Mar '04 Mar '05 Mar '06 Mar '07 Mar '08

12 mths 12 mths 12 mths 12 mths 12 mths

Income
Sales Turnover 758.16 1,188.50 1,840.44 2,871.05 3,472.94
Excise Duty 0.63 3.88 0.33 0.36 0
Net Sales 757.53 1,184.62 1,840.11 2,870.69 3,472.94
Other Income 4.06 1.82 6.02 37.08 43.72
Stock Adjustments 29.83 16.47 120.38 59.6 77.38
Total Income 791.42 1,202.91 1,966.51 2,967.37 3,594.04
Expenditure
Raw Materials 4.02 558.64 779.07 1,061.90 1,219.22
Power & Fuel Cost 1.21 2.43 2.06 2.67 5.81
Employee Cost 19.97 30.1 43.01 79.31 139.04
Other Manufacturing Expenses 650.69 451.78 841.54 1,328.08 1,586.89
Selling and Admin Expenses 25.87 33.23 78.35 117.22 133.86
Miscellaneous Expenses 5.95 6.55 10.14 16.08 23.56
Preoperative Exp Capitalised 0 0 0 0 0
Total Expenses 707.71 1,082.73 1,754.17 2,605.26 3,108.38
Mar '04 Mar '05 Mar '06 Mar '07 Mar '08

12 mths 12 mths 12 mths 12 mths 12 mths

Operating Profit 79.65 118.36 206.32 325.03 441.94

PBDIT 83.71 120.18 212.34 362.11 485.66
Interest 33.88 36.86 64.71 103.62 174.41
PBDT 49.83 83.32 147.63 258.49 311.25
Depreciation 9.08 10.89 18.16 29.9 48.21
Other Written Off 0.29 0.2 1.19 1.19 0.99
Profit Before Tax 40.46 72.23 128.28 227.4 262.05
Extra-ordinary items 0 -0.25 -1.04 -36.26 -2.16
PBT (Post Extra-ord Items) 40.46 71.98 127.24 191.14 259.89
Tax 8.82 12.73 22.33 74.9 97.61
Reported Net Profit 31.57 57.27 103.9 115.66 161.95
Total Value Addition 703.68 524.09 975.1 1,543.36 1,889.16
Preference Dividend 0 0 0 0 0
Equity Dividend 4.58 9.54 16.53 24.94 29.75
Corporate Dividend Tax 0.57 1.25 2.32 3.75 5.06
Per share data (annualised)
Shares in issue (lakhs) 114.5 159 1,033.12 2,085.11 2,288.39
Earning Per Share (Rs) 27.58 36.02 10.06 5.55 7.08
Equity Dividend (%) 40 60 80 60 65
Book Value (Rs) 141.6 204.17 91.17 49.55 68.46
 Mar '04 Mar '05 Mar '06 Mar '07 Mar '08

12 mths 12 mths 12 mths 12 mths 12 mths

Income
Sales
Turnover 9,917.52 13,404.27 15,030.81 17,983.37 25,280.49
Excise
Duty 272.2 214.56 253.86 338.08 334.38
Net Sales 9,645.32 13,189.71 14,776.95 17,645.29 24,946.11
Other
Income 391.15 634.94 527.52 459.8 616.69
Stock
Adjustme
nts 432.59 86.84 -103.24 121.76 746.17
Total
Income 10,469.06 13,911.49 15,201.23 18,226.85 26,308.97
Expenditure
Raw
Materials 3,729.06 5,211.98 4,510.78 5,320.98 8,256.46
Power &
Fuel Cost 69.19 90.33 221.5 308.13 365.25
Employee
Cost 678.08 764.51 890.03 1,258.21 1,535.44

Other
Manufact
uring
Expenses 4,009.64 5,170.22 6,647.70 7,451.07 10,632.83

Selling
and
Admin
Expenses 662.21 877.6 996.59 1,222.80 1,393.80

Miscellan
eous
Expenses 191.91 147.2 125 166.15 280.69
Preoperat
ive Exp
Capitalise
d -0.74 -3.15 -1.89 -3.3 -11.42

