BALANCE SHEET OF CASTROL INDIA LTD.

FOR PREVIOUS 5 YEARS (CONSIDERING FROM

JANUARY TO DECEMBER AS A FINANCIAL YEAR)

EQUITIES AND LIABILITIES

SHAREHOLDER'S FUNDS Dec 17 Dec-16 Dec-15 Dec-14 Dec-13

Equity Share Capital 494.56 247.28 247.28 247.28 494.56
Total Share Capital 494.56 247.28 247.28 247.28 494.56
Reserves and Surplus 525.59 348.47 328.33 249.5 256.86
Total Reserves and Surplus 525.59 348.47 328.33 249.5 256.86

Total Shareholders Funds 1,020.15 595.75 575.61 496.78 751.42

NON-CURRENT
LIABILITIES
Other Long Term Liabilities 0.06 11.43 12.3 11.03 10.83
Long Term Provisions 15.88 2.66 2.64 2.64 2.48
Total Non-Current
15.94 14.09 14.94 13.67 13.31
Liabilities
CURRENT LIABILITIES
Trade Payables 606.64 645.6 549.39 539.86 472.83
Other Current Liabilities 296.62 163.73 148.5 137.35 120.95
Short Term Provisions 37.6 468.1 373.18 304.18 256.5
Total Current Liabilities 940.86 1,277.43 1,071.07 981.39 850.28
TOTAL CAPITAL AND
1,976.95 1,887.27 1,661.62 1,491.84 1,615.01
LIABILITIES
ASSETS

NON-CURRENT ASSETS
Tangible Assets 136.35 141.94 140.21 162.21 143.22
Intangible Assets 2.62 5.04 8.63 9.86 0.24
Capital Work-In-Progress 57.27 37.26 36.41 15.67 31.87
Fixed Assets 196.24 184.24 185.25 187.74 175.33
Deferred Tax Assets [Net] 55.15 67.17 49.92 61.81 52.96
Long Term Loans And
10.81 94.36 93.24 85.03 87.59
Advances
Other Non-Current Assets 143.01 0 0 0 0
Total Non-Current Assets 405.21 345.77 328.41 334.58 315.88
CURRENT ASSETS
Inventories 319.57 343.88 304.58 365.47 374.01
Trade Receivables 284.97 255.22 236.46 271.5 237.24
Cash And Cash Equivalents 784.23 821.88 696.5 431.45 594.22
Short Term Loans And
0.5 112.59 88.97 86.21 86.44
Advances
Other Current Assets 182.47 7.93 6.7 2.63 7.22
Total Current Assets 1,571.74 1,541.50 1,333.21 1,157.26 1,299.13
TOTAL ASSETS 1,976.95 1,887.27 1,661.62 1,491.84 1,615.01

OTHER ADDITIONAL INFORMATION

CONTINGENT LIABILITIES,
COMMITMENTS
Contingent Liabilities 95.51 71.22 32 67.08 69.69
CIF VALUE OF IMPORTS
Raw Materials 0 652.79 659.93 828.57 758.79
Capital Goods 0 5.63 24.05 13.13 6.63
EXPENDITURE IN FOREIGN
EXCHANGE
Expenditure In Foreign
99.77 205.68 209.55 205.38 163.51
Currency
REMITTANCES IN FOREIGN
CURRENCIES FOR
DIVIDENDS
Dividend Remittance In
- 333.74 281.04 421.55 245.9
Foreign Currency
EARNINGS IN FOREIGN
EXCHANGE
FOB Value Of Goods 25.65 1.32 2.29 2.79 3.2
Other Earnings - 12.98 13.34 11.13 13.18
BONUS DETAILS
Bonus Equity Share Capital 490.91 243.63 243.63 243.63 487.27

Non-Current Investments
- - - - -
Quoted Market Value
Non-Current Investments
- - - - -
Unquoted Book Value

CURRENT INVESTMENTS

Current Investments Quoted

- - - - -
Market Value
Current Investments
- -
Unquoted Book Value
INCOME STATEMENT OF CASTROL INDIA LTD. FOR THE PERIOD OF 12 MONTHS
FROM JANUARY TO DECEMBER OF PREVIOUS 5 YEARS

