Assignment #2 Financial Accounting

Company Wellspun
Nature of Trade Textile

Horizontal Analysis
Values in INR Mn
March 31, 2022
Balance Sheet
ASSETS
Non-current assets
Property, plant and equipment 19,527.89
Capital work-in-progress 416.82
Intangible assets 171.11
Right-of-use assets 87.20
Intangible assets under development 39.45
Equity investment in subsidiaries 12,677.11
Financial assets
- Investments 1,696.66
- Loans 16.46
- Other financial assets 601.67
Non-current tax assets 377.90
Other non-current assets 264.87
Total non-current assets 35,877.14
Current assets
Inventories 10,697.68
Financial assets
- Investments 4,587.93
- Trade receivables 8,042.65
- Cash and cash equivalents 750.94
- Bank balances other than cash and cash equivalents above 47.68
- Loans 3.46
- Other financial assets 1,255.38
Other current assets 643.54
Total current assets 26,029.26
Total assets 61,906.40
EQUITY AND LIABILITIES
Equity
Equity Share Capital 988.06
Other equity
- Reserves and surplus 33,737.12
- Other reserves 26.28
Total equity 34,751.46
LIABILITIES
Non-current liabilities
Financial Liabilities
- Borrowings 1,465.69
- Lease liabilities 65.27
- Other financial liabilities 2,200.76
Non-current tax liabilities 2,977.58
Deferred tax liabilities (Net) 810.23
Other non-current liabilities 7,519.53
Total non-current liabilities 15,039.06
Current liabilities
Financial Liabilities
- Borrowings 11,612.16
- Lease liabilities 34.13
- Trade payables 0.00
(a) Total outstanding dues of micro enterprises and small 418.65
enterprises
(b) Total outstanding dues of creditors other than micro
enterprises and small enterprises 5,278.84
- Other financial liabilities 215.03
Provisions 537.19
Employee benefit obligations 1,045.98
Other current liabilities 493.43
Total current liabilities 19,635.41
Total liabilities 27,154.94
Total equity and liabilities 61,906.40
Summary of significant accounting policies
The accompanying notes are an integral part of these financial
statements

P&L Statement

Income
Revenue from operations 67,034.68
Other Income 860.60
Total income 67,895.28
Expenses
Cost of materials consumed 35,142.19
Purchases of stock-in-trade 3,811.14
Changes in inventory of finished goods, work-in-progress and
stock in-trade -310.65
Employee benefits expense 5,505.50
Depreciation and amortization expense 2,760.91
Other expenses 13,979.19
Finance costs 813.28
Total expenses 61,701.56
Profit before exceptional items and tax
Exceptional Items-(Income)/ Expense
Profit before tax 6,193.72
Income tax expense
- Current Tax 1,868.61
- Deferred Tax 265.86
- Deferred Tax charges related to earlier years 137.95
Total Income Tax Expense 2,272.42
Profit for the year 3,921.30
Other Comprehensive Income
Items that will not be reclassified to profit or loss
Change in fair value of FVOCI equity instruments Gain/(Loss) 18.73
Remeasurement of post employment benefit obligation 16.22
Gain/(Loss)
Income tax effect -4.08
Other comprehensive income/(loss) for the year, net of tax 30.87
Total Comprehensive Income for the year 3,952.17
Earnings Per Share (Rs.) [Nominal value per share : Re. 1

- Basic 3.95
- Diluted 3.95
Summary of significant accounting policies 2
The accompanying notes are an integral part of these financial
statements
March 31, 2021 March 31, 2020 March 31, 2019

20,971.96 23,044.95 25,740.05

229.25 220.67 272.95
229.06 419.89 508.58
132.51 144.22 0.00
20.39 16.34 13.58
12,552.52 9,044.79 8,442.06

1,531.37 2,238.42 2,202.58

1.90 0.67 0.06
164.80 885.74 329.93
377.90 571.29 396.19
116.52 181.27 295.21
36,328.18 36,768.25 38,201.19

10,720.82 10,564.19 8,924.65

29.20 2,218.26 146.06

7,488.10 7,542.50 8,459.22
1,768.82 612.40 725.19
466.07 184.31 99.53
4.50 97.83 1.46
2,720.51 2,697.23 4,253.62
1,451.54 1,527.27 1,827.91
24,649.56 25,443.99 24,437.64
60,977.74 62,212.24 62,638.83

1,004.73 1,004.73 1,004.73

 32,374.09 27,066.55 23,886.60
7.55 -1.00 4.57
33,386.37 28,070.28 24,895.90

2,608.48 7,666.77 12,500.50

93.19 104.26 0.00
2,159.86 33.75 34.23
2,569.69 1,517.35 1,323.85
628.85 1,947.15 1,811.61
8,060.07 676.16 830.37
16,120.14 11,945.44 16,500.56

11,335.53 12,362.72 9,994.89

52.29 44.72 0.00
0.00
332.55 84.43 34.67

6,042.29 5,740.97 5,586.40

290.89 3,019.51 3,171.56
0.00 0.00 1,555.99
942.55 702.58 619.93
535.20 241.59 278.93
19,531.30 22,196.52 21,242.37
27,591.37 34,141.96 37,742.93
60,977.74 62,212.24 62,638.83
59,563.46 53,235.69 53,952.64
832.20 431.40 830.40
60,395.66 53,667.09 54,783.04

28,240.23 27,239.35 27,621.82

2,244.67 755.16 679.00
810.67 -1,496.20 684.96
5,350.58 5,380.73 4,870.26
3,301.42 3,881.40 4,015.44
12,093.21 11,264.36 12,148.06
1,014.20 948.18 924.99
53,054.98 47,972.98 50,944.53
5,694.11 3,838.51
-431.60 2,080.24
7,340.68 6,125.71 1,758.27

1,465.18 1,244.29 358.04

608.80 132.50 -17.42
0.00 0.00 0.00
2,073.98 1,376.79 340.62
5,266.70 4,748.92 1,417.65

