Profit & Loss

Mar-18 Mar-19
Sales - 70,522 82,675
Sales Growth % 2.98% 17.23%
Expenses - 51,700 62,505
Manufacturing Cost % 11 12
Employee Cost % 55 55
Other Cost % 8 9
Operating Profit 18,822 20,170
OPM % 27% 24%
Other Income 3,311 2882
Interest 0 0
Depreciation 1,863 2,011
Profit before tax 20,270 21,041
Tax % 21% 27%
Net Profit 16,029 15,404
EPS in Rs 36.69 35.26
Dividend Payout % 59% 60%

Balance Sheet
Mar-18 Mar-19
Share Capital - 1088 2170
Equity Capital 1088 2170
Reserves 63,835 62,778
Total Equity 64,923 64,948
Borrowings 0 0
Other Liabilities - 14,426 19,118
Non controlling int 1 58
Trade Payables 694 1,655
Advance from Customers 0 0
Other liability items 13,731 17,405
Total Liabilities 79,349 84,066
Fixed Assets - 12,574 15,710
Gross Block 22,980 28,065
Accumulated Depreciation 10,406 12,355
CWIP 1606 1388
Investments 12,163 11,261
Other Assets - 53,006 55,707
Trade receivables 13,142 14,827
Cash Equivalents 19,818 19,568
Loans n Advances 11,932 13,228
Other asset items 8,114 8,084
Total Assets 79,349 84,066

Cash Flows
Mar-18 Mar-19
Cash from Operating Activity - 13,218 14,841
Profit from operations 19,963 22,126
Receivables -1,523 -2,881
Payables 328 916
Loans Advances 0 0
Other WC items 1279 1,512
Working capital changes 84 -453
Direct taxes -6,829 -6,832
Exceptional CF items 0 0
Cash from Investing Activity - 4,533 -632
Fixed assets purchased -1,998 0
Fixed assets sold 0 0
Investments purchased -69,159 -79,410
Investments sold 74,003 78,098
Interest received 0 0
Dividends received 1768 1557
Acquisition of companies 0 0
Inter corporate deposits -130 -24
Other investing items 49 1,592
Cash from Financing Activity - -20,505 -14,512
Proceeds from shares 5 6
Dividends paid -7,464 -13,705
Financial liabilities 0 0
Other financing items -13,046 -813
Net Cash Flow -2754 -303
Mar-20
90,791
9.82%
68,524
12
56
7
22,267
25%
2803
170
2,893
22,007
24%
16,594
38.96
45%

Mar-20
2122
2122
63,328
65,450 64,923 64,948 70,083
4,633 64,924 65,006 70,477
21,717 64,948 70,083
394
2,852
0
18,471 Note- other liabilities taken as current liabilities
91,800 and other assets are taken as current assets
23,789
38,886
15,097
954
8,792
58,265
18,487
18,649
14,529
6,600
91,800

Mar-20
17,003
23,920
-3,861
-373
0
1867
-2,367
-4,550
0
-331
0
0
-37,482
38,861
0
1929
0
-108
-224
-17,591
6
-9,548
-571
-7,478
-919
Common Size - Profit & Loss Mar-18 Mar-19
Sales - 100.00% 100.00%
Expenses - 73.31% 75.60%
Manufacturing Cost 0.02% 0.01%
Employee Cost 0.08% 0.07%
Other Cost 0.01% 0.01%
Operating Profit 26.69% 24.40%
Other Income 4.69% 3.49%
Interest 0.00% 0.00%
Depreciation 2.64% 2.43%
Profit before tax 28.74% 25.45%
Tax % 0.00% 0.00%
Net Profit 22.73% 18.63%

