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Key

Financial
Ratios of -----------------
Bharat -- in Rs. Cr.
Heavy -----------------
Electricals --

Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

Investment Valuation
Ratios
Face Value 10 10 10 10 10
Dividend Per
Share 14.5 24.5 15.25 17 23.3
Operating
Profit Per
Share (Rs) 90.85 144.84 76.54 85.43 122.49
Net
Operating
Profit Per
Share (Rs) 549.17 709.38 399.19 543.68 678.75
Free
Reserves
Per Share
(Rs) 267.56 348.8 209.99 254.23 315.11
Bonus in
Equity
Capital -- -- 50 50 50
Profitability Ratios
Operating
Profit
Margin(%) 16.54 20.41 19.17 15.71 18.04
Profit
Before Intere
st And Tax
Margin(%) 14.36 18.47 16.73 13.93 16.13
Gross Profit
Margin(%) 18.11 22.41 17.65 14.45 16.66
Cash Profit
Margin(%) 13.97 14.88 15.59 12.1 13.8
Adjusted
Cash
Margin(%) 11.71 15.07 15.59 12.1 13.8
Net Profit
Margin(%) 12.19 13.51 13.87 11.36 12.55
Adjusted Net
Profit
Margin(%) 9.92 13.7 13.87 11.36 12.55
Return On
Capital
Employed(%
) 29.35 42.84 41.56 36.95 41.37
Return On
Net
Worth(%) 23 27.48 26.53 24.25 27.08
Adjusted
Return on
Net
Worth(%) 18.72 27.86 27.07 23.24 26.88
Return on
Assets
Excluding
Revaluations 8.23 359.06 220.1 264.32 325.16

Return on
Assets
Including
Revaluations 8.23 359.06 220.1 264.32 325.16
Return on
Long Term
Funds(%) 29.35 42.84 41.56 36.95 41.37
Liquidity And Solvency
Ratios

Current Ratio 1.53 1.43 1.38 1.36 1.37


Quick Ratio 1.17 1.13 1.09 1.02 1.04
Debt Equity
Ratio 0.08 0.01 0.01 0.01 0.01
Long
Term Debt
Equity Ratio 0.08 0.01 0.01 0.01 0.01
Debt Coverage Ratios
Interest Cove
r 39.28 87.78 127.55 157.51 198.19
Total Debt to
Owners
Fund 0.08 0.01 0.01 0.01 0.01
Financial
Charges Cov
erage Ratio 43.46 93.42 135.94 168.4 211.86
Financial
Charges Cov
erage Ratio
Post Tax 33.77 62.37 90.12 114.07 143.35
Management Efficiency
Ratios
Inventory
Turnover
Ratio 3.68 4.24 3.88 3.7 3.77
Debtors
Turnover
Ratio 2.05 2.06 1.8 1.9 1.81
Investments
Turnover
Ratio 4.15 4.64 3.88 3.7 3.77

Fixed Assets
Turnover
Ratio 11.87 14.62 4.48 5.2 5.15

Total Assets
Turnover
Ratio 1.72 1.97 1.81 2.05 2.09
Asset
Turnover
Ratio 3.54 4.27 4.48 5.2 5.15
Average
Raw Material
Holding 75 78.98 88.75 80.96 83.34
Average
Finished
Goods Held 11.47 10.27 12.03 9.74 9.8
Number of
Days In
Working
Capital 178.86 157.05 169.89 140.04 130.02
Profit & Loss Account
Ratios

Material Cost
Composition 52.81 49.3 53.22 58.56 53.42
Imported
Composition
of Raw
Materials
Consumed 28.71 30.94 27.73 27.81 35.15
Selling
Distribution
Cost
Composition 1.45 1.27 1.22 1.09 1.06

Expenses as
Composition
of Total
Sales 5.27 6.31 4.8 6.7 24.87
Cash Flow Indicator
Ratios

Dividend
Payout Ratio
Net Profit 24.09 28.67 30.54 31.02 30.9

Dividend
Payout Ratio
Cash Profit 21.02 26.04 27.66 28.03 27.93
Earning
Retention
Ratio 70.4 71.73 70.07 67.63 68.88
Cash
Earning
Retention
Ratio 74.91 74.3 72.83 70.87 71.89

AdjustedCas
h Flow Times 0.35 0.03 0.03 0.04 0.03

Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

Earnings Per
Share 68.6 98.66 58.41 64.11 88.06
Book Value 298.31 359.06 220.1 264.32 325.16