Bharat Petroleum Corporation Previous Years »

Consolidated Balance Sheet ------------------- in Rs. Cr. -------------------

20-Mar 19-Mar

12 mths 12 mths

EQUITIES AND LIABILITIES

SHAREHOLDER'S FUNDS
Equity Share Capital 1,966.89 1,966.88
Total Share Capital 1,966.89 1,966.88
Reserves and Surplus 34,565.45 36,797.84
Total Reserves and Surplus 34,565.45 36,797.84
Total Shareholders Funds 36,532.34 38,764.72
Minority Interest 2,056.33 2,070.04
NON-CURRENT LIABILITIES
Long Term Borrowings 43,853.07 34,315.58
Deferred Tax Liabilities [Net] 6,163.92 6,792.01
Other Long Term Liabilities 440.41 340.68
Long Term Provisions 1,595.99 1,537.63
Total Non-Current Liabilities 52,053.39 42,985.90
CURRENT LIABILITIES
Short Term Borrowings 17,795.15 8,598.95
Trade Payables 13,107.21 17,384.73
Other Current Liabilities 27,279.75 25,097.46
Short Term Provisions 2,039.39 2,028.58
Total Current Liabilities 60,221.50 53,109.72
Total Capital And Liabilities 150,863.56 136,930.38
ASSETS
NON-CURRENT ASSETS
Tangible Assets 59,793.97 48,971.28
Intangible Assets 380.6 343.56
Capital Work-In-Progress 9,948.51 7,292.90
Intangible Assets Under Development 7,808.23 6,361.59
Fixed Assets 77,931.31 62,969.33
Non-Current Investments 21,819.97 19,107.82
Deferred Tax Assets [Net] 3.58 4.27
Long Term Loans And Advances 4,987.27 3,829.26
Other Non-Current Assets 2,869.68 2,238.11
Total Non-Current Assets 107,611.81 88,148.79
CURRENT ASSETS
Current Investments 5,208.54 5,799.09
Inventories 22,242.60 22,934.87
Trade Receivables 5,378.02 6,906.25
Cash And Cash Equivalents 1,164.84 662.52
Short Term Loans And Advances 704.86 1,684.67
OtherCurrentAssets 8,552.89 10,794.19
Total Current Assets 43,251.75 48,781.59
Total Assets 150,863.56 136,930.38
OTHER ADDITIONAL INFORMATION
CONTINGENT LIABILITIES, COMMITMENTS
Contingent Liabilities 15,222.59 22,413.20
BONUS DETAILS
Bonus Equity Share Capital 1,882.32 1,882.32
NON-CURRENT INVESTMENTS
Non-Current Investments Quoted Market Value 221.23 908.47
Non-Current Investments Unquoted Book Value 66.63 114.31
CURRENT INVESTMENTS
Current Investments Quoted Market Value 5,208.54 5,800.05
Current Investments Unquoted Book Value 0 0
-------------------
18-Mar 17-Mar 16-Mar

12 mths 12 mths 12 mths

1,966.88 1,311.25 655.62

1,966.88 1,311.25 655.62
34,651.69 29,508.50 28,402.27
34,651.69 29,508.50 28,402.27
36,618.57 30,819.75 29,057.89
1,905.09 1,958.19 413.7

28,904.28 23,255.33 21,097.22

5,522.40 4,054.80 3,071.97
202.2 202.22 133.49
1,393.36 1,495.91 1,653.16
36,022.24 29,008.26 25,955.84

8,093.03 8,217.71 24.4

15,198.21 11,382.47 8,352.38
20,709.40 25,710.65 21,665.83
1,809.52 1,989.23 951.69
45,810.16 47,300.06 30,994.30
120,356.06 109,086.26 86,421.73

45,260.94 33,438.97 25,189.63

278.36 244.89 168.87
4,486.47 11,762.72 12,745.15
5,388.27 5,071.15 4,713.78
55,414.04 50,517.73 42,817.43
18,275.29 15,654.34 4,074.75
0 0 0
4,074.42 3,320.97 6,237.87
1,990.80 1,683.14 1,844.55
79,754.55 71,176.18 54,975.08

