2021 2020 2019

i. assets
(1) non-current assets
(a) Property, plant and equipment 3,608 3,549 3,507
(b) Capital work in progress 245 311 212
(c) Right-of-use assets 894 1036 -
(d) Goodwill 6549 6418 550
(e) Other intangible assets 9,854 11,640 7,178
(f) Financial assets
(i) Investments 5,041 4,154 3,808
(ii) Loans - - 355
(iii) Others 359 314 309
(g) Deferred tax assets (net) 668 2,030 2,107
(h) Other non-current assets 429 542 723
Total Non-Current Assets 27647 29994 18749
(2) current assets
(a) Inventories 18 15 18
(b) Financial assets
(i) Investments 6,605 6,885 2,002
(ii) Trade receivables 5,217 7,525 6,245
(iii) Cash and cash 2876 1294 4523
equivalents
(iv) Other bank balances 2,180 - 1,750
(v) Loans 4,841 3,445 1,244
(vi) Others 5,294 3,907 2,275
(c) Current tax assets (net) 1 2 -
(d) Other current assets 682 771 650
Total Current Assets 27714 23844 18707
total assets 55,361 53,838 37,456

ii. eQuity
(a) Equity share capital 543 543 271
(b) Other equity 43,010 37,003 30,168
Total Equity 43,553 37,546 30,439
iii. liaBilities
(1) non - current liabilities
(a) Financial liabilities
(i) Borrowings 207 160 32
(ii) Lease Liabilities 574 680 -
(iii) Others 3 553 1
(b) Provisions 866 779 553
(c) Other non-current liabilities 139 115 52
(2) current liabilities
(a) Financial liabilities
 (i) Borrowings - - -
(ii) Trade payables - - 2367
1. Dues of micro 5 - -
enterprises and small enterprises
2. Dues of creditors other 2702 2272 -
than micro enterprises and small
enterprises
(iii) Lease Liabilities 144 157
(iv) Others 3,459 8,886 2,301
(b) Other current liabilities 2693 1814 901
(c) Provisions 227 171 141
(d) Current tax liabilities (net) 789 705 669
10019 14005 6379
total eQuity anD liaBilities 55,361.00 53,838.00 37,456.00
 2018 2017

3,293 3,126.45
298 410.53
- -
550 553.17
6,585 4,310.19

4,068 3,810.10
235 0.07
166 186.85
1,506 1,211.07
669 646.59
17370 14255.02

40 89.93

2,130 914.14
5,427 4,418.39
210 352.00

2,115 7,610.35
3,438 2,542.76
1,541 1,518.06
- -
547 671.26
15448 18116.89
32,818 32,371.91

278 285.36
27,285 25,687.93
27,563 25973.29

33 31.24
- -
2 7.16
471 411.27
56 34.37
- -
544 484.59
- -

- -

2,866 4,003.65
608 885.46
129 110.89
546 429.99
4693 5914.58
32,818.00 32,371.91
 31 March 2021 31 March 2020 31 March 2019

EQUITIES AND LIABILITIES

Total Non-Current Liabilities 1,789 2,287 638
Total Current Liabilities 10019 14,005 6,379
Total Liabilities 11808 16292 7017
Total Equities 43553 37,546 30,439
Total Capital And Liabilities 55361 53838 37456
ASSETS
Total Non-Current Assets 27647 29994 18749
Total Current Assets 27714 23844 18707
Total Assets 55361 53838 37456
 31 March 2018 31 March 2017

562 484
4,693 5,915
5255 6399
27,563 25,973
32818 32372

17370 14255
15448 18117
32818 32372
 Note No 31 March 2021

Revenue
Revenue from operations 35673
Other income 965
Total income 36638

Expenses
Purchase of stock-in-trade 142
Changes in inventories of stock-in-trade -3
Employee benefits expense 11749
Finance costs 177
Depreciation, amortization and impairment expense 2813
Outsourcing costs 7515
Other expenses 1835
Total expenses 24228

