Column1 Column2 Column3

Balance Sheet of Pfizer ------------------- in Rs. Cr. -------------------

Nov '05 Nov '06

12 mths 12 mths

Sources Of Funds
Total Share Capital 29.84 29.84
Equity Share Capital 29.84 29.84
Share Application Money 0 0
Preference Share Capital 0 0
Reserves 346.72 409.91
Revaluation Reserves 0 0
Networth 376.56 439.75
Secured Loans 0 0
Unsecured Loans 0 0
Total Debt 0 0
Total Liabilities 376.56 439.75
Nov '05 Nov '06

12 mths 12 mths

Application Of Funds
Gross Block 170.15 168.14
Less: Accum. Depreciation 94.59 98.19
Net Block 75.56 69.95
Capital Work in Progress 2.14 1.6
Investments 3.32 3.32
Inventories 89.83 98.45
Sundry Debtors 82.82 69.63
Cash and Bank Balance 8.31 12.02
Total Current Assets 180.96 180.1
Loans and Advances 83.24 88.64
Fixed Deposits 201.62 294.48
Total CA, Loans & Advances 465.82 563.22
Deffered Credit 0 0
Current Liabilities 139.19 147.07
Provisions 67.8 64.6
Total CL & Provisions 206.99 211.67
Net Current Assets 258.83 351.55
Miscellaneous Expenses 36.7 13.34
Total Assets 376.55 439.76

Contingent Liabilities 54.3 78.64

Book Value (Rs) 126.19 147.36
Column1 Column2 Column3
Profit & Loss account of Pfizer ------------------- in Rs. Cr. -------------------
Nov '05 Nov '06

12 mths 12 mths

Income
Sales Turnover 724.15 791.98
Excise Duty 63.27 63.02
Net Sales 660.88 728.96
Other Income -18.95 3.33
Stock Adjustments 34.09 10.27
Total Income 676.02 742.56
Expenditure
Raw Materials 240.63 236.01
Power & Fuel Cost 7.96 7.22
Employee Cost 100.14 102.34
Other Manufacturing Expenses 29.83 29.9
Selling and Admin Expenses 147.08 162.35
Miscellaneous Expenses 20.51 22.88
Preoperative Exp Capitalised 0 0
Total Expenses 546.15 560.7
Nov '05 Nov '06

12 mths 12 mths

Operating Profit 148.82 178.53

PBDIT 129.87 181.86
Interest 0.16 0.07
PBDT 129.71 181.79
Depreciation 13.85 13.07
Other Written Off 0 0
Profit Before Tax 115.86 168.72
Extra-ordinary items -0.28 0
PBT (Post Extra-ord Items) 115.58 168.72
Tax 41.13 56.28
Reported Net Profit 68.12 105.73
Total Value Addition 305.51 324.69
Preference Dividend 0 0
Equity Dividend 29.84 37.3
Corporate Dividend Tax 4.19 5.23
Per share data (annualised)
Shares in issue (lakhs) 298.41 298.41
Earning Per Share (Rs) 22.83 35.43
Equity Dividend (%) 100 125
Book Value (Rs) 126.19 147.36

Column1 Column2 Column3

Key Financial Ratios of Pfizer ------------------- in Rs. Cr. -------------------

Nov '05 Nov '06

Investment Valuation Ratios

Face Value 10 10
Dividend Per Share 10 12.5
Operating Profit Per Share (Rs) 47.65 57.58
Net Operating Profit Per Share (Rs) 221.47 244.28
Free Reserves Per Share (Rs) 103.89 132.9
Bonus in Equity Capital 64.02 64.02
Profitability Ratios
Operating Profit Margin(%) 21.51 23.57
Profit Before Interest And Tax Margin(%) 19.04 21.18
Gross Profit Margin(%) 23 25.64
Cash Profit Margin(%) 12.16 15.85
Adjusted Cash Margin(%) 16.9 18.13
Net Profit Margin(%) 10.1 14.1
Adjusted Net Profit Margin(%) 14.85 16.38
Return On Capital Employed(%) 37.54 40.74
Return On Net Worth(%) 18.09 24.04
Adjusted Return on Net Worth(%) 29.45 28.8
Return on Assets Excluding Revaluations 11.67 16.23
Return on Assets Including Revaluations 11.67 16.23
Return on Long Term Funds(%) 37.54 40.74
Liquidity And Solvency Ratios
Current Ratio 2.25 2.66
Quick Ratio 1.75 2.12
Debt Equity Ratio -- --
Long Term Debt Equity Ratio -- --
Debt Coverage Ratios
Interest Cover 899.35 2,505.94
Total Debt to Owners Fund -- --
Financial Charges Coverage Ratio 987.42 2,688.76
Financial Charges Coverage Ratio Post Tax 522.39 1,662.49
Management Efficiency Ratios
Inventory Turnover Ratio 7.5 7.61
Debtors Turnover Ratio 8.55 9.56
Investments Turnover Ratio 8.6 8.63
Fixed Assets Turnover Ratio 8.64 9.79
Total Assets Turnover Ratio 1.76 1.66
Asset Turnover Ratio 3.89 4.34

