Mar '18 Mar '17 Mar '16 Mar '15 Mar '14

Profitability Ratios

Return On Capital Employed(%) 31.23 33.25 41.32 40.98 45.27

Return on Assets Including Revaluations 24 20.77 16.32 13.3 10.91

Enterprise Value (Cr.) 57,800.56 49,077.49 43,860.33 46,631.48 31,056.75

Liquidity And Solvency Ratios

Current Ratio 0.95 0.83 0.83 0.89 1.08
Quick Ratio 0.48 0.42 0.47 0.54 0.66
Inventory Turnover Ratio 7.96 8.96 9.48 10 8.83

Average inventory holding period 45.85427 40.73661 38.50211 36.5 41.33635

Debtors’ Turnover Ratio 7.73 9.68 8.98 8.29 11.11
Average Collection Period 47.21863 37.70661 40.64588 44.02895 32.85329
Cost of Goods Sold 2902.69 2779.59 2812.12 2826.09 2562.63
Number of Days In Working Capital -5.15 -14.2 -12.3 -2.19 10.91
 Mar '18 Mar '17 Mar '16 Mar '15 Mar '14

Cost Of Materials 2,060.26 1,843.18 1,847.75 1,921.09 1,817.98

Consumed
Purchase Of Stock-In 916.46 944.6 988.14 937.25 756.97
Trade
Changes In Inventories
Of FG,WIP And Stock-In -74.03 -8.19 -23.77 -32.25 -12.32
Trade
COST OF GOOD SOLD 2,902.69 2,779.59 2,812.12 2,826.09 2,562.63
year solvency ratio profitability ratio
2014 10.57 31,112.93
2015 11.43 46,685.76
2016 10.78 43,917.97
2017 10.21 49,131.51
2018 9.39 57,855.79

SUMMARY OUTPUT

Regression Statistics
Multiple R 0.8535362276
R Square 0.7285240918
Adjusted R Square 0.5927861378
Standard Error 0.5526978127
Observations 4

ANOVA
df SS MS F Significance F
Regression 1 1.639525 1.639525 5.367136 0.146464
Residual 2 0.61095 0.305475
Total 3 2.250475

Coefficients Standard Error t Stat P-value Lower 95%Upper 95%

Lower 95.0%
Intercept 16.5110482915 2.629715 6.278646 0.024441 5.196299 27.8258 5.196299
31112.93 -0.0001226482 5.29E-05 -2.31671 0.146464 -0.00035 0.000105 -0.00035
Upper 95.0%
27.8258
0.000105
Profit & Loss -------------
------ in
account of Rs. Cr.
-------------
Dabur India ------

Mar 18 17-Mar 16-Mar 15-Mar 14-Mar

12 mths 12 mths 12 mths 12 mths 12 mths

INCOME
Revenue From Operations 5,552.26 5,357.84 5,822.23 5,493.39 4,913.11
[Gross]
Less: Excise/Sevice 16.77 79.19 82.53 74.38 56.14
Tax/Other Levies
Revenue From Operations 5,535.49 5,278.65 5,739.70 5,419.01 4,856.97
[Net]

Other Operating Revenues 56.8 12 10.3 12.27 13.11

Total Operating Revenues 5,592.29 5,290.65 5,750.00 5,431.28 4,870.08

Other Income 283.23 274.64 196.64 137.85 109.57

Total Revenue 5,875.52 5,565.29 5,946.64 5,569.13 4,979.65
EXPENSES
Cost Of Materials 2,060.26 1,843.18 1,847.75 1,921.09 1,817.98
Consumed

Purchase Of Stock-In Trade 916.46 944.6 988.14 937.25 756.97

Changes In Inventories Of -74.03 -8.19 -23.77 -32.25 -12.32

FG,WIP And Stock-In Trade

Employee Benefit Expenses 461.13 425.3 431.77 392.99 343.93

Finance Costs 21.89 16.23 9.83 9.89 19.35

Depreciation And 102.5 75.43 72.82 65.97 53.89
Amortisation Expenses
Other Expenses 999.64 974.39 1,407.36 1,273.70 1,137.80
Total Expenses 4,487.85 4,270.94 4,733.90 4,568.64 4,117.60
18-Mar 17-Mar 16-Mar 15-Mar 14-Mar

12 mths 12 mths 12 mths 12 mths 12 mths

Profit/Loss Before
Exceptional, ExtraOrdinary 1,387.67 1,294.35 1,212.74 1,000.49 862.05
Items And Tax

