key financial ratios

1.Key Financial Ratios of Tata Consultancy Services

Mar '14 Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation Ratios

Face Value 1.00 1.00 1.00 1.00

Dividend Per Share 32.00 22.00 25.00 14.00

Operating Profit Per Share (Rs) 109.94 73.09 58.17 44.78

Net Operating Profit Per Share (Rs) 330.18 247.42 198.54 149.58 117.74

Free Reserves Per Share (Rs) -- -- -- --

Bonus in Equity Capital 79.59 79.65 79.65 79.65

Profitability Ratios

Operating Profit Margin(%) 33.29 29.54 29.30 29.93

Profit Before Interest And Tax Margin(%) 30.17 26.65 25.75 27.63

Gross Profit Margin(%) 31.62 27.88 27.52 28.09

Cash Profit Margin(%) 28.84 26.82 28.07 27.23

Adjusted Cash Margin(%) 28.84 26.82 28.07 27.23

Net Profit Margin(%) 27.25 25.24 26.42 25.42

Adjusted Net Profit Margin(%) 27.25 25.24 26.42 25.42

Return On Capital Employed(%) 53.39 48.07 53.63 44.45

Return On Net Worth(%) 41.87 39.32 44.24 38.80

Adjusted Return on Net Worth(%) 41.87 39.32 44.24 38.80

Return on Assets Excluding Revaluations 224.90 165.86 126.49 99.53

Return on Assets Including Revaluations 224.90 165.86 126.49 99.53

Return on Long Term Funds(%) 53.39 48.19 53.63 44.45

Liquidity And Solvency Ratios

Current Ratio 3.18 2.85 2.48 2.45

Quick Ratio 3.16 2.88 2.47 2.44

Debt Equity Ratio -- 0.01 0.01 0.01

Long Term Debt Equity Ratio -- 0.01 0.01 0.01

Debt Coverage Ratios

Interest Cover 1,006.74 513.84 816.02 435.80 674.43

Total Debt to Owners Fund 0.00 0.01 0.01 0.01

Financial Charges Coverage Ratio 1,052.90 540.06 857.98 462.68 723.63

Financial Charges Coverage Ratio Post Tax 836.35 444.80 712.23 406.19 639.14

Management Efficiency Ratios

Inventory Turnover Ratio 7,546.43 7,638.19 9,386.12 5,451.66 3,398.94

Debtors Turnover Ratio 5.04 4.77 5.59 7.19

Investments Turnover Ratio 7,546.43 7,638.19 9,386.12 5,451.66 3,398.94

Fixed Assets Turnover Ratio 5.79 5.32 5.39 4.91

Total Assets Turnover Ratio 1.47 1.48 1.56 1.50

Asset Turnover Ratio 1.68 1.68 1.74 1.68

Average Raw Material Holding -- -- -- --

Average Finished Goods Held -- -- -- --

Number of Days In Working Capital 137.53 110.67 86.25 72.38

Profit & Loss Account Ratios

Material Cost Composition -- 0.05 0.03 0.06

Imported Composition of Raw Materials Consumed

78.95 74.42 78.43 80.35

Selling Distribution Cost Composition -- -- -- --

1. Expenses as Composition of Total Sales

96.27 94.87 98.04 91.08

Cash Flow Indicator Ratios

Dividend Payout Ratio Net Profit 33.97 33.72 44.66 36.24

Dividend Payout Ratio Cash Profit 32.09 31.73 42.02 33.84

Earning Retention Ratio 66.03 66.28 55.34 63.76

Cash Earning Retention Ratio 67.91 68.27 57.98 66.16

AdjustedCash Flow Times 0.00 0.01 0.01 0.00


Earnings Per Share 94.17 65.23 55.97 38.62

Book Value 224.90 165.86 126.49 99.53

2. Key Financial Ratios of Oil and Natural Gas Corporation


Investment Valuation RatiosFace Value 5.00 5.00 5.00 5.00Dividend Per Share 9.50 9.50 9.75 8.75Operating Profit Per Share (Rs) 51.70 50.97 53.68 46.98 176.27Net Operating Profit Per Share (Rs) 98.05 97.02 89.43 79.88 281.70Free Reserves Per Share (Rs) -- -- -- -- 392.88Bonus in Equity Capital 91.83 91.83 91.83 91.83Profitability RatiosOperating Profit Margin(%) 52.72 52.53 60.01 58.81Profit Before Interest And Tax Margin(%) 36.75 39.83 47.45 45.32Gross Profit Margin(%) 39.70 42.44 50.22 47.58Cash Profit Margin(%) 44.81 44.54 47.94 48.62Adjusted Cash Margin(%) 44.81 44.54 47.94 48.62Net Profit Margin(%) 24.38 23.66 31.02 26.37

Adjusted Net Profit Margin(%) 24.38 23.66 31.02 26.37Return On Capital Employed(%) 23.53 24.60 28.56 28.38Return On Net Worth(%) 16.16 16.81 22.24 19.40Adjusted Return on Net Worth(%) 15.97 16.85 19.46 19.44Return on Assets Excluding Revaluations 159.81 145.47 132.03 113.97 404.14Return on Assets Including Revaluations 159.81 145.47 132.03 113.97 404.14Return on Long Term Funds(%) 23.53 24.60 29.69 28.38Liquidity And Solvency RatiosCurrent Ratio 0.97 2.37 1.13 1.17Quick Ratio 0.87 2.26 1.22 1.08Debt Equity Ratio -- -- 0.04 --Long Term Debt Equity Ratio -- -- -- --Debt Coverage RatiosInterest Cover 90,145.95 1,108.16 963.15 1,102.29 2,483.76Total Debt to Owners Fund -- -- 0.04 --Financial Charges Coverage Ratio 142,699.36 1,774.56 1,446.33 1,736.60Financial Charges Coverage Ratio Post Tax114,444.62 1,424.59 1,205.49 1,389.05Management Efficiency RatiosInventory Turnover Ratio 14.26 14.55 14.81 16.59Debtors Turnover Ratio 11.16 12.71 15.02 19.38Investments Turnover Ratio 14.26 14.55 14.81 16.59Fixed Assets Turnover Ratio 0.34 0.86 0.85 0.85Total Assets Turnover Ratio 0.61 0.67 0.65 0.70Asset Turnover Ratio 0.64 0.69 0.71 0.68Average Raw Material Holding -- -- -- --Average Finished Goods Held -- -- -- --Number of Days In Working Capital 6.10 47.82 80.99 46.43 151.48Profit & Loss Account RatiosMaterial Cost Composition 0.79 0.73 0.85 0.92Imported Composition of Raw Materials Consumed

21.00 28.16 27.05 23.34

Selling Distribution Cost Composition -- -- -- --Expenses as Composition of Total Sales 8.92 9.00 8.25 6.89Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 36.78 38.84 33.20 39.55Dividend Payout Ratio Cash Profit 19.89 20.65 19.88 21.48Earning Retention Ratio 62.80 61.26 62.07 60.52Cash Earning Retention Ratio 79.99 79.37 78.52 78.54AdjustedCash Flow Times -- -- 0.12 --


Earnings Per Share 25.83 24.46 29.36 22.12Book Value 159.81 145.47 132.03 113.97 408.08

3.Key Financial Ratios of ITC


Investment Valuation RatiosFace Value 1.00 1.00 1.00 1.00Dividend Per Share 6.00 5.25 4.50 4.45Operating Profit Per Share (Rs) 15.66 13.45 11.41 9.30Net Operating Profit Per Share (Rs) 41.79 37.84 32.09 27.29Free Reserves Per Share (Rs) -- -- 22.50 19.07Bonus in Equity Capital 89.33 89.91 90.87 91.81Profitability RatiosOperating Profit Margin(%) 37.47 35.54 35.55 34.08Profit Before Interest And Tax Margin(%) 33.64 31.88 31.99 30.05Gross Profit Margin(%) 34.76 32.88 32.77 30.97Cash Profit Margin(%) 28.19 26.63 26.10 25.17Adjusted Cash Margin(%) 28.19 26.63 26.10 25.17Net Profit Margin(%) 25.57 24.05 23.97 22.91Adjusted Net Profit Margin(%) 25.57 24.05 23.97 22.91Return On Capital Employed(%) 48.12 48.18 46.95 44.94Return On Net Worth(%) 33.45 33.28 32.88 31.36Adjusted Return on Net Worth(%) 33.45 33.28 32.07 30.34Return on Assets Excluding Revaluations 33.02 28.21 23.97 20.55Return on Assets Including Revaluations 33.02 28.21 24.04 20.62Return on Long Term Funds(%) 48.12 48.18 46.95 44.95Liquidity And Solvency RatiosCurrent Ratio 1.25 1.22 1.08 1.08Quick Ratio 0.68 0.66 0.51 0.50Debt Equity Ratio -- -- -- 0.01Long Term Debt Equity Ratio -- -- -- 0.01Debt Coverage RatiosInterest Cover 4,292.22 124.56 131.91 123.30Total Debt to Owners Fund 0.00 0.00 0.00 0.01Financial Charges Coverage Ratio 4,597.28 133.76 109.56 100.46Financial Charges Coverage Ratio Post Tax 3,284.09 95.99 79.84 73.25Management Efficiency RatiosInventory Turnover Ratio 4.52 4.53 6.53 6.05Debtors Turnover Ratio 19.97 27.82 26.50 23.91Investments Turnover Ratio 4.52 4.53 6.53 6.05Fixed Assets Turnover Ratio 1.83 1.80 1.81 1.69Total Assets Turnover Ratio 1.27 1.34 1.34 1.34Asset Turnover Ratio 1.37 1.45 1.44 1.40Average Raw Material Holding -- -- 168.12 184.53 193.81Average Finished Goods Held -- -- 40.51 40.67Number of Days In Working Capital 37.96 38.54 25.40 28.00 -13.69Profit & Loss Account RatiosMaterial Cost Composition 40.68 41.90 39.59 40.72


12.17 11.99 13.03 13.34

Selling Distribution Cost Composition -- -- 6.67 6.80Expenses as Composition of Total Sales 12.90 12.73 10.44 13.32Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 54.31 55.92 57.09 69.04Dividend Payout Ratio Cash Profit 49.27 50.50 51.28 61.01Earning Retention Ratio 45.69 44.08 41.48 28.64Cash Earning Retention Ratio 50.73 49.50 47.57 37.18AdjustedCash Flow Times 0.01 0.01 0.01 0.02


Earnings Per Share 11.05 9.39 7.88 6.45Book Value 33.02 28.21 23.97 20.55

4.Key Financial Ratios of Reliance Industries


Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share 9.50 9.00 8.50 8.00Operating Profit Per Share (Rs) 95.54 95.36 103.43 115.58Net Operating Profit Per Share (Rs) 1,207.08 1,115.93 1,008.64 758.04 587.37Free Reserves Per Share (Rs) -- -- 483.90 431.95 378.21Bonus in Equity Capital 65.24 65.30 64.46 64.41Profitability RatiosOperating Profit Margin(%) 7.91 8.54 10.25 15.24Profit Before Interest And Tax Margin(%) 5.53 5.78 6.70 9.65Gross Profit Margin(%) 5.66 5.91 6.80 9.76Cash Profit Margin(%) 7.71 8.27 8.97 13.24Adjusted Cash Margin(%) 7.71 8.27 8.97 13.24Net Profit Margin(%) 5.50 5.70 5.99 8.08Adjusted Net Profit Margin(%) 5.50 5.70 5.99 8.08Return On Capital Employed(%) 10.97 12.50 12.18 12.60Return On Net Worth(%) 11.15 11.66 12.29 13.88Adjusted Return on Net Worth(%) 11.15 11.66 11.42 13.42Return on Assets Excluding Revaluations 609.78 557.49 498.21 446.25 392.51Return on Assets Including Revaluations 609.78 557.49 507.77 462.95 419.43Return on Long Term Funds(%) 11.94 13.14 12.78 13.37Liquidity And Solvency Ratios

