reading material for managers

7/30/2019 reading material for managers

1/12

gtt e Xv|xCOMPANY FINALYTICS

ITCLtd

Exclusive Financial Analysis of Indian Companies

PreparedandEditedBy

TanayRoy,CFA

PeuKarak,MBA

Disclaimer

Theinformation,opinions,estimatesandforecastscontainedinthisdocumenthavebeenarrivedatorobtainedfrompublicsourcesbelieved

tobereliableandingoodfaithwhichhasnotbeenindependentlyverifiedandnowarranty,expressorimplied,ismadeastotheiraccuracy,

completenessorcorrectness.

Formoreinformationaboutthissampleandourotherservices,[email protected]

Monday,September19,2011


2/12

Page

Summary 3

LatestResult 3

ValuationMatrix 3

ROEAnalysis 3

IncomeStatement 4

BalanceSheet 5

CashflowStatement 6

QuarterlyResult 6

GrowthAnalysis 7

ComparativeAnalysis 8

IncomeStatement 8

BalanceSheet 8

IndexAnalysis 9

IncomeStatement 9

BalanceSheet 9

RatioAnalysis 10

Annual 10

Quarterly 11

TTMAnalysis 11

TechnicalAnalysis 12

Ourpassionliesinthefieldoffinancialresearch&Investmentmanagementandweintendtoapply

ourknowledgegainedoveraperiodofyearsthroughintensestudyandkeenobservationofthe

nuancesoffinancialmarketsandinstrumentstoreallifescenarios.Wepossessexpertknowledgeof

financialproducts

and

markets

as

evidenced

by

top

notch

qualifications

earned

by

us

,all

in

the

first

attemptandkeepourselvesabreastwiththelatesthappeningsandinnovationstakingplacein

financiallandscape.

1.ExpertiseinPortfolioManagement,Productoptimization,ProductperformanceAnalysis,Financial

Reporting/Planning,CashFlowAnalysis,RatioAnalysis,Budgeting,Forecasting,Mergers&

AcquisitionandknowledgeofGAAP/IFRS

2.PossessStrongFinancialModelingskillsincludingDCF,LBOandothertechniques.Possessabilityto

researchallassetclassesinabroadrangeofindustriesandgeographies.

3.Strongequityresearch,finance,accountingandadvisoryandassuranceexperience

4.ExpertiseinTechnicalanalysis,fundamentalanalysis,developingtradingsystems.

5.Conductindepthfinancialanalysisofcompanyfinancials.

6.Writeanalyticalortrendbasedreportsoncompanies,sectorsormarkets.

7.ExpertlevelapplicationinBloomberg,ThomsonBanker,Factset,Datastream,StockVal,Merger

markets,Reuters

Knowledge,

Haver

Analytics,

Factiva,

PackHedge,

8.BuildingExcel/VBAbasedcustomizedtoolstoperformdetailedanalysis.

CONTENT

AboutTanay&Peu

Description

ContactUs:[email protected]

Page2


3/12

Cigarettes

MNCAssociate

LatestResultsMarch'11 Growth June'11 Growth June'11 Growth 1

77381.44

EBDITA 7846.94 18.38 2119.93 (1.67) 8356.64 4.82ReportedNet

Profit 4988.21 22.81 1332.72 4.00 5250.02 5.26 198.1

AdjustedPAT 4825.15 18.66 1332.72 4.00 NA NA74529.64

March'07 March'08 March'09 March'10 March'11

0.69 0.70 0.69 0.68 0.70

0.68 0.67 0.67 0.67 0.68

1.00 0.99 0.99 0.99 0.99

0.32 0.32 0.32 0.32 0.34

0.81 0.80 0.76 0.80 0.82

1.46 1.46 1.44 1.66 1.62

26% 26% 24% 29% 31%

26% 25% 23% 28% 30%

March'11

TTMRatio

ValuationMatrix

Particulars

ReportedP/E

Price/SalesPerShare

30.71

7.26 7.14

Annual

March'11

30.71

0.03

0.02

9.61

ReportedROE

AdjustedROE

ROEAnalysis

Particulars

ReportedPAT/PBT

AdjustedPAT/PBT

PBT/PBIT

PBIT/Sales

Sales/TotalAssets

TotalAssets/NetWorth

EarningYield

MarketCap(Rs.InCr)

