COMPANY NAME:- CIPLA LTD.

INCOME AND EXPENSES STATEMENT

PARTICULARS 2018
1) INCOME Actual
a) Revenue from operations.
i) Revenue from sale of the product 14750.86
ii) Other operating revenue 468.39
Total revenue from operations 15219.25
b) Other Income 357.65
2) Total Income (a+b) 15576.9
3) Expenses
a) Cost of material consumed 4497.16
b) Stock- in- trade 1174.2

(c) Changes in inventories of finished goods, work-in-progress and

stock-in-trade -232.94
(d) Employee benefits expense 2690.1
(e) Finance costs 114.23
(f) Depreciation, impairment and amortisation expense 1322.82
(g) Other expenses 4264.35
Total Expenses 13829.92
(4) Profit before exceptional items and tax (2-3) 1746.98
(5) Exceptional item 77.52
(6) Profit before tax (4+5) 1669.46
(7) Tax expense (net)
(a) Current tax 561.06
(b) Deferred tax -310.95
Total tax expense 250.11
(8) Profit after tax before share of profit/(loss) from associates (6-7) 1419.35
9) Share of profit/(loss) from associates -2.78
(10)Profit for the year (8+9) 1416.57
(11) Other comprehensive income/(loss)
(a) (i) Items that will not be reclassified to profit or loss 28.41
(ii) Income tax relating to these items -4.11

(b) (i) Items that will be reclassified to profit or loss 382.73

(ii) Income tax relating to these items -13.5
Other comprehensive income/(loss) for the year 393.53
(12)Total comprehensive income for the year (10+11) 1810.1
(13)Profit for the year attributable to
(a) Owners 1410.53
(b) Non-controlling interest 6.04
(14)Total comprehensive income attributable to
(a) Owners 1764.52
(b) Non-controlling interest 45.58
(15)Earnings per equity share of face value of Rs. 2 each
Basic(in Rs.) 17.53
Diluted(in Rs) 17.5
 Amount is in Cr.

2019 2020 2021 2022 2023 2024 2025

Actual Actual Actual Forecast Forecast Forecast Forecast

15,970.97 16,694.85 18,988.52 21293.50 23914.27 27056.13 30828.81

391.44 437.14 171.07 485.36 545.10 616.72 702.71
16362.41 17131.99 19159.59 21778.86 24459.37 27672.85 31531.52
476.57 344.2 265.99 241.39 284.66 364.95 422.30
16838.98 17476.19 19425.58 22020.25 24744.03 28037.8 31953.81

4285.04 4376.81 4886.43 5621.11 6312.95 7142.35 8138.27

1452.41 1859.37 2658.17 3057.83 3434.18 3885.37 4427.14

47.04 -244.76 -192.71 -221.68 -248.97 -281.68 -320.96

2856.53 3027.01 3251.83 3772.22 4193.91 4769.00 5420.26
168.43 197.36 160.7
1326.31 1174.65 1067.66 1032.58 1001.77 997.68 1019.45
4624.08 4907.57 4203.44 4995.87 5610.76 6347.90 7233.04
14759.84 15298.01 16035.52 18257.93 20304.6 22860.61 25917.19
2079.14 2178.18 3390.06 3762.318 4439.43 5177.191 6036.619

2079.14 2178.18 3390.06 3762.318 4439.43 5177.191 6036.619

747.7 682.87 1052.72 1212.88 1483.75 1791.65 2160.57

-178.17 -51.67 -163.96 -188.91 -231.09 -279.05 -336.51
569.53 631.2 888.76 1023.98 1252.66 1512.60 1824.06
1509.61 1546.98 2501.3 2738.34 3186.77 3664.59 4212.56
-17.17 -47.46 -12.79
1492.44 1499.52 2488.51 2738.34 3186.77 3664.59 4212.56

42.51 -14.9 -38.41

-7.6 5.48 0.95

-312.63 -149.88 203.18

-12.22 29.9 -4.23
-289.94 -129.4 161.49
1202.5 1370.12 2650 2738.34 3186.77 3664.59 4212.56

1527.7 1546.52 2404.87

-35.26 -47 -16.36

1220.23 1385.23 2579.96

-17.73 -15.11 -29.96

18.97 19.19 29.82

18.93 19.16 29.79
 Statement of cash flows.
COMPANY NAME:- CIPLA LTD.