Current Ratio 1.11 1.43 1.44 1.16Quick Ratio 1.03 1.12 1.17 0.94Debt Equity Ratio 0.43 0.30 0.36 0.46Long Term Debt Equity Ratio 0.32 0.24 0.30 0.38Debt Coverage RatiosInterest Cover 9.68 9.66 10.12 11.66Total Debt to Owners Fund 0.43 0.30 0.36 0.46Financial Charges Coverage Ratio 12.42 12.78 14.39 17.40Financial Charges Coverage Ratio Post Tax 10.60 11.04 12.78 15.56Management Efficiency RatiosInventory Turnover Ratio 9.09 8.43 10.42 9.59Debtors Turnover Ratio 34.61 23.78 18.40 17.05Investments Turnover Ratio 9.09 8.43 10.42 9.59Fixed Assets Turnover Ratio 2.35 2.24 2.05 1.58Total Assets Turnover Ratio 1.54 1.73 1.91 1.66Asset Turnover Ratio 1.51 1.57 1.49 1.19Average Raw Material Holding -- -- 25.35 27.16Average Finished Goods Held -- -- 9.45 12.21Number of Days In Working Capital 53.44 65.70 52.43 37.37Profit & Loss Account RatiosMaterial Cost Composition 85.68 86.15 84.78 79.82Imported Composition of Raw Materials Consumed

89.68 90.75 91.54 91.71




5.Key Financial Ratios of HDFC Bank

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 2.00 2.00 2.00 10.00

Dividend Per Share 6.85 5.50 4.30 16.50Operating Profit Per Share (Rs) 29.65 21.97 18.11 83.56 106.25Net Operating Profit Per Share (Rs) 171.47 147.37 116.28 428.36 436.03Free Reserves Per Share (Rs) -- -- -- -- 363.55Bonus in Equity Capital -- -- -- --Profitability RatiosInterest Spread 8.01 8.78 8.42 8.25Adjusted Cash Margin(%) 18.65 17.60 17.55 18.23Net Profit Margin 17.28 16.04 15.88 16.18Return on Long Term Fund(%) 81.47 80.09 75.20 59.91Return on Net Worth(%) 19.50 18.57 17.26 15.47Adjusted Return on Net Worth(%) 19.50 18.57 17.26 15.47Return on Assets Excluding Revaluations 181.23 152.20 127.52 545.46 470.19Return on Assets Including Revaluations 181.23 152.20 127.52 545.46 470.19Management Efficiency RatiosInterest Income / Total Funds 9.22 9.50 8.87 7.97Net Interest Income / Total Funds 4.14 4.28 4.00 4.22Non Interest Income / Total Funds 1.78 1.86 1.70 1.73Interest Expended / Total Funds 5.08 5.22 4.87 3.76Operating Expense / Total Funds 2.55 2.87 2.62 2.66Profit Before Provisions / Total Funds 3.22 3.10 2.91 3.09Net Profit / Total Funds 1.90 1.82 1.68 1.57Loans Turnover 0.27 0.36 0.15 0.14Total Income / Capital Employed(%) 11.00 11.36 10.57 9.71Interest Expended / Capital Employed(%) 5.08 5.22 4.87 3.76Total Assets Turnover Ratios 0.09 0.10 0.09 0.08Asset Turnover Ratio 0.10 0.11 0.10 0.09Profit And Loss Account RatiosInterest Expended / Interest Earned 55.07 54.91 54.93 47.09Other Income / Total Income 16.14 16.35 16.12 17.87Operating Expense / Total Income 23.18 25.25 24.74 27.43Selling Distribution Cost Composition -- -- -- --Balance Sheet RatiosCapital Adequacy Ratio 16.07 16.80 16.52 16.22Advances / Loans Funds(%) 82.33 -- 79.19 79.34Debt Coverage RatiosCredit Deposit Ratio 45.66 -- 78.06 76.02Investment Deposit Ratio 35.05 38.51 36.99 34.45Cash Deposit Ratio 6.02 5.46 8.81 10.79Total Debt to Owners Fund 8.45 8.18 8.24 8.22Financial Charges Coverage Ratio 0.66 0.63 0.63 0.88Financial Charges Coverage Ratio Post Tax 1.40 1.38 1.38 1.47Leverage RatiosCurrent Ratio 0.06 0.06 0.08 0.06Quick Ratio 8.55 7.84 6.20 6.89Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 19.38 19.46 19.52 19.55Dividend Payout Ratio Cash Profit 17.96 17.74 17.67 17.35Earning Retention Ratio 80.62 80.54 80.48 80.45Cash Earning Retention Ratio 82.04 82.26 82.33 82.65


Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


6.Key Financial Ratios of Infosys

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation Ratios

Face Value 5.00 5.00 5.00 5.00

Dividend Per Share 63.00 42.00 47.00 60.00

Operating Profit Per Share (Rs) 219.23 191.82 175.21 146.55 128.30

Net Operating Profit Per Share (Rs) 776.00 640.24 544.28 442.13 368.40

Free Reserves Per Share (Rs) -- -- -- -- 378.08

Bonus in Equity Capital 93.58 93.26 93.26 93.26

Profitability Ratios

Operating Profit Margin(%) -- -- -- --

Profit Before Interest And Tax Margin(%) -- -- -- --

Gross Profit Margin(%) -- -- -- --

Cash Profit Margin(%) -- -- -- --

Adjusted Cash Margin(%) 24.07 25.62 26.53 27.07

Net Profit Margin(%) 21.72 23.38 25.60 24.28

Adjusted Net Profit Margin(%) -- -- -- --

Return On Capital Employed(%) -- -- -- --

Return On Net Worth(%) -- -- -- --

Adjusted Return on Net Worth(%) 24.21 25.05 26.83 26.29

Return on Assets Excluding Revaluations 736.64 627.95 518.21 426.73 384.02

Return on Assets Including Revaluations 736.64 627.95 518.21 426.73 384.02

Return on Long Term Funds(%) 33.26 34.03 37.28 36.00

Liquidity And Solvency Ratios

Current Ratio 3.70 4.75 4.91 5.34

Quick Ratio 3.65 4.69 4.88 5.28

Debt Equity Ratio -- -- -- --

Long Term Debt Equity Ratio -- -- -- --

Debt Coverage Ratios

Interest Cover -- -- -- --

Total Debt to Owners Fund -- -- -- --

Financial Charges Coverage Ratio -- -- -- -- 4,116.50

Financial Charges Coverage Ratio Post Tax -- -- -- -- 3,306.00

Management Efficiency Ratios

Inventory Turnover Ratio -- -- -- --

Debtors Turnover Ratio 6.47 6.25 6.50 6.81

Investments Turnover Ratio -- -- -- --

Fixed Assets Turnover Ratio -- -- -- --

Total Assets Turnover Ratio -- -- -- --

Asset Turnover Ratio 1.13 1.12 1.15 1.09

Average Raw Material Holding -- -- -- --

Average Finished Goods Held -- -- -- --

Number of Days In Working Capital 231.26 255.87 256.89 246.45 224.99

Profit & Loss Account Ratios

Material Cost Composition -- -- -- --


-- -- -- --

Selling Distribution Cost Composition -- -- -- --

Expenses as Composition of Total Sales 97.32 98.21 99.78 94.38

Cash Flow Indicator Ratios

Dividend Payout Ratio Net Profit 35.49 26.45 31.86 53.46

Dividend Payout Ratio Cash Profit 32.03 23.94 29.13 47.96

Earning Retention Ratio 64.51 73.30 66.21 46.54

Cash Earning Retention Ratio 67.97 75.86 69.26 52.04

AdjustedCash Flow Times -- -- -- --

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Earnings Per Share 178.40 158.75 147.50 112.22 101.13

Book Value 736.64 627.95 518.21 426.73 384.02

7.Key Financial Ratios of Coal India


Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share 29.00 14.00 10.00 3.90Operating Profit Per Share (Rs) -0.64 -0.58 -0.18 -0.22Net Operating Profit Per Share (Rs) 0.50 0.56 0.66 0.65Free Reserves Per Share (Rs) -- -- -- --Bonus in Equity Capital -- -- -- --Profitability RatiosOperating Profit Margin(%) -128.69 -104.86 -28.02 -33.99 -10.08Profit Before Interest And Tax Margin(%) -2.50 -3.27 -1.29 -2.65Gross Profit Margin(%) -130.73 -106.26 -29.69 -35.48 -12.08Cash Profit Margin(%) 91.53 85.65 84.80 85.77Adjusted Cash Margin(%) 91.53 85.65 84.80 85.77

Net Profit Margin(%) 91.49 85.61 84.73 85.66Adjusted Net Profit Margin(%) 91.49 85.61 84.73 85.66Return On Capital Employed(%) 95.34 49.99 43.29 25.92Return On Net Worth(%) 91.26 47.73 41.22 26.35Adjusted Return on Net Worth(%) 91.26 47.73 41.22 26.35Return on Assets Excluding Revaluations 26.04 32.48 30.97 28.21Return on Assets Including Revaluations 26.04 32.48 30.97 28.21Return on Long Term Funds(%) 95.34 49.99 43.29 25.92Liquidity And Solvency RatiosCurrent Ratio 1.76 1.97 2.41 2.44Quick Ratio 1.75 1.97 2.40 2.44Debt Equity Ratio -- 0.04 0.06 0.07Long Term Debt Equity Ratio -- 0.04 0.06 0.07Debt Coverage RatiosInterest Cover 60.64 28.52 23.71 24.19Total Debt to Owners Fund -- 0.04 0.06 0.07Financial Charges Coverage Ratio 60.67 28.53 23.72 24.22Financial Charges Coverage Ratio Post Tax 59.08 27.09 22.31 24.09Management Efficiency RatiosInventory Turnover Ratio 7.88 22.49 22.47 11.47Debtors Turnover Ratio 37.88 472.82 41,586.00 4,094,600.00 43,934.94Investments Turnover Ratio 7.88 22.49 22.47 11.47Fixed Assets Turnover Ratio 0.87 0.99 1.17 1.18Total Assets Turnover Ratio 0.02 0.02 0.02 0.02Asset Turnover Ratio 0.02 0.02 0.02 0.02Average Raw Material Holding -- -- -- --Average Finished Goods Held -- -- -- --Number of Days In Working Capital 6,921.17 11,810.45 11,813.63 11,013.40 9,718.02Profit & Loss Account RatiosMaterial Cost Composition 3.93 3.29 2.32 2.44Imported Composition of Raw Materials Consumed

-- -- -- --

Selling Distribution Cost Composition -- -- -- --Expenses as Composition of Total Sales -- -- 0.02 1.89Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 122.04 90.28 78.31 52.45Dividend Payout Ratio Cash Profit 121.99 90.24 78.24 52.38Earning Retention Ratio -22.04 9.72 21.68 47.55Cash Earning Retention Ratio -21.99 9.76 21.75 47.62AdjustedCash Flow Times -- 0.09 0.15 0.25



