Beruflich Dokumente
Kultur Dokumente
2013
2014
2015
1742.1
11290.6
1742.9
14204.9
19023.4
1743.8
17279.6
23361.9
1756.5
21605.4
687.4
11.4
271.1
404.9
746.7
8.4
341.8
396.5
827.8
931.4
426.4
401.4
503.5
427.9
Current Liabilities
A) Short term borrowings
B)Trade Payables
C) Other Current Liabilities
D) Short Term Provisions
10795.2
2721.3
5222.8
1224
1627.1
11584.4
9893.8
2407.4
442.9
6041.4
7046.7
1336.4 /Share
1799.2
2404.2
12590.3
1291.3
7566.4
1702.2
2030.4
24515.3
28278.9
31218
36883.6
Assets
Non Current Assets
A) Fixed Assets
I) Tangible Assets
II) Intangible Assets
III) Capital Work-In-Progress
B) Non Current Investments
C) Long Term Loans and Advance
D) Other Non Current Assets
8588
5853.3
5781.9
71.4
115.8
1594.8
185.7
838.4
10905
6165.8
6037.1
128.7
170.7
2349.7
87
2131.8
12399.8
6536.5
6422.6
113.9
167.3
5547.5
148.5
21160.4
6825.2
6624.3
200.9
122.2
14070
123
20
Current Assets
A) Current Investments
B) Inventories
C) Trade Receivables
D) Cash and Cash Equivalents
E) Short Term Loans and Advance
F) Other Current Assets
15927.3
3932.4
5285.7
2241.7
2612.9
1532.5
322.1
17373.9
4944.4
4997.4
2553.2
3194
1165.3
519.6
18818.2
5636.7
5582
3231.2
2974.7
846.2
547.4
15723.2
3711.7
5506
3387.9
1239.4
1140.8
737.4
Total Assets
24515.3
28278.9
31218
36883.6
Number of Shares
Book Value
1755.1199
13.31071456
2016
2014-2015
2015-2016
2015
28717.8
1759.1
26958.7
22.81%
0.73%
25.03%
22.93%
0.15%
24.78%
63.34%
4.76%
58.58%
1095
12.52%
17.56%
2.53%
644.7
450.3
18.08%
6.60%
28.04%
5.23%
1.37%
1.16%
14737.3
865.1
9313.4
1877.5
2681.3
27.25%
191.56%
7.38%
#VALUE!
-15.55%
17.05%
-33.01%
23.09%
10.30%
32.06%
34.14%
3.50%
20.51%
4.62%
5.50%
44550.1
18.15%
20.79%
100.00%
25025.6
6905.3
6734.9
170.4
249.6
17633.9
236.6
0.2
70.65%
4.42%
3.14%
76.38%
-26.96%
153.63%
-17.17%
18.27%
1.17%
1.67%
-15.18%
104.26%
25.33%
92.36%
-99.00%
57.37%
18.50%
17.96%
0.54%
0.33%
38.15%
0.33%
0.05%
19524.5
6614.8
6155.6
4206.9
541.6
1239.1
766.5
-16.45%
-34.15%
-1.36%
4.85%
-58.34%
34.81%
34.71%
24.18%
78.21%
11.80%
24.17%
-56.30%
8.62%
3.95%
42.63%
10.06%
14.93%
9.19%
3.36%
3.09%
2.00%
44550.1
18.15%
20.79%
100.00%
1759.14117
16.324897905
2016
64.46%
3.95%
60.51%
2.46%
1.45%
1.01%
33.08%
1.94%
20.91%
4.21%
6.02%
100.00%
56.17%
15.50%
15.12%
0.38%
0.56%
39.58%
0.53%
0.00%
43.83%
14.85%
13.82%
9.44%
1.22%
2.78%
1.72%
100.00%
0.069162408
2012
Gross Revenue from Sale of Products
A)Less:Excise Duty
B)Net Revenue from Sale of Products
C)Sale of Services
D)Other Operating Revenues
E)Revenue from Operations
37575.4
Other Income
551.4
Total Revenue
38126.8
Expenses
A)Cost of Materials Consumed
14837
B)Purchase of Stock and Trade
6029.4
C)Changes in Inventories of FG,WIP and Stock in Trade
i)FG
-187.8
ii)WIP
-319.1
iii)Stock in Trade
-86.4
D)Employee Benefits Expenses
2433.7
E)Finance Costs
141
F)Depreciation and Ammortisation Expenses
658.8
G)Other Expenses
8301
Total Expense
31807.6
Profit Before Exceptional and Extraordinary Items and T
6319.2
Exceptional Items
Profit Before Extraordinary Items and Tax
6319.2
Extraordinary Items
-448.9 Profit Before Tax
5870.3
Tax Expense
A)Current Tax
1144.5
B)Deferred Tax
93.4
C)Earlier year Tax
Profit/Loss for the year from continuing operations
4632.4
Earnings per equity share before extraordinary items(in Rupees)
A)Basic
2.92
B)Dilute
2.9
Earnings per equity share after extraordinary items(in Rupees)
A)Basic
2.66
B)Dilute
2.64
Interest Expense (From note 31)
Profit Before Interest and Tax
Interim Dividends
2013
43493.9
868.9
44362.8
16580.5
6302.9
128.1
22.6
107.6
2812.4
184
732.4
9995.6
36866.1
7496.7
7496.7
7496.7
1505.9
70.7
10.3
5909.8
3.39
3.37
3.39
3.37
Final Dividends
D)Employee Benefits Expenses
Power and Fuel
Stores and Spares Consumed
Repair to Building
Repair to Plant and Machinery
Repair to Others
Rent
Insurance
Travel and Conveyance
Legal and Professional
Telephone and Fax expenses
Security Expenses
General Charges
Auditor's Remuneration
Donation
Loss on Sale of Fixed Assets
Fixed Assets Discarded
Provision for Liabilities disputed
Corporate Social Responsibility
Other Expenses
Fixed Costs
2433.7
2812.4
2014
49129.4
-561.4
48568
1.7
131.1
48700.8
1096.6
49797.4
2015
54933
-743.8
54189.2
1
122.6
54312.8
1378.5
55691.3
2016
58221.6
-825.3
57396.3
0.7
103
57500
1966.4
59466.4
18179.8
7569.7
19210.9
9372.5
18477.5
9881.4
5.67%
23.82%
-3.82%
5.43%
-80.8
55.4
-97.8
3439.3
193.5
538.9
11378.9
41176.9
8620.5
-406.6
112.9
-28.8
3929.9
98.9
659.7
12737
45686.4
10004.9
-239.6 9765.3
9765.3
-90.7
-96.2
-50.8
4317.7
98.3
728.2
14073.6
47339
12127.4
403.22%
103.79%
-70.55%
14.26%
-48.89%
22.42%
11.94%
10.95%
16.06%
-77.69%
-185.21%
76.39%
9.87%
-0.61%
10.38%
10.49%
3.62%
21.21%
12127.4
13.28%
24.19%
12127.4
13.37%
24.19%
2046.9
96
-3.4 7625.8
2591.1
141.2
13.41%
13.48%
-217.24% 13.46%
26.59%
47.08%
8620.5
-7.2 8613.3
1804.8
84.6
2.9
6721
9395.1
vs 2015
5.99%
10.96%
5.92%
-30.00%
-15.99%
5.87%
42.65%
6.78%
23.20%
3.86
3.83
4.35
4.32
5.34
5.31
12.69%
12.79%
22.76%
22.92%
3.85
3.83
4.35
4.32
5.34
5.31
12.99%
12.79%
22.76%
22.92%
114.2
8727.5
51.4
9816.7
32
12159.4
-54.99%
12.48%
-37.74%
23.86%
130.79
219.55
219.88
67.86%
0.15%
174.38
131.74
175.91
-24.45%
33.53%
3439.3
3929.9
506.1
173.8
38.8
69.3
110.9
422.3
60.5
471.9
257.1
46
83.5
1810.2
10.8
114.8
7.8
8.5
75.1
147.1
89
4317.7
477.7
168
49.3
74.2
159.5
411.2
76.6
497.9
391.9
46
111.5
2152.5
11.4
129.6
8.8
13.8
60
174.4
110.5
14.26%
9.87%
8433.4
9442.5
2015
98.64%
-1.34%
97.30%
0.00%
0.22%
97.52%
2.48%
100.00%
2016
97.91%
-1.39%
96.52%
0.00%
0.17%
96.69%
3.31%
100.00%
34.50%
16.83%
31.07%
16.62%
-0.73%
0.20%
-0.05%
7.06%
0.18%
1.18%
22.87%
82.04%
17.96%
-0.43%
17.53%
-0.15%
