Mindtree Limited

Registered Office: Global Village, RVCE Post, Mysore Road, Bangalore - 560 059
AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2014
Particulars
March 31,
2014
Income from software services
Expenses
Employee benefits expense
Depreciation
Other expenses
Profit from operations before other income and interest
Other income
Foreign exchange gain/(loss)
Profit before interest
Interest
Profit before tax
Tax expense
Net profit for the period
Paid up equity share capital (face value Rs. 10/- each)
Reserves
Basic EPS (Rs.)
Diluted EPS (Rs.)
Aggregate non-promoter shareholding
Number of shares
Percentage of shareholding
Promoters and promoter group shareholding
Pledged/Encumbered
Number of shares
Percentage of shares (as a % of the total shareholding of promoter and promoter group)
Percentage of shares (as a % of the total share capital of the company)
Non-encumbered
Number of shares
Percentage of shares (as a % of the total shareholding of promoter and promoter group)
Percentage of shares (as a % of the total share capital of the company)

Quarter ended
December 31,
2013

Rs in million, except per share data

Year ended
March 31,
March 31,
March 31,
2013
2014
2013

8,237

7,906

6,124

30,316

23,618

4,869
223
1,596
1,549
128
(426)
1,251
1,251
267
984
417
15,992
23.65
23.47

4,679
208
1,683
1,336
83
(272)
1,147
1
1,146
258
888
416
15,268
21.32
21.14

3,745
155
1,216
1,008
154
(153)
1,009
1
1,008
219
789
415
12,722
19.04
18.89

17,820
809
6,390
5,297
376
118
5,791
4
5,787
1,275
4,512
417
15,992
108.50
107.70

14,274
624
4,484
4,236
350
(340)
4,246
10
4,236
847
3,389
415
12,722
82.70
81.66

34,783,777
83.43%

34,722,578
83.42%

33,719,358
81.18%

34,783,777
83.43%

33,719,358
81.18%

6,905,954
100%
16.57%

AUDITED SEGMENT WISE REVENUE AND RESULTS

Primary segment information
Particulars
March 31,
2014

6,903,614
100%
16.58%

Quarter ended
December 31,
2013

7,815,697
100%
18.82%

March 31,
2013

6,905,954
100%
16.57%

7,815,697
100%
18.82%

Rs in million
Year ended
March 31,
March 31,
2014
2013

Segment revenue
Manufacturing
BFSI
Hitech
Travel & Transportation
Others
Total

1,817
1,916
2,259
1,627
618
8,237

1,700
1,844
2,137
1,630
595
7,906

1,215
1,335
1,823
1,222
529
6,124

6,528
6,986
8,464
6,077
2,261
30,316

4,498
5,293
7,210
4,691
1,926
23,618

Segment operating income

Manufacturing
BFSI
Hitech
Travel & Transportation
Others
Total

471
205
465
361
270
1,772

401
122
411
373
237
1,544

246
75
377
263
202
1,163

1,594
450
1,811
1,363
888
6,106

875
642
1,543
1,103
697
4,860
`

Unallocable
Expenses
Interest
Other income
Profit before tax

649
128
1,251

480
1
83
1,146

308
1
154
1,008

809
4
494
5,787

964
10
350
4,236

Notes on segment information

Principal segments

Effective April 1, 2013, the Company has restructured its organisational and management structure to be better aligned to market needs. Pursuant to such re-organization, the Company has
identified Manufacturing, Banking, Financial Services and Insurance ('BFSI'), Hitech, Travel and Transportation and Others as its reportable business segments. Accordingly, the Company
has presented its segment results under these business segments. The previous period figures have been restated and presented in line with the current segments.
Segmental capital employed
Segregation of assets, liabilities, depreciation and other non-cash expenses into various primary segments has not been carried out as the assets are used interchangeably between
segments. Accordingly, no disclosure relating to segment assets and liabilities has been made.