8.Key Financial Ratios of State Bank of India


Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share 30.00 41.50 35.00 30.00Operating Profit Per Share (Rs) 199.45 236.63 271.65 165.38 229.63Net Operating Profit Per Share (Rs) 1,826.36 1,749.29 1,587.40 1,281.80 1,353.15Free Reserves Per Share (Rs) -- -- -- -- 412.36Bonus in Equity Capital -- -- -- --Profitability RatiosInterest Spread 5.76 5.95 6.87 6.12Adjusted Cash Margin(%) 7.89 11.23 10.51 9.51Net Profit Margin 7.03 10.39 9.68 7.58Return on Long Term Fund(%) 87.28 96.35 97.36 98.20Return on Net Worth(%) 9.20 14.26 13.94 11.34Adjusted Return on Net Worth(%) 9.20 14.26 13.94 12.71Return on Assets Excluding Revaluations 1,584.34 1,445.60 1,251.05 1,023.40 1,038.76Return on Assets Including Revaluations 1,584.34 1,445.60 1,251.05 1,023.40 1,038.76Management Efficiency RatiosInterest Income / Total Funds 8.12 8.25 8.32 7.15Net Interest Income / Total Funds 2.93 3.06 3.38 2.86Non Interest Income / Total Funds 1.10 1.11 1.12 1.39Interest Expended / Total Funds 5.19 5.19 4.94 4.29Operating Expense / Total Funds 2.05 1.94 1.96 1.93Profit Before Provisions / Total Funds 1.91 2.14 2.47 2.23Net Profit / Total Funds 0.65 0.97 0.91 0.65Loans Turnover 0.12 0.13 0.13 0.12Total Income / Capital Employed(%) 9.22 9.35 9.45 8.54Interest Expended / Capital Employed(%) 5.19 5.19 4.94 4.29Total Assets Turnover Ratios 0.08 0.08 0.08 0.07Asset Turnover Ratio 0.09 0.09 0.09 0.08Profit And Loss Account RatiosInterest Expended / Interest Earned 63.86 62.95 59.36 60.04Other Income / Total Income 11.98 11.82 11.87 16.28Operating Expense / Total Income 22.20 20.74 20.73 22.66Selling Distribution Cost Composition -- -- -- --Balance Sheet RatiosCapital Adequacy Ratio 12.96 12.92 13.86 11.98Advances / Loans Funds(%) 82.04 82.25 78.01 77.19Debt Coverage RatiosCredit Deposit Ratio 86.84 85.17 82.14 79.90Investment Deposit Ratio 28.85 29.52 30.73 33.45Cash Deposit Ratio 5.81 5.34 7.51 8.96Total Debt to Owners Fund 11.79 12.16 12.43 14.37Financial Charges Coverage Ratio 0.38 0.43 0.52 0.54

Financial Charges Coverage Ratio Post Tax 1.14 1.20 1.20 1.17Leverage RatiosCurrent Ratio 0.03 0.04 0.05 0.04Quick Ratio 13.88 12.15 12.05 8.50Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 20.56 20.12 20.06 25.84Dividend Payout Ratio Cash Profit 18.32 18.62 18.47 22.78Earning Retention Ratio 79.44 79.88 79.94 76.95Cash Earning Retention Ratio 81.68 81.38 81.53 79.42AdjustedCash Flow Times 114.06 78.90 82.08 100.91


Earnings Per Share 145.88 206.20 174.46 116.07 144.37Book Value 1,584.34 1,445.60 1,251.05 1,023.40 1,038.76

9.Key Financial Ratios of ICICI Bank

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share 23.00 20.00 16.50 14.00Operating Profit Per Share (Rs) 58.39 46.32 25.38 25.03Net Operating Profit Per Share (Rs) 382.55 347.40 290.99 225.51 293.74Free Reserves Per Share (Rs) -- -- -- -- 356.94Bonus in Equity Capital -- -- -- --Profitability RatiosInterest Spread 7.35 7.82 7.45 6.95Adjusted Cash Margin(%) 19.02 18.20 15.85 17.27Net Profit Margin 17.96 17.19 15.75 15.79Return on Long Term Fund(%) 56.48 56.37 52.33 43.05Return on Net Worth(%) 13.40 12.48 10.70 9.35Adjusted Return on Net Worth(%) 13.40 12.48 10.70 9.35Return on Assets Excluding Revaluations 633.92 578.21 524.01 478.31 463.01Return on Assets Including Revaluations 633.92 578.21 524.01 478.31 463.01Management Efficiency RatiosInterest Income / Total Funds 7.81 7.81 7.49 6.75Net Interest Income / Total Funds 2.91 2.70 2.40 2.34Non Interest Income / Total Funds 1.84 1.63 1.68 1.73Interest Expended / Total Funds 4.90 5.11 5.10 4.41Operating Expense / Total Funds 1.72 1.66 1.74 1.59Profit Before Provisions / Total Funds 2.93 2.57 2.32 2.35

Net Profit / Total Funds 1.73 1.62 1.44 1.34Loans Turnover 0.26 0.34 0.14 0.13Total Income / Capital Employed(%) 9.65 9.44 9.17 8.48Interest Expended / Capital Employed(%) 4.90 5.11 5.10 4.41Total Assets Turnover Ratios 0.08 0.08 0.07 0.07Asset Turnover Ratio 0.08 0.08 0.08 0.07Profit And Loss Account RatiosInterest Expended / Interest Earned 62.71 65.40 68.00 65.29Other Income / Total Income 19.10 17.24 18.28 20.38Operating Expense / Total Income 17.82 17.60 19.02 18.80Selling Distribution Cost Composition -- -- -- --Balance Sheet RatiosCapital Adequacy Ratio 17.70 18.74 18.52 19.54Advances / Loans Funds(%) 73.26 -- 69.44 68.53Debt Coverage RatiosCredit Deposit Ratio 54.23 -- 97.71 90.45Investment Deposit Ratio 55.79 60.38 61.16 59.77Cash Deposit Ratio 6.54 7.21 8.60 11.32Total Debt to Owners Fund 4.53 4.39 4.23 4.10Financial Charges Coverage Ratio 0.62 0.52 0.46 0.56Financial Charges Coverage Ratio Post Tax 1.37 1.34 1.29 1.33Leverage RatiosCurrent Ratio 0.09 0.09 0.12 0.07Quick Ratio 11.31 10.53 9.37 15.86Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 27.07 27.71 29.41 31.30Dividend Payout Ratio Cash Profit 25.57 26.17 29.22 28.61Earning Retention Ratio 72.93 72.29 70.59 68.70Cash Earning Retention Ratio 74.43 73.83 70.78 71.39AdjustedCash Flow Times 31.96 33.19 39.26 40.04

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


10.Key Financial Ratios of Hindustan Unilever

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 1.00 1.00 1.00 1.00Dividend Per Share 13.00 18.50 7.50 6.50Operating Profit Per Share (Rs) 20.69 18.51 15.23 12.40Net Operating Profit Per Share (Rs) 129.56 119.36 102.32 91.39

Free Reserves Per Share (Rs) -- -- -- --Bonus in Equity Capital 60.89 60.89 60.92 60.98Profitability RatiosOperating Profit Margin(%) 15.97 15.51 14.88 13.57Profit Before Interest And Tax Margin(%) 14.71 14.26 13.72 12.28Gross Profit Margin(%) 15.04 14.59 13.89 12.45Cash Profit Margin(%) 13.61 12.96 12.46 11.59Adjusted Cash Margin(%) 13.61 12.96 12.46 11.59Net Profit Margin(%) 13.50 14.37 12.01 11.52Adjusted Net Profit Margin(%) 13.50 14.37 12.01 11.52Return On Capital Employed(%) 147.56 163.59 95.40 102.66 106.78Return On Net Worth(%) 118.01 141.98 76.61 86.70Adjusted Return on Net Worth(%) 111.03 119.23 73.23 78.93Return on Assets Excluding Revaluations 15.15 12.37 16.25 12.32Return on Assets Including Revaluations 15.15 12.37 16.25 12.32Return on Long Term Funds(%) 147.56 163.59 95.40 102.66 106.78Liquidity And Solvency RatiosCurrent Ratio 0.74 0.76 0.83 0.86Quick Ratio 0.44 0.45 0.46 0.46Debt Equity Ratio -- -- -- --Long Term Debt Equity Ratio -- -- -- --Debt Coverage RatiosInterest Cover 134.21 173.94 2,702.74 11,376.83 395.13Total Debt to Owners Fund -- -- -- --Financial Charges Coverage Ratio 141.45 183.33 2,878.75 12,296.96 421.50Financial Charges Coverage Ratio Post Tax 115.57 161.35 2,347.49 10,529.42 342.84Management Efficiency RatiosInventory Turnover Ratio 10.20 10.21 8.79 7.02Debtors Turnover Ratio 33.96 34.13 27.27 24.34Investments Turnover Ratio 10.20 10.21 8.79 7.02Fixed Assets Turnover Ratio 6.77 6.73 6.26 5.65Total Assets Turnover Ratio 8.61 9.78 6.35 7.52Asset Turnover Ratio 9.42 8.34 7.17 7.53Average Raw Material Holding -- -- -- --Average Finished Goods Held -- -- -- --Number of Days In Working Capital -36.35 -38.69 -25.37 -24.09 -22.62Profit & Loss Account RatiosMaterial Cost Composition 52.18 52.82 52.90 53.28Imported Composition of Raw Materials Consumed

8.07 10.59 12.53 19.13

Selling Distribution Cost Composition -- -- -- --Expenses as Composition of Total Sales 1.95 2.53 2.24 7.23Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 72.69 105.35 60.22 61.17Dividend Payout Ratio Cash Profit 68.10 99.18 55.70 55.82Earning Retention Ratio 22.74 -25.45 37.00 32.81Cash Earning Retention Ratio 27.91 -16.81 41.92 39.20AdjustedCash Flow Times -- -- -- --

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


11.Key Financial Ratios of Housing Development Finance Corporation


Investment Valuation RatiosFace Value 2.00 2.00 2.00 2.00Dividend Per Share 14.00 12.50 11.00 9.00Operating Profit Per Share (Rs) 150.25 132.26 113.89 84.68 382.52Net Operating Profit Per Share (Rs) 154.71 136.53 117.35 87.62 394.91Free Reserves Per Share (Rs) -- -- -- -- 355.11Bonus in Equity Capital 39.07 39.43 41.28 41.57Profitability RatiosOperating Profit Margin(%) 97.11 96.87 97.04 96.63Profit Before Interest And Tax Margin(%) 96.76 96.60 96.81 96.30Gross Profit Margin(%) 96.98 96.76 96.93 96.48Cash Profit Margin(%) 22.61 23.03 23.87 27.59Adjusted Cash Margin(%) 22.61 23.03 23.87 27.59Net Profit Margin(%) 22.48 22.92 23.75 27.44Adjusted Net Profit Margin(%) 22.48 22.92 23.75 27.44Return On Capital Employed(%) 16.70 15.29 14.62 12.42Return On Net Worth(%) 19.46 19.39 21.67 20.41Adjusted Return on Net Worth(%) 19.46 19.39 21.67 20.41Return on Assets Excluding Revaluations 179.14 161.67 128.76 118.05 529.33Return on Assets Including Revaluations 179.14 161.67 128.76 118.05 529.33Return on Long Term Funds(%) 20.43 17.79 17.92 15.76Liquidity And Solvency RatiosCurrent Ratio 1.75 2.17 1.76 1.71Quick Ratio 2.47 2.93 2.94 3.23Debt Equity Ratio 4.03 4.35 5.05 4.78Long Term Debt Equity Ratio 3.11 3.60 3.94 3.55Debt Coverage RatiosInterest Cover 1.46 1.47 1.51 1.64Total Debt to Owners Fund 4.03 4.35 5.05 4.78Financial Charges Coverage Ratio 1.47 1.47 1.51 1.65Financial Charges Coverage Ratio Post Tax 1.34 1.35 1.37 1.47Management Efficiency RatiosInventory Turnover Ratio -- -- -- --Debtors Turnover Ratio 562.51 686.25 563.86 12,826.64 795.51Investments Turnover Ratio -- -- -- --

