ADLABS BALANCE SHEET

(Rs in Cr.)

Mar ' 06 Mar ' 05 Mar ' 04 Mar ' 03 Mar ' 02
SOURCES OF FUNDS
Owner's Fund
Equity Share Capital 19.90 10.75 10.75 10.75 10.75
Share Application Money 0.00 0.00 0.00 0.00 0.00
Preference Share Capital 0.00 0.00 0.00 0.00 0.00
Reserves & Surplus 318.68 106.55 94.09 82.53 70.73
Loan Funds
Secured Loans 5.18 24.15 14.30 4.51 7.12
Unsecured Loans 459.92 0.00 0.00 7.10 7.93
Total 803.68 141.45 119.14 104.89 96.53

USES OF FUNDS
Fixed Assets
Gross Block 107.99 85.35 80.06 71.91 69.86
Less : Revaluation Reserve 0.00 0.00 0.00 0.00 0.00
Less : Accumulated Depreciation 29.86 21.45 16.63 12.15 7.90
Net Block 78.13 63.90 63.43 59.76 61.96
Capital Work-in-progress 227.99 6.18 1.13 2.01 0.93

Investments 442.41 13.02 13.34 0.05 0.00

Net Current Assets

Current Assets, Loans &
232.10 120.40 89.07 84.47 70.62
Advances
Less : Current Liabilities &
176.94 62.11 48.98 43.56 40.22
Provisions
Total Net Current Assets 55.16 58.28 40.09 40.91 30.40
Miscellaneous expenses not
0.00 0.06 1.15 2.16 3.24
written
Total 803.69 141.44 119.14 104.89 96.53
Note :
Book Value of Unquoted
442.41 13.02 13.34 0.05 0.00
Investments
Market Value of Quoted
0.00 0.00 0.00 0.00 0.00
Investments
Contingent liabilities 30.19 24.42 23.82 37.48 6.15
Number of Equity shares
398.01 215.01 215.01 215.01 215.01
outstanding (in Lacs)
 Year Dividend (%)

200603 45

200503 40

200403 50

200303 40

200203 25

200103 21

200003 35

199903 0

199803 0

199703 0
 Mar ' 06 Mar ' 05 Mar ' 04 Mar ' 03 Mar ' 02
PER SHARE RATIOS
Adjusted E P S (Rs.) 6.30 9.70 8.30 7.87 4.82
Adjusted Cash EPS (Rs.) 8.57 12.29 10.89 9.89 6.62
Reported EPS (Rs.) 6.61 9.61 8.21 7.75 4.81
Reported Cash EPS (Rs.) 8.87 12.20 10.79 9.77 6.61
Dividend Per Share 2.25 2.00 2.50 2.00 1.25
Operating Profit Per Share (Rs.) 10.59 16.04 14.62 13.22 8.50
Book Value (Excl Rev Res) Per Share (Rs.) 85.07 54.53 48.23 42.38 36.39
Book Value (Incl Rev Res) Per Share (Rs.) 85.07 54.53 48.23 42.38 36.39
Net Operating Income Per Share (Rs.) 25.99 38.18 35.04 34.45 26.47
Free Reserves Per Share (Rs.) 80.07 49.53 43.23 37.38 31.39
PROFITABILITY RATIOS
Operating Margin (%) 40.74 42.01 41.73 38.36 32.09
Gross Profit Margin (%) 32.16 35.36 35.78 32.62 25.44
Net Profit Margin (%) 24.14 23.67 22.35 21.33 16.95
Adjusted Cash Margin (%) 31.29 30.27 29.67 27.24 23.33
Adjusted Return On Net Worth (%) 7.41 17.79 17.21 18.56 13.23
Reported Return On Net Worth (%) 7.76 17.62 17.01 18.27 13.21
Return On long Term Funds (%) 4.83 25.74 24.71 26.74 19.12
LEVERAGE RATIOS
Long Term Debt / Equity 1.36 0.12 0.13 0.12 0.18
Total Debt/Equity 1.37 0.20 0.13 0.12 0.18
Owners fund as % of total Source 42.12 82.92 87.99 88.93 84.40
Fixed Assets Turnover Ratio 1.04 0.96 0.94 1.03 0.81
LIQUIDITY RATIOS
Current Ratio 1.31 1.94 1.82 1.94 1.76
Current Ratio (Inc. ST Loans) 1.24 1.51 1.82 1.94 1.76
Quick Ratio 1.30 1.92 1.81 1.92 1.74
Inventory Turnover Ratio 86.92 87.76 123.13 103.25 68.50
PAYOUT RATIOS
Dividend payout Ratio (Net Profit) 38.81 39.72 34.44 29.13 25.99
Dividend payout Ratio (Cash Profit) 28.91 31.29 26.19 23.10 18.90
Earning Retention Ratio 59.31 60.64 65.96 71.33 74.05
Cash Earnings Retention Ratio 70.06 68.93 74.04 77.19 81.12
COVERAGE RATIOS
Adjusted Cash Flow Time Total Debt 13.64 0.91 0.61 0.54 1.06
Financial Charges Coverage Ratio 39.06 22.49 22.23 27.32 18.62
Fin. Charges Cov.Ratio (Post Tax) 29.95 15.87 15.73 18.70 12.85
COMPONENT RATIOS
Material Cost Component(% earnings) 25.35 31.34 32.33 34.71 41.72
Selling Cost Component 2.83 2.31 1.88 1.29 1.47
Exports as percent of Total Sales 6.99 0.00 0.00 0.00 0.00
Import Comp. in Raw Mat. Consumed 0.00 0.00 0.00 0.00 0.00
Long term assets / Total Assets 0.76 0.40 0.46 0.42 0.47
Bonus Component In Equity Capital (%) 42.71 79.06 79.06 79.06 79.06