ANDHRA PETROCHEMICALS LTD.

Profitability Ratio 2018 2017 2016 2015

R1 Gross profit margin = Gross profit/ revenue

Gross profit 1,047,460 474,853 221,785 (48,536)
Revenue 5,327,525 3,704,304 3,356,583 1,402,617
Gross profit margin 19.66% 12.82% 6.61% -3.46%

R2 Operating profit margin = operating margin/revenue

Operating margin 569,411 26,114 (146,150) (389,559)
Revenue 5,327,525 3,704,304 3,356,583 1,402,617
Operating profit margin 10.69% 0.70% -4.35% -27.77%

R3 Net profit margin = net profit/ revenue

Net profit 465,007 (73,608) (240,785) (445,191)
Revenue 5,327,525 3,704,304 3,356,583 1,402,617
Net profit margin 8.73% -1.99% -7.17% -31.74%

R4 Return on assets = net profit/ total assets

Net profit 465,007 (73,608) (240,785) (445,191)
Total assets 2,467,740 2,638,077 2,531,106 2,648,197
Return on assts 18.84% -2.79% -9.51% -16.81%

R5 Return on equity = Net profit/ share holders equity

Net profit 465,007 (73,608) (240,785) (445,191)
Share holdres equity 1,576,599 1,134,733 1,194,477 1,435,262
Return on equity 29.49% -6.49% -20.16% -31.02%

Levrage Ratio

R6 Debt and equity = Total liabilities/ shareholders equity

Total liabilities 891,141 1,503,344 1,336,629 1,212,935
Shareholders equity 1,576,599 1,134,733 1,194,477 1,435,262
Debt and equity ratio 56.52% 132.48% 111.90% 84.51%

R7 Interest covrage = operating profit / annual interest charges

Operating profit 569,411 26,114 (146,150) (389,559)
Annual interest charges (63,995) (132,161) (131,006) (86,246)
Interest coverage -8.897742 -0.197592 1.115598 4.516836

Liquidity Ratio

R8 Current ratio = current assets/ current liabilities

Current assets 551,937 690,565 351,260 413,719
 Current liabilities 734,273 658,870 400,771 551,468
Current ratio 75.17% 104.81% 87.65% 75.02%

R9 Quick ratio = current assets - inventory/ current liabilities

Current assets 551,937 690,565 351,260 413,719
Inventory 161,021 350,522 224,600 254,290
Current liabilities 734,273 658,870 400,771 551,468
Quick ratio 0.532385 0.5161 0.316041 0.289099

Efficiency Ratio

R10 DII(Days in inventory) = Average inventory/ (COGS/Days)

Averge inventory 255771.5 287561 239445 325777.5
Cost of Revenue 4,134,540 2,814,136 3,134,798 1,451,153
Days 360 360 360 360
Days in inventory 22 37 27 81

R11 Days sales outstanding = Ending A/R / (Revenue/days)

Ending A/R 341,810 218,025 36,141 7,506
Revenue 5,327,525 3,704,304 3,356,583 1,402,617
Days 360 360 360 360
Days sales outstanding 23 21 4 2

R12 Days payable outstanding = ending A/P / (COGS/days)

Ending A/P 56,948 51,446 44,668 89,307
Cost of Revenue 4,134,540 2,814,136 3,134,798 1,451,153
Days 360 360 360 360
Days payable outstanding 5 7 5 22

R13 Property Plant Equipment turnover = Revenue / PPE

Revenue 5,327,525 3,704,304 3,356,583 1,402,617
PPE 1,820,341 1,835,585 1,921,462 2,001,486
Property Plant Equipment turnover 2.926663 2.018051 1.74689 0.700788

R14 Total assets turnover = Revenue / total assets

Revenue 5,327,525 3,704,304 3,356,583 1,402,617
Total assets 2,467,740 2,638,077 2,531,106 2,648,197
Total assets turnover 2.158868 1.404168 1.326133 0.52965
 50.00%
2014 2013 2012 2011 2010 2009 2008 2007

