Balance Sheet of Tata Steel

in Rs. Cr.

Mar '11

Mar '10

12 mths

12 mths

Sources Of Funds
Total Share Capital

959.41

887.41

Equity Share Capital

959.41

887.41

Share Application Money

178.2

Preference Share Capital

Reserves

45,807.02

36,281.34

Revaluation Reserves

Networth(total shareholders fund)+foreign

currency monetory item translation
difference account

46,944.63

37,168.75

Secured Loans+hybrid perpetual securities

3,509.20

2,259.32

Unsecured Loans

26,291.94

22,979.88

Total Debt

29,801.14

25,239.20

Total Liabilities

76,745.77

62,407.95

Mar '11

Mar '10

12 mths

12 mths

Application Of Funds
Gross Block

29,815.64

22,306.07

Less: Accum. Depreciation

11,041.16

10,143.63

Net Block

18,774.48

12,162.44

3,843.59

46,564.94

44,979.67

3,953.76

3,077.75

428.03

434.83

Cash and Bank Balance

4,141.54

500.3

Total Current Assets

8,523.33

4,012.88

Loans and Advances

15,688.97

6,678.55

2,733.84

24,212.30

13,425.27

Current Liabilities

8,384.63

8,699.34

Provisions

4,421.32

3,303.68

Total CL & Provisions

12,805.95

12,003.02

Net Current Assets

11,406.35

1,422.25

Total Assets

76,745.77

62,407.95

Contingent Liabilities

12,479.85

13,184.61

487.55

418.94

Capital Work in Progress

Investments
Inventories(stock in trade + stores and
spare parts)
Sundry Debtors

Fixed Deposits
Total CA, Loans & Advances
Deffered Credit

Miscellaneous Expenses

Book Value (Rs)

in Rs. Cr.

Mar '09

Mar '08

Mar '07

12 mths

12 mths

12 mths

6,203.45

6,203.30

580.67

730.79

730.78

580.67

147.06

total assets - total current liabilities and provisions - long and short t
5,472.66

5,472.52

23,501.15

21,097.43

13,368.42

29,704.60

27,300.73

14,096.15

3,913.05

3,520.58

3,758.92

23,033.13

14,501.11

5,886.41

26,946.18

18,021.69

9,645.33

56,650.78

45,322.42

23,741.48

Mar '09

Mar '08

Mar '07

12 mths

12 mths

12 mths

20,057.01

16,479.59

16,029.49

9,062.47

8,223.48

7,486.37

10,994.54

8,256.11

8,543.12

3,487.68

4,367.45

2,497.44

42,371.78

4,103.19

6,106.18

3,480.47

2,604.98

2,332.98

635.98

543.48

631.63

463.58

465

446.51

4,580.03

3,613.46

3,411.12

5,884.61

34,582.84

4,025.95

1,127.02

0.04

7,234.84

11,591.66

38,196.34

14,671.91

8,965.76

6,842.26

6,349.24

2,934.19

2,913.52

1,930.46

11,899.95

9,755.78

8,279.70

-308.29

28,440.56

6,392.21

105.07

155.11

202.53

56,650.78

45,322.42

23,741.48

12,188.55

9,250.08

7,185.93

331.68

298.78

240.31

ent liabilities and provisions - long and short term debt-deferred income taxes - minority interest = shareholder's equity

7.16

5.69

0.45

0.40

7.27

0.146251 0.135781 0.175116 0.171681 0.299525

#DIV/0!

#DIV/0!

Profit & Loss account of Tata

Steel

------------------- in Rs. Cr. ----Mar '11

Mar '10

12 mths

12 mths

Income
Sales Turnover

31,902.14

26,757.60

Excise Duty

2,594.59

1,816.95

Net Sales

29,307.55

24,940.65

Other Income

790.67

1,241.08

Stock Adjustments

173.65

-134.97

Total Income
Expenditure
Raw Materials

30,271.87

26,046.76

7,855.10

8,356.45

Power & Fuel Cost

1,558.49

1,383.44

Employee Cost

2,618.27

2,361.48

Other Manufacturing Expenses

30.89

2,419.89

Selling and Admin Expenses

417.9

Miscellaneous Expenses

6,184.37

1,287.04

Preoperative Exp Capitalised

-198.78

-326.11

Total Expenses

18,048.34

15,900.09

Mar '11

Mar '10

12 mths

12 mths

Operating Profit
PBDIT
Interest
PBDT

11,432.86
12,223.53
1,300.49
10,923.04

8,905.59
10,146.67
1,848.19
8,298.48

Depreciation

1,146.19

1,083.18

Other Written Off

Profit Before Tax

9,776.85

7,215.30

Extra-ordinary items

-4.54

PBT (Post Extra-ord Items)

