P&L

Mar-17 Mar-18

Revenue From Operations [Gross] 265,041.00 315,357.00

Less: Excise/Sevice Tax/Other Levies 23,016.00 25,315.00
Revenue From Operations [Net] 242,025.00 290,042.00
Total Operating Revenues 242,025.00 290,042.00
Other Income 8,709.00 8,220.00
Total Revenue 250,734.00 298,262.00

EXPENSES
Cost Of Materials Consumed 164,250.00 198,029.00
Purchase Of Stock-In Trade 5,161.00 7,268.00
Operating And Direct Expenses 0 0
Changes In Inventories Of FG,WIP And Stock-In Trade -4,839.00 -3,232.00
COGS 164,572.00 202,065.00
Employee Benefit Expenses 4,434.00 4,740.00
Finance Costs 2,723.00 4,656.00
Depreciation And Amortisation Expenses 8,465.00 9,580.00
Other Expenses 29,763.00 31,496.00

Total Expenses 209,957.00 252,537.00

Profit/Loss Before Tax 40,777.00 45,725.00

Total Tax Expenses 9,352.00 12,113.00

Profit/Loss For The Period 31,425.00 33,612.00

 Mar-19 Mar-20

401,583.00 365,202.00
29,967.00 29,224.00
371,616.00 335,978.00
371,616.00 335,978.00
8,822.00 14,541.00
380,438.00 350,519.00

265,288.00 237,342.00
8,289.00 7,292.00
24,839.00 21,424.00
-3,294.00 77
295,122.00 266,135.00
5,834.00 6,067.00
9,751.00 12,105.00
10,558.00 9,728.00
14,252.00 14,306.00

335,517.00 308,341.00

44,921.00 42,178.00

12,204.00 9,413.00

32,717.00 32,765.00
 HISTORICAL PERIOD
Financial models UNITS 31/3/18 31/3/19

Assumptions

P&L ASSUMPTIONS
REVENUE GROWTH % 20%
COGS % 68% 70%
Gross margin % 32% 30%
employee costs INR 4,434 4,740
other fixed costs INR 29,763 31,496
EBITDA % 18% 18%
Deprication INR 8,465 9,580
finance cost INR
Taxes % 23% 26%

Revenue INR 242,025 290,042

Less: COGS INR 164,572 202,065
Gross Profit INR 77,453 87,977

Less: Expenses INR

employee costs INR 4,434 4,740
Other fixed costs INR 29,763 31,496
Total expenses INR 34,197 36,236

EBITDA INR 43,256 51,741

other income INR 8,709 8,220

deprication INR 8,465 9,580
finance costs INR 2,723 4,656
INR
Profit before taxes INR 40,777 45,725
INR
less: taxes INR 9,352 12,113

Profit after taxes INR 31,425 33,612

41% 38%

Balancesheet assumptions

Inventories Days days 75 71

receivable days days 8 13
Payable days days 151 160
Other curent liabilities days 137 210
capex INR -36,813
debt assumption INR 50000
equity Indusion INR 3084

non-current assest
Tangible assests 145486 191879
Intangible assests 7047 7047
Total Fixed Assets 152533 198926

Other current Assets 5476 16114

Total non- current assest 158009 215040

Current assest
inventories 34018 39568
receviable 5472 10460
Cash/bank 1754
Current Investment 282215 362637
Total current Asset 323459 412665

Total Assets 481468 627705

Long term Liabilities

Debt 60000 110000

Current liabilities
payables 68161 88675
other current liabilities 74648 137151

Total Liabilities 202809 335826

Shareholders Fund
Equity share holders fund 3251 6335
Reserve and surplus 275408 309,020
Total Shareholders fund 278659 315355

Total liabilities and share holders fund 481468 651181

Balancesheet check 0 23476

PPE
Opening
Add: Additions
Less: sold off
Less: Depriciation
Closing PPE balance
HISTORICAL PERIOD FORECASTED PERIOD
31/3/20 31/3/21 31/3/22 31/3/23 31/3/24 31/3/25