PARTICULARS

Cash flow from Operating Activities

Profit before exceptional items and tax
Adjustments for:-
Depreciation, impairment and amortisation expense
Interest expense
Unrealised foreign exchange (gain)/loss (net)
Share based payment expense
Allowances for credit loss (net)
Interest income on income tax refund
Interest income on bank deposit and others
Dividend income
Sundry balances written back (net)

Net gain on sale of current investment carried at fair value through profit or loss
Net gain on sale of non-current investments
Loss on liquidation of subsidiaries (net)
Net fair value (gain)/loss on financial instruments at fair value through profit or loss
Net gain on sale/disposal of property, plant and equipment
Rent income
Operating Profit before Working Capital changes
Adjustments for working capital:
Increase in inventories
Increase/Decrease in trade and other receivables
Increase/Decrease in trade payables and other liabilities
Cash generated from operations
Income tax paid (net of refunds)
Net cash flow from the operating activities(a)
Cash flow from Investing Activities
Purchase of property, plant and equipment
Purchase of intangible assets (including intangible asset under development)
Proceeds from sale of property, plant and equipment
Receipts from sale of assets held for sale
Proceeds from sale of intangible assets
Proceeds from sale/liquidation of investments in subsidiaries
net of cash acquired on acquisition
Investment in associates
Proceeds of sale of the non current investment
Purchase of non-current investments
Sale/(purchase) of current investments (net)
Change in other bank balance and cash not available for immediate use
Interest received
Dividend received
Rent received
Net cash flow from the investing activities (b)
Cash flow from financing activities
Proceeds from issue of equity shares (ESOSs)
Transaction with non-controlling interest (net)
Consideration paid on buyback of ESOP rights relating to subsidiary
Settlement of put option liability
Proceeds/(repayment) from current borrowings (net)
Payment of lease liabilities
Proceeds from non-current borrowings
Repayment of non-current borrowings
Interest paid
Dividend paid
Tax paid on dividend
Net cash used in financing activities (c)
Net (decrease)/increase in cash and cash equivalents (a+b+c)
Cash and cash equivalents at the beginning of the year
Exchange difference on translation of foreign currency cash and cash equivalents
Cash and cash equivalents at the end of the year
 t of cash flows.
NAME:- CIPLA LTD. in crores(Rs.)

2018 2019 2020 2021 2022 2023 2024 2025

ACTUAL ACTUAL ACTUAL ACTUAL FORECAST FORECAST FORECAST FORECAST

1669.46 2079.14 2178.18 3290.06 3762.32 4439.43 5177.19 6036.62

1322.82 1326.31 1174.65 1067.66 1032.58 1001.77 997.68 1019.45

114.23 168.43 197.36 160.7
2.67 11.77 -31.9 -8.64
41.28 24.11 23.45 19.54
33.21 76.56 180.27 39.48
-22.09 -9.28 -7.04 -11.72 -20.12 -33.05 -42.54
-29.64 -37.77 -58.39 -40.22 -66.93 -114.93 -188.78 -242.96
-3.54 -34.44 -0.06 -21.64 -16.33 -15.56 -14.63 -13.31
-4.77 -26.92 -2.41 -0.06

-72.96 -100.98 -125.92 -52.79

-76.53 -84.05
4.66 3.78
-2.32 -22.74 25.18 -12.08
-24.66 -3.3 -2.62 -3.01
-5.97 -6.12 -9.46 -14.77
2963.28 3347.91 3543.71 4420.97 4699.923 5290.588 5938.404 6757.259

-559.34 103.84 -331.55 -254.32 -2246.92 821.02 -2530.44 477.81

-854.77 -1014.87 217.26 422.93 -1859.39 782.36 -2073.54 523.13
635.63 -152.51 487.28 203.05 1506.17 -812.03 1644.18 -644.95
2184.8 2284.37 3916.7 4792.63 2099.78 6081.94 2978.61 7113.25
-722.04 -593.23 -848.25 -1037.43 -1023.98 -1252.66 -1512.60 -1824.06
1462.76 1691.14 3068.45 3755.2 1075.80 4829.29 1466.01 5289.18

-705.76 -360.08 -572.77 -629.66 -747.03 -884.95 -1053.22 -1259.34

-110.45 -167.07 -427.24 -189.26 -224.53 -265.98 -316.55 -378.51
76.75 23.37 14.32 22.05 16.67 19.01 18.05 19.56

