Professional Documents
Culture Documents
Balance Sheet
Year
SOURCES OF FUNDS :
Share Capital
Reserves Total
Equity Share Warrants
Equity Application Money
Total Shareholders Funds
Minority Interest
Secured Loans
Unsecured Loans
Total Debt
Policy Holders Fund
Other Liabilities
Total Liabilities
APPLICATION OF FUNDS :
Gross Block
Less: Accumulated Depreciation
Less: Impairment of Assets
Net Block
Lease Adjustment
Capital Work in Progress
Producing Properties
Investments
Current Assets, Loans & Advances
Inventories
Sundry Debtors
Cash and Bank
Loans and Advances
Total Current Assets
Less : Current Liabilities and Provisions
Current Liabilities
Provisions
Total Current Liabilities
Net Current Assets
Miscellaneous Expenses not written off
Deferred Tax Assets
Deferred Tax Liability
Net Deferred Tax
Other Assets
Total Assets
Mar 13
Mar 12
Mar 11
Mar 10
Mar 09
23.91
531.67
0
2.29
557.87
2.26
27.34
352.66
380
0
162.57
1,102.70
23.89
385.28
0
0
409.17
2.18
27.26
576.95
604.21
0
140.85
1,156.41
23.89
302.14
0
0
326.03
2.08
431.24
186.69
617.93
0
142.01
1,088.05
23.89
258.91
0
0
282.8
2.16
520.51
136.45
656.96
0
0
941.92
23.89
697.48
0
0
721.37
3.7
166.04
108.78
274.82
0
0
999.89
1,388.54
651.74
0
736.8
0
147.3
0
108.2
1,215.54
591.15
0
624.39
0
111.26
0
248.51
1,047.18
542.29
0
504.89
0
12.82
0
388.51
1,010.54
511.2
0
499.34
0
10.16
0
366.44
921.65
451.14
0
470.51
0
6.3
0
377.34
374.67
122.81
102.93
188.77
789.18
431.76
113.01
61.33
161.24
767.34
346.95
80.96
76.88
72.75
577.54
304.21
73.27
42.75
211.05
631.28
288.69
74
68.84
179.19
610.72
632.28
135.73
768.01
21.17
0
27.07
39.83
-12.76
101.99
1,102.70
551.33
126.7
678.03
89.31
0
25.32
32.93
-7.61
90.55
1,156.41
425.29
99.71
525
52.54
0
24.88
30.63
-5.75
135.04
1,088.05
384
187.4
571.4
59.88
0
31.9
25.8
6.1
0
941.92
330.11
151.92
482.03
128.69
27
15.44
25.39
-9.95
0
999.89
Contingent Liabilities
50.78
43.87
116.61
278.5
169.72
147.3
111.26
12.82
10.16
6.3
5,544.58
59.21
5,485.37
59.14
14.03
5,558.54
4,642.90
33.52
4,609.38
59.01
15.68
4,684.07
3,869.02
91.01
226.75
467.67
920.63
197.36
0
5,772.44
472.88
41.3
431.58
73.15
0
358.43
93.4
0
5.15
259.88
0.08
-0.3
259.5
15.95
243.55
0
149.59
0
142.33
266.76
101.66
0
425
3,546.80
72.87
211.15
393.22
786.52
177.97
0
5,188.53
370.01
41.6
328.41
61.83
0
266.58
64.99
0
1.86
199.73
0.1
-0.08
199.55
18.92
180.63
0
86.72
0
136.68
149.59
101.53
0
425
3,043.29
56.54
177.49
319.89
663.96
127.21
0
4,388.38
295.69
43.63
252.06
64.91
0
187.15
40.94
0
12
134.21
-0.07
0.07
134.35
14.41
119.94
0
57.13
0
104.76
86.72
77.64
0
325
20.29
10.63
20.26
10.63
46.47
15.34
10.18
15.33
10.19
34.25
27.29
6.3
61%
10.16
26%
3,452.26
31.03
3,421.23
82.72
19.62
3,523.57
2,438.74
45.47
164.51
282.13
602.91
134.4
0
3,668.16
190.24
23.45
166.79
58.23
0
108.56
21.5
0
-16.04
103.1
0.14
0.22
103.18
-19.3
122.48
0
35.3
0
81.35
57.13
59.73
0
250
2,138.69
51.48
158.71
257.5
499.79
122.77
0
3,228.94
294.63
32.6
262.03
65.91
0
196.12
34.65
5.46
12.77
143.24
-8.03
0.21
151.48
19.22
132.26
0
