ITC

Standalone Balance Sheet

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

Mar '11

Mar '13
Sources Of Funds
Equity Share Capital
Share Application Money
Preference Share Capital
Reserves
Revaluation Reserves
Networth
Secured Loans
Unsecured Loans
Total Debt

790.18
0
0
21497.67
0
22287.85
0
66.4
66.4

781.84
0
0
17957
53.05
18791.89
1.77
77.32
79.09

773.81
0
0
15126.12
53.34
15953.27
1.94
97.26
99.2

Total Liabilities

22354.25

18870.98

16052.47

Application Of Funds
Gross Block
Less: Accum. Depreciation
Net Block

16679.17
5469.83
11209.34

13926.34
4819.66
9106.68

12765.82
4420.75
8345.07

1487.79

2572.06

1333.4

2000.86

1953.28

1563.34

Current Investments
Inventories
Loans and Advances
A/C Receivables
Cash and Bank Balance
Total Current Assets

5059.43
6600.2
2881.47
1163.34
3615
19319.44

4363.31
5637.83
1952.54
986.02
2818.93
15758.63

3991.32
5267.53
2173.89
907.62
2243.24
14583.6

A/C Payables
Current Liabilities
Provisions
Total CL & Provisions

1668.98
4735.45
5258.75
11663.18

1449.22
4659.38
4411.07
10519.67

1395.31
4272.79
4104.84
9772.94

7656.26

5238.96

4810.66

22354.25

18870.98

16052.47

2122.83
28.21

2533.61
23.97

2228.4
20.55

Capital Work in Progress

Non-Current Investments

Net Current Assets

Total Assets
Contingent Liabilities
Book Value (Rs)

Rs. Cr. ------------------Mar '10

Mar '09

381.82
0
0
13628.17
54.39
14064.38
0
107.71
107.71

377.44
0
0
13302.55
55.09
13735.08
11.63
165.92
177.55

14172.09

13912.63

11967.86
3825.46
8142.4

10558.65
3286.74
7271.91

1008.99

1214.06

1646.85

892.31

4080.02
4549.07
1929.16
858.8
1126.28
12543.33

1945.44
4599.72
2150.21
668.67
1032.39
10396.43

4619.54
4549.94
9169.48

4121.59
1740.49
5862.08

3373.85

4534.35

14172.09

13912.63

258.73
36.69

261.36
36.24

ITC
Standalone Profit & Loss account
Mar '13

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

Mar '11

Income
Sales Turnover
Less: Excise Duty
Net Sales
Other Income
Stock Adjustments
Total Income

29901.27
0
29901.27
938.7
935.83
31775.8

35247.25
10157.14
25090.11
761.25
149.3
26000.66

30633.57
9512.74
21120.83
775.76
308.42
22205.01

Expenditure
Raw Materials (COGS)
Power & Fuel Cost
Employee Cost
Other Manufacturing Expenses
Selling and Admin Expenses
Miscellaneous Expenses
Preoperative Exp Capitalised
Total Expenses

12531.44
550.11
1387.01
0
0
5741.03
0
20209.59

9933.19
453.19
1265.41
634.8
2691.41
1339.6
0
16317.6

8601.13
421.68
1178.46
560.57
2408.03
1120.89
-60.54
14230.22

10627.51

8921.81

7199.03

PBDIT
Interest
PBDT
Depreciation
Other Written Of
Profit Before Tax

11566.21
86.47
11479.74
795.56
0
10684.18

9683.06
87.02
9596.04
698.51
0
8897.53

7974.79
78.11
7896.68
655.99
0
7240.69

Extra-ordinary items
PBT (Post Extra-ord Items)

0
10684.18

0
8897.53

35.21
7275.9

Tax
Reported Net Profit

3265.79
7418.39

2735.16
6162.37

2287.69
4988.21

Per share data (annualised)

Shares in issue (lakhs)
Earning Per Share (Rs)
Equity Dividend (%)
Book Value (Rs)

79018.33
9.39
525
28.21

78184.24
7.88
450
23.97

77381.44
6.45
445
20.55

Operating Profit

Rs. Cr. ------------------Mar '10

Mar '09

26399.63
7832.18
18567.45
545.05
-447.54
18664.96

23247.84
8262.03
14985.81
426.21
630.3
16042.32

7140.69
387.34
1014.87
413.79
2093.87
1008.91
-71.88
11987.59

6864.96
394.12
903.37
402.88
1684.41
516.9
-72.55
10694.09

6132.32

4922.02

6677.37
90.28
6587.09
608.71
0
5978.38

5348.23
47.65
5300.58
549.41
0
4751.17

48.65
6027.03

81.52
4832.69

1965.43
4061.6

1565.13
3267.56

38181.77
10.64
1000
36.69

37744
8.65
370
36.24

ITC
Cash Flow

Net
Net
Net
Net
Net

Profit Before Tax

Cash From Operating Activities
Cash (used in) from Investing Activities
Cash (used in)/from Financing Activities
(decrease)/increase In Cash and Cash Equivalents

Opening Cash & Cash Equivalents

Closing Cash & Cash Equivalents

------------------- in Rs. Cr. -----Mar '13

Mar '12
10684.18
6709.89
-3580.78
-3232.55
-103.44

8897.53
6015.59
-2210.19
-3246.55
558.85

259.34
155.9

2178.92
2737.77

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

Mar '10
Mar '09
7268.16
5264.24
-616.22
-3551.64
1096.38

6015.31
4630.65
-3531.56
-1009.86
89.23

4825.74
3279.03
-1260.74
-1556.15
462.14

1082.93
2179.31

993.7
1082.93

570.25
1032.39

Tax Rate

33.99%

Mar '13
Liquidity Ratios
Current Ratio
Quick Ratio
Cash Ratio

Mar '12

Mar '11

1.66
1.09
0.74

1.50
0.96
0.68

1.49
0.95
0.64

Gross Profit Margin

EBITDA Margin
EBIT Margin
Net Profit Margin
Return on Assets

58.09%
38.68%
36.02%
24.81%
36.27%

60.41%
38.59%
35.81%
24.56%
35.62%

59.28%
37.76%
34.65%
23.62%
33.35%

Return on Equity

36.12%

35.47%

33.24%

Return on Capital Employed

48.18%

47.61%

45.60%

Solvency Ratios
Debt to Equity Ratio
Debt Service Coverage Ratio
Interest Coverage Ratio

0.003
95.99
124.56

0.004
79.84
103.25

0.006
73.26
93.70

Activity Ratios
A/Cs Receivable Turnover Ratio
DSO
Inventory Turnover Ratio
DIO
A/Cs Payable Turnover Ratio
DPO
Cash Conversion Cycle
Asset Turnover Ratio

25.70
14.20
2.05
178.23
7.51
48.61
143.82
1.45

25.45
14.34
1.82
200.36
6.85
53.25
161.45
1.44

23.27
15.69
1.75
208.29
6.16
59.21
164.76
1.40

1.66
0.64

1.73
0.65

Profitability Ratios

Price per Share (3rd Dec 2013)

# of Shares Outstanding (in Lakhs)

319.2
79018.33

Valuation Ratios
EV/EBITDA
EV/Sales
Earnings Per Share
Price to Earnings (3rd Dec 2013)
Book Value per Share
Price to Book Ratio (3rd Dec 2013)

1.62
0.63
9.39
34.00
28.21
11.32

DuPont Analysis
Mar '13

Mar '12

Mar '11

NPM
Asset Turnover
Leverage Ratio

24.81%
1.45
1.00

24.56%
1.44
1.01

23.62%
1.40
1.01

Return on Equity

36.12%

35.47%

33.24%