RATIO ANALYSIS

Kalindee Rail Nirman BALANCE SHEET------------------- in Rs. Cr. -------------------

Mar '05 Mar '06 Mar '07 Mar '08 Mar '09

12 mths 12 mths 12 mths 12 mths 12 mths

Sources Of Funds
Total Share Capital 4.95 4.95 10.5 10.73 11.22
Equity Share Capital 4.95 4.95 10.5 10.73 11.22
Share Application Money 0 0 0.02 0 0
Preference Share Capital 0 0 0 0 0
Reserves 9.52 12.7 59.04 75.08 91.73
Revaluation Reserves 0 0 0 0 0
Networth 14.47 17.65 69.56 85.81 102.95
Secured Loans 11.72 25.88 23.56 48.13 56.5
Unsecured Loans 0 15.58 30.53 28.01 25.76
Total Debt 11.72 41.46 54.09 76.14 82.26
Total Liabilities 26.19 59.11 123.65 161.95 185.21
Mar '05 Mar '06 Mar '07 Mar '08 Mar '09

12 mths 12 mths 12 mths 12 mths 12 mths

Application Of Funds
Gross Block 8.12 9.1 10.88 21.51 22.95
Less: Accum. Depreciation 3.18 3.53 4.07 4.81 6.07
Net Block 4.94 5.57 6.81 16.7 16.88
Capital Work in Progress 0 0 0 0 0
Investments 0 0 0 0.3 0.3
Inventories 13.08 19.48 42.71 89.54 83.74
Sundry Debtors 4.92 24.36 40.77 34.12 48.24
Cash and Bank Balance 0.37 0.47 4.24 0.79 0.15
Total Current Assets 18.37 44.31 87.72 124.45 132.13
Loans and Advances 9.69 13.46 23.95 43.83 44.68
Fixed Deposits 4.69 7.14 46.24 24.84 29.3
Total CA, Loans & Advances 32.75 64.91 157.91 193.12 206.11
Deffered Credit 0 0 0 0 0
Current Liabilities 10.37 8.37 34.84 40.38 32.96
Provisions 1.14 3 6.23 7.79 5.12
Total CL & Provisions 11.51 11.37 41.07 48.17 38.08
Net Current Assets 21.24 53.54 116.84 144.95 168.03
Miscellaneous Expenses 0 0 0 0 0
Total Assets 26.18 59.11 123.65 161.95 185.21

Contingent Liabilities 0 0 0 0 0
Book Value (Rs) 29.24 35.68 66.24 79.99 91.72

LIQUIDITY RATIO
current ratio 1.771456 5.293907 2.517796 3.081971 4.008799
quick ratio 0.510125 2.966547 1.291906 0.864537 1.468143
Debt equity ratio 0.809952 2.349008 0.777602 0.887309 0.799029

DEBT COVERAGE RATIO

Interest cover 1.757946 2.459091 3.504288 4.275542 2.268172

MANAGEMENT EFFICIENCY RATIO

Inventory turnover ratio 4.134557 4.626797 4.404589 2.747711 3.358252
Debtor turnover ratio 10.99187 3.699918 4.614177 7.210727 5.829602
Fixed asset turnover ratio 3.737388 5.106516 2.704428 2.867148 2.731617
Asset turnover ratio 2.06491 1.524784 1.521391 1.519173 1.518385

PROFITABILITY RATIO
Gross profit margin(%) 14.21967 12.60402 11.18967 11.58395 11.58168
Net profit margin(%) 3.642751 4.005326 5.018074 5.779783 3.712396
Return on net worth(%) 13.61437 20.45326 13.57102 16.5715 10.14085
EPS (earning per share) 3.983017 7.298827 8.993046 13.25627 9.300668
 Profit & Loss account
------------------- in
of Kalindee Rail Rs. Cr.
Rs. Cr. ------------------- Nirman -------------------
Mar '05 Mar '06 Mar '07 Mar '08