-0.16%
-0.09%
7.26%
0.17%
1.22%
23.67%
79.61%
20.39%
17.53%
20.39%
3.68%
0.17%
-0.01%
13.69%
4.36%
0.24%
15.80%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.09%
17.63%
0.05%
20.45%
0.39%
0.39%
20.39%
FY12
98.55%
Ratio of O
99.00%
98.50%
98.00%
97.50%
97.00%
96.50%
96.00%
95.50%
FY12
FY
0.24%
0.32%
7.06%
7.26%
FY13
FY14
98.04%
FY15
97.80%
FY16
97.52%
96.69%
FY13
FY14
FY15
FY16
Ratio
Debt to Equity
FY15
FY16
5.53%
3.01%
Liabilities to Equity
57.88%
55.13%
Operating leverage 0.155274631 0.164217391
Interest cover
99.26
123.70
Liquidity AnaFY12
Current Ratio
Quick Ratio
FY13
1.475
0.986
1.500
1.068
Receivable
Turnover
16.762
18.142
Average
Collection
Period
(Days)
21.477
19.844
7.109
8.459
Average
Inventory
Holding
Period
(Days)
50.641
42.557
Operating
Cycle
72.118
62.400
1.533
18.896
35.544
2.660
1.648
22.388
40.785
3.390
Inventory Tu
Profitability AnalFY12
Profit margin(%)
12.328
Revised profit
margin(excludi
ng other
income and
exceptional &
extraordinary
items)
12.055
Asset turnover
Return on asset
Return on equit
Earnings per sh
1.533
18.896
35.544
2.660
FY14
FY15
FY16
1.656
1.164
1.249
0.812
1.325
0.907
16.839
16.411
15.142
21.379
21.937
23.775
9.207
9.797
9.861
39.102
36.747
36.506
60.481
58.684
60.281
1.637
22.593
38.437
3.850
1.595
22.395
35.983
4.347
1.412
23.074
36.080
5.344
FY13
FY14
13.588
FY15
13.801
FY16
14.041
16.339
11.590
11.564
11.944
12.919
1.648
22.388
40.785
3.390
1.637
22.593
38.437
3.850
1.595
22.395
35.983
4.347
1.412
23.074
36.080
5.344
2015
Market Price per share
265.55
Ratio
FY15
FY16
Price-Earnings ratio
61.05
Earnings Yield
1.64%
Dividend Yield
0.28%
Price-to-book ratio
19.95
Dividends/share (in Rs)
0.75
2016
249.9
46.80
2.14%
0.40%
15.31
1
Dupont Analysis
FY 2013
03/31/2013
238,694.9
9,292.7
0.0
2,420.4
231,822.6
FY 2014
03/31/2014
313,276.0
9,443.7
0.0
442.9
304,275.2
FY 2015
03/31/2015
466,441.8
4,899.1
0.0
1,291.3
462,834.0
FY 2016
03/31/2016
439,609.4
7,099.4
0.0
865.1
433,375.1
43,341.8
15.8
48,568.0
12.1
54,189.2
11.6
57,396.3
5.9
Margin %
EBITDA
Margin %
Net Inc, Comparable
Margin %
EPS, Comparable
Growth %, YoY
7,317.0
16.9
5,909.8
13.6
3.39
27.4
8,607.0
17.7
6,721.0
13.8
3.85
13.7
9,581.7
17.7
7,625.8
14.1
4.35
12.9
11,010.1
19.2
9,395.1
16.4
5.34
22.8
7,390.6
-854.0
6,536.6
7,864.3
-961.8
6,902.5
9,187.3
-1,110.6
8,076.7
10,957.3
-1,068.4
9,888.9
Revenue, Comparable
Growth %, YoY
Gross Profit
Current/LTM
06/30/2016
531,612.5
7,099.4
0.0
865.1
525,378.2
56,424.6
1.7
11,158.1
19.8
9,638.3
17.1
5.48
21.7
FY 2013
03/31/2013
43,344.8
6,826.5
5,909.8
3.39
3.37
1,742.8
1,754.5
FY 2014
03/31/2014
48,569.7
7,899.1
6,721.0
3.85
3.83
1,743.6
1,755.8
FY 2015
03/31/2015
54,190.2
8,922.0
7,625.8
4.35
4.32
1,754.4
1,766.1
9,292.7
9,443.7
4,899.1
18,525.6
27,984.5
11,585.4
12,328.4
15,656.1
1,742.9
19,698.5
31,218.0
11,366.8
12,194.6
19,023.4
1,743.8
15,723.2
36,883.6
12,590.3
13,521.7
23,361.9
1,756.5
7,390.6
-3,925.6
-3,120.3
7,864.3
-1,870.3
-5,204.5
9,187.3
-7,008.4
-3,284.0
FY 2016
03/31/2016
57,397.0
10,281.9
9,395.1
5.34
5.31
1,758.1
1,769.8
Last 12M
06/30/2016
56,424.6
10,435.8
9,638.3
5.48
5.45
1,761.5
1,771.2
7,099.4
7,099.4
19,524.5
44,550.1
14,737.3
15,832.3
28,717.8
1,759.1
1,761.5
10,957.3
-6,362.8
-4,449.6
FY 2013
03/31/2013
238,694.9
9,292.7
0.0
0.0
2,420.4
231,822.6
FY 2014
03/31/2014
313,276.0
9,443.7
0.0
0.0
442.9
304,275.2
FY 2015
03/31/2015
466,441.8
4,899.1
0.0
0.0
1,291.3
462,834.0
18,076.5
13.39
19,466.3
2.28
24,653.2
5.24
0.01
0.00
0.00
5.35
31.68
33.96
30.96
34.94
6.26
35.35
38.85
38.26
43.52
8.54
48.30
51.88
50.16
57.02
240,280.0
233,407.7
133.01
315,434.3
306,433.5
174.49
468,995.3
465,387.5
263.50
43,344.8
7,317.0
6,826.5
7,488.3
6,634.3
48,569.7
8,607.0
7,831.1
7,953.4
6,991.6
54,190.2
9,581.7
8,922.0
9,227.4
8,116.8
FY 2016
03/31/2016
439,609.4
7,099.4
0.0
0.0
865.1
433,375.1
Current
08/18/2016
531,612.5
7,099.4
0.0
0.0
865.1
525,378.2
29,582.9
2.92
0.00
0.00
7.55
39.36
42.15
39.46
43.71
9.15
47.72
51.10
47.84
53.00
442,283.8
436,049.5
246.36
534,846.7
528,612.4
57,397.0
11,010.1
10,281.9
10,982.1
9,913.7
56,424.6
11,158.1
10,435.8
FY 2013
03/31/2013
40.40
41.80
47.21
34.98
FY 2014
03/31/2014
46.54
48.37
53.86
40.56
FY 2015
03/31/2015
61.05
57.17
73.60
46.06
P/Book
Average
High
Low
15.25
16.31
18.43
13.65
16.47
18.25
20.33
15.31
19.97
20.22
26.04
16.30
P/Tangible Book
Average
High
Low
15.37
16.40
18.53
13.73
16.57
18.40
20.50
15.43
20.14
20.34
26.20
16.40
P/Cash Flow
Average
High
Low
32.29
39.15
44.24
32.29
39.83
38.68
43.06
32.42
50.71
48.92
62.99
39.42
36.51
53.05
59.97
36.51
45.38
43.73
48.68
36.66
57.68
55.74
71.77
44.91
5.35
5.55
6.29
4.63
6.26
6.44
7.19
5.37
8.54
7.78
10.09
6.20
EV/EBITDA
Average
High
Low
31.68
32.67
36.98
27.22
35.35
38.13
42.58
31.81
48.30
43.93
56.93
34.98
EV/EBIT
Average
High
Low
33.96
34.78
39.36
28.98
38.85
40.87
45.64
34.10
51.88
48.28
62.57
38.44
EV/Sales
Average
High
Low
Price/Share
High
Low
Enterprise Value
Average
High
Low
Source: Bloomberg
136.95
140.00
100.60
179.65
184.90
136.60
265.55
287.00
176.60
231,822.6
208,798.3
236,191.8
173,883.8
304,275.2
279,183.9
311,548.0
232,781.3
462,834.0
378,305.4
490,024.2
301,049.2
FY 2016
03/31/2016
46.80
61.84
71.06
46.80
Current
08/18/2016
56.59
15.31
20.23
23.24
15.31
18.51
15.40
20.40
23.44
15.40
18.62
40.10
51.37
59.02
40.10
48.49
44.43
58.43
67.14
44.43
53.73
7.55
8.66
9.95
7.55
9.15
39.36
48.98
56.30
39.36
47.72
42.15
52.60
60.46
42.15
51.10
249.90
316.50
231.30
302.20
305.95
301.70
433,375.1
469,547.5
539,425.3
412,165.2
525,378.2
FY 2015
03/31/2015
1,756.5
1,766.1
1,754.4
FY 2016
03/31/2016
1,759.1
1,769.8
1,758.1
30.89
5.46
5.09
4.35
32.65
6.26
5.85
5.34
4.35
4.37
4.32
4.32
4.35
2.00