AUDITED STATEMENT OF ASSETS AND LIABILITIES

Particulars

Rs in million

As at
March 31,
2014

Shareholders' funds
Share capital
Reserves and surplus
Non-current liabilities
Long-term borrowings
Other long-term liabilities
Long-term provisions
Current liabilities
Short-term borrowings
Trade payables
Other current liabilities
Short-term provisions
Total
Non-current assets
Fixed assets
Tangible assets
Intangible assets
Capital work-in-progress
Non-current investments
Deferred tax assets (net)
Long-term loans and advances
Other non-current assets
Current assets
Current investments
Trade receivables
Cash and bank balances
Short-term loans and advances
Other current assets
Total

March 31,
2013

417
15,992
16,409

415
12,722
13,137

27
129
39
195

32
57
89

82
2,737
1,574
4,393
20,997

217
189
2,166
1,112
3,684
16,910

3,266
170
496
189
402
758
1,039
6,320

2,485
104
571
244
360
617
1,046
5,427

5,160
6,004
1,175
612
1,726
14,677
20,997

4,027
4,508
1,238
430
1,280
11,483
16,910

Notes to financial results for the quarter and year ended March 31, 2014
1 The above results were reviewed by the Audit Committee and thereafter have been adopted by the Board at its meeting held on April 16, 2014.
2 Item of expenditure exceeding 10% of total expenditure
Particulars

Staff cost

March 31,
2014
4,822

Quarter ended
December 31,
2013
4,643

3 Information on investor complaints pursuant to clause 41 of the Listing Agreement for the quarter ended March 31, 2014:
Opening
Nature of Investor complaints
balance
Additions
Allotment/ refund/ annual report related/ others
1
95

March 31,
2013
3,703

Rs in million
Year ended
March 31,
March 31,
2014
2013
17,672
14,138

Closing
balance

Disposal
90

4 During the quarter, 63,539 shares have been issued upon exercise of stock options and restricted shares by employees/ directors.
5 EPS for the quarter is not annualized.
6 The Board of Directors appointed Rostow Ravanan as an Alternate Director to N S Parthasarathy, effective January 17, 2014.
7 The Board of Directors at their meeting held on April 16, 2014, have recommended an issue of bonus shares on the company's equity shares in the ratio of 1:1 (one additional equity share for
every one existing equity share). The Company is in the process of complying with necessary formalities.
8 The Board of Directors at its meeting held on April 16, 2014 have recommended an interim dividend of 50% (Rs 5 per equity share of par value Rs 10/- each) for the quarter ended March 31,
2014. Further, the Board has recommended a final dividend of 50% (Rs 5 per equity share of par value Rs 10/- each) for the year ended March 31, 2014 and a special dividend of 50% (Rs 5
per equity share of par value Rs 10/- each) for completion of 15 years in business. If the proposed 1:1 bonus share issue is approved by shareholders prior to the date of the AGM, the final &
special dividend amounts would be accordingly reduced to 25% (Rs 2.5 per equity share of Rs 10/- each).
Rs
Particulars
Quarter ended
Year ended
March 31,
December 31,
March 31,
March 31,
March 31,
2014
2013
2013
2014
2013
Dividend per share (par value Rs 10/- each)
5.00
5.00
4.00
15.00
7.00
Interim dividend
5.00
5.00
5.00
5.00
Final dividend
Special dividend
5.00
5.00
Total dividend
15.00
5.00
9.00
25.00
12.00
9 The statement of financial results have been audited by the Company's auditors. The Company's auditors have issued an unqualified audit opinion on the financial results. The audit report
has been filed with the stock exchanges and is also available on the Company's website.
10 Previous period figures have been reclassified/ regrouped wherever necessary.

