 12.18 14.73

10.48 12.18 14.73

8.32 12.66 13.86

8.32 12.66 13.86

39.71 20.9 23.3247.61 22.36 23.09

48.91 18.09 20.45

109.73 546.96 471.49

109.73 546.96 471.49

39.71 20.97 23.32

0.88 0.84 0.79

0.64 0.76 0.69

0.84 0.29 0.31

0.84 0.29 0.31

224.91 280.28 4280.03

0.84 0.29 0.31

258.84 315.98 4852.44

181.43 268.53 3813.5

29.33 36.88 34.14

21.93 22.66 --

29.33 36.88 34.14

2.95 2.96 2.62

3.02 1.32 1.21

1.75 1.41 2.62

5.24 5.08 4.89

10.73 8.14 8.12

-9.73 -25.57 -37.82

76.58 73.98 71.92

2.37 5.56 4.58

3.98 4.45 3.41

23.53 18.36 12.46


25/42

44.78 38.24 41.89

36.36 33.14 35.6

56.41 52.71 52.71

64.43 60.28 60.57

1.4 1.36 1.25

Mar '08 Mar '07 Mar '06

52.25 122.35 108.87

109.73 546.96 471.49


26/42


Networth 5,006.24 4,289.83 2,956.06 3,465.02 3,800.75

Reserves 4,966.30 4,249.89 2,916.12 3,425.08 3,760.81




Gross Profit Margin(%) 9.17 10.81 11.33 16.11 12.75Return On Capital Employed(%) 48.57 49.83 52.13 75.07 43.33


Current Ratio 0.67 0.42 0.24 0.58 0.46

Quick Ratio 0.52 0.28 0.15 0.49 0.31


Debt Coverage Ratios

Interest Cover 216.51 123.65 146.73 1,262.36 664.4






0

20

40

60

80

100

120

140

Mar '13 Mar '12 Mar '11 Mar '10 Mar '09 Mar '08 Mar '07 Mar '06

EPS

30

40

50

60

70

80

%

ROCE


27/42

0

10


0

0.1

0.2

0.3

0.4

0.5

0.6

0.7

0.8

0.9


Debt Equity Ratio

0

0.2

0.4

0.6

0.8

1

1.2

1.4


Current Ratio


28/42

Mar '08 Mar '07 Mar '06 Mar '13 Mar '12 Mar '11 Mar '10 Mar '09 Mar '08

2,986.24 2,470.06 2,009.33 7,901.95 6,041.07 4,910.22 2,928.34 1,869.69 1,587.59

2,946.30 2,430.12 1,969.39 7,612.58 5,751.70 4,620.85 2,783.66 1,725.01 1,442.91

48.47 42.96 48.64 105.18 103.81 115.42 117.69 45.37 52.25

11.67 12.85 16.35 17.35 18.39 19.03 20.03 11.08 10.3241.57 43.48 60.31 53.51 64.24 67.57 59.01 32.8 39.71

