Profit and Loss Statement of Bestway Cement

2011 2012 2013 2014 2015

Turnover net 13,332,366,906 17,788,955,131 24,074,046,566 28,950,521,800 30,509,582,748
Cost of Sales 10,418,537,089 12,093,168,245 14,103,707,220 17,570,452,040 17,955,205,655
Gross Profit 2,913,829,817 5,695,786,886 9,970,339,346 11,380,069,760 12,554,377,093
Administrative Expenses 157,092,809 260,503,960 595,465,774 302,787,155 384,419,794
Distribution Cost 351,032,163 283,278,843 797,798,454 706,989,874 746,456,302
Other Operative Expence - 161,805,010 378,397,665 596,789,802 732,265,765
Finance Cost 2,289,299,031 1,915,903,878 1,009,128,667 4,620,008,930 3,866,826,143
Other Operative Income ((507,731,792)) ((860,009,758)) ((55370776)) ((1,121,69367)) ((1296585113))
2,489,692,211 1,761,481,933 2,725,418,998 9,461,876,768 953,656,374
Profit Before Taxation 424,137,606 3,934,304,953 7,244,920,348 1,918,192,992 11,600,720,719
Taxation -244,907,381 -873,802,880 -239,285,822 -256,245,419 -293,291,870
Profit For The Year 179,230,225 3,060,502,073 6,288,271,665 7,871,737,776 8,667,924,135
Earning Per Share 0.57 5.29 11 14.76 14.96
 Verticle analysis
2011 2012 2013 2014 2015
Turnover net 100% 100% 100% 100% 100%
Cost of Sales 78.14% 67.98% 58.58% 60.69% 58.85%
Gross Profit 21.86% 32.02% 41.42% 39.31% 41.15%
Administrative Expenses 1.18% 1.46% 2.47% 1.05% 1.26%
Distribution Cost 2.63% 1.59% 3.31% 2.44% 2.45%
Other Operative Expence - 0.91% 1.57% 2.06% 2.40%
Finance Cost 17.17% 10.77% 4.19% 15.96% 12.67%
Other Operative Income
18.67% 9.90% 11.32% 32.68% 3.13%
Profit Before Taxation 3.18% 22.12% 30.09% 6.63% 38.02%
Taxation -1.84% -4.91% -0.99% -0.89% -0.96%
Profit For The Year 1.34% 17.20% 26.12% 27.19% 28.41%
Earning Per Share
Horizontal analysis
2011 2012 2013 2014 2015
Turnover net 13,332,366,906 33.43% 80.57% 117.14% 128.84%
Cost of Sales 10,418,537,089 16.07% 35.37% 68.65% 72.34%
Gross Profit 2,913,829,817 95.47% 242.17% 290.55% 330.85%
Administrative Expenses 157,092,809
Distribution Cost 351,032,163
Other Operative Expence -
Finance Cost 2,289,299,031
Other Operative Income ((507,731,792))
2,489,692,211 -29.25% 9.47% 280.04% -61.70%
Profit Before Taxation 424,137,606 827.60% 1608.15% 352.26% 2635.13%
Taxation -244,907,381 256.79% -2.30% 4.63% 19.76%
Profit For The Year 179,230,225 1607.58% 3408.49% 4291.97% 4736.20%
Earning Per Share
 Profit and Loss Statement of Fauji Cement
2011 2012 2013 2014
Turnover net 4,742,593 11,523,050 15,967,900 17,532,277
Cost of Sales 3,919,540 8,454,600 10,887,427 11,448,142
Gross Profit 823,053 3,068,450 5,080,473 6,084,135
other income 28,053 26,519 143,866 125,106
Distribution Cost -74,149 -101,642 -205,074 -225,957
Administrative exp -147,938 -129,180 -228,579 -333,504
other operating exp -36,944 -72,457 -1,512,148 -1,042,144

-103,922 -1,825,445
finance cost 94,719 152081
Profit Before Taxation 488,153 966,245 3,085,525 4,509,505
Taxation -62,492 -413,655 -988,458 1,883,511

Profit For The Year 425,661 552,590 2,097,067 2,625,994

Earning Per Share 0.52 0.29 1 1.8

Verticle analysis
2011 2012 2013
Turnover net 100% 100% 100%
Cost of Sales 82.65% 73.37% 68.18%
Gross Profit 17.35% 26.63% 31.82%
other income 0.59% 0.23% 0.90%
Distribution Cost -1.56% -0.88% -1.28%
Administrative exp -3.12% -1.12% -1.43%
other operating exp -0.78% -0.63% -9.47%
finance cost -2.19% -15.84% 0.59%
Profit Before Taxation 10.29% 8.39% 19.32%
Taxation -1.32% -3.59% -6.19%
0.00% 0.00% 0.00%
Profit For The Year 8.98% 4.80% 13.13%
Earning Per Share