For and on behalf of the Board

For Mindtree Limited

Bangalore, India
April 16, 2014

Krishnakumar Natarajan
CEO & Managing Director

Management - Mindtree
Name

Designation

Subroto Bagchi

Executive Chairman

Krishnakumar Natarajan

Managing Director & CEO

David B Yoffie

Independent Director

Pankaj Chandra

Independent Director

N S Parthasarathy

Executive Director

Albert Hieronimus

Vice Chairman & Independent Director

S Janakiraman

Executive Director

V G Siddhartha

Non Executive Director

Ramesh Ramanathan

Independent Director

Apurva Purohit

Independent Director

Balance Sheet ( Standalone) :

Balance Sheet of Mindtree

------------------- in Rs. Cr. ------------------Mar '13

Mar '12

Mar '11

Mar '10

12 mths

12 mths

12 mths

12 mths

12

41.50
41.50
0.00
0.00

40.50
40.50
0.00
0.00

40.00
40.00
0.00
0.00

39.51
39.51
0.00
0.00

Sources Of Funds
Total Share Capital
Equity Share Capital
Share Application Money
Preference Share Capital

Reserves
Revaluation Reserves
Networth

1,272.20
0.00
1,313.70

917.10
0.00
957.60

736.40
0.00
776.40

606.48
0.00
645.99

Secured Loans
Unsecured Loans
Total Debt
Total Liabilities

21.70
3.20
24.90
1,338.60
Mar '13

40.70
3.70
44.40
1,002.00
Mar '12

0.00
4.60
4.60
781.00
Mar '11

0.00
3.05
3.05
649.04
Mar '10

1
6
M

12 mths

12 mths

12 mths

12 mths

12

Gross Block
Less: Accum. Depreciation
Net Block

636.80
377.90
258.90

579.60
320.50
259.10

562.40
261.80
300.60

451.22
197.32
253.90

3
1
2

Capital Work in Progress

Investments

57.10
427.10

19.90
310.50

2.80
113.50

24.22
196.26

Inventories
Sundry Debtors
Cash and Bank Balance
Total Current Assets
Loans and Advances
Fixed Deposits
Total CA, Loans & Advances
Deffered Credit
Current Liabilities
Provisions
Total CL & Provisions
Net Current Assets

0.00
450.80
123.80
574.60
373.30
0.00
947.90
0.00
241.20
111.20
352.40
595.50

0.00
407.80
58.30
466.10
279.40
0.20
745.70
0.00
260.80
72.40
333.20
412.50

0.00
282.50
36.30
318.80
272.20
7.70
598.70
0.00
181.60
53.00
234.60
364.10

0.00
221.75
16.85
238.60
211.30
18.00
467.90
0.00
249.46
43.76
293.22
174.68

0.00
1,338.60

0.00
1,002.00

0.00
781.00

0.00
649.06

517.20
316.29

111.30
236.19

37.80
193.93

34.56
163.48

Application Of Funds

Miscellaneous Expenses
Total Assets
Contingent Liabilities
Book Value (Rs)

2
1

2
1

Source : Dion Global Solutions Limited

Balance Sheet( Consolidated):

Consolidated Balance Sheet of Mindtree

------------------- in Rs. Cr. ------------------Mar '13

Mar '12

Mar '11

Mar '10

12 mths

12 mths

12 mths

12 mths

12

41.50
41.50
0.00
0.00

40.50
40.50
0.00
0.00

40.00
40.00
0.00
0.00

39.51
39.51
0.00
0.00

Sources Of Funds
Total Share Capital
Equity Share Capital
Share Application Money
Preference Share Capital

Init. Contribution Settler

Preference Share Application Money
Employee Stock Opiton
Reserves
Revaluation Reserves
Networth

0.00
0.00
0.00
1,272.20
0.00
1,313.70

0.00
0.00
0.00
916.70
0.00
957.20

0.00
0.00
0.00
736.20
0.00
776.20

0.00
0.00
0.00
631.12
0.00
670.63

21.70
3.20
24.90

40.70
3.70
44.40

0.00
4.60
4.60

0.00
3.05
3.05

0.00
0.00
0.00
1,338.60
Mar '13

0.00
0.00
0.00
1,001.60
Mar '12

0.00
0.00
0.00
780.80
Mar '11

0.00
0.00
0.00
673.68
Mar '10

7
M

12 mths

12 mths

12 mths

12 mths

12

Gross Block
Less: Accum. Depreciation
Net Block

636.80
377.90
258.90

579.60
320.50
259.10

562.40
261.80
300.60

528.76
252.12
276.64

6
2
4

Capital Work in Progress

Investments

57.10
425.70

19.90
308.20

2.80
111.20

24.66
127.25

Inventories
Sundry Debtors
Cash and Bank Balance
Total Current Assets
Loans and Advances
Fixed Deposits
Total CA, Loans & Advances
Deffered Credit
Current Liabilities
Provisions
Total CL & Provisions
Net Current Assets