Total
Expenses 9,339.35 12,258.69 13,389.71 15,724.04 22,453.05
Mar '04 Mar '05 Mar '06 Mar '07 Mar '08

12 mths 12 mths 12 mths 12 mths 12 mths

Operating
Profit 738.56 1,017.86 1,284.00 2,043.01 3,239.23
PBDIT 1,129.71 1,652.80 1,811.52 2,502.81 3,855.92
Interest 273.15 280.51 321.34 331.46 501.83
PBDT 856.56 1,372.29 1,490.18 2,171.35 3,354.09
Depreciati
on 84.53 87.52 107.12 160.13 195.94
Other
Written
Off 0 0 0 0 15.66
Profit
Before
Tax 772.03 1,284.77 1,383.06 2,011.22 3,142.49
Extra-
ordinary
items 4.53 8.02 -1.85 -5.34 12.21

PBT (Post
Extra-ord
Items) 776.56 1,292.79 1,381.21 2,005.88 3,154.70
Tax 236.08 302.29 366.12 601.87 982.05
Reported
Net Profit 532.75 983.85 1,012.14 1,403.02 2,173.42
Total
Value
Addition 5,610.29 7,046.71 8,878.93 10,403.06 14,196.59
Preferenc
e
Dividend 0 0 0 0 0
Equity
Dividend 199.04 357.21 302.25 368.25 495.32
Corporate
Dividend
Tax 25.54 49.41 42.39 53.34 76.26
Per share data
(annualised)
Shares in
issue
(lakhs) 1,244.02 1,299.24 1,373.86 2,832.71 2,923.27

Earning
Per Share
(Rs) 42.82 75.72 73.67 49.53 74.35
Equity
Dividend
(%) 800 1,375.00 1,100.00 650 850
Book
Value
(Rs) 220.45 256.94 335.61 202.65
Transportation 2 1

Others 1 2
Parameters Mar '08 Mar '08 Mar '08 Mar '08 Mar '08 Mar '08
NCC L&T (ECC) PLL HCC IVRCL Gammon
Sales Turnover 3,472.94 18,000.00 4,511.10 3,000.00 3,686.03 2,344.91

Roads and Water projects 2,431.06 1,560.00

Others (Power, B&F, Water project

etc.) 3,608.88 1,200.00

Excise Duty 0 334.38 0 0 0 0

Net Sales 3,472.94 24,946.11 4,511.10 2,671.33 3,686.03 2,344.91
Other Income 43.72 616.69 30.66 3.21 76.87 25.83
Stock Adjustments 77.38 746.17 0 447.84 3.26 190.37
Total Income 3,594.04 26,308.97 4,541.76 3,122.38 3,766.16 2,561.11

Raw Materials 1,219.22 8,256.46 1,625.36 0 11.24 42.09

Power & Fuel Cost 5.81 365.25 0 176.74 5.94 81.7
Employee Cost 139.04 1,535.44 358.53 297.23 135.66 43.26
Other Manufacturing Expenses 1,586.89 10,632.83 1,504.38 2,115.05 3,002.52 2,063.78
Selling and Admin Expenses 133.86 1,393.80 0 92.57 103.63 68.74
Miscellaneous Expenses 23.56 280.69 485.87 19.13 24.03 16.39
Preoperative Exp Capitalised 0 -11.42 0 0 0 0
Total Expenses 3,108.38 22,453.05 3,974.14 2,700.72 3,283.02 2,315.96

