Sensitivity analysis

PARTICULARS/YEAR 2011-12 2012-13

I Sales price reduces by 5% and no change in raw materia

Debt Service Ratio 3.21 1.22

Average DSCR 1.7

Break Even Point

AS % of Sales 183 65.6
AS % OF Production 160 57.4
AS % OF Installed Capacity 112 43.06

II Raw material cost increases by 5% and no change in Sale

Debt Service Ratio 3.52 1.34

Average DSCR 1.89

Break Even Point

AS % of Sales 154 59.9
AS % OF Production 135 52.4
AS % OF Installed Capacity 95 39.28

III Raw material cost increases by 5% and Sales price reduces

Debt Service Ratio 2.72 1.02

Average DSCR 1.4

Break Even Point

AS % of Sales 351 77.6
AS % OF Production 307 67.9
AS % OF Installed Capacity 215 50.91
analysis

2013-14 2014-15 2015-16 2016-17 2017-18 2018-19

no change in raw material cost

1.3 1.39 1.37 1.35

1.7

61.73 58.77 57.54 59.37 61.88 68.91

54.01 51.42 50.35 51.95 54.14 60.29
43.21 43.71 42.8 44.16 46.02 51.25

% and no change in Sales price

1.44 1.56 1.56 1.56

1.89

56.23 53.46 52.35 53.91 56.07 62.28

49.2 46.77 45.81 47.17 49.06 54.5
39.36 39.76 38.94 40.1 41.7 46.32

and Sales price reduces by 5 %

1.07 1.13 1.09 1.03

1.4

73.13 69.8 68.02 70.44 73.74 82.54

63.99 61.08 59.51 61.64 64.52 72.22
51.19 51.92 50.59 52.39 54.84 61.39
 INTERNAL RATE OF RETURN (IRR)

PARTICULARS/YEAR 2011-12 2012-13 2013-14 2014-15 2015-16

I Net Cash Accruals 160.35 165.37 176.89 187.56 181.98

II Total cash flow 1216.19

III Avg Cash Flow 173.74

IV Cost of project 793.93

V IV/III 4.5696

IRR 24%
2016-17 2017-18

175.65 168.39 1216.19