RS IN CRORES Mar'2021 Mar'2020 Mar'2019 Mar'2018 Mar'2017

12Months 12Months 12Months 12Months 12Months

INCOME:
Sales Turnover 9718 9841.6 12085 11872.2 11242.6
Excise Duty 0 0 0 182.1 807.4
NET SALES 9718 9841.6 12085 11690.1 10435.2
Other Income 504 546.6 595.4 511.8 617.4
TOTAL INCOME 10222 10388.2 12680.4 12201.9 11052.6
EXPENDITURE:
Manufacturing Expenses 86.1 97.6 111.2 109.7 108
Material Consumed 5923.3 5481.8 6939.5 6581 5569.8
Personal Expenses 931.6 1268.5 1350.7 1356.5 1342.8
Selling Expenses 33.2 65.2 59.4 46 78
Administrative Expenses 1581.4 1445.2 1470.1 1503.7 1376.2
TOTAL EXPENDITURE 8555.6 8358.3 9930.9 9596.9 8474.8
CONTRIBUTION 1666.4 2029.9 2749.5 2605 2577.8
EBIT 1325 1646.6 2347.3 2137.8 2121.6
Interest 14 10.2 13.3 3.3 27.2
EBT 1311 1636.4 2334 2134.5 2094.4
OPERATING LEVERAGE 1.25766038 1.2327827 1.1713458 1.2185424 1.2150264
FINANCIAL LEVERAGE 1.01067887 1.0062332 1.0056984 1.001546 1.012987
COMBINED LEVERAGE 1.27109077 1.2404669 1.1780206 1.2204263 1.230806
EPS - Annualised (Rs) 163.59 220.32 541.81 449.14 570.46
% CHANGE IN EPS -34.678159 -145.9196 17.103782 -27.01162 14.455001
interest coverage ratio 94.6428571 161.43137 176.48872 647.81818 78
488
 Particulars 2020-21 2019-20 2018-19
Inventory 1,298.50 1,115.90 1,444.30
Annual Sales 9718 9841.6 12085
Purchases 8555.6 8358.3 9930.9
Trade Receivables 1,389.40 1,413.00 1,567.50
Trade Payables 2,223.00 1,605.00 1,577.50

Daily Inventory 49 41 44
Average Collection Period 52 52 47
Operating Cycles 101 94 91
Days Payables 95 70 58
CCC in days 6 24 33

Days Payables
100
90
80
70
60
50
40
30
20
10
0
1 2 3

CCC in days
35

30

25

20

15

10

-
1 2 3
 Chart Title
Daily In
2,500.00 50

2,000.00 48

46
1,500.00
44
1,000.00
42
500.00
40

0.00 38
2020-21 2019-20 2018-19
36
Inventory Trade Receivables Trade Payables 1

Average Collection Period Operati

53 102
52 100
51 98
50 96
49 94
48 92
47 90
46 88
45 86
44 84
1 2 3 1
 Daily Inventory

1 2 3

Operating Cycles

1 2 3
 Particulars 2019 2020 2021
Total Equity 29.5 29.5 29.5
Total Debt 0 0 0 WACC
Total Capital 29.5 29.5 29.5
9.8
Beta 0.5399 1.0024 1.0063
Risk Factor, Rf 7.77 7.41 6.11 9.6
Return from Market, Rm 9.58 9.11 9.62 9.4
Rm-Rf 1.81 1.7 3.51
Interest 14 10.2 13.3 9.2
1-t 0.7 0.7 0.7 9
Cost of Debt, kd 0 0 0
Cost of equity, ke 8.747219 9.11408 9.642113 8.8

Cost of Capital 8.747219 9.11408 9.642113 8.6

Weight of Debt 0 0 0
8.4
Weight of Equity 1 1 1
WACC 8.747219 9.11408 9.642113 8.2
WACC
 Financial Year 2018-19 2019-20 2020-21
Share Capital 29.5 29.5 29.5
Reserves and Surplus 9,096.70 9,239.90 9,792.60
Total Shareholders funds 9,126.20 9,269.40 9,822.10
Long term borrowings 0 0 0
Short term borrowings 0 0 0
Total Debt Nil Nil Nil

Financial Year /Ratio 2018-19 2019-20 2020-21

Current Ratio (X) 1.99 1.91 1.95
Quick Ratio (X) 1.55 1.61 1.66
Asset turnover ratio 4.33 3.09 2.73
Return on Networth / Equity (%) 17.51 7.01 4.91
Financial Year /Parameter 2019-2020 2020-2021 Difference % change (Decrease)
Annual Sales 99121 97162 1959 1.976
Annual revenue 104587 102686 1901 1.818
Net Profit 6498 4807 1691 26.023