PER SHARE RATIO 18-Mar 17-Mar 16-Mar 15-Mar 14-Mar 13-Mar

Cash EPS (Rs.) 53.73 75.73 128.43 105.11 87.23 63.19

Dividend / Share(Rs.) 21 32.5 31 22.5 17 11
RATIO 39% 43% 24% 21% 19% 17%

Return on Capital Employed (%) 21.7 23.79 16.77 13.7 11.99 10.87
Dividend Payout Ratio (NP) (%) 40.17 70.15 30.16 31.99 30.27 30.09
Earnings Retention Ratio (%) 59.83 29.85 69.84 68.01 69.73 69.91
Enterprise Value (Cr.) 106935.8 106032.7 76,835.19 68,982.94 53,071.67 48,581.20
MARKET PRICE PER SHARE 432 450 256.42 253.3 125.67 124.33

Chart Title
140

120

100

80

60

40

20

0
5-Mar 6-Mar 7-Mar 8-Mar 9-Ma r 10-Mar 11-Mar 12-Mar 13-Ma r
 12-Mar 11-Mar 10-Mar 9-Mar 8-Mar 7-Mar 6-Mar 5-Mar
88.4 88.57 76.89 50.1 74.09 74.95 35.32 52.06
11 14 14 7 4 16 2.5 12.5
12% 16% 18% 14% 5% 21% 7% 24%

6.92 8.36 5.65 4.14 9.09 12.79 2.35 11.02

30.32 32.72 32.91 34.39 9.14 32.03 30.99 38.82
69.68 67.28 67.09 65.61 90.86 67.97 69.01 61.18
45,550.08 38,179.98 40,533.61 34,347.26 28,929.20 20,892.87 20,663.00 14,143.22
110.5 93 279.92 61.75 75.22 52.47 70.83 72.5

Chart Title Cas h EPS (Rs .)

Di vi dend /
Share(Rs .)

11-Mar 12-Mar 13-Ma r 14-Ma r 15-Ma r 16-Ma r 17-Mar 18-Mar

 Dividend Payout Ratio (NP) Earnings Retention
PER SHARE RATIO Dividend / Share(Rs.) (%) Ratio (%)
5-Mar 12.5 38.82 61.18
6-Mar 2.5 30.99 69.01
7-Mar 16 32.03 67.97
8-Mar 4 9.14 90.86
9-Mar 7 34.39 65.61
10-Mar 14 32.91 67.09
11-Mar 14 32.72 67.28
12-Mar 11 30.32 69.68
13-Mar 11 30.09 69.91
14-Mar 17 30.27 69.73
15-Mar 22.5 31.99 68.01
16-Mar 31 30.16 69.84
17-Mar 32.5 70.15 29.85
18-Mar 21 40.17 59.83

Dividend Payout Ratio (NP) Earnings Retention

Dividend / Share(Rs.) (%) Ratio (%)
Dividend / Share(Rs.) 1
Dividend Payout Ratio (NP) (%) 0.6238236444 1
Earnings Retention Ratio (%) -0.6238236444 -1 1
Cash EPS (Rs.) 0.6159523919 -0.1051985345 0.1051985345
Enterprise Value (Cr.) 0.7925875245 0.5695128236 -0.5695128236
Return on Capital Employed (%) 0.8489562196 0.5815341702 -0.5815341702
Market Price per share 0.7606172212 0.6359209344 -0.6359209344
STRONG CORRELATION STRONG CORRELATION
 Return on Capital MARKET PRICE
Cash EPS (Rs.) Enterprise Value (Cr.) Employed (%) PER SHARE
52.06 14,143.22 11.02 72.5
35.32 20,663.00 2.35 70.83
74.95 20,892.87 12.79 52.47
74.09 28,929.20 9.09 75.22
50.1 34,347.26 4.14 61.75
76.89 40,533.61 5.65 279.92
88.57 38,179.98 8.36 93
88.4 45,550.08 6.92 110.5
63.19 48,581.20 10.87 124.33
87.23 53,071.67 11.99 125.67
105.11 68,982.94 13.7 253.3
128.43 76,835.19 16.77 256.42
75.73 106032.68 23.79 450
53.73 106935.79 21.7 432

Return on Capital Market Price

Cash EPS (Rs.) Enterprise Value (Cr.) Employed (%) per share

1
0.3275574048 1
0.3074411815 0.831243504 1
0.2120056566 0.9178740539 0.7732912185 1

SUMMARY OUTPUT

Regression Statistics
Multiple R 0.7606172212
R Square 0.5785385573
Adjusted R Square 0.5434167704
Standard Error 91.901802384
Observations 14

ANOVA
df SS MS F Significance F
Regression 1 139124.546772895 139124.546773 16.47236 0.0015856386
Residual 12 101351.295377105 8445.94128143
Total 13 240475.84215

Coefficients Standard Error t Stat P-value Lower 95%

Intercept -3.0176578622 50.3920585408 -0.0598835997 0.953234 -112.81252152
X Variable 1 11.5748018985 2.8519093331 4.0586149651 0.001586 5.3610252545