5.34
5.26
5.31
5.31
5.22
2.25
Cash Flow
Free Cash Flow
5.24
4.60
6.23
5.62
2.79
13.30
13.19
4.04
16.32
16.23
Last 12M
06/30/2016
1,761.5
1,771.2
1,761.5
FY 2017 Est
03/31/2017
FY 2018 Est
03/31/2018
2.96
3.56
32.05
6.34
5.93
5.48
5.48
5.48
5.45
5.45
5.45
FY 2013
03/31/2013
136.95
28.47
106.20
140.00
100.60
FY 2014
03/31/2014
179.65
31.18
137.00
184.90
136.60
FY 2015
03/31/2015
265.55
47.82
181.00
287.00
176.60
238,694.9
1,742.94
825.71
313,276.0
1,743.81
771.76
466,441.8
1,756.51
805.05
FY 2016
03/31/2016
249.90
-5.89
266.50
316.50
231.30
Current
08/18/2016
302.20
439,609.4
1,759.14
790.36
531,612.5
1,759.14
796.13
304.40
305.95
301.70
FY 2015
03/31/2015
54,190.2
303.0
45,571.2
8,922.0
51.4
37.2
-931.9
9,765.3
2,139.5
FY 2016
03/31/2016
57,397.0
103.0
47,218.1
10,281.9
32.0
57.0
-1,934.5
12,127.4
2,732.3
Last 12M
06/30/2016
56,424.6
102.6
46,091.4
10,435.8
7,625.8
0.0
0.0
7,625.8
0.0
0.0
7,625.8
9,395.1
0.0
0.0
9,395.1
0.0
0.0
9,395.1
9,638.3
0.0
0.0
9,638.3
0.0
71.2
-24.6
7,672.4
-239.3
82.8
9,238.6
0.0
0.0
9,638.3
4.37
4.35
4.35
1,754.4
4.35
4.32
4.32
1,766.1
5.26
5.34
5.34
1,758.1
5.22
5.31
5.31
1,769.8
5.48
5.48
5.48
1,761.5
5.45
5.45
5.45
1,771.2
IN GAAP
9,581.7
17.68
16.46
14.07
2.00
3,512.9
1,075.9
IN GAAP
11,010.1
19.18
17.91
16.37
2.25
3,957.9
1,572.5
Reference Items
Accounting Standard
EBITDA
EBITDA Margin (T12M)
Operating Margin
Profit Margin
Sales per Employee
Dividends per Share
Total Cash Common Dividends
Interest Income
-2,012.2
12,448.0
2,809.7
9,638.3
11,158.1
19.78
18.50
17.08
0.0
223.1
3,929.9
2,196.9
621.9
422.3
0.0
265.8
4,317.7
2,056.8
672.2
411.2
4,394.9
FY 2017 Est
03/31/2017
FY 2018 Est
03/31/2018
2.96
3.56
FY 2012
03/31/2012
FY 2013
03/31/2013
FY 2014
03/31/2014
37,575.4
551.4
3.0
43,344.8
43,839.0
942.3
497.2
43,341.8
1.7
48,569.7
1.7
1,095.7
561.4
48,568.0
8,301.0
658.8
2,433.7
593.3
6,029.4
14,837.0
593.3
10,071.1
490.5
3,054.3
-256.2
149.1
6,302.9
16,580.5
-256.2
11,378.0
538.9
3,439.3
123.2
1,226.8
7,569.7
18,179.8
18,179.8
-123.2
141.0
-17.9
5,870.3
1,144.5
93.4
184.0
-13.6
7,496.7
1,505.9
70.7
0.0
10.3
-16.2
8,613.3
1,804.8
84.6
0.0
0.0
193.5
2.9
2.64
2.90
2.92
3.37
3.37
3.39
3.83
3.83
3.86
2.66
4,632.4
3.39
5,909.8
3.83
3.85
6,721.0
448.9
0.0
7.2
9.00
8.50
248.1
295.2
48.5
8.7
1,671.9
28.0
23.6
-16.8
50.5
2,433.7
368.1
3.1
118.4
-17.9
5.0
-6.5
7.0
3.7
1.30
2.66
1,741.7
2.64
1,752.7
1,841.4
9.13
8.00
336.6
349.7
78.5
8.6
2,578.7
32.1
23.6
-23.0
41.6
3,054.3
490.5
2.3
123.9
-13.6
3.4
-1.1
43.5
4.3
1.50
3.39
3.39
1,742.8
3.37
1,754.5
2,833.8
9.00
8.50
424.2
390.8
74.7
9.8
2,197.2
35.3
28.0
-30.3
292.8
3,439.3
538.9
11.1
114.2
-16.2
3.9
-2.3
68.6
6.6
3.9
1.75
3.86
3.85
1,743.6
3.83
1,755.8
2,414.5
498.7
Excise Taxes
Product Revenue
Service Revenue
(Gain)/Loss On Sale of Investments
Change In Merchandise Inventories
Corporate Expenses
Raw Materials And Consumables Used
Other Operating Inc - Int Inc (Non-Oper)
Other Operating Inc - Div Inc (Non-Oper)
Loss/Gain Disposal LT Invest/Subsid/Assoc
Final Dividend Per Share
Rental Revenue
Total Financial Costs
Interim Dividend Per Share
Wages And Salaries
Purchases Of Merchandise
Donations
Interim Dividend Paid
Local Sales
Rental Expense
Other Financial Losses
Expenditure Incurred On R&D: Capital
Expenditure Incurred On R&D: Recurring
Actual Return (Loss) On Plan Assets (OPRB)
Revenues
Provision For Doubtful Debts And Advances
Interest Expense - Net
Diluted EPS Before XO Items
Amount Of Interim Dividend
Cost Of Materials
Research & Development - Net
Proposed Final Dividend
Retirement Pension And Other Benefits
Travel Expenses
Insurance Claims And Expenses
Other Miscellaneous Non-Operating Income
Basic EPS From Continuing Operations
Diluted EPS From Continuing Operations
Gross Sales
Corporate Dividend Tax
Cost Of Stores And Spares
Sales Of Scrap Materials
Export Incentives/Benefit
EBITDA Margin
Interest Income
387.2
37,814.9
4.1
593.3
-451.3
-3.8
-71.9
6,029.4
83.0
35,973.5
215.6
15.6
22.5
28.0
16.8
37,575.4
141.0
958.1
14,837.0
1,306.6
367.4
134.5
497.2
43,839.0
3.0
-256.2
-698.6
-155.6
-73.4
6,302.9
80.4
41,005.2
348.6
16.6
19.7
21.9
0.0
184.0
3.37
1,132.9
16,580.5
1,481.5
435.6
134.6
561.4
49,129.4
1.7
-170.3
123.2
18,179.8
-817.5
-170.3
-89.4
193.5
7,569.7
102.3
1,307.9
46,714.9
382.9
10.7
19.1
196.5
4.0
3.83
1,307.9
18,179.8
77.2
1,743.8
-16.2
3.83
49,131.1
518.7
161.1
EBITDA - IS
Advertising Expenses
Actuarial Losses or Gains - OPEB
License/Contract/Fee Revenue
Source: Bloomberg
-18.9
18.4
-2.1
FY 2015
03/31/2015
FY 2016
03/31/2016
1.0
54,190.2
54,934.0
743.8
54,189.2
0.7
57,397.0
58,221.6
825.3
57,396.3
12,737.0
3,929.9
322.5
1,501.1
9,372.5
659.7
19,210.9
-322.5
14,073.6
47,339.0
4,317.7
-237.7
7,120.3
2,069.4
9,881.4
728.2
18,477.5
-237.7
9,765.3
2,046.9
96.0
98.9
239.6
-3.4
-1,966.4
2,732.3
12,127.4
2,591.1
141.2
98.3
0.0
0.0
4.32
4.35
5.31
5.34
4.32
4.35
7,625.8
5.31
5.34
9,395.1
0.0
8.85
7.75
459.9
437.7
30.0
7.9
1,999.2
2.9
39.0
33.2
-37.5
223.1
3,929.9
621.9
18.4
51.4
37.2
7.8
8.5
2.00
4.35
4.35
1,754.4
4.32
1,766.1
2,196.9
506.1
-4.5
8.50
8.00
492.0
496.5
30.0
11.4
43.5
33.9
-39.1
265.8
672.2
8.3
57.0
8.8
13.8
5.34
1,758.1
5.31
1,769.8
2,056.8
32.0
56.0
477.7
743.8
54,933.0
1.0
-179.5
322.5
19,210.9
-1,075.9
-89.2
98.9
9,372.5
114.8
2,195.5
52,736.1
422.3
10.3
1,317.4
-27.8
4.32
641.3
173.8
18.90
825.3
58,221.6
0.7
-237.7
174.4
18,477.5
-1,572.5
1.00
-106.4
98.3
1.25
3,444.7
9,881.4
129.6
2,198.8
56,164.8
411.2
9.3
1,759.1
424.5
497.9
76.6
-25.6
5.34
5.31
58,222.3
805.7
168.0
20.60
14,740.0
8.0
17,390.0
7,120.3
18.4
FY 2015
03/31/2015
54,190.2
0.6
84.1
16.5
0.1
0.1
-1.7
18.0
3.9
FY 2016
03/31/2016
57,397.0
0.2
82.3
17.9
0.1
0.1
-3.4
21.1