14.62
0
130.8
35.3
95.56
0
400
Finanacial Ratio
Finanacial Ratio
Liquidity Analysis
Net Current Assets
Working Capital (excluding cash)
Current Ratio
Debtors Collection Period
Inventory Days
Operating Cycle
Suppliers Payment Period
Cash to Cash Cycle
Profitability Analysis
Return on Assets
Return on Equity
Return on Capital Employed
Profit Margin
EBITDA Margin
EBIT Margin
Gross Profit Margin
Solvency Ratios
Asset Turnover Ratio
Inventory Turnover Ratio
Debt to Equity Ratio
Dupont Analysis
So first,
Net Profit margin =
Asset Turnover =
Leverage =
39
53.16
39.04
56.61
118.38
301.95
12.82
768%
111.26
32%
147.3
Mar 12(12)
21.17
-81.76
1.027564745
7.24699737
23.69094352
30.93794089
49.90102972
-18.9630888
89.31
27.98
1.13172
7.519757
30.37323
37.89298
53.98043
-16.0874
52.54
-24.34
1.10007619
6.41092728
28.857289
35.2682163
48.036428
-12.768212
59.88
17.13
1.104795
7.088308
30.27039
37.3587
62.81547
-25.4568
128.69
59.85
1.266975
7.894821
32.63357
40.52839
69.03591
-28.5075
24%
47%
43%
4%
8%
13%
8%
17%
49%
30%
4%
7%
12%
6%
12%
41%
24%
3%
6%
10%
5%
11%
36%
14%
3%
5%
8%
3%
14%
20%
23%
4%
9%
14%
6%
Sales/Total Assets
COGS/Inventory
Total Liabilities/Equity
4%
4%
3%
3%
4%
5.609331641 4.743447 4.23636781 4.005552 3.421606
1.976625379 2.826234 3.33726958 3.330693 1.386099
7%
222%
Dec 12
Dec 11
Dec 10
Dec 09
Dec 08
SOURCES OF FUNDS :
Share Capital
Reserves Total
Equity Share Warrants
Equity Application Money
96.42
1,701.99
0
0
96.42
1,177.54
0
0
96.42
759
0
0
96.42
484.85
0
0
96.42
376.93
0
0
1,798.41
1,273.96
855.42
581.27
473.35
Secured Loans
Unsecured Loans
0.24
1,049.95
0.84
970.03
0
0
0
0
0
0
Total Debt
1,050.19
970.87
Other Liabilities
1,025.05
885.13
Total Liabilities
APPLICATION OF FUNDS :
3,873.65
3,129.96
855.42
581.27
473.35
Gross Block
Less : Accumulated Depreciation
Less:Impairment of Assets
Net Block
Lease Adjustment
Capital Work in Progress
Investments
Current Assets, Loans & Advances
Inventories
Sundry Debtors
Cash and Bank
Loans and Advances
Total Current Assets
Less : Current Liabilities and Provisions
Current Liabilities
Provisions
Total Current Liabilities
Net Current Assets
Miscellaneous Expenses not written off
Deferred Tax Assets
Deferred Tax Liability
Net Deferred Tax
Other Assets
4,427.56
1,216.44
6.85
3,204.27
0
344.08
364.86
2,552.21
966.07
10.39
1,575.75
0
1,371.78
134.37
1,854.70
841.96
0
1,012.74
0
348.91
150.68
1,640.79
734.27
10.32
896.2
0
79.63
203.26
1,404.84
651.54
0.31
752.99
0
109.17
34.9
745.58
87.57
236.96
55.15
1,125.26
734.04
115.42
227.21
79.3
1,155.97
575.95
63.29
255.29
151.44
1,045.97
498.74
64.19
155.58
138.05
856.56
434.91
45.59
193.69
123.76
797.95
1,097.43
30.76
1,128.19
-2.93
0
72.32
234.4
-162.08
125.45
1,009.53
212.07
1,221.60
-65.63
0
60.52
110.74
-50.22
163.91
761.67
907.94
1,669.61
-623.64
0
48.74
82.01
-33.27
0
587.59
834.79
1,422.38
-565.82
0
46.8
78.8
-32
0
507.46
677.32
1,184.78
-386.83
0
38.91
75.79
-36.88
0
3,873.65
3,129.96
855.42
581.27
473.35
11.7
Total Assets
Contingent Liabilities