0.00
450.80
125.20
576.00
373.30
0.00
949.30
0.00
241.20
111.20
352.40
596.90

0.00
407.80
60.00
467.80
279.40
0.20
747.40
0.00
260.60
32.80
293.40
454.00

0.00
282.50
45.90
328.40
272.20
0.00
600.60
0.00
181.40
53.00
234.40
366.20

0.00
236.99
20.05
257.04
228.18
20.27
505.49
0.00
211.35
49.00
260.35
245.14

Minority Interest
Group Share in Joint Venture
Miscellaneous Expenses
Total Assets

0.00
0.00
0.00
1,338.60

0.00
0.00
0.00
1,041.20

0.00
0.00
0.00
780.80

0.00
0.00
0.00
673.69

510.80
316.29

108.30
236.09

12.20
193.88

38.18
169.72

Secured Loans
Unsecured Loans
Total Debt
Minority Interest
Policy Holders Funds
Group Share in Joint Venture
Total Liabilities

Application Of Funds

Contingent Liabilities
Book Value (Rs)
Source : Dion Global Solutions Limited

Profit & Loss

Profit & Loss account of Mindtree

------------------- in Rs. Cr. -------------------

3
1

3
1

Mar '13

Mar '12

Mar '11

Mar '10

12 mths

12 mths

12 mths

12 mths

12

Sales Turnover
Excise Duty
Net Sales
Other Income
Stock Adjustments
Total Income
Expenditure

2,361.80
0.00
2,361.80
35.00
0.00
2,396.80

1,915.20
0.00
1,915.20
34.70
0.00
1,949.90

1,509.00
0.00
1,509.00
45.70
0.00
1,554.70

1,233.25
0.00
1,233.25
77.31
0.00
1,310.56

1,0

Raw Materials
Power & Fuel Cost
Employee Cost
Other Manufacturing Expenses
Selling and Admin Expenses
Miscellaneous Expenses
Preoperative Exp Capitalised
Total Expenses

0.00
0.00
1,427.40
0.00
0.00
482.40
0.00
1,909.80
Mar '13

0.00
0.00
1,226.10
101.80
172.60
121.40
0.00
1,621.90
Mar '12

0.00
0.00
985.30
90.80
173.70
74.30
0.00
1,324.10
Mar '11

0.00
0.00
743.74
73.58
128.53
53.75
0.00
999.60
Mar '10

7
M

12 mths

12 mths

12 mths

12 mths

12

Operating Profit

452.00

293.30

184.90

233.65

PBDIT
Interest
PBDT
Depreciation
Other Written Off
Profit Before Tax
Extra-ordinary items
PBT (Post Extra-ord Items)
Tax
Reported Net Profit

487.00
1.00
486.00
62.40
0.00
423.60
0.00
423.60
84.70
338.90

328.00
0.50
327.50
69.50
0.00
258.00
3.70
261.70
43.00
218.70

230.60
7.20
223.40
71.20
0.00
152.20
0.40
152.60
29.50
123.10

310.96
5.12
305.84
61.06
0.00
244.78
1.43
246.21
38.12
208.10

1,909.80
0.00
49.70
8.10

1,621.90
0.00
16.20
2.60

1,324.10
0.00
10.00
1.70

999.60
0.00
11.82
2.01

Shares in issue (lakhs)

Earning Per Share (Rs)

415.35
81.59

405.44
53.94

400.35
30.75

395.15
52.66

Equity Dividend (%)

Book Value (Rs)