4.8
Last 12M
06/30/2016
56,424.6
0.2
81.7
18.5
14.1
0.0
0.0
14.1
0.0
0.0
14.1
16.4
0.0
0.0
16.4
0.0
0.0
16.4
17.1
0.0
0.0
17.1
0.0
0.1
0.0
14.2
-0.4
0.1
16.1
0.0
0.0
17.1
0.0
0.0
0.0
3.2
0.0
0.0
0.0
3.3
0.0
0.0
0.0
3.1
0.0
0.0
0.0
3.1
0.0
0.0
0.0
3.1
0.0
0.0
0.0
3.1
IN GAAP
17.7
0.0
0.0
0.0
0.0
6.5
2.0
IN GAAP
19.2
0.0
0.0
0.0
0.0
6.9
2.7
-3.6
22.1
5.0
17.1
19.8
0.0
0.0
0.0
0.0
0.4
7.3
4.1
1.1
0.8
0.0
0.5
7.5
3.6
1.2
0.7
7.8
FY 2017 Est
03/31/2017
FY 2018 Est
03/31/2018
FY 2012
03/31/2012
FY 2013
03/31/2013
FY 2014
03/31/2014
2,911.0
3,932.4
2,241.7
5,285.7
1,556.5
15,927.3
1,546.5
5,897.7
628.2
8,664.5
2,553.2
5,003.2
1,676.5
18,525.6
2,607.0
6,207.8
2,926.7
6,517.0
3,231.2
5,582.0
1,441.6
19,698.5
4,815.7
6,589.9
8,691.2
2,793.5
1,143.8
8,588.0
24,515.3
9,419.0
3,211.2
644.1
9,458.9
27,984.5
10,223.8
3,633.9
113.9
11,519.5
31,218.0
5,222.8
2,760.2
2,812.2
10,795.2
11.4
676.0
687.4
11,482.6
0.0
0.0
1,971.4
11,061.3
13,032.7
24,515.3
5,736.1
2,412.0
3,437.3
11,585.4
8.4
734.6
743.0
12,328.4
0.0
0.0
2,045.0
13,611.1
15,656.1
27,984.5
7,046.7
442.9
3,877.2
11,366.8
0.0
827.8
827.8
12,194.6
0.0
0.0
2,123.3
16,900.1
19,023.4
31,218.0
Reference Items
Accounting Standard
Shares Outstanding
Number of Treasury Shares
Amount of Treasury Shares
Pension Obligations
Operating Leases
Capital Leases - Short Term
Capital Leases - Long Term
IN GAAP
1,742.1
0.0
0.0
18.6
0.0
0.0
IN GAAP
1,742.9
0.0
0.0
57.1
0.0
0.0
IN GAAP
1,743.8
0.0
0.0
47.2
0.0
0.0
0.0
18.77
124,740.00
1.6
-4,071.8
-31.24
53.02
1.48
2,227.4
962.6
1,659.3
436.4
0.0
48.3
0.0
20.57
115,442.00
0.7
17.5
-6,872.3
-43.90
55.74
1.60
1,448.8
940.0
1,861.4
753.0
10,900.3
0.0
0.0
19.55
123,555.00
0.0
16.6
-9,000.8
-47.31
60.79
1.73
1,696.9
884.6
2,040.0
960.5
13,350.2
0.0
6,382.00
FY 2015
03/31/2015
FY 2016
03/31/2016
1,187.4
3,711.7
3,387.9
5,506.0
1,930.2
15,723.2
14,193.0
6,746.5
484.6
6,614.8
4,206.9
6,155.6
2,062.6
19,524.5
1,234.3
6,984.5
10,861.1
4,114.6
220.9
21,160.4
36,883.6
11,626.3
4,641.8
16,806.8
25,025.6
44,550.1
7,566.4
1,291.3
3,732.6
12,590.3
0.0
931.4
931.4
13,521.7
0.0
0.0
3,419.2
19,942.7
23,361.9
36,883.6
9,313.4
865.1
4,558.8
14,737.3
0.0
1,095.0
1,095.0
15,832.3
0.0
0.0
3,752.8
24,965.0
28,717.8
44,550.1
IN GAAP
1,756.5
0.0
0.0
37.4
0.0
0.0
IN GAAP
1,759.1
0.0
0.0
33.0
0.0
0.0
0.0
21.31
118,061.00
11.2
14.1
-3,607.8
-15.44
63.14
1.25
1,596.5
771.7
2,475.4
662.4
15,970.4
0.0
0.0
0.0
19.96
135,973.00
10.7
11.4
-6,234.3
-21.71
64.33
1.32
1,953.1
867.9
2,616.9
717.7
19,652.0
0.0
0.0
FY 2012
03/31/2012
FY 2013
03/31/2013
FY 2014
03/31/2014
1,050.9
1,742.1
7.8
11,290.6
2,000.0
704.8
1,742.9
13,913.2
2,070.0
27,984.5
889.2
1,743.8
17,279.6
2,070.0
31,218.0
271.1
404.9
1,627.1
11.4
341.8
392.8
2,085.7
8.4
426.4
401.4
0.0
0.0
115.8
5,781.9
71.4
1,024.1
1,594.8
135.4
170.7
6,037.1
128.7
380.0
2,607.0
27,984.5
148.5
167.3
6,422.6
113.9
0.0
4,667.2
167.3
31,218.0
322.1
5,285.7
2,241.7
1,532.5
592.5
5,003.2
2,553.2
1,038.3
5,582.0
3,231.2
6,517.0
846.2
2,612.9
3,932.4
1,683.9
7,654.5
2,974.7
547.4
1,224.0
5,222.8
2,721.3
5,736.1
1,356.2
5,736.1
2,407.4
7,046.7
2,404.2
1,473.0
7,046.7
442.9
18.77
1.6
124,740.00
9.1
2,241.7
3,234.5
115.8
4,736.0
2,793.5
34.5
229.3
8,641.1
1,742.1
1.00
2,227.4
20.57
0.7
17.5
115,442.00
39.6
2,553.2
45.7
3,344.0
170.7
4,901.7
3,211.2
27.2
5,736.1
302.1
10,900.3
1,742.9
1.00
1,448.8
19.55
0.0
16.6
123,555.00
30.0
3,231.2
48.0
3,602.5
167.3
5,325.0
3,633.9
18.3
7,046.7
379.5
13,350.2
1,743.8
1.00
1,696.9
Work In Progress
Finished Goods
Income Taxes Accrued/Payable
Shares Issued
Other Gross Fixed Assets
Other Inventory
Deferred Tax Liabilities (LT)
Deferred Tax Assets (LT)
Allowance For Doubtful Accounts
Capitalized Software - Net
ST Borrowings And Current Portion -LT Debt
Accrued Interest Receivable
Unsecured Debt
Short-Term Investments
Current Rental Expense
Customer Deposits/Advances (ST)
Investment in Mutual Funds - Short Term
Other Receivables (ST)
Other Payables
Long-Term Loans And Other Debtors
Accumulated Amortization Intangible Assets
Capital Reserve
Total Contingent Payable
Deferred Tax - Net
Intangible Assets - Gross
Investments In Unconsolidated Subsidiaries
Rental Expense - Year 1
Time Deposits -Maturity Less Than 3 Months
Short Term Loan (Secured)
Short-Term Loans
Other Reserve
Other Short-Term Loans/Borrowings
Trade Receivables-Gross
Provisions For Liabilities/Charges/Other
Fixed Deposits
Prepayment/Advance
Authorized Common Stocks (Number)
Authorized Common Capital (Amount)
Capital Commit Contracted Not Provided For
Cash on Hand
Spares And Consumables
General Reserves
Goods In Transit
Other Financial Assets (Long-Term)
Packaging Material
962.6
1,659.3
20.8
138.2
432.0
124.6
36.9
269.2
13,250.7
271.1
9.5
191.2
38.9
2,366.3
166.5
0.9
4.4
1,092.3
940.0
1,861.4
21.8
126.9
101.5
269.2
977.2
341.8
17.5
224.7
4.6
2,680.1
1,010.0
16,575.1
3.9
5.2
1,691.9
747.8
884.6
2,040.0
28.7
134.1
95.6
269.2
1,862.9
426.4
17.2
177.9
0.0
3,365.3
1,511.3
11,185.8
3.9
8.7
2,391.5
951.8
Time Deposits
Plant Machinery And Equipment - Gross
Due To Banks (ST)
Other Provisions - Current
Fixed Deposit -1 Year And Over
Secured Interest Bearing Liabilities
Options Exercised During the Period
Freehold Land - Gross
Leasehold Land - Gross
Cash Equivalents
Tools Furniture And Fixtures
Book Value Per Share
Motor Vehicles - Gross
Number of Employees at Period End Date
Authorized Capital
ARDR Options Cancelled or Forfeited
Deferred Income Tax Asset (LT)
Total Intangible Assets - Net
Deferred Income Taxes (Liabilities)
Short Term Loan (Unsecured)
Revaluation Surplus
Shares Authorized
Land - Net
Leasehold Rights
Outstanding Acceptance
Long Term Loan (Secured)