Operating Profit 441.94 3,239.23 536.96 418.45 406.27 219.32

PBDIT 485.66 3,855.92 567.62 421.66 483.14 245.15
Interest 174.41 501.83 113.28 169.52 166.09 59.59
PBDT 311.25 3,354.09 454.34 252.14 317.05 185.56
Depreciation 48.21 195.94 113.39 96.19 32.82 46.21
Other Written Off 0.99 15.66 0 0 0 0
Profit Before Tax 262.05 3,142.49 340.95 155.95 284.23 139.35
Extra-ordinary items -2.16 12.21 0 0.05 -7.15 -2.19
PBT (Post Extra-ord Items) 259.89 3,154.70 340.95 156 277.08 137.16
Tax 97.61 982.05 119.51 47.23 66.61 51.02
Reported Net Profit 161.95 2,173.42 221.44 108.77 210.48 88.32
Total Value Addition 1,889.16 14,196.59 2,348.77 2,700.72 3,271.78 2,273.87
Preference Dividend 0 0 0 0 0 0
Equity Dividend 29.75 495.32 12.14 20.5 18.69 4.34
Corporate Dividend Tax 5.06 76.26 2.06 3.48 3.18 0.74

Shares in issue (lakhs) 2,288.39 2,923.27 3,034.46 2,562.50 1,334.90 867.45

Earning Per Share (Rs) 7.08 74.35 7.3 4.24 15.77 10.18
Equity Dividend (%) 65 850 20 80 70 25
Book Value (Rs) 68.46 79.57 38.59 120.06 112.86
Mar '08
Simpex Patel Engineeing
2,830.34 1,300.00

0
5,902.00
-13.36
0
2,816.98

1,275.09
0
52.24
1,117.79
40.73
31.66
0
2,517.51

312.83
299.47
108.8
190.67
37.2
0
153.47
0.67
154.14
37.01
90.08
1,242.42
0
9.89
1.68

494.72
18.21
100
147.93
 Mar '04 Mar '05 Mar '06 Mar '07 Mar '08

12 mths 12 mths 12 mths 12 mths 12 mths

Income
Sales
Turnover 641.41 999.08 1,344.75 1,717.05 2,830.34
Excise
Duty 0 0 0 0 0
Net Sales 641.41 999.08 1,344.75 1,717.05 2,830.34
Other
Income -3.68 -5.17 -6.99 -11.12 -13.36
Stock
Adjustme
nts 0 -0.01 0 0 0
Total
Income 637.73 993.9 1,337.76 1,705.93 2,816.98
Expenditure
Raw
Materials 308.96 523.61 648.32 775.19 1,275.09
Power &
Fuel Cost 0 0 0 0 0
Employee
Cost 10.69 14.5 25.18 36.77 52.24

Other
Manufact
uring
Expenses 247.59 349.69 509.02 662.28 1,117.79

Selling
and
Admin
Expenses 9.5 13.52 15.48 35.26 40.73

Miscellan
eous
Expenses 10.46 15.25 17.57 23.94 31.66
Preoperat
ive Exp
Capitalise
d 0 0 0 0 0

Total
Expenses 587.2 916.57 1,215.57 1,533.44 2,517.51
Mar '04 Mar '05 Mar '06 Mar '07 Mar '08

12 mths 12 mths 12 mths 12 mths 12 mths

Operating
Profit 54.21 82.5 129.18 183.61 312.83
PBDIT 50.53 77.33 122.19 172.49 299.47
Interest 24.93 28.09 42.36 64.33 108.8
PBDT 25.6 49.24 79.83 108.16 190.67
Depreciati
on 7.54 8.9 12.93 24 37.2
Other
Written
Off 0 0 0 0 0
Profit
Before
Tax 18.06 40.34 66.9 84.16 153.47
Extra-
ordinary
items 0.85 0.51 1.23 1.13 0.67

PBT (Post
Extra-ord
Items) 18.91 40.85 68.13 85.29 154.14
Tax 4.56 9.65 16.48 16.48 37.01
Reported
Net Profit 9.7 25.18 41.64 53.71 90.08
Total
Value
Addition 278.24 392.96 567.26 758.25 1,242.42
Preferenc
e
Dividend 0 0 0 0 0
Equity
Dividend 1.09 3.28 4.29 6.86 9.89
Corporate
Dividend
Tax 0.14 0.46 0.6 1.17 1.68
Per share data
(annualised)
Shares in
issue
(lakhs) 72.89 72.89 85.74 428.72 494.72