120.00
316.29

40.00
236.19

25.00
193.93

30.00
163.48

Income

Total Value Addition

Preference Dividend
Equity Dividend
Corporate Dividend Tax
Per share data (annualised)

Source : Dion Global Solutions Limited

Cash Flow :

Previous Years

1,0
-1

Mindtree
Cash Flow

------------------- in Rs. Cr. ------------------Mar '13

Mar '12

Mar '11

Mar '10

Mar '09

12 mths

12 mths

12 mths

12 mths

12 mths

Net Profit Before Tax

423.60

261.70

152.60

246.22

32.55

Net Cash From Operating Activities

Net Cash (used in)/from
Investing Activities
Net Cash (used in)/from Financing Activities
Net (decrease)/increase In Cash and
Cash Equivalents

266.30

206.90

43.80

239.65

143.27

-191.50

-230.70

-38.50

-99.75

-192.24

-12.50

36.50

0.20

-134.01

22.79

65.30

14.50

5.90

5.16

-25.77

58.50
123.80

43.70
58.20

38.10
44.00

29.69
34.85

54.65
28.83

Opening Cash & Cash Equivalents

Closing Cash & Cash Equivalents
Source : Dion Global Solutions Limited

Capital Structure :
Mindtree
Capital Structure
Period
From To

Instrument

--- CAPITAL (Rs. cr) --Authorised

Issued

-PAIDUPShares (nos)
Face Value

2012

2013

Equity Share

79.62

41.54

41535055

10

41.54

2011

2012

Equity Share

79.62

40.54

40543923

10

40.54

2010

2011

Equity Share

79.62

40.04

40035187

10

40.04

2009

2010

Equity Share

79.62

39.51

39514994

10

39.51

2008

2009

Equity Share

79.62

38

37996686

10

38

2007

2008

Equity Share

79.62

37.92

37920558

10

37.92

2006

2007

Equity Share

79.62

37.75

37752577

10

37.75

2005

2006

Equity Share

10

5.87

29362535

5.87

Capital

Source : Asian CERC

Key Financial Ratios

Mindtree
Key Financial Ratios

Previous Years

Mar
'13

Mar '12

Mar '11

Mar '10

Mar '09

Face Value
Dividend Per Share
Operating Profit Per Share (Rs)
Net Operating Profit Per Share (Rs)
Free Reserves Per Share (Rs)
Bonus in Equity Capital
Profitability Ratios

10.00
12.00
108.82
568.63
-61.09

10.00
4.00
72.34
472.38
222.87
62.60

10.00
2.50
46.18
376.92
178.54
63.39

10.00
3.00
59.13
312.10
149.32
64.16

10.00
1.00
70.34
266.49
130.69
66.73

Operating Profit Margin(%)

Profit Before Interest And Tax Margin(%)
Gross Profit Margin(%)
Cash Profit Margin(%)
Adjusted Cash Margin(%)
Net Profit Margin(%)
Adjusted Net Profit Margin(%)
Return On Capital Employed(%)
Return On Net Worth(%)
Adjusted Return on Net Worth(%)
Return on Assets Excluding Revaluations
Return on Assets Including Revaluations
Return on Long Term Funds(%)
Liquidity And Solvency Ratios

