2020 2019 2018 2017 2016

Revenue from operations 175170 154482 142810 141961 155683

Net profit 20260 19500 9468 12921 21306
Property, plant & equipments 47779 49127 49733 50281 46130

Trend
Revenue from operations 113 99 92 91 100
Net profit 95 92 44 61 100
Property, plant & equipments 104 106 108 109 100
 Year Value Value Value
0 155683 21306 46130
1 141961 12921 50281
2 142810 9468 49733
3 154482 19500 49127
4 175170 20260 47779

CAGR 0.0299 -0.01251 0.008819

2.99 -1.25 0.88
Income Statement Items
Particulars 2016 2015 2016 2015
Total revenue 181,376 157,857 100 100
Total expenses 163,080 134,937 90 85 90
Profit before tax and before share of eq 18,296 22,920 10 15 10
Share of profit of equity accounted inve 561 438 0 0 0
Profit before Tax 17,735 22,482 10 14 10
Tax expense (benefit) 1,403 -3,858 1 -2 1
Profit for the year 19138 18624 11 12 11

Balance Sheet Items 2016 2015 2016 2015

Non-current Assets 106262 113555 46 51
Current Assets 125991 111101 54 49
Total Assets 232253 224656 100 100

Equity 155988 140236 67 62

Non-current liabilities 4124 25447 2 11
Current Liabilities 72141 58973 31 26
Total Equity & Liabilities 232253 224656 100 100
The results of such analysis are presented in the form of commom size statements
If companies differ in size this analysis is helpful in comparing the values
 STATEMENT OF PROFIT AND LOSS
Figures in millions
Income 2020 2019
Sales 163,574 148,706

Service income and License fees 11026 5,145

Other operating income 570 631

Total revenue from operations 175,170 154,482
Other income 6206 3375
Total Income 181376 157857

Expenses
Cost of materials consumed 29,848 28,894
Purchase of stock-in-trade 25,459 18,808
Changes in inventories of finished goods,
work-in-progress and stock-in-trade 237 -2754

Employee benefits expense 33,802 33,562

Depreciation & Amortisation 11631 11348
Impairment of noncurrent assets 16767 116
Finance costs 983 889

Selling & other expenses 44353 44074

Total expenses 163,080 134,937

Profit before tax and before share of equity 18,296 22,920

Share of profit of equity accounted investees 561 438

Profit before tax 18,857 23,358

1403 3858
Tax expense/benefit
Profit after tax 20,260 19,500

BALANCE SHEET
ASSETS
Non-current assets 106,262 113,555
Current assets
Inventories 35,067 33,579 29089
Financial Assets
Investments 23,687 22,529
Trade receivables 50,278 39,869 40617
Derivative instruments 1,105 360
Cash and cash equivalents 2,053 2228
Other financial assets 3,377 2112

Other current assets 10,424 10,424

Total Current Assets 125,991 111,101

Total Assets 232,253 224,656 225443

Liabilities & Equity

Equity share capital 831 830
Other equity 155,157 139,406
Equity 155988 140236 125716

Liabilities
Non-current liabilities
Borrowings 1,304 22,000
Others 2,820 3,447
4,124 25,447

Current liabilities 72141 58973

Total liabilities 76,265 84,420

Total equity and liabilities 232,253 224,656

No. of ordinary shares (million) 165758384 165914036

Market price per share (Rs.) 2864 2697
DuPont analysis basically breaks down return on
equity into three parts, asset turnover, net profit margin
and leverage. 

Profitability Ratios 2020 2019

Net Profit Margin (Net Profit/Revenue from
operations)*100
Asset Turnover (Revenue from operations/Average
Assets)
Average Assets
Return on Assets (Net Profit/Average Assets)*100
Return on Assets (NPM*AT)

Return on Equity (Net Profit/Average Equity)*100

Average Equity
Return on Equity (ROA*Leverage)*100

Return on Equity (NPM*AT*Lev)

Earnings Per Share i.e. EPS (Net Profit after Tax/No
of Shares Outstanding)

Liquidity Ratios

Current Ratio (Current Assets/Current Liabilities)

Quick Ratio (Current Assets - Inventory/Current
Liabilities)
Inventory Turnover Ratio (Revenue from
operations/ Average Inventory)
Average Inventory
Inventory Holding Period (360/Inventory
Turnover)
Receivables Turnover Ratio (Revenue from
operations/ Average Receivables)
Average Receivables
Average collection period (360/Inventory
Turnover)

Solvency Ratios
Debt to Equity Ratio (Debt/Equity)
Liability to Equity Ratio
Borrowings
Leverage (Average Assets/Average Equity)

Interest Cover (PBIT)/Interest)

PBIT (Profit Before Tax (PBT) +Interest Cost)

Capital Market Standing Ratios

Price/Earnings Ratio (Market price per share
(MPS)/Earnings per share (EPS)

Stock return