Type The Document Title

[Type the document title]
A
Project Report
On
Financial Analysis
Of
Godrej Consumer Products Limited
Submitted to
S.V. Institute of Management
Kadi Sarva Vishwavidyalayalaya
On
17/12/2013
By
Patel Ami V.
Roll No. -13
Trivedi Kinjal K.
Roll No. 36
Introduction to the Company

Godrej Consumer Products Ltd (GCPL) is a major player in the Indian FMCG market, with
leading Household and Personal Care Products. Our brands, which include Good Knight,
Cinthol, Godrej No. 1, Expert, Nupur, and air, Hit, Fairglow, Ezee and Protect are household
names across the country. We are one of the largest marketers of toilet soaps in the country
and are also leaders in hair colors and household insecticides. Four of our brands (Good
Knight, Cinthol, Godrej No.1 and Godrej Expert Hair Colour) are ranked among the 100
Most Trusted Brands in the country by Economic Times - Brand Equity 2012.
We are driven by our mission to continuously enhance the quality of life of consumers in
high-growth markets with superior-quality and affordable home care, personal care and
hygiene products. We also have a strong emerging presence in markets outside India. As part
of increasing our global footprint, we recently acquired 60% rights in Cosmetic National, a
Chilean hair colour company. The acquisition of the pan-African Darling Group, and
Rapidol and Kinky in South Africa have given GCPL leading positions in the fast growing
African ethnic hair care market. With acquisitions in West Africa, the Megasari Group, a
leading household care company in Indonesia and Issue Group and Agencies, two leading
hair colorant companies in Argentina, Keyline Brands in the United Kingdom, and Godrej
Global Mideast FZE, we own international brands and trademarks in Asia (ex. India),
Latam, Africa, Europe, Australia, Canada and the Middle East.
Group
As of 30 November 2007, it employed over 1,349 full-time employees. Godrej started its journey
by manufacturing locks to safe keep millions of Indian dreams.
History of the Company

The Consumer Products business was part of the erstwhile Godrej Soaps Limited (GSL) and was
demerged into Godrej Consumer Products Limited in April 2001, pursuant to a scheme of
demerger approved by the Honble High Court of Judicature, Mumbai, dated 14 March 2001.
Established in 1897, the Godrej group has grown in India from the days of the charkha to nights
at the call centers. Our founder, Ardeshir Godrej, lawyer-turned-locksmith, was a persistent
inventor and a strong visionary who could see the spark in the future. His inventions,
manufactured by his brother Pirojsha Godrej, were the foundation of todays Godrej Empire.
One of Indias most trusted brand, Godrej enjoys the patronage and trust of around 500
million Indians every single day. Our customers mean the world to us. We are happy only
when
we
see
a
delight
customer
smile.
With 7 major companies with interests in real estate, FMCG, industrial engineering,
appliances, furniture, security and agri care to name a few our turnover crosses 4.1
billion dollars*. You think of Godrej as such an integral part of India like the bhangara or
the kurta that you may be surprised to know that 26% of our business is done overseas.
Our presence in more than 60 countries ensures that our customers are at home with Godrej
no matter where they go. With brands you can believe in, service excellence you can count
on and the promise of brighter living for every customer, Godrej knows what makes India
tick
today.
Today, we are at a point in Godrejs history when our amazing past is meeting up with its
spectacular future head on. Godrej is learning and relishing being young again.
Product Profile
Industry
Founded
Headquarters
Area served
Key people
Consumer goods
2001
Mumbai, Maharashtra, India[1]
India
Adi Godrej, Chairman
Products
A Mahendran, Managing Director

Toilet soaps, hair colour, household
insecticides, liquid detergents,
Revenue
toiletries and others

3793 crores (US$580 million)
Net income
(2010-11)[2]
481 crores (US$74 million) (2010-
Employees
Parent
Subsidiaries
11)[2]
1,200 (2012)
Godrej Group
Essence Consumer Care
Products Pvt. Ltd.
Natures Consumer Care

Products Pvt. Ltd.
Godrej Hygiene Products

Ltd.
Godrej Netherlands B.V.

godrej.com
Website
Nature of Businesses
GCPL operates in the domestic and international markets in the Personal and Household Care
segment. Some of the categories are soaps, hair colorants, toiletries and liquid detergents.
Recently, it made an entry into fast-growing air freshener category by launching a new fragrance
product "air" in the market.
Board of Directors
1) Adi Godrej: Adi Godrej is the Chairman of the Godrej Group and several entities that are
part of one of India are leading conglomerates.
Bankers
Auditors
Comparative Balance sheet and Analysis of Balance Sheet

Mar '09
Mar '10
Mar '11
Mar '12
Mar '13
12months
Sources Of Funds
Total Share Capital
Equity Share Capital
Share Application Money
Preference Share Capital
Reserves
Revaluation Reserves
Net worth
Secured Loans
Unsecured Loans
Total Debt
Total Liabilities
25.7
25.7
0
0
511.22
0
536.92
14.89
48
62.89
599.81
Mar '09
12months
Application Of Funds
Gross Block
Less: Accum. Depreciation
Net Block
Capital Work in Progress
Investments
Inventories
Sundry Debtors
Cash and Bank Balance
Total Current Assets
Loans and Advances
Fixed Deposits
Total CA, Loans &
Advances
Deferred Credit
Current Liabilities
Provisions
Total CL & Provisions
Net Current Assets
Miscellaneous Expenses
Total Assets
12
months
12
months
30.82
32.36
30.82
32.36
0
0
0
0
796.65 1,501.32
0
0
827.47 1,533.68
12.4
10.06
0
262.43
12.4
272.49
839.87 1,806.17
Mar '10
12
months
12
months
12
months
34.03
34.03
34.03
34.03
0
0
0
0
2,489.89 2,727.07
0
0
2,523.92 2,761.10
2.27
0.65
235.24
260.17
237.51
260.82
2,761.43 3,021.92
Mar '11
12
months
Mar '12
12
months
Mar '13
12
months
266.54
96.75
169.79
2.5
97.89
126.67
9.86
23.67
160.2
126.14
320.89
607.23
273.8 1,461.06
108.24
231.35
165.56 1,229.71
0.84
11.88
521.88
362.06
168.05
306.36
33.15
103.28
20.63
27.04
221.83
436.68
165.85
263.89
165.07
53.59
552.75
754.16
1,482.32
300.91
1,181.41
77.6
1,193.46
433.04
94.27
97.31
624.62
236.01
272.32
1,132.95
1,529.17
383.34
1,145.83
121.1
1,450.05
536.37
122.13
460.55
1,119.05
252.35
0
1,371.40
0
244.67
32.94
277.61
329.62
0
599.8
0
0
348.88
533.35
52.28
18.28
401.16
551.63
151.59
202.53
0
0
839.87 1,806.18
0
0
798.21 1,034.03
25.78
32.43
823.99 1,066.46
308.96
304.94
0
0
2,761.43 3,021.92
Contingent Liabilities
Book Value (Rs)
45.42
20.9
79.41
26.85
64.76
47.4
2,396.82 2,826.07
74.17
81.13
Balance sheet
The balance sheet is financial statement that presents enterprise assets, liabilities and owners
equity at a point in time.
Liabilities
A liability is a present obligation of the enterprise arising from past events, the settlement of
which is expected to result in an outflow from the enterprise of resources embodying economic
benefits.
Shareholders fund
The shareholder fund includes the share capital and reserve and surplus.
Share capital
Share capital is the amount contributed by the shareholders towards the companys capital and
in the companys share capital account.
The share capital of Godrej Consumer Products limited is same in each year of analysis it
includes Equity Share Capital and Preference Share Capital.
Reserve and Surplus