8.55 -5.57 -6.88

54.58 8.70 -28.00
-13.74 -3.04 9.78
49.39 0.09 -25.10
5,316.09 4,749.01 1,392.55

5.24 4.73 1.41

5.24 4.73 1.41
Values in INR Mn
March 31, 2022
Balance Sheet
ASSETS
Non-current assets
Property, plant and equipment 19,527.89
YOY% -7%
Capital work-in-progress 416.82
YOY% 82%
Intangible assets 171.11
YOY% -25%
Right-of-use assets 87.20
YOY% -34%
Intangible assets under development 39.45
YOY% 93%
Equity investment in subsidiaries 12,677.11
YOY% 1%
Financial assets
- Investments 1,696.66
YOY% 11%
- Loans 16.46
YOY% 766%
- Other financial assets 601.67
YOY% 265%
Non-current tax assets 377.90
YOY% 0%
Other non-current assets 264.87
YOY% 127%
Total non-current assets 35,877.14
YOY% -1%
Current assets
Inventories 10,697.68
YOY% 0%
Financial assets
- Investments 4,587.93
YOY% 15612%
- Trade receivables 8,042.65
YOY% 7%
- Cash and cash equivalents 750.94
YOY% -58%
- Bank balances other than cash and cash equivalents above 47.68
YOY% -90%
- Loans 3.46
YOY% -23%
- Other financial assets 1,255.38
YOY% -54%
Other current assets 643.54
YOY% -56%
Total current assets 26,029.26
YOY% 6%
Total assets 61,906.40
YOY% 2%
EQUITY AND LIABILITIES
Equity
Equity Share Capital 988.06
YOY% -2%
Other equity
- Reserves and surplus 33,737.12
YOY% 4%
- Other reserves 26.28
YOY% 248%
Total equity 34,751.46
YOY% 4%
LIABILITIES
Non-current liabilities
Financial Liabilities
- Borrowings 1,465.69
YOY% -44%
- Lease liabilities 65.27
YOY% -30%
- Other financial liabilities 2,200.76
YOY% 2%
Non-current tax liabilities 2,977.58
YOY% 16%
Deferred tax liabilities (Net) 810.23
YOY% 29%
Other non-current liabilities 7,518.97
YOY% -7%
Total non-current liabilities 15,038.50
YOY% -7%
Current liabilities
Financial Liabilities
- Borrowings 11,612.16
YOY% 2%
- Lease liabilities 34.13
YOY% -35%
- Trade payables 0.00
(a) Total outstanding dues of micro enterprises and small
enterprises 418.65
YOY% 26%
(b) Total outstanding dues of creditors other than micro 5,278.84
enterprises and small enterprises
YOY% -13%
- Other financial liabilities 215.03
YOY% -26%
Provisions 537.19
YOY% #DIV/0!
Employee benefit obligations 1,045.98
YOY% 11%
Other current liabilities 493.43
YOY% -8%
Total current liabilities 19,635.41
YOY% 1%
Total liabilities 27,154.38
YOY% -2%
Total equity and liabilities 61,905.84
YOY% 1%
Summary of significant accounting policies
The accompanying notes are an integral part of these financial
statements

P&L Statement

Income
Revenue from operations 67,034.68
YOY% 13%
Other Income 860.60
YOY% 3%
Total income 67,895.28
YOY% 12%
Expenses
Cost of materials consumed 35,142.19
YOY% 24%
Purchases of stock-in-trade 3,811.14
YOY% 70%
Changes in inventory of finished goods, work-in-progress and
-310.65
stock in-trade
YOY% -138%
Employee benefits expense 5,505.50
YOY% 3%
Depreciation and amortization expense 2,760.91
YOY% -16%
Other expenses 13,979.19
YOY% 16%
Finance costs 813.28
YOY% -20%
Total expenses 61,701.56
YOY% 16%
Profit before exceptional items and tax
YOY% #DIV/0!
Exceptional Items-(Income)/ Expense
YOY% #DIV/0!
Profit before tax 6,193.72
YOY% -16%
Income tax expense
- Current Tax 1,868.61
YOY% 28%
- Deferred Tax 265.86
YOY% -56%
- Deferred Tax charges related to earlier years 137.95
YOY% #DIV/0!
Total Income Tax Expense 2,272.42
YOY% 10%
Profit for the year 3,921.30
YOY% -26%
Other Comprehensive Income
Items that will not be reclassified to profit or loss
Change in fair value of FVOCI equity instruments Gain/(Loss) 18.73
YOY% 119%
Remeasurement of post employment benefit obligation 16.22
Gain/(Loss)
YOY% -70%
Income tax effect -4.08
YOY% -70%
Other comprehensive income/(loss) for the year, net of tax 30.87
YOY% -37%
Total Comprehensive Income for the year 3,952.17
YOY% -26%
Earnings Per Share (Rs.) [Nominal value per share : Re. 1

- Basic 3.95
YOY% -25%
- Diluted 3.95
YOY% -25%
Summary of significant accounting policies 2
The accompanying notes are an integral part of these financial
statements
March 31, 2021 March 31, 2020 March 31, 2019

20,971.96 23,044.95 25,740.05

-9% -10%
229.25 220.67 272.95
4% -19%
229.06 419.89 508.58
-45% -17%
132.51 144.22 0.00
-8% #DIV/0!
20.39 16.34 13.58
25% 20%
12,552.52 9,044.79 8,442.06
39% 7%

1,531.37 2,238.42 2,202.58

-32% 2%
1.90 0.67 0.06
184% 1017%
164.80 885.74 329.93
-81% 168%
377.90 571.29 396.19
-34% 44%
116.52 181.27 295.21
-36% -39%
36,328.18 36,768.25 38,201.19
-1% -4%

10,720.82 10,564.19 8,924.65

1% 18%

29.20 2,218.26 146.06

 -99% 1419%
7,488.10 7,542.50 8,459.22
-1% -11%
1,768.82 612.40 725.19
189% -16%
466.07 184.31 99.53
153% 85%
4.50 97.83 1.46
-95% 6601%
2,720.51 2,697.23 4,253.62
1% -37%
1,451.54 1,527.27 1,827.91
-5% -16%
24,649.56 25,443.99 24,437.64
-3% 4%
60,977.74 62,212.24 62,638.83
-2% -1%

1,004.73 1,004.73 1,004.73

0% 0%

32,374.09 27,066.55 23,886.60

20% 13%
7.55 -1.00 4.57
-855% -122%
33,386.37 28,070.28 24,895.90
19% 13%

2,608.48 7,666.77 12,500.50

-66% -39%
93.19 104.26 0.00
-11% #DIV/0!
2,159.86 33.75 34.23
6300% -1%
 2,569.69 1,517.35 1,323.85
69% 15%
628.85 1,947.15 1,811.61
-68% 7%
8,122.99 676.16 830.37
1101% -19%
16,183.06 11,945.44 16,500.56
35% -28%

11,335.53 12,362.72 9,994.89

-8% 24%
52.29 44.72 0.00
17% #DIV/0!
0.00
332.55 84.43 34.67
294% 144%
6,042.29 5,740.97 5,586.40
5% 3%
290.89 3,019.51 3,171.56
-90% -5%
0.00 0.00 1,555.99
#DIV/0! -100%
942.55 702.58 619.93
34% 13%
535.20 241.59 278.93
122% -13%
19,531.30 22,196.52 21,242.37
-12% 4%
27,654.29 34,141.96 37,742.93
-19% -10%
61,040.66 62,212.24 62,638.83
-2% -1%
59,563.46 53,235.69 53,952.64
12% -1%
832.20 431.40 830.4
93% -48%
60,395.66 53,667.09 54,783.04
13% -2%