Fixed Assets Turnover Ratio -- -- -- --Total Assets Turnover Ratio -- -- -- --Asset Turnover Ratio 0.18 0.17 0.16 0.12Average Raw Material Holding -- -- -- --Average Finished Goods Held -- -- -- --Number of Days In Working Capital 1,872.16 2,045.16 2,114.26 2,460.54 3,200.91Profit & Loss Account RatiosMaterial Cost Composition -- -- -- --Imported Composition of Raw Materials Consumed

-- -- -- --

Selling Distribution Cost Composition -- -- -- --Expenses as Composition of Total Sales 0.05 0.07 0.06 0.09Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 40.15 39.86 39.40 37.34Dividend Payout Ratio Cash Profit 39.92 39.67 39.21 37.14Earning Retention Ratio 59.85 60.14 60.60 62.66Cash Earning Retention Ratio 60.08 60.33 60.79 62.86AdjustedCash Flow Times 20.56 22.33 23.17 23.27



12.Key Financial Ratios of Sun Pharmaceutical Industries

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 1.00 1.00 1.00 1.00Dividend Per Share 1.50 5.00 4.25 3.50Operating Profit Per Share (Rs) 0.08 4.95 16.98 12.79Net Operating Profit Per Share (Rs) 13.66 23.49 38.78 30.01Free Reserves Per Share (Rs) -- -- -- -- 269.08Bonus in Equity Capital 89.01 78.03 78.03 78.03Profitability RatiosOperating Profit Margin(%) -- -- -- --Profit Before Interest And Tax Margin(%) -- -- -- --Gross Profit Margin(%) -- -- -- --Cash Profit Margin(%) -- -- -- --Adjusted Cash Margin(%) 4.98 22.57 47.56 43.85Net Profit Margin(%) -94.65 19.35 38.94 41.91Adjusted Net Profit Margin(%) -- -- -- --Return On Capital Employed(%) -- -- -- --Return On Net Worth(%) -- -- -- --

Adjusted Return on Net Worth(%) 0.63 6.63 25.35 20.71Return on Assets Excluding Revaluations 35.77 75.21 76.07 64.51 276.08Return on Assets Including Revaluations 35.77 75.21 76.07 64.51 276.08Return on Long Term Funds(%) 1.00 8.50 25.71 21.76Liquidity And Solvency RatiosCurrent Ratio 0.79 2.31 2.68 3.09Quick Ratio 1.03 1.82 2.33 2.74Debt Equity Ratio 0.33 0.01 0.01 0.01Long Term Debt Equity Ratio -- -- -- --Debt Coverage RatiosInterest Cover -- -- -- -- 2,228.18Total Debt to Owners Fund 0.33 0.01 0.01 0.01Financial Charges Coverage Ratio -- -- -- -- 2,386.07Financial Charges Coverage Ratio Post Tax -- -- -- -- 2,201.27Management Efficiency RatiosInventory Turnover Ratio -- -- -- --Debtors Turnover Ratio 4.75 3.35 6.39 5.67Investments Turnover Ratio 3.08 2.80 6.27 5.03Fixed Assets Turnover Ratio -- -- -- --Total Assets Turnover Ratio -- -- -- 0.29Asset Turnover Ratio 0.32 0.31 0.55 0.50Average Raw Material Holding -- -- -- -- 142.46Average Finished Goods Held -- -- -- --

Number of Days In Working Capital-

160.49319.48 211.92 261.56 187.91

Profit & Loss Account RatiosMaterial Cost Composition 44.70 44.31 31.32 31.96Imported Composition of Raw Materials Consumed

46.89 54.47 39.93 41.44

Selling Distribution Cost Composition -- -- -- --Expenses as Composition of Total Sales 81.90 80.64 36.47 28.97Cash Flow Indicator RatiosDividend Payout Ratio Net Profit -- 100.24 25.92 26.19Dividend Payout Ratio Cash Profit -11.39 85.95 24.82 25.03Earning Retention Ratio -- -0.24 77.97 73.81

Cash Earning Retention Ratio-

108.4714.05 78.78 74.97


Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Earnings Per Share -13.66 4.99 16.39 13.36Book Value 35.77 75.21 76.07 64.51 276.08

13.Key Financial Ratios of Larsen and Toubro

Mar '14

Mar '14 Mar '13 Mar '12 Mar '11

Investment Valuation RatiosFace Value -- 2.00 2.00 2.00Dividend Per Share -- 14.25 18.50 16.50Operating Profit Per Share (Rs) -- 71.93 104.11 102.59Net Operating Profit Per Share (Rs) -- 610.62 989.19 868.23 721.13Free Reserves Per Share (Rs) -- -- -- --Bonus in Equity Capital -- 81.77 73.07 73.43Profitability RatiosOperating Profit Margin(%) 11.77 11.77 10.52 11.81Profit Before Interest And Tax Margin(%) 10.04 10.04 8.90 10.24Gross Profit Margin(%) 10.37 10.37 9.18 10.50Cash Profit Margin(%) 9.74 9.74 8.72 9.35Adjusted Cash Margin(%) -- 9.74 8.72 9.35Net Profit Margin(%) -- 9.39 7.82 8.17Adjusted Net Profit Margin(%) 9.39 9.39 7.82 8.17Return On Capital Employed(%) 17.18 17.18 20.02 20.66Return On Net Worth(%) 16.31 16.31 16.85 17.66Adjusted Return on Net Worth(%) -- 14.57 15.97 17.45Return on Assets Excluding Revaluations -- 363.16 473.57 411.87 358.81Return on Assets Including Revaluations -- 363.16 473.57 411.87 358.81Return on Long Term Funds(%) -- 19.81 20.43 22.65Liquidity And Solvency RatiosCurrent Ratio -- 1.27 1.31 1.15Quick Ratio -- 1.47 1.29 1.22Debt Equity Ratio 0.34 0.34 0.27 0.33Long Term Debt Equity Ratio 0.16 0.16 0.25 0.21Debt Coverage RatiosInterest Cover 7.21 7.21 7.57 10.39Total Debt to Owners Fund -- 0.34 0.27 0.33Financial Charges Coverage Ratio -- 7.94 8.41 11.44Financial Charges Coverage Ratio Post Tax -- 6.84 6.83 8.74Management Efficiency RatiosInventory Turnover Ratio 28.55 28.55 29.49 29.93Debtors Turnover Ratio 2.56 2.56 2.94 3.41Investments Turnover Ratio -- 28.55 29.49 29.93Fixed Assets Turnover Ratio 4.96 4.96 5.17 5.12Total Assets Turnover Ratio 1.26 1.26 1.64 1.59Asset Turnover Ratio -- 1.38 1.72 1.72Average Raw Material Holding -- -- -- --Average Finished Goods Held -- -- -- --Number of Days In Working Capital -- 16.72 3.07 -18.21 -39.13Profit & Loss Account RatiosMaterial Cost Composition -- 17.63 25.04 26.58Imported Composition of Raw Materials Consumed

-- 36.66 42.00 38.88

Selling Distribution Cost Composition -- -- -- --Expenses as Composition of Total Sales -- 16.62 21.55 15.15

Cash Flow Indicator RatiosDividend Payout Ratio Net Profit -- 24.04 23.18 22.67Dividend Payout Ratio Cash Profit -- 21.01 19.87 19.59Earning Retention Ratio -- 73.07 75.56 77.05Cash Earning Retention Ratio -- 76.82 79.21 80.20AdjustedCash Flow Times -- 2.01 1.46 1.62

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


14.Key Financial Ratios of Tata Motors

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 2.00 2.00 2.00 10.00Dividend Per Share 2.00 2.00 4.00 20.00Operating Profit Per Share (Rs) -2.73 5.39 13.16 73.51Net Operating Profit Per Share (Rs) 106.63 140.33 171.12 742.00 619.98Free Reserves Per Share (Rs) -- -- -- -- 229.67Bonus in Equity Capital 17.28 17.44 17.53 17.45Profitability RatiosOperating Profit Margin(%) -2.56 3.83 7.69 9.90Profit Before Interest And Tax Margin(%) -7.73 -0.21 4.68 6.95Gross Profit Margin(%) -8.59 -0.22 4.73 7.01Cash Profit Margin(%) 7.72 5.43 6.25 6.98Adjusted Cash Margin(%) 7.72 5.43 6.25 6.98Net Profit Margin(%) 0.87 0.64 2.26 3.81Adjusted Net Profit Margin(%) 0.87 0.64 2.26 3.81Return On Capital Employed(%) 2.52 5.95 10.26 10.75Return On Net Worth(%) 1.74 1.57 6.32 9.05Adjusted Return on Net Worth(%) 4.55 3.80 9.31 9.78Return on Assets Excluding Revaluations 59.58 59.98 61.84 315.36 259.03Return on Assets Including Revaluations 59.58 59.98 61.84 315.36 259.46Return on Long Term Funds(%) 2.94 7.31 11.38 12.55Liquidity And Solvency RatiosCurrent Ratio 0.43 0.42 0.50 0.52Quick Ratio 0.36 0.40 0.43 0.54Debt Equity Ratio 0.76 0.75 0.56 0.73Long Term Debt Equity Ratio 0.51 0.42 0.41 0.48Debt Coverage RatiosInterest Cover 0.64 1.43 2.58 2.69Total Debt to Owners Fund 0.76 0.75 0.56 0.73

Financial Charges Coverage Ratio 2.18 2.74 3.90 3.68Financial Charges Coverage Ratio Post Tax 2.80 2.53 3.34 3.29Management Efficiency RatiosInventory Turnover Ratio 8.89 10.05 11.84 12.10Debtors Turnover Ratio 22.62 19.78 20.45 18.86Investments Turnover Ratio 8.89 10.05 11.84 12.10Fixed Assets Turnover Ratio 1.49 2.03 2.66 2.55Total Assets Turnover Ratio 1.12 1.48 1.98 1.46Asset Turnover Ratio 1.02 1.40 1.66 1.43Average Raw Material Holding -- -- -- --Average Finished Goods Held -- -- -- --Number of Days In Working Capital -69.68 -40.55 -48.91 -25.66 -60.19Profit & Loss Account RatiosMaterial Cost Composition 75.87 75.42 75.64 74.42Imported Composition of Raw Materials Consumed

5.07 4.18 4.82 5.90


Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


15.Key Financial Ratios of Wipro

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 2.00 2.00 2.00 2.00Dividend Per Share 8.00 7.00 6.00 6.00Operating Profit Per Share (Rs) 36.93 28.15 24.58 23.47Net Operating Profit Per Share (Rs) 157.15 134.91 128.86 107.16 156.12Free Reserves Per Share (Rs) -- -- -- -- 116.54Bonus in Equity Capital 96.47 96.59 96.77 96.94Profitability RatiosOperating Profit Margin(%) 23.50 20.86 19.07 21.90Profit Before Interest And Tax Margin(%) 20.73 18.03 16.09 19.12Gross Profit Margin(%) 21.60 18.75 16.71 19.62

