Cost of Capital (2016-2017)

Cost
Cost of Debt
CAP

Interest Market
Total Debt Pre-Tax After Tax Risk-free Risk
Company Paid(` Cost of Tax rate Cost of Rate (Rf) Premium
(` crores) Debt Debt
crores) (Rm-Rf)

Whirlpool 5.89 13.73 42.90% 30.00% 30.03% 7.40% 3.10%

Cost of Capital (2015-2016)

Cost
Cost of Debt
CAP

Interest
Total Debt Pre-Tax After Tax Risk-free Market
Risk
Company Paid(` Cost of Tax rate Cost of
(` crores) Debt Rate (Rf) Premium
crores) Debt (Rm-Rf)

Whirlpool 0.88 9.02 9.76% 30.00% 6.83% 7.46% 2.26%

Cost of Capital (2014-2015)

Cost
Cost of Debt
CAP

Interest
Total Debt Pre-Tax After Tax Risk-free Market
Risk
Company Paid(` Cost of Tax rate Cost of Rate (Rf) Premium
(` crores) Debt Debt
crores) (Rm-Rf)

Whirlpool 0.64 8.47 7.56% 30.00% 5.29% 7.74% 2.29%

Cost of Capital (2013-2014)

Cost
Cost of Debt
CAP

Interest
Total Debt Pre-Tax After Tax Risk-free Market
Risk
Company Paid(` Cost of Tax rate Cost of Rate (Rf) Premium
(` crores) Debt Debt
crores) (Rm-Rf)

Whirlpool 1.42 9.88 14.37% 30.00% 10.06% 8.81% 2.53%

Cost of Capital (2012-2013)

Cost
Cost of Debt
CAP
 Interest Market
Total Debt Pre-Tax After Tax Risk-free Risk
Company Paid(` Cost of Tax rate Cost of Rate (Rf) Premium
(` crores) Debt Debt
crores) (Rm-Rf)

Whirlpool 3 11.51 26.06% 30.00% 18.25% 7.96% 3.31%

apital (2016-2017)
Cost of Equity
CAPM Model

WD WE WACC
Cost of Equity =
βL D/E βUL βUL*(Rm-Rf) + Rf

0.766887 0.009258 0.76195 9.76% 0.01 0.99 9.95%

apital (2015-2016)
Cost of Equity
CAPM Model

WD WE WACC
Cost of Equity =
βL D/E βUL
βUL*(Rm-Rf) + Rf

0.680752 0.009383 0.67631 8.99% 0.01 0.99 8.97%

apital (2014-2015)
Cost of Equity
CAPM Model

WD WE WACC
Cost of Equity =
βL D/E βUL βUL*(Rm-Rf) + Rf

0.800415 0.007843 0.79604 9.56% 0.01 0.99 9.53%

apital (2013-2014)
Cost of Equity
CAPM Model

WD WE WACC
Cost of Equity =
βL D/E βUL βUL*(Rm-Rf) + Rf

0.760581 0.009383 0.75562 10.72% 0.01 0.99 10.72%

apital (2012-2013)
Cost of Equity
CAPM Model

WD WE WACC
 WD WE WACC
Cost of Equity =
βL D/E βUL βUL*(Rm-Rf) + Rf

0.830428 0.019054 0.81950 10.67% 0.02 0.98 10.81%

Whirlpo
ol of Previous Years »
India.
------------------- in
Standalone
Rs. Cr.
Balance Sheet
-------------------

Mar 17 Mar-16 Mar-15 Mar-14 Mar-13

12 mths 12 mths 12 mths 12 mths 12 mths

EQUITIES AND
LIABILITIES
SHAREHOLDER'S
FUNDS
Equity
Share 126.87 126.87 126.87 126.87 126.87
Capital