5.48 4.14 4.73 4.49 4.86

142.56 1.27 2.6
-14.27 -179.13
-242.04 -33.32 -13.65
10.31 84.05
-10.5 -40
-189.54 -899.88 1210.01 -1204.98
-102.76 4.27 -147.84 -416.72
29.64 37.77 50.09 40.55 78.65 135.06 221.83 285.50
3.54 34.44 0.06 21.64 16.33 15.56 14.63 13.31
 5.97 6.12 9.46 14.77
-854.01 -1668.68 104.04 -2387.18 -855.7714 -976.5766 -1110.778 -1314.622

0.12 0.12 0.11 0.05

-44.07 154.07 -383.02 -5.36
-36
0 21.83
-31.98 -2.25 51.92 -41.87
0 -75.83 -84.33
48 211.63 70.49
-2.5 -106 -1947.74 -1021.75
-117.78 -158.57 -163.52 -120.74
-160.94 -241.57 -564.26
-28.33 -42.52 -99.94
-385.48 -348.72 -2948.82 -1239.51 0 0 0 0
223.27 -326.26 223.67 128.51 220.03 3852.71 355.23 3974.56
610.35 853.46 508.35 742.38 792.88 1012.91 4865.62 5220.85
19.84 -18.85 10.35 12.79
853.46 508.35 742.37 792.88 1012.91 4865.62 5220.85 9195.41
 COMPANY NAME:- CIPLA LTD.
BALANCE SHEET

Particulars 2018 2019 2020

Assets Actual Actual Actual
(1) Non-current assets
(a) Property, plant and equipment 5315.35 5114.35 4805.32
(b) Right of use of assets 322.73
(c) Capital work-in-progress 512.35 331.05 421
(d) Investment properties 1.03 61.85 124.3
(e) Goodwill 2814.74 2869.14 2934
(f) Intangible assets 1819.05 1563.02 1496.54
(g) Intangible assets under development 468.98 345.13 403.53
(h) Investment in associates 9.62 234.49 234.97
(i) Financial assets
(i) Investments 147.01 193.86 219.53
(ii) Loans 41.66 49.42 52.39
(iii) Other Financial Assets 159.14 93.21 42.04
(j) Income tax assets(net) 388.6 345.59 468.62
(k) Deffered tax assets (net) 187.65 201.41 239.77
(l) Other non- current assets 181.27 134.17 191.64
Total Non - Current assets 12046.45 11536.69 11956.38
(2) Current assets
(a) Inventories 4044.7 3964.83 4377.6
(b) Financial assets
(i) Investments 1102.21 2125.79 1016.52
(ii) Trade receivables 3102.45 4150.72 3891.31
(iii) Cash and cash equivalents 853.46 508.36 742.38
(iv) Bank balances other than cash and cash equivalents 112.15 110.45 261.53
(v) Loans 19.91 6.28 5.6
(vi) Other financial assets 574.82 497.87 522.28
(c) Other current assets 1004.4 1060.33 886.62
(d) Assets classified as held-for-sale 2 2.34
Total current assets 10814.1 12426.63 11706.18
Total assets 22860.55 23963.32 23662.56
Equity and liabilities
(1) Equity
(a) Equity share capital 161.02 161.14 161.25
(b) Other equity 14068.17 14851.14 15601.75
Equity attributable to owner 14229.19 15012.28 15763
(c) Non-controlling interest 352.44 331.97 294.28
Total equity 14581.63 15344.25 16057.28
(2) Liabilities
Non-current liabilities
(a) Financial liabilities
(i) Borrowings 3662.11 3830.07 2369.28
(ii) Lease Liabilities
 (ii) Other financial liabilities 50.11 387.45 276.9
(b) Provisions 137.92 121.41 133.27
(c) Deferred tax liabilities (net) 503.31 425.32 365.21
(d) Other non-current liabilities 93.25 83.31 67.48
Total non-current liabilities 4446.7 4847.56 3212.14
Current liabilities
(a) Financial liabilities
(i) Borrowings 435.87 486.16 447.15
(ii) Lease Liabilities
(ii) Total
Tradeoutstanding
payables dues of micro enterprises and small
enterprises 18.38 28.69 81.19

