Balance Sheet

Mar '06 Mar '07 Mar '08 Mar '09

------------------- in Rs. Cr.
------------------- 12 mths 12 mths 12 mths 12 mths
Sources Of Funds
Total Share Capital 39.94 39.94 39.94 39.94
Equity Share Capital 39.94 39.94 39.94 39.94
Share Application Money 0 0 0 0
Preference Share Capital 0 0 0 0
Reserves 1,969.39 2,430.12 2,946.30 3,760.81
Revaluation Reserves 0 0 0 0
Networth 2,009.33 2,470.06 2,986.24 3,800.75
Secured Loans 0 0 0 0
Unsecured Loans 185.78 165.17 132 78.49
Total Debt 185.78 165.17 132 78.49
Total Liabilities 2,195.11 2,635.23 3,118.24 3,879.24
Mar '06 Mar '07 Mar '08 Mar '09

12 mths 12 mths 12 mths 12 mths

Application Of Funds
Gross Block 1,471.97 1,800.63 1,938.78 2,516.27
Less: Accum. Depreciation 522.6 635.1 782.52 942.56
Net Block 949.37 1,165.53 1,156.26 1,573.71
Capital Work in Progress 44.19 189.92 408.49 120.54
Investments 2,061.89 1,973.87 2,566.82 3,368.75
Inventories 226.55 275.58 317.1 326.83
Sundry Debtors 158.66 335.25 297.44 149.94
Cash and Bank Balance 23.22 35.26 130.58 217.49
Total Current Assets 408.43 646.09 745.12 694.26
Loans and Advances 278.63 268.04 196.37 325.8
Fixed Deposits 135.5 0.52 0.51 2.08
Total CA, Loans & Advances 822.56 914.65 942 1,022.14
Deffered Credit 0 0 0 0
Current Liabilities 1,192.98 1,171.50 1,455.57 1,678.93
Provisions 489.92 437.24 499.76 526.97
Total CL & Provisions 1,682.90 1,608.74 1,955.33 2,205.90
Net Current Assets -860.34 -694.09 -1,013.33 -1,183.76
Miscellaneous Expenses 0 0 0 0
Total Assets 2,195.11 2,635.23 3,118.24 3,879.24
Contingent Liabilities 73.48 165.59 56.37 100.54
Book Value (Rs) 100.62 123.7 149.55 190.33
 ANALYSIS OF BALANCE SHEET
Mar '07 Mar '08 Mar '09

12 mths 12 mths 12 mths

% CHANGE IN WORTH 22.93 20.89 27.27

% CHANGE IN DEBT -11.09 -20.08 -40.53
% CHANGE IN FIXED ASSETS 20.05 18.33 24.4
 Profit & Loss account
Mar '06 Mar '07 Mar '08 Mar '09

------------------- in Rs. Cr.

------------------- 12 mths 12 mths 12 mths 12 mths

Income
Sales Turnover 10,097.17 11,553.47 12,048.30 13,553.23
Excise Duty 1,377.96 1,647.52 1,703.29 1,227.85
Net Sales 8,719.21 9,905.95 10,345.01 12,325.38
Other Income 160.46 197.68 216.3 222.14
Stock Adjustments 14.97 3.2 -14.14 22.09
Total Income 8,894.64 10,106.83 10,547.17 12,569.61
Expenditure
Raw Materials 6,142.78 7,255.66 7,465.36 8,842.14
Power & Fuel Cost 46.65 52.45 56.55 73.7
Employee Cost 320.61 353.81 383.45 448.65
Other Manufacturing Expenses 238.39 280.17 304.11 354.08
Selling and Admin Expenses 446.98 558.99 563.27 669.34
Miscellaneous Expenses 156.79 206.11 190.36 206.54
Preoperative Exp Capitalised 0 0 0 0
Total Expenses 7,352.20 8,707.19 8,963.10 10,594.45
Mar '06 Mar '07 Mar '08 Mar '09

12 mths 12 mths 12 mths 12 mths

Operating Profit 1,381.98 1,201.96 1,367.77 1,753.02

PBDIT 1,542.44 1,399.64 1,584.07 1,975.16
Interest 15.58 13.76 13.47 13.04
PBDT 1,526.86 1,385.88 1,570.60 1,962.12
Depreciation 114.62 139.78 160.32 180.66
Other Written Off 0 0 0 0
Profit Before Tax 1,412.24 1,246.10 1,410.28 1,781.46
Extra-ordinary items 0 0 0 0
PBT (Post Extra-ord Items) 1,412.24 1,246.10 1,410.28 1,781.46
Tax 440.9 388.21 442.4 499.7
Reported Net Profit 971.34 857.89 967.88 1,281.76
Total Value Addition 1,209.42 1,451.53 1,497.74 1,752.31
Preference Dividend 0 0 0 0
Equity Dividend 399.38 339.47 379.41 399.38
Corporate Dividend Tax 56.01 57.69 64.48 67.87

Per share data (annualised)

Shares in issue (lakhs) 1,996.88 1,996.88 1,996.88 1,996.88
Earning Per Share (Rs) 48.64 42.96 48.47 64.19
Equity Dividend (%) 1,000.00 850 950 1,000.00
Book Value (Rs) 100.62 123.7 149.55 190.33
 ANALYSIS OF P&L A/C

Mar '07 Mar '08 Mar '09

%CHANGE IN NET SALSE 13.61 4.43 19.14

% GROWTH IN REVENUE 13.62 4.35 19.17
% CHANGE IN EBDIT -9.26 13.18 24.93
% CHANGE IN EBDT -9.23 13.33 24.93
% CHANGE IN PBT -11.76 13.17 26.31
% CHANGE IN PAT -11.68 12.82 32.43
EPS -11.78 12.82 32.43
 Cash Flow
Mar '06 Mar '07 Mar '08 Mar '09

------------------- in Rs. Cr.

------------------- 12 mths 12 mths 12 mths 12 mths

Net Profit Before Tax 1412.24 1246.1 1410.28 1781.46

Net Cash From Operating
Activities 936.08 625.05 1211.78 1359.03
Net Cash (used in)/from
Investing Activities -323.49 -273.13 -781.01 -861.19
Net Cash (used in)/from Financing
Activities -471.23 -474.34 -432.33 -499.93
Net (decrease)/increase In Cash
and Cash Equivalents 141.36 -122.42 -1.56 -2.09

Opening Cash & Cash Equivalents 17.6 158.72 16.66 15.19

Closing Cash & Cash Equivalents 158.96 36.3 15.1 13.1

ANALYSIS
Mar '07 Mar '08 Mar '09

% CHANGE IN OPENING CASH 801.82 -89.5 -8.82

% CHANGE IN CLOSING CASH -77.16 -58.4 -13.24