Total Share
126.87 126.87 126.87 126.87 126.87
Capital

Revaluation
0 13.07 13.07 13.07 13.47
Reserves

Reserves
1,356.19 1,023.22 775.84 600.11 477.2
and Surplus

Total
Reserves
1,356.19 1,036.29 788.91 613.18 490.67
and
Surplus

Total
Shareholde 1,483.06 1,163.16 915.78 740.06 617.54
rs Funds
NON-CURRENT
LIABILITIES
Deferred
Tax
0 0 2.44 21.34 24.8
Liabilities
[Net]

Other Long
Term 13.73 9.02 8.47 9.88 11.51
Liabilities
Long Term
125.43 80.35 68.4 58.6 52.33
Provisions
Total Non-
Current 139.16 89.36 79.32 89.82 88.64
Liabilities
CURRENT LIABILITIES
Trade
1,221.53 870.88 719.41 634.24 581.22
Payables
Other
Current 6.8 87.29 90.1 63.15 57.5
Liabilities
Short Term
25.58 42.22 44.32 41.8 39.92
Provisions
Total
Current 1,253.91 1,000.38 853.84 739.19 678.65
Liabilities
Total
Capital And 2,876.13 2,252.91 1,848.93 1,569.06 1,384.84
Liabilities

ASSETS
NON-CURRENT
ASSETS
Tangible
391.96 359.91 382.46 370.45 387.06
Assets
Intangible
5.85 6.21 0.23 0.82 1.5
Assets
Capital
Work-In- 29.54 36.66 13.2 53.15 26.29
Progress
Fixed
427.35 402.79 395.89 424.43 414.86
Assets

Non-Current
129.68 0 0 0 0
Investments

Deferred
Tax Assets 15.92 1.65 0 0 0
[Net]

Long Term
Loans And 12.85 48.5 46.05 55.58 67.99
Advances
Other Non-
Current 57.09 0.4 5.03 4.86 4.85
Assets
Total Non-
Current 642.89 453.33 446.97 484.86 487.7
Assets
CURRENT ASSETS
Inventories 888.76 683.51 659.01 576.67 522.28

Trade
204.86 192.63 155.07 169.87 170.91
Receivables

Cash And
Cash 1,058.95 856.3 535.68 291.83 155.03
Equivalents
Short Term
Loans And 3.42 56.44 47.98 43.72 48.17
Advances
OtherCurren
77.25 10.7 4.23 2.12 0.74
tAssets
Total
Current 2,233.24 1,799.58 1,401.96 1,084.20 897.13
Assets
Total
2,876.13 2,252.91 1,848.93 1,569.06 1,384.84
Assets
OTHER ADDITIONAL
INFORMATION
CONTINGENT
LIABILITIES,
COMMITMENTS
Contingent
1,706.19 422.07 286.93 2,557.68 759.36
Liabilities
CIF VALUE OF
IMPORTS
Raw
0 578.72 585.61 363.86 450.41
Materials
Stores,
Spares And 0 15.42 10.58 9.31 8.1
Loose Tools

Trade/Other
0 101.61 99.3 105.55 123.76
Goods
Capital
0 18.38 51.33 20.75 40.57
Goods
EXPENDITURE IN
FOREIGN EXCHANGE
Expenditure
In Foreign 0 56.69 56.56 55.48 48.44
Currency
REMITTANCES IN
FOREIGN CURRENCIES
FOR DIVIDENDS
Dividend
Remittance
- - - - -
In Foreign
Currency
EARNINGS IN FOREIGN
EXCHANGE
FOB Value
- 110.47 111.65 103.08 171.42
Of Goods
Other
- 131.85 108.4 91.01 70.79
Earnings
BONUS DETAILS

Bonus
Equity
10.8 10.8 10.8 10.8 10.8
Share
Capital
NON-CURRENT
INVESTMENTS

Non-Current
Investments
Quoted - - - - -
Market
Value

Non-Current
Investments
129.68 - - - -
Unquoted
Book Value

CURRENT
INVESTMENTS
Current
Investments
Quoted - - - - -
Market
Value

Current
Investments
- - - - -
Unquoted
Book Value

Source : Dion Global Solutions Limited

Year 2017 2016 2015 2014 2013
DE Ratio 0.009258 0.007843 0.009383 0.01359 0.019054
Whirlpo
ol of
India.
Standalone
------------------- in
Profit &
Rs. Cr.
Loss
-------------------
account