Reserves together with share capital constitute the equity of company. In the balance sheet
Reserve and Surplus are presented under the grouping, Reserve and Surplus which
compromises retain earnings as well as several non-earning items.
Year
Reserves
Mar '09
Mar '10
Mar '11
Mar '12
Mar '13
511.22
796.65
1,501.32
2,489.89
2,727.07
Here the Reserves changes every year compared to last year. On the above table and graph
shown that this change is because of general reserve which increases at increasing rate every
year. The company has reserve and surplus for capital reserve, contingency reserve and general
reserve. The company emphasizes more on the general reserve.
Borrowings
We can divide borrowings by short term borrowings and long term borrowings. Borrowings are
divided on the basis of time to pay back the borrowings and in another way we can divided them
under secured loans and unsecured loans. This division is done in the basis of securities. Under
secured loans, collateral or other securities are being held and unsecured loans are the liabilities
for which the creditor holds on securities.
1) Comparative Profit and Loss Account and Analysis of Profit & Loss Statement
2) Common Size Statements
3) Trend Analysis ( Index Analysis)
4) Analysis of Cash flow Statement

Cash Flow
------------------- in Rs. Cr. -------------------
Mar '13
Mar '12
Mar '11
Mar '10
Mar '09
12 mths
12 mths
12 mths
12 mths
12 mths
Net Profit Before Tax
632.96
578.11
504.64
299.14
185.92
Net Cash From Operating Activities
579.98
687.64
256.59
267.99
136.38
Net Cash (used in)/from

Investing Activities
-259.18
-1006.39
-1086.49
-228.01
5.29
Net Cash (used in)/from Financing Activities
-151.17
438.91
567.28
-199.00
183.05
Net (decrease)/increase In Cash and Cash

Equivalents
169.63
120.16
-262.62
-159.03
324.72
Opening Cash & Cash Equivalents
191.97
71.81
343.25
344.73
19.87
Closing Cash & Cash Equivalents
361.60
191.97
80.63
185.70
344.57
5) Ratio Analysis and Common size Analysis
Meaning
Ratio analysis is defined as the systematic use of ratio to interpret the financial statements so that
the strength and weakness of a firm as well as its historical performance and current financial
condition can be determined.
Importance
The importance of ratio analysis lies in the fact that it presents fact on comparative basis and
enables the drawing of inferences regarding the performance of a firm. Ratio analysis is relevant
in assessing the performance of a firm in respect of the following aspect:
Balance Sheet of Godrej Consumer
Products
------------------- in Rs. Cr. ------------------Mar '13
Mar '12
Mar '11
Mar '10
Mar '0
12 mths
12 mths
12 mths
12 mths
12 mth
Total Share Capital
34.03
34.03
32.36
30.82
25.7
34.03
34.03
32.36
30.82
25.7
0.00
0.00
0.00
0.00
0.0
0.00
0.00
0.00
0.00
0.0
2,727.07
2,489.89
1,501.32
796.65
511.2
0.00
0.00
0.00
0.00
0.0
2,761.10
2,523.92
1,533.68
827.47
536.9
0.65
2.27
10.06
12.40
14.8
Unsecured Loans
260.17
235.24
262.43
0.00
48.0
Total Debt
260.82
237.51
272.49
12.40
62.8
3,021.92
2,761.43
1,806.17
839.87
599.8
Mar '13
Mar '12
Mar '11
Mar '10
Mar '0
Sources Of Funds
Reserves
Networth
Secured Loans
Total Liabilities

12 mths
12 mths
12 mths
12 mths
12 mth
1,529.17
1,482.32
1,461.06
273.80
266.5
383.34
300.91
231.35
108.24
96.7
1,145.83
1,181.41
1,229.71
165.56
169.7
121.10
77.60
11.88
0.84
2.5
1,450.05
1,193.46
362.06
521.88
97.8
Inventories
536.37
433.04
306.36
168.05
126.6
Sundry Debtors
122.13
94.27
103.28
33.15
9.8
460.55
97.31
27.04
20.63
23.6
1,119.05
624.62
436.68
221.83
160.2
252.35
236.01
263.89
165.85
126.1
0.00
272.32
53.59
165.07
320.8
1,371.40
1,132.95
754.16
552.75
607.2
0.00
0.00
0.00
0.00
0.0
1,034.03
798.21
533.35
348.88
244.6
32.43
25.78
18.28
52.28
32.9
1,066.46
823.99
551.63
401.16
277.6
304.94
308.96
202.53
151.59
329.6
0.00
0.00
0.00
0.00
0.0
Total Assets
3,021.92
2,761.43
1,806.18
839.87
599.8
2,826.07
2,396.82
64.76
79.41
45.4
81.13
74.17
47.40
26.85
20.9
Gross Block
Net Block
Investments

Loans and Advances
Fixed Deposits
Total CA, Loans & Advances
Deffered Credit
Current Liabilities
Provisions
Net Current Assets
Book Value (Rs)
------------------- in Rs. Cr. ------------------Mar '13
Mar '12
Mar '11
Mar '10
Mar '09
12 mths
12 mths
12 mths
12 mths
12 mths
3,789.13
3,100.53
2,477.46
1,301.58
1,135.37
208.11
125.46
83.15
27.38
39.50
3,581.02
2,975.07
2,394.31
1,274.20
1,095.87
50.65
227.92
111.38
42.95
38.71
116.91
86.74
31.46
15.13
-20.91
3,748.58
3,289.73
2,537.15
1,332.28
1,113.67
1,823.99
1,571.36
1,216.22
582.69
606.74
82.98
67.34
51.15
32.90
35.49
165.56
155.35
133.58
120.94
58.44
Other Manufacturing Expenses
3.02
71.50
69.35
20.39
18.26
Selling and Admin Expenses
0.00
602.64
474.16
249.18
173.08
992.31
19.69
25.02
9.63
12.55
0.00
0.00
0.00
0.00
0.00
3,067.86
2,487.88
1,969.48
1,015.73
904.56
Mar '13
Mar '12
Mar '11
Mar '10
Mar '09
12 mths
12 mths
12 mths
12 mths
12 mths
630.07
573.93
456.29
273.60
170.40
Income
Sales Turnover
Excise Duty
Net Sales
Other Income
Stock Adjustments
Total Income
Expenditure
Raw Materials
Power & Fuel Cost
Employee Cost
Preoperative Exp Capitalised
Total Expenses
Operating Profit

PBDIT
680.72
801.85
567.67
316.55
209.11
Interest
15.49
16.96
8.77
3.66
8.82
665.23
784.89
558.90
312.89
200.29
32.27
25.83
21.98
13.75
14.37
Other Written Off
0.00
0.00
0.00
0.00
0.00
Profit Before Tax
632.96
759.06
536.92
299.14
185.92
0.00
0.00
0.00
0.00
0.64
PBT (Post Extra-ord Items)
632.96
759.06
536.92
299.14
186.56
Tax
122.02
154.67
101.97
51.03
25.01
Reported Net Profit
510.94
604.39
434.95
248.12
161.55
1,243.87
916.52
753.26
433.04
297.81
0.00
0.00
0.00
0.00
0.00
170.16
156.63
163.20
125.86
102.98
28.13
25.41
33.39
21.39
17.50
3,403.27
3,402.97
3,235.90
3,081.90
2,569.54
15.01
17.76
13.44
8.05
6.29
500.00
475.00
450.00
425.00
400.00
81.13
74.17
47.40
26.85
20.90
PBDT
Depreciation
Extra-ordinary items
Total Value Addition

