dr.reddy lab ltd. assignment

7/30/2019 Dr.reddy Lab Ltd. Assignment

1/18

Balance Sheet - Dr Reddy's Laboratories Ltd ( Rs in Cr.)

Particulars 2012 2010

EQUITY AND LIABILITIES

Shareholders funds

Share capital 849 848

Reserves and surplus 76985 66330

Total Shareholders Funds 77834 67178

Non current liabilities

Long term borrowings 635 130

Deferred tax liabilities, net 937 200

Other long term liabilities 28 63

Long term provisions 298 212

Total debt 1326 5605

Current liabilities

Short term borrowings 15828 10204

Trade payables 7678 7334

Long term loans and advances 13011 9844

Other current liabilities 4214 3241

Short term provisions 40731 30623

Total of current Liabilities 119891 103406

ASSETS

Non current assets

Fixed assets 23355 18967

Tangible asset 515 1

Intangible assets 4232 6176Capital work-in-progress 21826 22707

Current investment 19666 2070

Inventories 15265 13267

Trade receivables 29639 19435

Cash and bank balances 9191 8490

Short term loans and advances 8885 5298

Other current assets 1307 677

Total of current assets 66253 49237

Total 119891 103406


2/18

P & L - Dr Reddy's Laboratories Ltd ( Rs in Cr.)

Income

Gross Sales

Less:- Excise duty

Net Sales

Service incomeLicense fees

Other operating revenue

Revenue from operation

Other income

Total revenue

Expenses

Cost of material consumed

Purchase of stock-in-trade

Changes in inventories of finished goods, work-in-progress and stock-in-trade

Finance costs

Conversion charges

Excise duty

Employee benefits expense

Research and development

Other expenses

Provision for other than temporary diminution in the value of long-term investements

Total expenses

Operating Profit

Interest

Gross Profit

Depreciation

Impairment of goodwill and intangibles

Profit Before Tax

Tax

Fringe Benefit Tax

Deferred Tax

Net Profit


3/18

2012 2011

81,462 66,443

718 405

80,744 66,038

388 5301,315 110

1,893 719

84,340 67,397

1,417 818

85,757 68,215

22,773 17,386

3,931 3,076

1,006 1,048

592 505

636 534

11,381 8,661

614 636

6,509 5,813

19,444 15,124

223 1,925

68,225 55,623

17,532 12,592

933 614

16,599 11,978

3,128 3,011

688 0

12,783 8,967

4140 4275

0 0

737 807

7,906 3,885


4/18


Income

Gross Sales

Less:- Excise duty

Net Sales

Service income

License fees

Other operating revenue

Revenue from operation

Other income

Total revenue

Expenses

Cost of material consumed

Purchase of stock-in-tradeChanges in inventories of finished goods, work-in-progress and stock-in-trade

Conversion charges

Excise duty

Employee benefits expense

Finance costs

Research and development

Other expenses

Provision for other than temporary diminution in the value of long-term investements

Total expenses

Operating Profit

Interest

Gross Profit

Depreciation

Impairment of goodwill and intangibles

Profit Before Tax

Tax

Fringe Benefit Tax

Deferred Tax

Net Profit


5/18

2012 2011

81462 66443

718 405

80744 66038

388 530

1315 110

1893 719

=SUM(B5:B8) =SUM(C5:C8)