Profit before tax 12410

Tax expense
Current tax 2480
Deferred tax charge 1187
Total tax expense 3667

Profit for the year 8743

Other comprehensive income

(i) Items that will not be reclassified to statement of profit and loss 43
(ii) Income tax on items that will not be reclassified to statement of p 11
(i) Items
(ii) thattax
Income will
onbe reclassified
items that will subsequently
be reclassifiedtosubsequently
statement of profit
to statement of profit 652
and loss 164
Total other comprehensive income (loss) 520

Total comprehensive income for the year 9263

Earnings per equity share of ₹ 2 each
Basic (in ₹) 32.22
Diluted (in ₹) 32.22
31 March 2020 31 March 2019 31 March 2018 31 March 2017 2021 2020

32666 26,012 22,073 19318 97.36% 98.15%

613 805 702 956 2.63% 1.84%
33279 26817 22775 20274 100% 100%

151 142 138 124 0.38% 0.45%

3 22 50 39 -0.01% 0.01%
9955 8079 7365 6844 32.06% 29.91%
240 16 23 55 0.48% 0.72%
1959 1276 893 478 7.67% 5.88%
7215 4901 2918 2219 20.51% 21.68%
2578 2450 2263 2239 5.00% 7.74%
22101 16886 13650 11998 66% 66.41%

11178 9931 9125 8276

1968 2354 1987 1537

241 608 224 134
2209 1746 1763 1403 10.00% 6.64%

8969 8185 7362 6873 23.86% 26.95%

100% 100%

81 13 35 7
18 3 7 1
514 18 332 520
91 4 78 109
486 24 226 405

8483 8209 7136 7278

33.06 59.69 52.54 48.18

33.05 59.66 52.5 48.13
2019 2018 2017

96.99% 96.91% 95.28%

3.00% 3.08% 4.71%
100% 100% 100%

0.01% 0.61% 0.61%

0.08% 0.22% 0.19%
30.12% 32.34% 33.76%
0.06% 0.10% 0.27%
4.76% 3.92% 2.36%
18.28% 12.81% 10.95%
9.14% 9.94% 11.04%
62.97% 59.93% 59.18%

6.51% 7.74% 6.92%

30.52% 32.32% 33.90%

100% 100% 100%
 31 March 2021

Cash flows from operating activities

Profit before tax 12410
Adjustment for:
Depreciation, amortization and impairment expense 2813
Interest income 551
Dividend income from subsidiaries 63
Provision for doubtful debts / bad debts (written back) written off, net 12
Income on investments carried at fair value through profit and loss 88
Profit on sale of investments carried at fair value through other compreh 3
Profit on sale of investment in subsidiary carried at cost 1
Interest expense 113
Profit on sale of property, plant and equipment (net) 109
Other non cash charges (net) 76
14585
Net change in
Trade receivables 2296
Inventories 1
Other financial assets and other assets 947
Trade payables 424
Provisions, other financial liabilities and other liabilities 1758
Cash generated from operations 18115
Direct taxes paid (net of refunds) 2350
Net cash flow from operating activities (A) 15765

Cash flows from investing activities

Investments in bank deposits 2180
Proceeds from bank deposits on maturity -
Purchase of investments in securities 20320
Proceeds from sale/maturity of investments in securities 20728
Deposits placed with body corporates 6641
Proceeds from maturity of deposits placed with body corporates 5219
Payments for business acquisitions, net of cash acquired 367
Purchase of property, plant and equipment and intangibles 817
Proceeds from sale of property, plant and equipment 132
Investment in the subsidiaries 887
Proceeds from sale of investment in subsidiary 1
Proceeds from loans extended to subsidiaries 26
Loan given to group company -
Dividend received from subsidiaries 63
Interest received 585
Income taxes paid 90
Net cash flow used in investing activities (B) 4548
Cash flows from financing activities
Proceeds from long term borrowings 68
Repayment of long term borrowings 24
Proceeds from short term borrowings 75
Repayment of short term borrowings 75
Proceeds from loan taken from subsidiary -
Repayment of loan taken from subsidiary -
Payments for deferred consideration on business acquisitions 6216
Dividend paid 3256
Corporate dividend tax -
Interest paid 4
Payment of lease liabilities including interest 217
Net cash flow used in financing activities © 9649

