BALANCE SHEET OF Britannia

EQUITY & LIABILITIES:

Equity
Equity Share Capital
Other Equity
TOTAL EQUITY
Liabilities
Non-Current Liabilities:
Financial Liabilities
Borrowings
Other Financial Liabilities
Deferred tax liabilities
Government Grant
Total non-current liabilities
Current Liabilities:
Financial Liabilities
Borrowings
Trade Payables
Dues to micro and small enterprises
Dues to others
Other Financial Laibilities
Other Current Liabilities
Government Grant
Provisions
Current tax Liabilities (net)
Total Current Liabilities
Total liabilities
TOTAL EQUITY AND LIABILITIES

ASSETS
Non-Current Assets :
Property, Plant and Equipment
Capital Work-in-Progress
Investment Property
Intangible Assets
Financial Assets
Investments
Loans
Other financial assets
Deferred tax assets (net)
Income tax assets (net)
Other non-current assets
Total
Current Assets:
Inventories
Financial Assets
Investments
Trade Receivables
Cash & Cash Equivalents
Bank bal other than C&CE
Loans receivable
Other financial assets
Other Current Assets
Total current asssets
TOTAL ASSETS
As at As at As at
March 31st,2019 March 31st,2018 March 31st,2017
Rs. Crore Rs. Crore Rs. Crore

24.03 24.01 24.00

4015.42 3211.27 2557.98
4039.45 3235.28 2581.98

0.26 0.30 0.44

27.03 24.97 22.86
3.87 0.00 0.00
0.00 0.72 1.44
31.16 25.99 24.74

0.00 9.01 0.00

1.78 1.55
1030.76 864.81 643.82 total
205.17 182.62 142.93
84.83 82.05 85.62
0.71 0.71 0.71
188.52 171.05 174.48
70.59 54.23 41.86
1582.36 1366.03 1089.42
1613.52 1392.02 1114.16
5652.97 4627.30 3696.14
1283.85 1008.31 812.47
64.91 200.28 29.77
36.13 14.99 15.25
7.62 7.97 11.60

1050.97 450.65 514.18

15.55 86.74 116.52
1.00 0.00 12.12
0.00 8.68 6.43
29.52 14.07 16.58
93.15 68.09 156.34
2582.70 1859.78 1691.26

718.89 594.58 602.61

594.70 735.48 85.73

350.96 230.32 126.41
24.73 88.91 21.23
15.75 8.34 32.32
1121.41 820.41 791.94
119.54 98.51 78.28
124.29 190.97 266.36
3070.27 2767.52 2004.88
5652.97 4627.30 3696.14
0 0 0
STATEMENT OF PROFIT & LOSS
Year Ended
Mar 31st , 2019
Rs. Crore
Income
Sale of goods/ income from operations 10,389.49
Other operating revenues 92.96
Revenue from Operations 10,482.45
Other Income 190.52
Total Income 10,672.97
Expenses :
Cost of Materials Consumed 4,944.77
Excise Duty 0.00
Purchases of stock in trade 1,381.88
Changes in Inventories of Finished
Goods,Intermediaries and Work in
Process -49.02
Employee Benefit Expenses 321.64
Finance Costs 1.54
Depreciation & Amortization expenses 135.00
Other Expenses 2,221.05
Total Expenses 8,956.86

Profit before exceptional items and tax 1,716.11

Exceptional items 0.00
Profit before Tax 1,716.11
Tax Expenses
(a) Current Tax Expense 581.36
(b)Deferred Tax 12.55
Total tax 593.91

Profit for the Year 1,122.20

Also see sheets named Profitability, Liquidity etc for ratio calculations
Profit margin 10.71%