Average Raw Material Holding 88.73 92.33

Average Finished Goods Held 45.1 50.74
Number of Days In Working Capital 141 173.61
Profit & Loss Account Ratios
Material Cost Composition 36.41 32.37
Imported Composition of Raw Materials Consumed 9.21 26.29
Selling Distribution Cost Composition 13.8 14.16
Expenses as Composition of Total Sales 4.08 3.91
Cash Flow Indicator Ratios
Dividend Payout Ratio Net Profit 49.95 40.23
Dividend Payout Ratio Cash Profit 41.51 35.8
Earning Retention Ratio 66.01 65.37
Cash Earning Retention Ratio 70.14 68.71
AdjustedCash Flow Times -- --

Nov '05 Nov '06

Earnings Per Share 22.83 35.43

Book Value 126.19 147.36

Column1 Column2 Column3

Capital Structure (Pfizer)
Period Instrument Authorized Capit
From To (Rs. cr)
2008 2009 Equity Share
2007 2008 Equity Share
2006 2007 Equity Share
2005 2006 Equity Share
2004 2005 Equity Share
2003 2004 Equity Share
2002 2003 Equity Share
 2001 2002 Equity Share
2000 2001 Equity Share
1999 2000 Equity Share
1998 1999 Equity Share
1994 1998 Equity Share
1981 1999 Equity Share
1977 1981 Equity Share
1972 1977 Equity Share
1970 1972 Equity Share
1968 1970 Equity Share
1967 1968 Equity Share
1966 1967 Equity Share
1965 1966 Equity Share
1964 1965 Equity Share
1963 1964 Equity Share
1961 1963 Equity Share
1960 1961 Equity Share
1958 1960 Equity Share
1956 1958 Equity Share
1952 1956 Equity Share
1951 1952 Equity Share

Column1 Column2 Column3

Cash Flow of Pfizer ------------------- in Rs. Cr. -------------------
Nov '05 Nov '06

12 mths 12 mths

Net Profit Before Tax 132.61 185.38

Net Cash From Operating Activities 102.8 122.97
Net Cash (used in)/from
Investing Activities -73.08 -47.99
Net Cash (used in)/from Financing Activities -46.02 -33.82
Net (decrease)/increase In Cash and Cash Equivalents -16.3 41.16
Opening Cash & Cash Equivalents 26.07 9.78
Closing Cash & Cash Equivalents 9.78 50.94
 Column4 Column5 Column6
s. Cr. -------------------
Nov '07 Nov '08 Nov '09

12 mths 12 mths 12 mths

29.84 29.84 29.84

29.84 29.84 29.84
0 0 0
0 0 0
618.8 869.72 964.49
0 0 0
648.64 899.56 994.33
0 0 0
0 0 0
0 0 0
648.64 899.56 994.33
Nov '07 Nov '08 Nov '09

12 mths 12 mths 12 mths

141.61 139.9 187.81

81.45 89.14 95.32
60.16 50.76 92.49
10.24 32.3 0.8
3.82 3.82 0.5
95.06 124.68 113.37
61.37 59.73 64.39
18.85 22.99 47.34
175.28 207.4 225.1
161.03 1,014.84 408.29
460.94 520.07 480.07
797.25 1,742.31 1,113.46
0 0 0
110.78 125.15 136.76
114.97 804.46 76.14
225.75 929.61 212.9
571.5 812.7 900.56
2.93 0 0
648.65 899.58 994.35