Earning
Per Share
(Rs) 13.3 34.54 48.57 12.53 18.21
Equity
Dividend
(%) 15 45 50 80 100
Book
Value
(Rs) 116.56 145.96 271.99 64.35 147.93

Source : Asian CERC

 Mar '04 Mar '05 Mar '06 Mar '07 Mar '08

12 mths 12 mths 12 mths 12 mths 12 mths

Income
Sales
Turnover 1,400.24 1,429.43 1,368.21 2,238.85 4,511.10
Excise
Duty 0 0 0 0 0
Net Sales 1,400.24 1,429.43 1,368.21 2,238.85 4,511.10
Other
Income 14.7 38.5 22.62 60.46 30.66
Stock
Adjustme
nts 0 -0.7 -0.06 -0.03 0
Total
Income 1,414.94 1,467.23 1,390.77 2,299.28 4,541.76
Expenditure
Raw
Materials 390.71 372.41 448.71 587.82 1,625.36
Power &
Fuel Cost 0 69.85 52.4 127.12 0
Employee
Cost 122.78 172.36 138.63 236.56 358.53

Other
Manufact
uring
Expenses 0 360.74 343.16 575.35 1,504.38

Selling
and
Admin
Expenses 0 152.18 150.93 353.54 0

Miscellan
eous
Expenses 661.31 33.96 22.4 31.25 485.87
Preoperat
ive Exp
Capitalise
d 0 0 0 0 0

Total
Expenses 1,174.80 1,161.50 1,156.23 1,911.64 3,974.14
Mar '04 Mar '05 Mar '06 Mar '07 Mar '08

12 mths 12 mths 12 mths 12 mths 12 mths

Operating
Profit 225.44 267.23 211.92 327.18 536.96
PBDIT 240.14 305.73 234.54 387.64 567.62
Interest 87.5 221.74 125.99 208.26 113.28
PBDT 152.64 83.99 108.55 179.38 454.34
Depreciati
on 70.65 56.8 44.21 84.46 113.39
Other
Written
Off 2.23 19.59 14.98 2.57 0
Profit
Before
Tax 79.76 7.6 49.36 92.35 340.95
Extra-
ordinary
items -1.24 8.29 5.8 4.99 0

PBT (Post
Extra-ord
Items) 78.52 15.89 55.16 97.34 340.95
Tax 15.98 3.35 17.69 35.75 119.51
Reported
Net Profit 62.53 8.14 35.15 61.58 221.44
Total
Value
Addition 784.09 789.09 707.51 1,323.83 2,348.77
Preferenc
e
Dividend 0 0 0 0 0
Equity
Dividend 4.13 1.82 5.22 7.84 12.14
Corporate
Dividend
Tax 0.54 0.26 0.73 1.33 2.06
Per share data
(annualised)
Shares in
issue
(lakhs) 206.47 243.17 522.2 2,612.60 3,034.46

Earning
Per Share
(Rs) 30.29 3.35 6.73 2.36 7.3
Equity
Dividend
(%) 19.99 7.22 10 15 20
Book
Value
(Rs) 119.8 193.27 202.04 42.04 79.57

Source : Asian CERC

 Mar '04 Mar '05 Mar '06 Mar '07 Mar '08

12 mths 12 mths 12 mths 12 mths 12 mths

Income
Sales
Turnover 977.29 1,507.63 1,509.10 1,850.34 2,671.33
Excise
Duty 0 0 0 0 0
Net Sales 977.29 1,507.63 1,509.10 1,850.34 2,671.33
Other
Income -0.74 6.44 56.21 22.31 3.21
Stock
Adjustme
nts 80.66 -20.29 477.88 549.29 447.84
Total
Income 1,057.21 1,493.78 2,043.19 2,421.94 3,122.38
Expenditure
Raw
Materials 0 0 0 0 0
Power &
Fuel Cost 43.95 55.38 64.35 113.08 176.74
Employee
Cost 76.53 94.89 131.42 208.68 297.23