Long Term Loan (Unsecured)
Borrow & Deposits - From Finl Institutions
Common Stock & Subscribed Stock
ARDR Commercial Paper Current
Revaluation Assets; Gross
Commercial Paper Outstanding
Current Portion of Long-Term Debt
Equity Investments Associates/Affiliates
ESOP Shares (Amount)
Land and Buildings
Source: Bloomberg
1,518.6
1.4
2,910.1
2,000.0
1.5
239.3
510.4
2,530.1
2,000.0
369.7
97.0
11.4
2,530.1
1,742.1
48.3
1,733.3
0.0
0.8
624.3
398.3
12.00
137.1
6,154.00
2,070.0
0.7
237.1
578.9
2,182.7
2,070.0
369.7
97.5
8.4
1,907.4
1,742.9
500.0
44.9
5,325.0
2,375.5
0.0
0.9
369.7
140.4
1,411.5
455.5
15.20
163.4
6,382.00
0.0
243.2
669.6
265.0
0.0
2,070.0
369.7
140.4
1,743.8
0.0
0.0
0.0
0.0
FY 2015
03/31/2015
FY 2016
03/31/2016
1,756.5
21,605.4
2,070.0
36,883.6
1,759.1
26,958.7
28,717.8
44,550.1
503.5
427.9
1,095.0
450.3
644.7
123.0
6,624.3
200.9
20.0
14,070.0
122.2
36,883.6
236.6
6,734.9
170.4
0.2
17,633.9
249.6
25,025.6
44,550.1
5,506.0
3,387.9
3,711.7
1,140.8
6,155.6
4,206.9
6,614.8
1,239.1
1,239.4
737.4
541.6
766.5
19,524.5
2,030.4
1,702.2
7,566.4
1,291.3
9,313.4
2,681.3
1,877.5
865.1
14,737.3
21.31
11.2
14.1
118,061.00
14.3
3,387.9
52.0
3,679.1
122.2
4,114.6
13.4
7,566.4
1,662.7
15,970.4
1,756.5
1.00
1,596.5
0.0
19.96
10.7
11.4
135,973.00
10,856.8
14.5
4,206.9
57.0
13.7
80.6
3,808.8
249.6
435.4
11,376.7
4,641.8
6,734.9
12.2
9,313.4
125.8
63.6
57.0
1,086.7
1,759.1
1,993.7
19,652.0
1,759.1
1.00
1,953.1
771.7
2,475.4
34.5
151.6
187.5
269.2
1,872.9
503.5
23.1
157.4
3,539.5
881.1
13,665.1
8.2
8.6
3,186.2
653.8
867.9
2,477.7
34.5
921.5
276.8
95.8
158.2
716.3
788.3
2,949.6
11.6
132.6
2,765.2
36.5
601.2
136.7
345.2
269.2
1,536.3
644.7
515.6
916.8
18.5
100.0
898.0
908.6
662.5
4,302.7
450.3
38.4
179.5
2,070.0
2,070.0
386.6
5.7
6.5
4,135.2
139.2
16,536.5
711.2
5,755.7
1,995.9
12.7
438.4
140.4
298.1
535.9
19.10
189.4
6,434.00
1.0
239.5
6,947.4
743.0
1,133.9
516.9
2,070.0
1,756.5
900.0
5,774.4
76.8
2,583.2
100.2
76.8
2.6
430.3
148.3
340.5
577.0
23.60
202.5
2012
2013
2014
2015
1742.1
11290.6
13032.7
1742.9
14204.9
15947.8
1743.8
17279.6
19023.4
1756.5
21605.4
23361.9
11.4
271.1
404.9
8.4
341.8
396.5
426.4
401.4
503.5
427.9
2721.3
5222.8
1224
1627.1
2407.4
6041.4
1336.4
1799.2
442.9
7046.7
1473
2404.2
1291.3
7566.4
1702.2
2030.4
24515.3
28278.9
31218
36883.6
Assets
Non Current Assets
A) Fixed Assets
I) Tangible Assets
II) Intangible Assets
III) Capital Work-In-Progress
B) Non Current Investments
C) Long Term Loans and Advance
D) Other Non Current Assets
5781.9
71.4
115.8
1594.8
185.7
838.4
6037.1
128.7
170.7
2349.7
87
2131.8
6422.6
113.9
167.3
5547.5
148.5
6624.3
200.9
122.2
14070
123
20
Current Assets
A) Current Investments
B) Inventories
C) Trade Receivables
D) Cash and Cash Equivalents
E) Short Term Loans and Advance
F) Other Current Assets
3932.4
5285.7
2241.7
2612.9
1532.5
322.1
4944.4
4997.4
2553.2
3194
1165.3
519.6
5636.7
5582
3231.2
2974.7
846.2
547.4
3711.7
5506
3387.9
1239.4
1140.8
737.4
24515.3
28278.9
31218
36883.6
Total Assets
2016
1759.1
26958.7
28717.8
Liquidity Analysis
Current Ratio
Quick Ratio
Receivable Turnover
Average Collection Period (Days)
Inventory Turnover
Average Inventory Holding Period
(Days)
Operating Cycle
2012
1.475405736
0.985771454
16.76201097
21.47713664
7.108878673
50.64089803
72.11803467
644.7
450.3
Profitability Analysis
2012
Revised profit margin(excluding other
Profit
margin(%)
12.32827861
income and exceptional &
865.1
9313.4
1877.5
2681.3
extraordinary items)
Asset turnover
Return on assets(%)
Return on equity(%)
Earnings per share
12.05549375
1.53273262
18.89595477
35.54443822
2.66000116
44550.1
6734.9
170.4
249.6
17633.9
236.6
0.2
6614.8
6155.6
4206.9
541.6
1239.1
766.5
44550.1
Trend analysis
Net sales
Net profit
Tangible assets
Intangible Assets
2012
100
100
100
100
2013
1.499766928
1.068376437
18.14173393
19.8437482
8.459297294
2014
2015
2016
1.655540697 1.24883442 1.324835621
1.164461414 0.811513626 0.907147171
16.83866952
16.410932 15.14193922
21.37936132 21.9365969 23.77502609
9.206722498 9.796681097 9.861425533
2013
2014
2015
2016
13.58765252 13.80059465 14.04052083 16.33930435
11.58990111
1.647677207
22.38806536
40.78466555
3.389999679
11.56367041
1.637086974
22.59277374
38.43734273
3.85000063
11.94359341
1.595052099
22.39536222
35.98323003
4.346760421
12.91947826
1.412191758
23.07423094
36.07970092
5.344024682
2013
115.7509967
127.5753389
104.413774
180.2521008
2014
2015
2016
129.6082011 144.5435045 153.0256498
145.0867801 164.6187721 202.8127968
111.0811325 114.5696051 116.4824712
159.5238095 281.372549 238.6554622
32.58523876
23.07423094
36.08
Dupont Analysis
Ratios
Profit Margin(%)
Asset Turnover
Return on Assets(%)
Cost Leverage
Return on Equity(%)
FY2013
13.59
FY2014 FY2015
13.80
14.04
1.65
22.39
1.82
40.78
1.64
22.59
1.70
38.44
1.60
22.40
1.61
35.98
2.30
(0.18)
FY2016
16.34
1.41
23.07
1.56
36.08
3.67
(2.57)
0.67887
2012
2013
43493.9
868.9
44362.8
2014
49129.4
-561.4
48568
1.7
131.1
48700.8
1096.6
49797.4
2015
54933
-743.8
54189.2
1
122.6
54312.8
1378.5
55691.3
2016
58221.6
-825.3
57396.3
0.7
103
57500
1966.4
59466.4
37575.4
551.4
38126.8
14837
6029.4
16580.5
6302.9
18179.8
7569.7
19210.9
9372.5
18477.5
9881.4
-187.8
-319.1
-86.4
2433.7
141
658.8
8301
31807.6
6319.2
0
6319.2
-448.9
5870.3
128.1
22.6
107.6
2812.4
184
732.4
9995.6
36866.1
7496.7
0
7496.7
0
7496.7
-80.8
55.4
-97.8
3439.3
193.5
538.9
11378.9
41176.9
8620.5
0
8620.5
-7.2
8613.3
-406.6
112.9
-28.8
3929.9
98.9
659.7
12737
45686.4
10004.9
-239.6
9765.3
0
9765.3
-90.7
-96.2
-50.8
4317.7
98.3
728.2
14073.6
47339
12127.4
0
12127.4
0
12127.4
1144.5
93.4
0
4632.4
1505.9
70.7
10.3
0
5909.8
1804.8
84.6
2.9
0
6721
2.92
2.9
1741.503
3.39
3.37