Price/BookValue

74529.64

DividendYield

Yearly Quarterly TTM

Industry

Price

MarketCap(Rs.InCr)

LatestResults

Summary

BusinessGroup

FaceValue

NumberofEquityshares

AtaGlance

NA

NA

0.03

Promote

r

0%

MF

15%

BFI

21%

FII15%

Other

38%

General

Public

11%

ShareHolding

0%

10%

20%

30%

40%

March'

07

March'

08

March'

09

March'

10

March'

11

ROE

ReportedROE AdjustedROE

0%

5%

10%

15%

20%

25%

30%

35%

0.00

0.20

0.40

0.600.80

1.00

1.20

1.40

1.60

1.80


ROEFactors

ReportedROE ReportedPAT/PBT PBT/PBIT

PBIT/Sales Sales/TotalAssets TotalAssets/NetWorth

Page3


4/12


12313.83 14032.20 14985.81 18567.45 21120.83

5484.52 6275.33 6234.66 7588.23 8292.71

318.32 383.42 797.00 801.13 982.25

630.15 745.00 903.37 1014.87 1178.46

803.29 1044.40 1067.83 1238.24 1437.91

1116.23 1266.57 1133.48 1864.54 2091.01

(42.52) (112.75) (72.55) (71.88) (60.54)

8309.99 9601.97 10063.79 12435.13 13921.80

4003.84 4430.23 4922.02 6132.32 7199.03

300.14 479.82 422.80 496.27 647.91

4303.98 4910.05 5344.82 6628.59 7846.94

362.92 438.46 549.41 608.71 655.99

0.00 0.00 0.00 0.00 0.00

3941.06 4471.59 4795.41 6019.88 7190.95

16.04 24.61 47.65 90.28 78.11

3925.02 4446.98 4747.76 5929.60 7112.84

1263.07 1480.97 1565.13 1965.43 2287.69

2661.95 2966.01 3182.63 3964.17 4825.15

(23.92) 36.68 3.41 48.78 127.85

61.94 117.41 81.52 48.65 35.21

2699.97 3120.10 3267.56 4061.60 4988.21

1166.29 1319.01 1396.53 3818.18 3443.47

0.00 0.00 0.00 0.00 0.00

198.21 224.17 237.34 634.15 558.62

1335.47 1576.92 1633.69 (390.73) 986.12

MaterialConsumed

ManufacturingExpenses

PersonnelExpenses

SellingExpenses

AdminstrativeExpenses

IncomeStatement

Particulars(Rs.InCr)

NetSales

OperatingExpenses

ExpensesCapitalised

NonRecurringItems

TotalOperatingExpenses

OperatingProfit

OtherIncome

EBDITA

Interest

Depreciation

OtherWriteoffs

EBIT

EBT

IncomeTax

AdjustedPAT

RetainedEarnings

OtherNonCashadjustments

ReportedNetProfit

EquityDividend

PreferenceDividend

DividendTax

0.00

1000.00

2000.00

3000.00

4000.00

5000.00

6000.00

7000.00

8000.00

9000.00


ProfitLevels

OperatingProfit EBDITA EBIT

EBT AdjustedPAT

0.00

5000.00

10000.00

15000.00

20000.00

25000.00

March

'07

March

'08

March

'09

March

'10

March

'11

Operating

Income

NetSales OperatingProfit EBDITA

64%3%

0%0%

11%

22%

TotalIncomeBreakup

TotalOperatingExpenses Depreciation

OtherWriteoffs Interest

IncomeTax AdjustedPAT

Page4


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376.22 376.86 377.44 381.82 773.81

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

10003.78 11624.69 13302.55 13628.17 15126.12

10380.00

12001.55

13679.99

14009.99

15899.93

60.78 5.57 11.63 0.00 1.94

140.10 208.86 165.92 107.71 97.26

200.88 214.43 177.55 107.71 99.20

10580.88 12215.98 13857.54 14117.70 15999.13

7134.31 8959.70 10558.65 11967.86 12765.82

57.08 56.12 55.09 54.39 53.34

2389.54 2790.87 3286.74 3825.46 4420.75

4687.69 6112.71 7216.82 8088.01 8291.73

1130.20 1126.82 1214.06 1008.99 1333.40

3067.77 2934.55 2837.75 5726.87 5554.66

6281.07 7306.99 8450.99 8463.31 10592.28

4585.85 5265.09 5862.08 9169.48 9772.94

1695.22 2041.90 2588.91 (706.17) 819.34

0.00 0.00 0.00 0.00 0.00

10580.88 12215.98 13857.54 14117.70 15999.13

Note:

