HSIL

LEGEND
Inputs
Calculated with formulae
Assumptions
Parameters
PAT
Sales
Total Shareholder Funds
Minority Interest
Net Worth
ROE
Operating Profit
Interest
NCL(Debt)
Total Assets
ROCE
Cost of Equity(Ke)

Units
INR crores
INR crores
INR crores
INR crores
INR crores
Percent
INR crores
INR crores
INR crores
INR crores
Percent
Percent

Mar-14
56.20
1,858.20
1,028.29
0
1028.29
5.47%
271.11
71.78
687.93
1716.22
7.46%
15%

Mar-13
99.12
1,761.27
1,026.28
0
1026.28
9.66%
264.11
69.39
719.19
1745.47
9.65%
15%

After tax cost of debt (Kd)

Percent
Percent
INR crores

10%
13.00%
-95.06

10%
12.94%
-57.35

WACC
EVA

DU-PONT Analysis

Net Profit Margin

Total Assets Turnover
Total Leverage
ROE

Units
Percent
Ratio
Ratio
Percent

Return on Investment (Return on Assets)

Total Leverage Ratio
1/(Degree of Financial Leverage)
Return on Equity

Percent
Ratio
Ratio
Percent

3.02%
1.08
1.67
5.47%

5.63%
1.01
1.70
9.66%

15.80%
1.67
0.21
5.47%

15.13%
1.70
0.38
9.66%

0.00

Mar-12
110.10
1,462.82
967.39
0
967.3947
11.38%
258.28
41.95
636.44
1603.8377
9.48%
15%

Mar-11
87.35
1,095.55
671.88
0
671.8793
13.00%
216.59
36.45
376.01
1047.8863
11.81%
15%

Mar-10
52.43
818.86
467.29
0
467.2903
11.22%
154.80
40.1949
546.75
1014.0369
9.13%
15%

10%
13.02%
-56.70

10%
13.21%
-14.58

10%
12.30%
-32.14

7.53%
0.91
1.66
11.38%

7.97%
1.05
1.56
13.00%

6.40%
0.81
2.17
11.22%

16.10%
1.66
0.43
11.38%

20.67%
1.56
0.40
13.00%

15.27%
2.17
0.34
11.22%

Kajaria Ceramics
LEGEND
Inputs
Calculated with formulae
Assumptions
Parameters
PAT
Sales
Total Shareholder Funds
Minority Interest
Net Worth
ROE
Operating Profit
Interest
NCL(Debt)
Total Assets
ROCE
Cost of Equity(Ke)

Units
INR crores
INR crores
INR crores
INR crores
INR crores
Percent
INR crores
INR crores
INR crores
INR crores
Percent
Percent

Mar-14
124.20
1,838.70
529.15
40.858
570.009
21.79%
287.00
40.82
165.30
735.308
22.44%
15%

Mar-13
104.51
1,583.28
360.88
27.519
388.397
26.91%
247.69
45.35
163.63
552.025
27.15%
15%

After tax cost of debt (Kd)

Percent
Percent
INR crores

10%
13.88%
62.99

10%
13.52%
75.24

WACC
EVA

DU-PONT Analysis

Net Profit Margin

Total Assets Turnover
Total Leverage Ratio
ROE

Units
Percent
Ratio
Ratio
Percent

6.75%
2.50
1.29
21.79%

6.60%
2.87
1.42
26.91%

Return on Investment (Return on Assets)

Total Leverage Ratio
1/(Degree of Financial Leverage)
Return on Equity

Percent
Ratio
Ratio
Percent

39.03%
1.29
0.43
21.79%

44.87%
1.42
0.42
26.91%

Mar-12
80.883
1,312.79
281.90
7.22
289.117
27.98%
207.77
48.51
140.85
429.967
30.09%
15%

Mar-11
60.662
953.28
222.56
1.84
224.401
27.03%
148.95
29.94
160.40
384.8
23.54%
15%

Mar-10
35.85
735.54
189.34
0
189.34
18.94%
115.67
37.5
130.43
319.768
22.94%
15%

10%
13.36%
71.94

10%
12.92%
40.90

10%
12.96%
31.91

6.16%
3.05
1.49
27.98%

6.36%
2.48
1.71
27.03%

4.87%
2.30
1.69
18.94%

48.32%
1.49
0.39
27.98%

38.71%
1.71
0.41
27.03%

36.17%
1.69
0.31
18.94%

Ambuja Cement
LEGEND
Inputs
Calculated with formulae
Assumptions arrived from annual reports

http://www.ambujacement.com/inve

Parameters
PAT
Sales
Total Shareholder Funds
Minority Interest
Net Worth
ROE
Operating Profit
Interest
NCL(Debt)
Total Assets
ROCE
Cost of Equity(Ke)

Units
INR crores
INR crores
INR crores
INR crores
INR crores
Percent
INR crores
INR crores
INR crores
INR crores
Percent
Percent

After tax cost of debt (Kd)

Percent
Percent
INR crores

WACC
EVA

31/12/2013
31/12/2012
1221.87
1285.11
9,118.00
9,739.54
9461.89
8797.41
0.71
0.84
9462.6
8798.25
12.91%
14.61%
1141.98
1898.04
247.88
256.63
640.86
614.32
10103.46
9412.57
14.55%
16.38%
15.70%
16.94%
7.20%
15.17%
-62.48

5.78%
16.22%
15.39

DU-PONT Analysis

Net Profit Margin

Total Assets Turnover
Total Leverage
ROE

Units
Percent
Ratio
Ratio
Percent

13%
0.90
1.07
12.91%

13%
1.03
1.07
14.61%

Return on Investment (Return on Assets)

