Balance Sheet of Dabur India

------------------- in Rs. Cr. ------------------Mar '12

Mar '11

Mar '10

Mar '09

Mar '08

12 mths

12 mths

12 mths

12 mths

12 mths

Sources Of Funds
Total Share Capital

174

174

87

87

86

Equity Share Capital

174

174

87

87

86

Share Application Money

Preference Share Capital

1128

927

662

652

442

1303

1101

749

738

528

Reserves
Revaluation Reserves
Networth
Secured Loans

19

18

24

16

Unsecured Loans

254

236

82

131

Total Debt

273

253

106

139

17

Total Liabilities

1577

1355

855

877

545

Mar '12

Mar '11

Mar '10

Mar '09

Mar '08

12 mths

12 mths

12 mths

12 mths

12 mths

Application Of Funds
Gross Block

883

767

687

519

468

Less: Accum. Depreciation

298

269

236

210

190

Net Block

585

498

451

308

278

25

12

23

52

16

Investments

553

519

349

232

270

Inventories

529

461

298

262

201

Sundry Debtors

224

202

130

112

100

Capital Work in Progress

Cash and Bank Balance

261

26

49

32

67

Total Current Assets

1014

689

478

406

369

Loans and Advances

604

462

349

456

207

30

166

115

112

1648

1317

942

973

577

Fixed Deposits
Total CA, Loans & Advances
Deffered Credit

Current Liabilities

696

539

472

382

345

Provisions

592

535

440

315

265

Total CL & Provisions

1288

1074

912

697

611

Net Current Assets

360

243

30

276

-34

54

83

14

Total Assets

1577

1355

855

877

545

Contingent Liabilities

1,338

1,076

173

174

171

Miscellaneous Expenses

Book Value (Rs)

787
=
157
117
0.74491 1.34245

Profit & Loss account of Dabur India

Income
Sales Turnover
Excise Duty
Net Sales
Other Income
Stock Adjustments

------------------- in Rs. Cr. ------------------Mar '12

Mar '11

Mar '10

Mar '09

Mar '08

12 mths

12 mths

12 mths

12 mths

12 mths

3,798

3,305

2,891

2,436

2,128

39

31

24

28

34

3,759

3,274

2,867

2,408

2,094

39

28

29

18

59

78

10

39

Total Income

3,826

3,392

2,905

2,477

2,115

Expenditure
Raw Materials

2,093

1,741

1,394

1,272

1,027

46

42

35

37

38

243

231

212

167

150

25

25

23

18

16

Selling and Admin Expenses

606

589

557

425

401

Miscellaneous Expenses

145

100

104

85

75

3,159

2,728

2,326

2,003

1,707

Mar '12

Mar '11

Mar '10

Mar '09

Mar '08

12 mths

12 mths

12 mths

12 mths

12 mths

Operating Profit

660

624

552

444

390

PBDIT

667

664

579

473

408

Interest

13

13

13

14

11

653

651

566

459

397

Depreciation

37

38

32

27

26

Other Written Off

29

17

Profit Before Tax

588

596

529

428

365

Power & Fuel Cost

Employee Cost
Other Manufacturing Expenses

Preoperative Exp Capitalised

Total Expenses

PBDT

Extra-ordinary items

-1

-1

PBT (Post Extra-ord Items)

588

597

528

427

365

Tax

124

125

94

51

48

Reported Net Profit

463

471

433

374

317

Total Value Addition

1066

988

932

731

680

Preference Dividend
Equity Dividend
Corporate Dividend Tax
Per share data (annualised)
Shares in issue (lakhs)
Earning Per Share (Rs)
Equity Dividend (%)
Book Value (Rs)

226

200

174

151

130

37

33

30

26

22

17421

17407

8676

8651

8640

130

115

200

175

150

Calculations

Key Financial Ratios of Dabur India

Mar '12 Mar '11 Mar '10 Mar '09 Mar '08
Investment Valuation Ratios
Face Value
Dividend Per Share