Total outstanding dues of creditors other than micro

enterprises
and small enterprises 2100.74 1919.3 2200.62
(iii) Other financial liabilities 420.19 398.43 530.36
(b) Other current liabilities 226.85 143.43 176.29
(c) Provisions 627.11 736.76 948.19
(d) Income tax liabilities (net) 3.08 58.74 9.34
Total current liabilities 3832.22 3771.51 4393.14
(4) Liabilities directly associated with assets classified as held for
sale
Total liabilities 8278.92 8619.07 7605.28
Total equity and liabilities 22860.55 23963.32 23662.56
TRUE
0

1 TRUE
0 0
 in Crores
(Rs.)
CE SHEET

2021 2022 2023 2024 2025

Actual FORECAST FORECAST FORECAST FORECAST

4618.14 4511.13 4587.63 4800.87 5163.19

338.13 295.81 300.83 314.81 338.57
570.84 591.62 601.66 629.62 677.14
121.75 147.91 150.41 157.41 169.29
3007.29 3007.29 3007.29 3007.29 3007.29
1430.21 1479.06 1504.14 1574.05 1692.85
398.05 369.76 376.04 393.51 423.21
228.38 228.38 228.38 228.38 228.38

195.3 195.3 195.3 195.3 195.3

52.99 52.99 52.99 52.99 52.99
42.88 42.88 42.88 42.88 42.88
468.16 468.16 468.16 468.16 468.16
314.69 314.69 314.69 314.69 314.69
155.57 155.57 155.57 155.57 155.57
11942.38 11860.55 11985.97 12335.53 12929.51

4669.18 6916.10 6095.08 8625.51 8147.70

2286.37 2286.37 2286.37 2286.37 2286.37

3445.68 5305.07 4522.71 6596.25 6073.12
792.88 1012.909 4865.618 5220.85 9195.412
607.94 607.94 607.94 607.94 607.94
2.58 2.58 2.58 2.58 2.58
481.66 481.66 481.66 481.66 481.66
894.33 894.33 894.33 894.33 894.33
28.48 28.48 28.48 28.48 28.48
13209.1 17535.44 19784.77 24743.97 27717.6
25151.48 29395.99 31770.73 37079.51 40647.11

161.29 161.29 161.29 161.29 161.29

18165.24 20903.58 24090.35 27754.94 31967.50
18326.53 21064.87 24251.64 27916.23 32128.79
259.06 259.06 259.06 259.06 259.06
18585.59 21323.93 24510.7 28175.29 32387.85

1202.75 1202.75 1202.75 1202.75 1202.75

 295.61 295.61 295.61 295.61 295.61
116.17 116.17 116.17 116.17 116.17
296.61 296.61 296.61 296.61 296.61
63.61 63.61 63.61 63.61 63.61
1974.75 1974.75 1974.75 1974.75 1974.75

334.73 334.73 334.73 334.73 334.73

69.33 119.85 92.61 147.77 126.13

1997.49 3453.13 2668.34 4257.38 3634.06

733.99 733.99 733.99 733.99 733.99
359.22 359.22 359.22 359.22 359.22
1078.32 1078.32 1078.32 1078.32 1078.32
18.06 18.06 18.06 18.06 18.06
4591.14 6097.307 5285.279 6929.463 6284.511

0.41 0.41 0.41 0.41 0.41

6565.89 8072.06 7260.03 8904.21 8259.26
25151.48 29395.99 31770.73 37079.51 40647.11

TRUE TRUE 1 TRUE TRUE

0 0 0 0 0
COMPANY NAME : - CIPLA LTD.
Revenue Schedules
All Figures are in Rs. Cr.
Financial Year Ended 31st March
CONSOLIDATED FINANCIALS 2018 2019 2020 2021
Actual Actual Actual Actual
Total 100% 100% 100% 100%

Revenue Break-up
India 5935.51 6217.72 6681.48 7663.84
SAGA(South africa,Sub-Saharan Africa and Cipla Global) 3348.24 3272.48 3083.76 3448.73
Emerging Markets 1674.12 1799.87 1541.88 1915.96
North America 2587.27 3436.11 3940.36 4023.51
Europe 608.77 654.50 856.60 957.98
API 608.77 654.50 685.28 766.38
Others 456.58 327.25 342.64 383.19
Adjustments 0.00 0.00 0.00 0.00
Total 15219.25 16362.41 17131.99 19159.59