28,240.23 27,239.35 27,621.82

4% -1%
2,244.67 755.16 679
197% 11%
810.67 -1,496.20 684.96
-154% -318%
5,350.58 5,380.73 4,870.26
-1% 10%
3,301.42 3,881.40 4,015.44
-15% -3%
12,093.21 11,264.36 12,148.06
7% -7%
1,014.20 948.18 924.99
7% 3%
53,054.98 47,972.98 50,944.53
11% -6%
5,694.11 3,838.51
-100% 48%
-431.60 2,080.24
-100% -121%
7,340.68 6,125.71 1,758.27
20% 248%
1,465.18 1,244.29 358.04
18% 248%
608.80 132.50 -17.42
359% -861%
0.00 0.00 0
#DIV/0! #DIV/0!
2,073.98 1,376.79 340.62
51% 304%
5,266.70 4,748.92 1,417.65
11% 235%

8.55 -5.57 -6.88

-254% -19%
54.58 8.70 -28
527% -131%
-13.74 -3.04 9.78
352% -131%
49.39 0.09 -25.10
54778% -100%
5,316.09 4,749.01 1,392.55
12% 241%

5.24 4.73 1.41

11% 235%
5.24 4.73 1.41
11% 235%
Values in INR Mn Common Sizing
FY 22
Balance Sheet
ASSETS
Non-current assets
Property, plant and equipment
Capital work-in-progress
Intangible assets
Right-of-use assets
Intangible assets under development
Equity investment in subsidiaries
Financial assets
- Investments
- Loans
- Other financial assets
Non-current tax assets
Other non-current assets
Total non-current assets
Current assets
Inventories
Financial assets
- Investments
- Trade receivables
- Cash and cash equivalents
- Bank balances other than cash and cash equivalents above
- Loans
- Other financial assets
Other current assets
Total current assets
Total assets
EQUITY AND LIABILITIES
Equity
Equity Share Capital
Other equity
- Reserves and surplus
- Other reserves
Total equity
LIABILITIES
Non-current liabilities
Financial Liabilities
- Borrowings
- Lease liabilities
- Other financial liabilities
Non-current tax liabilities
Deferred tax liabilities (Net)
Other non-current liabilities
Total non-current liabilities
Current liabilities
Financial Liabilities
- Borrowings
- Lease liabilities
- Trade payables
(a) Total outstanding dues of micro enterprises and small
enterprises
(b) Total outstanding dues of creditors other than micro
enterprises and small enterprises
- Other financial liabilities
Provisions
Employee benefit obligations
Other current liabilities
Total current liabilities
Total liabilities
Total equity and liabilities
Summary of significant accounting policies
The accompanying notes are an integral part of these financial
statements

P&L Statement

Income
Revenue from operations 0.99
Other Income 0.01
Total income 1.00
Expenses
Cost of materials consumed 0.52
Purchases of stock-in-trade 0.06
Changes in inventory of finished goods, work-in-progress and
stock in-trade 0.00
Employee benefits expense 0.08
Depreciation and amortization expense 0.04
Other expenses 0.21
Finance costs 0.01
Total expenses 0.91
Profit before exceptional items and tax 0.00
Exceptional Items-(Income)/ Expense 0.00
Profit before tax 0.09
Income tax expense
- Current Tax 0.03
- Deferred Tax 0.00
- Deferred Tax charges related to earlier years 0.00
Total Income Tax Expense 0.03
Profit for the year 0.06
Other Comprehensive Income
Items that will not be reclassified to profit or loss
Change in fair value of FVOCI equity instruments Gain/(Loss)
Remeasurement of post employment benefit obligation
Gain/(Loss)
Income tax effect
Other comprehensive income/(loss) for the year, net of tax
Total Comprehensive Income for the year
Earnings Per Share (Rs.) [Nominal value per share : Re. 1

- Basic
- Diluted
Summary of significant accounting policies 2
The accompanying notes are an integral part of these financial
statements
 Common Sizing
March 31, 2022 FY 21 March 31, 2021

19,527.89 20,971.96
416.82 229.25
171.11 229.06
87.20 132.51
39.45 20.39
12,677.11 12,552.52

1,696.66 1,531.37
16.46 1.90
601.67 164.80
377.90 377.90
264.87 116.52
35,877.14 36,328.18

10,697.68 10,720.82

4,587.93 29.20
8,042.65 7,488.10
750.94 1,768.82
47.68 466.07
3.46 4.50
1,255.38 2,720.51
643.54 1,451.54
26,029.26 24,649.56
61,906.40 60,977.74

988.06 1,004.73
33,737.12 32,374.09
26.28 7.55
34,751.46 33,386.37

1,465.69 2,608.48
65.27 93.19
2,200.76 2,159.86
2,977.58 2,569.69
810.23 628.85
7,519.53 8,060.07
15,039.06 16,120.14

11,612.16 11,335.53
34.13 52.29
0.00 0.00
418.65 332.55

5,278.84 6,042.29
215.03 290.89
537.19 0.00
1,045.98 942.55
493.43 535.20
19,635.41 19,531.30
27,154.94 27,591.37
61,906.40 60,977.74
67,034.68 0.99 59,563.46
860.60 0.01 832.20
67,895.28 1.00 60,395.66

35,142.19 0.47 28,240.23

3,811.14 0.04 2,244.67
-310.65 0.01 810.67
5,505.50 0.09 5,350.58
2,760.91 0.05 3,301.42
13,979.19 0.20 12,093.21
813.28 0.02 1,014.20
61,701.56 0.88 53,054.98
0.00
0.00
6,193.72 0.12 7,340.68

1,868.61 0.02 1,465.18

265.86 0.01 608.80
137.95 0.00 0.00
2,272.42 0.03 2,073.98
3,921.30 0.09 5,266.70

18.73 8.55
16.22 54.58
-4.08 -13.74
30.87 49.39
3,952.17 5,316.09

3.95 5.24
3.95 5.24
Common Sizing Common Sizing
FY 20 March 31, 2020 FY 19

23,044.95
220.67
419.89
144.22
16.34
9,044.79

2,238.42
0.67
885.74
571.29
181.27
36,768.25

10,564.19

2,218.26
7,542.50
612.40
184.31
97.83
2,697.23
1,527.27
25,443.99
62,212.24

1,004.73
27,066.55
-1.00
28,070.28

7,666.77
104.26
33.75
1,517.35
1,947.15
676.16
11,945.44

12,362.72
44.72

84.43

5,740.97
3,019.51
0.00
702.58
241.59
22,196.52
34,141.96
62,212.24
0.99 53,235.69 0.98
0.01 431.40 0.02
1.00 53,667.09 1.00

0.51 27,239.35 0.50

0.01 755.16 0.01
-0.03 -1,496.20 0.01
0.10 5,380.73 0.09
0.07 3,881.40 0.07
0.21 11,264.36 0.22
0.02 948.18 0.02
0.89 47,972.98 0.93
0.11 5,694.11 0.07
-0.01 -431.60 0.04
0.11 6,125.71 0.03