3091.90 2958.68 2861.88 5108.69 2972.48

13.30 13.42 9.12 1355.62 3096.14

129.56 308.08 261.36 258.73 251.78

37622.23 37686.10 37744.00 38181.77 77381.44

Less:Accumulated

Depreciation

NetCurrentAssets

Less:CurrentLiabilities&

Provisions

MarketValueofQuoted

Investments

GrossBlock

Less:RevaluationReserve

TotalLoanfund

Numberof

Equity

shares

outstanding(inLacs)

CurrentAssets,Loans&

Advances

TotalNetCurrentAssets

Total

Miscellaneousexpensesnot

written

BookValueofUnquoted

Investments

Contingentliabilities

BalanceSheet


CapitalWorkinprogress

Investments

SecuredLoans

Total

SOURCESOFFUNDS

Owner'sFund

EquityShareCapital

ShareApplicationMoney

PreferenceShareCapital

Reserves&Surplus

TotalOwners

fund

LoanFunds

UnsecuredLoans

NetBlock

FixedAssets

USESOFFUNDS

0.00

2000.00

4000.00

6000.00

8000.00

10000.00

12000.00

14000.00

16000.00

18000.00

March'

07

March'

08

March'

09

March'

10

March'

11

CapitalStructure

TotalOwnersf un d To talLoanfund

NetBlock

52%

CapitalWork

inprogress

8%

Investments

35%

TotalNet

CurrentAssets

5%

Applicationofcapital

TotalOwners

fund

99%

TotalLoan

fund

1%

SourcesofCapital

Page5


6/12


3926.70 4571.77 4825.74 6015.31 7268.16

2141.19 2722.96 3279.03 4630.65 5264.24

(1082.78) (1736.78) (1260.74) (3531.56) (616.22)

(1014.07) (1 316 .0 9) (1 55 6.1 5) (1 00 9.8 6) (3 551 .6 4)

44.34 (329.91) 462.14 89.23 1096.38

855.82 900.16 570.25 993.70 1082.93

900.16 570.25 1032.39 1082.93 2179.31

June'10

September'

10 December'10 March'11 June'11

4,847.34 5,147.18 5,513.74 5,959.99 5,860.18

0.00 0.00 0.00 0.00 0.00

4,847.34 5,147.18 5,513.74 5,959.99 5,860.18

98.48 124.49 193.04 102.16 143.84

4,945.82 5,271.67 5,706.78 6,062.15 6,004.02

(99.78) (211.16) (58.72) 115.37 (118.11)

1,568.53 1,789.30 1,816.11 1,862.16 1,981.94

0.00 0.00 0.00 0.00 0.00341.92 261.18 277.34 278.97 394.24

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

1,399.58 1,432.97 1,449.72 1,790.65 1,626.02

3,210.25 3,272.29 3,484.45 4,047.15 3,884.09

1,735.57 1,999.38 2,222.33 2,015.00 2,119.93

0.00 0.00 0.00 0.00 0.00

159.68 163.99 168.10 164.22 166.45

1,575.89 1,835.39 2,054.23 1,850.78 1,953.48

5.80 5.36 22.96 14.01 16.45

1,570.09 1,830.03 2,031.27 1,836.77 1,937.03

499.78 583.29 642.19 555.29 604.31

1,070.31 1,246.74 1,389.08 1,281.48 1,332.72

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

EmployeeExpenses

AdminAndSellingExpenses

ResearchAndDevlopmentExp

TotalExpenses

ExpensesCapitalised

OtherExpeses

EBT

Taxation

NetProfit/Loss

ExtraOrdinaryItem

PriorYearAdjustments

EBDITA

ProvisionsMade

TotalIncome

StockAdjustment

PowerAnd

Fuel

ProfitBeforeTax

NetCashUsedInInvesting

Activity

NetCashUsedinFin.Activity

NetCashFlowOperating

Activity

NetInc/DecInCashAnd

Equivlnt

CashAndEquivalntBeginof

Year

CashAndEquivalntEndOf

Year


QuarterlyResult

Sales

Less:Excise

NetSales

OtherIncome

RawMaterial

CashFlowStatement


Depreciation

EBIT

Interest

2141.19 2722.96 3279.03 4630.655264.24

(1082.78) (1736.78)(1260.74)