0.48 0.57 0.49 1.32 0.88 0.8 0.69 0.84 0.88

0.32 0.4 0.35 1.06 0.72 0.71 0.55 0.73 0.64

0.04 0.07 0.09 0.01 0.02 0.07 0.46 0.84 0.84

648.15 711.75 453.39 7901.43 177.33 2093.39 421.06 53.71 224.91

42.82 36.25 38.74 31.43 30.97 32.8 28.87 28.64 29.33

32.7 40.11 70.26 94.51 49.66 51.77 37.41 27.45 21.93

42.82 47.48 50.65 31.43 30.97 32.8 28.87 28.64 29.33

3.6 4.1 4.48 2.59 3.43 3.46 3.07 2.74 1.75

0

5

10

15

20

25


%

Gross Profit Margin

2

3

4

5

6

Turnover / Assets


29/42

0

1


0

5

10

15

20

25

30

35

40

45

50


Inventory Turnover


30/42

Mar '07 Mar '06

5,534.32 4,770.73

5,433.14 4,669.55

122.35 108.87

12.09 14.3720.9 23.32

0.84 0.79

0.76 0.69

0.29 0.31

280.28 4280.03

36.88 34.14

22.66 --

36.88 34.14

1.41 2.62


31/42

YE 2012

PBT 28,646

Depreciation 10,973

Interest 3,674

Chng in working capital -6,906

Tax paid 5,827

Other operating activities -18,617Cash flow from operations (a) 23,597

tax rate 41.62%

Capital expenditure 5,651

Chng in investments 19,295

Cash flow from investing (b) 929

Free cash flow (a+b) 24,525

Inc/dec in borrowings 0

Dividend paid (incl. tax) -24,369

Other financing activities -213

Cash flow from financing -24,582

Net chng in cash (a+b+c) -56

Closing cash & cash equiv 336

FCFE 17,946

FCFF 20,150

WACC 15.13%

Growth 0%

Terminal Value (Firm) 95,344

Valuation in crores 107,110

Debt in crores 302

Equity in crores 106,808

no.of Shares 199,687,500

Value per Share 5,349


32/42

2013 2014E 2015E

25,292 30,788 42,937

11,418 11,313 4,011

4,002 0 0

-7,872 -12,889 -7,130

6,133 8,005 11,593

-20,068 -15,400 -22,986 22,81918,904 21,817 28,425

62.13% 41.10% 29.78%

6,076 11,379 14,000 0

10,074 2,400 2,400

-7,329 -8,979 -11,600

11,575 12,838 16,825

0 -750 -750

-10,444 -8,900 -8,900

-119 -150 -200

-10,563 -9,800 -9,850

1,012 3,038 6,975

1,349 4,387 11,362

12,828 9,688 13,675

15,229 10,438 14,425

2%

112,065

119,726

302

119,423

199,687,500

5,981


33/42

Company Head Year Value

Hero Net Income 2013 2,118.18

Hero EBT 2013 2,566.67

Hero EBIT 2013 2,578.58

Hero Sales 2013 23,768.11

Hero Assets 2013 5,308.40

Hero Equity 2013 5,006.24Bajaj Net Income 2013 3,043.57

Bajaj EBT 2013 4,266.23

Bajaj EBIT 2013 4,266.77

Bajaj Sales 2013 19,997.25

Bajaj Assets 2013 9,300.35

Bajaj Equity 2013 7,901.95

Hero Tax Burden 2013 0.825264

Hero Interest Burden 2013 0.995381

Hero EBIT Margin 2013 0.108489

Hero Asset Turnover 2013 4.477453

Hero Fin. Lev. 2013 1.060357

Hero ROE 2013 0.423108

Bajaj Tax Burden 2013 0.71341

Bajaj Interest Burden 2013 0.999873

Bajaj EBIT Margin 2013 0.213368

Bajaj Asset Turnover 2013 2.150161

Bajaj Fin. Lev. 2013 1.176969

Bajaj ROE 2013 0.385167


Hero EBT 2012 2,864.71

Hero EBIT 2012 2,898.14Hero Sales 2012 25,252.98


Hero Equity 2012 4,289.83

Bajaj Net Income 2012 3,004.05

Bajaj EBT 2012 3,979.57

Bajaj EBIT 2012 4,003.95

Bajaj Sales 2012 20,475.74







Hero Fin. Lev. 2012 1.231909

Hero ROE 2012 0.554365






34/42

Bajaj Fin. Lev. 2012 1.016136

Bajaj ROE 2012 0.497271


Hero EBT 2011 2,404.76

Hero EBIT 2011 2,432.96

Hero Sales 2011 20,787.27

Hero Assets 2011 4,447.22Hero Equity 2011 2,956.06


Bajaj EBT 2011 4,306.77

Bajaj EBIT 2011 4,310.60

Bajaj Sales 2011 17,386.51







Hero Fin. Lev. 2011 1.504442

