Particulars Formulae 2012 (average)

Profitability Ratios

Gross Profit Sales - COGS ###Turnover ###

Net Profit Ratio PAT ###Net Marging Turnover ###

Operating Profit Ratio 1 EBITDA ###Turnover ###

Operating Profit Ratio 2 PBIT ###Turnover ###

Return on Capital Emplo PBIT ###Average Capital Employed ###

Return on Shareholders f PAT ###Return on Equity Average Shareholders funds ###

Return on Investments PAT ###Return on Total Assets Average Total Assets ###

Leverage Average Total Assets ###Average Shareholder's fund ###

Turnover Ratios

Total Asset Turnover RatiTurnover ###Average Total Assets ###

Fixed Asset Turnover RatTurnover ###Average Fixed Assets ###

Inventory Turnover Ratio COGS ###Average Inventory ###

Inventory Holding Period 365 365.00 Inventory Turnover Ratio 7.15

Debtors Turnover Ratio Turnover ###Average Debtors 811.13

Collection Period 365 365.00 Debtors Turnover Ratio 28.58

Creditors Turnover Ratio Purchases ###Average Creditors ###

Payable Period 365 365.00 Creditors Turnover Ratio 3.57

Creditors Turnover Ratio Purchases ###Average Creditors ###

Payable Period 365 365.00 Creditors Turnover Ratio 3.91

Operating Cycle Inventory holding period + Collection period

Cash Cycle Operating cycle - Payable period

Liquidity Ratios

Current Ratio Current Assets ###Current Liabilities ###

Quick Ratio Current Asset - Inventory ###Current Liabilities ###

Super Quick Ratio Cash + Marketable investments ###Cash Ratio Current Liabilities ###

Solvency Ratios

Debt Equity Ratio Debt - Equity ###

Capital Gearing Ratio Debt - Debt + Equity ###

Liability to equity ratio Total liability ###Shareholders funds ###

Interest Coverage Ratio PBIT ###Interest cost p.a. 1.24

Interest Coverage Ratio EBITDA ###Interest cost p.a. 1.24

Dividend Payout Ratio Dividend declared (interim + proposed) ###PAT ###

Retention Ratio 100% - Payout ratio

Financial Leverage

Book Value per share Book value of net worth ###No. of shares 216.15

Dividend Yield Dividend per share 7.50 Stock Price 409.90

Price to book ratio Market Price per share 409.90 Book value per share 16.25

Market Ratio

P/E Ratio Market Price (as on 31.3) 409.90 EPS 12.46

2012 (average) 2012 (without avg)2011 (without avg) Comments

13.90% ### 12.45%###

12.17% ### 11.68%###

16.14% ### 14.95%###

15.15% ### 13.84%###

108.59% ### 95.40% ### 102.67%### ###

87.20% ### 76.61% ### 86.71%### ###

25.49% ### 24.56% ### 22.69%### ###

3.42 ### 3.12 ### 3.82 ### ###

2.09 ### 2.02 ### 1.94 ### ###

10.25 ### 10.30 ### 9.10 ### ###

7.15 ### 7.57 ### 6.15 ### ###

51 365.00 48 365.00 59 7.57 6.15

Long term provisions have been excluded from capital employed. Should other long term liabilities be included??

CWIP & Intangibles under devlp. have been excluded

COGS = Total expenses (before dividend) - Finance cost

28.58 ### 34.14 ### 21.88 678.99 943.21

13 365.00 11 365.00 17 34.14 21.88

3.57

102 365.00 #DIV/0! 365.00 #DIV/0! - -

3.91 ### 4.07 ### 3.41 ### ###

93 365.00 90 365.00 107 4.07 3.41

64 59 76

(30) (31) (31)

1.21 ### 1.05 ###

0.82 ### 0.63 ###

0.63 ### 0.42 ###

- - - Closing balance###

- - - Closing balance###

2.12

Purchases = Total Expenses - Depreciation - Finance CostOnly Trade payables considered. Short term provisions & other Current Liabilities excluded since most of it belongs to statutory dues

Marketable investments = Current Investments

### ### ### 0.24

### ### ### 0.24

60.23% 0.00%###

39.77% 100.00%

16.25

1.83%

25.22

32.90 284.6 26.90 10.58

Particulars Notes 31.03.201 % 31.03.201

EQUITY & LIABILITIESShareholders CapitalShare Capital 3 216.15 1.97% 215.95 Reserves & Surplus 4 3,296.78 30.08% 2,443.57

Non Current liabilitiesOther long term liabilities 5 329.69 3.01% 219.20 Long term provisions 6 666.95 6.09% 663.87

Current LiabilitiesTrade Payables 7 4,622.96 42.19% 5,009.05 Other Current Liabilities 9 546.77 4.99% 554.59 Short term provisions 10 1,278.97 11.67% 1,056.43

### ### ###

ASSETSFixed AssetsTangible assets 12 2,117.53 19.32% 2,133.58 Intangible assets 13 29.94 0.27% 35.52 CWIP 205.13 1.87% 216.59 Intangible assets under development 10.32 0.09% 72.17

Non-current investments 14 186.31 1.70% 120.58 Deferred tax asset (net) 15 214.24 1.96% 209.66 Long term loans & advances 16 396.18 3.62% 400.31

Current AssetsCurrent Investments 17 2,251.90 20.55% 1,140.09 Inventories 18 2,516.65 22.97% 2,810.77 Trade Receivables 19 678.99 6.20% 943.21 Cash & Bank 20 1,830.04 16.70% 1,628.47 Short term loans & advances 21 485.79 4.43% 416.35 Other current assets 22 35.25 0.32% 35.36

### ### ### - -

% Particulars Notes 31.03.201 %

Revenues from operations 26 ### 103.51%Less: Excise Duty ### -4.75%

2.12% Revenues from operations (NET) ### 98.76%### Other Income 27 278.31 1.24%

Total Revenue ### 100.00%

2.16% Cost of materials consumed 28 8,584.89 38.33%6.53% Purchases of stock in trade 29 3,024.14 13.50%

Changes in inventories 30 128.73 0.57%Employee benefit expenses 31 1,107.28 4.94%

### Finance Costs 32 1.24 0.01%5.46% Depreciation & Amortization 33 218.25 0.97%

### Other expenses 34 5,979.99 26.70%### Total Expenses ### 85.04%

Profit before exceptional item & tax ### 14.96%

### Exceptional Items 35 118.87 0.53%0.35%2.13% PBT ### 15.49%0.71%

Tax1.19% Current Tax (784.52) -3.50%2.06% Deferred Tax (0.76) 0.00%3.94% Tax Adjustment of previous years (net) 7.65 0.03%

Profit for the year ### 12.02%###### EPS

9.28% Basic 12.46 ### Diluted 12.45

4.10%0.35%###

31.03.201 % Yoy

### ### 12.31% (904.43) -4.52% 17.72%

### 98.64% 12.06% 272.88 1.36% 1.99%

### ### 11.93%

7,550.49 37.74% 13.70% 2,818.13 14.08% 7.31% (290.53) -1.45% ### 961.26 4.80% 15.19% 0.24 0.00% ### 220.83 1.10% -1.17% 6,017.77 30.08% -0.63%

### 86.35% 10.22%

### 13.65% 22.71%

206.83 1.03% -42.53%

### 14.68% 18.11%

(588.82) -2.94% 33.24% (39.16) -0.20% -98.06% (3.06) -0.02% ###

### 11.53% 16.71%

10.58 17.77% 10.56 17.90%