Table EII

Year 2008 2009 2010 2011

Income
Sales turnover 4,656.79 98.03 3,438.62 101.27 3,690.85 99.01 5,111.92

Net sales 4,656.79 98.03 3,438.62 101.27 3,690.85 99.01 5,111.92

Other income 0 0.00 0 0.00 0 0.00 0

Stock adjustments 93.66 1.97 -42.96 -1.27 37.08 0.99 57.89

Total income 4,750.45 100.00 3,395.66 100.00 3,727.93 100.00 5,169.81

Expenditure 0.00 0.00 0.00

Raw materials 2,824.40 59.46 1,861.99 54.83 2,138.36 57.36 3,088.91

Other costs and expenses 959.01 20.19 809.96 23.85 673.5 18.07 766.18

Miscellaneous expenses 7.1 0.15 23.26 0.68 8.34 0.22 188.4

Total expenditure 3,790.51 79.79 2,695.21 79.37 2,820.20 75.65 4,043.49

Operating profit 959.94 20.21 700.45 20.63 907.73 24.35 1,126.32

Interest 115.66 2.43 152.3 4.49 205.1 5.50 290.2

Gross profit 844.28 17.77 548.15 16.14 702.63 18.85 836.12

Depreciation 210.46 4.43 272.85 8.04 310.23 8.32 361.03

Profit before tax 633.82 13.34 275.3 8.11 392.4 10.53 475.09

Tax 169.06 3.56 84.94 2.50 121.62 3.26 152.49

Deferred tax 0 0.00 0 0.00 0 0.00 0

Net profit 464.76 9.78 190.36 5.61 270.78 7.26 322.6

Minority interest (after tax) 37.34 0.79 17.6 0.52 30.29 0.81 63.12

Profit/loss of associate company 0 0.00 0 0.00 0 0.00 0

Net profit after minority interest and P/L asso. co. 427.42 9.00 172.76 5.09 240.49 6.45 259.48

Extraordinary items -0.1 0.00 -11.58 -0.34 0 0.00 -126.82

Adjusted net profit 427.52 9.00 184.34 5.43 240.49 6.45 386.3

Adjst. below net profit 0 0.00 0 0.00 0 0.00 0

EPS 18.72 0.39 8.47 0.25 12.05 0.32 14.64

Table EII
2012 2013 2014 2015 2016 2017

98.88 7,438.84 96.45 8,216.18 93.71 15,454.58 96.52 14,959.34 89.08 3,029.06 97.04 1,966.76 89.59284263

98.88 7,438.84 96.45 8,216.18 93.71 15,454.58 96.52 14,959.34 89.08 3,029.06 97.04 1,966.76 89.59284263

0.00 183.38 2.38 241.9 2.76 252.06 1.57 254.13 1.51 15.18 0.49 32.59 1.484589244

1.12 90.68 1.18 309.65 3.53 305.68 1.91 1,578.74 9.40 77.06 2.47 195.87 8.922568125

100.00 7,712.90 100.00 8,767.73 100.00 16,012.32 100.00 16,792.21 100.00 3,121.30 100.00 2,195.22 100

0.00 0.00 0.00 0.00 0.00 0.00 0

59.75 4,580.19 59.38 5,014.20 57.19 8,229.42 51.39 9,401.89 55.99 2,096.70 67.17 1,436.50 65.43763267

14.82 1080.58 14.01 1714.2 19.55 4268.63 26.66 4836.85 28.80 420.58 13.47 349.31 15.91230036

3.64 30.26 0.39 92.18 1.05 37.55 0.23 408.56 2.43 1,003.78 32.16 1,220.66 55.60536074

78.21 5,691.03 73.79 6,820.59 77.79 12,535.60 78.29 14,647.30 87.23 3,521.04 112.81 3,006.48 136.9557493

21.79 2,021.87 26.21 1,947.14 22.21 3,476.73 21.71 2,144.89 12.77 -399.76 -12.81 -811.25 -36.95529377