19.13
16.25
16.49
16.74
16.74
14.13
14.13
31.71
25.79
25.79
316.29
316.29
32.24

15.31
11.61
11.68
13.60
13.60
11.34
11.34
23.57
22.83
20.12
236.19
236.19
24.57

12.25
7.38
7.53
11.58
11.58
7.99
7.99
18.41
15.85
13.79
193.93
193.93
18.41

18.94
13.93
13.99
15.80
15.80
16.80
16.80
27.41
32.21
20.85
163.48
163.48
27.41

26.39
21.65
21.76
24.62
24.62
2.94
2.94
33.70
5.65
38.42
139.58
139.58
33.70

2.39
2.59
0.02
--

1.80
2.14
0.05
--

2.55
2.46
0.01
0.01

1.60
1.54
---

1.43
1.38
0.26
0.26

424.60
0.02
487.00

472.40
0.05
611.40

359.50
0.01
29.86

70.40
0.00
46.70

13.93
0.26
14.08

402.30

577.40

27.99

53.59

4.97

-5.50
---2.02

-5.55
---2.15

-5.99
---2.11

-5.65
---1.87

-5.23
---1.56

--50.52

--77.54

--86.86

--50.99

--40.92

--

--

--

--

--

--

--

--

--

--

--

--

0.74

0.56

0.55

Investment Valuation Ratios

Current Ratio
Quick Ratio
Debt Equity Ratio
Long Term Debt Equity Ratio
Debt Coverage Ratios
Interest Cover
Total Debt to Owners Fund
Financial Charges Coverage Ratio
Financial Charges Coverage Ratio Post
Tax
Management Efficiency Ratios
Inventory Turnover Ratio
Debtors Turnover Ratio
Investments Turnover Ratio
Fixed Assets Turnover Ratio
Total Assets Turnover Ratio
Asset Turnover Ratio
Average Raw Material Holding
Average Finished Goods Held
Number of Days In Working Capital
Profit & Loss Account Ratios
Material Cost Composition
Imported Composition of Raw Materials
Consumed
Selling Distribution Cost Composition

Expenses as Composition of Total Sales

Cash Flow Indicator Ratios

95.75

94.36

93.50

92.72

93.67

Dividend Payout Ratio Net Profit

Dividend Payout Ratio Cash Profit
Earning Retention Ratio
Cash Earning Retention Ratio
AdjustedCash Flow Times

14.66
12.38
85.34
87.62
0.06

8.59
6.52
90.25
92.83
0.17

9.50
6.02
89.08
93.44
0.03

6.64
5.13
89.74
92.94
0.02

14.82
5.78
97.82
98.23
0.56

Mar
'13

Mar '12

Mar '11

Mar '10

Mar '09

81.59
316.29

53.94
236.19

30.75
193.93

52.66
163.48

7.90
139.58

Earnings Per Share

Book Value
Source : Dion Global Solutions Limited

Competition
Name

TCS
Infosys
Wipro
HCL Tech
Tech Mahindra
Oracle Fin Serv
MphasiS
Mindtree
Hexaware Tech

Last Price

Market Cap.

Sales

(Rs. cr.)

Net Profit

Total
Assets

Turnover

2,141.35

4,19,432.22

64,672.93

18,474.92

32,725.37

2,939.40

1,68,790.98

44,341.00

10,194.00

42,092.00

506.2

1,24,888.67

39,133.30

7,387.40

28,275.50

1,418.55

99,259.24

12,517.82

3,704.72

10,852.88

1,923.00

44,915.71

16,295.13

2,685.47

5,287.30

2,830.15

23,815.00

3,159.47

1,148.36

7,292.35

440.9

9,266.34

1,328.97

223.08

3,901.16

1,509.75

6,310.85

3,031.60

451.2

1,338.60

143.65

4,314.16

1,019.95

333.97

888.63

Persistent
Cyient
NIIT Tech
Polaris Tech
Rolta
Zensar Tech
Tata Elxsi
Financial Tech
Hinduja Global
Geometric
Hinduja Venture
Infinite Comp
3i Infotech
Ramco System
Sasken Comm
Mastek
Thinksoft
AGC Networks
Blue Star Info
Saksoft
Bodhtree Cons
ICSA
Acropetal Tech
Dynacons Tech

