Face Value 1.00 1.

00

Dividend Per Share 22.00 20.00

Operating Profit Per Share (Rs) 39.90 33.61

Net Operating Profit Per Share (Rs) 176.58 159.50

Free Reserves Per Share (Rs) -- --

Bonus in Equity Capital 60.96 60.96

Operating Profit Margin(%) 22.59 21.07

Profit Before Interest And Tax Margin(%) 20.86 19.37

Gross Profit Margin(%) 21.22 19.69

Cash Profit Margin(%) 17.45 16.46

Adjusted Cash Margin(%) 17.45 16.46

Net Profit Margin(%) 15.79 15.16

Adjusted Net Profit Margin(%) 15.52 14.92

Return On Capital Employed(%) 114.59 104.12

Return On Net Worth(%) 79.06 74.02

Adjusted Return on Net Worth(%) 82.04 74.89

Return on Assets Excluding Revaluations 35.27 32.69

Return on Assets Including Revaluations 35.27 32.69

Return on Long Term Funds(%) 114.97 104.12

Current Ratio 1.00 0.94

Quick Ratio 0.73 0.68

Debt Equity Ratio -- --

Long Term Debt Equity Ratio -- --

Interest Cover 313.46 368.35

Total Debt to Owners Fund -- --

Financial Charges Coverage Ratio 332.18 392.25

Financial Charges Coverage Ratio Post Tax 235.29 286.75

Inventory Turnover Ratio 15.78 14.93

Debtors Turnover Ratio 27.11 33.28

Investments Turnover Ratio 15.78 14.93

Fixed Assets Turnover Ratio 6.98 7.09

Total Assets Turnover Ratio 5.29 5.15

Asset Turnover Ratio 5.19 5.09

Average Raw Material Holding -- --

Average Finished Goods Held

Number of Days In Working Capital -19.35 -29.49

Material Cost Composition 46.95 47.22

Imported Composition of Raw Materials Consumed -- --

Selling Distribution Cost Composition 11.90 11.88

Expenses as Composition of Total Sales 0.84 1.12

Dividend Payout Ratio Net Profit 75.31 74.39

Dividend Payout Ratio Cash Profit 69.29 68.17

Earning Retention Ratio 27.42 26.48

Cash Earning Retention Ratio 33.02 32.57

AdjustedCash Flow Times -- --

Earnings Per Share 27.88 24.19

Book Value 35.27 32.69

INVESTMENT VALUATION RATIOS

Face Value 1.00 1.00 1.00 1.00 1.00

Dividend Per Share 22.00 20.00 17.00 16.00 15.00

Operating Profit Per Share (Rs) 39.90 33.61 27.94 26.57 24.07

Net Operating Profit Per Share (Rs) 176.58 159.50 147.34 143.54 142.39

Free Reserves Per Share (Rs) -- -- -- -- --

Bonus in Equity Capital 60.96 60.96 60.96 60.96 60.86

PROFITABILITY RATIOS

Operating Profit Margin(%) 22.59 21.07 18.96 18.50 16.90

Profit Before Interest And Tax Margin(%) 20.86 19.37 17.43 17.16 15.66

Gross Profit Margin(%) 21.22 19.69 17.72 17.47 15.97

Cash Profit Margin(%) 17.45 16.46 14.32 14.19 12.53

Adjusted Cash Margin(%) 17.45 16.46 14.32 14.19 12.53

Net Profit Margin(%) 15.79 15.16 14.07 13.31 14.00

Adjusted Net Profit Margin(%) 15.52 14.92 13.85 13.08 13.73

Return On Capital Employed(%) 114.59 104.12 95.17 95.42 148.75

Return On Net Worth(%) 79.06 74.02 69.18 65.88 115.87

Adjusted Return on Net Worth(%) 82.04 74.89 65.46 66.37 98.03

Return on Assets Excluding Revaluations 35.27 32.69 29.99 29.02 17.21

Return on Assets Including Revaluations 35.27 32.69 29.99 29.02 17.22

Return on Long Term Funds(%) 114.97 104.12 95.17 95.42 148.75

LIQUIDITY AND SOLVENCY RATIOS

Current Ratio 1.00 0.94 0.82 1.03 0.75

Quick Ratio 0.73 0.68 0.51 0.67 0.47

Debt Equity Ratio -- -- -- -- --

Long Term Debt Equity Ratio -- -- -- -- --

DEBT COVERAGE RATIOS

Interest Cover 313.46 368.35 280.77 399.47 329.37

Total Debt to Owners Fund -- -- -- -- --

Financial Charges Coverage Ratio 332.18 392.25 298.77 420.87 346.41

Financial Charges Coverage Ratio Post Tax 235.29 286.75 223.09 298.20 274.60

MANAGEMENT EFFICIENCY RATIOS

Inventory Turnover Ratio 15.78 14.93 14.60 13.25 12.57

Debtors Turnover Ratio 27.11 33.28 32.02 33.64 38.52

Investments Turnover Ratio 15.78 14.93 14.60 13.25 12.57

Fixed Assets Turnover Ratio 6.98 7.09 7.38 9.72 6.99

Total Assets Turnover Ratio 5.29 5.15 5.21 4.96 8.32

Asset Turnover Ratio 5.19 5.09 4.99 6.21 8.80

Average Raw Material Holding -- -- -- -- --

Average Finished Goods Held -- -- -- -- --

Number of Days In Working Capital -19.35 -29.49 -33.73 -13.25 -32.52

PROFIT & LOSS ACCOUNT RATIOS

Material Cost Composition 46.95 47.22 48.69 48.99 50.93

Imported Composition of Raw Materials -- -- -- -- 9.28

Consumed

Selling Distribution Cost Composition 11.90 11.88 10.88 11.59 --

Expenses as Composition of Total Sales 0.84 1.12 1.69 1.79 1.86

CASH FLOW INDICATOR RATIOS

Dividend Payout Ratio Net Profit 75.31 74.39 79.53 81.07 75.20

Dividend Payout Ratio Cash Profit 69.29 68.17 73.08 75.23 70.52

Earning Retention Ratio 27.42 26.48 15.96 19.53 11.12

Cash Earning Retention Ratio 33.02 32.57 23.13 25.29 17.59

AdjustedCash Flow Times -- -- -- -- --