Year End

Mar-2015

Mar-2014

Mar-2013

Mar-2012

in IN
Share Capital
Share Warrants & Outstandings
Share Warrants
Total Reserve
Shareholder's Funds
Minority Interest
Secured Loans
Unsecured Loans
Total Debts
Total Liabilities

57,200
200
5,016,200
5,073,600
5,000
5,000
5,078,600

APPLICATION OF FUNDS :
Gross Block
1,781,600
Less: Accumulated Depreciation
647,000
Less: Impairment of Assets
Lease Adjustment A/c
Capital Work in Progress
77,600
Pre-operative Expenses pending
Assets in transit
Investments
726,100
Current Assets, Loans & Advances
Inventories
Sundry Debtors (Debtors)
971,300
Cash and Bank
3,036,700
Other Current Assets
348,800
Loans and Advances
280,200
Total Current Assets
4,637,000
Less : Current Liabilities and Provisions
Current Liabilities
706,000
Provisions
844,300
Total Current Liabilities
1,550,300
Net Current Assets
3,086,700
Miscellaneous Expenses not written
Deferred Tax Assets / Liabilities
53,600
Total Assets
5,078,600

28,600
4,424,400
4,453,000
40,500
40,500
4,493,500

28,600
3,770,800
3,799,400
18,200
18,200
3,817,600

28,600
3,104,600
3,133,200
12,300
12,300
3,145,500

1,395,000
557,200
96,100
694,400

1,138,100
424,200
114,000
397,900

919,400
363,900
59,000
205,400

835,100
2,595,000
323,900
251,400
4,005,400

708,300
2,183,200
263,600
205,300
3,360,400

588,200
2,059,100
265,400
76,600
2,989,300

562,200
640,900
1,203,100
2,802,300
62,900
4,493,500

413,000
396,900
809,900
2,550,500
41,300
3,817,600

308,200
382,000
690,200
2,299,100
26,500
3,145,500

Source: Aceanalyser

Mar-2011
Mar-2010
Mar-2009
Mar-2008
Mar-2007
Mar-2006
in INR Lakhs
28,600
28,600
28,600
28,600
28,600
13,800
###
###
2,569,000
2,276,300
1,796,800
1,350,900
1,096,900
682,800
2,597,600
2,304,900
1,825,400
1,379,500
1,125,500
696,600
400
6,800
###
9,300
###
9,300
###
2,606,900
2,304,900
1,825,400
1,379,500
1,125,900
703,400

850,100
326,600
26,400
161,000

783,900
289,300
40,900
370,200

709,300
241,600
67,700
-

543,900
198,600
132,400
7,200

464,200
183,600
96,500
2,500

298,300
132,800
###
###
57,100
###
###
75,500

465,300
1,666,600
138,100
116,300
2,386,300

349,400
1,055,600
99,400
320,300
1,824,700

367,200
969,500
79,100
248,800
1,664,600

329,700
695,000
70,100
207,000
1,301,800

243,600
583,400
42,600
82,500
952,100

###
160,800
342,900
25,400
104,300
633,400

258,400
264,000
522,400
1,863,900
32,100
2,606,900

234,300
211,200
445,500
1,379,200
20,000
2,304,900

200,400
186,800
387,200
1,277,400
12,600
1,825,400

172,200
246,900
419,100
882,700
11,900
1,379,500

146,900
68,100
215,000
737,100
9,200
1,125,900

93,400
141,200
234,600
398,800
###
6,500
703,400

Year End

Mar-2015

Mar-2014

Mar-2013

Mar-2012

in INR L
Operating Income
EXPENDITURE :
Stock Adjustments
Raw Materials Consumed
Power & Fuel Cost
Employee Cost
Cost of Software developments
Operating Expenses
General and Administration Expenses
Selling and Marketing Expenses
Miscellaneous Expenses
Less: Pre-operative Expenses Capitali
Total Expenditure
PBIDT (Excl OI)
Other Income
Operating Profit
Interest
Gross Profits
Depreciation
Profit Before Taxation & Exceptional It
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
PAT
Minority Interest
Appropriations
Dividend(%)
EPS
Book Value
Source: Aceanalyser

5,331,900

5,013,300

4,035,200

3,373,400

21,900
2,980,200
321,500
34,400
426,500
15,800
43,300
3,843,600
1,488,300
343,000
1,831,300
1,200
1,830,100
101,700
1,728,400
1,728,400
491,100
1,237,300
4,384,600
1,190
108
443

21,900
2,883,100
293,300
22,400
402,400
8,800
42,400
3,674,300
1,339,000
266,400
1,605,400
900
1,604,500
131,700
1,472,800
1,472,800
407,200
1,065,600
3,671,000
1,260
186
779

21,500
2,256,500
223,600
168,000
174,600
17,100
20,100
2,881,400
1,153,800
236,500
1,390,300
500
1,389,800
109,900
1,279,900
1,279,900
337,000
942,900
2,976,700
840
165
664