Common Size - Balance Sheet Mar-18 Mar-19

Share Capital - 1.37% 2.58%
Equity Capital 1.37% 2.58%
Reserves 80.45% 74.68%
Borrowings 0.00% 0.00%
Other Liabilities - 18.18% 22.74%
Non controlling int 0.00% 0.07%
Trade Payables 0.87% 1.97%
Advance from Customers 0.00% 0.00%
Other liability items 17.30% 20.70%
Total Liabilities 100.00% 100.00%
Fixed Assets - 15.85% 18.69%
Gross Block 28.96% 33.38%
Accumulated Depreciation 13.11% 14.70%
CWIP 2.02% 1.65%
Investments 15.33% 13.40%
Other Assets - 66.80% 66.27%
Trade receivables 16.56% 17.64%
Cash Equivalents 24.98% 23.28%
Loans n Advances 15.04% 15.74%
Other asset items 10.23% 9.62%
Total Assets 100.00% 100.00%

Trend Analysis - Profit & Loss Mar-18 Mar-19

Sales - 100.00% 117.23%
Expenses - 100.00% 120.90%
Manufacturing Cost 100.00% 109.09%
Employee Cost 100.00% 100.00%
Other Cost 100.00% 112.50%
Operating Profit 100.00% 107.16%
OPM % 100.00% 88.89%
Other Income 100.00% 87.04%
Interest #DIV/0! #DIV/0!
Depreciation 100.00% 107.94%
Profit before tax 100.00% 103.80%
Tax % 100.00% 128.57%
Net Profit 100.00% 96.10%
EPS in Rs 100.00% 96.10%
Dividend Payout % 100.00% 101.69%

Trend Analysis - Balance Sheet Mar-18 Mar-19

Share Capital - 100.00% 199.45%
Equity Capital 100.00% 199.45%
Reserves 100.00% 98.34%
Borrowings #DIV/0! #DIV/0!
Other Liabilities - 100.00% 132.52%
Non controlling int 0.00% 0.00%
Trade Payables 100.00% 238.47%
Advance from Customers #DIV/0! #DIV/0!
Other liability items 100.00% 126.76%
Total Liabilities 100.00% 105.94%
Fixed Assets - 100.00% 124.94%
Gross Block 100.00% 122.13%
Accumulated Depreciation 100.00% 118.73%
CWIP 100.00% 86.43%
Investments 100.00% 92.58%
Other Assets - 100.00% 105.10%
Inventories #NAME? #NAME?
Trade receivables 100.00% 112.82%
Cash Equivalents 100.00% 98.74%
Loans n Advances 100.00% 110.86%
Other asset items 100.00% 99.63%
Total Assets 100.00% 105.94%
Trend Analysis - Cash Flow Statement Mar-18 Mar-19
Cash from Operating Activity - 100.00% 112.28%
Profit from operations 100.00% 110.84%
Receivables 100.00% 189.17%
Inventory #NAME? #NAME?
Payables 100.00% 279.27%
Loans Advances 0.00% 0.00%
Other WC items 100.00% 118.22%
Working capital changes 100.00% -539.29%
Direct taxes 100.00% 100.04%
Exceptional CF items 0.00% 0.00%
Cash from Investing Activity - 100.00% -13.94%
Fixed assets purchased 100.00% 0.00%
Fixed assets sold #DIV/0! #DIV/0!
Capital WIP 0.00% 0.00%
Investments purchased 100.00% 114.82%
Investments sold 100.00% 105.53%
Interest received #DIV/0! #DIV/0!
Dividends received 0.00% 0.00%
Investment in group cos 0.00% 0.00%
Acquisition of companies #DIV/0! #DIV/0!
Inter corporate deposits 100.00% 18.46%
Other investing items 100.00% 3248.98%
Cash from Financing Activity - 100.00% 70.77%
Proceeds from shares 0.00% 0.00%
Proceeds from debentures 0.00% 0.00%
Redemption of debentures 0.00% 0.00%
Proceeds from borrowings #NAME? #NAME?
Repayment of borrowings #NAME? #NAME?
Interest paid fin #NAME? #NAME?
Dividends paid 100.00% 183.61%
Financial liabilities 0.00% 0.00%
Other financing items 100.00% 6.23%
Net Cash Flow 100.00% 11.00%