0.02 1,244.29 0.01

0.00 132.50 0.00
0.00 0.00 0.00
0.03 1,376.79 0.01
0.09 4,748.92 0.03

-5.57
8.70
-3.04
0.09
4,749.01

4.73
4.73
March 31, 2019

25,740.05
272.95
508.58
0.00
13.58
8,442.06

2,202.58
0.06
329.93
396.19
295.21
38,201.19

8,924.65

146.06
8,459.22
725.19
99.53
1.46
4,253.62
1,827.91
24,437.64
62,638.83

1,004.73
23,886.60
4.57
24,895.90

12,500.50
0.00
34.23
1,323.85
1,811.61
830.37
16,500.56

9,994.89
0.00

34.67

5,586.40
3,171.56
1,555.99
619.93
278.93
21,242.37
37,742.93
62,638.83
53,952.64
830.40
54,783.04

27,621.82
679.00
684.96
4,870.26
4,015.44
12,148.06
924.99
50,944.53
3,838.51
2,080.24
1,758.27

358.04
-17.42
0.00
340.62
1,417.65

-6.88
-28.00
9.78
-25.10
1,392.55

1.41
1.41
Values in INR Mn
March 31, 2022
Balance Sheet
ASSETS
Non-current assets
Property, plant and equipment 19527.89
Capital work-in-progress 416.82
Intangible assets 171.11
Right-of-use assets 87.20
Intangible assets under development 39.45
Equity investment in subsidiaries 12677.11
Financial assets
- Investments 1696.66
- Loans 16.46
- Other financial assets 601.67
Non-current tax assets 377.90
Other non-current assets 264.87
Total non-current assets 35877.14
Current assets
Inventories 10697.68
Financial assets
- Investments 4587.93
- Trade receivables 8042.65
- Cash and cash equivalents 750.94
- Bank balances other than cash and cash equivalents above 47.68
- Loans 3.46
- Other financial assets 1255.38
Other current assets 643.54
Total current assets 26029.26
Total assets 61906.40
EQUITY AND LIABILITIES
Equity
Equity Share Capital 988.06
Other equity
- Reserves and surplus 33737.12
- Other reserves 26.28
Total equity 34751.46
LIABILITIES
Non-current liabilities
Financial Liabilities
- Borrowings 1465.69
- Lease liabilities 65.27
- Other financial liabilities 2200.76
Non-current tax liabilities 2977.58
Deferred tax liabilities (Net) 810.23
Other non-current liabilities 7519.53
Total non-current liabilities 15039.06
Current liabilities
Financial Liabilities
- Borrowings 11612.16
- Lease liabilities 34.13
- Trade payables 0.00
(a) Total outstanding dues of micro enterprises and small 418.65
enterprises
(b) Total outstanding dues of creditors other than micro
enterprises and small enterprises 5278.84
- Other financial liabilities 215.03
Provisions 537.19
Employee benefit obligations 1045.98
Other current liabilities 493.43
Total current liabilities 19635.41
Total liabilities 27154.94
Total equity and liabilities 61906.40
Summary of significant accounting policies
The accompanying notes are an integral part of these financial
statements

P&L Statement

Income
Revenue from operations 67034.68
Other Income 860.60
Total income 67895.28
Expenses
Cost of materials consumed 35142.19
Purchases of stock-in-trade 3811.14
Changes in inventory of finished goods, work-in-progress and stock
in-trade -310.65
Employee benefits expense 5505.50
Depreciation and amortization expense 2760.91
Other expenses 13979.19
Finance costs 813.28
Total expenses 61701.56
Profit before exceptional items and tax
Exceptional Items-(Income)/ Expense
Profit before tax 6193.72
Income tax expense
- Current Tax 1868.61
- Deferred Tax 265.86
- Deferred Tax charges related to earlier years 137.95
Total Income Tax Expense 2272.42
Profit for the year 3921.30
Other Comprehensive Income
Items that will not be reclassified to profit or loss
Change in fair value of FVOCI equity instruments Gain/(Loss) 18.73
Remeasurement of post employment benefit obligation 16.22
Gain/(Loss)
Income tax effect -4.08
Other comprehensive income/(loss) for the year, net of tax 30.87
Total Comprehensive Income for the year 3952.17
Earnings Per Share (Rs.) [Nominal value per share : Re. 1

- Basic 3.95
- Diluted 3.95
Summary of significant accounting policies 2
The accompanying notes are an integral part of these financial
statements
Liquidity Ratio
Current Ratio= (Current Assets/Current Liabilities) 1.33
Quick Ratio= (Current Asset – Inventory)/Current Liabilities 0.78

Profitability Ratios
Operating profit Ratio= (Operating profit/Total Income)*100 7.92
Net Profit Ratio= (Profit after tax for the year/Total Income)*100 5.78
Return on Total Assets= (Profit After Tax/Avg Total Assets)*100 6.38
Return on Equity Ratio= (Profit After Tax/Avg Shareholders' Fund
(Equity + Other Equity))*100 11.51

Solvency Ratios
Debt Equity ratio= (Long Term + Short Term
Borrowings)/Shareholders' Fund 38%
Interest Cover Ratio = (Operating Profit /Finance Cost) 6.62

Debt to Total Asset Ratio= (Long Term + Short Term Borrowings)/

Total Assets 21%

Market Ratio
Earnings Per Share= PAT/Average Equity Shares (Rs) 4.00
Book Value of the Share= Net Worth/Number of shares 35.17
PE Ratio= Market Price/EPS 22.71

Average Equity Shares

Net Worth (Rs Million) 34751.46
Number of Shares 988058484
Market Price (Rs) 90.85
It compares a Company’s current assets (i.e, Cash, Inventory and
Receivables) to its current liabilities (I.e., Debt and Other
Payables).This helps to understand about the capability of
organization to cover short term debt by its current assets.

In WSP financials, current ratio from 2019 to 2022 has shown a

trend of increase from 1.15 to 1.26 and 1.33 in 2022. In this case it
is observed that Current Ratio has increased which indicates
Current Liabilities wrt to Current Assets have decreased YOY,
indicating a better liquidity situation wrt previous years. This
means if all current liabilities were immediately due, WSP could
pay all of the outstanding payables without impacting long term
assets.