(3531.56)

(616.22)

(1014.07) (1316.09)(1556.15)

(1009.86)

(3551.64)

NetCashFlow

NetCashFlowOperatingActivity

NetCashUsedInInvestingActivity

NetCashUsedinFin.Activity

ProfitLevels

EBDITA EBIT

EBT NetProfit/Loss

Page6


7/12

March'08 March'09 March'10 March'11

Average

Gr ow th 5yearCAGR

13.95 6.80 23.90 13.75 15.43 11.39

0.00 0.00

14.42 (0.65) 21.71 9.28 11.54 8.62

20.45 107.87 0.52 22.61 32.82 25.28

18.23 21.26 12.34 16.12 16.23 13.3430.02 2.24 15.96 16.13 14.69 12.35

13.47 (10.51) 64.50 12.15 23.46 13.38

(165.17) 35.65 0.92 15.78 (2.80) 7.32

15.55 4.81 23.56 11.96 14.37 10.87

10.65 11.10 24.59 17.39 17.62 12.45

59.87 (11.88) 17.38 30.56 21.05 16.64

14.08 8.85 24.02 18.38 17.74 12.76

20.81 25.30 10.79 7.77 13.49 12.57

0.00 0.00 0.00 0.00 0.00 0.00

13.46 7.24 25.53 19.45 18.23 12.78

53.43 93.62 89.46 (13.48) 45.51 37.25

13.30 6.76 24.89 19.95 18.13 12.63

17.25 5.68 25.58 16.40 17.10 12.61

11.42 7.30 24.56 21.72 18.66 12.63

253.34 (90.70) 1330.50 162.10 471.18 (239.83)

89.55 (30.57) (40.32) (27.63) (20.31) (10.68)

15.56 4.73 24.30 22.81 18.92 13.06

13.09 5.88 173.40 (9.81) 50.58 24.18

0.00 0.00 0.00 0.00 0.00 0.00

13.10 5.88 167.19 (11.91) 47.88 23.03

18.08 3.60 (123.92) 352.38 106.30 (5.88)

GrowthAnalysis

Particulars(%)

EBDITA

Depreciation

OtherIncome

OtherWriteoffs

SellingExpenses

ExpensesCapitalised

OperatingProfit

NetSales

OperatingExpenses

PersonnelExpenses



MaterialConsumed


DividendTax

RetainedEarnings

EBIT

AdjustedPAT

ReportedNetProfit

EquityDividend

PreferenceDividend

NonRecurringItems


Interest

EBT

IncomeTax

0.00

5.00

10.00

15.00

20.00

25.00

30.00

March'08 March

'09 March

'10 March

'11

GrowthFactors

NetSales TotalOperatingExpenses

EBDITA EBT

AdjustedPAT

0.00

2.00

4.00

6.00

8.00

10.00

12.00

14.00

16.00

18.00

5YearCAGR

Page7


8/12


100.00 100.00 100.00 100.00 100.00

44.54 44.72 41.60 40.87 39.26

2.59 2.73 5.32 4.31 4.65

5.12 5.31 6.03 5.47 5.58

6.52 7.44 7.13 6.67 6.819.06 9.03 7.56 10.04 9.90

(0.35) (0.80) (0.48) (0.39) (0.29)