Preference Dividend
Equity Dividend
Corporate Dividend Tax
Per share data (annualised)
Shares in issue (lakhs)
Earning Per Share (Rs)
Equity Dividend (%)
Book Value (Rs)
Cash Flow
------------------- in Rs. Cr. ------------------Mar '13
Mar '12
Mar '11
Mar '10
Mar '09
12 mths
12 mths
12 mths
12 mths
12 mths
632.96
578.11
504.64
299.14
185.92
579.98
687.64
256.59
267.99
136.38

-259.18
-1006.39
-1086.49
-228.01
5.29
-151.17
438.91
567.28
-199.00
183.05

Equivalents
169.63
120.16
-262.62
-159.03
324.72
191.97
71.81
343.25
344.73
19.87
361.60
191.97
80.63
185.70
344.57
Godrej Consumer Products
Previous Years
------------------- in Rs. Cr. -------------------
Mar
'13
Mar '12
Mar '11
Mar '10
Mar '09
1.00
1.00
1.00
1.00
1.00
--
--
--
--
--
28.87
25.14
19.90
13.30
7.90
188.27
143.00
112.65
66.28
54.19
Free Reserves Per Share (Rs)
--
--
52.04
29.93
21.00
Bonus in Equity Capital
--
--
--
--
--
Investment Valuation Ratios

Face Value
Dividend Per Share
Operating Profit Per Share (Rs)
Net Operating Profit Per Share (Rs)

Profitability Ratios
Operating Profit Margin(%)
15.33
17.57
17.66
20.07
14.58
Profit Before Interest And Tax Margin(%)
13.98
16.08
16.01
18.54
12.76
Gross Profit Margin(%)
14.13
16.25
16.29
18.91
13.20
Cash Profit Margin(%)
12.25
12.51
14.13
17.27
13.55
Adjusted Cash Margin(%)
12.25
12.51
14.13
17.27
13.55
Net Profit Margin(%)
12.29
14.77
13.88
16.29
12.03
Adjusted Net Profit Margin(%)
12.29
14.77
13.88
16.29
12.03
Return On Capital Employed(%)
18.49
19.24
17.58
43.11
27.40
Return On Net Worth(%)
24.02
25.81
29.83
35.57
30.56
Adjusted Return on Net Worth(%)
21.62
19.57
27.47
35.22
31.05
Return on Assets Excluding Revaluations
97.35
82.73
53.31
30.98
22.06
Return on Assets Including Revaluations
97.35
82.73
53.31
30.98
22.06
Return on Long Term Funds(%)
18.78
19.24
19.62
44.25
28.02
Current Ratio
1.32
1.47
0.92
1.38
1.99
Quick Ratio
0.90
0.96
1.21
1.05
1.71
Debt Equity Ratio
0.59
0.56
1.16
0.04
0.49
Long Term Debt Equity Ratio
0.56
0.56
0.94
0.01
0.46
12.57
12.80
20.29
62.81
14.18
0.59
0.56
1.16
0.04
0.49
Financial Charges Coverage Ratio
13.56
13.78
13.60
41.78
13.36
Financial Charges Coverage Ratio Post Tax
12.27
13.02
11.87
34.64
11.26
6.32
6.36
8.65
9.44
8.93
10.67
11.36
15.18
26.18
25.35
6.32
6.36
8.65
9.44
8.93
Liquidity And Solvency Ratios
Debt Coverage Ratios

Interest Cover
Total Debt to Owners Fund
Management Efficiency Ratios

Inventory Turnover Ratio
Debtors Turnover Ratio
Investments Turnover Ratio

Fixed Assets Turnover Ratio
7.53
6.68
5.66
6.96
4.99
Total Assets Turnover Ratio
5.10
4.16
3.91
4.38
2.40
Asset Turnover Ratio
1.29
1.19
1.60
6.96
4.99
Average Raw Material Holding
--
--
45.64
46.17
31.54
Average Finished Goods Held
--
--
31.24
30.69
31.06
46.87
54.60
62.96
43.85
103.75
48.80
52.34
49.60
38.16
54.75
Imported Composition of Raw Materials

Consumed
--
--
--
--
--
Selling Distribution Cost Composition
--
--
16.47
13.79
14.57
Expenses as Composition of Total Sales
--
--
--
--
--
Dividend Payout Ratio Net Profit
24.90
25.04
38.20
43.86
69.54
Dividend Payout Ratio Cash Profit
22.71
23.00
34.82
41.01
62.59
Earning Retention Ratio
72.33
66.97
58.52
55.72
31.56
Cash Earning Retention Ratio
75.02
70.43
62.47
58.62
38.30
2.46
2.54
3.83
0.10
1.42
Number of Days In Working Capital

Profit & Loss Account Ratios
Material Cost Composition
Cash Flow Indicator Ratios
AdjustedCash Flow Times
Capital Structure
Period
From
To
2012
2013
2011
Instrument
--- CAPITAL (Rs. cr) ---
-PAIDUP-
Authorised
Issued
Shares (nos)
Face Value
Capital
Equity Share
41
34.04
340326925
34.03
2012
Equity Share
41
34.03
340297461
34.03
2010
2011
Equity Share
41
32.36
323590144
32.36
2009
2010
Equity Share
41
30.82
308190044
30.82
2008
2009
Equity Share
29
25.7
256953908
25.7
2007
2008
Equity Share
29
22.58
225844076
22.58
2006
2007
Equity Share
25
22.58
225844076
22.58
2005
2006
Equity Share
25
22.58
56461019
22.58
2004
2005
Equity Share
25
22.64
56604292
22.64
2003
2004
Equity Share
25
22.74
56862353
22.74
2002
2003
Equity Share
25
23.06
57640706
23.06
2001
2002
Equity Share
25
23.64
59112498
23.64
2000
2001
Equity Share
25
175

Products
------------------- in Rs. Cr. ------------------Mar '13
Mar '12
Mar '11
Mar '10
Mar '
12 mths
12 mths
12 mths
12 mths
12 mt
Total Share Capital
34.03
34.03
32.36
30.82
25.
34.03
34.03
32.36
30.82
25.
0.00
0.00
0.00
0.00
0.
0.00
0.00
0.00
0.00
0.
2,727.07
2,489.89
1,501.32
796.65
511.
0.00
0.00
0.00
0.00
0.
2,761.10
2,523.92
1,533.68
827.47
536.
0.65
2.27
10.06
12.40
14.
Unsecured Loans
260.17
235.24
262.43
0.00
48.
Total Debt
260.82
237.51
272.49
12.40
62.
3,021.92
2,761.43
1,806.17
839.87
599.
Mar '13
Mar '12
Mar '11
Mar '10
Mar '
12 mths
12 mths
12 mths
12 mths
12 mt
1,529.17
1,482.32
1,461.06
273.80
266.
383.34
300.91
231.35
108.24
96.
1,145.83
1,181.41
1,229.71
165.56
169.
Sources Of Funds
Reserves
Networth
Secured Loans
Total Liabilities
Gross Block
Net Block