28% 23% 24% 21.00% 18.00% 15.00%

79% 58% 69% 68% 67% 66%
21% 42% 31% 32% 33% 34%
5,834 6,067 6,000 6,420 6,869 7,350
14,252 14,306
15% 37% 22% 22% 22% 22%
10,558 9,728

27% 6% 25% 25% 25% 25%

371,616 455,978 565,413 684,149 807,296 928,391

295,122 266,135 389,353 464,276 539,772 611,454
76,494 189,843 176,060 219,874 267,524 316,936

5,834 6,067 6,000 6,420 6,869 7,350

14,252 14,306 45,588 62,843 82,934 105,208
20,086 20,373 51,588 69,263 89,803 112,558

56,408 169,470 124,471 150,610 177,720 204,378

8,822 14,541 14,541 14,541 14,541 14,541

10,558 9,728 9,728 9,728 9,728 9,728
9,751 12,105

44,921 162,178 129,284 155,423 182,533 209,191

12,204 9,413 32,538 39,117 45,940 52,649

32,717 152,765 96,746 116,306 136,593 156,542

43% 80% 55% 53% 51% 49%

55 53 70 70 70 70
12 6 10 10 10 10
109 97 155 155 155 155
 233 408 170 170 170 170
-8,417 -103,267 -20000 -20000 -20000 -20000
10000 -20000 -10000 -10000 -10000 -10000
4 0 0 0 0 0

194895 297847
23006 33049
217901 330896

14262 16761 16761 16761 16761 16761

232163 347657 16761 16761 16761 16761

44144 38802 74,670 89,039 103,518 117,265

12110 7483 15,491 18,744 22,118 25,435

416305 481499 481499 481499 481499 481499

472559 527784 571660 589282 607135 624200

704722 875441

120000 100000

88241 71048 165,342 197,158 229,218 259,659

201081 320153 205370 248498 293227 337211

409322 491201 370711.65546 445655.81 522445.6127 596869.9734

6339 6339 6339 6339 6339 6339

341,737 494,502 591,248 707,555 844,148 1,000,690
348076 500841 597587.13326 713893.61 850486.9422 1007029.03

757398 992042 968299 1159549 1372933 1603899

52676 116601 968299 1159549 1372933 1603899

330896
20000
 0
-
 TERMINAL PERIOD
PERIOD BEYOND 31/3/25
Balance Sheet
Mar-18 Mar-19 Mar-20 Mar-21
SHAREHOLDER'S FUNDS
Equity Share Capital 3,251.00 6,335.00 6,339.00 6,339.00
Reserves and Surplus 275,408.00 309,020.00 341,737.00 454,708.00
Total Shareholders Funds 278,659.00 315,355.00 348,076.00 461,047.00
NON-CURRENT LIABILITIES
Long Term Borrowings 60,000.00 110,000.00 120,000.00 100,000.00
Total Non-Current Liabilities 60,000.00 110,000.00 120,000.00 100,000.00
CURRENT LIABILITIES
Trade Payables 68,161.00 88,675.00 88,241.00 71,048.00
Other Current Liabilities 74,648.00 137,151.00 201,081.00 320,153.00
Total Current Liabilities 142,809.00 225,826.00 289,322.00 391,201.00
Total Capital And Liabilities 481,468.00 651,181.00 757,398.00 952,248.00
ASSETS
Tangible Assets 145,486.00 191,879.00 194,895.00 297,847.00
Intangible 7,047.00 7,047.00 23,006.00 33,049.00
Fixed Assets 152,533.00 198,926.00 217,901.00 330,896.00
Long Term Loans And Advances 5,476.00 16,114.00 14,262.00 16,761.00
Total Non-Current Assets 158,009.00 215,040.00 232,163.00 347,657.00
CURRENT ASSETS
Current Investments 282,215.00 362,637.00 416,305.00 481,499.00
Inventories 34,018.00 39,568.00 44,144.00 38,802.00
Trade Receivables 5,472.00 10,460.00 12,110.00 7,483.00
Cash And Cash Equivalents 1,754.00 23,476.00 52,676.00 76,807.00
Total Current Assets 323,459.00 436,141.00 525,235.00 604,591.00
Total Assets 481,468.00 651,181.00 757,398.00 952,248.00

0.00 0.00 0.00 0.00