67.49 68.43 67.16 66.97 65.92

32.51 31.57 32.84 33.03 34.08

2.44 3.42 2.82 2.67 3.07

34.95 34.99 35.67 35.70 37.15

2.95 3.12 3.67 3.28 3.11

0.00 0.00 0.00 0.00 0.00

32.01 31.87 32.00 32.42 34.05

0.13 0.18 0.32 0.49 0.37

31.87 31.69 31.68 31.94 33.68

10.26 10.55 10.44 10.59 10.83

21.62 21.14 21.24 21.35 22.85

(0.19) 0.26 0.02 0.26 0.61

0.50 0.84 0.54 0.26 0.17

21.93 22.24 21.80 21.87 23.62


3.56 3.08 2.72 2.70 4.84

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

94.55 95.16 96.00 96.53 94.54

98.10 98.24 98.72 99.24 99.38

0.57 0.05 0.08 0.00 0.01

1.32 1.71 1.20 0.76 0.61

1.90 1.76 1.28 0.76 0.62

100.00 100.00 100.00 100.00 100.00

67.43 73.34 76.19 84.77 79.79

0.54 0.46 0.40 0.39 0.33

22.58 22.85 23.72 27.10 27.63

44.30 50.04 52.08 57.29 51.83

10.68 9.22 8.76 7.15 8.33

28.99 24.02 20.48 40.57 34.72

59.36 59.82 60.98 59.95 66.21

43.34 43.10 42.30 64.95 61.08

16.02 16.71 18.68 (5.00) 5.12

0.00 0.00 0.00 0.00 0.00

100.00 100.00 100.00 100.00 100.00

OtherIncome

EBDITA

Depreciation

EBIT

Interest

ComparativeAnalysis


FixedAssets

GrossBlock


IncomeStatement

BalanceSheet

EquityShareCapital



Reserves&Surplus

TotalOwnersfund

EBT

IncomeTax

AdjustedPAT

NonRecurringItems


ReportedNetProfit


ExpensesCapitalised


OperatingProfit

Total

NetSales

MaterialConsumed


PersonnelExpenses

Selling

Expenses


OtherWriteoffs

SOURCESOFFUNDS

Less:Accumulated

Depreciation

NetBlock


Investments

NetCurrentAssets


Less:Current

Liabilities

&

Provisions



written

SecuredLoans

UnsecuredLoans

TotalLoanfund

Total

USESOFFUNDS

March'

07

March'

08

March'

09

March'

10

March'

11

ComparativeNetSales


OtherIncome

DepreciationOtherWriteoffs

Interest

4.840.00 0.00

94.54

0.01 0.61

ComparativeAnalysisSourceof

Fund

Page8


9/12


100.00 113.95 121.70 150.79 171.52

100.00 114.42 113.68 138.36 151.20

100.00 120.45 250.38 251.67 308.57

100.00 118.23 143.36 161.05 187.01

100.00 130.02 132.93 154.15 179.00

100.00 113.47 101.55 167.04 187.33

100.00 265.17 170.63 169.05 142.38

100.00 115.55 121.10 149.64 167.53

100.00 110.65 122.93 153.16 179.80

100.00 159.87 140.87 165.35 215.87

100.00 114.08 124.18 154.01 182.32

100.00 120.81 151.39 167.73 180.75

0.00 0.00 0.00 0.00 0.00

100.00 113.46 121.68 152.75 182.46

100.00 153.43 297.07 562.84 486.97

100.00 113.30 120.96 151.07 181.22

100.00 117.25 123.91 155.61 181.12

100.00 111.42 119.56 148.92 181.26

100.00 (153.34) (14.26) (203.93) (534.49)

100.00 189.55 131.61 78.54 56.85

100.00 115.56 121.02 150.43 184.75


100.00 100.17 100.32 101.49 205.68

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

100.00 116.20 132.98 136.23 151.20

100.00 115.62 131.79 134.97 153.18

100.00 9.16 19.13 0.00 0.00

100.00 149.08 118.43 76.88 69.42

100.00 106.75 88.39 53.62 49.38

100.00 115.45 130.97 133.43 151.21

100.00 125.59 148.00 167.75 178.94

100.00 98.32 96.51 95.29 93.45

100.00 116.80 137.55 160.09 185.00

100.00 130.40 153.95 172.54 176.88

100.00 99.70 107.42 89.28 117.98

100.00 95.66 92.50 186.68 181.07

100.00 116.33 134.55 134.74 168.64

100.00 114.81 127.83 199.95 213.11

100.00 120.45 152.72 (41.66) 48.33

0.00 0.00 0.00 0.00 0.00

100.00 115.45 130.97 133.43 151.21

IndexAnalysis

IncomeStatementParticulars

NetSales

OperatingExpenses

MaterialConsumed


PersonnelExpenses

SellingExpenses


ExpensesCapitalised


OtherWriteoffs

EBIT

OperatingProfit

OtherIncome

EBDITA

Depreciation

AdjustedPAT

NonRecurringItems


ReportedNetProfit


TotalOwnersfund

UnsecuredLoans

LoanFunds

Particulars

EquityShareCapital

Interest

EBT

IncomeTax

BalanceSheet

SOURCESOFFUNDS


Reserves&Surplus

SecuredLoans

Total

TotalLoanfund

USESOFFUNDS

FixedAssets

GrossBlock


Less:Accumulated

NetBlock

Total


Investments

NetCurrentAssets


Advances

Less:CurrentLiabilities&

Provisions



written

March'

