Phillips Carbon Black Ltd. ------------------- in Rs. Cr.

-------------------
Historical Figures
Mar '18 Mar '19 Mar '20 Mar '21
Standalone Profit & Loss account
Income
Sales Turnover 2,600.31 3,528.56 3,243.54 2,659.52
Excise Duty 53.33 0 0 0
Net Sales 2,546.98 3,528.56 3,243.54 2,659.52
Other Income 17.79 18.21 22.35 15.55
Stock Adjustments -8.42 55.4 -3.79 -26.19
Total Income (Revenue) 2,556.35 3,602.17 3,262.10 2,648.88
Expenditure
Raw Materials 1,744.33 2,463.82 2,284.28 1,678.97
Power & Fuel Cost 22.34 28.44 22.96 28.11
Employee Cost 97.18 110.92 134.38 132.17
Miscellaneous Expenses 288.66 358.22 333.17 275.51
Preoperative Exp Capitalised - - - -
Total Expenses (COGS) 2,152.51 2,961.40 2,774.79 2,114.76
Operating Profit 225.77 209.19 73.60 25.56
PBDIT 403.84 640.77 487.31 534.12
Interest 41.44 36.77 45.9 33.88
PBDT 362.40 604.00 441.41 500.24
Depreciation 60.52 66.38 92.36 110.12
Profit Before Tax 301.88 537.62 349.05 390.12
Tax 74.04 150.27 67.34 78.09
Reported Net Profit (PAT) 227.84 387.35 281.71 312.03
Total Value Addition 184.88 263.36 291.64 364.32
Preference Dividend - - - -
Equity Dividend 20.68 81 120.64 120.64
Corporate Dividend Tax 4.21 16.65 24.8 0
Per share data (annualised)
Shares in issue (lakhs) 332.18 344.68 344.68 344.68
Earning Per Share (Rs) 35.01 25.28 (5.99) (25.12)
Equity Dividend (%) 50.00 40.00 5.00 -
Book Value (Rs) 155.39 177.49 170.92 145.79
Retained Earnings 202.95 289.70 136.27 191.39

Standalone Balance Sheet

Equity & LIABILITY
Sources Of Funds
Total Share Capital 34.47 34.47 34.47 34.47
Equity Share Capital 34.47 34.47 34.47 34.47
Share Application Money - - -
Preference Share Capital - - - -
Reserves 1,337.88 1,613.60 1,657.21 1,892.70
Networth 1,372.35 1,648.07 1,691.68 1,927.17
Secured Loans 686.89 725.65 544.68 561.66
Total Debt 686.89 725.65 544.68 561.66
Current Liabilities 722.91 916.39 969.93 1,136.00
Provisions 77.2 84.52 85.9 85.25
Total CL & Provisions 800.11 1,000.91 1,055.83 1,221.25
Short term Debt
Total Liabilities & Equity 2,859.35 3,374.63 3,292.19 3,710.08

Application Of Funds (ASSETS)

Gross Block 1,578.85 1,745.64 1,976.29 2,162.68
Less: Accum. Depreciation 179.66 245.33 336.37 445.94
Net Block 1,399.19 1,500.31 1,639.92 1,716.74
Capital Work in Progress 66.84 175.04 305.58 266.76
Investments 337.4 383.79 176.73 220.28
Other Fixed Assets 404.24 558.83 482.31 487.04
Total Fixed Assets 1,803.43 2,059.14 2,122.23 2,203.78
Inventories 309.9 460.29 326.19 444.84
Sundry Debtors 521.97 652.66 588.24 707.53
Cash and Bank Balance 133.82 75.82 110.65 218.96
Total Current Assets 965.69 1,188.77 1,025.08 1,371.33
Loans and Advances 90.21 126.72 144.87 134.97
Total CA, Loans & Advances 1,055.90 1,315.49 1,169.95 1,506.30
Total Assets 2,859.33 3,374.63 3,292.18 3,710.08
Contingent Liabilities 35.10 69.00 56.94 65.55
Book Value (Rs) 155.39 177.49 170.92 145.79

Check (ASSETS=LIABILITY) -0.02 0 -0.01 0

-----------------
s
Mar '22 Mar '23 Mar '24 Mar '25 Mar '26 Mar '27

4,446.42
0
4,446.42
24.92
35.32
4,506.66 5,407.99 6,489.59 7,787.51 9,345.01 11,214.01

3,297.41
19.79
158.72
350.24
-
3,826.16 4,326.39 5,191.67 6,230.01 7,476.01 8,971.21
152.24
680.50 1,081.60 1,297.92 1,557.50 1,869.00 2,242.80
29.09 45.14 49.66 54.62 60.09 66.09
651.41 1,036.46 1,248.26 1,502.88 1,808.92 2,176.71
120.88 132.7975 146.07725 160.68498 176.75347 194.42882
530.53 903.66 1,102.18 1,342.19 1,632.16 1,982.28
105.2 271.10 330.65 402.66 489.65 594.68
425.33 632.56 771.53 939.54 1,142.51 1,387.60
313.11
-
188.73 189.77 231.46 281.86 342.75 416.28
0 -

344.68
3.67
10.00
148.05
236.60

37.75
37.75
-
-
2,567.16
2,604.91
683.99
683.99 752.39 827.63 910.39 1,001.43 1,101.57
1,386.66
79.79
1,466.45

4,755.35

2,414.50 2655.95 2921.545 3213.6995 3535.0695 3888.5764

506.63
1,907.87
129.4
783.04
912.44
2,820.31
603.91
1,105.10
108.69
1,817.70
117.34
1,935.04
4,755.35
40.33
148.05

0
 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Average
Growth in revenue 0.4091067 -0.094407 -0.187983 0.7013455 0.2070155

Ratio of COGS and Revenue 0.8420248 0.8221156 0.8506146 0.7983601 0.8490013 0.8300229

Interest Rate 0.0603299 0.0506718 0.0842697 0.0603212 0.0425299 0.0594481

Growth in Debt 0.0564282 -0.24939 0.0311743 0.2178008 0.0140033

Growth in Gross Block 0.1056402 0.1321292 0.0943131 0.1164389 0.1121303

Depreciation rate 0.0383317 0.0380262 0.046734 0.0509183 0.0500642 0.0464357

Tax rate 0.245263 0.2795097 0.1929236 0.2001692 0.1982923 0.2177237

Dividend Pay out 0.0907654 0.2091132 0.4282418 0.3866295 0.443726 0.3669276

CDT #DIV/0!
Assumptions
0.2

0.8

0.06

0.1

0.1

0.05

0.3

0.3