121.10
77.60
11.88
0.84
2.
1,450.05
1,193.46
362.06
521.88
97.
Inventories
536.37
433.04
306.36
168.05
126.
Sundry Debtors
122.13
94.27
103.28
33.15
9.
460.55
97.31
27.04
20.63
23.
1,119.05
624.62
436.68
221.83
160.
252.35
236.01
263.89
165.85
126.
0.00
272.32
53.59
165.07
320.
1,371.40
1,132.95
754.16
552.75
607.
0.00
0.00
0.00
0.00
0.
1,034.03
798.21
533.35
348.88
244.
32.43
25.78
18.28
52.28
32.
1,066.46
823.99
551.63
401.16
277.
304.94
308.96
202.53
151.59
329.
0.00
0.00
0.00
0.00
0.
Total Assets
3,021.92
2,761.43
1,806.18
839.87
599.
2,826.07
2,396.82
64.76
79.41
45.
81.13
74.17
47.40
26.85
20.
Investments

Loans and Advances
Fixed Deposits
Deffered Credit
Current Liabilities
Provisions
Net Current Assets
Book Value (Rs)
Profit & Loss account
------------------- in Rs. Cr. ------------------Mar '13
Mar '12
Mar '11
Mar '10
Mar '09

12 mths
12 mths
12 mths
12 mths
12 mths
3,789.13
3,100.53
2,477.46
1,301.58
1,135.37
208.11
125.46
83.15
27.38
39.50
3,581.02
2,975.07
2,394.31
1,274.20
1,095.87
50.65
227.92
111.38
42.95
38.71
116.91
86.74
31.46
15.13
-20.91
3,748.58
3,289.73
2,537.15
1,332.28
1,113.67
1,823.99
1,571.36
1,216.22
582.69
606.74
82.98
67.34
51.15
32.90
35.49
165.56
155.35
133.58
120.94
58.44
3.02
71.50
69.35
20.39
18.26
0.00
602.64
474.16
249.18
173.08
992.31
19.69
25.02
9.63
12.55
0.00
0.00
0.00
0.00
0.00
3,067.86
2,487.88
1,969.48
1,015.73
904.56
Mar '13
Mar '12
Mar '11
Mar '10
Mar '09
12 mths
12 mths
12 mths
12 mths
12 mths
Operating Profit
630.07
573.93
456.29
273.60
170.40
PBDIT
680.72
801.85
567.67
316.55
209.11
Interest
15.49
16.96
8.77
3.66
8.82
665.23
784.89
558.90
312.89
200.29
32.27
25.83
21.98
13.75
14.37
0.00
0.00
0.00
0.00
0.00
Income
Sales Turnover
Excise Duty
Net Sales
Other Income
Stock Adjustments
Total Income
Expenditure
Raw Materials
Power & Fuel Cost
Employee Cost
Total Expenses
PBDT
Depreciation
Other Written Off

Profit Before Tax
632.96
759.06
536.92
299.14
185.92
0.00
0.00
0.00
0.00
0.64
632.96
759.06
536.92
299.14
186.56
Tax
122.02
154.67
101.97
51.03
25.01
Reported Net Profit
510.94
604.39
434.95
248.12
161.55
1,243.87
916.52
753.26
433.04
297.81
0.00
0.00
0.00
0.00
0.00
170.16
156.63
163.20
125.86
102.98
28.13
25.41
33.39
21.39
17.50
3,403.27
3,402.97
3,235.90
3,081.90
2,569.54
15.01
17.76
13.44
8.05
6.29
500.00
475.00
450.00
425.00
400.00
81.13
74.17
47.40
26.85
20.90

Preference Dividend
Equity Dividend
Equity Dividend (%)
Book Value (Rs)
Cash Flow
------------------- in Rs. Cr. ------------------Mar '13
Mar '12
Mar '11
Mar '10
Mar '09
12 mths
12 mths
12 mths
12 mths
12 mths
632.96
578.11
504.64
299.14
185.92
579.98
687.64
256.59
267.99
136.38

-259.18
-1006.39
-1086.49
-228.01
5.29
-151.17
438.91
567.28
-199.00
183.05

Equivalents
169.63
120.16
-262.62
-159.03
324.72
191.97
71.81
343.25
344.73
19.87
361.60
191.97
80.63
185.70
344.57
Previous Years
------------------- in Rs. Cr. -------------------
Mar
'13
Mar '12
Mar '11
Mar '10
Mar '09
1.00
1.00
1.00
1.00
1.00
--
--
--
--
--
28.87
25.14
19.90
13.30
7.90
188.27
143.00
112.65
66.28
54.19
--
--
52.04
29.93
21.00
--
--
--
--
--
15.33
17.57
17.66
20.07
14.58
13.98
16.08
16.01
18.54
12.76
14.13
16.25
16.29
18.91
13.20
12.25
12.51
14.13
17.27
13.55
12.25
12.51
14.13
17.27
13.55

Face Value
Dividend Per Share

12.29
14.77
13.88
16.29
12.03
12.29
14.77
13.88
16.29
12.03
18.49
19.24
17.58
43.11
27.40
24.02
25.81
29.83
35.57
30.56
21.62
19.57
27.47
35.22
31.05
97.35
82.73
53.31
30.98
22.06
97.35
82.73
53.31
30.98
22.06
18.78
19.24
19.62
44.25
28.02
Current Ratio
1.32
1.47
0.92
1.38
1.99
Quick Ratio
0.90
0.96
1.21
1.05
1.71
Debt Equity Ratio
0.59
0.56
1.16
0.04
0.49
0.56
0.56
0.94
0.01
0.46
12.57
12.80
20.29
62.81
14.18
0.59
0.56
1.16
0.04
0.49
13.56
13.78
13.60
41.78
13.36
12.27
13.02
11.87
34.64
11.26
6.32
6.36
8.65
9.44
8.93
10.67
11.36
15.18
26.18
25.35
6.32
6.36
8.65
9.44
8.93
7.53
6.68
5.66
6.96
4.99
5.10
4.16
3.91
4.38
2.40
1.29
1.19
1.60
6.96
4.99
--
--
45.64
46.17
31.54
--
--
31.24
30.69
31.06

Interest Cover


46.87
54.60
62.96
43.85
103.75
48.80
52.34
49.60
38.16
54.75

Consumed
--
--
--
--
--
--
--
16.47
13.79
14.57
--
--
--
--
--
24.90
25.04
38.20
43.86
69.54
22.71
23.00
34.82
41.01
62.59
72.33
66.97
58.52
55.72
31.56
75.02
70.43
62.47
58.62
38.30
2.46
2.54
3.83
0.10
1.42

Capital Structure
Period
From
To
2012
2013
2011
Instrument
-PAIDUP-
Authorised
Issued
Shares (nos)
Face Value
Capital
Equity Share
41
34.04
340326925
34.03
2012
Equity Share
41
34.03
340297461
34.03
2010
2011
Equity Share
41
32.36
323590144
32.36
2009
2010
Equity Share
41
30.82
308190044
30.82
2008
2009
Equity Share
29
25.7
256953908
25.7
2007
2008
Equity Share
29
22.58
225844076
22.58
2006
2007
Equity Share
25
22.58
225844076
22.58
2005
2006
Equity Share
25
22.58
56461019
22.58
2004
2005
Equity Share
25
22.64
56604292
22.64
2003
2004
Equity Share
25
22.74
56862353
22.74
2002
2003
Equity Share
25
23.06
57640706
23.06
2001
2002
Equity Share
25
23.64
59112498
23.64
2000
2001
Equity Share
25
175

