COST OF EQUITY(HPCL)

MAR’17 MAR’16 MAR’15 MAR’14 MAR’13

Market 525.65 787.75 649.8 309.8 287.83
Price(Rs.)
Dividend per 30 34.50 24.50 15.50 8.50
Share(Rs.)
Growth in (13.04) 40.81 58.06 82.35 0.00
dividend (%)
Cost of (7.30) 45.10 61.83 87.35 2.90
Equity (%)

COST OF EQUITY (RELIANCE)

MAR’17 MAR’16 MAR’15 MAR’14 Mar’13
Market 660 523 413 465 386
Price(Rs.)
Dividend per 11.00 10.50 10.00 9.50 9.00
Share(Rs.)
Growth in 4.76 5.00 5.26 5.55 5.80
dividend (%)
Cost of 6.42 7.00 7.68 7.59 8.13
equity (%)

COST OF DEBIT(HPCL)
MAR’17 MAR’16 MAR’15 MAR’14 Mar’13
Interest (Rs.cr) 535.65 640.14 706.59 1336.36 2019.33
Total 17,170.56 14,522.02 17,055.64 31,930.05 32,458.27
debt(Rs.cr)
Cost of 3.11 4.44 4.14 4.18 6.22
debt(%)

COST OF DEBIT(RELIANCE)
MAR’17 MAR’16 MAR’15 MAR’14 Mar’13
Interest (Rs.cr) 2,723.00 2454.00 2367.00 3206.00 3036.00
Total 101,303.00 92,356.00 89,141.00 85,481.00 54,523.00
debt(Rs.cr)
Cost of 2.68 2.65 2.65 3.75 5.56
debt(%)
 HPCL(WACC)
Sources of funds Amount (in cr.) Proportion (%) Cost(%) WC
Equity 1,016.26 3.8 (7.30) (27.74)
Retained Earnings 19,298.03 72.6 (7.30) (529.98)
Long term debt 6,278.15 23.6 3.11 73.16
Total 26,592.4 100 (484.56)
WACC (4.85)

RELIANCE(WACC)
Sources of funds Amount (in cr.) Proportion (%) Cost(%) WC
Equity 3,251.00 0.9 6.42 5.778
Retained Earnings 285,062.00 77.7 6.42 498.83
Long term debt 78,723.00 21.4 2.68 57.352
Total 367,036.00 100 561.96
WACC 5.62