Average assets 5140.14

ROA 21.83%

Asset turnover 2.04

Average equity 3637.365

ROE 30.85%

Leverage 1.4131479794

Current ratio 1.94

CA - inv 2351.38

Quick ratio 1.4859956015

Average inventory 656.74

Average receivable 290.64

inventory turnover ratio 15.96

receivable turnover 36.07

inventory holding period 22.87

receivable collection period 10.1201150494

operating cycle 32.99

Debt Equity Ratio 0.0064%

Interest Coverage Ratio 1115.36

Debt Service coverage Ratio

All liabilities to equity ratio 0.4071544393

Average price 2916

Dividend 0.5%

346.95
12.62%

total equity 4039.45

number of shares in crores 24.0318294
book value 168.0874948288

18.3353913576
Year Ended
Mar 31st , 2018
Rs. Crore

9,282.04
98.13
9,380.17
155.93
9,536.10

4,405.17
76.11
1,372.46

-4.18
294.87
1.45
119.76
1,825.26
8,090.90

1,445.20
0.00
1,445.20

499.56
-2.25
497.31

947.89
r ratio calculations
10.11%

4161.72

22.78%

2.25 times

2908.63

32.59%

1.4308179452 times

2.03

2172.94

1.5906971296

598.60

178.37

15.67 times

52.59 times

23.29 days

6.9405165365 days

30.23

0.3%
 997.69 times

0.4382959126
BALANCE SHEET OF Britannia

EQUITY & LIABILITIES:

Equity
Equity Share Capital
Other Equity
TOTAL EQUITY
Liabilities
Non-Current Liabilities:
Financial Liabilities
Borrowings
Other Financial Liabilities
Deferred tax liabilities
Government Grant
Total non-current liabilities
Current Liabilities:
Financial Liabilities
Borrowings
Trade Payables
Dues to micro and small enterprises
Dues to others
Other Financial Laibilities
Other Current Liabilities
Government Grant
Provisions
Current tax Liabilities (net)
Total Current Liabilities
Total liabilities
TOTAL EQUITY AND LIABILITIES

ASSETS
Non-Current Assets :
Property, Plant and Equipment
Capital Work-in-Progress
Investment Property
Intangible Assets
Financial Assets
Investments
Loans
Other financial assets
Deferred tax assets (net)
Income tax assets (net)
Other non-current assets
Total
Current Assets:
Inventories
Financial Assets
Investments
Trade Receivables
Cash & Cash Equivalents
Bank bal other than C&CE
Loans receivable
Other financial assets
Other Current Assets
Total current asssets
TOTAL ASSETS
As at As at
March 31st,2019 March 31st,2018
Rs. Crore Rs. Crore

24.03 24.01
4015.42 3211.27
4039.45 3235.28 804.17 24.86%

0.26 0.30
27.03 24.97
3.87 0.00
0.00 0.72
31.16 25.99 5.17 19.89%

0.00 9.01

1.78 1.55
1030.76 864.81
205.17 182.62
84.83 82.05
0.71 0.71
188.52 171.05
70.59 54.23
1582.36 1366.03
1613.52 1392.02 221.50 15.91%
5652.97 4627.30
1283.85 1008.31
64.91 200.28
36.13 14.99
7.62 7.97

1050.97 450.65
15.55 86.74
1.00 0.00
0.00 8.68
29.52 14.07
93.15 68.09
2582.70 1859.78 722.92 38.87%

718.89 594.58

594.70 735.48
350.96 230.32
24.73 88.91
15.75 8.34
1121.41 820.41
119.54 98.51
124.29 190.97
3070.27 2767.52 302.75 10.94%
5652.97 4627.30 1025.67 22.17%

0 0
STATEMENT OF PROFIT & LOSS
Year Ended
Mar 31st , 2019
Rs. Crore
Income
Sale of goods/ income from operations 10,389.49
Other operating revenues 92.96
Revenue from Operations 10,482.45
Other Income 190.52
Total Income 10,672.97
Expenses :
Cost of Materials Consumed 4,944.77
Excise Duty 0.00
Purchases of stock in trade 1,381.88
Changes in Inventories of Finished
Goods,Intermediaries and Work in
Process -49.02
Employee Benefit Expenses 321.64
Finance Costs 1.54
Depreciation & Amortization expenses 135.00
Other Expenses 2,221.05
Total Expenses 8,956.86

Profit before exceptional items and tax 1,716.11

Exceptional items 0.00
Profit before Tax 1,716.11
Tax Expenses
(a) Current Tax Expense 581.36
(b)Deferred Tax 12.55
Total tax 593.91

Profit for the Year 1,122.20

Year Ended
Mar 31st , 2018
Rs. Crore

9,282.04
98.13
9,380.17 1,102 11.75%
155.93 35 22.18%
9,536.10 1,137 11.92%

4,405.17 540 12.25%

76.11 -76 -100.00%
1,372.46 9 0.69%

-4.18 -45 1072.73%

294.87 27 9.08%
1.45 0 6.21%
119.76 15 12.73%
1,825.26 396 21.68%
8,090.90 866 10.70%