Cash Profit Margin(%) 20.12 18.38 16.50 20.17Adjusted Cash Margin(%) 20.12 18.38 16.50 20.17Net Profit Margin(%) 18.29 16.35 14.23 17.95Adjusted Net Profit Margin(%) 18.29 16.35 14.23 17.95Return On Capital Employed(%) 29.47 26.72 22.04 22.44Return On Net Worth(%) 25.16 23.31 19.23 22.71Adjusted Return on Net Worth(%) 25.16 23.31 19.23 22.71Return on Assets Excluding Revaluations 119.03 98.38 99.04 86.86 120.49Return on Assets Including Revaluations 119.03 98.38 99.04 86.86 120.49Return on Long Term Funds(%) 32.87 31.11 24.56 25.11Liquidity And Solvency RatiosCurrent Ratio 1.98 1.55 1.94 1.72Quick Ratio 2.53 2.02 2.50 2.22Debt Equity Ratio 0.15 0.17 0.22 0.22Long Term Debt Equity Ratio 0.03 -- 0.09 0.09Debt Coverage RatiosInterest Cover 26.64 21.45 10.77 42.95Total Debt to Owners Fund 0.15 0.17 0.22 0.22Financial Charges Coverage Ratio 28.61 23.44 12.00 47.36Financial Charges Coverage Ratio Post Tax 22.68 19.02 9.97 41.03Management Efficiency RatiosInventory Turnover Ratio 169.76 103.67 40.36 36.28Debtors Turnover Ratio 4.55 4.04 4.61 4.87Investments Turnover Ratio 169.76 103.67 40.36 36.28Fixed Assets Turnover Ratio 4.46 4.17 3.81 3.46Total Assets Turnover Ratio 1.16 1.19 1.09 1.02Asset Turnover Ratio 1.25 1.15 1.14 1.07Average Raw Material Holding -- -- -- --Average Finished Goods Held -- -- -- --Number of Days In Working Capital 127.39 97.56 118.08 98.04 150.91Profit & Loss Account RatiosMaterial Cost Composition 6.57 8.13 14.78 14.46Imported Composition of Raw Materials Consumed

68.97 68.49 33.71 35.34


Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


16.Key Financial Ratios of

Bharti Airtel


Investment Valuation RatiosFace Value 5.00 5.00 5.00 5.00Dividend Per Share 1.80 1.00 1.00 1.00Operating Profit Per Share (Rs) 40.77 35.47 35.93 35.13Net Operating Profit Per Share (Rs) 124.88 119.42 109.55 100.11Free Reserves Per Share (Rs) -- -- -- --Bonus in Equity Capital 78.37 82.49 82.49 82.49Profitability RatiosOperating Profit Margin(%) 32.65 29.70 32.79 35.08Profit Before Interest And Tax Margin(%) 17.85 14.19 18.29 22.76Gross Profit Margin(%) 18.16 14.65 18.57 22.95Cash Profit Margin(%) 27.65 25.46 27.57 32.15Adjusted Cash Margin(%) 27.65 25.46 27.57 32.15Net Profit Margin(%) 12.99 10.88 13.56 20.12Adjusted Net Profit Margin(%) 12.99 10.88 13.56 20.12Return On Capital Employed(%) 13.18 12.07 13.14 16.65Return On Net Worth(%) 9.89 9.41 11.59 17.49Adjusted Return on Net Worth(%) 10.20 9.41 11.59 17.49Return on Assets Excluding Revaluations 166.93 142.58 130.16 116.16Return on Assets Including Revaluations 166.93 142.58 130.16 116.16Return on Long Term Funds(%) 13.40 12.66 14.48 17.54Liquidity And Solvency RatiosCurrent Ratio 0.93 0.65 1.02 0.63Quick Ratio 0.98 0.75 1.37 0.73Debt Equity Ratio 0.13 0.24 0.29 0.23Long Term Debt Equity Ratio 0.11 0.18 0.17 0.17Debt Coverage RatiosInterest Cover 7.42 4.91 5.98 27.92Total Debt to Owners Fund 0.13 0.24 0.29 0.23Financial Charges Coverage Ratio 12.83 9.04 10.22 42.15Financial Charges Coverage Ratio Post Tax 11.35 8.22 9.34 39.04Management Efficiency RatiosInventory Turnover Ratio 45,380.45 21,595.67 1,296.07 1,105.17 1,307.05Debtors Turnover Ratio 22.63 20.70 23.14 21.32Investments Turnover Ratio 45,380.45 21,595.67 1,296.07 1,105.17 1,307.05Fixed Assets Turnover Ratio 0.86 0.82 0.84 0.82Total Assets Turnover Ratio 0.84 0.90 0.84 0.92Asset Turnover Ratio 0.70 0.69 0.71 0.79Average Raw Material Holding -- -- -- --Average Finished Goods Held -- -- -- --Number of Days In Working Capital -17.92 -53.47 43.95 -52.34 -36.57Profit & Loss Account RatiosMaterial Cost Composition -- 0.40 0.56 0.92Imported Composition of Raw Materials Consumed

-- -- -- --




17.Key Financial Ratios of Axis Bank

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share 20.00 18.00 16.00 14.00Operating Profit Per Share (Rs) 93.96 66.33 56.94 50.50Net Operating Profit Per Share (Rs) 652.16 580.88 532.30 369.14 380.27Free Reserves Per Share (Rs) -- -- -- -- 325.87Bonus in Equity Capital -- -- -- --Profitability RatiosInterest Spread 7.67 7.90 7.46 6.66Adjusted Cash Margin(%) 17.29 16.39 16.72 18.58Net Profit Margin 16.34 15.35 15.47 17.12Return on Long Term Fund(%) 73.36 75.72 88.84 72.25Return on Net Worth(%) 16.26 15.64 18.59 17.83Adjusted Return on Net Worth(%) 16.26 15.64 18.59 17.83Return on Assets Excluding Revaluations 813.47 707.50 551.99 462.77 395.99Return on Assets Including Revaluations 813.47 707.50 551.99 462.77 395.99Management Efficiency RatiosInterest Income / Total Funds 8.47 8.68 8.33 7.16Net Interest Income / Total Funds -- 3.09 3.04 3.10Non Interest Income / Total Funds 2.05 2.09 2.05 2.19Interest Expended / Total Funds -- 5.59 5.29 4.06Operating Expense / Total Funds -- 2.10 2.14 2.12Profit Before Provisions / Total Funds 3.17 2.97 2.81 3.03Net Profit / Total Funds -- 1.65 1.61 1.60Loans Turnover 0.14 0.15 0.14 0.12Total Income / Capital Employed(%) 10.51 10.77 10.38 9.35Interest Expended / Capital Employed(%) -- 5.59 5.29 4.06Total Assets Turnover Ratios 0.08 0.09 0.08 0.07

Asset Turnover Ratio 0.09 0.09 0.09 0.07Profit And Loss Account RatiosInterest Expended / Interest Earned 60.99 64.44 63.55 56.69Other Income / Total Income 19.46 19.42 19.77 23.41Operating Expense / Total Income -- 19.45 20.66 22.69Selling Distribution Cost Composition -- -- -- --Balance Sheet RatiosCapital Adequacy Ratio 16.07 17.00 13.66 12.65Advances / Loans Funds(%) 73.29 71.53 72.29 76.16Debt Coverage RatiosCredit Deposit Ratio 80.03 77.58 76.26 74.65Investment Deposit Ratio 42.60 43.77 40.35 38.71Cash Deposit Ratio 5.97 5.39 6.01 7.07Total Debt to Owners Fund 7.35 7.63 9.65 9.96Financial Charges Coverage Ratio 0.63 0.55 0.56 0.78Financial Charges Coverage Ratio Post Tax 1.35 1.32 1.33 1.43Leverage RatiosCurrent Ratio 0.03 0.03 0.03 0.02Quick Ratio 18.57 20.10 21.63 19.60Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 15.11 16.29 15.51 16.91Dividend Payout Ratio Cash Profit 14.27 15.25 14.35 15.57Earning Retention Ratio 84.89 83.71 84.49 83.09Cash Earning Retention Ratio 85.73 84.75 85.65 84.43AdjustedCash Flow Times 42.69 45.67 48.01 51.45

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Earnings Per Share -- 110.68 102.67 82.54Book Value -- 707.50 551.99 462.77 395.99

18.Key Financial Ratios of NTPC

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share 5.75 5.75 4.00 3.80Operating Profit Per Share (Rs) 21.56 20.72 16.66 14.52Net Operating Profit Per Share (Rs) 87.34 79.65 75.26 66.78Free Reserves Per Share (Rs) -- -- -- --Bonus in Equity Capital -- -- -- --Profitability RatiosOperating Profit Margin(%) 24.68 26.01 22.13 21.74Profit Before Interest And Tax Margin(%) 18.25 19.90 16.88 16.52

Gross Profit Margin(%) 18.93 20.84 17.63 17.22Cash Profit Margin(%) 20.25 20.79 18.04 17.33Adjusted Cash Margin(%) 20.25 20.79 18.04 17.33Net Profit Margin(%) 14.69 18.34 14.22 15.85Adjusted Net Profit Margin(%) 14.69 18.34 14.22 15.85Return On Capital Employed(%) 11.01 12.56 11.51 10.99Return On Net Worth(%) 12.78 15.69 12.58 13.40Adjusted Return on Net Worth(%) 12.80 13.56 12.15 10.99Return on Assets Excluding Revaluations 104.08 97.49 88.89 82.34Return on Assets Including Revaluations 104.08 97.49 88.89 82.34Return on Long Term Funds(%) 11.01 12.56 11.51 10.99Liquidity And Solvency RatiosCurrent Ratio 1.69 1.83 1.97 2.13Quick Ratio 1.51 1.68 1.80 1.93Debt Equity Ratio 0.73 0.66 0.63 0.59Long Term Debt Equity Ratio 0.73 0.66 0.63 0.59Debt Coverage RatiosInterest Cover 6.78 8.72 8.02 8.33Total Debt to Owners Fund 0.73 0.66 0.63 0.59Financial Charges Coverage Ratio 8.50 10.49 9.65 10.08Financial Charges Coverage Ratio Post Tax 7.28 9.32 8.02 9.16Management Efficiency RatiosInventory Turnover Ratio 13.40 16.19 16.76 15.13Debtors Turnover Ratio 13.61 11.73 17.08 13.62Investments Turnover Ratio 13.40 16.19 16.76 15.13Fixed Assets Turnover Ratio 0.62 0.64 0.76 0.76Total Assets Turnover Ratio 0.49 0.49 0.52 0.51Asset Turnover Ratio 0.51 0.52 0.55 0.53Average Raw Material Holding -- -- -- --Average Finished Goods Held -- -- -- --Number of Days In Working Capital 58.36 61.72 66.54 75.77 154.07Profit & Loss Account RatiosMaterial Cost Composition 0.06 0.07 0.07 0.05Imported Composition of Raw Materials Consumed

-- -- -- --

Selling Distribution Cost Composition -- -- -- --Expenses as Composition of Total Sales -- -- -- --Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 43.20 37.57 35.75 34.42Dividend Payout Ratio Cash Profit 31.36 29.60 27.44 27.03Earning Retention Ratio 56.85 56.53 62.99 58.03Cash Earning Retention Ratio 68.67 66.86 71.82 68.51AdjustedCash Flow Times 4.12 3.72 3.92 3.99