Du-pont Analysis Mar-18 Mar-19

Net Income 16,029.00 15,404.00
EBITDA 18,822.00 20,170.00
Earnings before Tax (EBT) 20,270.00 21,041.00
Earnings before Interest and Tax (EBIT) 16,959.00 18,159.00
Revenue 70,522.00 82,675.00
Total Assets 79,349.00 84,066.00
Total Equity 64,923.00 64,948.00
Tax Burden (1-t) 0.79 0.8
ROE 24.67% 25.92%

Ratio Analysis Mar-18 Mar-19

Profitability Analysis
EBITDA Margin(%) 26.69% 24.40%
EBIT Margin (%) 24.05% 21.96%
Net Profit Margin(%) 22.73% 18.63%
PBT Margin (%) 28.74% 25.45%
EPS 14.73 7.10

Overall Performance Analysis

Return On Capital Employed(%) 26.12% 27.96%
Return On Net Worth(%) 24.69% 23.72%
Return on Assets(%) 21.37% 21.60%
PE Ratio

Investment Utilization Analysis

Asset Turnover Ratio (times) 0.89 0.98
Invested Capital Turnover Ratio (times) 1.09 1.27
Equity Turnover Ratio (times) 1.09 1.27
Fixed Asset Turnover Ratio (times) 5.61 5.26

Working Capital Analysis

Woeking Capital Turnover Ratio (times) 1.83 2.26
Inventory Turnover Ratio (times)
Accounts Recievable Turnover Ratio (times)
Day's Inventory (days)
Day's Recievables (days) NOT APPLICABLE
Operating Cycle (days)
Accounts Payable Turnover Ratio(times)
Day's Payables

Financial Condition Analysis (times)

Current Ratio 3.67 2.91
Quick Ratio #NAME? #NAME?
Cash Ratio 1.37 1.02
Interest Coverage Ratio #DIV/0! #DIV/0!
Debt-Equity Ratio 0.00 0.00
Debt Ratio 0.00 0.00
 Mar-20
100.00%
75.47%
0.01%
0.06%
0.01%
24.53%
3.09%
0.19%
3.19%
24.24%
0.00%
18.28%

Mar-20
2.31%
2.31%
68.98%
5.05%
23.66%
0.43%
3.11%
0.00%
20.12%
100.00%
25.91%
42.36%
16.45%
1.04%
9.58%
63.47%
20.14%
20.31%
15.83%
7.19%
100.00%

Mar-20
109.82%
109.63%
100.00%
101.82%
77.78%
110.40%
104.17%
97.26%
#DIV/0!
143.86%
104.59%
88.89%
107.73%
110.49%
75.00%

Mar-20
97.79%
97.79%
100.88%
#DIV/0!
113.59%
679.31%
172.33%
#DIV/0!
106.12%
109.20%
151.43%
138.56%
122.19%
68.73%
78.07%
104.59%
#NAME?
124.68%
95.30%
109.84%
81.64%
109.20%
 Mar-20
114.57%
108.11%
134.02%
#NAME?
-40.72%
0.00%
123.48%
522.52%
66.60%
0.00%
52.37%
#DIV/0!
#DIV/0!
0.00%
47.20%
49.76%
#DIV/0!
0.00%
0.00%
0.00%
450.00%
-14.07%
121.22%
0.00%
0.00%
0.00%
#NAME?
#NAME?
#NAME?
69.67%
0.00%
919.80%
303.30%

Mar-20
16,594.00
22,267.00
22,007.00
 19,374.00
90,791.00
91,800.00
65,450.00
0.79
26.56%

Mar-20

24.53%
21.34%
18.28%
24.24%
7.82

27.64%
25.35%
21.10%

0.99
1.30
1.39
3.82

2.48

APPLICABLE

2.68
#NAME?
0.86
113.96
0.07
0.07