Hero ROE 2011 0.652186





Bajaj Fin. Lev. 2011 1.066219

Bajaj ROE 2011 0.680159


Hero EBT 2010 2,831.73Hero EBIT 2010 2,842.87

Hero Sales 2010 16,856.43




Bajaj EBT 2010 2,400.28

Bajaj EBIT 2010 2,406.26

Bajaj Sales 2010 12,420.95







Hero Fin. Lev. 2010 1.019056

Hero ROE 2010 0.644103





35/42


Bajaj Fin. Lev. 2010 1.457112

Bajaj ROE 2010 0.581466


Hero EBT 2009 1,781.46

Hero EBIT 2009 1,794.50

Hero Sales 2009 13,553.23Hero Assets 2009 3,879.24


Bajaj Net Income 2009 656.48

Bajaj EBT 2009 939.07

Bajaj EBIT 2009 960.08

Bajaj Sales 2009 9,310.24







Hero Fin. Lev. 2009 1.020651

Hero ROE 2009 0.337239





Bajaj Fin. Lev. 2009 1.839711

Bajaj ROE 2009 0.351117

Hero Net Income 2008 967.88Hero EBT 2008 1,410.28

Hero EBIT 2008 1,423.75

Hero Sales 2008 12,048.30



Bajaj Net Income 2008 755.95

Bajaj EBT 2008 1,075.24

Bajaj EBIT 2008 1,081.52








Hero Fin. Lev. 2008 1.044203

Hero ROE 2008 0.324113




36/42



Bajaj Fin. Lev. 2008 1.840481

Bajaj ROE 2008 0.476162

Hero Net Income 2007 857.89

Hero EBT 2007 1,246.10

Hero EBIT 2007 1,259.86Hero Sales 2007 11,553.47




Bajaj EBT 2007 1,701.06

Bajaj EBIT 2007 1,706.79

Bajaj Sales 2007 10,741.91







Hero Fin. Lev. 2007 1.066869

Hero ROE 2007 0.347315





Bajaj Fin. Lev. 2007 1.2937

Bajaj ROE 2007 0.223688Hero Net Income 2006 971.34

Hero EBT 2006 1,412.24

Hero EBIT 2006 1,427.82

Hero Sales 2006 10,097.17




Bajaj EBT 2006 1,543.78

Bajaj EBIT 2006 1,547.74








Hero Fin. Lev. 2006 1.092459

Hero ROE 2006 0.483415



37/42




Bajaj Fin. Lev. 2006 1.307532

Bajaj ROE 2006 0.230914


38/42


39/42

Sum of Value Column Labels

Row Labels Bajaj Hero Grand Total

2006 0.997441431 0.98908826 1.986529691

2007 0.996642821 0.989078152 1.985720972

2008 0.994193357 0.990539069 1.984732427

2009 0.978116407 0.992733352 1.970849759

2010 0.997514816 0.996081425 1.993596242011 0.999111493 0.988409181 1.987520673

2012 0.993911013 0.988465015 1.982376028

2013 0.999873441 0.995381179 1.995254619

Grand Total 7.956804777 7.929775633 15.88658041

Head Tax Burden



2006 0.71359261 0.68780094 1.401393551

2007 0.727757986 0.688459995 1.416217981

2008 0.703052342 0.686303429 1.389355771

2009 0.699074616 0.719499736 1.418574353

2010 0.709388071 0.788150706 1.497538778

2011 0.775460496 0.801701625 1.577162121

2012 0.754867988 0.830146856 1.585014844

2013 0.713409732 0.825263863 1.538673595

Grand Total 5.796603842 6.027327152 11.82393099

0.96

0.97

0.98

0.99

1

1.01

2006 2007 2008 2009 2010 2011 2012 2013

Bajaj

Hero

Company

Year

Sum of Value

0

0.2

0.4

0.6

0.8

1

2006 2007 2008 2009 2010 2011 2012 2013

Bajaj

Hero

Company

Year

Sum of Value

Head


40/42

Head ROE



2006 0.230914346 0.48341487 0.714329216

2007 0.223687824 0.34731545 0.571003274

2008 0.476161981 0.324113266 0.8002752482009 0.35111703 0.337238703 0.688355733

2010 0.58146595 0.644103064 1.225569014

2011 0.680158934 0.65218568 1.332344613

2012 0.497271179 0.554364625 1.051635804

2013 0.385166952 0.423107961 0.808274914

Grand Total 3.425944197 3.765843619 7.1917878160

0.1

0.2

0.3

0.4

0.50.6

0.7

0.8

2006 2007 2008 2009 2010 2011 2012 2013

Bajaj

Hero

Company

Year

Sum of Value

Head


41/42


42/42

Hero Bajaj ratios

Documents

Transcript of Hero Bajaj ratios