Total Leverage Ratio
1/(Degree of Financial Leverage)
ROE

Units
Percent
Ratio
Ratio
Percent

11%
1.07
107%
12.91%

20%
1.07
68%
14.61%

/www.ambujacement.com/investor-relations/annual-reports/

31/12/2011
31/12/2010
31/12/2009
1220.75
1251.61
1216.84
8,531.23
7,390.21
7,076.87
8064.67
7326.46
6467.66
2.46
0
0.24
8067.13
7326.46
6467.9
15.13%
17.08%
18.81%
1453.51
1424.46
1568.39
164.24
100.3
35.32
714.07
595.91
651.54
8781.2
7922.37
7119.44
15.77%
17.06%
17.59%
16.44%
15.74%
16.14%
6.12%
15.61%
14.66

6.45%
15.05%
159.96

5.74%
15.19%
170.54

14%
0.97
1.09
15.13%

17%
0.93
1.08
17.08%

17%
0.99
1.10
18.81%

17%
1.09
84%
15.13%

18%
1.08
88%
17.08%

22%
1.10
78%
18.81%

UltraTech Cement Limited

LEGEND
Inputs
Calculated with formulae
Assumptions
Parameters
PAT
Sales
Total Shareholder Funds
Minority Interest
Net Worth
ROE
Operating Profit
Interest
NCL(Debt)
Total Assets
ROCE
Cost of Equity(Ke)

Units
INR crores
INR crores
INR crores
INR crores
INR crores
Percent
INR crores
INR crores
INR crores
INR crores
Percent
Percent

Mar-14
2213
21443.72
17181.9
-6.75
17175.15
12.88%
4054.49
361
8461.69
25636.84
10.04%
15%

Mar-13
2688.07
21319.09
15229.59
10.34
15239.93
17.64%
4839.33
252.34
6396.41
21636.34
13.59%
15%

After tax cost of debt (Kd)

Percent
Percent
INR crores

10%
13.35%
-848.44

10%
13.52%
14.78

WACC
EVA

DU-PONT Analysis

Net Profit Margin

Total Assets Turnover
Total Leverage
ROE

Units
Percent
Ratio
Ratio
Percent

10.32%
0.84
1.49
12.88%

12.61%
0.99
1.42
17.64%

Return on Investment (Return on Assets)

Total Leverage Ratio
1/(Degree of Financial Leverage)
ROE

Percent
Ratio
Ratio
Percent

15.82%
1.49
0.55
12.88%

22.37%
1.42
0.56
17.65%

mited

Mar-12
2397.26
19235.7
12824.42
-6
12818.42
18.70%
4193.9
256.42
5546.02
18364.44
14.45%
15%

Mar-11
1361.07
13686.88
10646.6
-6.28
10640.32
12.79%
2589.33
318.29
5540.88
16181.2
10.38%
15%

Mar-10
1096.84
7168.21
4619.53
1.64
4621.17
23.74%
1992.94
124.11
1607.07
6228.24
19.60%
15%

10%
13.49%
176.32

10%
13.29%
-470.78

10%
13.71%
367.07

12.46%
1.05
1.43
18.70%

9.94%
0.85
1.52
12.79%

15.30%
1.15
1.35
23.74%

22.84%
1.43
0.57
18.69%

16.00%
1.52
0.53
12.78%

32.00%
1.35
0.55
23.74%

Shree Cement Ltd.

LEGEND
Inputs
Calculated with formulae
Assumptions

Source:

Parameters
PAT
Sales
Total Shareholder Funds
Minority Interest
Net Worth
ROE
Operating Profit
Interest
NCL(Debt)
Total Assets
ROCE
Cost of Equity(Ke)

Units
INR crores
INR crores
INR crores
INR crores
INR crores
Percent
INR crores
INR crores
INR crores
INR crores
Percent
Percent

After tax cost of debt (Kd)

Percent
Percent
INR crores

WACC
EVA

http://www.shreecement.in/pdf/financi

31/12/2013
31/12/2012
1003.97
618.5
6357.41
6641.55
3843.65
2733.93
0
0
3843.65
2733.93
26.12%
22.62%
1749.25
1808.54
193.14
235.36
977.38
961.07
4821.03
3695
24.83%
23.11%
15%
15%
10%
13.99%
522.82

10%
13.70%
347.66

DU-PONT Analysis

Net Profit Margin

Total Assets Turnover
Total Leverage Ratio
ROE

Units
Percent
Ratio
Ratio
Percent

15.79%
1.32
1.25
26.12%

9.31%
1.80
1.35
22.62%

Return on Investment (Return on Assets)

Total Leverage Ratio
1/(Degree of Financial Leverage)
Return on Equity

Percent
Ratio
Ratio
Percent

36.28%
1.25
0.57
26.12%

48.95%
1.35
0.34
22.62%

d.

www.shreecement.in/pdf/financial-highlights2013.pdf

31/12/2011

31/12/2010

209.7
4004.55
1986.18
0
1986.18
10.56%
1009.93
175.35
1844.29
3830.47
10.05%
15%

676.1
4089.92
1833.24
0
1833.24
36.88%
1578.35
76.58
2007.24
3840.48
19.60%
15%

31/12/2009
577.97
3130.75
1210.02
0
1210.02
47.77%
992.64
33.41
1434.31
2644.33
23.12%
15%

10%
12.59%
-97.31

10%
12.39%
276.97

10%
12.29%
286.45

5.24%
1.05
1.93
10.56%

16.53%
1.06
2.09
36.88%

18.46%
1.18
2.19
47.77%

26.37%
1.93
0.21
10.56%

41.10%
2.09
0.43
36.88%

37.54%
2.19
0.58
47.77%