Horizontal analysis
2011 2012 2013
 Turnover net 4,742,593 142.97% 236.69%
Cost of Sales -3,919,540 115.70% 177.77%
Gross Profit 823,053 272.81% 517.27%
other income 28,053 -5.47% 412.84%
Distribution Cost -74,149 37.08% 176.57%
Administrative exp -147,938 37.08% 54.51%
other operating exp -36,944 96.13% 3993.08%
finance cost -103,922 1656.55% -191.14%
Profit Before Taxation 488,153 97.94% 532.08%
Taxation -62,492 561.93% 1481.74%

Profit For The Year 425,661 29.82% 392.66%

 20,000,000
2015 18,000,000 Net sales
18,642,358 16,000,000
11,615,261 14,000,000
7,027,097 12,000,000
141,018 10,000,000
-271,629 8,000,000
-419,918 6,000,000
-706,027 4,000,000
2,000,000
191,386
0
2011 2012 2013 2014 2015
5,679,891
-1,563,726

4,116,165
2.91
Profit after tax
4,500,000
4,000,000
3,500,000
2014 2015
3,000,000
100% 100%
2,500,000
65.30% 62.31%
2,000,000
34.70% 37.69%
0.71% 0.76% 1,500,000

-1.29% -1.46% 1,000,000

-1.90% -2.25% 500,000
-5.94% -3.79% 0
2011 2012 2013 2014 2015
0.87% 1.03%
25.72% 30.47%
10.74% -8.39%
0.00%
14.98% 22.08%

2014 2015
 269.68% 293.08%
192.08% 196.34%
639.22% 753.78%
345.96% 402.68%
204.73% 266.33%
125.43% 183.85%
2720.87% 1811.07%
-246.34% -284.16%
823.79% 1063.55%
-3114.00% 2402.28%

516.92% 867.01%
 Balance Sheet of Bestway Cement
2011 2012 2013 2014 2015
SHARE CAPITAL AND RESERVES

Authorised share capital

700,000,000 (2011: 700,000,000) ordinary 7,000,000,000 7,000,000,000 7000000000
7,000,000,000 7,000,000,000
shares of Rs. 10 each
Issued, subscribed and paid up share 5,782,019,740 5,793,849,122 5,793,840,909
5,782,019,740 5,782,019,740
capital
Share premium 3,225,770,245 3,225,770,245 3,225,770,245 3,225,770,435 3,225,777,560
Exchange translation reserve 669,838,385 898,516,775 104,308,722 - -
Cash flow hedge reserve -9,883,895 -4,061,515 1,085,044 - -
Deficit on revaluation of available for sale 378,473,554 - -
-166,440,194 -111,923,111
investments
Unappropriated profit 5,075,936,811 8,982,569,565 1,351,489,622 1,352,454,511 1,639,257,657
14,577,241,092 18,772,891,699 23,095,505,533 21,514,164,211 25,418,873,647
Non-controlling interests 79,155,348 80,837,062
14,656,396,440 18,853,728,761 23,095,505,533 21,514,164,211 25,418,873,647

NON CURRENT LIABILITIES

Long term financing - secured 8,793,333,338 6,418,611,118 4,815,972 1,320,000,000

-
Liability against assets subject to finance
109,754,039 57,142,948 - - -
lease - secured
Long term murabaha - secured 1,765,000,000 1,705,000,000 - - -
Long term musharaka - secured 300,000,000 300,000,000 200,000,000 - 880,000,000
Long term shirkat-ul-melk - secured - 200,000,000 100,000,000 598,870,441 1,996,758
Deferred liabilities 1,000,249,488 1,830,692,720 4,029,599,054 4,213,515,767 4,661,985,847
11,968,336,865 10,511,446,786 9,145,571,000 4,812,386,208 2,666,389,043
CURRENT LIABILITIES

Trade and other payables

2,224,490,874 2,805,815,704 4,422,079,221 4,799,922,212 577,002,574
Markup accrued 276,248,733 417,969,419 68,827,000 1,252,421,322 418,766,546
Short term borrowings - secured 5,246,110,865 3,947,343,438 96,459,187 2,254,832,435 83,344,809
Current portion of long term financing 4,688,888,890 2,892,777,778 5,906,154 - 180,000,000
Current portion of liability against assets - 120,000,000
47,802,130 54,347,414 100,000,000
subject to finance lease
Current portion of long term murabaha 120,000,000 60,000,000 100,000,000 160,738,551 138,886,660
12,603,541,492 10,178,253,753 6,755,390,887 7,446,036,554 10,196,863,789
Total Liabilities +O.E 39,228,274,797 39,543,429,300 35,855,981,443 33,772,586,973 62,247,738,398