Dec 12(12)
Dec 11(12)
Dec 10(12)
Dec 09(12)
8,614.15
279.62
8,334.53
31.03
92.02
8,457.58
7,697.31
182.76
7,514.55
27.16
48.28
7,589.99
6,376.58
121.84
6,254.74
42.65
82.94
6,380.33
5,222.42
93.04
5,129.38
37.8
8.65
5,175.83
3,238.44
370.89
663.38
815.2
1,375.75
137.55
0
6,601.21
1,856.37
26.6
1,829.77
277.15
1,552.62
372.83
0
111.86
1,067.93
-10.7
1,078.63
0
656.89
0
650.27
1,074.55
467.62
0
485
102.89
3,052.64
295.81
546.46
753.26
1,236.55
158.91
0
6,043.63
1,546.36
5.11
1,541.25
153.33
1,387.92
416.14
0
10.23
961.55
-4.01
965.56
0
334.5
0
639.16
656.89
467.62
0
485
91.91
2,655.79
219.2
422.82
647.17
1,083.83
77.58
0
5,106.39
1,273.94
1.08
1,272.86
127.75
1,145.11
325.17
0
1.27
818.67
-5.67
824.34
0
142.52
0
626.69
334.5
467.62
0
485
76.9
2,073.25
158.87
424.36
495.36
907.17
87.17
0
4,146.18
1,029.65
1.4
1,028.25
111.27
916.98
265.34
1.52
-4.88
655
-2.17
657.17
0
100.11
0
612.59
142.52
467.62
0
485
59.69
186.52
132.13
88.72
60.29
Dec 08(12)
4,471.06
143.39
4,327.67
33.89
31.12
4,392.68
1,785.51
159.76
306.92
476.36
723.32
73.99
0
3,525.86
866.82
1.64
865.18
92.36
772.82
222.31
8.25
8.18
534.08
-1.91
535.99
0
12.52
0
446.49
100.11
409.77
0
425
48.17
49.09
Finanacial Ratio
Year
Liquidity Analysis
Net Current Assets
Working Capital (excluding cash)
Current Ratio
Debtors Collection Period
Inventory Days
Operating Cycle
Suppliers Payment Period
Cash to Cash Cycle
Profitability Analysis
Return on Assets
Return on Equity
Return on Capital Employed
Profit Margin
EBITDA Margin
EBIT Margin
Gross Profit Margin
Solvency Ratios
Asset Turnover Ratio
Inventory Turnover Ratio
Debt to Equity Ratio
Dupont Analysis
Dupont
So first,
Net Profit margin
Asset Turnover
Leverage
Sales/Total Assets
COGS/Inventory
Total Liabilities/Equity
26.27
30.44
30.44
30.44
-200.94
-224.85
-125.14
-163.25
0.95
0.63
0.60
0.67
5.606231 3.693334975 4.567677 3.845106
44.33173 41.16836944 43.9055 45.02225
49.93796 44.86170441 48.47318 48.86736
73.77751 119.3421674 125.2162 122.6494
-23.8395 -74.48046295
-76.743 -73.7821
30.72%
75.48%
62.06%
12.80%
21%
19%
21%
95.70%
95.70%
133.99%
13.09%
20%
18%
20%
112.68%
112.68%
158.00%
12.77%
20%
18%
21%
112.83%
112.83%
163.61%
12.34%
20%
18%
21%
2.151596 2.400845
8.8537917 8.23338
2.1539304 2.456875
12.81%
12.80%
2.151596 2.400845
2.1539304 2.456875
13.09%
12.77%
12.34%
7.311893573 8.824436 9.142643
1
1
1
Year
SOURCES OF FUNDS :
Share Capital
Reserves Total
Equity Share Warrants
Equity Application Money
Total Shareholders Funds
Minority Interest
Secured Loans
Unsecured Loans
Total Debt
Policy Holders Fund
Other Liabilities
Total Liabilities
APPLICATION OF FUNDS :
Gross Block
Less: Accumulated Depreciation
Less: Impairment of Assets
Net Block
Lease Adjustment
Capital Work in Progress
Producing Properties
Investments
Current Assets, Loans & Advances
Inventories
Sundry Debtors
Cash and Bank
Loans and Advances
Total Current Assets
Less : Current Liabilities and Provisions
Current Liabilities
Provisions
Total Current Liabilities