18,400
1,834,000
143,100
124,000
151,800
15,300
14,100
2,300,700
1,072,700
190,400
1,263,100
400
1,262,700
92,800
1,169,900
1,169,900
336,700
833,200
2,430,700
940
146
548

Mar-2011
Mar-2010
Mar-2009
Mar-2008
Mar-2007
Mar-2006
in INR Lakhs
2,750,100
2,274,200
2,169,300
1,669,200
1,389,300
952,100
16,700
1,485,600
109,200
97,200
126,400
12,000
6,000
1,853,100
897,000
121,100
1,018,100
200
1,017,900
85,400
932,500
932,500
249,000
683,500
2,122,200
1,200
119
454

14,500
1,207,500
72,500
75,500
99,600
9,300
9,200
1,488,100
786,100
94,500
880,600
200
880,400
90,500
789,900
789,900
168,100
621,800
1,682,600
500
109
403

14,700
1,124,500
75,700
106,600
102,900
10,200
59,000
1,493,600
675,700
91,400
767,100
300
766,800
76,100
690,700
690,700
91,900
598,800
1,281,500
470
105
319

12,200
885,300
51,600
85,000
88,000
10,000
13,400
1,145,500
523,700
70,600
594,300
100
594,200
59,800
534,400
534,400
68,500
465,900
960,000
665
81
241

9,700
710,800
51,800
70,700
75,700
21,100
10,500
950,300
439,000
37,200
476,200
100
476,100
51,400
424,700
424,700
38,600
386,100
(1,100)
607,000
230
67
197

###
###
6,800
479,700
33,300
51,400
57,600
11,000
12,500
###
652,300
299,800
23,200
323,000
###
322,900
43,700
279,200
###
279,200
31,300
247,900
(2,100)
387,300
900
89
252

Horizontal Analysis
Revenue Growth
EBITDA growth
Operating profit growth
PAT growth

Mar-2015

Mar-2014
Mar-2013
6.4%
24.2%
19.6%
11.2%
16.1%
7.6%
26.0%
24.1%
25.9%
16.1%
13.0%
13.2%

Common size
Raw Materials Consumed
Power & Fuel Cost
Employee Cost
Cost of Software developments
Operating Expenses
General and Administration Expenses
Selling and Marketing Expenses
Miscellaneous Expenses

0.0%
0.4%
55.9%
6.0%
0.6%
8.0%
0.3%
0.8%

0.0%
0.4%
57.5%
5.9%
0.4%
8.0%
0.2%
0.8%

0.0%
0.5%
55.9%
5.5%
4.2%
4.3%
0.4%
0.5%

Fixed assets as a percentage of total asse

Sundry Debtors (Debtors)
Cash and Bank
Other Current Assets
Loans and Advances

23.9%
19.1%
59.8%
6.9%
5.5%

20.8%
18.6%
57.8%
7.2%
5.6%

21.7%
18.6%
57.2%
6.9%
5.4%

Ratio analysis
Profitability
EBITA Margin
Operating profit margin
Net profit margin
ROA
ROE
ROCE
Effective tax rate

27.9%
26.0%
23.2%
24.4%
24.4%
27.3%
28.4%

26.7%
24.1%
21.3%
23.7%
23.9%
26.9%
27.6%

28.6%
25.9%
23.4%
24.7%
24.8%
27.3%
26.3%

4.70
1.05
#DIV/0!
5.49

5.98
1.12
#DIV/0!
6.00

5.65
1.06
#DIV/0!
5.70

Efficiency
Fixed assets turnover
Total Assets turnover
Inventory turnover
AR turnover

Working capital management

Current ratio
Non Cash Current ratio
Quick ratio
Days sales outstanding
Inventory days
Payable days
Cash coversion cycle
Working capital to sales
Solvency
Debt equity
Debt to total capital
Interest coverage

2.99
1.03
2.99
66.49
0.00
48.33
18.16
16.8%

3.33
1.17
3.33
60.80
0.00
40.93
19.87
16.9%

4.15
1.45
4.15
64.07
0.00
37.36
26.71
18.9%

0.00
0.00
1155.50

0.01
0.01
1341.44

0.00
0.00
2087.80

Market position
PE ratio
Book value
Dividend rate

20.93
443.48
1190

21.93
778.50
1260

22.93
664.23
840

DUPONT
Profit margin
Asset turnover
Equity multiplier

23.2%
1.05
1.00

21.3%
1.12
1.01

23.4%
1.06
1.00

560.01
499.11
621.26
965.47
66.93
740.45
143.64
346.40

526.55
429.85
601.02
880.78
43.58
698.61
80.00
339.20

423.82
380.35
470.40
671.47
326.85
303.13
155.45
160.80

Trend analysis
Operating Income
PAT
Employee Cost
Cost of Software developments
Operating Expenses
General and Administration Expenses
Selling and Marketing Expenses
Miscellaneous Expenses
CAGR
Of revenue
Profit