NON CURRENT ASSETS

Property, plant and equipment 25,031,259,675 25,031,259,675 35,675,333,736 34,224,367,656 24,261,589,980
Intangible assets 25,596,250 25,596,250 23,847,484 32,374,221 27,518,009
Goodwill 1,135,192,353 1,135,192,353 - - 500,035,344
Investment property 345,814,453 345,814,453 345,852,235 345,852,235 345,890,985
Long term investments 5,831,817,548 5,831,817,548 2,387,658,680 1,962,805,432 2,271,047,015
Long term advances 20,015,000 20,015,000 12,009,554 80,560,091 70,003,000
Long term deposits 89,495,534 89,495,534 90,266,334 90,323,654 90,075,753
32,479,190,813 32,479,190,813 31,892,664,887 36,736,283,289 27,066,124,742

CURRENT ASSETS
Stores, spare parts and loose tools
3,200,299,217 3,411,626,756 3,510,783,445 404,467,118 314,147,118
Stock in trade 1,454,067,129 1,740,804,102 2,223,435,887 1,932,616,624 1,856,438,488
Trade debts - considered good 311,501,612 462,301,006 288,672,776 5,798,156 718,630,033
Advances 150,773,424 157,477,616 214,043,667 40,078,942 339,205,711
 Deposits and prepayments 41,631,465 12,924,626 64,598,775 21,518 1,205,006
Interest accrued 76,190 39,451 140,000 70421 31,500
Other receivables 30,369,297 7,553,118 1,321,445 1,820,232 8,110,600
Due from Government agencies 1,422,638,175 1,204,722,553 1,337,677,445 104,079,935 61,216,121
Bank balances 137,727,475 190,150,784 322,669,776 21,623,362 23,688,645
6,749,083,984 7,187,600,012 7,963,337,998 8,231,087,678 9,308,628,887
Total Assets 39,228,274,797 39,666,790,825 35,855,981,443 34,794,745,224 62,247,738,398