Net Current Assets
Miscellaneous Expenses not written off
Deferred Tax Assets
Deferred Tax Liability
Net Deferred Tax
Other Assets
20.14
19.52
79.32
7.6
86.92
62.6
0
0
15.6
-15.6
65.21
2.89
68.1
58.14
0
0.89
13.46
-12.57
Total Assets
Contingent Liabilities
248.18
8.2
240.6
7.21
246.87
7.25
271.17
0
263.45
0
Year
INCOME :
Sales Turnover
Excise Duty
Net Sales
Other Income
Stock Adjustments
Total Income
EXPENDITURE :
Raw Materials
Power & Fuel Cost
Employee Cost
Other Manufacturing Expenses
Selling and Administration Expenses
Miscellaneous Expenses
Less: Pre-operative Expenses Capitalised
Total Expenditure
Operating Profit
Interest
Gross Profit
Depreciation
Profit Before Tax
Tax
Fringe Benefit tax
Deferred Tax
Reported Net Profit
Extraordinary Items
Adjusted Net Profit
Adjst. below Net Profit
P & L Balance brought forward
Statutory Appropriations
Appropriations
P & L Balance carried down
Dividend
Preference Dividend
Equity Dividend %
Earnings Per Share-Unit Curr
Earnings Per Share(Adj)-Unit Curr
Book Value-Unit Curr
1,393.79
0.38
1,393.41
3.21
47.62
1,444.24
1,096.18
0.1
1,096.08
4.81
-3.72
1,097.17
900.43
0.05
900.38
3.08
8.87
912.33
1,159.59
43.24
87.18
62.99
104.62
8.89
0
1,466.51
105.08
19.41
85.67
22.02
63.65
12.31
0
1.38
49.96
-0.95
50.91
0
5.19
0
29.05
26.1
3.46
0
30
42.56
1,129.56
36.77
69.17
53.62
92.37
5.96
0
1,387.45
56.79
22.03
34.76
21.19
13.57
2.89
0
1.35
9.33
-0.83
10.16
0
2.04
0
6.18
5.19
2.31
0
20
7.77
834.81
29.06
59.56
47.29
80.46
3.65
0
1,054.83
42.34
19.45
22.89
19.94
2.95
0.63
0
1.2
1.12
-0.19
1.31
0
2.68
0
1.76
2.04
1.38
0
12
0.77
670.71
24.89
48.51
38.32
74.34
2.44
0
859.21
53.12
22.62
30.5
19.64
10.86
2.23
0
3.03
5.6
-0.21
5.81
0
0
0
2.92
2.68
2.08
0
18
4.56
122.32
80.77
75.06
75.34
Financial Ratios
Mar 09(12)
796.03
0
796.03
3.23
-3.76
795.5
600.46
26
48.8
36.43
72.24
2.73
0
786.66
8.84
20.48
-11.64
17.22
-28.86
0.17
0.45
6.13
-35.61
-0.39
-35.22
0
12.11
0
-23.5
0
0
0
0
0
70.05
Year
Liquidity Analysis
Net Current Assets
Working Capital (excluding cash)
Current Ratio
Debtors Collection Period
Inventory Days
Operating Cycle
Suppliers Payment Period
Cash to Cash Cycle
Profitability Analysis
Return on Assets
Return on Equity
Return on Capital Employed
Profit Margin
EBITDA Margin
EBIT Margin
Gross Profit Margin
Solvency Ratios
Asset Turnover Ratio
Inventory Turnover Ratio
Debt to Equity Ratio
Dupont Analysis
Dupont
So first,
Net Profit margin
Asset Turnover
Leverage
Sales/Total Assets
COGS/Inventory
Total Liabilities/Equity
Mar 13(12) Mar 12(12) Mar 11(12) Mar 10(12) Mar 09(12)
3.92
-29.15
1.09
0.184572
20.4314
20.61597
35.56392
-14.948
-1.05
-31.17
1.06
0.041912
24.58413
24.62604
39.67134
-15.0453
12.68
-16.65
1.16
0.076591
22.86203
22.93862
39.56822
-16.6296
20.13%
35.27%
58.63%
3.12%
7%
5%
8%
3.88%
10.06%
37.97%
0.67%
4%
3%
0%
0.45%
1.30%
25.95%
0.10%
4%
2%
4%
62.6
58.14
37.97
27.09
1.89
1.94
0.089185 0.100875595
32.41716 22.91631709
32.50635 23.01719268
36.92438 31.59751354
-4.41804 -8.580320856
2.07%
6.46%