5,449.28 5,672.79 5,325.82

22,530.94 21,196.78 14,643.70
5,209.28 4,803.75 2,216.89
1,353.86 1,884.54 4,202.37
 270.42 78.17 63.2
5,787.73 4,274.05 4,994.67
40,601.51 37,910.08 31,446.65
120,356.06 109,086.26 86,421.73

19,878.68 16,874.94 16,581.67

1,882.32 1,294.16 638.54

575.94 575.94 419.26

105.27 97.81 88.36

5,446.98 5,672.79 5,304.74

2.3 0 21.08
PROFIT & LOSS ACCOUNT OF BHARAT PETROLEUM CORPORATION (in Rs. Cr.)

INCOME
REVENUE FROM OPERATIONS [GROSS]
Less: Excise/Sevice Tax/Other Levies
REVENUE FROM OPERATIONS [NET]
TOTAL OPERATING REVENUES
Other Income
TOTAL REVENUE
EXPENSES
Cost Of Materials Consumed
Operating And Direct Expenses
Employee Benefit Expenses
Finance Costs
Depreciation And Amortisation Expenses
Other Expenses
TOTAL EXPENSES
PROFIT/LOSS BEFORE EXCEPTIONAL, EXTRAORDINARY ITEMS AND TAX
Exceptional Items
PROFIT/LOSS BEFORE TAX
TAX EXPENSES-CONTINUED OPERATIONS
Current Tax
Less: MAT Credit Entitlement
Deferred Tax
Other Direct Taxes
TOTAL TAX EXPENSES
PROFIT/LOSS AFTER TAX AND BEFORE EXTRAORDINARY ITEMS
PROFIT/LOSS FROM CONTINUING OPERATIONS
PROFIT/LOSS FOR THE PERIOD
Minority Interest
CONSOLIDATED PROFIT/LOSS AFTER MI AND ASSOCIATES
OTHER ADDITIONAL INFORMATION
EARNINGS PER SHARE
Basic EPS (Rs.)
Diluted EPS (Rs.)
DIVIDEND AND DIVIDEND PERCENTAGE
Equity Share Dividend
Tax On Dividend
 20-Mar 19-Mar 18-Mar 17-Mar 16-Mar
12 mths 12 mths 12 mths 12 mths 12 mths

328,608.97 339,639.00 278,567.11 243,557.35 219,011.66

45,225.26 42,653.56 43,542.88 42,496.80 31,412.19
283,383.71 296,985.44 235,024.23 201,060.55 187,599.47
284,571.90 298,225.59 235,895.11 201,250.66 187,814.60
1,929.33 2,037.54 1,674.40 1,814.57 1,595.84
286,501.23 300,263.13 237,569.51 203,065.23 189,410.44

121,896.01 130,693.29 90,110.77 75,112.16 67,529.50

0 0 0 0 0
4,020.51 3,984.81 3,748.53 3,669.52 2,962.06
2,637.01 1,763.95 1,185.74 696.36 680.49
4,080.09 3,417.77 2,885.00 2,107.64 2,071.87
19,610.24 17,986.10 14,753.90 12,424.54 12,840.85
282,939.98 288,295.08 224,684.87 190,309.01 177,629.86
3,561.25 11,968.05 12,884.64 12,756.22 11,780.58
-1,310.35 0 0 0 0
2,250.90 11,968.05 12,884.64 12,756.22 11,780.58

629.96 3,109.18 3,234.82 3,168.28 3,418.45

0 0 0 0 0
-14.49 1,367.53 1,452.24 1,135.60 613.63
0 0 0 0 0
-14.21 4,377.52 4,381.61 4,192.64 4,042.72
2,265.11 7,590.53 8,503.03 8,563.58 7,737.86
2,265.11 7,590.53 8,503.03 8,563.58 7,737.86
2,265.11 7,590.53 8,503.03 8,563.58 7,737.86
-610.42 -725.55 -783.28 -786.03 -504.36
3,055.36 7,802.30 9,008.63 8,720.94 7,584.51

16 40 46 44 58
16 40 46 44 58

4,818.86 3,540.39 2,884.76 5,640.06 2,995.44

1,091.23 801.76 647.61 1,069.55 646.25
KEY FINANCIAL RATIOS OF BHARAT PETROLEUM CORPORATION (in Rs. Cr.)
PER SHARE RATIOS
Basic EPS (Rs.)