1,743.30
3.86
3.83
1,745.71
4.35
4.32
1,754.36
5.34
5.31
1,758.06
2.66
2.64
3.39
3.37
3.85
3.83
4.35
4.32
5.34
5.31
2046.9
96
-3.4 0
7625.8
2591.1
141.2
0
9395.1
FY 2012
03/31/2012
24,515.3
FY 2013
03/31/2013
27,984.5
FY 2014
03/31/2014
31,218.0
11.9
16.0
9.1
21.6
6.3
65.0
6.3
2.2
31.0
9.1
17.9
6.0
66.2
9.3
9.4
20.9
10.4
17.9
4.6
63.1
15.4
24.1
35.5
11.4
4.7
35.0
100.0
22.2
33.7
11.5
2.3
33.8
100.0
21.1
32.7
11.6
0.4
36.9
100.0
21.3
11.3
11.5
44.0
0.0
2.8
2.8
46.8
0.0
0.0
8.0
45.1
53.2
100.0
20.5
8.6
12.3
41.4
0.0
2.6
2.7
44.1
0.0
0.0
7.3
48.6
55.9
100.0
22.6
1.4
12.4
36.4
0.0
2.7
2.7
39.1
0.0
0.0
6.8
54.1
60.9
100.0
IN GAAP
7.1
0.0
0.0
0.1
0.0
IN GAAP
6.2
0.0
0.0
0.2
0.0
IN GAAP
5.6
0.0
0.0
0.2
0.0
Reference Items
Accounting Standard
Shares Outstanding
Number of Treasury Shares
Amount of Treasury Shares
Pension Obligations
Operating Leases
Capital Leases - Short Term
0.0
0.0
0.1
124,740.0
0.0
-16.6
-0.1
0.2
0.0
9.1
3.9
6.8
1.8
0.0
0.2
0.0
0.0
0.1
115,442.0
0.0
0.1
-24.6
-0.2
0.2
0.0
5.2
3.4
6.7
2.7
39.0
0.0
0.0
0.0
0.1
123,555.0
0.0
0.1
-28.8
-0.2
0.2
0.0
5.4
2.8
6.5
3.1
42.8
0.0
6,382.0
FY 2015
03/31/2015
36,883.6
FY 2016
03/31/2016
44,550.1
3.2
10.1
9.2
14.9
5.2
42.6
38.5
1.1
14.8
9.4
13.8
4.6
43.8
2.8
18.3
29.4
11.2
0.6
57.4
100.0
15.7
26.1
10.4
37.7
56.2
100.0
20.5
3.5
10.1
34.1
0.0
2.5
2.5
36.7
0.0
0.0
9.3
54.1
63.3
100.0
20.9
1.9
10.2
33.1
0.0
2.5
2.5
35.5
0.0
0.0
8.4
56.0
64.5
100.0
IN GAAP
4.8
0.0
0.0
0.1
0.0
IN GAAP
3.9
0.0
0.0
0.1
0.0
0.0
0.0
0.1
118,061.0
0.0
0.0
-9.8
0.0
0.2
0.0
4.3
2.1
6.7
1.8
43.3
0.0
0.0
0.0
0.0
0.0
135,973.0
0.0
0.0
-14.0
0.0
0.1
0.0
4.4
1.9
5.9
1.6
44.1
0.0
0.0
FY 2013
03/31/2013
FY 2014
03/31/2014
FY 2015
03/31/2015
5,909.8
490.5
43.2
947.1
7,390.6
6,721.0
538.9
230.4
374.0
7,864.3
7,625.8
659.7
399.0
502.8
9,187.3
53.9
10.6
149.3
+ Capital Expenditures
+ Increase in Investments
+ Decrease in Investments
+ Other Investing Activities
Cash From Investing Activities
-854.0
-46,071.8
43,036.3
-90.0
-3,925.6
-961.8
-65,445.9
64,514.8
12.0
-1,870.3
-1,110.6
-6,047.1
-7,008.4
-2,830.1
-314.0
-4.6
0.4
28.0
-3,120.3
344.7
-3,261.9
-1,964.5
0.0
-8.4
0.5
0.0
29.8
-5,204.5
789.5
-4,619.5
848.4
0.0
0.0
455.0
0.0
32.1
-3,284.0
-1,105.1
7,317.0
16.88
1,481.6
129.4
6,536.6
6,634.3
6,271.9
3.75
36.51
1.25
8,607.0
17.72
1,785.0
114.2
856.2
6,902.5
6,991.6
4,940.2
3.96
45.38
1.17
9,581.7
17.68
2,040.9
51.4
846.7
8,076.7
8,116.8
9,074.4
4.60
57.68
1.20
Source: Bloomberg
FY 2016
03/31/2016
Last 12M
06/30/2016
9,395.1
728.2
229.5
604.5
10,957.3
9,638.3
722.3
94.7
-1,068.4
-5,389.1
-6,362.8
-4,227.0
-426.3
0.0
0.0
170.6
0.0
33.1
-4,449.6
144.9
11,010.1
19.18
2,607.3
32.0
1,386.4
9,888.9
9,913.7
9,557.3
5.62
44.43
1.17
11,158.1
19.78
53.73
FY 2012
03/31/2012
FY 2013
03/31/2013
FY 2014
03/31/2014
10.9
295.8
-71.9
6,635.6
8.9
5.4
-95.6
7,560.0
42.0
22.5
0.0
-170.2
8,533.3
-13.1
Depreciation
Other Non-Cash Items
Change in Inventories
Change in Accounts Payable
Interest Expense
Change In Trade Payables & Other Current Liab
Gain (Loss) From The Sale Of Fixed Assets
Net Cash From Operating Activities
Tax Paid
Profit Before Taxation And Minority Interest
Increase/Decrease In Trade & Other Receivables
Net Change In Working Capital
Cash Paid For Taxes
Interest Income - CF
Other Amortization of Non-Cash Expenses/Gains
Amortization of Deferred Compensation
Total Cash Flows From Operations
Cash From Investing Activities
Capital Expenditures
Proceeds From Investments
Purchases of Investments
Other Investing Activities
Disposal of Fixed Assets
Increase/Decrease In Advance To A Subsidiary
Interest Received From Investing Activities
Interest Income - CF
Total Cash Flows From Investing
Cash from Financing Activities
Cash Paid For Interest
Issuance of Common Stock
Dividend Tax Paid
387.3
-6.5
-679.9
954.6
141.0
2.2
6,393.0
6,319.2
-517.3
-1,191.8
-451.3
5,201.2
490.5
189.1
288.3
867.6
123.9
6.6
8,507.1
7,496.7
-208.8
947.1
-1,481.6
-698.6
7,025.5
538.9
-578.8
114.2
1,477.5
8.2
8,907.3
8,613.3
-524.7
374.0
-1,785.0
-817.5
237.0
7,122.3
-1,423.9
32,756.6
-33,750.1
-160.0
24.5
367.1
-2,185.8
-854.0
43,036.3
-46,071.8
-90.0
53.9
494.5
-3,431.1
-961.8
64,514.8
-65,445.9
12.0
10.6
856.2
-1,014.1
-141.1
0.7
-339.0
-129.4
0.4
-395.8
0.5
-474.1
1,924.1
2,612.9
688.8
139.6
99.1
-2,085.9
-2,326.6
357.2
645.9
316.7
28.0
-4.6
-314.0
-2,434.3
-3,277.7
673.9
1,463.4
759.7
29.8
-8.4
-1,964.5
-2,787.8
-114.2
-5,348.5
2,612.9
1,924.1
645.9
357.2
FY 2015
03/31/2015
FY 2016
03/31/2016
75.1
239.6
-179.5
9,930.1
-8.7
60.0
0.0
-215.3
11,605.7
21.4
659.7
76.0
51.4
856.6
11.1
10,432.9
9,765.3
-429.8
502.8
-2,040.9
-1,075.9
392.0
8,392.0
728.2
-649.5
32.0
2,039.9
-24.0
12,210.2
-2,607.3
12,127.4
-785.9
604.5
-1,572.5
448.5
9,602.9
-1,110.6
56,545.9
-62,593.0
0.0
149.3
846.7
-6,161.7
-1,068.4
65,968.0
-71,357.1
94.7
0.0
1,386.4
-4,976.4
455.0
-671.6
170.6
-715.8
1,463.4
358.3
-1,137.2
32.1
0.0
848.4
-3,947.9
-51.4
-3,367.5
358.3
503.2
111.8
33.1
0.0
-426.3
-3,511.2
-32.0
-4,514.7
FY 2012
03/31/2012
FY 2013
03/31/2013
FY 2014
03/31/2014
38.53
19.07
32.23
30.93
41.20
22.51
35.46
30.97
38.76
22.71
36.28
31.69
Margins
EBITDA Margin
Operating Margin
17.00
15.97
16.88
15.75
17.72
16.12
16.82
13.52
12.33
12.33
14.32
17.30
13.63
13.63
13.63
19.23
17.75
13.85
13.84
13.84
Additional
Effective Tax Rate
Dvd Payout Ratio
Sustainable Growth Rate
Source: Bloomberg
19.59
44.57
21.36
21.17
44.24
22.97
21.95
45.36
21.18
FY 2015
03/31/2015
FY 2016
03/31/2016
35.98
22.40
34.75
30.78
36.08
23.07
34.74
28.63
17.68
16.46
19.18
17.91
18.20
18.02
14.07
14.07
14.07
42.41
21.13
16.37
16.37
16.37
21.91
46.07
19.41
22.53
42.13
20.88
FY 2012
03/31/2012
FY 2013
03/31/2013
FY 2014
03/31/2014