CGS 10,418,537,089 12,093,168,245 14,103,707,220 17,570,452,040 17,955,205,655

Gross Profit 2,913,829,817 5,695,786,886 9,970,339,346 11,379,600,760 12,554,377,093
Sales/Turnover 13,332,366,906 17,788,955,131 24,074,046,566 28,950,052,800 30,509,582,748
After Tax Income 179,230,225 3,060,502,073 6,288,271,665 7,871,737,776 8,667,924,135
Operating Income 507,731,792 860,009,758 55,370,776 112,169,367 1,296,585,113
Earning Per Share 0.57 5.29 10.86 13.79 14.96
Market Value Per share 10.39 15.05 16.00 7.64 19.89
No of shares 7,000,000,000 7,000,000,000 7,000,000,000 7,871,737,000 8,667,925,000
Dividend Payout Ratio
Dividend Payed 0 0 0 2.00 2.50
N.I 179,230,225 3,060,502,073 6,288,271,665 7,871,737,774 8,667,924,133
Ratio Analysis
2011 2012 2013 2014 2015
Current Ratio 53.55% 70.62% 117.88% 110.54% 91.29%
Quick Ratio 42.01% 53.51% 84.97% 84.59% 73.08%
Net Working Capital -14.92% -7.54% 3.37% 2.26% -1.43%
Return on Asset 0.46% 7.72% 17.54% 22.62% 13.92%
Return on Equity 1.22% 16.23% 27.23% 36.59% 34.10%
ROI 0.46% 7.72% 17.54% 22.62% 13.92%
Net Profit Margin 1.34% 17.20% 26.12% 27.19% 28.41%
Gross Profit Margin 21.86% 32.02% 41.42% 39.31% 41.15%
Asset Turnover Ratio 33.99% 44.85% 67.14% 83.20% 49.01%
Inventory Turnover Ratio 716.51% 694.69% 634.32% 909.15% 967.19%
Debt to Equity Ratio 167.65% 109.74% 68.85% 56.98% 50.61%
Debt to Asset Ratio 62.64% 52.16% 44.35% 35.23% 20.66%
Net Operating Income 3.81% 4.83% 0.23% 0.39% 4.25%
Operating Asset Turnover 41.05% 54.77% 75.48% 78.81% 112.72%
Return on Operating Assets 1.56% 2.65% 0.17% 0.31% 4.79%
Fixed Assets Turnover Ratio 1.56% 2.65% 0.17% 0.31% 4.79%
Total Assets Turnover 33.99% 44.85% 67.14% 83.20% 49.01%
Return on Sales 1.34% 17.20% 26.12% 27.19% 28.41%
Asset test Ratio 13.20% 19.17% 38.67% 26.27% 18.53%
Cash Ratio 3.81% 6.48% 9.07% 0.39% 7.36%
Days Sales Outsatanding 83.14% 15.50% 2.00% 2.29% 9.70%
Days inventory Outstanding 0.0000% 0.0000% 0.0000% 0.0001% 0.0001%
Operating Cycle 83.1420% 15.4978% 2.0035% 2.2950% 9.7032%
Earning Per Share 0.57 5.29 10.86 13.79 14.96
Price Earning Ratio 18.23 2.84 1.47 0.55 1.33
Dividend Payout Ratio 0.00% 0.00% 0.00% 14.50% 16.71%
Dividend Yield Ratio 0.00% 0.00% 0.00% 26.18% 12.57%
Book Value Per Share 2.09 2.69 3.30 2.73 2.93
Retention Ratio 100.00% 100.00% 100.00% 85.50% 83.29%
Vertical Analysis
2011 2012 2013 2014 2015
Total Equity 37.36% 47.53% 64.41% 61.83% 40.84%
Current Liabilties 32.13% 25.66% 18.84% 21.40% 16.38%
Non Current Liabilities 30.51% 26.50% 25.51% 13.83% 4.28%
Total O.E + Liabilities 100% 100% 100% 100% 100%
39,228,274,797 39,666,790,825 35,855,981,443 34,794,745,224 62,247,738,398
Current Assets 17.20% 18.12% 22.21% 23.66% 14.95%
Non Current Assets 82.80% 81.88% 88.95% 105.58% 43.48%
Total Assets 100% 100% 100% 100% 100%
39,228,274,797 39,666,790,825 35,855,981,443 34,794,745,224 62,247,738,398

Horizontal Analysis
2011 2012 2013 2014 2015
Total Equity 100% 28.64% 57.58% 46.79% 73.43%
Non Current Liabilties 100% -12.17% -23.59% -59.79% -77.72%
Current Liabilities 100% -19.24% -46.40% -40.92% -19.10%
Total O.E + Liabilities 100%
39,228,274,797 39,666,790,825 35,855,981,443 34,794,745,224 62,247,738,398
NonCurrent Assets 100% 0.00% -1.81% 13.11% -16.67%
Current Assets 100% 6.50% 17.99% 21.96% 37.92%
Total Assets 39,228,274,797 39,666,790,825 35,855,981,443 34,794,745,224 62,247,738,398
 Current ratio bwc Net working c
140.00% 5.00%
117.88%
120.00% 110.54%
0.00%
100.00% 2011 2012 2
91.29%

80.00% 70.62% -5.00%

60.00% 53.55%
-10.00%
40.00%

20.00% -15.00%

0.00%
2011 2012 2013 2014 2015 -20.00%

Quick Ratio bwc ROI b

90.00% 25.00%
80.00%
70.00% 20.00%

60.00%
15.00%
50.00%
40.00%
10.00%
30.00%
20.00% 5.00%
10.00%
0.00% 0.00%
2011 2012 2013 2014 2015 2011 2012 20

Asset turnover ratio bwc Gross profit m

90.00%
80.00% 45.00%

70.00% 40.00%
35.00%
60.00%
30.00%
50.00%
25.00%
40.00%
20.00%
30.00%
15.00%
20.00% 10.00%
10.00% 5.00%
0.00% 0.00%
2011 2012 2013 2014 2015 2011 2012 20
30.00%
15.00%
20.00% 10.00%
10.00% 5.00%
0.00% 0.00%
2011 2012 2013 2014 2015 2011 2012 20

Debt to Asset Ratio bwc Debt to Equity

70.00% 180.00%
160.00%
60.00%
140.00%
50.00%
120.00%
40.00% 100.00%

30.00% 80.00%
60.00%
20.00%
40.00%
10.00%
20.00%
0.00% 0.00%
2011 2012 2013 2014 2015 2011 2012 20

