Annual results in brief

(Rs crore)

Mar ' 16 Mar ' 15 Mar ' 14 Mar ' 13 Mar ' 12

Sales 5,862.10 5,744.20 6,522.40 6,395.40 6,362.10

Operating profit 43.40 176.30 140.00 594.80 738.80

Interest 331.00 336.20 318.20 367.10 369.90

Gross profit -285.50 -156.00 -123.50 242.70 370.00

EPS (Rs) -3.07 -3.18 -6.95 0.77 1.25

Annual results in details

Mar ' 16 Mar ' 15 Mar ' 14 Mar ' 13 Mar ' 12

Other income 2.10 3.90 54.70 15.00 1.10

Stock adjustment 120.90 -341.40 826.80 -163.30 -388.10

Raw material 3,943.10 4,396.40 4,397.00 4,438.50 3,498.90

Power and fuel - - - - -

Employee expenses 114.60 127.60 121.90 129.00 128.90

Excise - - - - -

Admin and selling expenses - - - - -

Research and development expenses - - - - -

Expenses capitalised - - - - -

Other expenses 1,640.10 1,385.30 1,036.70 1,396.40 2,383.60

Provisions made - - - - -

Depreciation 145.80 155.60 165.60 159.20 145.50

Taxation -146.00 -150.70 -154.70 24.00 51.00

Net profit / loss -285.30 -295.10 -466.10 51.80 84.10

Extra ordinary item - -134.20 -331.70 -7.70 -89.40

Prior year adjustments - - - - -

Equity capital 92.90 92.90 67.10 67.10 67.10

Equity dividend rate - - - - -

Agg.of non-prom. shares (Lacs) - 4138.26 4138.28 4139.28 4158.35

Agg.of non promotoholding (%) - 44.55 61.64 61.66 61.94

OPM (%) 0.74 3.07 2.15 9.30 11.61

GPM (%) -4.87 -2.71 -1.88 3.79 5.81

NPM (%) -4.87 -5.13 -7.09 0.81 1.32

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Balance sheet
(Rs crore)

Mar ' 16 Mar ' 15 Mar ' 14 Mar ' 13 Mar ' 12

Sources of funds

Owner's fund

Equity share capital 92.88 92.88 67.13 67.13 67.13

Share application money - - - - -

Preference share capital - - - - -

Reserves & surplus 1,159.62 1,444.90 1,268.56 1,725.86 1,713.37

Loan funds

Secured loans 3,270.20 3,123.68 3,231.67 1,929.80 3,553.04

Unsecured loans - 26.97 144.03 56.82 432.83

Total 4,522.69 4,688.42 4,711.40 3,779.62 5,766.37

Uses of funds

Fixed assets

Gross block 5,377.52 3,400.73 3,390.69 3,266.97 3,057.50

Less : revaluation reserve 1,973.54 - - - -

Less : accumulated depreciation 986.59 845.90 694.85 531.87 374.45

Net block 2,417.39 2,554.83 2,695.84 2,735.10 2,683.05

Capital work-in-progress 29.42 26.70 24.37 27.04 120.48

Investments 1,948.97 1,947.47 2,013.96 2,012.89 2,013.49

Net current assets

Current assets, loans & advances 3,195.45 2,590.44 1,922.95 3,208.39 2,725.00

Less : current liabilities & provisions 3,068.54 2,431.01 1,945.72 4,203.80 1,775.65

Total net current assets 126.91 159.43 -22.77 -995.41 949.34

Miscellaneous expenses not written - - - - -

Total 4,522.69 4,688.42 4,711.40 3,779.62 5,766.37

Notes:

Book value of unquoted investments 1,939.50 1,938.00 2,004.49 2,003.40 2,003.40

Market value of quoted investments 8.09 3.90 5.30 5.04 6.26

Contingent liabilities 2,333.35 2,235.94 2,368.44 2,019.00 2,095.42

Number of equity sharesoutstanding (Lacs) 9288.11 9288.11 6713.20 6713.20 6713.20

Profit loss account
(Rs crore)