INCOME Dec 17 Dec-16 Dec-15 Dec-14 Dec-13

Revenue From Operations
3,836.10 3,863.56 3,778.72 3,907.08 3,663.97
[Gross]
Less: Excise/Sevice Tax/Other
267.24 505.63 493.39 526.29 497.88
Levies
Revenue From Operations
3,568.86 3,357.93 3,285.33 3,380.79 3,166.09
[Net]
Other Operating Revenues 15.46 12.4 12.7 11.54 13.53
Total Operating Revenues 3,584.32 3,370.33 3,298.03 3,392.33 3,179.62
Other Income 83.65 87.27 95.87 48.1 83.64
Total Revenue 3,667.97 3,457.60 3,393.90 3,440.43 3,263.26
EXPENSES
Cost Of Materials Consumed 1,474.63 1,320.27 1,388.38 1,760.46 1,681.42
Purchase Of Stock-In Trade 196.7 226.3 197.6 160.23 138.47
Changes In Inventories Of
-5.43 -14.98 14.81 16.81 -31.42
FG,WIP And Stock-In Trade
Employee Benefit Expenses 195.63 172.56 176.59 161.56 145.97
Finance Costs(Interest
1.2 1.48 0.83 2.38 1.71
Expense)
Depreciation And Amortisation
45.5 44.96 38.97 36.13 30.45
Expenses
Other Expenses 689.67 661.31 625.77 576.55 557.7
Total Expenses 2,597.90 2,411.90 2,442.95 2,714.12 2,524.30

Dec-17 Dec-16 Dec-15 Dec-14 Dec-13

12 mths 12 mths 12 mths 12 mths 12 mths

Profit/Loss Before
Exceptional, ExtraOrdinary 1,070.07 1,045.70 950.95 726.31 738.96
Items And Tax
Exceptional Items 0 0 0 0 22.8
Profit/Loss Before Tax 1,070.07 1,045.70 950.95 726.31 761.76
Tax Expenses-Continued
Operations
Current Tax 365.14 388.04 323.8 260.6 241.06
Deferred Tax 13.12 -17.25 11.89 -8.85 12.13
Total Tax Expenses 378.26 370.79 335.69 251.75 253.19
Profit/Loss After Tax And
691.81 674.91 615.26 474.56 508.57
Before ExtraOrdinary Items
Profit/Loss From Continuing
691.81 674.91 615.26 474.56 508.57
Operations
 PROFIT/LOSS FOR THE
691.81 674.91 615.26 474.56 508.57
PERIOD

OTHER ADDITIONAL INFORMATION

EARNINGS PER SHARE

Basic EPS (Rs.) 6.99 13.65 12.44 9.6 10.28

Diluted EPS (Rs.) 6.99 13.65 12.44 9.6 10.28

VALUE OF IMPORTED AND
INDIGENIOUS RAW
MATERIALS
Imported Raw Materials 0 711.08 757.81 944.59 887.55
Indigenous Raw Materials 0 609.19 630.57 557.28 602.25
STORES, SPARES AND
LOOSE TOOLS
DIVIDEND AND DIVIDEND
PERCENTAGE
Equity Share Dividend 544.01 544.01 445.1 370.92 346.2
Tax On Dividend 110.76 110.76 90.61 68.97 58.84
Equity Dividend Rate (%) 140 220 180 150 70

RATIOS TO BE CALCULATED
CURRENT RATIO 2017 2016 2015 2014 2013
CURRENT ASSETS/CURRENT 1.67053546
1.206719742 1.244745908 1.179205005 1.527884932
LIABILITIES 8

INTERPRETATION BASED ON CURRENT RATIO

Current Ratio is a Liquidity Ratio whch reflects the GROSS LIQUIDITY of a the Firm. The Standard Ratio is 2:1, which is
not being seen in any of the Years.Coming on to the trend,we find fluctuations every Year in the Current Ratio. An
Increment from the Year 2013 to Year 2014,Increment from the Year 2014 to Year 2015,a Slight Decrement from the
Year 2015 to Year 2016 and an Improvement(Increment) from the Year 2016 to Year 2017 which is the Best Current
Ratio in the Past 5 years. The ratios are also not below the mark(1:1) in any year.

ACID-TEST RATIO 2017 2016 2015 2014 2013

(CURRENT ASSETS less
INVENTORY)/(CURRENT 1.33087813
0.937522995 0.960376073 0.806804634 1.088018065
LIABILITIES less BANK 3
OVERDRAFT)

INTERPRETATION BASED ON ACID-TEST(QUICK) RATIO

Acid-Test Ratio is also a Liquidity Ratio which reflects the IMMEDIATE LIQUIDITY of the Firm.The Standard Ratio is 1:1,which is
being seen in the Year 2013 and the latest of all, Year 2017.Coming on to the Trend,we find fluctuations in the Ratio every Year.A
decrease from the Year 2013 to Year 2014,an Increment from Year 2014 to the Year 2015,a slight decrease from the Year 2016
and an Improvement(Increase) from Year 2016 to Year 2017 which is the Best Acid-Test Ratio in the Past 5 Years.