Other
Manufact
uring
Expenses 739.65 1,121.23 1,527.51 1,712.78 2,115.05

Selling
and
Admin
Expenses 34.43 39.64 60.31 83.32 92.57

Miscellan
eous
Expenses 11.25 8.14 11.71 13.48 19.13
Preoperat
ive Exp
Capitalise
d 0 0 0 0 0

Total
Expenses 905.81 1,319.28 1,795.30 2,131.34 2,700.72
Mar '04 Mar '05 Mar '06 Mar '07 Mar '08

12 mths 12 mths 12 mths 12 mths 12 mths

Operating
Profit 152.14 168.06 191.68 268.29 418.45
PBDIT 151.4 174.5 247.89 290.6 421.66
Interest 48.11 54.19 57.24 93.84 169.52
PBDT 103.29 120.31 190.65 196.76 252.14
Depreciati
on 43.77 45.28 52.45 79.66 96.19
Other
Written
Off 0.13 0 0 0 0
Profit
Before
Tax 59.39 75.03 138.2 117.1 155.95
Extra-
ordinary
items 1.09 5.28 1.92 -41.73 0.05

PBT (Post
Extra-ord
Items) 60.48 80.31 140.12 75.37 156
Tax 24.8 6.28 15.33 38.61 47.23
Reported
Net Profit 35.65 74.02 124.8 79.28 108.77
Total
Value
Addition 905.8 1,319.28 1,795.30 2,131.34 2,700.72
Preferenc
e
Dividend 0 0 0 0 0
Equity
Dividend 10.01 13.76 17.94 19.22 20.5
Corporate
Dividend
Tax 1.28 1.93 2.52 3.27 3.48
Per share data
(annualised)
Shares in
issue
(lakhs) 200.24 229.3 2,562.50 2,562.50 2,562.50

Earning
Per Share
(Rs) 17.81 32.28 4.87 3.09 4.24
Equity
Dividend
(%) 50 60 70 75 80
Book
Value
(Rs) 81.85 153.94 34.72 35.28 38.59

Source : Asian CERC

 Mar '04 Mar '05 Mar '06 Mar '07 Mar '08

12 mths 12 mths 12 mths 12 mths 12 mths

Income
Sales
Turnover 773.44 1,053.49 1,517.89 2,334.88 3,686.03
Excise
Duty 0 0 0 0 0
Net Sales 773.44 1,053.49 1,517.89 2,334.88 3,686.03
Other
Income 2.53 9.48 19.97 41.31 76.87
Stock
Adjustme
nts 0 0 0 0 3.26
Total
Income 775.97 1,062.97 1,537.86 2,376.19 3,766.16
Expenditure
Raw
Materials 0 0 0 0 11.24
Power &
Fuel Cost 1.28 1.39 1.82 3.45 5.94
Employee
Cost 18.9 24.66 43.92 81.17 135.66

Other
Manufact
uring
Expenses 640.68 893.75 1,271.80 1,896.19 3,002.52

Selling
and
Admin
Expenses 13.7 27.55 47.08 84.43 103.63

Miscellan
eous
Expenses 3.65 5.63 5.6 13.58 24.03
Preoperat
ive Exp
Capitalise
d 0 0 0 0 0

Total
Expenses 678.21 952.98 1,370.22 2,078.82 3,283.02
Mar '04 Mar '05 Mar '06 Mar '07 Mar '08

12 mths 12 mths 12 mths 12 mths 12 mths

Operating
Profit 95.23 100.51 147.67 256.06 406.27
PBDIT 97.76 109.99 167.64 297.37 483.14
Interest 45.68 43.02 53.11 91.3 166.09
PBDT 52.08 66.97 114.53 206.07 317.05
Depreciati
on 9.78 8.02 11 21.59 32.82
Other
Written
Off 0 0 0 0 0
Profit
Before
Tax 42.3 58.95 103.53 184.48 284.23
Extra-
ordinary
items 9.63 0.51 0.19 -2.73 -7.15