Net increase (decrease) in cash and cash equivalents (A+B+C) 1568

Effect of exchange differences on cash and cash equivalents held in f 14
Cash and cash equivalents at the beginning of the year 1294
Cash and cash equivalents at the end of the year as per note 3.10 (a) 2876
 31 March 2020 31 March 2019 31 March 2018 31 March 2017

11178 9931 9125 8276

1959 1276
426 531
47 17
91 4
119 121
16 17
-
76 4
1 3
126 5
12821 10523

1305 820
9 22
12 1006
97 1831
176 204
11616 10754
1705 2078
9911 8676 6339 6995

- 1750
1750 2115
35073 23118
30454 23718
4976 1355
3221 3408
5340 -
941 2326
12 14
399 -
- -
- 21
15 -
47 17
257 468
137 147
11410 995 -973 -2643
 152 18
30 16
221
221
1
1
285
1357 1099
268 222
11 4
198
1997 5335 -5547 -4112

3226 4336 -181 240

8 23 39 -13
4528 210 352 125
1294 4523 210 352
 31 March 2021

Profit before tax 12410

Net cash flow from operating activities (A) 15765
Net cash flow used in investing activities (B) 4548
Net cash flow used in financing activities © 9649

Net increase (decrease) in cash and cash equivalents (A+B+C) 1568

Effect of exchange differences on cash and cash equivalents he 14
Cash and cash equivalents at the beginning of the year 1294
Cash and cash equivalents at the end of the year as per note 3.1 2876
31 March 2020 31 March 2019 31 March 2018 31 March 2017

11178 9931 9125 8276

9911 8676 6339 6995
11410 995 -973 -2643
1997 5335 -5547 -4112

3226 4336 -181 240

8 23 39 -13
4528 210 352 125
1294 4523 210 352
 Formulas Mar-21
Net Worth Share Capital + Reserves and Surplus 43,553
No. of Shares Share Capital/Face value of share 272
Gross Profit Sales - Cost of Goods Sold 12,410

Face Value of a Share 2

Profitability Ratios Formulas 2021

1 Earning dividend profit

on sales and operating
activites

Gross Profit Margin (%) Gross Profit/Total Revenue 33.87%

Operating Profit Margin EBIT/Total Revenue 33.87%

(%)

Net Profit Margin (%) Net Profit/Total Revenue 23.86%

2 Earning desired profit for

shareholders

Return on Equity (%) Net Profit/Net Worth 20.07%

Earning per share (Rs.) Net Profit/No. of shares 32.14

3 Earning profit with

efficiency

Return on Investment (%) EBIT/Total Assets 22.42%

Return on Fixed Assets (%) EBIT/ Fixed Assets 44.89%

Liquidity Ratios Formulas 2021

1 Stock of Financial Assets

to meet Short-term
Financial obligations
 Gross Working Capital Current Assets 27714
(Rs.)

Net Working Capital (Rs.) Current Assets - Current Liabilities 17,695

Current Ratio Current Assets/Current Liabilities 1.57

Quick Ratio (Current Assets - 2.76

Inventories)/Current Liabilities

Cash and Cash Equivalent (Cash and Cash Equivalent/Current 28.71

to Current Liabilities Ratio Liabilities)*100
(%)

2 Capability to generate
liquid financial resources
to meet financial
obligations

Average Collection Period (Trade Receivables/Sales)*360 51.26

(Days)

Average Payment Period (Trade Payables/Cost of Material

(Days) Consumed)*360

Inventories Conversion (Inventories/Cost of goods sold) * 46.61

Period (Days) 360

Cash Conversion Efficiency Cash from Operating Acitivites/Sales 44.19

Ratio (%)