14.54
-0.27
-0.46
-1.73
-2.01
7.64
7.64
13.04
15.35
14.55
13.77
27.58
27.65
16.21
16.21
15.38
12.05
17.63
14.72
13.73
13.65
13.65
13.65
16.67
10.72
14.76
18.69
1.81
37.02
8.39
5.54
11.98
9.98
18.35
16.79
18.26
13.90
-5.34
5.26
14.15
-21.01
35.23
9.83
-12.62
-12.67
20.13
14.38
20.07
26.55
11.57
6.16
11.55
-2.96
20.05
22.85
-81.64
-81.70
21.51
7.69
21.45
55.48
90.97
141.68
45.85
54.48
44.86
36.18
-40.02
-49.96
63.28
35.60
61.87
6.41
12.62
129.04
5.60
6.21
5.39
16.14
16.14
16.44
12.95
12.75
14.89
14.89
8.24
15.78
13.51
13.49
13.34
13.14
13.14
13.14
14.87
15.18
14.43
13.75
12.51
12.30
12.30
12.30
14.87
Accounts Receivable
Inventory
Fixed Assets
Total Assets
Modified Working Capital
Working Capital
Accounts Payable
Short-Term Debt
Total Debt
Total Equity
Total Capital 5 Year Growth
Book Value per Share
29.74
27.42
20.92
25.04
74.56
37.56
20.67
27.18
26.15
26.45
26.39
26.21
20.51
19.99
17.03
19.35
35.24
38.42
17.02
30.88
28.80
24.27
24.82
24.05
23.52
16.36
14.87
15.32
13.78
58.75
20.15
-22.78
-23.28
20.84
16.56
20.65
15.89
64.06
12.06
16.14
12.41
18.73
19.37
19.68
18.68
19.61
17.87
0.92
22.65
17.56
22.12
Sequential Growth
Revenue
EBITDA
Operating Income
Net Income to Common
EPS Diluted
EPS Diluted before XO
EPS Diluted before Abnormal
Dividend per Share
14.54
-0.27
-0.46
-1.73
-2.01
7.64
7.64
13.04
15.35
14.55
13.77
27.58
27.65
16.21
16.21
15.38
12.05
17.63
14.72
13.73
13.65
13.65
13.65
16.67
Accounts Receivable
Inventory
Fixed Assets
Total Assets
Modified Working Capital
Working Capital
Employees
Accounts Payable
Short-Term Debt
Total Debt
Total Equity
Capital
Book Value per Share
10.72
14.76
18.69
1.81
37.02
8.39
5.54
11.98
9.98
18.35
16.79
18.26
13.90
-5.34
5.26
14.15
-21.01
35.23
9.83
-12.62
-12.67
20.13
14.38
20.07
26.55
11.57
6.16
11.55
-2.96
20.05
22.85
-81.64
-81.70
21.51
7.69
21.45
55.48
36.18
6.41
Capital Expenditures
Net Change In Cash
Free Cash Flow
Cash Flow to Firm
Free Cash Flow to Firm
Source: Bloomberg
90.97
141.68
45.85
54.48
44.86
-40.02
-49.96
63.28
35.60
61.87
12.62
129.04
5.60
6.21
5.39
FY 2015
03/31/2015
FY 2016
03/31/2016
11.57
11.32
12.95
13.46
12.79
12.79
13.48
14.29
5.92
14.91
15.24
23.20
22.92
22.92
20.14
12.50
4.85
-1.36
2.38
18.15
-24.85
-62.40
7.38
191.56
191.56
22.81
26.65
21.92
24.17
11.80
3.53
20.79
-20.97
52.80
23.09
-33.01
-33.01
22.93
20.00
22.74
16.82
15.47
17.01
16.02
16.09
19.27
-3.80
22.44
19.02
22.14
13.67
11.98
11.73
11.98
28.15
28.15
28.30
14.87
11.84
11.44
11.27
14.79
14.53
14.53
14.15
14.37
21.03
13.03
7.66
16.17
10.69
14.15
16.74
-3.18
-5.44
25.53
21.79
25.23
15.75
5.97
7.05
13.09
-9.01
0.22
13.48
-18.89
-19.25
21.13
16.93
20.88
12.60
16.33
12.33
15.93
25.71
-12.65
29.22
25.17
28.50
11.57
11.32
12.95
13.46
12.79
12.79
15.32
14.29
5.92
14.91
15.24
23.20
22.92
22.92
20.14
12.50
4.85
-1.36
2.38
18.15
-24.85
-62.40
7.38
191.56
191.56
22.81
26.65
21.92
24.17
11.80
3.53
20.79
-20.97
52.80
23.09
-33.01
-33.01
22.93
20.00
22.74
16.82
19.27
15.47
-239.97
17.01
16.02
16.09
-3.80
22.44
19.02
22.14
FY 2012
03/31/2012
2,771.6
2,760.2
11.4
FY 2013
03/31/2013
2,420.4
2,412.0
8.4
FY 2014
03/31/2014
442.9
442.9
0.0
0.43
-0.64
0.33
-0.94
0.05
-1.05
Total Debt/EBIT
Net Debt/EBIT
0.46
-0.68
0.35
-1.01
0.06
-1.15
53.95
41.92
50.68
59.06
52.16
55.10
75.37
66.95
68.57
45.27
35.18
42.53
56.55
49.95
52.76
75.37
66.95
68.57
141.1
118.4
129.4
123.9
114.2
114.2
53.16
0.09
0.07
0.05
55.95
0.05
0.05
0.03
60.94
0.00
0.00
0.00
Total Debt/Equity
Total Debt/Capital
Total Debt/Total Assets
21.27
17.54
11.31
15.46
13.39
8.65
2.33
2.28
1.42
-31.24
-25.76
-43.90
-38.02
-47.31
-46.24
6,387.8
4,963.9
6,000.5
7,317.0
6,463.0
6,826.5
8,607.0
7,645.2
7,899.1
Net Debt/Equity
Net Debt/Capital
EBITDA
EBITDA-CapEx
EBIT
Source: Bloomberg
FY 2015
03/31/2015
1,291.3
1,291.3
0.0
FY 2016
03/31/2016
865.1
865.1
0.0
0.13
-0.38
0.08
-0.57
0.14
-0.40
0.08
-0.61
186.41
164.81
173.58
344.07
310.68
321.31
186.41
164.81
173.58
344.07
310.68
321.31
51.4
51.4
32.0
32.0
63.34
0.00
0.00
0.00
64.46
0.00
0.00
0.00
5.53
5.24
3.50
3.01
2.92
1.94
-15.44
-14.63
-21.71
-21.07
9,581.7
8,471.1
8,922.0
11,010.1
9,941.7
10,281.9
FY 2012
03/31/2012
0.63
1.48
0.84
0.54
53.16
FY 2013
03/31/2013
0.80
1.60
1.02
0.66
55.95
FY 2014
03/31/2014
0.83
1.73
1.12
0.69
60.94
0.09
0.07
0.05
0.05
0.05
0.03
0.00
0.00
0.00
Total Debt/Equity
Total Debt/Capital
Total Debt/Total Assets
21.27
17.54
11.31
15.46
13.39
8.65
2.33
2.28
1.42
CFO/Total Liabilities
CFO/CapEx
Altman's Z-Score
47.26
3.81
7.68
59.95
8.65
8.58
64.49
8.18
10.23
0.0
500.0
0.0
Long-Term Debt/Equity
Long-Term Debt/Capital
Long-Term Debt/Total Assets
FY 2015
03/31/2015
0.39
1.25
0.66
0.77
63.34
FY 2016
03/31/2016
0.48
1.32
0.77
0.80
64.46
0.00
0.00
0.00
0.00
0.00
0.00
5.53
5.24
3.50
3.01
2.92
1.94
67.94
8.27
13.19
69.21
10.26
11.90
FY 2012
03/31/2012
17.62
20.78
3.08
118.93
FY 2013
03/31/2013
18.08
20.19
3.00
121.71
FY 2014
03/31/2014
16.79
21.73
2.96
123.30
Total Inventory
Inventory Raw Materials
Inventory In Progress
5,285.7
2,227.4
962.6
5,003.2
1,448.8
940.0
5,582.0
1,696.9
884.6
1,659.3
436.4
1,861.4
753.0
2,040.0
960.5
FY 2015
03/31/2015
16.37
22.29
3.90
93.55
FY 2016
03/31/2016
15.11
24.21
3.44
106.49
5,506.0
1,596.5
771.7
6,155.6
1,953.1
867.9
2,475.4
662.4
2,616.9
717.7
FY 2012
03/31/2012
FY 2013
03/31/2013
FY 2014
03/31/2014
5,427.2
-1,423.9
4,003.3
185,708.0
2.16
7,390.6
-854.0
6,536.6
238,694.9
2.74
7,864.3
-961.8
6,902.5
313,276.0
2.20
-2,424.9
0.7
-2,830.1
0.4
-3,261.9
0.5
99.1
139.6
0.0
-2,185.5
185,708.0
1.18
-314.0
-4.6
28.0
-3,120.3
238,694.9
1.31
-1,964.5
-8.4
29.8
-5,204.5
313,276.0
1.66
- Dividends Paid
- Net Share Repurchases
T12 Cash to Shareholders
Market Capitalization
