2011
Sales Volume (Million Tons)
12.9
2010
14.2
974,917 877,173
820,530 742,758
34,280
29,166
21,233
25,217
6,690
5,181
17,974
17,963
9,050
14,779
Balance Sheet
Share Capital
Reserves
Shareholders' Equity
Property Plant & Equipment
Net current assets
Long Term Liabilities
2009
13.2
2008
13.0
2007
11.8
2006
9.8
2005
9.7
31,017
859
29,028
559
(3,983)
694
23,912
620
9,420
1,609
1,715
40,188
41,903
6,114
35,302
3,257
1,715
27,621
29,336
6,411
23,298
2,836
1,715
19,156
20,871
7,056
8,666
2,528
1,715
29,250
30,965
7,567
22,143
2,409
1,715
19,224
20,939
8,138
11,128
2,412
1,715
19,098
20,813
7,674
10,978
2,299
1,715
15,830
17,545
8,256
7,970
1,999
13,385 10,546
751
1,506
Profitabiltiy Ratios
Gross Profit ratio
Net Profit ratio
EBITDA margin
Return on Shareholders' Equity
Return on total assets
Return on capital employed
%
%
%
%
%
%
3.5
1.5
3.18
35.3
5.6
66.2
3.3
1.0
3.31
30.8
4.5
86.6
0.4
(0.9)
(0.55)
(32.1)
(4.4)
(21.9)
5.1
2.4
4.10
45.4
11.1
68.1
3.00
1.14
2.29
22.4
6.30
35.4
4.88
2.13
3.81
36.2
10.72
54.1
5.42
2.23
4.21
32.2
10.80
48.9
Asset utilisation
Inventory turnover ratio
Debtor turnover ratio
Creditor turnover ratio
Total asset turnover ratio
Fixed asset turnover ratio
x
x
x
x
x
12.7
8.0
5.7
4.19
155.7
14.4
8.9
6.1
4.93
130.3
11.8
12.6
6.3
5.13
98.4
10.1
24.6
9.6
5.78
74.3
11.7
32.5
10.8
5.70
52.0
11.5
38.1
12.5
5.76
44.3
11.2
39.9
13.5
5.37
31.7
Rs.
Rs.
Rs.
Rs.
Rs.
x
Rs.
%
%
x
86.17
264.58
313.80
236.68
244
3.1
10.0
11.60
3.78
8.59
52.76
260.20
342.95
218.33
171
4.9
8.0
15.16
3.07
6.58
(39.05)
213.65
428.79
96.00
121
(5.5)
5.0
2.34
-
81.9
417.2
539.7
317.5
180
5.1
23.5
28.68
5.63
3.48
27.3
391.5
418.3
280.5
121.7
14.3
21.0
76.8
5.36
1.30
43.9
309.0
452.3
264.6
121.0
7.0
34.0
77.5
11.00
1.29
33.0
386.0
490.1
239.0
102.0
11.6
26.0
78.8
6.74
1.26
2.5
1.16
0.72
2.8
1.14
0.79
1.07
0.75
16.4
1.24
0.57
6.86
1.22
0.64
12.74
1.24
0.63
25.21
1.24
0.62
4,958
88
(1,944)
(8,409)
(4,829)
4,116
(3)
(173)
512 (9,716)
(11,510) (7,191)
3,716
(708)
(1,590)
(1,418)
1,703
(174)
4,036
2,836
5,308
(1,220)
(3,087)
(192)
Investment
Earning per share
Market value per share (Year End)
Highest Price
Lowest Price
Break-up value
Price earning ratio (P/E)
Dividend per share
Dividend payout
Dividend yield
Dividend cover ratio
Leverage
Interest Cover ratio
Current Ratio
Quick Ratio
84
x
x
Balance Sheet
2011
2010
2009
2008
2007
2006
2005
2.33%
0.88%
0.12%
0.06%
0.36%
3.75%
3.17%
1.00%
0.16%
0.06%
0.00%
4.39%
4.60%
1.40%
0.26%
0.05%
3.28%
9.60%
5.95%
2.13%
0.38%
0.06%
0.32%
8.84%
10.89%
4.00%
0.84%
0.09%
0.54%
16.36%
10.94%
4.67%
0.99%
0.11%
0.58%
17.29%
15.78%
4.43%
1.47%
0.20%
0.24%
22.13%
0.06%
28.97%
58.10%
0.20%
0.18%
7.20%
0.02%
0.88%
0.07%
26.53%
52.48%
0.09%
49.06%
26.67%
0.17%
39.55%
18.20%
0.18%
40.14%
16.70%
0.25%
39.35%
12.98%
0.04%
36.31%
47.48%
0.16%
0.39%
8.57%
2.40%
0.88%
0.27%
0.36%
8.35%
0.46%
1.88%
0.31%
0.32%
12.34%
0.00%
2.37%
0.49%
2.12%
21.08%
0.00%
2.04%
0.39%
1.84%
20.75%
0.00%
2.71%
0.41%
1.39%
19.80%
0.00%
3.67%
96.25%
95.61%
90.40%
91.16%
83.64%
82.71%
77.87%
VERTICAL ANALYSIS
Property, plant and equipment
Long term investments
Long term loans, advances and receivables
Long term deposits and prepayments
Deferred tax
Total Non-Current Assets
Current Assets
Stores, spares and loose tools
Stock-in-trade
Trade debts
100.00% 1 00.00%
HORIZONTAL ANALYSIS
Property, plant and equipment
Total Non-Current Assets
Stock-in-trade
Trade debts
Other receivables
Cash and bank balances
Total Current Assets
Total Assets
Share Capital
Reserves
Total Shareholders Equity
Total Long term Liabilities
Trade and other payables
0.65%
15.30%
15.95%