07

March'

08

March'

09

March'

10

March'

11

ProfitIndex

EBITEBTAdjustedPATReportedNetProfitNetSales

March'

07

March'

08

March'

09

March'

10

March'

11

LiabilityIndex

TotalOwnersfund TotalLoanfund

Page9


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7.08 7.87 8.43 10.38 6.24

8.04 9.03 9.89 11.98 7.08

7.18 8.28 8.65 10.64 6.45

8.14 9.44 10.10 12.23 7.29

3.10 3.50 3.70 10.00 4.45

10.64 11.76 13.04 16.06 9.30

27.59 31.85 36.24 36.69 20.55

27.74 32.00 36.39 36.84 20.62

32.73 37.23 39.70 48.63 27.29

25.62 29.88 34.27 34.73 19.07

32.51 31.57 32.84 33.02 34.08

29.56 28.44 29.17 29.74 30.97

21.40 21.50 21.18 21.30 22.91

23.98 23.45 24.22 23.98 25.17

25.64 24.71 23.26 28.29 30.34

26.01 25.99 23.85 28.98 31.36

37.51 36.88 34.75 42.64 44.95

0.01 0.01 0.01 0.01 0.01

0.01 0.01 0.01 0.01 0.01

98.10 98.24 98.71 99.23 99.37

1.75 1.59 1.44 1.58 1.69

1.37 1.39 1.44 0.92 1.08

1.33 1.36 1.42 0.92 1.08

0.58 0.56 0.60 0.39 0.50

6.05 5.51 5.26 6.04 6.05

50.53 49.45 50.06 109.63 80.24

44.54 43.36 42.84 95.34 70.91

48.75 47.98 48.67 (12.31) 17.06

54.90 54.68 56.23 2.64 26.99

0.06 0.06 0.04 0.02 0.01

268.33 199.51 112.17 73.42 100.46

191.95 145.60 81.02 52.72 73.25

47.16 44.95 45.80 38.45 40.72

6.52 7.44 7.12 6.66 6.80

18.54 15.45 14.85 12.68 13.32

16.92 12.78 12.98 12.03 13.34

0.58 0.57 0.56 0.63 0.58

87.12 86.98 86.84 85.85 91.81

SellingCostComponent

ExportsaspercentofTotal

Sales

ImportComp.inRawMat.

Consumed

Longtermassets/Total

Assets

BonusComponentInEquity

Capital(%)

DividendpayoutRatio(Cash

Profit)

EarningRetentionRatio

CashEarningsRetentionRatio

COVERAGERATIOS

AdjustedCashFlowTime

TotalDebt

FinancialChargesCoverage

Ratio

Fin.ChargesCov.Ratio(Post

Tax)

COMPONENTRATIOS

MaterialCost

Component(%

earnings)

CurrentRatio

CurrentRatio(Inc.STLoans)

PAYOUTRATIOS

DividendpayoutRatio(Net

Profit)

AdjustedEPS(Rs.)

BookValue(ExclRevRes)Per

Share(Rs.)

PROFITABILITYRATIOS

OperatingMargin(%)

GrossProfitMargin(%)

NetProfitMargin(%)

ReportedReturnOnNet

Worth(%)

ReturnOnlongTermFunds

(%)

LongTermDebt/Equity

Ownersfundas%oftotal

Source

QuickRatio

InventoryTurnoverRatio

AdjustedReturnOnNet

Worth(%)

LEVERAGERATIOS

TotalDebt/Equity

FixedAssetsTurnoverRatio

LIQUIDITYRATIOS

ReportedEPS(Rs.)

ReportedCashEPS(Rs.)

DividendPerShare

OperatingProfit

Per

Share

(Rs.)

BookValue(InclRevRes)Per

Share(Rs.)

NetOperatingIncomePer

Share(Rs.)

FreeReservesPerShare(Rs.)

AdjustedCashMargin(%)

RatioAnalysis

Particulars(Yearly)

PERSHARERATIOS

AdjustedCashEPS(Rs.)