Products
------------------- in Rs. Cr. ------------------Mar '13
Mar '12
Mar '11
Mar '10
Mar '
12 mths
12 mths
12 mths
12 mths
12 mt
Sources Of Funds
Total Share Capital
34.03
34.03
32.36
30.82
25.
34.03
34.03
32.36
30.82
25.
0.00
0.00
0.00
0.00
0.
0.00
0.00
0.00
0.00
0.
2,727.07
2,489.89
1,501.32
796.65
511.
0.00
0.00
0.00
0.00
0.
2,761.10
2,523.92
1,533.68
827.47
536.
0.65
2.27
10.06
12.40
14.
Unsecured Loans
260.17
235.24
262.43
0.00
48.
Total Debt
260.82
237.51
272.49
12.40
62.
3,021.92
2,761.43
1,806.17
839.87
599.
Mar '13
Mar '12
Mar '11
Mar '10
Mar '
12 mths
12 mths
12 mths
12 mths
12 mt
1,529.17
1,482.32
1,461.06
273.80
266.
383.34
300.91
231.35
108.24
96.
1,145.83
1,181.41
1,229.71
165.56
169.
121.10
77.60
11.88
0.84
2.
1,450.05
1,193.46
362.06
521.88
97.
Inventories
536.37
433.04
306.36
168.05
126.
Sundry Debtors
122.13
94.27
103.28
33.15
9.
460.55
97.31
27.04
20.63
23.
1,119.05
624.62
436.68
221.83
160.
252.35
236.01
263.89
165.85
126.
Reserves
Networth
Secured Loans
Total Liabilities
Gross Block
Net Block
Investments

Loans and Advances

Fixed Deposits
0.00
272.32
53.59
165.07
320.
1,371.40
1,132.95
754.16
552.75
607.
0.00
0.00
0.00
0.00
0.
1,034.03
798.21
533.35
348.88
244.
32.43
25.78
18.28
52.28
32.
1,066.46
823.99
551.63
401.16
277.
304.94
308.96
202.53
151.59
329.
0.00
0.00
0.00
0.00
0.
Total Assets
3,021.92
2,761.43
1,806.18
839.87
599.
2,826.07
2,396.82
64.76
79.41
45.
81.13
74.17
47.40
26.85
20.

Deffered Credit
Current Liabilities
Provisions
Net Current Assets
Book Value (Rs)
------------------- in Rs. Cr. ------------------Mar '13
Mar '12
Mar '11
Mar '10
Mar '09
12 mths
12 mths
12 mths
12 mths
12 mths
3,789.13
3,100.53
2,477.46
1,301.58
1,135.37
208.11
125.46
83.15
27.38
39.50
3,581.02
2,975.07
2,394.31
1,274.20
1,095.87
50.65
227.92
111.38
42.95
38.71
Income
Sales Turnover
Excise Duty
Net Sales
Other Income

Stock Adjustments
116.91
86.74
31.46
15.13
-20.91
3,748.58
3,289.73
2,537.15
1,332.28
1,113.67
1,823.99
1,571.36
1,216.22
582.69
606.74
82.98
67.34
51.15
32.90
35.49
165.56
155.35
133.58
120.94
58.44
3.02
71.50
69.35
20.39
18.26
0.00
602.64
474.16
249.18
173.08
992.31
19.69
25.02
9.63
12.55
0.00
0.00
0.00
0.00
0.00
3,067.86
2,487.88
1,969.48
1,015.73
904.56
Mar '13
Mar '12
Mar '11
Mar '10
Mar '09
12 mths
12 mths
12 mths
12 mths
12 mths
Operating Profit
630.07
573.93
456.29
273.60
170.40
PBDIT
680.72
801.85
567.67
316.55
209.11
Interest
15.49
16.96
8.77
3.66
8.82
665.23
784.89
558.90
312.89
200.29
32.27
25.83
21.98
13.75
14.37
Other Written Off
0.00
0.00
0.00
0.00
0.00
Profit Before Tax
632.96
759.06
536.92
299.14
185.92
0.00
0.00
0.00
0.00
0.64
632.96
759.06
536.92
299.14
186.56
Tax
122.02
154.67
101.97
51.03
25.01
Reported Net Profit
510.94
604.39
434.95
248.12
161.55
1,243.87
916.52
753.26
433.04
297.81
0.00
0.00
0.00
0.00
0.00
Total Income
Expenditure
Raw Materials
Power & Fuel Cost
Employee Cost
Total Expenses
PBDT
Depreciation

Preference Dividend

Equity Dividend
170.16
156.63
163.20
125.86
102.98
28.13
25.41
33.39
21.39
17.50
3,403.27
3,402.97
3,235.90
3,081.90
2,569.54
15.01
17.76
13.44
8.05
6.29
500.00
475.00
450.00
425.00
400.00
81.13
74.17
47.40
26.85
20.90

Equity Dividend (%)
Book Value (Rs)
Cash Flow
------------------- in Rs. Cr. ------------------Mar '13
Mar '12
Mar '11
Mar '10
Mar '09
12 mths
12 mths
12 mths
12 mths
12 mths
632.96
578.11
504.64
299.14
185.92
579.98
687.64
256.59
267.99
136.38

-259.18
-1006.39
-1086.49
-228.01
5.29
-151.17
438.91
567.28
-199.00
183.05

Equivalents
169.63
120.16
-262.62
-159.03
324.72
191.97
71.81
343.25
344.73
19.87
361.60
191.97
80.63
185.70
344.57
Previous Years
------------------- in Rs. Cr. -------------------
Mar
'13
Mar '12
Mar '11
Mar '10
Mar '09
1.00
1.00
1.00
1.00
1.00
--
--
--
--
--
28.87
25.14
19.90
13.30
7.90
188.27
143.00
112.65
66.28
54.19
--
--
52.04
29.93
21.00
--
--
--
--
--
15.33
17.57
17.66
20.07
14.58
13.98
16.08
16.01
18.54
12.76
14.13
16.25
16.29
18.91
13.20
12.25
12.51
14.13
17.27
13.55
12.25
12.51
14.13
17.27
13.55
12.29
14.77
13.88
16.29
12.03
12.29
14.77
13.88
16.29
12.03
18.49
19.24
17.58
43.11
27.40
24.02
25.81
29.83
35.57
30.56
21.62
19.57
27.47
35.22
31.05
97.35
82.73
53.31
30.98
22.06
97.35
82.73
53.31
30.98
22.06

Face Value
Dividend Per Share

18.78
19.24
19.62
44.25
28.02
Current Ratio
1.32
1.47
0.92
1.38
1.99
Quick Ratio
0.90
0.96
1.21
1.05
1.71
Debt Equity Ratio
0.59
0.56
1.16
0.04
0.49
0.56
0.56
0.94
0.01
0.46
12.57
12.80
20.29
62.81
14.18
0.59
0.56
1.16
0.04
0.49
13.56
13.78
13.60
41.78
13.36
12.27
13.02
11.87
34.64
11.26
6.32
6.36
8.65
9.44
8.93
10.67
11.36
15.18
26.18
25.35
6.32
6.36
8.65
9.44
8.93
7.53
6.68
5.66
6.96
4.99
5.10
4.16
3.91
4.38
2.40
1.29
1.19
1.60
6.96
4.99
--
--
45.64
46.17
31.54
--
--
31.24
30.69
31.06
46.87
54.60
62.96
43.85
103.75
48.80
52.34
49.60
38.16
54.75