124.25 88.33 97.12

217.36 301.45 333.21
 Column4 Column5 Column6
s. Cr. -------------------
Nov '07 Nov '08 Nov '09

12 mths 12 mths 12 mths

794.27 786.74 870.6

62.97 57.72 39.56
731.3 729.02 831.04
294.55 264.86 46.57
-4.69 22.97 -9.92
1,021.16 1,016.85 867.69

228.5 262.07 279.62

7.94 7.17 8.51
101.7 102.1 123.88
29.05 30.99 33.08
168.87 162.81 174.83
19.05 17.26 18.98
0 0 0
555.11 582.4 638.9
Nov '07 Nov '08 Nov '09

12 mths 12 mths 12 mths

171.5 169.59 182.22

466.05 434.45 228.79
0.02 0 0
466.03 434.45 228.79
9.58 11.12 8.29
0 0 0
456.45 423.33 220.5
1.6 4.3 2.65
458.05 427.63 223.15
111.2 119.44 73.13
338.93 299.12 136.88
326.62 320.32 359.28
0 0 0
 82.06 37.3 37.3
13.95 6.34 6.34

298.41 298.41 298.41

113.58 100.24 45.87
275 125 125
217.36 301.45 333.21

Column4 Column5 Column6

s. Cr. -------------------

Nov '07 Nov '08 Nov '09

10 10 10
27.5 12.5 12.5
54.81 53.79 56.66
245.06 244.3 278.49
206.38 291.45 323.2
64.02 64.02 64.02

22.36 -- --
19.87 -- --
26.71 -- --
44.98 -- --
12.35 13.53 18.36
43.75 37.59 15.2
11.11 -- --
30.42 -- --
52.25 -- --
13.34 10.73 15.79
216.38 301.45 333.21
216.38 301.45 333.21
30.42 24.01 23.15

3.53 1.87 5.23

3.03 1.71 4.55
-- -- --
-- -- --

12,984.10 -- --
-- -- --
13,614.66 -- --
22,929.29 -- --

8.15 -- --
11.17 12.04 13.39
8.89 6.75 8.14
10.33 -- --
1.13 -- --
5.17 5.22 4.43

92.63 82.9 80.38

44.84 58.52 44.33
281.33 401.32 390.11

31.24 35.94 33.64

34.5 31.46 40.66
14.55 13.63 13.25
3.01 3.15 3.07

28.32 14.59 31.88

27.54 14.06 30.06
-11.45 54.81 72.22
-0.29 59.48 73.62
-- -- --

Nov '07 Nov '08 Nov '09

113.58 100.24 45.87

217.36 301.45 333.21

Column4 Column5 Column6 Column7 Column8

Issued Capital- P A I D U P -
(Rs. cr) Shares (nos) Face Value Capital
29.84 29.84 29841440 10 29.84
29.84 29.84 29841440 10 29.84
29.84 29.84 29841440 10 29.84
29.84 29.84 29841440 10 29.84
29.84 29.84 29841440 10 29.84
28.8 28.8 28797540 10 28.8
28.8 28.8 28797540 10 28.8
 23.44 23.44 23440296 10 23.44
23.44 23.44 23440296 10 23.44
23.44 23.44 23440296 10 23.44
11.72 11.72 11720148 10 11.72
11.72 11.72 11720148 10 11.72
11.72 11.72 11720148 10 11.72
10.05 10.05 10045848 10 10.05
5.58 5.58 5581028 10 5.58
3.99 3.99 3986420 10 3.99
3.99 3.99 3987480 10 3.99
2.66 2.66 2198000 10 2.2
2.66 2.66 2198000 10 2.2
2 2 2000000 10 2
0.75 0.75 750000 10 0.75
0.65 0.65 650000 10 0.65
0.65 0.65 65000 100 0.65
0.65 0.65 65000 100 0.65
0.4 0.4 39900 100 0.4
0.1 0.1 9900 100 0.1
0.05 0.05 5000 100 0.05
0.02 0.02 2000 100 0.02

Column4 Column5 Column6

s. Cr. -------------------
Nov '07 Nov '08 Nov '09

12 mths 12 mths 12 mths

467.48 210.66 220.93

16.77 237.3 74.67

232.53 -78.87 -47.55

-75.9 -95.2 -43.32
173.4 63.23 -16.2
306.39 479.79 543.61
479.79 543.02 527.4