Mar ' 16 Mar ' 15 Mar ' 14 Mar ' 13 Mar ' 12

Income

Operating income 5,862.05 5,744.20 6,522.38 6,395.43 6,362.10

Expenses

Material consumed 5,338.99 5,203.97 5,919.22 5,427.49 5,049.02

Manufacturing expenses 120.34 109.92 191.15 120.60 122.99

Personnel expenses 114.58 127.58 121.89 129.04 144.44

Selling expenses - - - - -

Adminstrative expenses 146.98 126.41 150.13 120.92 303.31

Expenses capitalised - - - - -

Cost of sales 5,720.90 5,567.88 6,382.39 5,798.05 5,619.75

Operating profit 141.16 176.32 139.99 597.38 742.35

Other recurring income 2.08 3.89 54.73 15.00 1.13

Adjusted PBDIT 143.23 180.20 194.72 612.38 743.48

Financial expenses 331.01 336.17 318.20 367.10 369.87

Depreciation 145.79 155.61 165.64 159.20 145.47

Other write offs - - - 2.52 3.78

Adjusted PBT -333.57 -311.58 -289.12 83.56 224.35

Tax charges -145.99 -150.70 -154.71 24.01 50.91

Adjusted PAT -187.58 -160.89 -134.41 59.55 173.44

Non recurring items -97.70 -134.20 -331.68 -7.71 -89.39

Other non cash adjustments - - - - -

Reported net profit -285.28 -295.09 -466.09 51.84 84.05

Earnigs before appropriation -411.21 -450.15 -221.91 335.96 412.98

Equity dividend - - - 27.86 56.24

Preference dividend - - - - -

Dividend tax - - - 5.71 10.89

Retained earnings -411.21 -450.15 -221.91 302.40 345.84

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Cash flow
(Rs crore)

Mar ' 16 Mar ' 15 Mar ' 14 Mar ' 13 Mar ' 12

Profit before tax -431.27 -445.78 -620.80 75.85 135.05

Net cashflow-operating activity 488.66 261.39 -565.04 2,282.42 -675.81

Net cash used in investing activity -14.00 58.04 -16.94 -68.05 -1,247.78

Netcash used in fin. activity -477.96 -340.68 536.30 -2,133.28 1,910.51

Net inc/dec in cash and equivlnt -3.30 -21.25 -45.68 81.08 -13.08

Cash and equivalnt begin of year 21.22 42.47 88.15 10.39 23.47

Cash and equivalnt end of year 17.92 21.22 42.47 91.47 10.39
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Dividend
Year Month Dividend (%)

2013 May 50

2011 Sep 100

2010 Sep 100

2009 Sep 100

2008 Nov 20

2007 Nov 20

2006 Nov 20

2005 Nov 20

Bonus announcement
(Rs crore)

Year Month Ratio Ex Bonus Date

2010 Jan 1:1 15/03/2010

Share holding
Share holding pattern as on : 30/09/2016 30/06/2016 31/03/2016

Face value 1.00 1.00 1.00

Share holding pattern as on : 30/09/2016 30/06/2016 31/03/2016

No. Of No. Of
Shares % Holding Shares % Holding No. Of Shares % Holding

Promoter's holding

Indian
Promoters 256253860 27.59 256253860 27.59 256253860 27.59

Foreign
Promoters 258731074 27.86 258731074 27.86 258731074 27.86

Sub total 514984934 55.45 514984934 55.45 514984934 55.45

Non promoter's holding

Institutional investors

Banks
Fin. Inst.
and
Insurance 22267230 2.40 21934283 2.36 21127617 2.27

FII's 24639904 2.65 23018234 2.48 31253358 3.36

Sub total 46912081 5.05 44958020 4.84 52386722 5.64

Other investors

Others 98600951 10.62 105400988 11.35 90592283 9.75

Sub total 98600951 10.62 105400988 11.35 90592283 9.75

General
public 268313276 28.89 263467300 28.37 270847303 29.16

Grand
total 928811242 100.00 928811242 100.00 928811242 100.00
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Capital structure
(Rs crore)

From To Class Of Authorized Issued Paid Up Shares Paid Up Paid Up

Year Year Share Capital Capital (Nos) Face Value Capital

Equity
2015 2016 Share 160.00 92.88 928811242 1 92.88

Equity
2014 2015 Share 160.00 92.88 928811242 1 92.88

Equity
2013 2014 Share 160.00 67.13 671319650 1 67.13

Equity
2012 2013 Share 80.00 67.13 671319650 1 67.13

2010 2012 Equity 80.00 67.13 671319650 1 67.13

From To Class Of Authorized Issued Paid Up Shares Paid Up Paid Up
Year Year Share Capital Capital (Nos) Face Value Capital