Consumed
--
--
--
--
--
--
--
16.47
13.79
14.57
--
--
--
--
--

Interest Cover



24.90
25.04
38.20
43.86
69.54
22.71
23.00
34.82
41.01
62.59
72.33
66.97
58.52
55.72
31.56
75.02
70.43
62.47
58.62
38.30
2.46
2.54
3.83
0.10
1.42
Capital Structure

Period
From
To
2012
2013
2011
Instrument
-PAIDUP-
Authorised
Issued
Shares (nos)
Face Value
Capital
Equity Share
41
34.04
340326925
34.03
2012
Equity Share
41
34.03
340297461
34.03
2010
2011
Equity Share
41
32.36
323590144
32.36
2009
2010
Equity Share
41
30.82
308190044
30.82
2008
2009
Equity Share
29
25.7
256953908
25.7
2007
2008
Equity Share
29
22.58
225844076
22.58
2006
2007
Equity Share
25
22.58
225844076
22.58
2005
2006
Equity Share
25
22.58
56461019
22.58
2004
2005
Equity Share
25
22.64
56604292
22.64
2003
2004
Equity Share
25
22.74
56862353
22.74
2002
2003
Equity Share
25
23.06
57640706
23.06
2001
2002
Equity Share
25
23.64
59112498
23.64
2000
2001
Equity Share
25
175

Products
------------------- in Rs. Cr. ------------------Mar '13
Mar '12
Mar '11
Mar '10
Mar '
12 mths
12 mths
12 mths
12 mths
12 mt
Total Share Capital
34.03
34.03
32.36
30.82
25.
34.03
34.03
32.36
30.82
25.
0.00
0.00
0.00
0.00
0.
0.00
0.00
0.00
0.00
0.
2,727.07
2,489.89
1,501.32
796.65
511.
0.00
0.00
0.00
0.00
0.
Sources Of Funds
Reserves

Networth
2,761.10
2,523.92
1,533.68
827.47
536.
0.65
2.27
10.06
12.40
14.
Unsecured Loans
260.17
235.24
262.43
0.00
48.
Total Debt
260.82
237.51
272.49
12.40
62.
3,021.92
2,761.43
1,806.17
839.87
599.
Mar '13
Mar '12
Mar '11
Mar '10
Mar '
12 mths
12 mths
12 mths
12 mths
12 mt
1,529.17
1,482.32
1,461.06
273.80
266.
383.34
300.91
231.35
108.24
96.
1,145.83
1,181.41
1,229.71
165.56
169.
121.10
77.60
11.88
0.84
2.
1,450.05
1,193.46
362.06
521.88
97.
Inventories
536.37
433.04
306.36
168.05
126.
Sundry Debtors
122.13
94.27
103.28
33.15
9.
460.55
97.31
27.04
20.63
23.
1,119.05
624.62
436.68
221.83
160.
252.35
236.01
263.89
165.85
126.
0.00
272.32
53.59
165.07
320.
1,371.40
1,132.95
754.16
552.75
607.
0.00
0.00
0.00
0.00
0.
1,034.03
798.21
533.35
348.88
244.
32.43
25.78
18.28
52.28
32.
1,066.46
823.99
551.63
401.16
277.
304.94
308.96
202.53
151.59
329.
0.00
0.00
0.00
0.00
0.
Secured Loans
Total Liabilities
Gross Block
Net Block
Investments

Loans and Advances
Fixed Deposits
Deffered Credit
Current Liabilities
Provisions
Net Current Assets

Total Assets
3,021.92
2,761.43
1,806.18
839.87
599.
2,826.07
2,396.82
64.76
79.41
45.
81.13
74.17
47.40
26.85
20.
Book Value (Rs)
------------------- in Rs. Cr. ------------------Mar '13
Mar '12
Mar '11
Mar '10
Mar '09
12 mths
12 mths
12 mths
12 mths
12 mths
3,789.13
3,100.53
2,477.46
1,301.58
1,135.37
208.11
125.46
83.15
27.38
39.50
3,581.02
2,975.07
2,394.31
1,274.20
1,095.87
50.65
227.92
111.38
42.95
38.71
116.91
86.74
31.46
15.13
-20.91
3,748.58
3,289.73
2,537.15
1,332.28
1,113.67
1,823.99
1,571.36
1,216.22
582.69
606.74
82.98
67.34
51.15
32.90
35.49
165.56
155.35
133.58
120.94
58.44
3.02
71.50
69.35
20.39
18.26
0.00
602.64
474.16
249.18
173.08
Income
Sales Turnover
Excise Duty
Net Sales
Other Income
Stock Adjustments
Total Income
Expenditure
Raw Materials
Power & Fuel Cost
Employee Cost

992.31
19.69
25.02
9.63
12.55
0.00
0.00
0.00
0.00
0.00
3,067.86
2,487.88
1,969.48
1,015.73
904.56
Mar '13
Mar '12
Mar '11
Mar '10
Mar '09
12 mths
12 mths
12 mths
12 mths
12 mths
Operating Profit
630.07
573.93
456.29
273.60
170.40
PBDIT
680.72
801.85
567.67
316.55
209.11
Interest
15.49
16.96
8.77
3.66
8.82
665.23
784.89
558.90
312.89
200.29
32.27
25.83
21.98
13.75
14.37
Other Written Off
0.00
0.00
0.00
0.00
0.00
Profit Before Tax
632.96
759.06
536.92
299.14
185.92
0.00
0.00
0.00
0.00
0.64
632.96
759.06
536.92
299.14
186.56
Tax
122.02
154.67
101.97
51.03
25.01
Reported Net Profit
510.94
604.39
434.95
248.12
161.55
1,243.87
916.52
753.26
433.04
297.81
0.00
0.00
0.00
0.00
0.00
170.16
156.63
163.20
125.86
102.98
28.13
25.41
33.39
21.39
17.50
3,403.27
3,402.97
3,235.90
3,081.90
2,569.54
15.01
17.76
13.44
8.05
6.29
500.00
475.00
450.00
425.00
400.00
81.13
74.17
47.40
26.85
20.90

Total Expenses
PBDT
Depreciation

Preference Dividend
Equity Dividend
Equity Dividend (%)
Book Value (Rs)
Cash Flow
------------------- in Rs. Cr. ------------------Mar '13
Mar '12
Mar '11
Mar '10
Mar '09
12 mths
12 mths
12 mths
12 mths
12 mths
632.96
578.11
504.64
299.14
185.92
579.98
687.64
256.59
267.99
136.38

-259.18
-1006.39
-1086.49
-228.01
5.29
-151.17
438.91
567.28
-199.00
183.05

Equivalents
169.63
120.16
-262.62
-159.03
324.72
191.97
71.81
343.25
344.73
19.87
361.60
191.97
80.63
185.70
344.57
Previous Years
------------------- in Rs. Cr. -------------------
Mar
'13
Mar '12
Mar '11
Mar '10
Mar '09