Return on Operating Assets bwc Net Opertaing I

6.00% 6.00%

5.00% 5.00%

4.00% 4.00%

3.00% 3.00%

2.00% 2.00%

1.00% 1.00%

0.00% 0.00%
2011 2012 2013 2014 2015 2011 2012 20

Return on sales bwc Fixed asset tu

6.00%
30.00%

5.00%
25.00%

4.00%
20.00%
3.00%
15.00%
2.00%
10.00%
1.00%
5.00%
0.00%
0.00% 2011 2012 2
2011 2012 2013 2014 2015
 10.00%
1.00%
5.00%
0.00%
0.00% 2011 2012 2
2011 2012 2013 2014 2015

Days sales outstanding bwc Asset Test R

90.00% 45.00%
83.14%
80.00% 40.00%
70.00% 35.00%
60.00% 30.00%
50.00% 25.00%
40.00% 20.00%
30.00% 15.00%
20.00% 15.50% 10.00%
9.70%
10.00% 5.00%
2.00% 2.29%
0.00% 0.00%
2011 2012 2013 2014 2015 2011 2012 20

Dividend yield ratio bwc Dividend payo

30.00% 18.00%
16.00%
25.00%
14.00%
20.00% 12.00%
10.00%
15.00%
8.00%
10.00% 6.00%
4.00%
5.00%
2.00%
0.00% 0.00%
2011 2012 2013 2014 2015 2011 2012 201

Price earning ratio bwc Retention r

20.00 120.00%
18.00
100.00%
16.00
14.00
80.00%
12.00
10.00 60.00%
8.00
40.00%
6.00
4.00
20.00%
2.00
0.00 0.00%
2011 2012 2013 2014 2015 2011 2012 20
 40.00%
6.00
4.00
20.00%
2.00
0.00 0.00%
2011 2012 2013 2014 2015 2011 2012 20

Operating Cycle
90.0000%
80.0000%
70.0000%
60.0000%
50.0000%
40.0000%
30.0000%
20.0000%
10.0000%
0.0000%
2011 2012 2013 2014 2015
 Net working capital bwc ROA bwc
25.00%

20.00%
11 2012 2013 2014 2015

15.00%

10.00%

5.00%

0.00%
2011 2012 2013 2014

ROI bwc ROE bwc

40.00%

35.00%

30.00%

25.00%

20.00%

15.00%

10.00%

5.00%

0.00%
1 2012 2013 2014 2015 2011 2012 2013 2014

Gross profit margin bwc NPM bwc

30.00%

25.00%

20.00%

15.00%

10.00%

5.00%

0.00%
1 2012 2013 2014 2015 2011 2012 2013 2014
 10.00%

5.00%

0.00%
1 2012 2013 2014 2015 2011 2012 2013 2014

Debt to Equity Ratio bwc Inventory turnover bwc

1200.00%

1000.00%

800.00%

600.00%

400.00%

200.00%

0.00%
1 2012 2013 2014 2015 2011 2012 2013 2014

Net Opertaing Income bwc Operating asset turnover bwc

120.00%

100.00%

80.00%

60.00%

40.00%

20.00%

0.00%
2011 2012 2013 2014
2012 2013 2014 2015

Fixed asset turnover bwc Total asset turnover bwc

90.00%
80.00%
70.00%
60.00%
50.00%
40.00%
30.00%
20.00%
10.00%
11 2012 2013 2014 2015 0.00%
2011 2012 2013 2014
 30.00%
20.00%
10.00%
11 2012 2013 2014 2015 0.00%
2011 2012 2013 2014

Asset Test Ratio bwc Cash Ratio bwc

10.00%
9.00%
8.00%
7.00%
6.00%
5.00%
4.00%
3.00%
2.00%
1.00%
0.00%
1 2012 2013 2014 2015 2011 2012 2013 2014

Dividend payout ratio bwc Earning per share bwc

16.00

14.00

12.00

10.00

8.00

6.00

4.00

2.00

0.00
2012 2013 2014 2015 2011 2012 2013 2014

Retention ratio bwc book value per share bwc

3.50

3.00

2.50

2.00

1.50

1.00

0.50

0.00
1 2012 2013 2014 2015 2011 2012 2013 2014
 1.00

0.50

0.00
1 2012 2013 2014 2015 2011 2012 2013 2014
ROA bwc

2013 2014 2015

ROE bwc

2013 2014 2015

NPM bwc

2013 2014 2015

 2013 2014 2015

ntory turnover bwc

2013 2014 2015

erating asset turnover bwc

2013 2014 2015

asset turnover bwc

2013 2014 2015

 2013 2014 2015

Cash Ratio bwc

2013 2014 2015

ning per share bwc

2013 2014 2015

value per share bwc

2013 2014 2015

2013 2014 2015
 Balance Sheet of Fauji Cement
2011
SHARE CAPITAL AND RESERVES

Share capital 7,419,887

Advance against issue of shares 861,871

Reserves 2,732,259

11,014,017
NON CURRENT LIABILITIES

Subordinated loan - unsecured 3,189,000

Long term financing - secured 11,805,480

Deferred liability - compensated
22,674
absences
Deferred tax liability - net 794,918