SUMMARY OUTPUT

Regression Statistics
Multiple R 0.6359209344
R Square 0.4043954347
Adjusted R Square 0.354761721
Standard Error 109.2506710193
Observations 14

ANOVA
df SS MS F Significance F
Regression 1 97247.3327318918 97247.3327319 8.147596 0.014503848
Residual 12 143228.509418108 11935.7091182
Total 13 240475.84215

Coefficients Standard Error t Stat P-value Lower 95%

Intercept -56.944320052 86.5315463468 -0.65807584 0.522914 -245.4803634
Dividend Payout Rat 6.8651913545 2.4051264296 2.8543993654 0.014504 1.6248710326
<0.05
Upper 95%
Lower 95.0%
Upper 95.0%
106.7772 -112.813 106.7772
17.78858 5.361025 17.78858

significant

Upper 95%
Lower 95.0%
Upper 95.0%
131.5917 -245.48 131.5917
12.10551 1.624871 12.10551
 Earnings
Dividend Payout Ratio Retention
PER SHARE RATIO Dividend / Share(Rs.) (NP) (%) Ratio (%)
5-Mar 1 12.5 38.82 61.18
6-Mar 2 2.5 30.99 69.01
7-Mar 3 16 32.03 67.97
8-Mar 4 4 9.14 90.86
9-Mar 5 7 34.39 65.61
10-Mar 6 14 32.91 67.09
11-Mar 7 14 32.72 67.28
12-Mar 8 11 30.32 69.68
13-Mar 9 11 30.09 69.91
14-Mar 10 17 30.27 69.73
15-Mar 11 22.5 31.99 68.01
16-Mar 12 31 30.16 69.84
17-Mar 13 32.5 70.15 29.85
18-Mar 14 21 40.17 59.83

SUMMARY OUTPUT

Regression Statistics
Multiple R 0.5815341702
R Square 0.3381819912
Adjusted R Square 0.2830304904
Standard Error 5.2446414753
Observations 14

ANOVA
df
Regression 1
Residual 12
Total 13

Coefficients
Intercept 30.274845738
Earnings Retention Ratio
(%) -0.285907912
 Return
MARKET on
PRICE Earnings Capital
Enterprise Return on Capital PER FOR Retention Employed
Cash EPS (Rs.) Value (Cr.) Employed (%) SHARE CORRELATION Ratio (%) (%)
52.06 14,143.22 11.02 72.5 61.18 11.02
35.32 20,663.00 2.35 70.83 69.01 2.35
74.95 20,892.87 12.79 52.47 67.97 12.79
74.09 28,929.20 9.09 75.22 90.86 9.09
50.1 34,347.26 4.14 61.75 65.61 4.14
76.89 40,533.61 5.65 279.92 67.09 5.65
88.57 38,179.98 8.36 93 67.28 8.36
88.4 45,550.08 6.92 110.5 69.68 6.92
63.19 48,581.20 10.87 124.33 69.91 10.87
87.23 53,071.67 11.99 125.67 69.73 11.99
105.11 68,982.94 13.7 253.3 68.01 13.7
128.43 76,835.19 16.77 256.42 69.84 16.77
75.73 106032.68 23.79 450 29.85 23.79
53.73 106935.79 21.7 432 59.83 21.7

Earnings Return
Retention
on Ratio
Capital
(%)
Employed (%)
Earnings Retentio 1
Return on Capita -0.58153 1

SS MS F Significance F
168.6649153 168.664915 6.131872871 0.029157
330.0751705 27.5062642
498.7400857

Standard Error t Stat P-value Lower 95%Upper 95% Lower 95.0% Upper 95.0%
7.763173303 3.8998029 0.0021108289 13.36034 47.18935 13.3603441473 47.18935

0.115459481 -2.4762619 0.0291571121 -0.53747 -0.03434 -0.5374725116 -0.03434

n Capital Employed (%)
 Dividend Payout Enterprise Value
Cash EPS (Rs.) Dividend / Share(Rs.) Ratio (NP) (%) (Cr.)
1 52.06 12.5 38.82 14,143.22

35.32 2.5 30.99 20,663.00

2
3 74.95 16 32.03 20,892.87
4 74.09 4 9.14 28,929.20
5 50.1 7 34.39 34,347.26
6 76.89 14 32.91 40,533.61
7 88.57 14 32.72 38,179.98
8 88.4 11 30.32 45,550.08
9 63.19 11 30.09 48,581.20
10 87.23 17 30.27 53,071.67
11 105.11 22.5 31.99 68,982.94
12 128.43 31 30.16 76,835.19
13 75.73 32.5 70.15 106032.68
14 53.73 21 40.17 106935.79
MARKET PRICE PER
SHARE
72.5

70.83
Dividend / Share(Rs.)
52.47
75.22
61.75 Enterprise Value (Cr 0.7925875245
279.92 MARKET PRICE PER 0.7606172212
93
110.5
124.33
125.67
253.3
256.42
450
432
Dividend Payout
Ratio (NP) (%)

0.5695128236
0.6359209344