Diluted EPS (Rs.)

Cash EPS (Rs.)
Book Value [ExclRevalReserve]/Share (Rs.)
Book Value [InclRevalReserve]/Share (Rs.)
Revenue from Operations/Share (Rs.)
PBDIT/Share (Rs.)
PBIT/Share (Rs.)
PBT/Share (Rs.)
Net Profit/Share (Rs.)
NP After MI And SOA / Share (Rs.)
PROFITABILITY RATIOS
PBDIT Margin (%)
PBIT Margin (%)
PBT Margin (%)
Net Profit Margin (%)
NP After MI And SOA Margin (%)
Return on Networth/Equity (%)
Return on Capital Employed (%)
Return on Assets (%)
Total Debt/Equity (X)
Asset Turnover Ratio (%)
LIQUIDITY RATIOS
Current Ratio (X)
Quick Ratio (X)
Inventory Turnover Ratio (X)
Dividend Payout Ratio (NP) (%)
Dividend Payout Ratio (CP) (%)
Earnings Retention Ratio (%)
Cash Earnings Retention Ratio (%)
COVERAGE RATIOS
Interest Coverage Ratios (%)
Interest Coverage Ratios (Post Tax) (%)
VALUATION RATIOS
Enterprise Value (Cr.)
EV/Net Operating Revenue (X)
EV/EBITDA (X)
MarketCap/Net Operating Revenue (X)
Retention Ratios (%)
Price/BV (X)
Price/Net Operating Revenue
Earnings Yield
 20-Mar 19-Mar 18-Mar 17-Mar 16-Mar

15.53 39.67 45.8 44.34 57.84

15.53 39.67 45.8 44.34 57.84

32.26 55.97 57.9 81.38 149.63
196.19 207.61 195.86 249.97 449.52
196.19 207.61 195.86 249.97 449.52
1,446.81 1,516.24 1,199.34 1,534.80 2,864.69
52.26 87.19 86.2 118.67 221.67
31.51 69.82 71.54 102.59 190.07
11.44 60.85 65.51 97.28 179.69
11.52 38.59 43.23 65.31 118.02
15.53 39.67 45.8 66.51 115.68

3.61 5.75 7.18 7.73 7.73

2.17 4.6 5.96 6.68 6.63
0.79 4.01 5.46 6.33 6.27
0.79 2.54 3.6 4.25 4.11
1.07 2.61 3.81 4.33 4.03
8.36 20.12 24.6 28.29 26.1
6.83 16.38 18.87 21.77 13.68
2.02 5.69 7.48 7.99 8.77
1.69 1.11 1.01 1.02 0.73
188.62 217.79 195.99 184.48 217.32

0.72 0.92 0.89 0.8 1.01

0.35 0.49 0.39 0.35 0.54
12.79 13 10.47 9.49 12.83
157.71 45.37 32.02 64.67 39.49
67.53 31.55 24.25 52.08 31.02
-57.71 54.63 67.98 35.33 60.51
32.47 68.45 75.75 47.92 68.98

2.35 7.78 11.87 19.32 18.31

2.35 7.78 11.87 19.32 18.31

124,703.27 122,279.34 121,721.17 116,640.26 76,443.65

0.44 0.41 0.52 0.58 0.41
12.13 7.13 7.18 7.5 5.26
0.22 0.26 0.36 0.42 0.31
-57.71 54.62 67.97 35.32 60.5
1.7 2.01 2.3 2.76 2.03
0.22 0.26 0.36 0.42 0.31
0.05 0.1 0.11 0.1 0.13
Ratios Formula

Liquidity Ratios

Cash Ratio

Current Ratio Current Assets / Current liabilities

Quick ratio (Acid test) Monetary current assets / Current liabilities

Turnover ratios (Efficiency)

