India Cements Limited

Latest Quarterly/Halfyearly Detailed Quarterly

As On(Months) 31-Dec-200931-Dec-2008(3)
Sales of Products/Services 8641.2 8637.2
Other Income 0 1.2
Total Income 8641.2 8638.4
Total Expenses 7476 6836
OPBDIT 1165.2 1802.4
Interest 298.9 293.2
Depreciation 573 512.5
Exceptional & Extraordinary Items 116.5 -132
Prior Period Adjustments 0 0
Provision for Tax 180.3 385
After Tax Profit 348 619.1
Equity Capital 2825.8 2823.7
Reserves 0 0
Notes to Accounts
Income Statement
31-Mar-09(12)
Profit / Loss A/C Rs mn %OI
   Net Sales (OI) 33594.91 100
   Material Cost 4063.8 12.1
   Increase Decrease Inventories -122.56 -0.36
   Personnel Expenses 1983.16 5.9
   Manufacturing Expenses 10047.15 29.91
Gross Profit 17623.37 52.46
   Administration Selling and Distribution Expenses 8346.38 24.84
EBITDA 9276.99 27.61
   Depreciation Depletion and Amortisation 2033.2 6.05
EBIT 7243.79 21.56
   Interest Expense 1121.49 3.34
   Other Income 1154.13 3.44
Pretax Income 7276.43 21.66
   Provision for Tax 2161.28 6.43
   Extra Ordinary and Prior Period Items Net -793.38 -2.36
Net Profit 4321.77 12.86
Adjusted Net Profit 5116.02 15.23
Dividend - Preference 0 0
Dividend - Equity -660.86 -1.97
Balance Sheet
31-Mar-09 %BT
    Equity Capital 2824.3 4.01
    Preference Capital 0 0
Share Capital 2824.3 4.01
Reserves and Surplus 33489.59 47.52
Loan Funds 19880.3 28.21
    Current Liabilities 10679.43 15.16
    Provisions 853.73 1.21
Current Liabilities and Provisions 11533.16 16.37
Total Liabilities and Stockholders Equity (BT) 70467.98 100
    Tangible Assets Net 34778.69 49.35
    Intangible Assets Net 3303.83 4.69
  Net Block 38082.52 54.04
  Capital Work In Progress Net 9040.41 12.83
Fixed Assets 47122.93 66.87
Investments 1589.73 2.26
  Inventories 3909.23 5.55
  Accounts Receivable 3539.78 5.02
  Cash and Cash Equivalents 851.97 1.21
  Other Current Assets 0 0
Current Assets 8300.99 11.78
Loans & Advances 13134.3 18.64
Miscellaneous Expenditure Other Assets 135.51 0.19
Total Assets (BT) 70467.98 100

Ratio Analysis
As on 31-Mar-09 31-Mar-08

Return Related
Return on Total Assets (%) 12.3 17.8
Return on Networth (%) 14.1 20.3
Return on Capital Employed (%) 20.8 28.3

Profitability
Gross Margin (%) 52.5 59.7
Operating Margin (%) 21.6 31.2
Net Profit Margin (%) 12.9 20.9
Adjusted Net Profit Margin (%) 15.2 22.2
Asset Turnover(x) 0.6 0.6

Leverage
Debt/Equity ratio (x) 0.5 0.5
Total Debt/Total Assets (x) 0.3 0.3
Long term Debt/Networth (x) 0.5 0.5
Interest Coverage (x) 8.3 9.8

Liquidity
Current Ratio (x) 0.7 1.1
Quick Ratio (x) 0.4 0.8
Cash Ratio (x) 0.1 0.5

Working Capital
Working Capital to Sales (x) -0.1 0.1
Working Capital Days (days gross sales) -22.6 17.4
Receivables (days gross sales) 33.7 31.9
Creditors (days cost of sales) 170.2 185.4
FG Inventory (days cost of sales) 6 7.8
RM Inventory (days consumption) 51.1 57.1

Cash Flow Indicator

Operating Cash Flow/Sales (%) 21 33.4

Per Share
Book Value Per Share (Rs) 92.8 78.3
Earnings Per Share (Rs) 15.3 24
Dividend Per Share (Rs) -2.3 -2.3

Growth(%)
Total Operating Income 10.25 35.11
EBITDA -14.06 47.01
EBIT -23.87 50.64
Net Profit -32.21 33.15
Total Assets 9.99 23.82
ted

Detailed Quarterly
% Change
0.05
--
0.03
9.36
-35.35
1.94
11.8
NM
--
-53.17
-43.79
0.07
--

31-Mar-08(12) 31-Mar-07(12)
Rs mn %OI Rs mn %OI
30471.18 100 22552.7 100
3409.02 11.19 2608.58 11.57
-274.54 -0.9 -45.01 -0.2
1878.95 6.17 1019.55 4.52
7269.77 23.86 5802.54 25.73
18187.99 59.69 13167.04 58.38
7393.83 24.27 5824.44 25.83
10794.16 35.42 7342.6 32.56
1279.18 4.2 1026.29 4.55
9514.98 31.23 6316.31 28.01
1098.62 3.61 1497.96 6.64
410.13 1.35 101.29 0.45
8826.49 28.97 4919.64 21.81
2071 6.8 131.34 0.58
-380.08 -1.25 0 0
6375.4 20.92 4788.3 21.23
6755.48 22.17 4788.3 21.23
0 0 196.55 0.87
-658.86 -2.16 304.62 1.35

31-Mar-08 %BT 31-Mar-07 %BT

 2818.67 4.44 2203.71 4.63
0 0 0 0
2818.67 4.44 2203.71 4.63
30392.41 47.92 19481.62 40.91
18115.06 28.56 20587.55 43.24
9176.46 14.47 4035.29 8.47
658.86 1.04 304.62 0.64
9835.32 15.51 4339.91 9.11
63418.61 100 47615.69 100
30985.97 48.86 27958.31 58.72
3658.62 5.77 0 0
34644.6 54.63 27958.31 58.72
5749.12 9.07 1427.51 3
40393.72 63.69 29385.83 61.71
1292.82 2.04 550.75 1.16
3506.35 5.53 2484.99 5.22
3110.72 4.91 2602.11 5.46
4256.4 6.71 2301.83 4.83
0 0 0 0
10873.48 17.15 7388.93 15.52
10620.65 16.75 9786.21 20.55
237.94 0.38 331.23 0.7
63418.61 100 47615.69 100

31-Mar-07

14.6
21.7
19.6

58.4
28
21.2
21.2
0.6

0.9
0.5
0.8
 4.9

1.7
1.2
0.6

0.1
46.9
36.4
59
8
59.7

28.5

61.4
19.7
1.4

23.28
181.37
246.88
956.71
18.03