OPERATING PROFIT 2017 2016 2015 2014 2013

MARGIN(%)
29.8876774
(EBIT/SALES REVENUE)*100 31.07054799 28.85904616 21.48051634 23.29429303
4

INTERPRETATION BASED ON OPERATING PROFIT MARGIN

Operating Profit Margin/Ratio is a type of PROFITABILITY Ratio which reflects How Efficiently the Operating Expenses
are Managed.Here, The Ratio is above 20% every year.From year 2013 to year 2014,it has declined.From Year 2014
to Year 2015 it has shown a good amount of Increment.From Year 2015 to Year 2016 it has again incresed and
crossed 30%.Finally a slight decrement is seen from Year 2016 to Year 2017.But overall,we can comment they've
managed their operating expenses well.

2017 2016 2015 2014 2013

NET PROFIT MARGIN(%)
(NET PROFIT/SALES 19.3010110
20.02504206 18.65537912 13.98920506 15.99467861
REVENUE)*100 7

INTERPRETATION BASED ON NET PROFIT MARGIN

Net Profit Margin/Ratio is a type of PROFITABILITY which reflects the ULTIMATE PROFIT EARNING CAPACITY of the
Firm.Trend says that From Year 2013 to 2014, it has declined.From year 2014 to Year 2015, it has shown an
increment of 5%(approx.).From Year 2015 to Year 2016, it has again increased.Finally a very little decrement amount
from Year 2016 to Year 2017.So the Profit Earning Capacity of Castrol India ltd. stays around 15 to 20% in the
previous 5 years.

TOTAL DEBT RATIO 2017 2016 2015 2014 2013

TOTAL LIABILITIES less
0.48397784
SHAREHOLDER'S FUNDS/TOTAL 0.684332395 0.653585056 0.667001823 0.534727339
5
ASSETS

INTERPRETATION BASED ON TOTAL DEBT RATIO

Total Debt Ratio is a type of LEVERAGE RATIOS which depicts the Risk associated with the management of Total
liabilities to Total Assets, so that the Potential Interested users may accordingly decide whether to be interestedin
the Firm or not.The Higher is the Debt Ratio,the more is The Risk associated.From the year 2013 to Year 2014, it has
shown an increment. From Year 2014 to Year 2015 it has decreased slightly. From Year 2015 to Year 2016 its has
increased a bit. Finally from the year 2016 to Year 2017, it has shown a good IMPROVEMENT( substantial Decrement)
and reached below 0.5 which is turning it out to be a Good Ratio.

2017 2016 2015 2014 2013

DEBT TO EQUITY RATIO
(LONG TERM
0.01562515
LIABILITIES)/SHAREHOLDER'S 0.02365086 0.025955074 0.027517211 0.01771313
3
FUNDS

INTERPRETATION BASED ON DEBT TO EQUITY RATIO

Debt to Equity Ratio is a type of LEVERAGE RATIOS which depicts the ability of a firm to Pay it Long Term Debts. A
major bound line set for Debt-Equity Ratio is 2.Above 2, The Debt Equity ratio is High and says that more than 2/3rds
of the Long Term Debt is harmful for the Firm. Here, from the Year 2013 to Year 2014 it has increased a bit. From
Year 2014 to Year 2015, it has decreased a bit. From Year 2015 to Year 2016, it has slightly Decreased. From Year
2016 to Year 2017, it has a substantial amount of decrement which is a good sign.Overall, it hangs around a good
Debt-Equity Ratio.

INTEREST COVERAGE 2017 2016 2015 2014 2013

RATIO(TIMES)
433.140350
892.725 707.5540541 1146.722892 306.1722689
(EBIT/INTEREST EXPENSE) 9

INTERPRETATION BASED ON INTEREST COVERAGE RATIO

Interest Coverage Ratio is a SOLVENCY RATIO which shows the Times Interest Earned. It shows a Cover of EBIT on the
expense of Interest paid. A higher Interest Cover shows a good Solvency,which guides the potential users of the firm
to decide accordingly. From Year 2013 to Year 2014, it has decreased.But from Year 2014 to Year 2015, it has shown
A SUBSTANTIAL INCREMENT(IMPROVEMENT),which is a lot good sign.From Year 2015 to Year 2016 it has again
decreased by a high amount.From Year 2016 to Year 2017, it has increased again.Overall it has a Good Solvency.

