Balance sheet

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

Sources of funds
Owner's fund

Equity share capital 457.74 425.38 354.43 319.39 313.14

Share application money - 400.92 - - 0.07

Preference share capital - - - - -

Reserves & surplus 21,064.75 14,226.43 11,142.80 6,113.76 4,986.39

Loan funds
Secured loans - - - - -

Unsecured loans 1,67,404.44 1,42,811.58 1,00,768.60 68,297.94 55,796.82

Total 1,88,926.93 1,57,864.31 1,12,265.83 74,731.09 61,096.42

Uses of funds
Fixed assets

Gross block 4,707.97 3,956.63 2,386.99 1,917.56 1,589.47

Less : revaluation reserve - - - - -

Less : accumulated depreciation 2,585.16 2,249.90 1,211.86 950.89 734.39

Net block 2,122.81 1,706.73 1,175.13 966.67 855.08

Capital work-in-progress - - - - -

Investments 58,607.62 58,817.55 49,393.54 30,564.80 28,393.96

Net current assets

Current assets, loans & advances 5,955.15 6,356.83 4,402.69 3,605.48 2,277.09

Less : current liabilities & provisions 20,615.94 22,720.62 16,431.91 13,689.13 7,849.49

Total net current assets -14,660.79 -16,363.79 -12,029.22 -10,083.65 -5,572.40

Miscellaneous expenses not written - - - - -

Total 46,069.63 44,160.49 38,539.45 21,447.82 23,676.64

Notes:
Book value of unquoted investments - - - - -

Market value of quoted investments - - - - -

Contingent liabilities 4,87,176.37 4,14,533.93 5,99,928.79 2,09,338.61 1,44,137.86

Number of equity sharesoutstanding (Lacs) 4577.43 4253.84 3544.33 3193.90 3131.42

Profit loss account
  Mar ' 10 Mar ' 09 Mar ' 08 Mar ' 07 Mar ' 06

Income
Operating income 19,958.76 19,770.72 12,354.41 8,303.34 5,567.67

Expenses
Material consumed - - - - -

Manufacturing expenses  - - - - -

Personnel expenses 2,289.18 2,238.20 1,301.35 776.86 486.82

Selling expenses 83.12 108.68 114.73 74.88 80.85

Adminstrative expenses 4,936.73 4,583.86 2,247.48 1,519.32 1,424.59

Expenses capitalised - - - - -

Cost of sales 7,309.02 6,930.74 3,663.56 2,371.06 1,992.26

Operating profit 4,863.44 3,928.87 3,803.73 2,752.83 1,645.91

Other recurring income 17.72 - 43.04 102.96 31.38

Adjusted PBDIT 4,881.17 - 3,846.77 2,855.79 1,677.29

Financial expenses 7,786.30 8,911.10 4,887.12 3,179.45 1,929.50

Depreciation  394.39 359.91 271.72 219.60 178.59

Other write offs - - - 241.09 245.16

Adjusted PBT 4,486.77 3,568.97 3,575.05 2,395.10 1,253.54

Tax charges  1,340.99 1,054.92 690.90 497.70 383.03

Adjusted PAT 2,944.68 2,240.75 1,589.48 1,142.50 870.51

Non recurring items 4.02 4.19 0.70 -1.05 0.27

Other non cash adjustments -0.93 -0.59 -0.06 -0.35 -

Reported net profit 2,947.77 2,244.35 1,590.12 1,141.10 870.78

Earnigs before appropriation 6,403.33 4,818.98 3,522.15 2,596.12 1,473.12

Equity dividend 549.29 425.38 301.27 223.57 172.23

Preference dividend - - - - -

Dividend tax 91.23 72.29 51.20 38.00 24.16

Retained earnings 5,762.81 4,321.31 3,169.68 2,334.55 1,276.73

Cash flow
  Mar ' 10 Mar ' 09 Mar ' 08 Mar ' 07 Mar ' 06

Profit before tax 4,289.14 3,299.25 2,280.63 1,638.75 1,253.51

Net cashflow-operating activity 9,389.89 -1,736.14 3,583.43 666.63 1,724.76

Net cash used in investing activity -551.51 -663.78 -619.82 -311.40 -381.97

Netcash used in fin. activity 3,598.91 2,964.66 3,628.34 1,637.88 1,104.87

Net inc/dec in cash and equivlnt 12,435.78 564.74 6,591.95 1,993.11 2,447.66

Cash and equivalnt begin of year 17,506.62 14,778.34 8,074.54 6,188.66 3,741.00

Cash and equivalnt end of year 29,942.40 15,343.08 14,666.49 8,181.77 6,188.66

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

Per share ratios

Adjusted EPS (Rs) 64.33 52.68 44.85 35.77 27.80

Adjusted cash EPS (Rs) 72.95 61.14 52.51 50.20 41.33

Reported EPS (Rs) 64.42 52.77 44.87 35.74 27.81

Reported cash EPS (Rs) 73.03 61.24 52.53 50.16 41.34

Dividend per share 12.00 10.00 8.50 7.00 5.50

Operating profit per share (Rs) 106.25 92.36 107.32 86.19 52.56

Book value (excl rev res) per share (Rs) 470.19 344.44 324.38 201.42 169.24

Book value (incl rev res) per share (Rs.) 470.19 344.44 324.38 201.42 169.24

Net operating income per share (Rs) 436.03 464.77 348.57 259.98 177.80

Free reserves per share (Rs) 363.55 252.37 269.89 155.69 132.01

Profitability ratios
Operating margin (%) 24.36 19.87 30.78 33.15 29.56

Gross profit margin (%) 22.39 18.05 28.58 30.50 26.35

Net profit margin (%) 14.76 11.35 12.82 13.57 15.55

Adjusted cash margin (%) 16.71 13.15 15.01 19.07 23.11

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

Adjusted return on net worth (%) 13.68 15.29 13.82 17.75 16.42

Reported return on net worth (%) 13.70 15.32 13.83 17.74 16.43

Return on long term funds (%) 56.08 83.31 62.34 74.91 60.06

Leverage ratios
Long term debt / Equity - - - - -

Total debt/equity 7.78 9.75 8.76 10.62 10.53

Owners fund as % of total source 11.39 9.30 10.24 8.60 8.67

Fixed assets turnover ratio 4.24 5.00 5.18 4.33 3.50

Liquidity ratios
Current ratio 0.28 0.27 0.26 0.26 0.29

Current ratio (inc. st loans) 0.03 0.03 0.03 0.04 0.03

Quick ratio 7.14 5.23 4.89 4.07 5.18

Inventory turnover ratio - - - - -

Payout ratios
Dividend payout ratio (net profit) 21.72 22.16 22.16 22.91 22.55

Dividend payout ratio (cash profit) 19.15 19.10 18.93 16.32 15.17

Earning retention ratio 78.25 77.79 77.83 77.11 77.44

Cash earnings retention ratio 80.82 80.87 81.07 83.69 84.83

Coverage ratios
Adjusted cash flow time total debt 50.13 54.91 54.14 42.60 43.11

Financial charges coverage ratio 1.63 1.44 1.79 1.90 1.87

Fin. charges cov.ratio (post tax) 1.43 1.29 1.38 1.50 1.67

Component ratios
Material cost component (% earnings) - - - - -

Selling cost Component 0.41 0.54 0.92 0.90 1.45

Exports as percent of total sales - - - - -

Import comp. in raw mat. consumed - - - - -

Long term assets / total Assets 0.91 0.90 0.91 0.89 0.92

Bonus component in equity capital (%) - - - - -