40.00%
91,186 561,265 930,691 1,062,784 109,636 710,635 975,443 1,097,635
2,592,925 5,627,600 5,971,557 4,565,929 1,371,427 2,449,384 2,814,858 2,659,858
3.52% 9.97% 15.59% 23.28% 7.99% 29.01% 34.65% 41.27% 30.00%

(288,518) 98,642 485,880 673,605 (19,572) 216,453 521,014 574,430 20.00%

2,592,925 5,627,600 5,971,557 4,565,929 1,371,427 2,449,384 2,814,858 2,659,858
-11.13% 1.75% 8.14% 14.75% -1.43% 8.84% 18.51% 21.60%
10.00%

(256,685) 31,187 300,147 356,352 (53,805) 161,524 362,175 363,558

2,592,925 5,627,600 5,971,557 4,565,929 1,371,427 2,449,384 2,814,858 2,659,858 0.00%
-9.90% 0.55% 5.03% 7.80% -3.92% 6.59% 12.87% 13.67% 2018201

-10.00%
(256,685) 31,187 300,147 356,352 (53,805) 161,524 362,175 363,558
2,922,520 3,305,287 3,230,742 3,875,841 3,288,521 2,070,495 1,897,429 1,828,084
-8.78% 0.94% 9.29% 9.19% -1.64% 7.80% 19.09% 19.89%

(256,685) 31,187 300,147 356,352 (53,805) 161,524 362,175 363,558 20.00%

1,901,592 2,158,277 2,127,090 1,876,321 1,618,725 1,672,530 1,510,709 1,148,557
-13.50% 1.44% 14.11% 18.99% -3.32% 9.66% 23.97% 31.65%
10.00%

0.00%
2018 2017

1,020,928 1,147,010 1,103,652 1,999,520 1,669,796 397,965 386,720 679,527 -10.00%

1,901,592 2,158,277 2,127,090 1,876,321 1,618,725 1,672,530 1,510,709 1,148,557
53.69% 53.14% 51.89% 106.57% 103.16% 23.79% 25.60% 59.16% -20.00%

-30.00%
(288,518) 98,642 485,880 673,605 (19,572) 216,453 521,014 574,430
(41,799) (58,623) (82,220) (162,088) (65,017) 32,777 32,230 (6,061) -40.00%
6.90251 -1.68265 -5.909511 -4.155798 0.301029 6.603808 16.165498 -94.77479

573,014 959,868 780,582 1,223,445 613,334 666,066 979,275 958,083

40.00%

30.00%

20.00%
 549,238 627,480 431,226 236,510 114,695 98,473 72,870 168,507
104.33% 152.97% 181.01% 517.29% 534.75% 676.39% 1343.87% 568.57% 40.00%

30.00%

20.00%
573,014 959,868 780,582 1,223,445 613,334 666,066 979,275 958,083
397,265 555,113 383,359 273,796 292,517 281,861 254,542 215,783 10.00%
549,238 627,480 431,226 236,510 114,695 98,473 72,870 168,507
Axis Title 0.00%
0.319987 0.645048 0.921148 4.015259 2.797132 3.901628 9.9455606 4.4051582
-10.00%

-20.00%

-30.00%
476189 469236 328578 283157 287189 268202 235163 210648 -40.00%
2,501,739 5,066,335 5,040,866 3,503,145 1,261,791 1,738,749 1,839,415 1,562,223
360 360 360 360 360 360 360 360
69 33 23 29 82 56 46 49

11,294 57,131 225,043 206,375 13,969 153,184 188,802 295,269

2,592,925 5,627,600 5,971,557 4,565,929 1,371,427 2,449,384 2,814,858 2,659,858
360 360 360 360 360 360 360 360
2 4 14 16 4 23 24 40 1600.0
1400.0
1200.0
198,329 83,131 39,458 77,415 78,348 69,985 38,052 41,114
2,501,739 5,066,335 5,040,866 3,503,145 1,261,791 1,738,749 1,839,415 1,562,223 1000.0
360 360 360 360 360 360 360 360 800.0
29 6 3 8 22 14 7 9 Axis Title 600.0
400.0
200.0
2,592,925 5,627,600 5,971,557 4,565,929 1,371,427 2,449,384 2,814,858 2,659,858
2,122,799 2,242,729 2,372,787 2,573,916 2,621,269 1,350,024 862,923 807,213 0.0
1.221465 2.509264 2.516685 1.773923 0.523192 1.814326 3.2620037 3.2951129