1,445.20 271 18.75%

0.00
1,445.20 271 18.75%

499.56 82 16.37%
-2.25 15 -657.78%
497.31 97 19.42%

947.89 174 18.39%

BALANCE SHEET OF Britannia

EQUITY & LIABILITIES:

Equity
Equity Share Capital
Other Equity
TOTAL EQUITY
Liabilities
Non-Current Liabilities:
Financial Liabilities
Borrowings
Other Financial Liabilities
Deferred tax liabilities
Government Grant
Total non-current liabilities
Current Liabilities:
Financial Liabilities
Borrowings
Trade Payables
Dues to micro and small enterprises
Dues to others
Other Financial Laibilities
Other Current Liabilities
Government Grant
Provisions
Current tax Liabilities (net)
Total Current Liabilities
Total liabilities
TOTAL EQUITY AND LIABILITIES

ASSETS
Non-Current Assets :
Property, Plant and Equipment
Capital Work-in-Progress
Investment Property
Intangible Assets
Financial Assets
Investments
Loans
Other financial assets
Deferred tax assets (net)
Income tax assets (net)
Other non-current assets
Total
Current Assets:
Inventories
Financial Assets
Investments
Trade Receivables
Cash & Cash Equivalents
Bank bal other than C&CE
Loans receivable
Other financial assets
Other Current Assets
Total current asssets
TOTAL ASSETS
As at As at
March 31st,2019 March 31st,2018
Rs. Crore Rs. Crore

24.03 0.00 24.01

4015.42 71% 3211.27
4039.45 71.457% 3235.28

0.26 0.00 0.30

27.03 0.48% 24.97
3.87 0.07% 0.00
0.00 0.00% 0.72
31.16 0.55% 25.99

0.00 0.00% 9.01

1.78 0.03% 1.55

1030.76 18.23% 864.81
205.17 3.63% 182.62
84.83 1.50% 82.05
0.71 0.01% 0.71
188.52 3.33% 171.05
70.59 1.25% 54.23
1582.36 27.99% 1366.03
1613.52 28.54% 1392.02
5652.97 100.00% 4627.30
1283.85 22.71% 1008.31
64.91 1.15% 200.28
36.13 0.64% 14.99
7.62 0.13% 7.97

1050.97 18.59% 450.65

15.55 0.28% 86.74
1.00 0.02% 0.00
0.00 0.00% 8.68
29.52 0.52% 14.07
93.15 1.65% 68.09
2582.70 45.69% 1859.78

718.89 12.72% 594.58

594.70 10.52% 735.48

350.96 6.21% 230.32
24.73 0.44% 88.91
15.75 0.28% 8.34
1121.41 19.84% 820.41
119.54 2.11% 98.51
124.29 2.20% 190.97
3070.27 54.31% 2767.52
5652.97 100.00% 4627.30
0 0
 0.52%
69.40%
69.92%

0.01%
0.54%
0.00%
0.02%
0.56%

0.19%

0.03%
18.69%
3.95%
1.77%
0.02%
3.70%
1.17%
29.52%
30.08%
100.00%
 21.79%
4.33%
0.32%
0.17%

9.74%
1.87%
0.00%
0.19%
0.30%
1.47%
40.19%

12.85%

15.89% 1.234618
4.98%
1.92% 5005.66/3426
0.18%
17.73% 3.031976
2.13%
4.13%
59.81%
100.00%
STATEMENT OF PROFIT & LOSS
Year Ended
Mar 31st , 2019
Rs. Crore
Income
Sale of goods/ income from operations 10,389.49
Other operating revenues 92.96
Revenue from Operations 10,482.45
Other Income 190.52
Total Income 10,672.97
Expenses :
Cost of Materials Consumed 4,944.77
Excise Duty 0.00
Purchases of stock in trade 1,381.88
Changes in Inventories of Finished
Goods,Intermediaries and Work in
Process -49.02
Employee Benefit Expenses 321.64
Finance Costs 1.54
Depreciation & Amortization expenses 135.00
Other Expenses 2,221.05
Total Expenses 8,956.86

Profit before exceptional items and tax 1,716.11

Exceptional items 0.00
Profit before Tax 1,716.11
Tax Expenses
(a) Current Tax Expense 581.36
(b)Deferred Tax 12.55
Total tax 593.91

Profit for the Year 1,122.20

 Year Ended
Mar 31st , 2018
Rs. Crore

9,282.04
98.13
100% 9,380.17 100%
1.82% 155.93 1.66%
9,536.10

47.17% 4,405.17 47.0%

0.00% 76.11 0.8%
13.18% 1,372.46 14.6%

-0.47% -4.18 0.0% 59.89% 62.4% Material cost (net)