1.3

1.15

1.75

1.5

3.79

3.59

6.34

5.1

4.51

21.58

18.81

33.05

27.84

24.23

5.41

4.02

7.14

6.84

4.33

Bonus in Equity Capital

93.34

93.41

87.1

87.35

87.46

Profitability Ratios
Operating Profit Margin(%)

17.54

19.06

19.17

18.33

18.6

Profit Before Interest And Tax Margin(%)

16.36

17.76

17.97

17.11

17.29

Gross Profit Margin(%)

16.56

17.91

18.06

17.19

17.37

Cash Profit Margin(%)

14.9

15.58

15.88

15.97

16.16

Operating Profit Per Share (Rs)

Net Operating Profit Per Share (Rs)
Free Reserves Per Share (Rs)

Adjusted Cash Margin(%)

14.9

15.58

15.88

15.97

16.16

Net Profit Margin(%)

12.17

14.27

15.03

15.44

15.06

Adjusted Net Profit Margin(%)

12.17

14.27

15.03

15.44

15.06

Return On Capital Employed(%)

40.51

44.16

61.62

47.98

67.51

Return On Net Worth(%)

37.09

46.29

58.04

51.2

61.58

Adjusted Return on Net Worth(%)

40.13

45.21

56.29

48.65

59.99

Return on Assets Excluding Revaluations

7.17

5.85

8.6

8.43

5.95

Return on Assets Including Revaluations

7.17

5.85

8.6

8.43

5.95

Return on Long Term Funds(%)