Revenue Break-up(100%)
India 39% 38% 39% 40%
SAGA(South africa,Sub-Saharan Africa and Cipla Global) 22% 20% 18% 18%
Emerging Markets 11% 11% 9% 10%
North America 17% 21% 23% 21%
Europe 4% 4% 5% 5%
API 4% 4% 4% 4%
Others 3% 2% 2% 2%
Adjustments 0% 0% 0% 0%
Total 100.00% 100.00% 100.00% 100.00%

PARTICULARS 2018 2019 2020 2021

1) INCOME Actual Actual Actual Actual
a) Revenue from operations.
i) Revenue from sale of the product 14750.86 15,970.97 16,694.85 18,988.52
ii) Other operating revenue 468.39 391.44 437.14 171.07

PARTICULARS 2018 2019 2020 2021

1) INCOME Actual Actual Actual Actual
a) Revenue from operations.
i) Revenue from sale of the product 96.92% 97.61% 97.45% 99.11%
ii) Other operating revenue 3.08% 2.39% 2.55% 0.89%
 2022 2023 2024 2025
Forecast Forecast Forecast Forecast
100% 100% 100% 100%

9196.60 11035.92 13243.11 15891.73

3828.09 3828.09 3828.09 3828.09
2394.95 2993.69 3742.11 4677.63
4103.98 4186.06 4269.79 4355.18
1044.20 1138.18 1240.61 1352.27
827.85 894.24 965.96 1043.43
383.19 383.19 383.19 383.19
0.00 0.00 0.00 0.00
21778.86 24459.37 27672.85 31531.52

42% 45% 48% 50%

18% 16% 14% 12%
11% 12% 14% 15%
19% 17% 15% 14%
5% 5% 4% 4%
4% 4% 3% 3%
2% 2% 1% 1%
0% 0% 0% 0%
100.00% 100.00% 100.00% 100.00%

2022 2023 2024 2025

Forecast Forecast Forecast Forecast

21293.50 23914.27 27056.13 30828.81

485.36 545.10 616.72 702.71

2022 2023 2024 2025

Forecast Forecast Forecast Forecast

97.77% 97.77% 97.77% 97.77%

2.23% 2.23% 2.23% 2.23%
COMPANY NAME : - CIPLA LTD.
Cost Sheet
All Figures are in Rs. Cr.
Financial Year Ended 31st March
CONSOLIDATED FINANCIALS 2018 2019 2020 2021
Actual Actual Actual Actual
Adjusted Purchase(Cost of goods sold)
a) Cost of material consumed 4497.16 4285.04 4376.81 4886.43
b) Stock- in- trade 1174.2 1452.41 1859.37 2658.17
(c) Changes in inventories of finished goods, work-in-progress
and
stock-in-trade -232.94 47.04 -244.76 -192.71
TOTAL 5438.42 5784.49 5991.42 7351.89

Adjusted Purchase(Cost of goods sold) as % of sales 36.87% 36.22% 35.89% 38.72%

Employee benefits expense 2690.1 2856.53 3027.01 3251.83

Employee benefits expense as % of revenue from operations 17.68% 17.46% 17.67% 16.97%

Other Expenses 4264.35 4624.08 4907.57 4203.44

Other Expenses as % of Revenue of operation. 28.02% 28.26% 28.65% 21.94%

Tax expense (net)

(a) Current tax 561.06 747.7 682.87 1052.72
(b) Deferred tax -310.95 -178.17 -51.67 -163.96
Total tax expense 250.11 569.53 631.2 888.76