9,772.31

7,215.30

Tax

2,911.16

2,168.50

Reported Net Profit

6,865.69

5,046.80

Total Value Addition

10,193.24

7,543.64

Preference Dividend

45.88

Equity Dividend

1,151.06

709.77

Corporate Dividend Tax

156.71

122.8

Shares in issue (lakhs)

9,592.14

8,872.14

Earning Per Share (Rs)

71.58

56.37

Per share data (annualised)

Equity Dividend (%)

120

80

Book Value (Rs)

487.55

418.94

------------------- in Rs. Cr. ------------------Mar '09

Mar '08

Mar '07

12 mths

12 mths

12 mths

26,843.53

22,191.43

19,756.84

2,495.21

2,537.02

2,304.18

24,348.32

19,654.41

17,452.66

603.07

586.41

362.12

289.27

38.73

82.47

25,240.66

20,279.55

17,897.25

8,568.71

6,063.53

5,762.42

1,222.48

1,038.77

1,027.84

2,305.81

1,589.77

1,454.83

2,127.48

1,654.96

1,561.40

400.24

247.77

244.92

1,180.08

1,029.30

805.99

-343.65

-175.5

-236.02

19.23%

-0.32%

20.96%

12.32%

17.51%

2.43%

23.88%

12.62%

0.13836

15,461.15

11,448.60

10,621.38

Mar '09

Mar '08

Mar '07

12 mths

12 mths

12 mths

9,176.44
9,779.51
1,489.50
8,290.01

8,244.54
8,830.95
929.03
7,901.92

6,913.75
7,275.87
251.25
7,024.62

973.4

834.61

819.29

7,316.61

7,067.31

6,205.33

57.29

7,316.61

7,067.31

6,262.62

2,114.87

2,380.28

2,040.47

5,201.74

4,687.03

4,222.15

6,892.44

5,385.07

4,858.96

109.45

22.19

1,168.95

1,168.93

943.91

214.1

202.43

160.42

7,305.92

7,305.84

5,804.73

69.7

63.85

72.74

160

160

155

331.68

298.78

240.31

########

ROE = Net Profit Margin * Asset turnover * Equity Multiplier

Net Profit Margin = Net Income / revenue
Asset turnover = Revenue / Assets
Equity multiplier = Assets / Shareholder's equity

application of fund = total fixed assets + investments +

net current assets + miscellaneous expenses

Mar '11

Mar '09

Mar '08

12 mths
12 mths
12 mths
Net Profit Margin
0.2152
0.1886
0.1938
Asset turnover = total sales/total net assets - investments+current
liabilities and provisions
0.7421
0.9092
1.0254
Equity Multiplier
1.0221
0.8802
0.9185
Operating profit margin
0.3472
0.3387
0.3281
ROE
16.32%
15.09%
18.25%

12 mths
0.2112
0.4353
2.4627
0.3603
22.64%

shareholders equity
ROE

27,300.73
0.1716815

46,944.63
0.146250807

Mar '10

37,168.75
0.13578073

29,704.60
0.175115639

Mar '07
12 mths
0.2137
0.7624
1.8384
0.3268
29.95%

14,096.15
0.299525048

FINANCIAL RATIO
7.156158472 5.687112 7.117968 6.413736

7.27117

Profitability ratio
Solvency ratio
Leverage ratio

Coverage ratio

Debt to net profit ratio

FINANCIAL RATIO

Debt to equity
Operating leverage
Financial Leverage

FORMULA
ROE = Net Profit Margin * Asset turnover *
Equity Multiplier
sec loans+unsecured loans/ Net worth
Revenue - variabl cost / EBIT
EBIT/ Net income

Debt service coverage

ratio

EBIT/ Debt serviced(Intrest + repayment of

borrowings+long term loan expenses)

1.90

0.99

3.64

Interest coverage ratio

EBIT/Interest(net finance charges)

8.52

4.90

5.91

ROE

Mar '11

Mar '10

Mar '09

16.32%

15.09%

18.25%

0.63

0.68

0.91

1.61

1.80

1.69

4.340589

5.00103 5.180224

Mar '08

Mar '07

22.64%

29.95%

0.66

0.68

1.71

1.53

0.69

6.08

8.61

25.70

3.845013 2.284459