Share

Equity
2009 2010 Share 80.00 67.04 670382000 1 67.04

Equity
2008 2009 Share 35.00 31.69 316900000 1 31.69

Equity
2007 2008 Share 35.00 27.60 275963160 1 27.60

Equity
2006 2007 Share 35.00 24.81 24809649 10 24.81

Equity
2005 2006 Share 35.00 23.81 23809649 10 23.81

Equity
2004 2005 Share 35.00 20.00 20000000 10 20.00

Equity
2003 2004 Share 35.00 14.71 14707200 10 14.71

Equity
2002 2003 Share 20.00 13.43 13302700 10 13.30

Equity
2001 2002 Share 20.00 12.76 12756000 10 12.76
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Ratios
(Rs crore)

Mar ' 16 Mar ' 15 Mar ' 14 Mar ' 13 Mar ' 12

Per share ratios

Adjusted EPS (Rs) -2.02 -1.73 -2.00 0.88 2.58

Adjusted cash EPS (Rs) -0.44 -0.05 0.46 3.30 4.81

Reported EPS (Rs) -3.07 -3.18 -6.94 0.77 1.25

Reported cash EPS (Rs) -1.50 -1.50 -4.48 3.18 3.48

Dividend per share - - - 0.50 1.00

Operating profit per share (Rs) 1.52 1.90 2.09 8.90 11.06

Book value (excl rev res) per share EPS (Rs) 13.48 16.56 19.90 26.71 26.52

Book value (incl rev res) per share EPS (Rs) 34.73 16.56 19.90 26.71 26.52
 Mar ' 16 Mar ' 15 Mar ' 14 Mar ' 13 Mar ' 12

Net operating income per share EPS (Rs) 63.11 61.84 97.16 95.27 94.77

Free reserves per share EPS (Rs) - - - - -

Profitability ratios

Operating margin (%) 2.40 3.06 2.14 9.34 11.66

Gross profit margin (%) -0.07 0.36 -0.39 6.85 9.38

Net profit margin (%) -4.86 -5.13 -7.08 0.80 1.32

Adjusted cash margin (%) -0.71 -0.09 0.47 3.45 5.07

Adjusted return on net worth (%) -14.97 -10.46 -10.06 3.32 9.74

Reported return on net worth (%) -22.77 -19.18 -34.89 2.89 4.72

Return on long term funds (%) -0.07 0.97 1.15 15.07 16.80

Leverage ratios

Long term debt / Equity 1.65 0.63 0.88 0.66 0.98

Total debt/equity 2.61 2.05 2.53 1.11 2.24

Owners fund as % of total source 27.69 32.79 28.35 47.43 30.87

Fixed assets turnover ratio 1.05 1.22 1.54 1.34 1.37

Liquidity ratios

Current ratio 1.04 1.07 0.98 0.76 1.53

Current ratio (inc. st loans) 0.58 0.38 0.31 0.55 0.46

Quick ratio 0.33 0.43 0.47 0.27 0.56

Inventory turnover ratio 3.08 4.01 6.50 3.11 3.76

Payout ratios

Dividend payout ratio (net profit) - - - 64.74 79.86

Dividend payout ratio (cash profit) - - - 15.71 28.77

Earning retention ratio 100.00 - - 43.64 61.30

Cash earnings retention ratio - - 100.00 84.84 79.20

Coverage ratios

Adjusted cash flow time total debt - - 108.09 8.98 12.35

Financial charges coverage ratio 0.43 0.53 0.61 1.67 2.01

Fin. charges cov.ratio (post tax) 0.57 0.58 0.05 1.58 1.63

Component ratios

Material cost component (% earnings) 89.01 96.53 78.07 87.41 85.46

Selling cost Component - - - - -

 Mar ' 16 Mar ' 15 Mar ' 14 Mar ' 13 Mar ' 12

Exports as percent of total sales 60.48 62.80 47.69 56.77 53.63

Import comp. in raw mat. consumed 55.93 58.22 61.54 60.86 11.92

Long term assets / total Assets 0.57 0.63 0.71 0.59 0.63

Bonus component in equity capital (%) 36.05 36.05 49.88 49.88 49.88
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