Effective Tax Rate 14.98% 27.39% 28.98% 26.22%

 2022 2023 2024 2025
Forecast Forecast Forecast Forecast

5621.11 6312.95 7142.35 8138.27

3057.83 3434.18 3885.37 4427.14

-221.68 -248.97 -281.68 -320.96

8457.26 9498.16 10746.03 12244.45

39.72% 39.72% 39.72% 39.72%

3772.22 4193.91 4769.00 5420.26

17.32% 17.15% 17.23% 17.19%

4995.87 5610.76 6347.90 7233.04

22.94% 22.94% 22.94% 22.94%

1212.88 1483.75 1791.65 2160.57

-188.91 -231.09 -279.05 -336.51
1023.98 1252.66 1512.60 1824.06

27.22% 28.22% 29.22% 30.22%

COMPANY NAME : - CIPLA LTD.
Working Capital Schedule
All Figures are in Rs. Cr.
Financial Year Ended 31st March
CONSOLIDATED FINANCIALS 2018 2019 2020 2021
Actual Actual Actual Actual
INVENTORY 4044.70 3964.83 4377.60 4669.18
Average Inventory 4044.70 4004.77 4171.22 4523.39
Cost of sales 5438.42 5784.49 5991.42 7351.89
Average Holding Days(Avg. Inventory/COGS*365) 252.70 254.11 224.57

TRADE RECEIVABLES 3102.45 4150.72 3891.31 3445.68

Average Trade Receivables 3102.45 3626.59 4021.02 3668.50
Net Sales 14750.86 15970.97 16694.85 18988.52
Days(Avg. TR/Net Sales*365) 76.77 82.88 87.91 70.52

TRADE PAYABLES 2119.12 1947.99 2281.81 2066.82

Average Trade Payables 2033.55 2114.90 2174.32
Cost of sales 5784.49 5991.42 7351.89
Days(Avg. TP/COGS*365) 128.32 128.84 107.95

TRADE PAYABLES
Total outstanding dues of micro enterprises and small
enterprises 18.38 28.69 81.19 69.33
Total outstanding dues of creditors other than micro
enterprises
and small enterprises 2100.74 1919.3 2200.62 1997.49
2119.12 1947.99 2281.81 2066.82
 2022 2023 2024 2025
Forecast Forecast Forecast Forecast
6916.10 6095.08 8625.51 8147.70
5792.64 6505.59 7360.30 8386.61
8457.26 9498.16 10746.03 12244.45
250 250 250 250

5305.07 4522.71 6596.25 6073.12

4375.38 4913.89 5559.48 6334.69
21293.5 23914.27 27056.13 30828.81
75 75 75 75

3572.99 2760.96 4405.14 3760.19

2819.90 3166.97 3583.05 4082.67
8457.26 9498.16 10746.03 12244.45
121.70 121.70 121.70 121.70

119.85 92.61 147.77 126.13

3453.13 2668.34 4257.38 3634.06

3572.99 2760.96 4405.14 3760.19
COMPANY NAME : - CIPLA LTD.
Assets Schedule
All Figures are in Rs. Cr.
Financial Year Ended 31st March
CONSOLIDATED FINANCIALS 2018 2019 2020
Actual Actual Actual
FIXED ASSETS (Excluding Goodwill)
Opening Balance 8116.76 7415.4
Additions 527.15 1000.01
Disposals -23.37 -14.32
Depreciation -1326.31 -1174.65
Adjustments 121.17 346.98
Closing Balance 8116.76 7415.4 7573.42

Capex:
Purchase of property, plant and equipment 360.08 572.77
Purchase of intangible assets (including intangible asset under
development) 167.07 427.24
Total 527.15 1000.01
Capex as a % of Sales 3.30% 5.99%

Disposals:
Proceeds from sale of property, plant and equipment 76.75 23.37 14.32
Proceeds from sale of intangible assets 0 0 0
Total 76.75 23.37 14.32
Disposals as a % of opening balance 0.29% 0.19%

Depreciations: 1322.82 1326.31 1174.65

Depreciation as % of average of opening and capex 30.69% 27.92%
 2021 2022 2023 2024 2025
Actual Forecast Forecast Forecast Forecast

7573.42 7477.12 7395.29 7520.71 7870.27

818.92 971.56 1150.92 1369.77 1637.85
-27.53 -20.81 -23.73 -22.53 -24.42
-1067.66 -1032.58 -1001.77 -997.68 -1019.45
179.97
7477.12 7395.29 7520.71 7870.27 8464.25

629.66 747.03 884.95 1053.22 1259.34

189.26 224.53 265.98 316.55 378.51

818.92 971.56 1150.92 1369.77 1637.85
4.31% 4.56% 4.81% 5.06% 5.31%

22.05 16.67 19.01 18.05 19.56

5.48 4.14 4.73 4.49 4.86
27.53 20.81 23.73 22.53 24.42
0.36% 0.28% 0.32% 0.30% 0.31%