March'

07

March'

08

March'

09

March'

10

March'

11

PerShareRatio

NetOperatingIncomePerShare(Rs.)

AdjustedEPS(Rs.)

AdjustedCashEPS(Rs.)

DividendPerShare

BookValue

(Incl

Rev

Res)

Per

Share

(Rs.)

March'

07

March'

08

March'

09

March'

10

March'

11

ProfitMargin

NetProfitMargin(%)

OperatingMargin(%)

AdjustedReturnOnNetWorth(%)

ReturnOnlongTermFunds(%)

March'

07

March'

08

March'

09

March'

10

March'

11

LiquidityRatio

CurrentRatio QuickRatio

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11/12

June'10

September'

10 December'10 March'11 June'11

6.26 6.65 7.13 7.70 7.57

2.24 2.58 2.87 2.60 2.74

1.38 1.61 1.80 1.66 1.72

33.77 36.42 36.80 32.09 33.72

34.97 37.82 38.53 33.00 35.03

21.64 23.64 24.34 21.13 22.19

March'11 %ofSales June'11 %ofSales Growth(%)

21468.25 100.00 22481.09 100.00 4.72

0.00 0.00 0.00 0.00 NA

21468.25 100.00 22481.09 100.00 4.72

OtherIncome 518.17 2.41 563.53 2.51 8.75

21986.42 102.41 23044.62 102.51 4.81

(254.29) (1.18) (272.62) (1.21) 7.21

7036.10 32.77 7449.51 33.14 5.88

0.00 0.00 0.00 0.00 NA

1159.41 5.40 1211.73 5.39 4.51

0.00 0.00 0.00 0.00 NA

0.00 0.00 0.00 0.00 NA

0.00 0.00 0.00 0.00 NA

6072.92 28.29 6299.36 28.02 3.73

14014.14 65.28 14687.98 65.33 4.81

7972.28 37.14 8356.64 37.17 4.82

0.00 0.00 0.00 0.00 NA

655.99 3.06 662.76 2.95 1.03

7316.29 34.08 7693.88 34.22 5.16

48.13 0.22 58.78 0.26 22.13

7268.16 33.86 7635.10 33.96 5.05

2280.55 10.62 2385.08 10.61 4.58

4987.61 23.23 5250.02 23.35 5.26

0.00 0.00 0.00 0.00 NA

0.00 0.00 0.00 0.00 NA

TTMEPS 6.45 6.78 0.01

TTMSPS 27.74 29.05 0.01

RawMaterial

PowerAndFuel

EmployeeExpenses

GPM(%)

NPM(%)

PROFITABILITYRATIOS

OPM(%)

RatioAnalysis

Particulars(Quarterly)

PERSHARERATIOS

OperatingIncomePer

Share(Rs.)

AdjustedEPS(Rs.)

EBT

Taxation

NetProfit/Loss

ExtraOrdinaryItem

PriorYearAdjustments

Interest

OperatingProfitPer

Share(Rs.)

TTMAnalysis


Sales

NetSales

ResearchAndDevlopmentExp

OtherExpeses

EBDITA

ProvisionsMade

AdminAndSellingExpenses

ExpensesCapitalised

TotalExpenses

Depreciation

EBIT

Less:Excise

TotalIncome

StockAdjustment

QuarterlyProfitMargin

OPM(%) GPM(%) NPM(%)

4.724.81 4.82

5.16

5.05

5.26TTMGrowth(%)

March'11 June'11

TTMEPS&SPS(%)

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12/12

Price 198.10 ASOn: 16/09/2011

EMA(13) 199.82 ADX 16

EMA(26) 199.23 DX 33

EMA(50) 195.14 +DI 10

EMA(200) 169.99 DI 20

RSI(14) 43.57 %K(Fast) 29.17

MACD 0.58 %K(Slow) 37.73

William(%R) 70.83 %d(Slow) 29.55

TechnicalIndicators

TechnicalAnalysis

0.00

500000.00

1000000.00

1500000.00

2000000.00

2500000.003000000.00

3500000.00

4000000.00

0.00

50.00

100.00

150.00

200.00

250.00

26May 4Aug

PriceChart

Volume Close EMA(200) EMA(50)

0.002.00

4.00

6.00

MACD Signalline

0

20

40

60

80

RSI(14)

reading material for managers

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