RETURN ON ASSETS(%) 2017 2016 2015 2014 2013

(NET PROFIT/AVG. TOTAL 35.8059323 32.8684344
38.03499122 39.02126553 30.54927016
ASSETS)*100 7 9

INTERPRETATION BASED ON RETURN ON ASSETS

Return on Assets is a type of Asset Utilisation Ratio which shows the amount of Net profits earned with respect to
the Total Assets of the Firm. The Higher is the ROA, the better it is for the Firm. Here, From the Year 2013 to Year
2014, a decrement is seen.From Year 2014 to Year 2015, there is a good amount of increment. A slight decrease is
visible from the Year 2015 to Year 2016. A decrease is also shown from the Year 2016 to Year 2017.

RETURN ON 2017 2016 2015 2014 2013

INVESTMENT(%)

(EBIT*100)/(AVG. LONG TERM 103.904101

130.172 174.4732962 172.893733 114.2881789
LIABILITIES add AVG. TOTAL 9
SHAREHOLDER'S FUNDS)

INTERPRETATION BASED ON RETURN ON INVESTMENT

Return on Investment is a type of Asset Utilisation Ratio which shows the amount of EBIT with respect to the Average
Long Term Liabilities and Average Shareholder's Funds. From Year 2013 to Year 2014, it has increased.From Year
2014 to Year 2015, a good amount of Increment is seen. An increase from the Year 2015 to Year 2016, can be seen. A
high amount of Decrement is seen from the Year 2016 to Year 2017. But overall, it is a good Ratio for CASTROL INDIA
LTD.

EARNINGS PER SHARE 2017 2016 2015 2014 2013

NET PROFITS/NO. OF SHARES 6.99418000
13.64664294 12.44052323 9.595577002
10.2832573
HELD 4 2

INTERPRETATION BASED ON EARNINGS PER SHARE(EPS)

EPS is a type of INVESTER-RELATED RATIO, which depicts the Profit available to be distributed to the Share holders on
the basis of Shares held by them. A very good Earnings per share are seen in the previous Years. From Year 2013 to
Year 2014, a slight decrement is there. From Year 2014 to Year 2015, an increment is seen. Again, an increment from
Year 2015 to Year 2016, is seen which is the best EPS in last 5 years. From Year 2016 to Year 2017 a substantial
decrease is seen and brought down to 6.99 Per share. Overall A good trending in EPS of CASTROL INDIA LTD. will
Impact The Potential Investors Positively.

DIVIDEND PAYOUT 2017 2016 2015 2014 2013

RATIO(%)
(DIVIDEND PER
78.6827765 68.0947946
SHARE/EARNING PER 80.58499757 72.34644235 78.1248117
9 3
SHARE)*100
INTERPRETATION BASED ON DIVIDEND PAYOUT RATIO
 Dividend Payout Ratio is a INVESTER RELATED RATIO which depicts the amount rate of Dividend distributed with
respect to the Earnings Per Share. The Higher is the Ratio, the higher it is better for The Future opportunities of the
firm. From Year 2013 to the Year 2014 it has increased. From Year 2014 to Year 2015, it has decreased a bit. From
Year 2015 to Year 2016 It has again increased. From Year 2016 to Year 2017, it has decreased with a small rate.
Overall, all of the Five Year's Dividend Payout Ratio shows that the distribution of dividend is Good in Amount and
Noticeable for Potential Investors.

ADDITIONAL INFORMATION AND NOTES RELATED TO THE CALCULATIONS.

1.EBIT has been calculated by {Profit before Extraordinary items, Exceptional items and Tax +
Finance cost(Interest)}.

2.DATA used in Calculations OF EPS AND DIVIDEND PER SHARE

YEAR 2017 2016 2015 2014 2013

Profit available for shareholders 6,918,100,000.00 6,749,100,000.00 6,152,600,000.00 4,745,600,000.00 5,085,700,000.00
No of Shares held 989,122,384.00 494,561,192.00 494,561,192.00 494,561,192.00 494,561,192.00
Dividend on Equity shares 5,440,100,000.00 5,440,100,000.00 4,451,000,000.00 3,709,200,000.00 3,462,000,000.00

3. THE Total ASSETS(1479.57 CRORES) FOR THE YEAR 2012 have been taken along with the LONG
TERM LIABILITIES(11.72 CRORES) AND SHAREHOLDER’S FUND(649.23 CRORES), FOR THE AVERAGES
TO BE USED IN FORMULAS OF RATIOS.

YEAR NO OF
SHARES
HELD.

2017 989,122,384.00
2016 494,561,192.00
2015 494,561,192.00
2014 494,561,192.00
2013 494,561,192.00