1067.66 1032.58 1001.77 997.68 1019.45

25.44% 24.44% 23.44% 22.44% 21.44%
COMPANY NAME : - CIPLA LTD.
Others Schedule
All Figures are in Rs. Cr.
Financial Year Ended 31st March
CONSOLIDATED FINANCIALS 2018 2019 2020 2021 2022
Actual Actual Actual Actual Forecast
OTHERS INCOME
Interest income on income tax refund 0 22.09 9.28 7.04 11.72
Interest income 29.64 37.77 58.39 40.22 66.93
Total 29.64 59.86 67.67 47.26 78.65
Dividend Income 3.54 34.44 0.06 21.64 16.33
Net gain on sale of current investments carried at fair
value through profit or loss 72.96 100.98 125.92 52.79
Net gain on sale of non-current investments 76.53 84.05 0 0
Loss on liquidation of subsidiaries (net) 0 0 -4.66 -3.78
Net gain on sale/disposal of property, plant and equipment 24.66 3.3 2.62 3.01
Others 150.32 193.94 152.59 145.07 146.41
TOTAL 357.65 476.57 344.2 265.99 241.39
Others (Y.O.Y % change) 29.02% -21.32% -4.93% 0.92%

Interest Earning Assets

Opening Balance 748.54 664.02 841.80 1145.17
Closing Balance 748.54 664.02 841.80 1145.17 1367.67
Average Interest Earning Assets 748.54 706.28 752.91 993.49 1256.42

Cash and Cash Equivalents

Opening Bal. 853.46 508.35 742.37 792.88
Closing Bal. 853.46 508.35 742.37 792.88 837.22
Average of cash and cash equivalent 853.46 680.91 625.36 767.62 815.05

Int. Income as % of avg. interest earning assets and cash 1.85% 4.32% 4.91% 2.68% 3.80%

LOANS
Opening Bal. 61.57 55.7 57.99 55.57
Additions 0 2.29 0 1.14
Disposals -5.87 0 -2.42 -2.54
Closing Bal. 61.57 55.7 57.99 55.57 54.18

Disposals as % of opening balance 9.53% 0.00% 4.17% 4.57%

BANK BALANCE OTHER THAN CASH

Opening Bal. 112.15 110.45 261.53 607.94
Additions 0 151.08 346.41 248.75
Disposals -1.7 0 0 -3.07
Closing Bal. 112.15 110.45 261.53 607.94 853.61

Disposals as % of opening balance 1.52% 0.00% 0.00% 0.51%

Other Financial Assets
Opening Bal. 574.82 497.87 522.28 481.66
Additions 0 24.41 0 12.20
Disposals -76.95 0 -40.62 -33.98
Closing Bal. 574.82 497.87 522.28 481.66 459.89

Disposals as % of opening balance 13.39% 0.00% 7.78% 7.05%

Non Current Investments

Opening Bal. 147.01 193.86 219.53 195.3
Additions 0 10.5 0 5.25
Disposals -84.05 0 0 -37.22
Closing Bal. 147.01 193.86 219.53 195.3 163.33

Disposals as % of opening balance 57.17% 0.00% 0.00% 19.06%

 2023 2024 2025
Forecast Forecast Forecast

20.12 33.05 42.54

114.93 188.78 242.96
135.06 221.83 285.50
15.56 14.63 13.31

134.05 128.49 123.49

284.66 364.95 422.30
-8.44% -4.15% -3.89%

1367.67 1646.17 1895.48

1646.17 1895.48 2156.75
1506.92 1770.83 2026.11

837.22 4485.59 4582.49

4485.59 4582.49 8262.36
2661.41 4534.04 6422.43

3.24% 3.52% 3.38%

54.18 53.17 51.96

0.57 0.86 0.72
-1.58 -2.07 -1.97
53.17 51.96 50.71

2.91% 3.89% 3.79%

853.61 1149.75 1420.33

297.58 273.16 285.37
-1.44 -2.58 -4.25
1149.75 1420.33 1701.45

0.17% 0.22% 0.30%

459.89 443.25 423.18
6.10 9.15 7.63
-22.74 -29.22 -26.22
443.25 423.18 404.59

4.94% 6.59% 6.20%

163.33 155.58 146.34

2.63 3.94 3.28
-10.38 -13.18 -16.53
155.58 146.34 133.09

6.35% 8.47% 11.29%