Switch to
Tabular Data
Graph
Switch to
Consolidated
Standalone
Y/e 31 Mar Mar-2018 Mar-2017 Mar-2016 Mar-2015
Growth matrix (%)        
Revenue growth (38) (10) 31.20 54.70
Op profit growth (37) (11) 25.70 73
EBIT growth (38) (14) 34.40 80.60
Net profit growth 188 (78) (32) 214
Profitability ratios (%)        
OPM 18.90 18.40 18.60 19.40
EBIT margin 14.60 14.60 15.30 15
Net profit margin 6.51 1.40 5.70 11
RoCE 6.57 10.40 13 11.30
RoNW 1.37 0.49 2.30 3.89
RoA 0.73 0.25 1.21 2.07
Per share ratios ()        
EPS 21.90 19.50 54.80 60
Dividend per share 3.50 3.50 3.50 3.50
Cash EPS (4.20) (24) 6.81 27.40
Book value per share 434 411 405 386
Valuation ratios        
P/E 4.10 4.45 1.08 1.35
P/CEPS (22) (3.70) 8.72 2.96
P/B 0.21 0.21 0.15 0.21
EV/EBIDTA 12 8.78 5.78 8.49
Payout (%)        
Dividend payout -- -- 11.60 7.91
Tax payout (14) (35) (28) (27)
Liquidity ratios        
Debtor days 221 164 123 96.10
Inventory days 111 57.90 47 51.30
Creditor days (128) (94) (76) (70)
Leverage ratios        
Interest coverage (2) (3.30) (4.90) (3.70)
Net debt / equity 0.38 0.62 0.54 0.34
Net debt / op. profit 2.48 2.43 1.84 1.40
Cost breakup ()        
Material costs (21) (37) (47) (41)
Employee costs (8.90) (5.30) (4) (4.20)
Other costs (52) (39) (31) (36)
Switch to
Tabular Data
Graph
Switch to
Consolidated
Standalone
Y/e 31 Mar( In .Cr) Mar-2018 Mar-2017 Mar-2016 Mar-2015
Revenue 3,893 6,288 7,010 5,341
yoy growth (%) (38) (10) 31.20 54.70
Raw materials (799) (2,355) (3,284) (2,182)
As % of sales 20.50 37.40 46.80 40.90
Employee costs (347) (334) (279) (225)
As % of sales 8.91 5.31 3.98 4.22
Other costs (2,012) (2,442) (2,146) (1,898)
As % of sales 51.70 38.80 30.60 35.50
Operating profit 735 1,158 1,301 1,035
OPM 18.90 18.40 18.60 19.40
Depreciation (299) (349) (325) (285)
Interest expense (279) (279) (218) (219)
Other income 133 112 98.10 49.80
Profit before tax 289 642 857 581
Taxes (39) (227) (243) (159)
Tax rate (14) (35) (28) (27)
Minorities and other 13.40 (126) (210) (82)
Adj. profit 263 289 404 341
Exceptional items (9.60) (201) (5) 244
Net profit 254 88.10 399 585
yoy growth (%) 188 (78) (32) 214
NPM 6.51 1.40 5.70 11
Switch to
Tabular Data
Graph
Y/e 31 Mar ( In .Cr) Mar-2018 Mar-2017 Mar-2016 Mar-2015
Profit before tax 289 642 857 581
Depreciation (299) (349) (325) (285)
Tax paid (39) (227) (243) (159)
Working capital 1,691 2,051 1,882 --
Other operating items -- -- -- --
Operating cashflow 1,642 2,118 2,172 138
Capital expenditure 1,409 (250) 271 --
Free cash flow 3,051 1,867 2,443 138
Equity raised 7,209 7,567 7,368 7,902
Investments 340 330 34.70 --
Debt financing/disposal 1,378 2,034 1,264 857
Dividends paid -- -- 38.50 38.50
Other items -- -- -- --
Net in cash 11,978 11,799 11,148 8,935
Switch to
Tabular Data
Graph
Switch to
Consolidated
Standalone
Y/e 31 Mar ( In .Cr) Mar-2019 Mar-2018 Mar-2017 Mar-2016
Equity capital 11 11 11 11
Preference capital -- -- -- --
Reserves 5,966 4,756 4,507 4,443
Net worth 5,977 4,767 4,518 4,454
Minority interest
Debt 2,207 2,019 3,308 2,973
Deferred tax liabilities (net) 14.90 201 210 203
Total liabilities 9,486 8,180 9,117 8,586
Fixed assets 5,073 4,538 3,915 4,839
Intangible assets
Investments 491 524 678 404
Deferred tax asset (net) 503 168 48.30 120
Net working capital 3,214 2,756 3,980 2,650
Inventories 1,598 1,314 1,059 936
Inventory Days -- 123 61.40 48.80
Sundry debtors 2,123 1,944 2,775 2,879
Debtor days -- 182 161 150
Other current assets 1,552 1,238 2,008 848
Sundry creditors (1,422) (1,000) (1,218) (1,427)
Creditor days -- 93.80 70.70 74.30
Other current liabilities (638) (740) (644) (587)
Cash 206 195 496 573
Total assets 9,486 8,180 9,117 8,586
Switch to
Consolidated
Standalone


Particulars ( Rupees In Crores.) Dec-2019 Dec-2018 Dec-2017 Dec-2016 Dec-2015
Gross Sales 2,146 2,316 2,930 4,503 4,665
Excise Duty -- -- 28.70 77.70 76.70
Net Sales 2,146 2,316 2,901 4,425 4,589
Other Operating Income -- -- -- -- 76.40
Other Income 32 683 97.30 71 74.50
Total Income 2,178 3,000 2,998 4,496 4,740
Total Expenditure ** 1,605 1,914 2,316 3,622 3,997
PBIDT 573 1,086 682 874 743
Interest 291 125 216 204 159
PBDT 282 961 466 671 584
Depreciation 255 127 225 264 --
Minority Interest Before NP -- -- -- -- --
Tax 80.60 55 135 77.50 181
Deferred Tax (74) 9.23 (71) 39.10 --
Reported Profit After Tax 20.70 770 178 290 403
Minority Interest After NP 7.63 46.10 (21) 79.30 127
Net Profit after Minority Interest 13 724 199 210 273
Extra-ordinary Items -- -- (0.80) 5.01 (3.40)
Adjusted Profit After Extra-ordinary item 13 724 200 205 276
EPS (Unit Curr.) 1.88 70.10 16.20 26.40 25.10
Book Value (Unit Curr.) -- -- -- -- --
Dividend (%) -- -- -- -- --
Equity 11 11 11 11 11
Public Shareholding (Number) -- -- -- -- --
Public Shareholding (%) -- -- -- -- --
Pledged/Encumbered - No. of Shares -- -- -- -- --
Pledged/Encumbered - % in Total Promoters Holding -- -- -- -- --
Pledged/Encumbered - % in Total Equity -- -- -- -- --
Non Encumbered - No. of Shares -- -- -- -- --
Non Encumbered - % in Total Promoters Holding -- -- -- -- --
Non Encumbered - % in Total Equity -- -- -- -- --
PBIDTM(%) 26.70 46.90 23.50 19.80 16.20
PBDTM(%) 13.20 41.50 16.10 15.20 12.70
PATM(%) 0.96 33.20 6.13 6.54 8.78