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


19.Key Financial Ratios of HCL Technologies

Jun '14 Jun '13 Jun '12 Jun '11 Jun '10

Investment Valuation RatiosFace Value 2.00 2.00 2.00 2.00Dividend Per Share 10.00 12.00 12.00 7.50Operating Profit Per Share (Rs) 104.44 65.88 36.21 22.02Net Operating Profit Per Share (Rs) 235.68 179.63 128.48 98.66Free Reserves Per Share (Rs) -- -- -- --Bonus in Equity Capital 58.35 58.61 58.91 59.30Profitability RatiosOperating Profit Margin(%) 44.31 36.67 28.18 22.31Profit Before Interest And Tax Margin(%) 39.75 32.16 23.42 17.59Gross Profit Margin(%) 41.34 33.14 24.21 18.02Cash Profit Margin(%) 37.74 31.42 25.01 21.40Adjusted Cash Margin(%) 37.74 31.42 25.01 21.40Net Profit Margin(%) 34.88 28.72 21.18 17.21Adjusted Net Profit Margin(%) 34.88 28.72 21.18 17.21Return On Capital Employed(%) 47.30 41.71 33.64 20.74Return On Net Worth(%) 38.00 36.20 29.53 20.45Adjusted Return on Net Worth(%) 38.00 35.29 29.53 20.45Return on Assets Excluding Revaluations 224.94 146.84 95.25 85.06Return on Assets Including Revaluations 224.94 146.84 95.25 85.06Return on Long Term Funds(%) 47.41 42.05 34.47 20.74Liquidity And Solvency RatiosCurrent Ratio 2.44 1.82 1.38 1.95Quick Ratio 2.40 1.76 1.42 1.84Debt Equity Ratio -- 0.06 0.11 0.14Long Term Debt Equity Ratio -- 0.05 0.08 0.14Debt Coverage RatiosInterest Cover 91.60 59.22 25.27 13.72Total Debt to Owners Fund 0.00 0.06 0.11 0.14Financial Charges Coverage Ratio 97.61 65.00 28.90 16.60Financial Charges Coverage Ratio Post Tax 80.31 55.23 24.68 15.69Management Efficiency RatiosInventory Turnover Ratio 1,061.61 152.95 89.08 54.37 1,131.13Debtors Turnover Ratio 5.56 5.32 4.88 3.63Investments Turnover Ratio 1,061.61 152.95 89.08 54.37 1,131.13Fixed Assets Turnover Ratio 3.71 3.38 2.88 2.73Total Assets Turnover Ratio 1.05 1.16 1.23 1.03Asset Turnover Ratio 1.24 1.38 1.27 1.04Average Raw Material Holding -- -- -- --Average Finished Goods Held -- -- -- --Number of Days In Working Capital 154.14 80.74 25.08 72.38 189.90Profit & Loss Account RatiosMaterial Cost Composition 2.09 2.01 2.02 4.04


-- -- -- --


Jun '14 Jun '13 Jun '12 Jun '11 Jun '10


20.Key Financial Ratios of Maruti Suzuki India


Investment Valuation RatiosFace Value 5.00 5.00 5.00 5.00Dividend Per Share 12.00 8.00 7.50 7.50Operating Profit Per Share (Rs) 168.69 140.02 86.98 125.94 129.38Net Operating Profit Per Share (Rs) 1,446.66 1,442.93 1,231.77 1,267.47 1,014.77Free Reserves Per Share (Rs) -- -- -- -- 403.82Bonus in Equity Capital -- -- -- --Profitability RatiosOperating Profit Margin(%) 11.66 9.70 7.06 9.93Profit Before Interest And Tax Margin(%) 6.76 5.33 3.77 7.07Gross Profit Margin(%) 6.89 5.43 3.86 7.16Cash Profit Margin(%) 10.93 9.57 7.61 8.89Adjusted Cash Margin(%) 10.93 9.57 7.61 8.89Net Profit Margin(%) 6.25 5.38 4.49 6.16Adjusted Net Profit Margin(%) 6.25 5.38 4.49 6.16Return On Capital Employed(%) 16.91 15.92 13.53 22.32Return On Net Worth(%) 13.26 12.87 10.76 16.50Adjusted Return on Net Worth(%) 13.26 12.87 10.76 16.50Return on Assets Excluding Revaluations 694.45 615.03 525.68 479.99 409.65Return on Assets Including Revaluations 694.45 615.03 525.68 479.99 409.65Return on Long Term Funds(%) 17.88 16.63 14.49 22.37Liquidity And Solvency RatiosCurrent Ratio 0.77 1.04 1.13 1.57Quick Ratio 0.67 0.90 1.03 1.26Debt Equity Ratio 0.08 0.07 0.07 0.01Long Term Debt Equity Ratio 0.02 0.03 -- 0.01Debt Coverage Ratios

Interest Cover 21.80 16.76 39.88 125.35 105.39Total Debt to Owners Fund 0.08 0.07 0.07 0.01Financial Charges Coverage Ratio 33.65 26.56 60.50 165.89 130.02Financial Charges Coverage Ratio Post Tax 28.67 23.41 51.25 133.08 100.18Management Efficiency RatiosInventory Turnover Ratio 25.62 23.68 19.81 25.88Debtors Turnover Ratio 30.80 36.92 40.39 44.81Investments Turnover Ratio 25.62 23.68 19.81 25.88Fixed Assets Turnover Ratio 1.96 2.25 2.46 3.14Total Assets Turnover Ratio 1.94 2.21 2.22 2.62Asset Turnover Ratio 2.05 2.41 2.35 2.74Average Raw Material Holding -- -- -- --Average Finished Goods Held -- -- -- --Number of Days In Working Capital -5.40 1.02 19.31 24.53Profit & Loss Account RatiosMaterial Cost Composition 72.06 75.07 79.60 77.80Imported Composition of Raw Materials Consumed

9.19 12.03 10.60 10.79




21.Key Financial Ratios of Kotak Mahindra Bank

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 5.00 5.00 5.00 5.00Dividend Per Share 0.80 0.70 0.60 0.50Operating Profit Per Share (Rs) 17.43 15.11 10.73 8.72Net Operating Profit Per Share (Rs) 113.81 107.72 83.44 56.86 105.01Free Reserves Per Share (Rs) -- -- -- -- 102.80Bonus in Equity Capital 48.02 49.55 49.94 50.20Profitability RatiosInterest Spread 9.52 9.82 9.16 9.18Adjusted Cash Margin(%) 16.40 16.22 16.79 18.43

Net Profit Margin 14.77 14.78 15.15 16.46Return on Long Term Fund(%) 59.62 72.07 66.29 48.25Return on Net Worth(%) 12.24 14.40 13.65 12.03Adjusted Return on Net Worth(%) 12.24 14.40 13.65 12.03Return on Assets Excluding Revaluations 159.35 126.53 107.28 92.23 130.40Return on Assets Including Revaluations 159.35 126.53 107.28 92.23 130.40Management Efficiency RatiosInterest Income / Total Funds 10.24 10.77 10.61 9.49Net Interest Income / Total Funds -- 4.29 4.31 4.75Non Interest Income / Total Funds 1.63 1.55 1.68 1.77Interest Expended / Total Funds -- 6.48 6.30 4.74Operating Expense / Total Funds -- 2.78 2.95 3.30Profit Before Provisions / Total Funds 3.01 2.89 2.84 3.00Net Profit / Total Funds -- 1.82 1.86 1.85Loans Turnover 0.17 0.18 0.18 0.17Total Income / Capital Employed(%) 11.87 12.32 12.29 11.26Interest Expended / Capital Employed(%) -- 6.48 6.30 4.74Total Assets Turnover Ratios 0.10 0.11 0.11 0.09Asset Turnover Ratio 0.11 0.11 0.11 0.10Profit And Loss Account RatiosInterest Expended / Interest Earned 57.57 60.14 59.35 49.94Other Income / Total Income 13.77 12.61 13.65 15.70Operating Expense / Total Income -- 22.57 24.00 29.28Selling Distribution Cost Composition -- -- -- --Balance Sheet RatiosCapital Adequacy Ratio 19.01 16.05 17.52 19.92Advances / Loans Funds(%) 73.95 76.59 81.32 82.60Debt Coverage RatiosCredit Deposit Ratio 92.18 97.75 100.90 94.27Investment Deposit Ratio 49.37 56.32 57.06 55.76Cash Deposit Ratio 4.68 4.72 6.08 7.89Total Debt to Owners Fund 4.81 5.40 4.85 4.31Financial Charges Coverage Ratio 0.54 0.47 0.48 0.68Financial Charges Coverage Ratio Post Tax 1.33 1.31 1.33 1.44Leverage RatiosCurrent Ratio 0.03 0.04 0.05 0.05Quick Ratio 17.39 18.95 16.85 10.86Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 4.19 3.84 4.10 4.50Dividend Payout Ratio Cash Profit 3.78 3.50 3.70 4.02Earning Retention Ratio 95.81 96.16 95.90 95.50Cash Earning Retention Ratio 96.22 96.50 96.30 95.98AdjustedCash Flow Times 35.42 34.17 32.07 31.93

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


22.Key Financial Ratios of UltraTech Cement

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share 9.00 9.00 8.00 6.00Operating Profit Per Share (Rs) 139.22 170.53 151.33 97.29 158.86Net Operating Profit Per Share (Rs) 739.49 735.83 668.20 485.79 565.75Free Reserves Per Share (Rs) -- -- -- -- 350.75Bonus in Equity Capital -- -- -- --Profitability RatiosOperating Profit Margin(%) 18.82 23.17 22.64 20.02Profit Before Interest And Tax Margin(%) 13.41 18.21 17.36 14.11Gross Profit Margin(%) 13.63 18.48 17.71 14.27Cash Profit Margin(%) 15.51 17.58 17.92 16.11Adjusted Cash Margin(%) 15.51 17.58 17.92 16.11Net Profit Margin(%) 10.40 12.96 13.09 10.42Adjusted Net Profit Margin(%) 10.40 12.96 13.09 10.42Return On Capital Employed(%) 14.08 20.48 21.69 15.45Return On Net Worth(%) 12.54 17.43 19.02 13.16Adjusted Return on Net Worth(%) 12.54 17.43 19.02 13.16Return on Assets Excluding Revaluations 623.45 555.65 469.22 389.21 370.05Return on Assets Including Revaluations 623.45 555.65 469.22 389.21 370.05Return on Long Term Funds(%) 14.33 21.09 21.90 15.83Liquidity And Solvency RatiosCurrent Ratio 0.76 0.66 0.86 0.58Quick Ratio 0.52 0.43 0.57 0.33Debt Equity Ratio 0.28 0.29 0.30 0.25Long Term Debt Equity Ratio 0.26 0.26 0.28 0.22Debt Coverage RatiosInterest Cover 9.70 19.24 16.16 7.54Total Debt to Owners Fund 0.28 0.29 0.30 0.25Financial Charges Coverage Ratio 12.99 23.75 20.19 10.35Financial Charges Coverage Ratio Post Tax 11.02 18.17 15.96 8.96Management Efficiency RatiosInventory Turnover Ratio 8.56 8.58 8.99 6.80Debtors Turnover Ratio 17.65 22.63 26.77 32.54Investments Turnover Ratio 8.56 8.58 8.99 6.80Fixed Assets Turnover Ratio 0.81 0.95 0.97 0.75Total Assets Turnover Ratio 0.93 1.03 1.10 1.00Asset Turnover Ratio 0.97 1.11 1.22 1.36Average Raw Material Holding -- -- -- --Average Finished Goods Held -- -- -- --Number of Days In Working Capital 17.01 -2.48 21.46 -21.75 -33.61Profit & Loss Account Ratios

Material Cost Composition 22.15 20.84 19.66 20.66Imported Composition of Raw Materials Consumed