15,812,072
CURRENT LIABILITIES
Trade and other payables 1,290,968
Markup accrued 444,297
Short term borrowings - secured 1,901,333

Current portion of long term

financing 1,748,142

5,384,740
 Total Liabilities +O.E 32,210,829

NON CURRENT ASSETS

Property, plant and equipment 26,658,079

Long term advance 4,500
Long term deposits and prepayments 756,124
27,418,703

CURRENT ASSETS

Stores, spares and loose tools

2,444,173

Stock in trade 493,922

Trade debts 36,960

Advances 40,733

Trade deposits, short term prepayments and

balances with statutory authority 769,467
Interest accrued 836

Other receivables 27,188

Derivative Financial Instrument -

Cash and bank balances 978,847

4,022,659
 Total Assets 31,441,362
Turnover net 4,742,593

Cost of Sales 3,919,540

823,053
Gross Profit
 425,661
Profit For The Year
Profit Before Taxation 488,153
Operating Income 28,053
Earning Per Share 0.52
Market Value Per share 4.72
No of shares 693,289
Dividend Payout Ratio
Dividend Payed 0.00

Ratio Analysis
2011
Current Ratio 74.70%
Quick Ratio 65.53%
Net Working Capital -4.33%

Return on Asset 1.55%

Return on Equity 4.43%

ROI 1.35%
Net Profit Margin 10.29%

Gross Profit Margin 17.35%

Asset Turnover Ratio 15.08%

Inventory Turnover Ratio 793.55%

Debt to Equity Ratio 192.45%

Debt to Asset Ratio 17.13%

Net Operating Income 0.59%
Operating Asset Turnover 17.30%
Return on Operating Assets 0.10%
Current Ratio 15.08%
Return on Fixed Assets 0.10%
Return on Sales 10.29%
Acid Test Ratio 42.15%
Cash Ratio 32.97%
Days Sales Outsatanding 1.32%
Days inventory Outstanding 0.01%
Operating Cycle 1.34%
Earning Per Share 0.52
Price Earning Ratio 9.08
Dividend Payout Ratio 0.00%
Dividend Yield Ratio 0.00%
Book Value Per Share 15.89
Retainion Ratio 100.00%

Retention Ratio 100.00%

Vertical Analysis
2011
Total Equity 34.19%
Non Current Liabilties 49.09%
Current Liabilities 16.72%
Total O.E + Liabilities 100%
32,210,829
Current Assets 12.79%
Non Current Assets 87.21%
Total Assets 100%
31,441,362

Horizontal Analysis
2011
Total Equity 100%
Non Current Liabilties -29%
Current Liabilities 100%
Total O.E + Liabilities 100%
39,228,274,797
NonCurrent Assets 100%
Current Assets 100%
Total Assets 31,441,362
Cement
2012 2013 2014 2015

13,798,150 13,798,150 13,798,150 13,798,150

-- -
-
106,955 2,138,211 2,138,211 3,620,834
13,905,105 15,936,361 15,936,361 17,418,984

-- -
-
10,174,513 7,924,264 5,362,998 4,000,119
24,851 2,034,994 3,747,461 4,378,810

1,104,823 - - -
11,304,187 9,959,258 9,110,459 8,378,929

1,778,447 1,483,438
1,725,648 2,055,628
349,377 206,362 163,457 144,013

985,954 159,685 42,232 5,758

2,380,395 2,559,945 2,551,169 2,524,978

4,409,430 4,482,506
5,494,173 4,730,377
30,703,465 30,305,049 29,529,326
30,528,290

25,897,954 24,734,325 23,881,426 23,880,553

3,600 2,700 1,800 900
642,093 528,934 309,749 233,241
26,543,647 31,892,664,887 24,192,975 24,114,694

2,554,433 2,016,336
1,869,919 1,965,411

955,337 1,409,107
981,092 888,536
64,241 205,802 580,214 566,141

13,077 50,414
12,920 11,190

192,024 179,119 268,545 375,563

393 10,472 173 3,902

165,242 20,585
222,011 6,039

- -
55,394 300,211
215,071 322,669 842,983 2,296,603
3,967,794 3,536,729 5,188,357 6,413,596
30,511,441 30,305,049 29,381,332 30,528,290

