Profit & Loss (Local Sales) 2019 2018 2017 2016 2015

Sales Rs. Millions 25206 19948 17629 14201 14676

Gross Profit Rs. Millions 5272 4094 3171 3214 2681
Operating Profit Rs. Millions 2412 1458 741 987 931
Earning before
intrest and tex Rs. Millions 2412 1458 741 987 931
Profit before tax Rs. Millions 1763 1024 355 587 344
Profit / loss after
tex Rs. Millions 1587 913 360 502 266
Cash dividend Rs. Millions 392 392 156 244 150
Bonus share Rs. Millions

Balance sheet

Property, plant Rs. Millions 18994 16104 15969 12050 9039 8210
and equipment
Intengible Rs. Millions 45 24 34 13 11 20
Lon term
investment, loans Rs. Millions 492 299 291 236 165 151
advance and
depoits

Net current assets Rs. Millions 4843 3211 2088 1394 756 890

Total assets Rs. Millions 24374 19638 18382 13693 9971 9271
employed

Represented by

Share Capital Rs. Millions 3565 3565 3565 2971 2285 1828
Reserved Rs. Millions 11768 9056 7349 5746 4884 4832
Shareholders Rs. Millions 15333 12621 10914 8717 7169 6660
Equity
Long term loans Rs. Millions 8857 6912 7146 4630 2408 2239

Deferred liabilities Rs. Millions 158 87 322 345 394 372

Total capital Rs. Millions 24348 19620 18382 13692 9971 9271
employed

Cash Flow
Statement
Operating Rs. Millions 160 -1083 2071 -2085 670 2090
activities

Investing activities Rs. Millions -4899 -1956 -5275 -4159 -1783 -1833
Financing activities Rs. Millions 875 100 4097 2407 108 217

Cash and cash

equivalents at Rs. Millions -18470 -14606 -11665 -12559 -8721 -7715
the end of the
year

Profitability ratios

Gross profit ratio % 21 20.99 17.99 22.64 18.27 18.1

Operating leverage Times 0.035 0.035 -0.45 -0.81 -8.6 1.21

ratio
EBITDA margin to % 9.56 7.32 4.25 6.95 6.34 10.66
sales

Net profit to sales % 6.29 4.55 2.04 3.54 1.81 3.74

Return on equity % 11.36 7.75 3.67 6.32 3.35 20.43

Return on capital % 9.9 7.43 4.03 7.2 9.33 30.91

employed

Liquidity ratios
Current ratio 1.16 1.14 1.11 1.08 1.05 1.06
Quick / acid test 0.39 0.4 0.37 0.26 0.2 0.2
ratio
Cash to current 0.02 0.02 0.01 0.02 0.01 0.01
liabilities

Cash flow from 0 -0.02 0.05 -0.06 0.02 0.06

operations to sales

Capital structure
ratios
Financial leverage 1.89 1.85 1.81 2.06 1.67 1.62
ratio

Weighted average 0.05 0.04 0.04 0.04 0.11 0.09

cost of debt

Debt to equity 0.58 0.55 0.65 0.53 0.34 0.34

ratio

Interest cover ratio 3.72 3.36 1.92 2.47 1.59 2.29

Turnover ratios
Inventory turnover Days 151 145 146 184 155 145

Inventory turnover 2.42 2.52 2.5 1.99 2.35 2.52

ratio
Debtor turnover Days 40 35 26 24 18 22
Debtor turnover 9.19 10.44 14.04 15.09 20.33 16.76
ratio

Creditors turnover Days 149 148 204 243 223 163

Creditors turnover 2.45 2.46 1.79 1.5 1.64 2.24

ratio
Fixed assets 3.02 2.83 2.51 2.68 3.69 4.02
turnover ratio
Total assets 1.05 1.05 1.09 1 1.34 1.36
turnover ratio
Operating cycle Days 42 32 -31 -35 -50 4
Years Sales
2014 33013 Sales Pr
2015 33355
2016 32275
2017 40066 40066
4
33013 33355 32275
2018 45626
2019 57288 2014 2015 2016 2017 2
2020 56868.4 2014 2015 2016 2017 2
2021 64063 Year
2022 71465.32

Years Gross Profit

2014 5976 Gross
2015 6094
2016 7306
2017 7207 9
2018 9578 7306 7207
5976 6094
2019 11982
2014 2015 2016 2017 2
2020 12062.13333
2014 2015 2016 2017 2
2021 13662.15556
Yea rs
2022 15174.56593

Profit before
Years tax
2014 1496
2015 783
Profit b
2016 1335
2017 809
2018 2328 22
2014 2015 2016 2017
2019 4008 1496 1335
783 809
2020 3460.066667
2014 2015 2016 2017 2
2021 4412.844444
Years
2022 5227.727407

Profit after
Years tax
2014 1235 Profit
2015 605
2016 1141
2017 818
2014 2015 2016 2017 2
2018 2075 1235 1141
605 818
2019 3609
2014 2015 2016 2017 2
2020 3176.2
Years
2021 4055.733333
2022 4797.382222

Net current
Years assets
Net curr
2014 890
2015 756
2016 1394
2017 2088
3
2018 3211
2014 2015 2016 2088
2017 2
2019 4843 890
1394
756
2020 4979.4
2014 2015 2016 2017 2
2021 6137.266667
Years
2022 7177.697778

Export Sales
Years (millions) Expo
2018 24568112
2019 30521530
3
2020 36474948 30521530
24568112
2021 42428366
2022 48381784 2018 2019
1 2
Yea rs
 Sales Projections
71465.3200
64063 000022
57288 56868.4000
000004
45626
40066
55 32275

15 2016 2017 2018 2019 2020 2021 2022

15 2016 2017 2018 2019 2020 2021 2022
Years Sal es

Gross Profit
15174.56592
13662.15555
59264
12062.13333
55561
11982 33338
9578
7306 7207
94

15 2016 2017 2018 2019 2020 2021 2022

15 2016 2017 2018 2019 2020 2021 2022
Yea rs Gros s Profit

Profit before tax

5227.72740
4412.8444474073
4008 3460.0666644444
66667
15 2016 2017 2328
2018 2019 2020 2021 2022
1335
3 809
15 2016 2017 2018 2019 2020 2021 2022
Years Profit before tax

Profit after tax

4797.38222
4055.7333322224
3609 3176.2000033336
00001
15 2016 2017 2075
2018 2019 2020 2021 2022
1141 818
05
15 2016 2017 2018 2019 2020 2021 2022
Years Profit after tax
 Net current asset
7177.6977777
779
6137.2666666
668
4979.4000000
4843 001
3211
15 2016 2088
2017 2018 2019 2020 2021 2022
1394
6
15 2016 2017 2018 2019 2020 2021 2022
Years Net current a ss ets

Export Sales
48381784
42428366
36474948
30521530

2019 2020 2021 2022

2 3 4 5
Yea rs Export Sa les (mil lions)