Face Value
1.00
1.00
1.00
1.00
1.00
--
--
--
--
--
28.87
25.14
19.90
13.30
7.90
188.27
143.00
112.65
66.28
54.19
--
--
52.04
29.93
21.00
--
--
--
--
--
15.33
17.57
17.66
20.07
14.58
13.98
16.08
16.01
18.54
12.76
14.13
16.25
16.29
18.91
13.20
12.25
12.51
14.13
17.27
13.55
12.25
12.51
14.13
17.27
13.55
12.29
14.77
13.88
16.29
12.03
12.29
14.77
13.88
16.29
12.03
18.49
19.24
17.58
43.11
27.40
24.02
25.81
29.83
35.57
30.56
21.62
19.57
27.47
35.22
31.05
97.35
82.73
53.31
30.98
22.06
97.35
82.73
53.31
30.98
22.06
18.78
19.24
19.62
44.25
28.02
Current Ratio
1.32
1.47
0.92
1.38
1.99
Quick Ratio
0.90
0.96
1.21
1.05
1.71
Debt Equity Ratio
0.59
0.56
1.16
0.04
0.49
0.56
0.56
0.94
0.01
0.46
12.57
12.80
20.29
62.81
14.18
Dividend Per Share


Interest Cover

0.59
0.56
1.16
0.04
0.49
13.56
13.78
13.60
41.78
13.36
12.27
13.02
11.87
34.64
11.26
6.32
6.36
8.65
9.44
8.93
10.67
11.36
15.18
26.18
25.35
6.32
6.36
8.65
9.44
8.93
7.53
6.68
5.66
6.96
4.99
5.10
4.16
3.91
4.38
2.40
1.29
1.19
1.60
6.96
4.99
--
--
45.64
46.17
31.54
--
--
31.24
30.69
31.06
46.87
54.60
62.96
43.85
103.75
48.80
52.34
49.60
38.16
54.75

Consumed
--
--
--
--
--
--
--
16.47
13.79
14.57
--
--
--
--
--
24.90
25.04
38.20
43.86
69.54
22.71
23.00
34.82
41.01
62.59
72.33
66.97
58.52
55.72
31.56
75.02
70.43
62.47
58.62
38.30
2.46
2.54
3.83
0.10
1.42


Capital Structure
Period
From
To
2012
2013
2011
Instrument
-PAIDUP-
Authorised
Issued
Shares (nos)
Face Value
Capital
Equity Share
41
34.04
340326925
34.03
2012
Equity Share
41
34.03
340297461
34.03
2010
2011
Equity Share
41
32.36
323590144
32.36
2009
2010
Equity Share
41
30.82
308190044
30.82
2008
2009
Equity Share
29
25.7
256953908
25.7
2007
2008
Equity Share
29
22.58
225844076
22.58
2006
2007
Equity Share
25
22.58
225844076
22.58
2005
2006
Equity Share
25
22.58
56461019
22.58
2004
2005
Equity Share
25
22.64
56604292
22.64
2003
2004
Equity Share
25
22.74
56862353
22.74
2002
2003
Equity Share
25
23.06
57640706
23.06
2001
2002
Equity Share
25
23.64
59112498
23.64
2000
2001
Equity Share
25
175
Balance Sheet of Godrej Consumer Products
------------------- in Rs. Cr. ------------------Mar '13
Mar '12
Mar '11
Mar '10
Mar '
12 mths
12 mths
12 mths
12 mths
12 mt
Total Share Capital
34.03
34.03
32.36
30.82
25.
34.03
34.03
32.36
30.82
25.
0.00
0.00
0.00
0.00
0.
0.00
0.00
0.00
0.00
0.
2,727.07
2,489.89
1,501.32
796.65
511.
0.00
0.00
0.00
0.00
0.
2,761.10
2,523.92
1,533.68
827.47
536.
0.65
2.27
10.06
12.40
14.
Unsecured Loans
260.17
235.24
262.43
0.00
48.
Total Debt
260.82
237.51
272.49
12.40
62.
3,021.92
2,761.43
1,806.17
839.87
599.
Mar '13
Mar '12
Mar '11
Mar '10
Mar '
Sources Of Funds
Reserves
Networth
Secured Loans
Total Liabilities
12 mths
12 mths
12 mths
12 mths
12 mt
1,529.17
1,482.32
1,461.06
273.80
266.
383.34
300.91
231.35
108.24
96.
1,145.83
1,181.41
1,229.71
165.56
169.
121.10
77.60
11.88
0.84
2.
1,450.05
1,193.46
362.06
521.88
97.
Inventories
536.37
433.04
306.36
168.05
126.
Sundry Debtors
122.13
94.27
103.28
33.15
9.
460.55
97.31
27.04
20.63
23.
1,119.05
624.62
436.68
221.83
160.
252.35
236.01
263.89
165.85
126.
0.00
272.32
53.59
165.07
320.
1,371.40
1,132.95
754.16
552.75
607.
0.00
0.00
0.00
0.00
0.
1,034.03
798.21
533.35
348.88
244.
32.43
25.78
18.28
52.28
32.
1,066.46
823.99
551.63
401.16
277.
304.94
308.96
202.53
151.59
329.
0.00
0.00
0.00
0.00
0.
Total Assets
3,021.92
2,761.43
1,806.18
839.87
599.
2,826.07
2,396.82
64.76
79.41
45.
81.13
74.17
47.40
26.85
20.
Gross Block
Net Block
Investments

Loans and Advances
Fixed Deposits
Deffered Credit
Current Liabilities
Provisions
Net Current Assets
Book Value (Rs)
------------------- in Rs. Cr. ------------------Mar '13
Mar '12
Mar '11
Mar '10
Mar '09
12 mths
12 mths
12 mths
12 mths
12 mths
3,789.13
3,100.53
2,477.46
1,301.58
1,135.37
208.11
125.46
83.15
27.38
39.50
3,581.02
2,975.07
2,394.31
1,274.20
1,095.87
50.65
227.92
111.38
42.95
38.71
116.91
86.74
31.46
15.13
-20.91
3,748.58
3,289.73
2,537.15
1,332.28
1,113.67
1,823.99
1,571.36
1,216.22
582.69
606.74
82.98
67.34
51.15
32.90
35.49
165.56
155.35
133.58
120.94
58.44
3.02
71.50
69.35
20.39
18.26
0.00
602.64
474.16
249.18
173.08
992.31
19.69
25.02
9.63
12.55
0.00
0.00
0.00
0.00
0.00
3,067.86
2,487.88
1,969.48
1,015.73
904.56
Mar '13
Mar '12
Mar '11
Mar '10
Mar '09
12 mths
12 mths
12 mths
12 mths
12 mths
Income
Sales Turnover
Excise Duty
Net Sales
Other Income
Stock Adjustments
Total Income
Expenditure
Raw Materials
Power & Fuel Cost
Employee Cost
Total Expenses
Operating Profit
630.07
573.93
456.29
273.60
170.40
PBDIT
680.72
801.85
567.67
316.55
209.11
Interest
15.49
16.96
8.77
3.66
8.82
665.23
784.89
558.90
312.89
200.29
32.27
25.83
21.98
13.75
14.37
Other Written Off
0.00
0.00
0.00
0.00
0.00
Profit Before Tax
632.96
759.06
536.92
299.14
185.92
0.00
0.00
0.00
0.00
0.64
632.96
759.06
536.92
299.14
186.56
Tax
122.02
154.67
101.97
51.03
25.01
Reported Net Profit
510.94
604.39
434.95
248.12
161.55
1,243.87
916.52
753.26
433.04
297.81
0.00
0.00
0.00
0.00
0.00
170.16
156.63
163.20
125.86
102.98
28.13
25.41
33.39
21.39
17.50
3,403.27
3,402.97
3,235.90
3,081.90
2,569.54
15.01
17.76
13.44
8.05
6.29
500.00
475.00
450.00
425.00
400.00
81.13
74.17
47.40
26.85
20.90
PBDT
Depreciation