1417 818

85757 68215

22773 17386

3931 30761006 1048

592 505

636 534

11381 8661

614 636

6509 5813

19444 15124

223 1925

68225 55623

=B11-B24 =C11-C24

933 614

=B26-B27 =C26-C27

3128 3011

688 0

=B28-B29-B30 =C28-C29

4140 4275

0 0

737 807

=B31-B32-B33-B34 =C31-C32-C33-C34


6/18

Increase YOY Change %

=B3-C3 =D3/C3

=B4-C4 =D4/C4

=B5-C5 =D5/C5

=B6-C6 =D6/C6

=B7-C7 =D7/C7

=B8-C8 =D8/C8

=B9-C9 =D9/C9

=B10-C10 =D10/C10

=B11-C11 =D11/C11

=B14-C14 =D14/C14

=B15-C15 =D15/C15=B16-C16 =D16/C16

=B17-C17 =D17/C17

=B18-C18 =D18/C18

=B19-C19 =D19/C19

=B20-C20 =D20/C20

=B21-C21 =D21/C21

=B22-C22 =D22/C22

=B23-C23 =D23/C23

=B24-C24 =D24/C24

=B26-C26 =D26/C26

=B27-C27 =D27/C27

=B28-C28 =D28/C28

=B29-C29 =D29/C29

=B30-C30 =D30/C30

=B31-C31 =D31/C31

=B32-C32 =D32/C32

=B33-C33 =D33/C33

=B34-C34 =D34/C34

=B35-C35 =D35/C35


7/18


Particulars 2012

Sales Turnover 6780.2

Excise Duty 93.9

Net Sales 6686.3

Other Income 191.9

Stock Adjustments 104.8

Total Income 6599.2

EXPENDITURE :-

Raw Materials 2122.9

Power & Fuel Cost 177.5

Employee Cost 831.2

Other Manufacturing Expenses 163.1Selling & Administration Expenses 1554.4

Miscellaneous Expenses 80.3

Total Expenditure 4929.4

Operating Profit 1861.7

Interest 69.2

Gross Profit 1600.6

Depreciation 301.1

Profit Before Tax 1259.2

Tax 346.8

Net Profit 912.4


8/18

2011 2010 2009

5285.8 4469.6 4080.4

97.3 74 80.9

5188.5 4395.6 3999.5

117 254 212.2

79 117.3 64.1

5384.5 4766.9 4275.8

1749.5 1599.4 1534

14436 104.1 90

702.7 516.4 412.5

129.5 117.3 105.91256.7 1036.6 1117.9

65 50.6 45.3

4048 3424.4 3305.6

1219.5 1088.5 758

9.9 16 27.4

1326.6 1326.5 942.8

247.9 222.4 193.6

1051.5 1084.7 729.4

158.5 238.7 168.6

893.4 846.1 560.9


9/18

2008

3428.4

84.51

3343.89

197.29

93.87

3635.5

1347.33

77.12

366.28

130.35896.54

37.44

2855.06

582.7

14.69

765.3

161.99

582.54

108.88

475.22


10/18

INCOME :

Sales Turnover

Excise Duty

Net Sales

Other Income

Stock Adjustments

Total Income

EXPENDITURE :

Raw Materials

Power & Fuel Cost

Employee Cost

Other Manufacturing ExpensesSelling and Administration Expenses

Miscellaneous Expenses

Total Expenditure

Operating Profit

Interest

Gross Profit

Depreciation

Profit Before Tax

Tax

Net Profit


11/18

2012 2011 2010 2009 2008

=B5/$B$11 =C5/$C$11 =D5/$D$11 =E5/$E$11 =F5/$F$11

=B6/$B$11 =C6/$C$11 =D6/$D$11 =E6/$E$11 =F6/$F$11

=B7/$B$11 =C7/$C$11 =D7/$D$11 =E7/$E$11 =F7/$F$11

=B8/$B$11 =C8/$C$11 =D8/$D$11 =E8/$E$11 =F8/$F$11

=B9/$B$11 =C9/$C$11 =D9/$D$11 =E9/$E$11 =F9/$F$11

=B11/$B$11 =C11/$C$11 =D11/$D$11 =E11/$E$11 =F11/$F$11

=B14/$B$11 =C14/$C$11 =D14/$D$11 =E14/$E$11 =F14/$F$11

=B15/$B$11 =C15/$C$11 =D15/$D$11 =E15/$E$11 =F15/$F$11

=B16/$B$11 =C16/$C$11 =D16/$D$11 =E16/$E$11 =F16/$F$11

=B17/$B$11 =C17/$C$11 =D17/$D$11 =E17/$E$11 =F17/$F$11=B18/$B$11 =C18/$C$11 =D18/$D$11 =E18/$E$11 =F18/$F$11

=B19/$B$11 =C19/$C$11 =D19/$D$11 =E19/$E$11 =F19/$F$11

=B21/$B$11 =C21/$C$11 =D21/$D$11 =E21/$E$11 =F21/$F$11

=B23/$B$11 =C23/$C$11 =D23/$D$11 =E23/$E$11 =F23/$F$11

=B24/$B$11 =C24/$C$11 =D24/$D$11 =E24/$E$11 =F24/$F$11

=B25/$B$11 =C25/$C$11 =D25/$D$11 =E25/$E$11 =F25/$F$11

=B26/$B$11 =C26/$C$11 =D26/$D$11 =E26/$E$11 =F26/$F$11

=B27/$B$11 =C27/$C$11 =D27/$D$11 =E27/$E$11 =F27/$F$11

=B28/$B$11 =C28/$C$11 =D28/$D$11 =E28/$E$11 =F28/$F$11

=B29/$B$11 =C29/$C$11 =D29/$D$11 =E29/$E$11 =F29/$F$11


12/18

Trend Analysis

Income Statement 2008 2009 2010 2011 2012

Total Income 3635.5 4275.8 4766.9 5384.5 6599.2

Operating Expenses 2855.1 3305.6 3424.4 4048 4929.4

Net Profit 475.22 560.9 846.1 893.4 912.4

Trend Analysis 2008 2009 2010 2011 2012Total Income 100% 118% 131% 148% 182%

Operating Expenses 100% 116% 120% 142% 173%

Net Profit 100% 118% 178% 188% 192%

0%

100%

200%

300%

400%

500%

600%

2008 2009 2010


13/18

Net Profit

Operating Expenses

Total Income

2011 2012


14/18


15/18

Return on Investments

Return on Assets (ROA) Net profit/Average total assets

Return on Invested Capital (RoIC) EBIDT/Average capital invested

Return on Stockholder's Equity (ROE) PAT/Average Equity

Capital employed

Debt Ratios

Debt-to-Capital Ratio Debt/(Debt+Networth)

Debt-to-Equity Ratio Debt/Networth

Coverage Ratios

Interest Coverage Ratio EBIT/interest

Debt Service Coverage Ratio

Earning per share Net Profit/Equity


16/18

94% 93%

20% 18%

16% 14%

9% 6%

1.9 1.6

187.9 225.1

2.7 3.4

134.0 107.4

3.7 3.8

98.9 96.6

1.40 1.34

0.58 1.02

0.77 1.32

1.1 0.98

0.55 0.48

0.88 0.54

0.74 0.44

223.03 235.94


17/18

0.07 0.08

#REF! #REF!

0.11 0.06

77834 67178

0.02 0.08

0.02 0.08

3129 3012

0.10 0.06


18/18

Dupont Anaylsis

Net Profit Margin 9% 6%

Asset Turnover Ratio 1.32 1.32

Equity Multiplier 1.54 0.77

Return on Equity 19% 6%

dr.reddy lab ltd. assignment

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