35.02%
0.62%
6%
4%
5%
-13.52%
-42.47%
-9.16%
-4.47%
1%
-1%
1%
59.14041605
15.92751569
22.84908933
3.12%
0.67%
0.10%
0.62%
75.27303 71.12864 60.75831 57.71667
0.150219 0.211167 0.20899 0.179972
-4.47%
59.14041605
0.160524747
Year
SOURCES OF FUNDS :
Share Capital
Reserves Total
Equity Share Warrants
Equity Application Money
Total Shareholders Funds
Secured Loans
Unsecured Loans
Total Debt
Other Liabilities
Total Liabilities
APPLICATION OF FUNDS :
Gross Block
Less : Accumulated Depreciation
Less:Impairment of Assets
Net Block
Lease Adjustment
Capital Work in Progress
Investments
Current Assets, Loans & Advances
Inventories
Sundry Debtors
Cash and Bank
Loans and Advances
Total Current Assets
Less : Current Liabilities and Provisions
Current Liabilities
Provisions
Total Current Liabilities
Net Current Assets
Miscellaneous Expenses not written off
Deferred Tax Assets
Deferred Tax Liability
Net Deferred Tax
Other Assets
Total Assets
Contingent Liabilities
Mar 12
Mar 11
Mar 10
Mar 09
Mar 08
20.32
159.35
0
0
179.67
565.25
101.33
666.58
0.31
846.56
20.32
70.73
0
0
91.05
342.57
81.94
424.51
0.34
515.9
18.2
29.28
0
0
47.48
168.26
50.64
218.9
0
266.38
18.2
13.86
0
0
32.06
60.24
30.56
90.8
0
122.86
18.2
6.61
0
0
24.81
18.24
16.05
34.29
0
59.1
89.14
25.13
0
64.01
0
0.09
1.43
59.74
17.83
0
41.91
0
0
0
32.2
14.35
0
17.85
0
0.39
0
21.37
12.52
0
8.85
0
0.22
0
19.7
11.33
0
8.37
0
0
0
98.74
656.24
8.89
38.6
802.47
63.42
414.61
1.5
36.98
516.51
48.57
261.8
2.18
11.17
323.72
33.52
153.97
2
21.6
211.09
26.48
64.49
1.85
24.79
117.61
25.51
15.15
40.66
761.81
0
0
0.47
-0.47
19.69
846.56
6.09
25.86
16.28
42.14
474.37
0
0.05
0.9
-0.85
0.47
515.9
21.18
61.53
13.49
75.02
248.7
0
0.01
0.57
-0.56
0
266.38
39.31
89.95
6.89
96.84
114.25
0
0.03
0.49
-0.46
0
122.86
45.61
64.08
2.31
66.39
51.22
0
0.01
0.5
-0.49
0
59.1
44.79
Year
INCOME :
Sales Turnover
Excise Duty
Net Sales
Other Income
Stock Adjustments
Total Income
EXPENDITURE :
Raw Materials
Power & Fuel Cost
Employee Cost
Other Manufacturing Expenses
Selling and Administration Expenses
Miscellaneous Expenses
Less: Pre-operative Expenses Capitalised
Total Expenditure
Operating Profit
Interest
Gross Profit
Depreciation
Profit Before Tax
Tax
Fringe Benefit tax
Deferred Tax
Reported Net Profit
Extraordinary Items
Adjusted Net Profit
Adjst. below Net Profit
P & L Balance brought forward
Statutory Appropriations
Appropriations
P & L Balance carried down
Dividend
Preference Dividend
Equity Dividend %
Earnings Per Share-Unit Curr
Earnings Per Share(Adj)-Unit Curr
Book Value-Unit Curr
1,608.04
0
1,608.04
0.21
14.49
1,622.74
1,054.09
0
1,054.09
0.13
14.67
1,068.89
2,202.38
7.78
8.56
28.38
15.96
1.51
0
2,264.57
165.36
65.19
100.17
7.5
92.67
2.06
0
-0.38
90.99
0
90.99
0
70.73
0
2.37
159.35
2.02
0
10
4.46
1,473.91
6.12
3.91
20.58
15.6
1.4
0
1,521.52
101.22
37.12
64.1
3.53
60.57
14.34
0
0.29
45.94
0
45.94
-2.11
29.28
0
2.38
70.73
2.03
0
10
2.24
993.46
4.8
2.11
6.35
9.39
0.52
0
1,016.63
52.26
20.68
31.58
1.83
29.75
11.71
0
0.09