5.61 520.19 6.74 620.62 7.08 1,139.23 7.11 1,508.49 8.98 1,294.64 41.48 1,313.30 59.82543891

16.17 1,501.68 19.47 1,326.53 15.13 2,337.50 14.60 636.4 3.79 -1,694.40 -54.29 -2,124.55 -96.78073268

6.98 527.49 6.84 604.3 6.89 983.06 6.14 1,198.90 7.14 595.38 19.07 572.1 26.06116927

9.19 974.19 12.63 722.23 8.24 1,354.44 8.46 -562.5 -3.35 -2,289.78 -73.36 -2,696.65 -122.841902

2.95 276.82 3.59 106.06 1.21 89.53 0.56 65.17 0.39 -21.66 -0.69 -0.1.004555352083

0.00 0 0.00 174.02 1.98 323.81 2.02 0.83 0.00 -901.18 -28.87 -994.29 -45.29341023

6.24 697.37 9.04 442.15 5.04 941.1 5.88 -628.5 -3.74 -1,366.94 -43.79 -1,702.26 -77.54393637

1.22 115.47 1.50 120.58 1.38 145.44 0.91 147.44 0.88 -43.46 -1.39 -169.38 -7.715855358

0.00 0 0.00 13.6 0.16 52.55 0.33 -211.15 -1.26 -1,110.70 -35.58 -1,331.60 -60.65906834
5.02 581.9 7.54 335.16 3.82 848.21 5.30 -987.09 -5.88 -2,434.18 -77.99 -2,864.49 -130.4876049

-2.45 -17.26 -0.22 -36.51 -0.42 6.14 0.04 -249.53 -1.49 -958.06 -30.69 -698.65 -31.82596733

7.47 599.16 7.77 371.67 4.24 842.07 5.26 -737.56 -4.39 -1,476.12 -47.29 -2,165.84 -98.66163756

0.00 0 0.00 0 0.00 -0.43 0.00 1.98 0.01 5.56 0.18 1.89 .08609615437

0.28 31.90 0.41 20.05 0.23 40.36 0.25 -31.16 -0.19 -96.95 -3.11 -120.73 -5.49967657
 Original value
percentage according to common
size
 ROE Calculation
PARTICULARS 2008 2009 2010 2011 2012 2013 2014 2015
Assets 6,139.91 7,369.31 8,665.81 13,208.03 16,244.73 23,723.83 27,044.41 20,758.75
Shareholder's equity 3,021.27 3,248.65 4,615.24 5,801.18 6,175.75 7,049.94 7,813.12 6,239.25
Net Income/ Net Profit 464.76 190.36 270.78 322.6 697.37 442.15 941.1 -628.2
Sales 4,656.79 3,438.62 3,690.85 5,111.92 7,438.84 8,216.18 15,454.58 14,959.34

Equity Multiplier 2.032228169 2.268422268 1.877651 2.276783344 2.630406024 3.365110909 3.461409783 3.327122651
Asset Turnover 0.7584459707 0.4666135635 0.4259094072 0.3870312227 0.4579232773 0.3463260359 0.5714519193 0.7206281688
Net profit Margin 0.09980265376 0.05535941744 0.07336521398 0.06310740387 0.09374714337 0.05381454642 0.06089456977-0.04199383128
R.O.E 0.15382934990.058596647840.058670838350.05560937602 0.11292069790.06271684582 0.120451241 -0.1006851785

Formula Used
Equity multiplier (assets/share holder's equity)
Asset Turnover (Sales/Total assets )
Net Profit margin (Net income/Sales)
ROE (EM*NPM*AT)
 2016 2017
20,686.01 14,405.29
5,145.10 2,467.38
-1,366.86 -1,702.17
3,029.06 1,966.76

4.020526326 5.838294061
0.1464303653 0.1365303996
-0.4512489023 -0.8654690964
-0.265662475 -0.6898694161