43.91

53.79

68.96

55.29

68.93

Liquidity And Solvency Ratios

Current Ratio

1.15

0.99

0.93

1.19

0.91

Quick Ratio

0.85

0.78

0.68

0.99

0.58

Debt Equity Ratio

0.21

0.23

0.14

0.19

0.03

Long Term Debt Equity Ratio

0.12

0.01

0.02

0.03

0.01

53.91

56.06

52.35

38.34

46.79

0.21

0.23

0.14

0.19

0.03

Financial Charges Coverage Ratio

52.55

50.47

42.53

31.26

36.56

Financial Charges Coverage Ratio Post Tax

40.49

41.66

36.46

28.99

32.87

7.19

8.65

11.31

10.94

12.52

17.62

19.67

23.62

22.63

25.94

Investments Turnover Ratio

7.19

8.65

11.31

10.94

12.52

Fixed Assets Turnover Ratio

4.38

4.39

4.31

4.84

4.67

Total Assets Turnover Ratio

2.43

2.46

3.44

2.81

3.98

Asset Turnover Ratio

Average Raw Material Holding

2.57
86.17

4.39
63.26

4.31
52.96

4.84
45.18

4.67
45.68

Average Finished Goods Held

28.16

29.32

22.08

21.28

20.13

Number of Days In Working Capital

34.43

26.7

3.76

41.32

-5.8

Debt Coverage Ratios

Interest Cover
Total Debt to Owners Fund

Management Efficiency Ratios

Inventory Turnover Ratio
Debtors Turnover Ratio

Profit & Loss Account Ratios

1.30
3.79
21.58

17.55%
16.32%
16.55%

12.20%
12.20%

41.1%

Material Cost Composition

Imported Composition of Raw Materials
Consumed

55.67
0.91

0.93

1.22

1.06

0.97

Selling Distribution Cost Composition

13.44

14.89

16.55

14.89

16.12

4.44

4.09

4.31

4.56

4.49

Cash Flow Indicator Ratios

Dividend Payout Ratio Net Profit

56.81

49.42

46.86

47.41

47.86

Dividend Payout Ratio Cash Profit

49.74

44.32

43.13

43.74

43.54

Earning Retention Ratio

47.48

49.4

51.67

50.11

50.87

Cash Earning Retention Ratio

53.59

54.74

55.64

54.16

55.41

0.48

0.49

0.23

0.36

0.05

Expenses as Composition of Total Sales

AdjustedCash Flow Times

53.15

48.61

52.8

49.05

Mar '12 Mar '11 Mar '10 Mar '09 Mar '08
Earnings Per Share

2.66

2.71

4.99

4.32

3.67

Book Value

7.48

6.33

8.64

8.53

6.11

7.48

Cash Flow of Dabur India

------------------- in Rs. Cr. -Mar '12

12 mths

Net Profit Before Tax

631.92

Net Cash From Operating Activities

520.12

Net Cash (used in)/from

Investing Activities

-188.58

Net Cash (used in)/from Financing Activities

-232.66

Net (decrease)/increase In Cash and Cash Equivalents

20.28%

98.88

Opening Cash & Cash Equivalents

192.41

Closing Cash & Cash Equivalents

291.29

------------------- in Rs. Cr. ------------------Mar '11

Mar '10

Mar '09

Mar '08

12 mths

12 mths

12 mths

12 mths

596.26

527.03

425

365.18

338.61

481.49

323.57

313.29

-222.22

-267.54

-238.38

-179.77

-87.89

-201.88

-9.77

-119.3

28.5

12.07

75.42

14.22

163.91

151.84

68.26

54.04

192.41

163.91

143.68

68.26

CATEGORY OF
SHAREHOLDER

(A) Shareholding of Promoter and Promoter Group

(1) Indian
Individuals / Hindu Undivided Family
Bodies Corporate
Sub Total

(2) Foreign
Individuals (Non-Residents Individuals / Foreign Individuals)
Sub Total
Total shareholding of Promoter and Promoter Group (A)

(B) Public Shareholding

(1) Institutions
Mutual Funds / UTI
Financial Institutions / Banks
Insurance Companies
Foreign Institutional Investors
Sub Total

(2) Non-Institutions
Bodies Corporate
Individuals
Individual shareholders holding nominal share capital up to Rs. 1 lakh
Individual shareholders holding nominal share capital in excess of Rs. 1 lakh
Any Others (Specify)
Overseas Corporate Bodies
Non Resident Indians
Clearing Members
Trusts
Sub Total
Total Public shareholding (B)

Total (A)+(B)
(C) Shares held by Custodians and against which Depository Receipts have been issued-m
(1) Promoter and Promoter Group
(2) Public
Sub Total

Total (A)+(B)+(C)

NO. OF

TOTAL NO.

TOTAL NO. OF

TOTAL SHAREHOLDING AS A % OF TOTAL NO. OF SHARES

SHARE-HOLDERS

OF SHARES

SHARES HELD IN

AS A % OF

DEMATERIALIZED

(A+B)

FORM

AS A % OF
(A+B+C)

15

2,178,000

2,178,000

0.12

10

1,194,260,850

1,194,260,850

68.52

25

1,196,438,850

1,196,438,850

68.65

300,000

300,000

0.02

300,000

300,000

0.02

26

1,196,738,850

1,196,738,850

68.66

54

11,771,766

11,756,766

0.68

26

40,719,105

40,719,105

2.34

42,237,967

42,237,967

2.42

331

334,974,751

334,974,751

19.22

417

429,703,589

429,688,589

24.65

1,280

18,726,802

18,668,802

1.07

112,872

72,871,797

65,255,106

4.18

42

17,957,808

17,957,808

1.03

3,363

6,922,365

5,019,595

0.4

6,000

3,132

5,736,725

3,839,955

0.33

218

709,034

709,034

0.04

12

470,606

470,606

0.03

117,557

116,478,772

106,901,311

6.68

117,974

546,182,361

536,589,900

31.34

118,000

1,742,921,211

1,733,328,750

100

118,000

1,742,921,211

1,733,328,750

SHARES PLEDGED OR
OTHERWISE ENCUMBERED
NUMBER OF
SHARES
AS A % OF TOTAL
NO. OF SHARES

0.12
68.52

600,000
-

68.65

27.55
-

600,000

0.05

0.02

0.02

68.66

600,000

0.05

0.68

2.34

2.42

19.22

24.65

1.07

4.18

1.03

0.4

0.33

0.04

0.03

6.68

31.34

100

600,000

0.03

100

600,000

0.03