If the ratio would have been less than 1, it will create red flags as
the company may not be able to pay off short term liabilities with
the available current assets. This may necessitate to take loans for
paying off liabilities. This may also indicate that the company has
been able to negotiate a longer than standard payment terms.
I the ratio is more than 1 and less than 2, it indicates a healthy
Current Ratio where the suppliers/creditors are assured to get
their dues paid by the company on time.
If the ratio is too high, it may indicate inefficient use of current
assets or short-term financing.
The shortcoming of current ratio is the underlying agreement of
different companies of duration of credit period. Another
drawback is that the ratio uses all of Company’s current assets
even if all of them are not easily liquefiable like overstocked
inventory.
Quick Ratio= Indicates Company’s short term liquidity capability
and indicates how the most easy liquifiable assets can be utilised
to fulfil short term obligations.
It is the ratio of Cash & Equivalents, Short Term Investments and
Accounts Receivable to Current Liabilities.
It indicates a Company’s capability to fulfil current liabilities
without selling its inventory, which may take longer or by
increasing additional financing. Higher ratio implies better liquidity
condition and lower value gives a red flag as it may be difficult to
pay off current debts.

In WSP financials, current ratio from 2019 to 2022 has shown a

trend of increase from 0.73 to 0.61 to 0.71 to 0.78. in last 4 years.
In this case it is observed that Quick Ratio while had dipped during
2020, has shown positive trends indicating a YOY increase in
capacity of liquefaction.

Quick ratio of 1 indicates normal as Company can immediately

liquidate enough assets to pay off liabilities.
While Quick ratio provides insights to capability of immediate
liquefaction, it does not provide indications of future cash flows. It
also doesn’t consider long term liabilities which may be due as
early as 12+ 1months from present date.
Operating Profit Ratio= Indicates Company’s profit wrt sales or
income being made.
It is the ratio of earnings to revenue of a Company. It is computed
by subtracting Finance Cost from Profit Before Tax wrt Total
Income.
It indicates a Company’s capability of how efficiently production is
being managed and delivery expenses are being optimised to
maximise profit.

In WSP financials, Operating Profit ratio from 2019 to 2022 varied

from 1.52, 9.65, 10.48 and ended with 7.92 in 2022. This has
shown a trend of great trend of increase from 2019-2021 and then
a dip wrt to previous year.

Higher Ratio indicates a better performance. A YOY high variation

of the ratio indicates volatility in the market and product and risks
associated with investment. However, Operating profit does not
take interest of debts and taxes. Hence while comparing 2
Companies’ results, while Operating Profit may be higher, it may
be paying more to set off the debts.
Operating Profit Ratio can be improved by optimising expenses.
Net Profit Ratio= Indicates Company’s ability to generate profit
after all taxes and expenses are deducted.
It is the key ratio indicating financial wellbeing of a Company.
It indicates a Company’s capability of how a Company is keeping all
costs under control to maximise profit.
In WSP financials, Net Profit Ratio from 2019 to 2022 has shown a
trend of increase from 2.59 to 8.85 and to 8.72 followed by a dip to
5.79 in 2022. In this case it is observed that Net Profit Ratio despite
having positive revenue trends, dipped in recent year due to
increase in expenses.

Higher Ratio indicates a better performance. However, in certain

conditions where there is a one-time expense or an asset sale what
would increase profit, may lead to variations of YOY performance
and necessitate to look at other parameters and ratios to evaluate
the performance.

Return on Total Assets= Indicates Company’s ability to generate

profit after all taxes and expenses are deducted wrt to the assets
deployed.
It is the Net Income vs Total Assets.
In WSP financials, Return on Total Assets from 2019 to 2022 has
shown fluctuations varying from 7.61 to 8.55 followed by a dip to
6.38 in 2022. In this case it is observed that fluctuating Profit After
Tax has resulted in this directly proportional trend.

While higher Ratio indicates a better performance, this may be

initial investments on PPE which has a potential to generate more
returns by lowering future costs and improving margins. Ideally,
the higher YOY value indicates stabilisation and efficiency of the
assets being used for production.
Return on Equity Ratio= Indicates Company’s ability to generate
returns on equity investments.
It is the Net Income vs Shareholders’ equity.
In WSP financials, Return on Equity Ratio from 2019 to 2022 has
shown a negative trend varying from 17.92 to 17.14 followed by
11.51. In this case it is observed that fluctuating Profit After Tax
and mean of Shareholders’ equity has resulted in this negative
trend. Balance Sheet also indicates that Shareholders’ equity has
increased over years and borrowings have been brought down
resulting in the negative trend.
While in general higher Ratio indicates a better performance as
dependency on debt reduces as Company will have ability to
generate cash.

Debt to Equity Ratio= Used to assess Company’s financial leverage.

It is deduced by dividing Company’s Total Borrowings by
Shareholder’s equity.
In WSP financials, Debt to Equity Ratio from 2019 to 2022 has
shown a reduction in trend varying from 90% to 71% to 42% finally
followed by 38%. In this case it is observed that reduction of Debt
to Equity Ratio has been healthy as debt taking capacity has been
increased in last 4 years. Balance Sheet also indicates that
Shareholders’ equity has increased over years and borrowings
have been brought down resulting in the negative trend and
positive outlook.
Debt to Equity Ratio gives an indication of how much a Company is
dependent on debt. Debt to Equity Ratio varies across sectors. It is
ideal to have a lower value for long term investors as higher value
indicates higher risk.
If the debt taken results in higher percentage of return, this results
in increase in net profit. Otherwise, this results in unprofitable
circumstances.
Interest Cover Ratio= It is a debt and profitability ratio which is
used to assess how seamlessly a Company can pay interest on its
outstanding debt.
It is deduced by dividing Company’s Earnings before Tax and
Interest (EBIT) by Value of Interest.

In WSP financials, Interest Cover Ratio from 2019 to 2022 has

shown a positive trend varying from 0.9 to 5.46 to 6.24 and finally
followed by 6.62. The positive trend indicates healthy Interest
Cover Ratio indicating Company’s financial position to pay off
interest on its outstanding debt. Balance Sheet also indicates that
Shareholders’ equity has increased over years and borrowings
have been brought down wrt Operating Profit resulting in the
positive trend.
It is good to have higher Interest Cover Ratio.

Debt to Total Asset Ratio= This is used to assess the degree to

which a Company has used debt to finance its assets.
Aka Total Debt Ratio is deduced by dividing Company’s Total
Amount of Debt by Total Amount of Assets.