12 mths 12 mths 12 mths 12 mths

Income
Sales Turnover 54.08 90.13 188.12 246.03
Excise Duty 0 0 0 0
Net Sales 54.08 90.13 188.12 246.03
Other Income 0.27 -0.29 -0.01 2
Stock Adjustments 0 0 0 0
Total Income 54.35 89.84 188.11 248.03
Expenditure
Raw Materials 27.61 46.94 82.48 157.49
Power & Fuel Cost 0.19 0.27 0.18 0.6
Employee Cost 4.37 4.32 5.24 6.98
Other Manufacturing Expenses 10.19 19.56 68.98 43.08
Selling and Admin Expenses 3.5 6.25 8.83 9.8
Miscellaneous Expenses 0.8 1.14 1.35 1.58
Preoperative Exp Capitalised 0 0 0 0
Total Expenses 46.66 78.48 167.06 219.53
Mar '05 Mar '06 Mar '07 Mar '08

12 mths 12 mths 12 mths 12 mths

Operating Profit 7.42 11.65 21.06 26.5

PBDIT 7.69 11.36 21.05 28.5
Interest 4.09 4.4 5.83 6.46
PBDT 3.6 6.96 15.22 22.04
Depreciation 0.5 0.54 0.62 0.88
Other Written Off 0 0 0 0
Profit Before Tax 3.1 6.42 14.6 21.16
Extra-ordinary items 0 -0.36 -0.16 -0.05
PBT (Post Extra-ord Items) 3.1 6.06 14.44 21.11
Tax 1.14 2.44 5 6.89
Reported Net Profit 1.97 3.61 9.44 14.22
Total Value Addition 19.05 31.55 84.58 62.04
Preference Dividend 0 0 0 0
Equity Dividend 0 0.49 1.05 1.07
Corporate Dividend Tax 0 0.07 0.18 0.18
Per share data (annualised)
Shares in issue (lakhs) 49.46 49.46 104.97 107.27
Earning Per Share (Rs) 3.99 7.3 8.99 13.25
Equity Dividend (%) 0 10 10 10

Book Value (Rs) 29.24 35.68 66.24 79.99

 Mar '09

12 mths

281.22
0
281.22
0.17
0
281.39

106.89
0.65
9.51
113.04
16.69
2.04
0
248.82
Mar '09

12 mths

32.4
32.57
14.17
18.4
1.39
0.96
16.05
0
16.05
5.61
10.44
141.93
0
0
 0

112.25
9.3
0

91.72
RATIO ANALYSIS

PROFITABILITY RATIO
Current ratio
Quick ratio
Debt equity ratio

DEBT COVERAGE RATIO

Interest cover

MANAGEMENT EFFICIENCY RATIO

Inventory turnover ratio
Debtor turnover ratio
Fixed asset turnover ratio
Asset turnover ratio

PROFITABILITY RATIO
Gross profit margin(%)
Net profit margin(%)
Return on net worth(%)
EPS (earning per share)
This ratio has beeen increasing in the past 5 years.
It can be seen that the quick ratio is very smaller than the current ratio. This shows that inventory levels of Kalindee are ve
This ratio is somewhat similar for the past 5 years depicting that the % of debt and equity in the capital structure has rema

This ratio is increasing to a large extent.This means that amount of interest is increasing slowly.

This ratio is decreasing for the past 5 years which means that the inventory conversion period is increasing.
This ratio is fluctuating but overall decreasing, it will be not so good for the cpmpany because it will increase DSO.
It shows the sales on each rupee of fixed assets of a company. Its sales are somewhat constant as the ratio is constant.
It shows the sales on each rupee of total assets of a company.It is constant which is moderate for the company in long ter

it shows the total profitability of a company without taking into account taxes and depriciation.It has decreased in the pas
It shows the net profitability of a company .It is decreasing for the company so it is not good for the company to sustain its
It has decreased from 13.6% to 10.14%. This means that the sales are slowly decreasing.
The ratio has increased from 3.9% to 9.3% which means the company is returning dividends to its shareholders.
a major concern for the company.