PBT (Post
Extra-ord
Items) 51.93 59.46 103.72 181.75 277.08
Tax 12.74 2.76 10.77 40.29 66.61
Reported
Net Profit 39.18 56.71 92.96 141.46 210.48
Total
Value
Addition 678.22 952.98 1,370.23 2,078.82 3,271.78
Preferenc
e
Dividend 0 0 0 0 0
Equity
Dividend 5.06 6.3 11 12.97 18.69
Corporate
Dividend
Tax 0.65 0.88 1.54 2.2 3.18
Per share data
(annualised)
Shares in
issue
(lakhs) 106.19 169.8 1,069.38 1,296.62 1,334.90

Earning
Per Share
(Rs) 36.9 33.4 8.69 10.91 15.77
Equity
Dividend
(%) 30 30 50 50 70
Book
Value
(Rs) 124.82 150.05 44.34 101.72 120.06
 Mar '04 Dec '04 Mar '06 Mar '07 Mar '08

12 mths 9 mths 15 mths 12 mths 12 mths

Income
Sales
Turnover 1,122.61 877.1 1,470.89 1,851.69 2,344.91
Excise
Duty 0 0 0 0 0
Net Sales 1,122.61 877.1 1,470.89 1,851.69 2,344.91
Other
Income 6.63 5.23 28.18 47.79 25.83
Stock
Adjustme
nts 84.78 85.67 121.85 56.3 190.37
Total
Income 1,214.02 968 1,620.92 1,955.78 2,561.11
Expenditure
Raw
Materials 0 0 0 0 42.09
Power &
Fuel Cost 30.96 35.06 67.96 77.09 81.7
Employee
Cost 16.26 14.36 26.41 29.59 43.26

Other
Manufact
uring
Expenses 1,001.86 785.88 1,270.78 1,566.72 2,063.78

Selling
and
Admin
Expenses 46.05 30.01 43.59 51.89 68.74

Miscellan
eous
Expenses 7.13 2.94 4.81 3.63 16.39
Preoperat
ive Exp
Capitalise
d 0 0 0 0 0

Total
Expenses 1,102.26 868.25 1,413.55 1,728.92 2,315.96
Mar '04 Dec '04 Mar '06 Mar '07 Mar '08

12 mths 9 mths 15 mths 12 mths 12 mths

Operating
Profit 105.13 94.52 179.19 179.07 219.32
PBDIT 111.76 99.75 207.37 226.86 245.15
Interest 37.77 31.83 59.09 48.56 59.59
PBDT 73.99 67.92 148.28 178.3 185.56
Depreciati
on 19.94 16.45 37.1 35.22 46.21
Other
Written
Off 0 0 0 0 0
Profit
Before
Tax 54.05 51.47 111.18 143.08 139.35
Extra-
ordinary
items -4.42 -4.64 1.41 -53.88 -2.19

PBT (Post
Extra-ord
Items) 49.63 46.83 112.59 89.2 137.16
Tax 20.37 8.69 8.33 44.7 51.02
Reported
Net Profit 29.27 38.14 104.26 98.36 88.32
Total
Value
Addition 1,102.26 868.25 1,413.55 1,728.92 2,273.87
Preferenc
e
Dividend 0 0 0 0 0
Equity
Dividend 3.16 3.85 5.25 4.37 4.34
Corporate
Dividend
Tax 0.4 0.55 0.74 0.64 0.74
Per share data
(annualised)
Shares in
issue
(lakhs) 126.67 154.08 867.45 867.45 867.45

Earning
Per Share
(Rs) 23.1 24.76 12.02 11.34 10.18
Equity
Dividend
(%) 25 25 30 25 25
Book
Value
(Rs) 120.07 211.06 98.97 103.46 112.86

Source : Asian CERC