T12 Shareholder Yield, Ex Debt
-2,424.9
0.7
2,424.2
185,708.0
1.31
-2,830.1
0.4
2,829.7
238,694.9
1.19
-3,261.9
0.5
3,261.4
313,276.0
1.04
5,427.2
-1,423.9
95.2
4,098.5
181,636.2
2.26
7,390.6
-854.0
97.7
6,634.3
231,822.6
2.86
7,864.3
-961.8
89.1
6,991.6
304,275.2
2.30
-2,424.9
0.7
99.1
139.6
0.0
-2,185.5
181,636.2
1.20
-2,830.1
0.4
-314.0
-4.6
28.0
-3,120.3
231,822.6
1.35
-3,261.9
0.5
-1,964.5
-8.4
29.8
-5,204.5
304,275.2
1.71
Dividends Paid
Net Share Repurchases
- Dividends Paid
- Net Share Repurchases
- Net ST Debt Repayments
- Net LT Debt Repayments
- Other Financing Activities
T12 Cash to Suppliers of Capital
Periodic Enterprise Value
T12 Capital Yield
Source: Bloomberg
FY 2015
03/31/2015
FY 2016
03/31/2016
9,187.3
-1,110.6
8,076.7
466,441.8
1.73
10,957.3
-1,068.4
9,888.9
439,609.4
2.25
-4,619.5
455.0
-4,227.0
170.6
848.4
0.0
32.1
-3,284.0
466,441.8
0.70
-426.3
0.0
33.1
-4,449.6
439,609.4
1.01
-4,619.5
455.0
4,164.5
466,441.8
0.89
-4,227.0
170.6
4,056.4
439,609.4
0.92
9,187.3
-1,110.6
40.1
8,116.8
462,834.0
1.75
10,957.3
-1,068.4
24.8
9,913.7
433,375.1
2.29
-4,619.5
455.0
848.4
0.0
32.1
-3,284.0
462,834.0
0.71
-4,227.0
170.6
-426.3
0.0
33.1
-4,449.6
433,375.1
1.03
FY 2012
03/31/2012
FY 2013
03/31/2013
FY 2014
03/31/2014
73.31
78.83
77.97
1.10
1.00
1.00
98.16
98.37
98.69
15.97
15.75
16.12
1.55
1.65
1.64
2.02
1.83
1.71
42.27
41.20
38.80
55.63
44.57
21.36
50.30
44.24
22.97
46.29
45.36
21.18
Revenue/Avg Assets
Leverage Ratio
Avg Assets/Avg Equity
FY 2015
03/31/2015
FY 2016
03/31/2016
78.09
77.47
1.01
0.98
99.48
99.74
16.46
17.91
1.59
1.41
1.61
1.56
36.20
35.48
41.88
46.07
19.41
38.79
42.13
20.88
FY 2012
03/31/2012
37,575.4
100.0%
30,634.1
81.8%
5,343.4
14.3%
1,450.2
3.9%
147.7
FY 2013
03/31/2013
43,344.8
100.0%
34,736.7
80.1%
6,661.2
15.4%
1,943.9
4.5%
3.0
6,008.9
7,712.0
968.6
36.7
-2,708.4
4,632.4
7,712.0
968.6
36.7
-4,084.9
24,515.3
12,152.8
8,928.7
1,592.4
1,303.1
538.3
11,482.6
9,064.8
1,303.0
113.7
1,000.7
0.4
387.3
207.8
113.7
6,982.1
9,228.8
831.7
136.7
-3,215.1
5,909.9
9,228.8
831.7
136.7
-4,287.3
27,987.1
15,737.0
9,776.3
2,102.0
371.8
12,331.2
9,234.2
2,291.1
695.2
110.7
490.4
263.1
144.0
100.0%
88.5%
11.1%
0.4%
100.0%
88.5%
11.1%
0.4%
100.0%
75.5%
13.5%
11.0%
100.0%
53.9%
4.7%
41.4%
100.0%
76.0%
100.0%
90.5%
8.2%
1.3%
100.0%
90.5%
8.2%
1.3%
100.0%
79.8%
17.2%
3.0%
100.0%
74.0%
22.4%
3.6%
100.0%
76.0%
Foods
Others
Capital Expenditures
Others
Foods
Unallocated
Consumer Care Business
Source: Bloomberg
40.3
25.5
-1,423.9
-27.0
-44.5
-350.7
-1,001.7
14.7%
9.3%
2.5%
4.1%
93.3%
51.0
32.3
-854.0
-9.0
-59.0
-294.0
-492.0
14.7%
9.3%
1.6%
10.5%
87.9%
FY 2014
03/31/2014
48,569.7
100.0%
39,267.5
80.9%
7,996.5
16.5%
1,304.0
2.7%
1.7
7,996.5
100.0%
-3,569.8
78.6
0.7%
982.1
8.5%
FY 2015
03/31/2015
54,189.2
100.0%
43,328.8
80.0%
9,570.5
17.7%
1,289.9
2.4%
FY 2016
03/31/2016
57,396.3
100.0%
46,237.7
80.6%
9,831.8
17.1%
1,326.8
2.3%
10,505.6
7,996.5
10,505.6
982.1
78.6
-3,569.8
6,721.0
10,505.6
982.1
78.6
-4,845.3
31,217.9
16,227.2
11,934.9
2,731.7
324.1
12,194.5
7,770.3
3,230.8
1,108.4
85.0
538.9
315.8
166.1
9,027.9
10,308.4
1,089.1
42.1
-2,411.7
7,625.8
10,308.4
1,089.1
42.1
-3,813.8
36,883.6
19,709.8
14,448.5
2,408.1
317.2
13,521.7
8,487.9
4,212.7
735.8
85.3
23,361.9
11,221.9
10,235.8
1,672.3
231.9
659.7
404.2
222.4
10,653.2
12,215.8
1,237.4
29.2
-2,829.2
9,395.1
12,215.8
1,237.4
29.2
-4,087.3
44,550.1
26,755.1
14,553.5
2,954.7
286.8
15,832.3
10,437.9
4,204.8
1,116.4
73.2
28,717.8
16,317.2
10,348.7
1,838.3
213.6
728.2
449.1
246.4
90.8%
100.0%
90.8%
8.5%
0.7%
100.0%
90.8%
8.5%
0.7%
100.0%
79.6%
18.2%
2.2%
100.0%
73.0%
25.1%
1.9%
100.0%
84.7%
100.0%
90.1%
9.5%
0.4%
100.0%
90.1%
9.5%
0.4%
100.0%
84.1%
14.0%
1.8%
100.0%
83.7%
14.6%
1.7%
100.0%
84.3%
13.8%
1.9%
100.0%
92.4%
100.0%
90.6%
9.2%
0.2%
100.0%
90.6%
9.2%
0.2%
100.0%
81.8%
16.6%
1.6%
100.0%
77.9%
20.7%
1.4%
100.0%
83.5%
14.8%
1.7%
100.0%
93.2%
37.9
19.1
-961.8
-10.7
-21.7
-307.5
-621.9
10.2%
5.1%
1.6%
3.3%
95.0%
25.5
7.6
-1,110.6
-9.6
-11.3
-383.3
-706.4
5.8%
1.7%
1.3%
1.6%
97.1%
25.3
7.4
-1,068.4
-9.2
-9.4
-277.2
-772.6
5.3%
1.5%
1.2%
1.2%
97.6%
FY 2012
03/31/2012
37,575.4
100.0%
35,973.5
95.1%
1,841.4
4.9%
-239.5
FY 2013
03/31/2013
43,344.8
100.0%
41,005.2
93.5%
2,833.8
6.5%
-494.2
FY 2014
03/31/2014
48,569.7
100.0%
46,714.9
95.1%
2,414.5
4.9%
-559.7
FY 2015
03/31/2015
54,189.2
100.0%
52,736.1
96.0%
2,196.9
4.0%
-743.8
FY 2016
03/31/2016
57,396.3
100.0%
56,164.8
96.5%
2,056.8
3.5%
-825.3
FY 2012
03/31/2012
FY 2013
03/31/2013
FY 2014
03/31/2014
30,634.1
8,928.7
207.8
-1,001.7
1,303.0
7,712.0
7,712.0
34,736.7
9,776.3
263.1
-492.0
2,291.1
9,228.8
9,228.8
39,267.5
11,934.9
315.8
-621.9
3,230.8
10,505.6
10,505.6
10,505.6
5,343.4
1,592.4
40.3
-44.5
113.7
968.6
968.6
6,661.2
2,102.0
51.0
-59.0
695.2
831.7
831.7
7,996.5
2,731.7
37.9
-21.7
1,108.4
982.1
982.1
982.1
1,450.2
1,303.1
25.5
-27.0
1,000.7
36.7
36.7
1,943.9
371.8
32.3
-9.0
110.7
136.7
136.7
1,304.0
324.1
19.1
-10.7
85.0
78.6
78.6
78.6
12,152.8
113.7
-350.7
9,064.8
-4,084.9
-2,708.4
15,737.0
144.0
-294.0
9,234.2
-4,287.3
-3,215.1
16,227.2
166.1
-307.5
7,770.3
-4,845.3
-3,569.8
-3,569.8
Revenue
Assets
Liabilities
Source: Bloomberg
147.7
538.3
0.4
3.0
1.7
FY 2015
03/31/2015
FY 2016
03/31/2016
43,328.8
14,448.5
404.2
-706.4
4,212.7
10,308.4
10,235.8
10,308.4
46,237.7
14,553.5
449.1
-772.6
4,204.8
12,215.8
10,348.7
12,215.8
9,570.5
2,408.1
25.5
-11.3
735.8
1,089.1
1,672.3
1,089.1
9,831.8
2,954.7
25.3
-9.4
1,116.4
1,237.4
1,838.3
1,237.4
1,289.9
317.2
7.6
-9.6
85.3
42.1
231.9
42.1
1,326.8
286.8
7.4
-9.2
73.2
29.2
213.6
29.2
19,709.8
222.4
-383.3
8,487.9
-3,813.8
-2,411.7
26,755.1
246.4
-277.2
10,437.9
-4,087.3
-2,829.2
11,221.9
16,317.2