1,067.70

4,270.80

1,184.12

248.57

1,007.47

307.3

3,445.83

1,224.49

254.92

1,167.03

391.4

2,376.80

1,308.48

208.4

773.46

209.45

2,087.01

2,005.25

83.97

1,196.23

106.8

1,722.99

1,310.94

-737.43

4,729.40

365.35

1,690.77

921.8

187.22

512.13

509.4

1,586.18

772.1

75.11

223.23

262.8

1,210.94

450.9

322.88

3,275.11

496.65

1,024.32

866.35

134.56

795.98

140

892.29

374.44

56.17

247.83

297.9

612.35

93.53

76.75

715.35

127.85

517.07

454.72

106.27

436.63

515.38

326.5

-440.22

2,998.15

208.6

498.03

167.48

-19.28

436.36

201.8

429.45

353.93

57.93

369.63

172.85

426.1

401.02

30.18

383.63

331.3

341.3

157.83

16.31

90.65

62.5

177.92

594.41

-23.23

473.3

151.9

157.75

127.13

10.38

83.55

75.6

77.38

43.79

5.72

78.85

18.6

32.64

43.48

-6.67

25.82

6.3

30.33

420.05

-823.48

962.04

4.2

16.33

106.55

-74.13

371.06

0.4

3.14

32.15

0.11

28.6

Comparison with Competitors

Balance
Sheet

------------------in Rs. Cr. ------------------

Sources Of Funds

Mindtree

TCS

Infosys

Wipro

HCL Tech

Mar '13

Mar '13

Mar '14

Mar '13

Jun '13

Total Share
Capital
Equity Share
Capital
Share
Application
Money
Preference
Share Capital

41.5

295.72

286

492.6

139.37

41.5

195.72

286

492.6

139.37

5.01

100

1,272.20

32,266.53

41,806.00

23,736.90

10,093.36

1,313.70

32,562.25

42,092.00

24,229.50

10,237.74

21.7

161.6

50.4

532.66

3.2

1.52

3,995.60

82.48

24.9

163.12

4,046.00

615.14

1,338.60

32,725.37

42,092.00

28,275.50

10,852.88

Mindtree

TCS

Infosys

Wipro

HCL Tech

Mar '13

Mar '13

Mar '14

Mar '13

Jun '13

Gross Block

636.8

9,152.32

10,374.00

8,312.50

3,764.05

Less: Accum.
Depreciation

377.9

4,048.04

4,642.00

4,403.10

1,809.87

Net Block

258.9

5,104.28

5,732.00

3,909.40

1,954.18

Capital Work
in Progress

57.1

1,763.85

954

378.9

488.19

Investments

427.1

6,324.38

6,717.00

10,904.20

4,055.70

6.34

320.5

81.84

450.8

11,202.32

7,336.00

8,499.40

2,709.21

123.8

4,054.16

24,100.00

7,800.40

2,808.83

574.6

15,262.82

31,436.00

16,620.30

5,599.88

373.3

14,556.81

7,873.00

8,893.80

3,861.38

947.9

29,819.63

39,309.00

25,514.10

9,461.26

241.2

6,121.11

4,503.00

8,792.80

3,748.66

Reserves
Revaluation
Reserves
Networth
Secured
Loans
Unsecured
Loans
Total Debt
Total
Liabilities

Application Of Funds

Inventories
Sundry
Debtors
Cash and
Bank Balance
Total Current
Assets
Loans and
Advances
Fixed
Deposits
Total CA,
Loans &
Advances
Deffered
Credit
Current
Liabilities

Comparison of Profit and Loss :