3.07% 294.87 3.1%
0.015% 1.45 0.0%
1.29% 119.76 1.3%
21.19% 1,825.26 19.5%
85.45% 8,090.90 86.3%

16.37% 1,445.20 15.4%

0.00% 0.00 0.0%
16.37% 1,445.20 15.4%
0.00%
5.55% 499.56 5.3%
0.12% -2.25 0.0%
5.67% 497.31 5.3%

10.71% 947.89 10.1%

 Amounts in Rs. Crores
Ratio Formula

A Return on Equity Profit After Tax

Average Equity

B Profit After Tax

Net Profit Margin (%) or Return On Sales
Sales

C Operating Profit Margin (%) NOPAT

Sales

D Return on Assets Profit After Tax

Average Total Assets

Profit margin Profit After Tax

Sales

Asset Turnover Ratio Sales

Average Total Assets

* Profit excluding exceptional items

Also refer Sheet 2 for NOPAT

Extended Dupont Analysis

Return on Equity Profit After Tax

Average Total Equity

Profit margin Profit After Tax

Sales

Asset Turnover Ratio Sales

Average Total Assets

Leverage Average Total Assets

Average Total Equity
 2018-2019 2018-2017

1,122.20 30.85% 947.89 32.59%

3,637.37 2,908.63

1,122.20 10.71% 947.89 10.11%

10,482.45 9,380.17

- 0.00% - 0.00%
10,482.45 9,380.17

1,122.20 21.83% 947.89 22.78%

5,140.14 4,161.72

1,122.20 10.71% 947.89 10.11%

10,482.45 9,380.17

10,482.45 2.039 9,380.17 2.254

5,140.14 4,161.72

1,122.20 30.85% 947.89 32.59%

3,637.37 2,908.63

1,122.20 10.71% 947.89 10.11%

10,482.45 9,380.17

10,482.45 2.04 9,380.17 2.25

5,140.14 4,161.72

5,140.14 1.41 4,161.72 1.43

3,637.37 2,908.63
 Liquidity Ratios

Amounts in Rs. Crores

Ratio Formula 2018-2019

A Current Ratio Total Current Assets 3,070.27 1.94

Total Current Liabilities 1,582.36

B Quick Test Ratio Current Assets- Inventory 2,351.38 1.49

Current Liabilites 1,582.36

C Inventory Turnover Ratio Sales 10,482.45 15.96

Average Inventory 656.74

D Inventory Holding Period No of days in a year 365 22.87

Inventory Turnover Ratio 15.96

E Receivables Turnover Ratio Sales Turnover 10,482.45 36.07

Average Receivable 290.64

F Receivables Collection Period No of days in a year 365 10.12

Receivables Turnover Ratio 36.07

Operating cycle 32.99

 2017-2018

:1 2,767.52 2.03 : 1
1,366.03

:1 2,172.94 1.59 : 1
1,366.03

Times 9,380.17 15.67 Times

598.60

Days 365 23.29 Days

15.67

Times 9,380.17 52.59 Times

178.37

Days 365 6.94 Days

52.59

Days 30.23 Days

 Solvency Ratios

Amounts in Rs. Crores

Ratio Formula 2018-2019

A Debt to equity ratio Total Borrowings (Short term & Long term) 0.26
Sharholders' Funds 4,039.45

B Liabilities to Equity Ratio Total Liabilities. 1,613.52

Sharholders' Funds 4,039.45

C Leverage Total Assets 5,652.97

Total Equity 4,039.45

D Interest Coverage Ratio PBIT 1,717.65

Interest Expense 1.54
2018-2019 2017-2018

9.31
3,235.28

0.40 : 1 1,392.02 0.43 : 1

3,235.28

1.40 : 1 4,627.30 1.43 : 1

3,235.28

1,115.36 times 1,446.65 997.69 times

1.45
 Capital Market Ratios

Amounts in Rs. Crores

Ratio Formula 2018-2019

A Earnings Per Share

(a) Basic
(b) Diluted

C Price Earnings Ratio Market Price

Earnings Per Share

D Dividend Yield Ratio Dividend per Share

Market Price

E Price to Book Ratio Market Price

Book value of one share

F Book value of one share Net worth

Number of shares

Return in last one year

Return %
2018-2019 2017-2018