In WSP financials, Debt to Total Asset Ratio from 2019 to 2022 has
shown a negative trend varying from 36% to 32% to 23% and
finally followed by 21%. This indicates, borrowings compared to
total asset valuation has decreased over years, which is a positive
outlook.
Higher the ratio, more the financial leverage the company operates
with. This also implies more interest to be paid to creditors which
may turn out to be a risky long-term parameter. Debt payments
will have to be paid irrespective of revenue. In an economic
downturn, a company with higher Debt to Asset Ratio will have
greater risk compared to the one with lower debt. Higher debt also
implies less flexibility to obtain future financing.
Working on individual Ratios

Current Ratio= (Current Assets/Current Liabilities)

1.35 1.33

1.30
1.26 100%
1.25 90%
80%
1.20 70%
1.15 1.15 60%
1.15 50%
40%
1.10
30%
20%
1.05
March 31, 2022 March 31, 2021 March 31, 2020 March 31, 2019 10%
0%
Current Ratio= (Current Assets/Current Liabilities) Ma

Quick Ratio= (Current Asset – Inventory)/Current

Liabilities In
0.80 0.78
0.78 7.00
0.76 6.00
0.74 0.73
0.72 0.71 5.00
0.70 4.00
0.68 0.67
0.66 3.00
0.64 2.00
0.62
1.00
0.60
March 31, 2022 March 31, 2021 March 31, 2020 March 31, 2019 0.00
Mar
Quick Ratio= (Current Asset – Inventory)/Current Liabilities

Operating profit Ratio= (Operating profit/Total

Income)*100
12.00 De
10.48
10.00 9.65
7.92 40%
8.00
35%
6.00 30%

4.00 25%
20%
2.00 1.52
15%
0.00
10.00 9.65
7.92 40%
8.00
35%
6.00 30%

4.00 25%
20%
2.00 1.52
15%
0.00 10%
March 31, 2022 March 31, 2021 March 31, 2020 March 31, 2019
5%
Operating profit Ratio= (Operating profit/Total Income)*100 0%
Mar

De
Net Profit Ratio= (Profit after tax for the year/Total
Income)*100
10.00
8.72 8.85
9.00
8.00
7.00
5.78
6.00
5.00
4.00
3.00 2.59
2.00
1.00
0.00
March 31, 2022 March 31, 2021 March 31, 2020 March 31, 2019

Net Profit Ratio= (Profit after tax for the year/Total Income)*100

Return on Total Assets= (Profit After Tax/Avg To-

tal Assets)*100
9.00 8.55
8.00 7.61
7.00 6.38
6.00
5.00
4.00
3.00
2.00
1.00
0.00
March 31, 2022 March 31, 2021 March 31, 2020

Return on Total Assets= (Profit After Tax/Avg Total Assets)*100

Return on Equity Ratio= (Profit After Tax/Avg

Shareholders' Fund (Equity + Other Equity))*100
20.00
17.93
18.00 17.14
16.00
14.00
12.00 11.51
10.00
8.00
6.00
4.00
20.00
17.93
18.00 17.14
16.00
14.00
12.00 11.51
10.00
8.00
6.00
4.00
2.00
0.00
March 31, 2022 March 31, 2021 March 31, 2020

Return on Equity Ratio= (Profit After Tax/Avg Shareholders' Fund (Equity + Other Equity))*100
March 31, 2021 March 31, 2020 March 31, 2019

20971.96 23044.95 25740.05

229.25 220.67 272.95
229.06 419.89 508.58
132.51 144.22 0.00
20.39 16.34 13.58
12552.52 9044.79 8442.06

1531.37 2238.42 2202.58

1.90 0.67 0.06
164.80 885.74 329.93
377.90 571.29 396.19
116.52 181.27 295.21
36328.18 36768.25 38201.19

10720.82 10564.19 8924.65

29.20 2218.26 146.06

7488.10 7542.50 8459.22
1768.82 612.40 725.19
466.07 184.31 99.53
4.50 97.83 1.46
2720.51 2697.23 4253.62
1451.54 1527.27 1827.91
24649.56 25443.99 24437.64
60977.74 62212.24 62638.83

1004.73 1004.73 1004.73

 32374.09 27066.55 23886.60
7.55 -1.00 4.57
33386.37 28070.28 24895.90

2608.48 7666.77 12500.50

93.19 104.26 0.00
2159.86 33.75 34.23
2569.69 1517.35 1323.85
628.85 1947.15 1811.61
8060.07 676.16 830.37
16120.14 11945.44 16500.56

11335.53 12362.72 9994.89

52.29 44.72 0.00
0.00
332.55 84.43 34.67

6042.29 5740.97 5586.40

290.89 3019.51 3171.56
0.00 0.00 1555.99
942.55 702.58 619.93
535.20 241.59 278.93
19531.30 22196.52 21242.37
27591.37 34141.96 37742.93
60977.74 62212.24 62638.83
59563.46 53235.69 53952.64
832.20 431.40 830.40
60395.66 53667.09 54783.04

28240.23 27239.35 27621.82

2244.67 755.16 679.00
810.67 -1496.20 684.96
5350.58 5380.73 4870.26
3301.42 3881.40 4015.44
12093.21 11264.36 12148.06
1014.20 948.18 924.99
53054.98 47972.98 50944.53
5694.11 3838.51
-431.60 2080.24
7340.68 6125.71 1758.27

1465.18 1244.29 358.04

608.80 132.50 -17.42
0.00 0.00 0.00
2073.98 1376.79 340.62
5266.70 4748.92 1417.65

8.55 -5.57 -6.88

54.58 8.70 -28.00
-13.74 -3.04 9.78
49.39 0.09 -25.10
5316.09 4749.01 1392.55

5.24 4.73 1.41

5.24 4.73 1.41
 1.26 1.15 1.15
0.71 0.67 0.73 20.00
18.00
16.00
14.00
12.00
10.48 9.65 1.52

Ratios

7.92
10.00
8.00
8.72 8.85 2.59 6.00
4.00
8.55 7.61 2.00
0.00
Marc
17.14 17.93

Operating profit R
Net Profit Ratio=
Return on Total A
42% 71% 90% Return on Equity R

6.24 5.46 0.90

23% 32% 36%

5.29 4.73 1.39

33.23 27.94 24.78
15.28 4.57 43.04

33386.37 28070.28 24895.90

1004725150 1004725150 1004725150
80.85 21.6 59.65
 Debt Equity ratio= (Long Term + Short Term
Borrowings)/Shareholders' Fund
100% 90%
90%
80% 71%
70%
60%
50% 42%
38%
40%
30%
20%
10%
0%
March 31, 2022 March 31, 2021 March 31, 2020 March 31, 2019

Debt Equity ratio= (Long Term + Short Term Borrowings)/Shareholders' Fund

Interest Cover Ratio = (Operating Profit /Finance

Cost)
7.00 6.62
6.24
6.00 5.46
5.00
4.00
3.00
2.00
0.90
1.00
0.00
March 31, 2022 March 31, 2021 March 31, 2020 March 31, 2019

Interest Cover Ratio = (Operating Profit /Finance Cost)

Debt to Total Asset Ratio= (Long Term + Short Term

Borrowings)/ Total Assets
40%
36%
35% 32%
30%
25% 23%
21%
20%
15%
 Borrowings)/ Total Assets
40%
36%
35% 32%
30%
25% 23%
21%
20%
15%
10%
5%
0%
March 31, 2022 March 31, 2021 March 31, 2020 March 31, 2019

Debt to Total Asset Ratio= (Long Term + Short Term Borrowings)/ Total Assets
 Liquidity Rati os
1.40 1.33 1.26
1.15 1.15
1.20
1.00 0.78
0.80 0.71 0.67 0.73
Ratios