Preference Dividend
Equity Dividend
Equity Dividend (%)
Book Value (Rs)
Cash Flow
------------------- in Rs. Cr. ------------------Mar '13
Mar '12
Mar '11
Mar '10
Mar '09

12 mths
12 mths
12 mths
12 mths
12 mths
632.96
578.11
504.64
299.14
185.92
579.98
687.64
256.59
267.99
136.38

-259.18
-1006.39
-1086.49
-228.01
5.29
-151.17
438.91
567.28
-199.00
183.05

Equivalents
169.63
120.16
-262.62
-159.03
324.72
191.97
71.81
343.25
344.73
19.87
361.60
191.97
80.63
185.70
344.57
Previous Years
------------------- in Rs. Cr. -------------------
Mar
'13
Mar '12
Mar '11
Mar '10
Mar '09
1.00
1.00
1.00
1.00
1.00
--
--
--
--
--
28.87
25.14
19.90
13.30
7.90
188.27
143.00
112.65
66.28
54.19
--
--
52.04
29.93
21.00

Face Value
Dividend Per Share

--
--
--
--
--
15.33
17.57
17.66
20.07
14.58
13.98
16.08
16.01
18.54
12.76
14.13
16.25
16.29
18.91
13.20
12.25
12.51
14.13
17.27
13.55
12.25
12.51
14.13
17.27
13.55
12.29
14.77
13.88
16.29
12.03
12.29
14.77
13.88
16.29
12.03
18.49
19.24
17.58
43.11
27.40
24.02
25.81
29.83
35.57
30.56
21.62
19.57
27.47
35.22
31.05
97.35
82.73
53.31
30.98
22.06
97.35
82.73
53.31
30.98
22.06
18.78
19.24
19.62
44.25
28.02
Current Ratio
1.32
1.47
0.92
1.38
1.99
Quick Ratio
0.90
0.96
1.21
1.05
1.71
Debt Equity Ratio
0.59
0.56
1.16
0.04
0.49
0.56
0.56
0.94
0.01
0.46
12.57
12.80
20.29
62.81
14.18
0.59
0.56
1.16
0.04
0.49
13.56
13.78
13.60
41.78
13.36
12.27
13.02
11.87
34.64
11.26
6.32
6.36
8.65
9.44
8.93
10.67
11.36
15.18
26.18
25.35

Interest Cover


6.32
6.36
8.65
9.44
8.93
7.53
6.68
5.66
6.96
4.99
5.10
4.16
3.91
4.38
2.40
1.29
1.19
1.60
6.96
4.99
--
--
45.64
46.17
31.54
--
--
31.24
30.69
31.06
46.87
54.60
62.96
43.85
103.75
48.80
52.34
49.60
38.16
54.75

Consumed
--
--
--
--
--
--
--
16.47
13.79
14.57
--
--
--
--
--
24.90
25.04
38.20
43.86
69.54
22.71
23.00
34.82
41.01
62.59
72.33
66.97
58.52
55.72
31.56
75.02
70.43
62.47
58.62
38.30
2.46
2.54
3.83
0.10
1.42

Capital Structure
Period
From
To
2012
2013
2011
Instrument
-PAIDUP-
Authorised
Issued
Shares (nos)
Face Value
Capital
Equity Share
41
34.04
340326925
34.03
2012
Equity Share
41
34.03
340297461
34.03
2010
2011
Equity Share
41
32.36
323590144
32.36
2009
2010
Equity Share
41
30.82
308190044
30.82
2008
2009
Equity Share
29
25.7
256953908
25.7
2007
2008
Equity Share
29
22.58
225844076
22.58
2006
2007
Equity Share
25
22.58
225844076
22.58
2005
2006
Equity Share
25
22.58
56461019
22.58
2004
2005
Equity Share
25
22.64
56604292
22.64
2003
2004
Equity Share
25
22.74
56862353
22.74
2002
2003
Equity Share
25
23.06
57640706
23.06
2001
2002
Equity Share
25
23.64
59112498
23.64
2000
2001
Equity Share
25
175
1) Liquidity Position
With the help of ratio analysis, conclusion can be drawn regarding the liquidity position if
a firm would be satisfactory if it is able to meet its current obligations when they become
due. A firm can be said to have the ability to meet its short term liabilities if it has
sufficient liquid funds to pay the interest on its short-maturing debt usually within a year
as well as to repay the principal.
2) Long term solvency

Ratio analysis is equally useful for assessing the long term financial liability of a firm.
This aspect of the financial position of a borrower is of concern to the long term creditor,
security analysis and the present and potential owners of the business. The solvency of
the firm is measured by leverage and profitability ratios. The leverage ratio reflects
whether a firm has a reasonable proportion of various sources of finance on the other
hand the profitability ratio indicates whether or not a firm is in a position to offer
adequate return to its owners in consonance with the risk involved.
3) Operating efficiency
Ratio analysis throws light on the degree of efficiency in the management and the
effectiveness in the utilization of its assets. The various activity ratio measures this kind
of operational efficiency. These ratios are used in general by bankers, investors and other
suppliers of credit needs.
4) Overall profitability
The management is constantly concern about the overall profitability of the enterprises.
That is, they are concern about ability of the firm to meet its short time as well as long
term obligations to its creditors, to ensure a reasonable return to its assets of the firm.
This is possible if an integrated view is taken and all the ratios are considered together.
5) Inter-firm comparison
The absolute ratios of firm are not of much use, unless they are compared with similar
ratios of other firms belonging to the same industry. This is inter-firm comparison, which
shows the strength and weakness of the firm as compared to other firms and will indicate
corrective measures.
6) Trend analysis
Ratio analysis enables a firm to take the time dimensions into account. In other words,
whether the financial position of a firm is improving of deteriorating over the years. The
significance of the trend analysis of ratios lies in the fact that analysts can know the
direction of firm movement, that is, whether the movement is favorable or unfavorable.
ANALYSIS OF RATIOS
Profitability ratio
The profitability ratio indicates the profitability of the company. It can be determined on the
basis of either sales or investment.
1) Gross profit ratio

The gross profit ratio measures the gross earnings of the company to its net sales. It is a
useful indication of the profitability of the business.
Gross profit ratio= Gross profit

Net sales
*100
Year
Percentage
2010
18.91
2009
13.20
2011
16.29
2012
16.25
2013
14.13
2) Net profit ratio

The net profit ratio shows the earning capacity of the company after paying taxes as
compared to its net sales. This ratio is valuable for the purpose of ascertaining the overall
profitability of business and shows the efficiency or otherwise of operating the business.
Generally the ratio is computed on basis of net profit earned from operation of business
and non-operating expenses and incomes are excluded. The higher this ratio the better
will be the profitability of the company.
Net profit= Net
profit
Net
sales
*100
6) Recommendation & Suggestions
7) Contemporary Issues in Accounting of the company
8) Any other topics you want to add

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