Tata Chemicals Ltd.

Profit loss account (Rs crore)

  Mar ' 09 Mar ' 08

Income
Operating income 8,363.35 4,036.68
Expenses
Material consumed 5,652.40 2,105.80
Manufacturing expenses  655.99 530.33
Personnel expenses 200.05 169.73
Selling expenses 457.51 372.21
Administrative expenses 394.65 171.69
Expenses capitalized -2.26 -0.14
Cost of sales 7,358.34 3,349.62
Operating profit 1,005.01 687.06
Other recurring income 133.14 130.54
Adjusted PBDIT 1,138.15 817.60
Financial expenses 191.89 41.04
Depreciation  163.03 148.76
Other write offs - -
Adjusted PBT 783.23 627.80
Tax charges  208.22 207.92
Adjusted PAT 575.01 419.88
Nonrecurring items -175.60 511.06
Other non cash adjustments 20.80 18.24
Reported net profit 420.21 949.18
Earnings before appropriation 1,994.31 1,916.25
Equity dividend 211.65 211.25
Preference dividend - -
Dividend tax 35.97 35.90
Retained earnings 1,746.69 1,669.10

Balance sheet
   Mar ' 09 Mar ' 08
Sources of funds
Owner's fund
Equity share capital 235.23 234.00
Share application money - 0.06
Preference share capital - -
Reserves & surplus 3,624.07 3,337.62
Loan funds
Secured loans 249.48 47.97
Unsecured loans 3,426.62 2,297.31
Total 7,535.40 5,916.96
Uses of funds
Fixed assets
Gross block 3,602.99 3,291.44
Less : revaluation reserve - -
Less : accumulated depreciation 2,058.01 1,948.24
Net block 1,544.98 1,343.20
Capital work-in-progress 298.77 169.38
Investments 4,473.73 3,741.40
Net current assets
Current assets, loans & advances 3,711.02 2,288.22
Less : current liabilities & provisions 2,493.10 1,625.77
Total net current assets 1,217.92 662.45
Miscellaneous expenses not written - 0.53
Total 7,535.40 5,916.96
Notes:
Book value of unquoted investments 4,269.11 3,542.61
Market value of quoted investments 570.82 1,006.16
Contingent liabilities 394.96 530.80
Number of equity shares outstanding (Lacs) 2351.69 2339.94

Ratios
   Mar ' 09 Mar ' 08
Per share ratios
   Mar ' 09 Mar ' 08
Adjusted EPS (Rs) 24.45 17.94
Adjusted cash EPS (Rs) 31.38 24.30
Reported EPS (Rs) 19.22 40.56
Reported cash EPS (Rs) 26.15 46.92
Dividend per share 9.00 9.00
Operating profit per share (Rs) 42.74 29.36
Book value (excl rev res) per share (Rs) 41.28 152.61
Book value (incl rev res) per share (Rs.) 10.23 152.61
Net operating income per share (Rs) 355.63 172.51
Free reserves per share (Rs) 141.37 132.56
Profitability ratios
Operating margin (%) 12.01 17.02
Gross profit margin (%) 10.06 13.33
Net profit margin (%) 5.32 22.77
Adjusted cash margin (%) 8.68 13.64
Adjusted return on net worth (%) 14.89 11.75
Reported return on net worth (%) 11.71 26.57
Return on long term funds (%) 22.01 17.17
Leverage ratios
Long term debt / Equity 0.14 0.09
Total debt/equity 0.95 0.65
Owners fund as % of total source 51.21 60.36
Fixed assets turnover ratio 2.32 1.23
Liquidity ratios
Current ratio 1.49 1.41
Current ratio (inc. st loans) 0.66 0.62
Quick ratio 1.02 0.98
Inventory turnover ratio 9.94 7.43
Payout ratios
Dividend payout ratio (net profit) 54.77 26.03
Dividend payout ratio (cash profit) 40.25 22.51
Earning retention ratio 56.94 41.14
Cash earnings retention ratio 66.45 56.54
Coverage ratios
Adjusted cash flow time total debt 4.98 4.12
Financial charges coverage ratio 5.93 19.92
Fin. charges cov.ratio (post tax) 4.21 27.75
Component ratios
Material cost component (% earnings) 68.72 52.80
Selling cost Component 5.47 9.22
   Mar ' 09 Mar ' 08
Exports as percent of total sales 1.59 2.27
Import comp. in raw mat. consumed 77.85 50.11
Long term assets / total Assets 0.62 0.69
Bonus component in equity capital (%) 44.80 45.04