13.81 10.76 8.22 7.16


Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


23.Key Financial Ratios of Mahindra and Mahindra

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 5.00 5.00 5.00 5.00Dividend Per Share 14.00 13.00 12.50 11.50Operating Profit Per Share (Rs) 76.66 76.70 61.41 56.26Net Operating Profit Per Share (Rs) 657.72 658.67 518.81 382.13 327.20Free Reserves Per Share (Rs) -- -- -- -- 120.24Bonus in Equity Capital 57.80 57.80 57.92 58.10Profitability RatiosOperating Profit Margin(%) 11.65 11.64 11.83 14.72Profit Before Interest And Tax Margin(%) 9.35 9.75 9.88 12.72Gross Profit Margin(%) 9.52 9.88 10.02 12.96Cash Profit Margin(%) 11.08 9.69 10.35 12.38Adjusted Cash Margin(%) 11.08 9.69 10.35 12.38Net Profit Margin(%) 9.11 8.17 8.90 11.14Adjusted Net Profit Margin(%) 9.11 8.17 8.90 11.14Return On Capital Employed(%) 22.28 25.42 23.85 27.50Return On Net Worth(%) 22.38 22.87 23.65 25.81Adjusted Return on Net Worth(%) 22.06 22.25 22.76 24.67Return on Assets Excluding Revaluations 272.63 238.75 198.23 167.99 137.95Return on Assets Including Revaluations 272.63 238.75 198.23 167.99 138.15Return on Long Term Funds(%) 22.28 25.50 23.85 27.52Liquidity And Solvency RatiosCurrent Ratio 1.19 1.02 0.99 0.97Quick Ratio 0.93 0.77 0.72 0.73

Debt Equity Ratio 0.22 0.22 0.26 0.23Long Term Debt Equity Ratio 0.22 0.22 0.26 0.22Debt Coverage RatiosInterest Cover 17.65 23.79 22.49 47.93Total Debt to Owners Fund 0.22 0.22 0.26 0.23Financial Charges Coverage Ratio 20.98 27.50 26.03 53.64Financial Charges Coverage Ratio Post Tax 18.83 22.25 22.23 43.43Management Efficiency RatiosInventory Turnover Ratio 14.45 16.71 13.51 13.85Debtors Turnover Ratio 17.17 19.27 19.61 18.63Investments Turnover Ratio 14.45 16.71 13.51 13.85Fixed Assets Turnover Ratio 4.02 4.82 4.39 4.10Total Assets Turnover Ratio 1.99 2.29 2.11 1.88Asset Turnover Ratio 2.11 2.43 2.28 2.01Average Raw Material Holding -- -- -- --Average Finished Goods Held -- -- -- --Number of Days In Working Capital 21.28 2.77 -1.10 -4.27Profit & Loss Account RatiosMaterial Cost Composition 73.78 75.85 76.15 70.77Imported Composition of Raw Materials Consumed

2.90 3.41 3.48 1.79


Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


24.Key Financial Ratios of Indian Oil Corporation


Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share 8.70 6.20 5.00 9.50Operating Profit Per Share (Rs) 64.67 56.58 75.96 51.94Net Operating Profit Per Share (Rs) 1,949.01 1,841.45 1,641.20 1,363.84 1,109.73Free Reserves Per Share (Rs) -- -- -- 210.91 191.63Bonus in Equity Capital 93.91 93.91 93.91 93.91

Profitability RatiosOperating Profit Margin(%) 3.31 3.07 4.20 3.80Profit Before Interest And Tax Margin(%) 2.08 1.89 3.07 2.41Gross Profit Margin(%) 2.10 1.90 3.09 2.43Cash Profit Margin(%) 2.33 2.26 3.67 3.53Adjusted Cash Margin(%) 2.33 2.26 4.04 3.53Net Profit Margin(%) 1.47 1.11 0.98 2.22Adjusted Net Profit Margin(%) 1.47 1.11 0.89 2.22Return On Capital Employed(%) 9.11 8.64 13.08 10.32Return On Net Worth(%) 10.63 8.18 6.83 13.45Adjusted Return on Net Worth(%) 8.13 8.17 19.66 12.93Return on Assets Excluding Revaluations 271.80 251.75 238.38 227.83 208.14Return on Assets Including Revaluations 271.80 251.75 238.38 227.83 208.14Return on Long Term Funds(%) 13.67 14.60 22.45 14.56Liquidity And Solvency RatiosCurrent Ratio 0.81 0.84 0.83 0.80Quick Ratio 0.64 0.79 0.74 0.51Debt Equity Ratio 1.22 1.28 1.22 0.95Long Term Debt Equity Ratio 0.48 0.35 0.29 0.38Debt Coverage RatiosInterest Cover 2.63 1.88 3.00 4.18Total Debt to Owners Fund 1.22 1.28 1.22 0.95Financial Charges Coverage Ratio 3.76 2.69 3.87 5.86Financial Charges Coverage Ratio Post Tax 3.51 2.59 2.58 5.49Management Efficiency RatiosInventory Turnover Ratio 7.31 7.54 8.15 7.56Debtors Turnover Ratio 42.48 42.62 36.01 45.15Investments Turnover Ratio 7.31 7.54 7.01 7.56Fixed Assets Turnover Ratio 4.26 4.33 4.49 3.61Total Assets Turnover Ratio 3.24 3.22 3.47 3.09Asset Turnover Ratio 3.31 3.34 3.37 3.26Average Raw Material Holding -- -- -- 56.27Average Finished Goods Held -- -- -- 23.96Number of Days In Working Capital 18.76 33.14 30.55 26.43Profit & Loss Account RatiosMaterial Cost Composition 89.79 91.57 89.93 90.53Imported Composition of Raw Materials Consumed

-- 86.74 86.13 83.62

Selling Distribution Cost Composition -- -- -- 3.69Expenses as Composition of Total Sales 4.56 4.15 4.97 5.12Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 30.09 30.07 30.69 30.97Dividend Payout Ratio Cash Profit 16.52 14.74 13.76 19.02Earning Retention Ratio 60.66 69.89 89.34 67.78Cash Earning Retention Ratio 81.02 85.25 92.54 80.52AdjustedCash Flow Times 7.24 7.68 4.33 4.46



25.Key Financial Ratios of Asian Paints

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 1.00 10.00 10.00 10.00Dividend Per Share 5.30 46.00 40.00 32.00Operating Profit Per Share (Rs) 18.53 161.31 145.94 121.07 107.69Net Operating Profit Per Share (Rs) 108.62 935.33 868.13 688.70 559.61Free Reserves Per Share (Rs) -- -- 249.31 195.88 152.29Bonus in Equity Capital 97.98 97.98 97.98 97.98Profitability RatiosOperating Profit Margin(%) 17.05 17.24 16.81 17.57Profit Before Interest And Tax Margin(%) 14.77 15.61 15.45 15.97Gross Profit Margin(%) 15.02 15.83 15.61 16.14Cash Profit Margin(%) 13.13 12.93 12.50 12.92Adjusted Cash Margin(%) 13.13 12.93 12.50 12.92Net Profit Margin(%) 11.03 11.54 11.38 11.61Adjusted Net Profit Margin(%) 11.03 11.54 11.38 11.61Return On Capital Employed(%) 47.75 50.38 52.24 55.73Return On Net Worth(%) 32.46 34.74 38.52 39.24Adjusted Return on Net Worth(%) 32.74 34.74 38.30 38.90Return on Assets Excluding Revaluations 37.54 315.08 259.36 205.93 162.35Return on Assets Including Revaluations 37.54 315.08 259.36 205.93 162.35Return on Long Term Funds(%) 47.75 50.38 54.51 55.79Liquidity And Solvency RatiosCurrent Ratio 1.18 1.18 1.07 0.93Quick Ratio 0.64 0.61 0.57 0.34Debt Equity Ratio 0.01 0.02 0.07 0.03Long Term Debt Equity Ratio 0.01 0.02 0.02 0.03Debt Coverage RatiosInterest Cover 66.66 50.60 50.66 74.05Total Debt to Owners Fund 0.01 0.02 0.07 0.03Financial Charges Coverage Ratio 74.81 54.76 53.34 75.34Financial Charges Coverage Ratio Post Tax 53.97 39.51 38.94 54.22Management Efficiency RatiosInventory Turnover Ratio 6.26 6.06 7.56 7.08Debtors Turnover Ratio 14.63 15.82 19.21 18.93Investments Turnover Ratio 6.26 6.06 7.56 7.08Fixed Assets Turnover Ratio 3.63 3.23 5.23 4.25Total Assets Turnover Ratio 2.89 2.95 3.22 3.33Asset Turnover Ratio 3.43 3.13 3.55 3.61Average Raw Material Holding -- -- 40.96 48.61Average Finished Goods Held -- -- 44.69 44.60

Number of Days In Working Capital 19.42 20.44 15.00 -2.45 -11.29Profit & Loss Account RatiosMaterial Cost Composition 58.01 59.75 58.44 57.71Imported Composition of Raw Materials Consumed

42.97 44.05 25.57 23.86


Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


26.Key Financial Ratios of Power Grid Corporation of India

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share 2.58 2.75 2.10 1.75Operating Profit Per Share (Rs) 24.77 23.62 18.38 -2.07Net Operating Profit Per Share (Rs) 29.11 27.56 21.95 1.05Free Reserves Per Share (Rs) -- -- -- --Bonus in Equity Capital -- -- -- --Profitability RatiosOperating Profit Margin(%) 85.06 85.72 83.73 -196.95Profit Before Interest And Tax Margin(%) 56.99 56.90 55.06 -263.88Gross Profit Margin(%) 58.83 59.44 58.42 -648.98Cash Profit Margin(%) 54.15 56.73 54.20 -250.83Adjusted Cash Margin(%) 54.15 56.73 54.20 -250.83Net Profit Margin(%) 28.60 31.76 30.18 -435.00Adjusted Net Profit Margin(%) 28.60 31.76 30.18 -435.00Return On Capital Employed(%) 7.97 8.58 8.51 -4.07Return On Net Worth(%) 13.05 16.13 13.85 -24.36Adjusted Return on Net Worth(%) 13.11 16.04 13.93 -24.34Return on Assets Excluding Revaluations 65.87 56.68 50.73 46.15Return on Assets Including Revaluations 65.87 56.68 50.73 46.15

Return on Long Term Funds(%) 8.16 8.76 8.70 -4.17Liquidity And Solvency RatiosCurrent Ratio 1.41 1.63 0.88 0.78Quick Ratio 1.44 1.80 0.96 0.81Debt Equity Ratio 2.44 2.62 2.28 1.81Long Term Debt Equity Ratio 2.36 2.55 2.21 1.74Debt Coverage RatiosInterest Cover 2.98 3.22 3.38 -1.51Total Debt to Owners Fund 2.44 2.62 2.28 1.81Financial Charges Coverage Ratio 4.25 4.54 4.70 -0.15Financial Charges Coverage Ratio Post Tax 3.68 3.99 4.00 -0.85Management Efficiency RatiosInventory Turnover Ratio 21.38 23.13 23.08 1.28Debtors Turnover Ratio 10.11 8.70 7.78 0.29Investments Turnover Ratio 21.38 23.13 23.08 1.28Fixed Assets Turnover Ratio 0.16 0.16 0.16 0.01Total Assets Turnover Ratio 0.13 0.14 0.13 0.01Asset Turnover Ratio 0.14 0.15 0.15 0.01Average Raw Material Holding -- -- -- --Average Finished Goods Held -- -- -- --