0.60
0.40
0.20
0.00
March 31, 2022 March 31, 2021 March 31, 2020 March 31, 2019
Timeline

Current Ratio= (Current Assets/Current Liabilities)

Quick Ratio= (Current Asset – Inventory)/Current Liabilities
 0.00
March 31, 2022 March 31, 2021 March 31, 2020 March 31, 2019
Timeline

Current Ratio= (Current Assets/Current Liabilities)

Quick Ratio= (Current Asset – Inventory)/Current Liabilities

Profi tability Rati os

17.93
17.14
20.00
18.00
16.00 11.51
14.00
12.00 10.48

9.65
8.85
8.72
8.55
Ratios

7.92

10.00

7.61
6.38
5.78

8.00
6.00

2.59
4.00

1.52
2.00
0.00
March 31, 2022 March 31, 2021 March 31, 2020 March 31, 2019
Timeline

Operating profit Ratio= (Operating profit/Total Income)*100

Net Profit Ratio= (Profit after tax for the year/Total Income)*100
Return on Total Assets= (Profit After Tax/Avg Total Assets)*100
Return on Equity Ratio= (Profit After Tax/Avg Shareholders' Fund (Equity + Other Equity))*100

Solvency Rati os
100% 7.00
90%

6.62
90% 6.24
6.00
80%
71%

5.46
70% 5.00
Interest Cover ratio

60% 4.00
Ratios

50%
42%
38%

36%

40% 3.00
32%
23%

30%
21%

2.00
20%
0.90 1.00
10%
0% 0.00
March 31, 2022 March 31, 2021 March 31, 2020 March 31, 2019
Timeline

Debt Equity ratio= (Long Term + Short Term Borrowings)/Shareholders' Fund

Debt to Total Asset Ratio= (Long Term + Short Term Borrowings)/ Total Assets
Interest Cover Ratio = (Operating Profit /Finance Cost)
Values in INR Mn
March 31, 2022
Balance Sheet
ASSETS
Current assets
Inventories 10697.68
Total current assets 26029.26
Total assets 61906.40
Total equity 34751.46
- Borrowings 1465.69
- Borrowings 11612.16
Total current liabilities 19635.41
Total income 67895.28
Finance costs 813.28
Profit before tax 6193.72
Profit for the year 3921.30
Liquidity Ratio
Current Ratio= (Current Assets/Current Liabilities) 1.33
Quick Ratio= (Current Asset – Inventory)/Current Liabilities 0.78
Profitability Ratios
7.92

Net Profit Ratio= (Profit after tax for the year/Total Income)*100 5.78
Return on Total Assets= (Profit After Tax/Avg Total Assets)*100 6.38
Return on Equity Ratio= (Profit After Tax/Avg Shareholders' Fund
(Equity + Other Equity))*100 11.51
Solvency Ratios
Debt Equity ratio= (Long Term + Short Term
Borrowings)/Shareholders' Fund 38%
Interest Cover Ratio = (Operating Profit /Finance Cost) 6.62
Debt to Total Asset Ratio= (Long Term + Short Term Borrowings)/
Total Assets 21%

Market Ratio
Earnings Per Share= PAT/Average Equity Shares
Book Value of the Share= Net Worth/Number of shares
PE Ratio= Market Price/EPS

Average Equity Shares

Net Worth
Number of Shares
Market Price
March 31, 2021 March 31, 2020 March 31, 2019

10720.82 10564.19 8924.65

24649.56 25443.99 24437.64
60977.74 62212.24 62638.83
33386.37 28070.28 24895.90
2608.48 7666.77 12500.50
11335.53 12362.72 9994.89
19531.30 22196.52 21242.37
60395.66 53667.09 54783.04
1014.20 948.18 924.99
7340.68 6125.71 1758.27
5266.70 4748.92 1417.65

1.26 1.15 1.15

0.71 0.67 0.73

10.48 9.65 1.52

8.72 8.85 2.59

8.55 7.61

17.14 17.93

42% 71% 90%

6.24 5.46 0.90

23% 32% 36%

 Current Assets )
Current Ratio=
Current Liabilities

Current Asset – Inventory )

Quick Ratio=
Current Liabilities

Operating Profit*100
Operating Profit ratio =
Total Income

Profit after tax for the year*100

Net Profit Ratio =
Total Income

Return on Total Assets = Profit after tax for the year*100

Avg Total Assets

Return on Total Assets = Profit after tax for the year*100

Avg Total Assets

Profit After Tax*100 0

Return on Equity Ratio =
Avg Shareholders' Fund (i.e.,Equity + Other Equity)
(Long Term + Short Term Borrowings)*100
Debt Equity ratio=
Shareholders' Fund

Interest Cover Ratio = Operating Profit

Finance Cost

Debt to Total Asset Ratio= (Long Term + Short Term Borrowings)

Total Assets
Values in INR Mn
Balance Sheet
ASSETS
Non-current assets
Property, plant and equipment
Capital work-in-progress
Intangible assets
Right-of-use assets
Intangible assets under development
Equity investment in subsidiaries
Financial assets
- Investments
- Loans
- Other financial assets
Non-current tax assets
Other non-current assets
Total non-current assets
Current assets
Inventories
Financial assets
- Investments
- Trade receivables
- Cash and cash equivalents
- Bank balances other than cash and cash equivalents above
- Loans
- Other financial assets
Other current assets
Total current assets
Total assets
EQUITY AND LIABILITIES
Equity
Equity Share Capital
Other equity
- Reserves and surplus
- Other reserves
Total equity
LIABILITIES
Non-current liabilities
Financial Liabilities
- Borrowings
- Lease liabilities
- Other financial liabilities
Non-current tax liabilities
Deferred tax liabilities (Net)
Other non-current liabilities
Total non-current liabilities
Current liabilities
Financial Liabilities
- Borrowings
- Lease liabilities
- Trade payables
(a) Total outstanding dues of micro enterprises and small
enterprises
(b) Total outstanding dues of creditors other than micro
enterprises and small enterprises
- Other financial liabilities
Provisions
Employee benefit obligations
Other current liabilities
Total current liabilities
Total liabilities
Total equity and liabilities
Summary of significant accounting policies
The accompanying notes are an integral part of these financial
statements

P&L Statement

Income
Revenue from operations
Other Income
Total income
Expenses
Cost of materials consumed
Purchases of stock-in-trade
Changes in inventory of finished goods, work-in-progress and
stock in-trade
Employee benefits expense
Depreciation and amortization expense
Other expenses
Finance costs
Total expenses
Profit before exceptional items and tax
Exceptional Items-(Income)/ Expense
Profit before tax
Income tax expense
- Current Tax
- Deferred Tax
- Deferred Tax charges related to earlier years
Total Income Tax Expense
Profit for the year
Other Comprehensive Income
Items that will not be reclassified to profit or loss
Change in fair value of FVOCI equity instruments Gain/(Loss)
Remeasurement of post employment benefit obligation
Gain/(Loss)
Income tax effect
Other comprehensive income/(loss) for the year, net of tax
Total Comprehensive Income for the year
Earnings Per Share (Rs.) [Nominal value per share : Re. 1

