Profit & Loss

Figures in Rs. Crores

Mar-19 Mar-20 Mar-21 Mar-22 Mar-23

Sales - 10604.85 10941.15 11573.85 15224.7 16982.2
Sales Growth % 58% 3% 5% 30% 11%
Expenses - 9019.3 9257.75 10064.3 14259.5 15781.4
Manufacturing Cost % 64% 60% 58% 62% 60%
Employee Cost % 5% 6% 6% 6% 6%
Other Cost % 12% 15% 18% 22% 23%
Operating Profit 1585.55 1683.4 1509.55 965.2 1200.8
OPM % 14% 14% 12% 6% 7%
Other Income - -1.9 14.25 470.25 768.55 941.45
Exceptional items -1.9 -0.95 0 -0.95 -3.8
Other income normal 0 14.25 470.25 769.5 945.25
Interest 66.5 0 0 0 0
Depreciation 0 85.5 123.5 133.95 134.9
Profit before tax 1518.1 1612.15 1856.3 1599.8 2007.35
Tax % 32% 28% 24% 23% 17%
Net Profit + 996.55 1134.3 1399.35 1207.45 1642.55
EPS in Rs 21.945 24.9565 30.78 24.5955 33.4495
Dividend Payout % 25% 12% 24% 33% 27%
OPM 14.21% 14.62% 12.39% 6.02% 6.72%
Balance Sheet
Figures in Rs. Crores

Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Sep-23

Equity Capital 431.3 431.3 432.25 466.45 466.45 466.45
Reserves 4698.7 5396 6786.8 8266.9 9455.35 10278.05
Borrowings + 460.75 460.75 460.75 242.25 33.25 33.25
Other Liabilities - 26141.15 28901.85 29653.3 39330.95 42376.65 46133.9
Trade Payables 17265.3 404.7 0 1067.8 1337.6 0
Other liability items 8875.85 28496.2 29653.3 38262.2 41040 46133.9
Total Liabilities 31732.85 35189.9 37333.1 48305.6 52331.7 56912.6
Fixed Assets + 1866.75 630.8 681.15 893.95 838.85 547.2
CWIP 16.15 11.4 13.3 10.45 23.75 0
Investments 19678.3 25010.65 29248.6 36491.4 40694.2 43046.4
Other Assets - 10171.65 9537.05 7390.05 10910.75 10774.9 13318.05
Trade receivables 8484.45 0 0 0 0 0
Cash Equivalents 381.9 31.35 216.6 278.35 192.85 66.5
Short term loans 181.45 0 0 0 0 12921.9
Other asset items 1123.85 9505.7 7173.45 10632.4 10582.05 329.65
Total Assets 31732.85 35189.9 37333.1 48305.6 52331.7 56912.6

ROE 19.43% 19.46% 19.39% 13.83% 16.56%

ROCE 30.57% 27.14% 26.58% 19.21% 21.20%
Cash Flow Statement
Figures in Rs. Crores

Mar-20 Mar-21 Mar-22 Mar-23

Cash from Operating Activity - 3261.35 1685.3 768.55 2175.5
Profit from operations 3731.6 2020.65 1126.7 2472.85
Other WC items 0 0 0 0
Working capital changes 0 0 0 0
Direct taxes -470.25 -335.35 -358.15 -297.35
Other operating items 0 0 0 0
Cash from Investing Activity - -3212.9 -1298.65 128.25 -1600.75
Fixed assets purchased -287.85 -75.05 -72.2 -114.95
Fixed assets sold 0.95 0 3.8 0.95
Investments purchased -13215.45 -12761.35 -11451.3 -13775
Investments sold 8847.35 9799.25 9356.55 9893.3
Investment income 1445.9 1742.3 2274.3 2400.65
Interest received 0 0 0 0
Other investing items -3.8 -4.75 16.15 -5.7
Cash from Financing Activity - -399 -201.4 -835.05 -660.25
Proceeds from shares 3.8 9.5 38.95 19.95
Repayment of borrowings 0 0 -460.75 -209
Interest paid fin -401.85 -210.9 -414.2 -470.25
Other financing items 0 0 0 0
Net Cash Flow -350.55 185.25 61.75 -85.5
TRENDS: 10 YEARS 7 YEARS 5 YEARS 3 YEARS
Sales Growth 17% 17% 21% 16%
OPM 9% 10% 11% 8%
Price to Earning 42.3 42.3 42.4 42.0

Shareholding Pattern
(Numbers in percentages)

Mar-18 Mar-19 Mar-20 Mar-21 Mar-22

Promoters + 55.92% 55.87% 55.86% 51.88% 48.05%
FIIs + 6.42% 13.24% 23.39% 29.08% 26.88%
DIIs + 9.16% 7.95% 13.18% 11.96% 13.73%
Government + 0.00% 0.00% 0.00% 0.00% 0.00%
Public + 28.50% 22.94% 7.57% 7.08% 11.34%
No. of Shareholders 283,706 230,419 241,934 258,816 287,701

Stock Price CAGR Rate

10 Years: NA
5 Years: 13%
3 Years: 7%
1 Year: 57%
Mar-23 Dec-23
48.03% 47.91%
22.85% 23.04%
17.23% 17.86%
0.10% 0.10%
11.79% 11.09%
287,023 252,680