0.85%
13.66%
14.51%
1.12%
12.49%
13.60%
0.39%
0.85%
1.24%
0.47%
0.93%
1.40%
0.56%
1.09%
1.65%
0.66%
1.24%
1.90%
1.03%
2.20%
3.23%
1.06%
2.22%
3.28%
1.29%
2.53%
3.82%
73.04%
0.26%
0.16%
9.34%
0.00%
77.15%
0.34%
0.16%
6.44%
0.00%
71.78%
0.45%
0.36%
12.16%
0.00%
63.78%
0.57%
0.17%
8.65%
0.57%
55.44%
0.92%
0.18%
12.13%
0.09%
52.47%
1.11%
0.17%
10.90%
2.42%
49.30%
1.44%
0.12%
9.20%
2.57%
82.81% 84.09%
100.00% 1 00.00%
1.35%
23.01%
24.36%
2.29%
25.72%
28.02%
2.44%
27.22%
29.66%
3.28%
30.26%
33.54%
84.75%
73.74%
68.76%
67.06%
62.64%
100.00% 100.00% 100.00% 100.00% 100.00%
2011
2010
2009
2008
2007
2006
2005
74%
85%
463%
1837%
217%
120%
621%
502%
100%
254%
239%
163%
744%
78%
77%
285%
1730%
141%
93%
475%
387%
100%
174%
167%
142%
605%
85%
127%
198%
1186%
124%
150%
340%
293%
100%
121%
119%
126%
427%
92%
97%
303%
499%
151%
157%
284%
243%
100%
185%
176%
121%
314%
99%
106%
144%
200%
152%
79%
153%
143%
100%
121%
119%
121%
161%
93%
105%
137%
173%
141%
99%
142%
134%
100%
121%
119%
115%
143%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
91
Balance Sheet
2011
2010
2009
2008
2007
2006
2005
2.33%
0.88%
0.12%
0.06%
0.36%
3.75%
3.17%
1.00%
0.16%
0.06%
0.00%
4.39%
4.60%
1.40%
0.26%
0.05%
3.28%
9.60%
5.95%
2.13%
0.38%
0.06%
0.32%
8.84%
10.89%
4.00%
0.84%
0.09%
0.54%
16.36%
10.94%
4.67%
0.99%
0.11%
0.58%
17.29%
15.78%
4.43%
1.47%
0.20%
0.24%
22.13%
0.06%
28.97%
58.10%
0.20%
0.18%
7.20%
0.02%
0.88%
0.07%
26.53%
52.48%
0.09%
49.06%
26.67%
0.17%
39.55%
18.20%
0.18%
40.14%
16.70%
0.25%
39.35%
12.98%
0.04%
36.31%
47.48%
0.16%
0.39%
8.57%
2.40%
0.88%
0.27%
0.36%
8.35%
0.46%
1.88%
0.31%
0.32%
12.34%
0.00%
2.37%
0.49%
2.12%
21.08%
0.00%
2.04%
0.39%
1.84%
20.75%
0.00%
2.71%
0.41%
1.39%
19.80%
0.00%
3.67%
96.25%
95.61%
90.40%
91.16%
83.64%
82.71%
77.87%
VERTICAL ANALYSIS
Property, plant and equipment
Long term investments
Long term loans, advances and receivables
Long term deposits and prepayments
Deferred tax
Total Non-Current Assets
Current Assets
Stores, spares and loose tools
Stock-in-trade
Trade debts
100.00% 1 00.00%
HORIZONTAL ANALYSIS
Property, plant and equipment
Total Non-Current Assets
Stock-in-trade
Trade debts
Other receivables
Cash and bank balances
Total Current Assets
Total Assets
Share Capital
Reserves
Total Shareholders Equity
Total Long term Liabilities
Trade and other payables
0.65%
15.30%
15.95%
0.85%
13.66%
14.51%
1.12%
12.49%
13.60%
0.39%
0.85%
1.24%
0.47%
0.93%
1.40%
0.56%
1.09%
1.65%
0.66%
1.24%
1.90%
1.03%
2.20%
3.23%
1.06%
2.22%
3.28%
1.29%
2.53%
3.82%
73.04%
0.26%
0.16%
9.34%
0.00%
77.15%
0.34%
0.16%
6.44%
0.00%
71.78%
0.45%
0.36%
12.16%
0.00%
63.78%
0.57%
0.17%
8.65%
0.57%
55.44%
0.92%
0.18%
12.13%
0.09%
52.47%
1.11%
0.17%
10.90%
2.42%
49.30%
1.44%
0.12%
9.20%
2.57%
82.81% 84.09%
100.00% 1 00.00%
1.35%
23.01%
24.36%
2.29%
25.72%
28.02%
2.44%
27.22%
29.66%
3.28%
30.26%
33.54%
84.75%
73.74%
68.76%
67.06%
62.64%
100.00% 100.00% 100.00% 100.00% 100.00%
2011
2010
2009
2008
2007
2006
2005
74%
85%
463%
1837%
217%
120%
621%
502%
100%
254%
239%
163%
744%
78%
77%
285%
1730%
141%
93%
475%
387%
100%
174%
167%
142%
605%
85%
127%
198%
1186%
124%
150%
340%
293%
100%
121%
119%
126%
427%
92%
97%
303%
499%
151%
157%
284%
243%
100%
185%
176%
121%
314%
99%
106%
144%
200%
152%
79%
153%
143%
100%
121%
119%
121%
161%
93%
105%
137%
173%
141%
99%
142%
134%
100%
121%
119%
115%
143%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
91
LIQUIDITY RATIOS
1-CURRENT RATIO :
Current ratio measures the firms
ability to meet its short-term obligations. It is expressed
as follows
Current Ratio= current Assets / current liabilities
2010
Current Ratio=