17.95
0
17.95
0
13.71
0
2.38
29.28
2.03
0
10
0.97
8.84
4.48
2.61
332.92
0
332.92
0.24
8.39
341.55
540.42
4.54
1.52
8.01
8.04
0.11
0
562.64
27.2
11.94
15.26
1.24
14.02
4.63
0.04
-0.03
9.38
-0.01
9.39
0
6.46
0
2.13
13.71
1.82
0
10
4.98
311.47
4.61
1.04
6.38
4.57
0.18
0
328.25
13.3
5.21
8.09
1.05
7.04
2.48
0.02
-0.08
4.62
0
4.62
0
1.84
0
0
6.46
0
0
0
2.54
17.62
13.63
Finanacial Ratio
Year
Liquidity Analysis
Net Current Assets
Working Capital (excluding cash)
Current Ratio
Debtors Collection Period
Inventory Days
Operating Cycle
Suppliers Payment Period
Cash to Cash Cycle
Profitability Analysis
Return on Assets
Return on Equity
Return on Capital Employed
Profit Margin
EBITDA Margin
EBIT Margin
Gross Profit Margin
Solvency Ratios
Asset Turnover Ratio
Inventory Turnover Ratio
Debt to Equity Ratio
Dupont Analysis
Dupont
So first,
Net Profit margin
Asset Turnover
Leverage
Sales/Total Assets
COGS/Inventory
Total Liabilities/Equity
761.81
474.37
752.92
472.87
19.74
12.26
100.027
94.11
15.91477 15.21393
115.9417 109.3239
6.553518 10.10904
109.3882 99.2149
10.75%
50.64%
18.65%
3.80%
7%
7%
5%
8.90%
50.46%
18.95%
2.86%
6%
6%
5%
248.7
246.52
4.32
90.65354951
17.43805514
108.0916047
26.93438124
81.15722341
114.25
112.25
2.18
96.42939
21.74534
118.1747
62.82276
55.35197
51.22
49.37
1.77
70.70422324
29.44463062
100.1488539
73.82284844
26.32600542
6.74%
37.81%
18.93%
1.70%
5%
5%
4%
7.63%
29.26%
21.13%
1.61%
5%
4%
3%
7.82%
18.62%
20.73%
1.39%
4%
4%
1%
2.82866 3.116961
22.93468 23.99117
4.711749 5.666118
3.80%
2.86%
2.82866 3.116961
4.711749 5.666118
1.70%
1.61%
1.39%
3.957091373 4.743611 5.633164129
5.610362258 3.83219 2.38210399
Particulars
Revenue
YOY Growth
Total inflow
2009
3,523.57
8%
3,523.57
2010
3,796.32
22%
3,796.32
2011
4,642.90
19%
4,642.90
EBITDA
EBITDA Margin
294.63
9%
294.63
3,818.20
190.24
5%
190.24
3,986.56
295.69
6%
295.69
4,938.59
59.85
470.51
34.65
17.13
499.34
21.5
537.97
-24.34
504.89
40.94
521.49
3,448.59
4,417.10
Total inflow
Outflow of funds
Incremental working capital
Capital expenditure
Income tax on PBIT
Outflow of funds
13%
21621.71206
7091.154786
50.78
14479.77728
Cost of capital(Equity)
Beta
Rf
Rm (using arithmetic mean)
Rm (using geometric mean)
Cost of debt
wacc
Equity
debt
WACC
13.71%
0.42
8.70%
11.92%
7.12%
13%
59%
41.0%
13.71%
13%
2012
5,544.58
13%
5,544.58
2013
6,271.32
8%
6,271.32
2014
6,756.77
8%
6,756.77
370.01
7%
370.01
5,914.59
472.88
8%
472.88
6,744.20
27.98
624.39
64.99
717.36
5,197.23
2015
7,279.79
8%
7,279.79
2016
7,843.30
8%
7,843.30
2017
8,450.43
0%
8,450.43
2018
5,995.76
94%
6,211.73
53%
6,822.76
55%
7,005.29
60%
7,701.69
62%
7,701.69
11480.691
8.08677600%
5.3300%
13.41677600%
cagr
gdp grpwth rate
16%
4.50%
Average
-38%
39%
90%
59%
44%
470.51
6%
499.34
1%
504.89
24%
624.39
18%
12%
59%
937.8
736.8
Companies
Britannia
Nestle
Heritage foods
Cost of capital
Beta
Rf
Rm (using arithmetic mean)
Rm (using geometric mean)
341.35
1050.19
98.18
0.26
0.42
13.71%
0.42
8.70%
11.92%
7.12%
EV*Beta
3662.74
13931.9
64.8589