Receivable turnover Sales / Account Receivables

Inventory turnover Sales / Inventory

Asset turnover ratios Sales / Total Assets

Fixed Asset turnover ratio Sales / Fixed Assets

Solvency Ratios

Time interest earned ratio Pretax Operating profit + Interest / Interest

Cash coverage ratio

Stability Ratio
Debt to equity = Debt/Equity

OR Long term liabilities / Shareholder's Equity

Market Test

Price/Earnings Ratio Market price per share / Net income per share (EPS)
The price/earnings ratio (P/E) is the best indicator of how investers judge the firms future performance

Dividend Yield Ratio

Profitability Ratios

Return on equity (ROE)

Return on Assets Net Income + Interest (1 - Tax rate) / Total Assets

Return on assets (ROA) reflects how much the firm has earned on the investment of all the financial resources com
Adding back interest expenses since they constitute the return of the company creditors
Net income for shareholders and interest for creditors. It shows the return of all stakeholders

Return on shareholder's equity Net Income / Shareholder's equity

Return on invested Capital Net Income + Interest (1 - Tax rate) / (Long term liabilities + stock

Return on investment (ROI) Net Income / Revenue * Revenue / Investment

(Profit Margin or Return on Sales) x (Investment Turnover)

ROI can be improved in two different ways

a) Increase the profit margin
Earning more profit per rupee of sales
b) Increasing the investment turnover
By generating more sales volume with the same amount of inve
By reducing the amount of investment required for a given leve

Financial Leverage Percentage Assets / Stockholder's equity

Earnings per Share Net Income / Number of shares of common stock outstanding

Quality of Income

Operating profit margin Operating profit / Sales

Net Profit Margin Net Income or profit / Net sales revenues

Asset turnover ratio Sales / Total Assets

Fixed asset turnover Sales Revenue / Total assets (Average)

This ratio to be used for comparisions within an industry
More meaningful if the ratio is used for individual companies over time

Gross Margin Percentage Gross margin (Profit) / Net Sales Revenues

It shows how much profit remains after paying for the direct costs of the product
A decrease in gross profit margins
An increase in input prices
A decrease in selling prices
or combination of both
Invested capital turnover Sales Revenue / Invested Capital

Equity turnover Sales Revenue / Shareholder's equity

Capital intensity Sales Revenue / Property, Plant and Equipment

The capital intensity ratio focuses only on the usage of property, plant and equipment. Companies
with a high ratio are particularly vulnerable to cyclical fluctuations

Working capital turnover Sales Revenue / Working capital

Working capital is current assets minus current liabilities

Day's payables Operating Payables / Pretax cash expenses / 365

Operating payables include accounts payable, accrued wages and payroll taxes, and other items that
represent deferred payments for operating expenses.

Dividend Yield Dividends per share / Market price per share

Dividend payout Dividends/Net Income

Other Key Ratios

Day's cash Cash / Cash expenses/365

Day's receivables Accounts Receivable / Sales/365

Day's Inventory Inventory / Cost of sales/365

Inventory turnover Cost of Sales / Turnover

…………………………………………………………………………………………………………..
Profitability Ratios

Operating profit margin Operating profit / Sales

Net Profit Margin Net Profit / Sales

Return Ratios

Return on Capital Employed (ROCE) EBIT / (Shareholder's fund + Loans)

Return on Capital Employed (ROCE) EBIT (1-t) / Total Assets

Return on Net Worth (RONW) Net Profit / (Share Capital + Reserves)

Coverage Ratio

Interest Coverage Ratio EBIT / Interest

ent liabilities OR Cash + Receivables / Current Liabilities

st / Interest

come per share (EPS)

ms future performance

ate) / Total Assets

t of all the financial resources comitted to the firm

l stakeholders

ate) / (Long term liabilities + stockholder's equity)

ue / Investment

es) x (Investment Turnover)

erent ways

ume with the same amount of investment

vestment required for a given level of sales volume

of common stock outstanding

s Revenues
 and Equipment

ment. Companies

h expenses / 365
nd other items that

rice per share