11,523,050 15,967,900 17,532,277 18,642,358

8,454,600 10,887,427 11,448,142 11,615,261

3,068,450 6,084,135 7,027,097

5,080,473
 552,590 4,116,165
2,097,067 2,625,994
966,245 3,085,525 4,509,505 5,679,891
26,519 143,866 125,106 141,018
0.29 1.42 1.80 2.91
4.53 7.90 15.41 26.46
1,294,518 1,713,105 1,713,105 1,713,105
88.00 42.67 34.36
0.00 1.25 0.75 1.00

2012 2013 2014 2015

72.22% 80.21% 115.75% 135.58%
54.83% 57.96% 84.31% 116.80%
-5.00% -2.88% 2.40% 5.51%

3.17% 10.18% 15.35% 18.61%

6.95% 19.36% 28.30% 32.61%

1.81% 6.92% 8.94% 13.48%
8.39% 19.32% 25.72% 30.47%

26.63% 31.82% 34.70% 37.69%

bestway
37.77% 52.69% 59.67% 120.00%61.07%

884.99% 1109.73% 812.44% 1307.24%

100.00%
120.81% 90.16% 85.30% 75.26%
80.00%
18.01% 14.55% 15.26% 15.50%
0.23% 0.90% 0.71% 60.00% 0.76%
43.41% 0.05% 72.47% 77.31%
40.00%

20.00%

0.00%
 80.00%

60.00%

40.00%
0.10% 0.00% 0.52% 0.58%
37.77% 52.69% 59.67% 20.00%61.07%
0.10% 0.00% 0.52% 0.58%
8.39% 19.32% 25.72% 0.00%30.47%
2011 2012 2013 2014 2015
27.81% 38.66% 56.69% 75.40%
10.42% 16.41% 25.26% 56.62%
0.22% 0.16% 1.75% 5.96%
0.01% 0.02% 0.02% 0.02%
0.23% 0.18% 1.77% 5.98%
0.29 1.42 1.80 2.91
15.62 5.56 8.56 9.09
0.00% 88.03% 41.67% 34.36%
0.00% 15.82% 4.87% 3.78%
10.74 9.30 9.30 10.17
100.00% 11.97% 58.33% 65.64%

100.00% 84.13% 58.33% 65.64%

2012 2013 2014 2015

45.29% 52.59% 53.97% 57.06%
36.82% 32.86% 30.85% 27.45%
17.89% 14.55% 15.18% 15.50%
100% 100% 100% 100%
30,703,465 30,305,049 29,529,326 30,528,290
13.00% 11.67% 17.66% 21.01%
87.00% 105238.78% 82.34% 78.99%
 100% 100% 100% 100%
30,511,441 30,305,049 29,381,332 30,528,290

2012 2013 2014 2015

26.25% 44.69% 44.69% 58.15%
-37% -42% -47% -100%
2.03% -18.11% -16.76% -12.15%

30,703,465 30,305,049 29,529,326 30,528,290

-3.19% 116217.19% -11.76% -12.05%
-1.36% -12.08% 28.98% 59.44%
30,703,465 30,305,049 34,794,745,224 62,247,738,398
 Gross profit margin Net Profit
40.00% 35.00%

35.00% 30.00%
30.00%
25.00%
25.00%
20.00%
20.00%
15.00%
15.00%
10.00%
10.00%

5.00% 5.00%

0.00% 0.00%
2011 2012 2013 2014 2015 2011 2012 20

ROE ROA
35.00% 20.00%
18.00%
30.00%
16.00%
25.00% 14.00%
12.00%
20.00%
10.00%
15.00% 8.00%

10.00% 6.00%
4.00%
5.00%
2.00%
0.00% 0.00%
2011 2012 2013 2014 2015 2011 2012 201

Quick ratio current

140.00% 160.00%

120.00% 140.00%

120.00%
100.00%
100.00%
80.00%
80.00%
60.00%
60.00%
40.00%
40.00%
20.00% 20.00%

0.00% 0.00%
2011 2012 2013 2014 2015 2011 2012 20

Operating asset turnover Net Operatin

90.00% 1.00%
80.00% 0.90%
 Operating asset turnover Net Operatin
90.00% 1.00%
80.00% 0.90%

70.00% 0.80%
0.70%
60.00%
0.60%
50.00%
0.50%
40.00%
0.40%
30.00%
0.30%
20.00% 0.20%
10.00% 0.10%
0.00% 0.00%
2011 2012 2013 2014 2015 2011 2012 20