Mar 17 Mar-16 Mar-15 Mar-14 Mar-13

12 mths 12 mths 12 mths 12 mths 12 mths

INCOME

Revenue
From
4,358.39 3,854.17 3,576.14 3,104.43 3,034.47
Operations
[Gross]

Less:
Excise/Sevi
ce 419.61 367.7 283.98 271.32 263.77
Tax/Other
Levies

Revenue
From
3,938.78 3,486.47 3,292.16 2,833.11 2,770.70
Operations
[Net]

Other
Operating 1.99 1.65 1.62 1.53 2.03
Revenues

Total
Operating 3,940.77 3,488.12 3,293.78 2,834.64 2,772.73
Revenues
Other
72.99 54.17 38 27.95 23.66
Income
Total
4,013.76 3,542.29 3,331.78 2,862.60 2,796.39
Revenue
EXPENSES
Cost Of
Materials 1,889.87 1,620.03 1,622.97 1,352.62 1,428.36
Consumed

Purchase Of
Stock-In 616.26 447.59 448.51 487.46 383.09
Trade

Changes In
Inventories
Of FG,WIP -196 -31.12 -100.22 -47.66 -75.92
And Stock-
In Trade

Employee
Benefit 411.63 377.31 315.26 263.13 242.75
Expenses
Finance
5.89 0.88 0.64 1.42 3
Costs
Depreciatio
n And
87.46 68.69 68.13 63.83 60.32
Amortisation
Expenses
Other
730.17 693.29 675.96 567.58 575.61
Expenses
Total
3,545.28 3,176.67 3,031.26 2,688.39 2,617.22
Expenses
Mar-17 Mar-16 Mar-15 Mar-14 Mar-13

12 mths 12 mths 12 mths 12 mths 12 mths

Profit/Loss
Before
Exceptional
, 468.48 365.62 300.52 174.21 179.17
ExtraOrdin
ary Items
And Tax

Profit/Loss
468.48 365.62 300.52 174.21 179.17
Before Tax
Tax Expenses-Continued
Operations
Current Tax 171.64 121.53 91 54.76 47.89
Deferred
-17.59 -4.09 -0.98 -3.46 3.53
Tax
Tax For
Earlier 3.94 0 0 0 0
Years
Total Tax
157.99 117.43 90.01 51.29 51.42
Expenses

Profit/Loss
After Tax
And Before 310.49 248.18 210.51 122.91 127.75
ExtraOrdin
ary Items

Extraordinar
0 -0.8 0 0 0
y Items

Profit/Loss
From
310.49 247.38 210.51 122.91 127.75
Continuing
Operations

Profit/Loss
For The 310.49 247.38 210.51 122.91 127.75
Period
Mar-17 Mar-16 Mar-15 Mar-14 Mar-13

12 mths 12 mths 12 mths 12 mths 12 mths

OTHER ADDITIONAL
INFORMATION

EARNINGS PER SHARE

Basic EPS
24.47 19.5 16.59 9.69 10.07
(Rs.)
Diluted EPS
24.47 19.5 16.59 9.69 10.07
(Rs.)
VALUE OF IMPORTED AND
INDIGENIOUS RAW
MATERIALS
Imported
Raw 0 583.62 537.09 352.93 398.07
Materials
Indigenous
Raw 0 1,036.41 1,085.88 999.7 1,030.30
Materials

STORES, SPARES AND

LOOSE TOOLS

Imported
Stores And 0 0.61 0.06 0.14 0.11
Spares

Indigenous
Stores And 0 2.77 3.35 2.79 3.25
Spares

DIVIDEND AND DIVIDEND

PERCENTAGE

Equity
Dividend 30 0 0 0 0
Rate (%)

Source : Dion Global Solutions Limited