Exceptional Items -14.54 0 0 -23.96 0

Profit/Loss Before Tax 1,373.13 1,294.35 1,212.74 976.53 862.05

Tax Expenses-Continued Operations

Current Tax 340.33 310.83 259.11 204.35 180.48

Deferred Tax -39.25 -14.81 14.12 9.6 8.46
Tax For Earlier Years 0 0 0 0 0.29
Total Tax Expenses 301.08 296.02 273.23 213.95 189.23

Profit/Loss After Tax And 1,072.05 998.33 939.51 762.58 672.82

Before ExtraOrdinary Items

Extraordinary Items 0 0 0 0 -0.72

Profit/Loss From Continuing 1,072.05 998.33 939.51 762.58 672.1
Operations

Profit/Loss For The Period 1,072.05 998.33 939.51 762.58 672.1

 Mar '18 Mar '17 Mar '16 Mar '15

Investment Valuation Ratios

Face Value 1 1 1 1
Dividend Per Share 7.5 2.25 2.25 2
Operating Profit Per Share (Rs) 6.98 6.31 6.25 5.34
Net Operating Profit Per Share (Rs) 31.75 30.03 32.69 30.92
Free Reserves Per Share (Rs) -- -- -- --
Bonus in Equity Capital 92.66 92.66 92.79 92.87
Profitability Ratios
Operating Profit Margin(%) 21.97 21 19.1 17.27
Profit Before Interest And Tax Margin(%) 19.16 18.61 17.25 15.66
Gross Profit Margin(%) 20.14 19.58 17.84 16.06
Cash Profit Margin(%) 20.23 19.29 17.02 15.3
Adjusted Cash Margin(%) 20.23 19.29 17.02 15.3
Net Profit Margin(%) 19.17 18.86 16.33 14.04
Adjusted Net Profit Margin(%) 18.24 17.93 15.79 13.69
Return On Capital Employed(%) 31.23 33.25 41.32 40.98
Return On Net Worth(%) 25.36 27.29 32.71 32.64
Adjusted Return on Net Worth(%) 25.7 27.29 32.71 33.66
Return on Assets Excluding Revaluations 24 20.77 16.32 13.3
Return on Assets Including Revaluations 24 20.77 16.32 13.3
Return on Long Term Funds(%) 31.83 33.96 42.57 43.24
Liquidity And Solvency Ratios
Current Ratio 0.95 0.83 0.83 0.89
Quick Ratio 0.48 0.42 0.47 0.54
Debt Equity Ratio 0.07 0.08 0.03 0.06
Long Term Debt Equity Ratio 0.05 0.05 -- --
Debt Coverage Ratios
Interest Cover 64.39 80.75 124.37 102.16
Total Debt to Owners Fund 0.07 0.08 0.03 0.06
Financial Charges Coverage Ratio 69.08 85.4 131.78 108.83
Financial Charges Coverage Ratio Post Tax 54.66 67.16 103.98 84.78
Management Efficiency Ratios
Inventory Turnover Ratio 7.96 8.96 9.48 10
Debtors Turnover Ratio 17.09 14.03 15.14 16.41
Investments Turnover Ratio 7.96 8.96 9.48 10
Fixed Assets Turnover Ratio 3.59 3.68 5.05 5.06
Total Assets Turnover Ratio 1.24 1.35 1.97 2.22
Asset Turnover Ratio 1.32 1.53 2.12 2.46

Average Raw Material Holding -- -- -- --

Average Finished Goods Held -- -- -- --
Number of Days In Working Capital -5.15 -14.2 -12.3 -2.19
Profit & Loss Account Ratios
Material Cost Composition 53.58 53 49.61 52.94
Imported Composition of Raw Materials Consumed -- -- 3.34 1.95
Selling Distribution Cost Composition 8.26 7.9 8.27 11.9
Expenses as Composition of Total Sales 3.62 2.98 3.27 3.68
Cash Flow Indicator Ratios
Dividend Payout Ratio Net Profit 44.49 39.7 42.12 46.06
Dividend Payout Ratio Cash Profit 40.61 36.91 39.09 42.39
Earning Retention Ratio 56.1 60.3 57.88 55.34
Cash Earning Retention Ratio 59.89 63.09 60.91 58.8
AdjustedCash Flow Times 0.24 0.26 0.09 0.15
Mar '14

1
1.75
4.73
27.93
--
93.24

16.95
15.49
15.84
14.59
14.59
13.8
13.49
45.27
35.33
35.36
10.91
10.91
46.33

1.08
0.66
0.02
--

45.55
0.02
48.34
38.52

8.83
16.84
8.83
4.84
2.52
2.57

--
--
10.91

53.2
0.86
--
4.51

45.4
42.03
54.65
58.01
0.06