Maruti Suzuki India Ltd.

: Balance Sheet (Standalone)

 
Standalone Consolidated
(Rs. in Crore)
March ' 10 March ' 09 March ' 08 March ' 07 March ' 06
 
12 Months  12 Months  12 Months  12 Months  12 Months 
SOURCES OF FUNDS           
Owner's Fund           
Equity Share Capital   144.50  144.50  144.50  144.50  144.50
Share Application Money   0.00  0.00  0.00  0.00  0.00
Preference Share Capital   0.00  0.00  0.00  0.00  0.00
Reserves & Surplus   11,690.60  9,200.40  8,270.90  6,709.40  5,308.10
Loan Funds           
Secured Loans   26.50  0.10  0.10  63.50  71.70
Unsecured Loans   794.90  698.80  900.10  567.30  0.00
Total   12,656.50  10,043.80  9,315.60  7,484.70  5,524.30
           
USES OF FUNDS           
Fixed Assets           
Gross Block   10,406.70  8,720.60  7,285.30  6,146.80  4,954.60
Less : Revaluation Reserve   0.00  0.00  0.00  0.00  0.00
Less : Accumulated Depreciation   5,382.00  4,649.80  3,988.80  3,487.10  3,259.40
Net Block   5,024.70  4,070.80  3,296.50  2,659.70  1,695.20
Capital Work-in-progress   387.60  861.30  736.30  238.90  92.00
           
Investments   7,176.60  3,173.30  5,180.70  3,409.20  2,051.20
           
Net Current Assets           
Current Assets, Loans & Advances   3,856.00  5,570.00  3,190.50  3,956.00  3,870.70
Less : Current Liabilities & Provisions   3,788.40  3,631.60  3,088.40  2,779.10  2,184.80
Total Net Current Assets   67.60  1,938.40  102.10  1,176.90  1,685.90
Miscellaneous expenses not written   0.00  0.00  0.00  0.00  0.00
Total   12,656.50  10,043.80  9,315.60  7,484.70  5,524.30
Note :           
Book Value of Unquoted Investments   11.10  3,162.20  5,169.60  3,398.10  2,040.10
Market Value of Quoted Investments   215.10  108.70  219.50  270.40  289.80
Contingent liabilities   3,657.20  1,901.70  2,734.20  2,094.60  1,289.70
Number of Equity shares outstanding (in Lacs)   2,889.10  2,889.10  2,889.10  2,889.10  2,889.10

Maruti Suzuki India Ltd. : Income Statement (Standalone)

 
Standalone Consolidated
(Rs. in Crore)
March ' 10 March ' 09 March ' 08 March ' 07 March ' 06
 
12 Months  12 Months  12 Months  12 Months  12 Months 
Income :           
Operating Income   29,317.70  20,729.40  18,066.80  14,806.40  12,197.90
           
Expenses           
Material Consumed   22,435.40  16,339.80  13,622.00  11,063.70  9,223.70
Manufacturing Expenses   1,278.20  909.70  670.60  489.80  359.60
Personnel Expenses   545.60  471.10  356.20  288.40  228.70
Selling Expenses   916.00  738.20  560.20  499.90  356.00
Adminstrative Expenses   404.60  389.20  326.30  274.50  170.60
Expenses Capitalised   0.00  -22.30  -19.80  -14.30  -6.70
           
Cost Of Sales   25,579.80  18,825.70  15,515.50  12,602.00  10,331.90
           
Operating Profit   3,737.90  1,903.70  2,551.30  2,204.40  1,866.00
           
Other Recurring Income   617.70  547.60  456.10  361.10  268.10
           
Adjusted PBDIT   4,355.60  2,451.30  3,007.40  2,565.50  2,134.10
           
Financial Expenses   33.50  51.00  59.60  37.60  20.40
Depreciation   825.00  706.50  568.20  271.40  285.40
Other Write offs   0.00  0.00  0.00  0.00  0.00
           
Adjusted PBT   3,497.10  1,693.80  2,379.60  2,256.50  1,828.30
           
Tax Charges   1,094.90  457.10  763.30  705.30  560.90
           
Adjusted PAT   2,402.20  1,236.70  1,616.30  1,551.20  1,267.40
Non Recurring Items   44.30  -55.90  37.90  -23.00  -83.70
Other Non Cash adjustments   51.10  37.90  76.60  33.40  5.40
           
