2018 2017 2016 2015 2014

(in Rupees 000)

Assets

Current Assets

Stores spares and loose tools 859,145 746,408 812,915 793,379 462,140

Stock in trade 10,786,157 8,149,848 7,845,800 6,181,986 6,140,170

Trade debts 10,181,739 10,727,632 8,433,424 7,700,373 6,025,103

Due against construction work in progress

- unsecured, considered good 1,535,735 1,393,185 1,127,996 1,023,647

Short term advances 1,039,505 845,826 954,881 913,881 1,256,100

Short term deposits and prepayments 1,105,179 1,109,232 1,258,874 1,331,229 853,209

Other receivables 360,962 311,090 480,244 390,118 187,730

Short term investments 22,071 21,824 23,106 85,524 21,596

Advance income tax 1,985,785 1,227,912 769,907 432,838 387,963

Cash and bank balances 471,258 484,194 552,210 577,687 287,935

Non-Current Assets

Property, plant and equipment 21,957,015 17,405,713 16,442,378 15,509,612 14,466,890

Intangible assets 313,352 315,525 323,656 338,321 344,008

Long term investments 6,985 8,848 26,341 8,906 63,990

Long term deposits 365,957 371,936 266,353 289,784 192,808

Long term advances 1,109,094 796,843 1,008,799 571,991

Total Non-Current Assets 23,752,403 18,898,865 18,067,527 16,718,614 15,067,696

Liabilities 2018 2017 2016 2015 2014

Current
Liabilities
Trade and 922,850 922,850 915,100 815,179 817,486
other
payables
Unclaimed 18,650 12,766
dividend
Accrued 390,172 165,579 159,422 260,904 500,528
interest
Short term 12,843,848 7,227,368 4,981,662 4,668,901 4,240,947
borrowings
Current 1,814,311 2,027,692 1,788,450 1,976,655 1,523,155
portion of
 non-current
liabilities
Total 15,989,831 10,413,435 7,844,634 7,721,639 7,082,116
Current
Liabilities
Non Current
Liabilities
Redeemabl 68,750 3,151,594 3,879,209 4,826,469
e capital
Long term 2,646,032 3,958,767 1,406,092 2,186,511 2,442,807
finances -
Liabilities 59,778 22,406 46,384 61,349 74,715
against
assets
subject to
finance
lease
Deferred 3,087,822 2,413,351 2,326,193 2,261,892 2,048,938
taxation
Deferred 36,781 38,717 40,755 42,900 45,158
income
Total Non 5,830,413 6,501,991 6,971,018 8,431,861 9,438,087
Current
Liabilities
Total 21,820,244 16,915,426 14,815,652 16,153,500 16,520,203
Liabilities

2018 2017 2016 2015 2014

Authorized capital 6,000,000 6,000,000 6,000,000 6,000,000 6,000,000

Issued,subscribed 5,426,392 5,426,392 5,426,392 4,431,029 4,431,029

and paid-up capital

Capital reserve 4,279,947 4,279,947 4,279,947 1,293,858 1,293,858

Accumulated profit 13,994,307 13,020,232 11,134,131 7,891,437 3,876,195

TOTAL EQUITY 30,279,695 27,000,590 20,840,470 13,616,324 9,601,082

SURPLUS ON 6,579,049 4,274,019 4,670,762 4,804,200 4,568,357
REVALUATION OF
PROPERTY, PLANT
AND EQUIPMENT

Horizontal Analysis

2018 2017 2016 2015

Stores, spares and 2.46
loose tools
Stock in trade 26.91
Trade debts 9.51
Due against 10.19
construction work
in progress -
unsecured,
considered good
Short term 4.48
advances
Short term deposits -5.43
and prepayments
Other receivables 23.1
Short term -72.9
investments
Advance income 77.8
tax/Income tax
refundable
Cash and bank -4.41
balances
Non-Current Asset
Property, plant and 6.01
equipment
Intangible assets -4.33
Long term 195.76
investments
Long term deposits -8.08
Long term advances 76.36
Total non-current 8.06

Liabilities 2018 2017 2016 2015

Current
Trade and other
payables
Accrued interest/markup -38.8
Short term borrowings 6.69
Current portion of non- -9.52
current liabilities
TOTAL CURRENT 1.59
LIABILITIES
NON CURRENT
Redeemable capital – -18.75
secured
Long term finances – -35.69
secured
Liabilities against assets -24.39
subject to finance lease
Deferred taxation 2.84
Deferred income -5
TOTAL NONCURRENT -17.32
LIABILITIES
Total Liabilities -8.28

Owners Equity
Authorized capital -
Issued, subscribed and paid-up 22.46
capital
Capital reserve 230.7
Accumulated profit 41.09
ADVANCES AGAINST ISSUE OF -
ORDINARY SHARES
TOTAL EQUITY 53.055
SURPLUS ON REVALUATION OF -2.77
PROPERTY, PLANT AND
EQUIPMENT
Income statement
2018 2017 2016 2015 2014
Revenue 38,990,247 42,346,753 34,123,972 29,323,348 24,125,716
- -
Sales tax, excise duty and discounts 10,544,936 11,346,711 -7,289,655 -4,201,081 -3,607,686

Net revenue 28,445,311 31,000,042 26,834,317 25,122,267 20,518,030

- - - - -
Cost of sales 21,448,040 21,883,842 18,550,387 17,688,038 14,208,775
Gross profit 6,997,271 9,116,200 8,283,930 7,434,229 6,309,255
Other income 17,977 17,793 37,311 35,868 32,483

Distribution cost -2,207,445 -2,683,532 -1,627,796 -1,331,075 -1,089,521

Administrative and general expenses -1,081,326 -1,118,844 -884,095 -758,487 -689,570

Other expenses -63,376 -176,194 -193,714 -187,582 -113,604
-3,352,147 -3,978,570 -2,705,605 -2,277,144 -1,892,695
Operating profit 3,663,101 5,155,423 5,615,636 5,192,953 4,449,043

Finance cost -2,103,343 -1,546,604 -1,496,503 -1,665,305 -1,892,828

1,559,758 3,608,819 4,119,133 3,527,648 2,556,215
Share of loss of associate -2,456 -5,354 309 -13,485 -10,924
Profit before taxation 1,557,302 3,603,465 4,119,442 3,514,163 2,545,291
Taxation -185,833 -295,211 -449,502 -634,142 -303,822
Profit after taxation 1,371,469 3,308,254 3,669,940 2,880,021 2,241,469