Profit & Loss

account

------------------in Rs. Cr. -----------------Mindtree

TCS

Infosys

Wipro

HCL Tech

Mar '13

Mar '13

Mar '14

Mar '13

Jun '13

Sales
Turnover

2,361.80

48,426.14

44,341.00

33,226.50

12,517.82

Excise Duty

Net Sales

2,361.80

48,426.14

44,341.00

33,226.50

12,517.82

Other Income

35

2,230.39

2,576.00

1,325.30

472.38

Stock
Adjustments

18.2

-7.83

Total Income

2,396.80

50,656.53

46,917.00

34,570.00

12,982.37

Income

Expenditure
Raw Materials

25.04

2,701.40

251.66

Power & Fuel

Cost

230.4

201.3

Employee
Cost

1,427.40

17,081.72

24,350.00

15,904.20

4,628.61

Other
Manufacturing
Expenses

3,990.00

Selling and
Admin
Expenses

Miscellaneous
Expenses

482.4

17,013.11

3,474.00

7,475.20

2,837.69

Preoperative
Exp
Capitalised

Total
Expenses

1,909.80

34,119.87

31,814.00

26,311.20

7,919.26

Mindtree

TCS

Infosys

Wipro

HCL Tech

Mar '13

Mar '13

Mar '14

Mar '13

Jun '13

Operating
Profit

452

14,306.27

12,527.00

6,933.50

4,590.73

PBDIT

487

16,536.66

15,103.00

8,258.80

5,063.11

Interest

30.62

352.4

76.46

PBDT

486

16,506.04

15,103.00

7,906.40

4,986.65

Depreciation

62.4

802.86

1,101.00

701.3

441.91

Other Written
Off

Profit Before
Tax

423.6

15,703.18

14,002.00

7,205.10

4,544.74

Extra-ordinary
items

PBT (Post
Extra-ord
Items)

423.6

15,703.18

14,002.00

7,205.10

4,544.74

Tax

84.7

2,916.84

3,808.00

1,554.90

840.02

Reported Net
Profit

338.9

12,786.34

10,194.00

5,650.20

3,704.72

Total Value
Addition

1,909.80

34,094.83

31,814.00

23,609.80

7,667.60

Preference
Dividend

19

Equity
Dividend

49.7

4,305.88

3,618.00

1,724.70

835.36

Corporate
Dividend Tax

8.1

712.18

615

289.2

139.82

Per share data (annualised)

Shares in
issue (lakhs)

415.35

19,572.21

5,714.03

24,629.35

6,968.70

Earning Per
Share (Rs)

81.59

65.23

178.4

22.94

53.16

Equity
Dividend (%)

120

2,200.00

1,260.00

350

600

Book Value
(Rs)

316.29

165.86

736.64

98.38

146.84

Source : Dion Global Solutions Limited

Yearly Comparison :

------------------- in Rs. Cr. ------------------HCL

Tech

Mindtree

TCS

Infosys

Wipro

Jun '13

Mar '14

Mar '14

Mar '14

Mar '14

12,517.82

3,031.60

64,672.93

44,341.00

39,133.30

Other Income

318.51

37.6

3,114.71

2,576.00

1,235.10

Total Income

12,836.33

3,069.20

67,787.64

46,917.00

40,368.40

Sales Turnover

Total Expenses

7,866.76

2,409.20

43,139.21

31,814.00

29,648.80

Operating Profit

4,651.06

622.4

21,533.72

12,527.00

9,484.50

Profit On Sale Of Assets

--

--

--

--

--

Profit On Sale Of Investments

--

--

--

--

--

Gain/Loss On Foreign Exchange

--

--

--

--

--

VRS Adjustment

--

--

--

--

--

Other Extraordinary Income/Expenses

--

--

--

--

--

Total Extraordinary Income/Expenses

93.54

--

--

--

--

Tax On Extraordinary Items

--

--

--

--

--

Net Extra Ordinary Income/Expenses

--

--

--

--

--

Gross Profit

4,969.57

660

24,648.43

15,103.00

10,719.60

Interest

76.46

0.4

23.41

--

374.7

PBDT

4,986.65

659.6

24,625.02

15,103.00

10,344.90

Depreciation

441.91

80.9

1,080.55

1,101.00

736.7

Depreciation On Revaluation Of Assets

--

--

--

--

--

PBT

4,544.74

578.7

23,544.47

14,002.00

9,608.20

Tax

840.02

127.5

5,069.55

3,808.00

2,220.80

Net Profit

3,704.72

451.2

18,474.92

10,194.00

7,387.40

Prior Years Income/Expenses

--

--

--

--

--

Depreciation for Previous Years Written Back/ Provided

--

--

--

--

--

Dividend

--

--

--

--

--

Dividend Tax

--

--

--

--

--

Dividend (%)

--

--

--

--

--

Earnings Per Share

53.16

108.2

94.32

178.22

29.96

Book Value

--

--

--

--

--

Equity

139.37

41.7

195.87

286

493.2

Reserves

10,093.36

1,599.20

43,856.01

35,772.00

--

Face Value

10