Inventory turnover ratio Asset tur

1400.00% 70.00%

1200.00% 60.00%

1000.00% 50.00%

800.00% 40.00%

600.00% 30.00%

400.00% 20.00%

200.00% 10.00%

0.00% 0.00%
2011 2012 2013 2014 2015 2011 2012 20

days inventory outstanding days sales ou

0.03% 7.00%

6.00%
0.02%
5.00%

0.02% 4.00%

3.00%
0.01%

2.00%
0.01%
1.00%

0.00% 0.00%
2011 2012 2013 2014 2015 2011 2012 20

acid test ratio return on

80.00% 35.00%

70.00%
 acid test ratio return on
80.00% 35.00%

70.00% 30.00%
60.00%
25.00%
50.00%
20.00%
40.00%
15.00%
30.00%
10.00%
20.00%

10.00% 5.00%

0.00% 0.00%
2011 2012 2013 2014 2015 2011 2012 20

Current ratio Book value p

70.00% 18.00
16.00
60.00%
14.00
50.00%
12.00
40.00% 10.00

30.00% 8.00
6.00
20.00%
4.00
10.00%
2.00
0.00% 0.00
2011 2012 2013 2014 2015 2011 2012 201

Dividend payout ratio Price earn

100.00% 18.00
90.00% 16.00
80.00% 14.00
70.00%
12.00
60.00%
10.00
50.00%
8.00
40.00%
6.00
30.00%
20.00% 4.00

10.00% 2.00
0.00% 0.00
2011 2012 2013 2014 2015 2011 2012 201

operating cycle Retaionion

7.00% 120.00%
 operating cycle Retaionion
7.00% 120.00%

6.00% 100.00%

5.00%
80.00%
4.00%
60.00%
3.00%
40.00%
2.00%
20.00%
1.00%

0.00% 0.00%
2011 2012 2013 2014 2015 2011 2012 20
 Net Profit margin ROI
16.00%

14.00%

12.00%

10.00%

8.00%

6.00%

4.00%

2.00%

0.00%
1 2012 2013 2014 2015 2011 2012 2013 2014

ROA NWC
8.00%

6.00%

4.00%

2.00%

0.00%
2011 2012 2013 2014
-2.00%

-4.00%

2012 2013 2014 2015 -6.00%

current ratio Return on operating assets

0.70%

0.60%

0.50%

0.40%

0.30%

0.20%

0.10%

0.00%
2011 2012 2013 2014
1 2012 2013 2014 2015

Net Operating income Debt to equity ratio

250.00%
 Net Operating income Debt to equity ratio
250.00%

200.00%

150.00%

100.00%

50.00%

0.00%
2012 2013 2014 2015 2011 2012 2013 2014

Asset turnover Debt to Asset ratio

20.00%
18.00%
16.00%
14.00%
12.00%
10.00%
8.00%
6.00%
4.00%
2.00%
0.00%
1 2012 2013 2014 2015 2011 2012 2013 2014

days sales outstanding Cash ratio

60.00%

50.00%

40.00%

30.00%

20.00%

10.00%

0.00%
2012 2013 2014 2015 2011 2012 2013 2014

return on sales fixed asset ratio

0.70%
 return on sales fixed asset ratio
0.70%

0.60%

0.50%

0.40%

0.30%

0.20%

0.10%

0.00%
1 2012 2013 2014 2015 2011 2012 2013 2014

Book value per share Dividend yield ratio

18.00%
16.00%
14.00%
12.00%
10.00%
8.00%
6.00%
4.00%
2.00%
0.00%
2012 2013 2014 2015 2011 2012 2013 2014

Price earning ratio Earning per share

3.50

3.00

2.50

2.00

1.50

1.00

0.50

0.00
2012 2013 2014 2015 2011 2012 2013 2014

Retaionion Ratio Operating Cycle

7.00%
 Retaionion Ratio Operating Cycle
7.00%

6.00%

5.00%

4.00%

3.00%

2.00%

1.00%

0.00%
1 2012 2013 2014 2015 2011 2012 2013 2014
 ROI

2013 2014 2015

NWC

2013 2014 2015

n on operating assets

2013 2014 2015

ebt to equity ratio

ebt to equity ratio

2013 2014 2015

ebt to Asset ratio

2013 2014 2015

Cash ratio

2013 2014 2015

fixed asset ratio

fixed asset ratio

2013 2014 2015

vidend yield ratio

2013 2014 2015

arning per share

2013 2014 2015

Operating Cycle
Operating Cycle

2013 2014 2015