Reported Net Profit   2,497.60  1,218.70  1,730.80  1,562.00  1,189.10
           
Earnigs Before Appropriation   10,501.80  8,244.40  7,368.10  5,947.10  4,631.20
           
Equity Dividend   173.30  101.10  144.50  130.00  101.10
Preference Dividend   0.00  0.00  0.00  0.00  0.00
Dividend Tax   28.80  17.20  24.80  21.90  14.20
Retained Earnings   10,299.70  8,126.10  7,198.80  5,795.20  4,515.90

Maruti Suzuki India Ltd. : Ratio Analysis (Standalone)

 
Standalone Consolidated
March ' 10 March ' 09 March ' 08 March ' 07 March ' 06
 
12 Months  12 Months  12 Months  12 Months  12 Months 
PER SHARE RATIOS           
           
Adjusted E P S (Rs.)   83.15  42.81  55.94  53.69  43.87
Adjusted Cash EPS (Rs.)   111.70  67.26  75.61  63.09  53.75
Reported EPS (Rs.)   86.45  42.18  59.91  54.07  41.16
Reported Cash EPS (Rs.)   115.00  66.64  79.57  63.46  51.04
Dividend Per Share   6.00  3.50  5.00  4.50  3.50
Operating Profit Per Share (Rs.)   129.38  65.89  88.31  76.30  64.59
Book Value (Excl Rev Res) Per Share (Rs.)   409.52  323.35  291.19  237.16  188.67
Book Value (Incl Rev Res) Per Share (Rs.)   409.52  323.35  291.19  237.16  188.67
Net Operating Income Per Share (Rs.)   1,014.77  717.50  625.34  512.49  422.20
Free Reserves Per Share (Rs.)   403.82  318.45  286.28  231.89  183.18
           
PROFITABILITY RATIOS           
           
Operating Margin (%)   12.74  9.18  14.12  14.88  15.29
Gross Profit Margin (%)   9.93  5.77  10.97  13.05  12.95
Net Profit Margin (%)   8.34  5.72  9.34  10.29  9.53
Adjusted Cash Margin (%)   10.78  9.13  11.79  12.01  12.45
Adjusted Return On Net Worth (%)   20.29  13.23  19.20  22.63  23.24
Reported Return On Net Worth (%)   21.10  13.04  20.56  22.78  21.80
Return On long Term Funds (%)   28.80  17.48  27.35  30.74  33.47
           
LEVERAGE RATIOS           
           
Long Term Debt / Equity   0.03  0.06  0.05  0.08  0.01
Total Debt/Equity   0.06  0.07  0.10  0.09  0.01
Owners fund as % of total Source   93.51  93.04  90.33  91.57  98.70
Fixed Assets Turnover Ratio   2.82  2.38  2.48  2.41  2.46
           
LIQUIDITY RATIOS           
           
Current Ratio   1.02  1.53  1.03  1.42  1.77
Current Ratio (Inc. ST Loans)   0.91  1.51  0.91  1.40  1.77
Quick Ratio   0.67  1.26  0.66  1.13  1.31
Inventory Turnover Ratio   30.47  30.46  22.93  28.76  18.78
           
PAYOUT RATIOS           
           
Dividend payout Ratio (Net Profit)   8.09  9.70  9.78  9.72  9.69
Dividend payout Ratio (Cash Profit)   6.08  6.14  7.36  8.28  7.81
Earning Retention Ratio   91.59  90.44  89.53  90.21  90.91
Cash Earnings Retention Ratio   93.74  93.92  92.25  91.67  92.58
           
COVERAGE RATIOS           
           
Adjusted Cash Flow Time Total Debt   0.25  0.35  0.41  0.34  0.04
Financial Charges Coverage Ratio   130.02  48.06  50.46  68.23  104.61
Fin. Charges Cov.Ratio (Post Tax)   100.18  38.75  39.57  49.76  73.28
           
COMPONENT RATIOS           
           
Material Cost Component(% earnings)   77.21  77.10  77.25  73.36  77.25
Selling Cost Component   3.12  3.56  3.10  3.37  2.91
Exports as percent of Total Sales   15.49  7.24  4.10  3.90  4.78
Import Comp. in Raw Mat. Consumed   12.89  11.70  10.84  12.62  18.75
Long term assets / Total Assets   0.76  0.59  0.74  0.61  0.49
Bonus Component In Equity Capital (%)   0.00  0.00  0.00  0.00  0.00

Dividend Details

Year/Month Dividend (%)

 2010/03  120
 2009/03  70
 2008/03  100
 2007/03  90
 2006/03  70
 2005/03  40
 2004/03  30
 2003/03  30
 2002/03  30
 2001/03  0
 2000/03  25
 1999/03  30
 1998/03  30
 1997/03  20
 1996/03  20
 1995/03  15
 1994/03  10