2,592,925 5,627,600 5,971,557 4,565,929 1,371,427 2,449,384 2,814,858 2,659,858

2,922,520 3,305,287 3,230,742 3,875,841 3,288,521 2,070,495 1,897,429 1,828,084
0.887222 1.702606 1.848355 1.178049 0.417035 1.182994 1.4835116 1.4549977

TOTAL ASSETS TURNOVER 90

2.5 80
70
2 60
50
1.5
Row 83 40
Axis Title
Axis Title 1 30
20
0.5
 70
2 60
50
1.5
Row 83 40
Axis Title
Axis Title 1 30
20
0.5 10
0
0 201
201820172016201520142013201220112010200920082007

DA
35
30
25
20

Axis Title 15
10
5
0
20
 GROSS PROFIT MARGIN
50.00% OPER

30.00%
40.00%
20.00%

30.00%
10.00%

Row 8
20.00% 0.00%
2018 2017 2016 20

-10.00%
10.00%
-20.00%

0.00%
201820172016201520142013201220112010200920082007 -30.00%

-10.00% -40.00%

R
NET PROFIT MARGIN
25.00%
20.00%
20.00%
10.00%
15.00%

0.00% 10.00%
2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Row 18 5.00%
-10.00% Axis Title
0.00%
201820172
-20.00% -5.00%

-10.00%
-30.00%
-15.00%
-40.00%
-20.00%

RETURN ON EQUITY
40.00%

30.00%

20.00%
 RETURN ON EQUITY
40.00%

30.00%

20.00%

10.00% Row 28
Axis Title 0.00%
201820172016201520142013201220112010200920082007
-10.00%

-20.00%

-30.00%

-40.00%

LIQUDITY RATIO

CURRENT RATIO
1600.00% 12
1400.00%
10
1200.00%
8
1000.00%
800.00% Row 47 6
Axis Title Axis Title
600.00% 4
400.00% 2
200.00%
0
0.00% 20182017201620
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007

EFFICIENCY RATIO

DAYS IN INVENTORY DAYS SA

90 45
80 40
70 35
60 30
50 25
Row 61
40 20
Axis Title Axis Title
15
30
10
20
5
 70 35
60 30
50 25
Row 61
40 20
Axis Title Axis Title
15
30
10
20
5
10
0
0 201820172016201
201820172016201520142013201220112010200920082007

DAYS PAYABLE OUTSTANDING PROPER

35 3.5
30 3
25 2.5
20 2
Row 73
1.5
Axis Title 15 Axis Title
10 1
0.5
5
0
0 20182017201
201820172016201520142013201220112010200920082007
 OPERATING PROFIT MARGIN

30.00%

20.00%

10.00%

0.00% Row 13
2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007

-10.00%

-20.00%

-30.00%

-40.00%

RETURN ON ASSETS
25.00%

20.00%

15.00%

10.00%
Row 23
5.00%
Axis Title
0.00%
201820172016201520142013201220112010200920082007
-5.00%

-10.00%

-15.00%

-20.00%
 QUICK RATIO
12

10

6 Row 53
Axis Title
4

0
201820172016201520142013201220112010200920082007

DAYS SALES OUTSTANDING

45
40
35
30
25 Row 67
20
Axis Title
15
10
5
 35
30
25 Row 67
20
Axis Title
15
10
5
0
201820172016201520142013201220112010200920082007

PROPERTY PLANT EQUIPMENET

3.5
3
2.5
2
Row 78
1.5
Axis Title
1
0.5
0
201820172016201520142013201220112010200920082007
4,134,540 2,814,136 3,134,798 1,451,153 2,501,739 5,066,335 5,040,866 3,503,145 1,261,791
360 360 360 360 360 360 360 360 360
11484.83 7817.044 8707.772 4030.981 6949.275 14073.15 14002.41 9730.958 3504.975
1,738,749 1,839,415 1,562,223
360 360 360
4829.858 5109.486 4339.508