Leverage

Net Sales(in lakhs)**

Perecentage change in sales over last year
EBIT(in lakhs)
Interest
EPS
Perecentage change in EPS over last year
Percentage change in EBIT over last year
DOL*
DFL*
DCL*

*Formula used given in analysis sheet

**Source:Accord Fintech

2012-13
2011-12
390314
356182
9.58
16.41
32482
31678
7989
9912
6.43
4.69
37.100213 -14.72727
2.538039 5.8650536
0.2648552 0.3574819
14.617669 -2.511021
3.8715657 -0.897645

United Breweries
2010-11
2009-10 2008-2009
305981 199744.9 169827.1
53.19
17.62
24.05
29923
20115
17225
7813
5550
7569
5.5
3.73
2.29
47.453083 62.8821 -10.1961
48.759632 16.77794 29.99019
0.9167776 0.952392 1.24718
0.9732043 3.747903 -0.33998
0.8922119 3.569475 -0.42402

Leverage
2012-13
136906.1 10,432.10
-0.45611
13251
-1700.9
1030.44
2.55
-20.81
10.10582
37.39095
-81.9777
0.270274
-22.1565

Pioneer Distilleries
2011-12 2010-11 2009-10 2008-2009
10,479.90
5371.1
4658.5
8031.7
95.11646 15.29677 -41.9986 13.29327
-1238.0 -2638.74
897.9
1283.4
129.24
47.96
31.96
21.79
-18.9
-21.81
2.45
6.58
-13.3425 -990.204
-62.766 -42.3313
-53.0837 -393.879 -30.0374 -33.8726
-0.55809 -25.7492
0.7152
-2.5481
0.251349 2.51398 2.089594 1.24972
-0.14028 -64.7329 1.494478 -3.18441

Industry
2012-13
7089.3 3968828
65.89475
1940.8 379143.8
199025
3183.84
11.41
67.5379
56.82302
0.86233
1.188566
1.024936

2011-12
2392377
-20.15792
241765.4
164362.4
1900.37
-42.28343
-92.86363
4.606805
0.455328
2.097608

Industry
2010-11
2996387
7.565017
3387791
148129.7
3292.59
53.51143
1033.657
136.6364
0.051769
7.073538

2009-10 2008-2009
2785652 2510402 2107046
10.96434 19.14322
298837.4 239664.8 197201.8
112083.4 116135.4 92961.8
2144.85
3528.49 4073.26
-39.21337 -13.3743
24.68973 21.53276
2.251821 1.124825
-1.588246 -0.621114
-3.576446 -0.698644

Working
Net Sales(in lakhs)**
COGS(in lakhs)**
Average Accounts Payable(in lakhs)**
Average Receivable Turnover**
Inventory Turnover Ratio**
Accounts Payables Turnover
Average Collection Period(ACP)*
Average age of Inventory(AAI)*
Average Payables Period(APP)*
Operating Cycle*
Cash Conversion Cycle(CCC)*
*Formula used given in analysis sheet
**Source:Accord Fintech

2012-13
390314
228546
22,482
5.16
14.31
10.17
70.736
25.507
35.905
96.243
60.338

United Breweries
2011-12 2010-11 2009-10 2008-09
356182
305981 199744.9 169827.1
216053
177109 114933.1 99121.1
26984
30032 18033.5 12086.4
5.91
5.33
3.66
4.27
16.82
18.96
16.46
17.58
8.01
5.90
6.37
8.20
61.760
68.480
99.727
85.480
21.700
19.251
22.175
20.762
45.587
61.892
57.270
44.507
83.460
87.731 121.902 106.242
37.873
25.839
64.632
61.736

Working Capital
2012-13
10363
10880.2
2,697
8.53
3.3
4.03
42.790
110.606
90.467
153.396
62.930

Pioneer Distilleries
2011-12 2010-11 2009-10 2008-09
10445.2
5355.1
4658.5
7900.1
10519.8
6995.7
31004
5577.5
972.2
695.3
1510
666.7
8.53
4.16
18.9
43.48
5.01
1.98
1.74
6
10.82
10.06
20.53
8.37
42.790
87.740
19.312
8.395
72.854 184.343 209.770
60.833
33.732
36.277
17.777
43.630
115.644 272.084 229.082
69.228
81.913 235.807 211.306
25.598

Industry
2012-13

38.26
28.81
48.69
67.070
18.380

2011-12

35.04
25.88
55.45
60.920
5.470

Industry
2010-11

37.52
24.78
69.49
62.300
-7.190

2009-10

42.18
30.06
68.44
72.240
3.800

2008-09

40.85
27.99
56.41
68.840
12.430

Receivable Ma
Net Sales(in lakhs)**
Total Cost(in lakhs)**
Profit(in lakhs)
ACP*
Average Investment in Accounts Receivable(in lakhs)*

*Formula used given in analysis sheet

**Source:Accord Fintech

2012-13
390314
342678
47636
70.730
66404.42449

United Breweries
2011-12
356182
315017
41165
61.76
53302.60252

Receivable Management(Working Capital)

nited Breweries
2010-11
305981
266994
38987
68.48
50092.46

2009-10
199744.9
178023.4
21721.5
99.727
48640.38

2008-09
169827.1
148004.6
21822.5
85.48
34661.46

2012-13
10363
11,139
-776
42.79
1305.845

Pioneer Distilleries
2011-12 2010-11 2009-10 2008-09
10445.2
5355.1
4658.5
7900.1
10753.6
7290.1
3501.8
6331.4
-308
-1,935
1,157
1,569
42.79
87.74
19.312
8.395
1260.675 1752.42 185.2788 145.6222