21.1%
19.6%

Mar-2012
Mar-2011
Mar-2010
Mar-2009
Mar-2008
Mar-2007
Mar-2006
22.7%
20.9%
4.8%
30.0%
20.1%
45.9%
19.6%
14.1%
16.3%
29.0%
19.3%
46.4%
29.0%
29.5%
30.6%
27.6%
27.8%
27.9%
21.9%
9.9%
3.8%
28.5%
20.7%
55.7%

0.0%
0.5%
54.4%
4.2%
3.7%
4.5%
0.5%
0.4%

0.0%
0.6%
54.0%
4.0%
3.5%
4.6%
0.4%
0.2%

0.0%
0.6%
53.1%
3.2%
3.3%
4.4%
0.4%
0.4%

0.0%
0.7%
51.8%
3.5%
4.9%
4.7%
0.5%
2.7%

0.0%
0.7%
53.0%
3.1%
5.1%
5.3%
0.6%
0.8%

0.0%
0.7%
51.2%
3.7%
5.1%
5.4%
1.5%
0.8%

0.0%
0.7%
50.4%
3.5%
5.4%
6.0%
1.2%
1.3%

19.5%
18.7%
65.5%
8.4%
2.4%

21.1%
17.8%
63.9%
5.3%
4.5%

23.2%
15.2%
45.8%
4.3%
13.9%

29.3%
20.1%
53.1%
4.3%
13.6%

34.6%
23.9%
50.4%
5.1%
15.0%

33.5%
21.6%
51.8%
3.8%
7.3%

31.6%
22.9%
48.7%
3.6%
14.8%

31.8%
29.0%
24.7%
26.5%
26.6%
31.2%
28.8%

32.6%
29.5%
24.9%
26.2%
26.3%
31.1%
26.7%

34.6%
30.6%
27.3%
27.0%
27.0%
30.2%
21.3%

31.1%
27.6%
27.6%
32.8%
32.8%
32.8%
13.3%

31.4%
27.8%
27.9%
33.8%
33.8%
33.6%
12.8%

31.6%
27.9%
27.8%
34.3%
34.3%
34.4%
9.1%

31.5%
26.9%
26.0%
35.2%
35.6%
36.8%
11.2%

6.07
1.07
#DIV/0!
5.74

5.25
1.05
#DIV/0!
5.91

4.60
0.99
#DIV/0!
6.51

4.64
1.19
#DIV/0!
5.91

4.83
1.21
#DIV/0!
5.06

4.95
1.23
#DIV/0!
5.70

5.75
1.35
#DIV/0!
5.92

4.33
1.35
4.33
63.64
0.00
33.35
30.30
18.4%

4.57
1.38
4.57
61.76
0.00
34.30
27.46
16.8%

4.10
1.73
4.10
56.08
0.00
37.60
18.47
23.5%

4.30
1.80
4.30
61.78
0.00
33.72
28.07
22.8%

3.11
1.45
3.11
72.09
0.00
37.65
34.44
26.0%

0.00
0.00
2449.75

0.00
0.00
4058.00

0.00
0.00
3478.00

0.00
0.00
1998.67

0.00
0.00
4639.00

23.93
547.76
940

24.93
454.13
1200

25.93
402.95
500

26.93
319.13
470

27.93
241.17
665

28.93
196.77
230

29.93
252.39
900

24.7%
1.07
1.00

24.9%
1.05
1.00

27.3%
0.99
1.00

27.6%
1.19
1.00

27.9%
1.21
1.00

27.8%
1.23
1.00

26.0%
1.35
1.01

354.31
336.10
382.32
429.73
241.25
263.54
139.09
112.80

288.85
275.72
309.69
327.93
189.11
219.44
109.09
48.00

238.86
250.83
251.72
217.72
146.89
172.92
84.55
73.60

227.84
241.55
234.42
227.33
207.39
178.65
92.73
472.00

175.32
187.94
184.55
154.95
165.37
152.78
90.91
107.20

145.92
155.75
148.18
155.56
137.55
131.42
191.82
84.00

100
100
100
100
100
100
100
100

865%

4.43
1.71
4.43
64.00
0.00
38.59
25.41
16.0%

2.70
1.24
2.70
61.64
0.00
35.81
25.84
20.7%

0.00
0.00
0.00
0.00
3876.00 2561.00

Mar-2006

Operating

Analysis of Expenses as Percentage of Revenue

Raw Materials Cons

Power & Fuel Cost
11%
1%
8%

0% 1% 1%

Employee Cost
Cost of Software
developments

Operating Expense

General and Admin

Expenses

78%

Selling and Market

Expenses

Miscellaneous Expe

PAT

Operating Income

Operating Revenue

tage of Revenue for FY 2015

Raw Materials Consumed
Power & Fuel Cost
Employee Cost
Cost of Software
developments
Operating Expenses
General and Administration
Expenses
Selling and Marketing
Expenses
Miscellaneous Expenses

Revenue Growth
EBITDA growth
Operating profit
growth
PAT growth