- Basic
- Diluted
Summary of significant accounting policies 2
The accompanying notes are an integral part of these financial
statements
Liquidity Ratio
Current Ratio= (Current Assets/Current Liabilities)
Quick Ratio= (Current Asset – Inventory)/Current Liabilities

Profitability Ratios

Net Profit Ratio= (Profit after tax for the year/Total Income)*100
Return on Total Assets= (Profit After Tax/Avg Total Assets)*100
Return on Equity Ratio= (Profit After Tax/Avg Shareholders' Fund
(Equity + Other Equity))*100

Solvency Ratios
Debt Equity ratio= (Long Term + Short Term
Borrowings)/Shareholders' Fund
If No Borrowings, Debt Equity ratio= (Total Liabilities)/(Equity +
Other Equity)
Interest Cover Ratio = (Operating Profit /Finance Cost)

Debt to Total Asset Ratio= (Long Term + Short Term Borrowings)/

Total Assets
March 31, 2022 March 31, 2021 March 31, 2020

19527.89 20971.96 23044.95

416.82 229.25 220.67
171.11 229.06 419.89
87.20 132.51 144.22
39.45 20.39 16.34
12677.11 12552.52 9044.79

1696.66 1531.37 2238.42

16.46 1.90 0.67
601.67 164.80 885.74
377.90 377.90 571.29
264.87 116.52 181.27
35877.14 36328.18 36768.25

10697.68 10720.82 10564.19

4587.93 29.20 2218.26

8042.65 7488.10 7542.50
750.94 1768.82 612.40
47.68 466.07 184.31
3.46 4.50 97.83
1255.38 2720.51 2697.23
643.54 1451.54 1527.27
26029.26 24649.56 25443.99
61906.40 60977.74 62212.24

988.06 1004.73 1004.73

33737.12 32374.09 27066.55

 26.28 7.55 -1.00
34751.46 33386.37 28070.28

1465.69 2608.48 7666.77

65.27 93.19 104.26
2200.76 2159.86 33.75
2977.58 2569.69 1517.35
810.23 628.85 1947.15
7519.53 8060.07 676.16
15039.06 16120.14 11945.44

11612.16 11335.53 12362.72

34.13 52.29 44.72
0.00 0.00
418.65 332.55 84.43

5278.84 6042.29 5740.97

215.03 290.89 3019.51
537.19 0.00 0.00
1045.98 942.55 702.58
493.43 535.20 241.59
19635.41 19531.30 22196.52
27154.94 27591.37 34141.96
61906.40 60977.74 62212.24

67034.68 59563.46 53235.69

 860.60 832.20 431.40
67895.28 60395.66 53667.09

35142.19 28240.23 27239.35

3811.14 2244.67 755.16
-310.65 810.67 -1496.20
5505.50 5350.58 5380.73
2760.91 3301.42 3881.40
13979.19 12093.21 11264.36
813.28 1014.20 948.18
61701.56 53054.98 47972.98
5694.11
-431.60
6193.72 7340.68 6125.71

1868.61 1465.18 1244.29

265.86 608.80 132.50
137.95 0.00 0.00
2272.42 2073.98 1376.79
3921.30 5266.70 4748.92

18.73 8.55 -5.57

16.22 54.58 8.70
-4.08 -13.74 -3.04
30.87 49.39 0.09
3952.17 5316.09 4749.01

3.95 5.24 4.73

3.95 5.24 4.73
 1.33 1.26 1.15
0.78 0.71 0.67

7.92 10.48 9.65

5.78 8.72 8.85

6.38 8.55 7.61

11.51 17.14 17.93

38% 42% 71%

NA NA NA
6.62 6.24 5.46

21% 23% 32%

March 31, 2019

25740.05
272.95
508.58
0.00
13.58
8442.06

2202.58
0.06
329.93
396.19
295.21
38201.19

8924.65

146.06
8459.22
725.19
99.53
1.46
4253.62
1827.91
24437.64
62638.83

1004.73

23886.60
 4.57
24895.90

12500.50
0.00
34.23
1323.85
1811.61
830.37
16500.56

9994.89
0.00

34.67

5586.40
3171.56
1555.99
619.93
278.93
21242.37
37742.93
62638.83

53952.64
 830.40
54783.04

27621.82
679.00
684.96
4870.26
4015.44
12148.06
924.99
50944.53
3838.51
2080.24
1758.27

358.04
-17.42
0.00
340.62
1417.65

-6.88
-28.00
9.78
-25.10
1392.55

1.41
1.41
1.15
0.73

1.52

2.59

90%

NA
0.90

36%
WSP Financials (Values in Rs. Mn) March 31, 2022 March 31, 2021
Inventories 10697.68 10720.82
Total current assets 26029.26 24649.56
Total assets 61906.40 60977.74
Total equity 34751.46 33386.37
- Non Current Borrowings 1465.69 2608.48
- Current Borrowings 11612.16 11335.53
Total current liabilities 19635.41 19531.30
Total income 67895.28 60395.66
Finance costs 813.28 1014.20
Profit before tax 6193.72 7340.68
Profit for the year 3921.30 5266.70
Liquidity Ratio
Current Ratio= (Current Assets/Current 1.33 1.26
Liabilities)
Quick Ratio= (Current Asset – 0.78 0.71
Inventory)/Current Liabilities
Profitability Ratios
Operating profit Ratio= (Operating 7.92 10.48
profit/Total Income)*100
Net Profit Ratio= (Profit after tax for the 5.78 8.72
year/Total Income)*100
Return on Total Assets= (Profit After 6.38 8.55
Tax/Avg Total Assets)*100
Return on Equity Ratio= (Profit After
Tax/Avg Shareholders' Fund (Equity + Other 11.51 17.14
Equity))*100
Solvency Ratios
Debt Equity ratio= (Long Term + Short Term
Borrowings)/Shareholders' Fund 38% 42%
Interest Cover Ratio = (Operating Profit
/Finance Cost) 6.62 6.24
Debt to Total Asset Ratio= (Long Term +
Short Term Borrowings)/ Total Assets 21% 23%
March 31, 2020 March 31, 2019
10564.19 8924.65
25443.99 24437.64
62212.24 62638.83
28070.28 24895.90
7666.77 12500.50
12362.72 9994.89
22196.52 21242.37
53667.09 54783.04
948.18 924.99
6125.71 1758.27
4748.92 1417.65

1.15 1.15

0.67 0.73

9.65 1.52

8.85 2.59

7.61

17.93

71% 90%

5.46 0.90

32% 36%