Operating Cycle (Days) Inventories Conversion Period +

Average Collection Period

Cash Conversion Cycle Operating Cycle - Average Payment

(Days) Period
 Formulas Mar-21
Equity Total Assets - Total Liabilities 43,553

Solvency Ratios Formulas Mar-21

1 Leverage Ratios

Debt Equity Ratio (%) Long Term Debt/Equity NA

Equity Multiplier (Total Total Assets/Equity 1.27

Assets to equity)

Total Debt to Equity (%) (Short-term Debt + Long term 0.11

Debt)/Equity

2 Coverage Ratios

Net Worth (Rs.) Share Capital + Reserves and Surplus 43,553

Interest Coverage Ratio EBIT/Interest 49.40

Cash Flow from operating Cash Flow from operating 133.50

activities to Total Liabilites activites/Total Liabilites
(%)
Mar-20 Mar-19 Mar-18 Mar-17
37,546 30,439 27,563 25973.29
272 136 139 143
11,178 9,931 9,125 8,276

2020 2019 2018 2017

33.59% 33.03% 40.07% 40.82%

33.59% 33.03% 40.07% 40.82%

26.95% 30.52% 32.32% 33.90%

23.88% 26.88% 26.70% 26.46%

32.97 60.18 52.96 48.06

20.76% 26.51% 27.80% 25.57%

37.27% 52.97% 52.53% 58.06%

2020 2019 2018 2017

23844 18707 15448 18116.89

9,839 12,328 10,755 12,202

2.42 1.52 1.44 1.48

1.7 2.929 3.28 3.04

9.23 70.90 4.47 5.95

81.40 83.83 85.78 78.45

35.06 39.51 76.59 198.61

30.34 33.35 28.71 36.20

Mar-20 Mar-19 Mar-18 Mar-17
37,546 30,439 27,563 25,973

Mar-20 Mar-19 Mar-18 Mar-17

NA 0.01 0.01 NA

1.43 1.23 1.19 1.25

0.09 0.05 0.13 0.10

37,546 30,439 27,563 25973.29

37.37 511.56 320.08 124.96

60.83 123.64 120.62 109.31

 31 March 2021 31 March 2020 31 March 2019 31 March 2018 31 March 2017

Revenue
Revenue from operations 35673 32666 26,012 22,073 19318
Other income 965 613 805 702 956
Total income 36638 33279 26817 22775 20274

Expenses
Purchase of stock-in-trade 142 151 142 138 124
Changes in inventories of stock-in-trade -3 3 22 50 39
Employee benefits expense 11749 9955 8079 7365 6844
Finance costs 177 240 16 23 55
Depreciation, amortization and impairment 2813 1959 1276 893 478
Outsourcing costs 7515 7215 4901 2918 2219
Other expenses 1835 2578 2450 2263 2239
Total expenses 24228 22101 16886 13650 11998

Profit before tax 12410 11178 9931 9125 8276

Tax expense
Current tax 2480 1968 2354 1987 1537
Deferred tax charge 1187 241 608 224 134
Total tax expense 3667 2209 1746 1763 1403

Profit for the year 8743 8969 8185 7362 6873

Total Income
Common Size Analysis

2021 2020 2019 2018 2017

97.36% 98.15% 96.99% 96.91% 95.28%

2.63% 1.84% 3.00% 3.08% 4.71%
100% 100% 100% 100% 100%

0.38% 0.45% 0.01% 0.61% 0.61%

-0.01% 0.01% 0.08% 0.22% 0.19%
32.06% 29.91% 30.12% 32.34% 33.76%
0.48% 0.72% 0.06% 0.10% 0.27%
7.67% 5.88% 4.76% 3.92% 2.36%
20.51% 21.68% 18.28% 12.81% 10.95%
5.00% 7.74% 9.14% 9.94% 11.04%
66% 66.41% 62.97% 59.93% 59.18%

10.00% 6.64% 6.51% 7.74% 6.92%

23.86% 26.95% 30.52% 32.32% 33.90%

100% 100% 100% 100% 100%