166.44377.28 -3.44 -1,703.57 -188.37

Profit & Loss Account RatiosMaterial Cost Composition 1.44 0.49 -- --Imported Composition of Raw Materials Consumed

-- -- -- --

Selling Distribution Cost Composition -- -- -- --Expenses as Composition of Total Sales 2.07 0.73 0.09 3.98Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 30.01 30.06 30.01 --Dividend Payout Ratio Cash Profit 15.89 16.78 16.76 --Earning Retention Ratio 70.13 69.76 70.16 --Cash Earning Retention Ratio -- 83.17 83.30 --AdjustedCash Flow Times 9.87 9.10 9.16 8.39

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Earnings Per Share 8.60 9.15 7.03 -11.24Book Value 65.87 56.68 50.73 46.15

27.Key Financial Ratios of Bajaj Auto



Dividend Per Share 50.00 45.00 45.00 40.00Operating Profit Per Share (Rs) 141.89 125.63 129.11 112.47 173.02Net Operating Profit Per Share (Rs) 696.33 691.07 674.46 568.54 816.49Free Reserves Per Share (Rs) -- -- 198.77 158.97 190.09Bonus in Equity Capital 89.45 89.45 89.45 89.45Profitability RatiosOperating Profit Margin(%) 20.37 18.17 19.14 19.78Profit Before Interest And Tax Margin(%) 18.82 16.69 18.06 18.57Gross Profit Margin(%) 19.48 17.35 18.39 19.03Cash Profit Margin(%) 16.41 15.42 15.33 15.71Adjusted Cash Margin(%) 16.41 15.42 15.33 15.71Net Profit Margin(%) 15.55 14.63 15.11 19.80Adjusted Net Profit Margin(%) 15.55 14.63 15.11 19.80Return On Capital Employed(%) 47.92 53.51 64.24 67.57Return On Net Worth(%) 33.75 38.51 49.72 68.01Adjusted Return on Net Worth(%) 33.75 38.51 47.99 51.42Return on Assets Excluding Revaluations 332.04 273.08 208.77 169.69 202.40Return on Assets Including Revaluations 332.04 273.08 208.77 169.69 202.40Return on Long Term Funds(%) 47.92 53.51 64.24 69.67Liquidity And Solvency RatiosCurrent Ratio 0.80 0.88 0.88 0.80Quick Ratio 0.67 0.74 0.72 0.71Debt Equity Ratio 0.01 0.01 0.02 0.07Long Term Debt Equity Ratio 0.01 0.01 0.02 0.03Debt Coverage RatiosInterest Cover 9,454.16 7,901.43 177.33 2,093.39 421.06Total Debt to Owners Fund 0.01 0.01 0.02 0.07Financial Charges Coverage Ratio 9,820.71 8,205.07 183.98 2,167.34 443.88Financial Charges Coverage Ratio Post Tax 6,986.57 5,940.89 142.72 2,051.12 308.56Management Efficiency RatiosInventory Turnover Ratio 31.50 31.43 30.97 32.80Debtors Turnover Ratio 25.31 33.59 49.66 51.77Investments Turnover Ratio 31.50 31.43 30.97 32.80Fixed Assets Turnover Ratio 4.94 5.22 5.75 4.85Total Assets Turnover Ratio 2.08 2.51 3.19 3.14Asset Turnover Ratio 2.12 2.83 3.43 3.46Average Raw Material Holding -- -- 5.97 5.58Average Finished Goods Held -- -- 9.44 9.18Number of Days In Working Capital -23.69 -11.90 -10.29 -26.24 -41.29Profit & Loss Account RatiosMaterial Cost Composition 70.91 73.81 74.70 72.72Imported Composition of Raw Materials Consumed

4.25 4.64 4.40 4.06

Selling Distribution Cost Composition -- -- 1.38 2.71Expenses as Composition of Total Sales 39.52 32.83 33.95 27.74Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 44.60 42.78 43.34 34.65Dividend Payout Ratio Cash Profit 42.26 40.59 41.31 33.40Earning Retention Ratio 55.40 57.22 55.10 54.17Cash Earning Retention Ratio 57.74 59.41 57.27 56.33



Earnings Per Share 112.08 105.18 103.81 115.42 117.69Book Value 332.04 273.08 208.77 169.69 202.40

28.Key Financial Ratios of Bharat Heavy Electricals

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 2.00 2.00 2.00 10.00Dividend Per Share 2.83 5.40 6.40 31.15Operating Profit Per Share (Rs) 18.47 38.36 40.48 175.38 122.49Net Operating Profit Per Share (Rs) 159.78 197.85 196.02 863.02 678.75Free Reserves Per Share (Rs) -- -- -- -- 315.11Bonus in Equity Capital 50.00 50.00 50.00 50.00Profitability RatiosOperating Profit Margin(%) 11.55 19.39 20.64 20.32Profit Before Interest And Tax Margin(%) 8.68 17.02 18.49 18.58Gross Profit Margin(%) 9.04 17.42 18.98 19.03Cash Profit Margin(%) 10.92 15.27 15.95 15.15Adjusted Cash Margin(%) 10.92 15.27 15.95 15.15Net Profit Margin(%) 8.49 13.35 14.29 13.89Adjusted Net Profit Margin(%) 8.49 13.35 14.29 13.89Return On Capital Employed(%) 14.43 30.00 40.68 44.73Return On Net Worth(%) 10.47 21.72 27.74 29.82Adjusted Return on Net Worth(%) 10.49 21.72 27.82 29.83Return on Assets Excluding Revaluations 135.02 124.38 103.67 411.71 325.16Return on Assets Including Revaluations 135.02 124.38 103.67 411.71 325.16Return on Long Term Funds(%) 15.54 31.26 40.68 44.73Liquidity And Solvency RatiosCurrent Ratio 1.59 1.57 1.47 1.38Quick Ratio 1.49 1.33 1.11 1.04Debt Equity Ratio 0.08 0.05 -- 0.01Long Term Debt Equity Ratio -- -- -- 0.01Debt Coverage RatiosInterest Cover 38.85 76.30 202.28 165.58 198.19Total Debt to Owners Fund 0.08 0.05 0.00 0.01Financial Charges Coverage Ratio 46.26 83.91 217.88 175.52 211.86Financial Charges Coverage Ratio Post Tax 34.50 61.41 153.89 120.78 143.35Management Efficiency RatiosInventory Turnover Ratio 3.99 4.12 3.57 3.89Debtors Turnover Ratio 1.36 1.74 2.07 2.07Investments Turnover Ratio 3.99 4.12 3.57 3.89

Fixed Assets Turnover Ratio 3.36 4.64 5.10 5.43Total Assets Turnover Ratio 1.10 1.53 1.89 2.10Asset Turnover Ratio 1.16 1.69 2.10 2.33Average Raw Material Holding -- -- -- --Average Finished Goods Held -- -- -- --Number of Days In Working Capital 147.86 100.96 62.23 41.87 130.02Profit & Loss Account RatiosMaterial Cost Composition 45.27 48.79 52.34 47.07Imported Composition of Raw Materials Consumed

39.27 32.81 32.05 31.26


Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


29.Key Financial Ratios of Adani Ports and Special Economic Zone

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 2.00 2.00 2.00 2.00Dividend Per Share 1.00 1.00 1.00 0.90Operating Profit Per Share (Rs) 13.24 12.33 8.78 6.55Net Operating Profit Per Share (Rs) 20.99 16.78 12.40 9.42Free Reserves Per Share (Rs) -- -- 23.46 18.42Bonus in Equity Capital 43.52 44.97 44.97 44.97Profitability RatiosOperating Profit Margin(%) 63.05 73.49 70.82 69.51Profit Before Interest And Tax Margin(%) 45.45 59.69 58.86 58.26Gross Profit Margin(%) 52.56 63.30 59.81 58.50Cash Profit Margin(%) 49.18 58.82 61.02 60.88Adjusted Cash Margin(%) 49.18 58.82 61.02 60.88Net Profit Margin(%) 40.11 49.21 46.64 52.06Adjusted Net Profit Margin(%) 40.11 49.21 46.64 52.06Return On Capital Employed(%) 16.83 16.07 14.72 14.62

Return On Net Worth(%) 21.60 26.17 22.55 22.98Adjusted Return on Net Worth(%) 21.60 26.17 24.27 22.03Return on Assets Excluding Revaluations 45.09 33.45 26.05 21.42Return on Assets Including Revaluations 45.09 33.45 26.05 21.42Return on Long Term Funds(%) 17.23 16.52 16.30 15.71Liquidity And Solvency RatiosCurrent Ratio 2.55 1.63 0.64 0.60Quick Ratio 2.96 1.85 0.97 1.23Debt Equity Ratio 0.89 1.16 0.99 0.77Long Term Debt Equity Ratio 0.84 1.11 0.79 0.65Debt Coverage RatiosInterest Cover 3.93 5.28 10.12 14.81Total Debt to Owners Fund 0.89 1.16 0.99 0.77Financial Charges Coverage Ratio 4.54 6.05 10.80 17.58Financial Charges Coverage Ratio Post Tax 4.28 5.74 9.71 16.92Management Efficiency RatiosInventory Turnover Ratio 30.38 38.50 -- --Debtors Turnover Ratio 4.35 6.68 9.11 8.84Investments Turnover Ratio 30.38 38.50 39.70 45.72Fixed Assets Turnover Ratio 0.41 0.36 -- --Total Assets Turnover Ratio 0.25 0.23 0.24 0.27Asset Turnover Ratio 0.27 0.27 0.28 0.26Average Raw Material Holding -- -- -- --Average Finished Goods Held -- -- -- --Number of Days In Working Capital 533.19 216.96 -29.93 81.21Profit & Loss Account RatiosMaterial Cost Composition 1.98 1.39 1.99 8.74Imported Composition of Raw Materials Consumed

14.62 13.90 -- --

Selling Distribution Cost Composition -- -- 0.37 0.14Expenses as Composition of Total Sales 0.02 0.14 -- 0.19Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 10.59 11.42 17.01 18.28Dividend Payout Ratio Cash Profit 8.64 9.55 13.80 15.10Earning Retention Ratio 89.41 88.58 84.19 80.93Cash Earning Retention Ratio 91.36 90.45 87.00 84.37AdjustedCash Flow Times 3.34 3.72 3.34 2.86

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


30.Key Financial Ratios of Nestle India

Dec Dec '12 Dec '11 Dec '10 Dec '09

'13

Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share 48.50 48.50 48.50 48.50Operating Profit Per Share (Rs) 202.00 192.71 159.51 129.30 105.31Net Operating Profit Per Share (Rs) 943.94 864.44 776.93 649.29 533.31Free Reserves Per Share (Rs) -- -- 122.05 78.64Bonus in Equity Capital 76.13 76.13 76.14 76.14Profitability RatiosOperating Profit Margin(%) 21.39 21.92 20.53 19.91Profit Before Interest And Tax Margin(%) 17.61 18.52 18.37 17.77Gross Profit Margin(%) 17.77 18.59 18.48 17.87Cash Profit Margin(%) 15.60 16.09 15.24 15.17Adjusted Cash Margin(%) 15.60 16.46 15.24 15.17Net Profit Margin(%) 12.16 12.76 12.75 13.00Adjusted Net Profit Margin(%) 12.16 12.77 12.75 13.00Return On Capital Employed(%) 47.79 55.43 63.73 135.06 160.29Return On Net Worth(%) 47.16 59.38 75.47 95.70 112.68Adjusted Return on Net Worth(%) 46.57 61.19 78.13 96.78 114.98Return on Assets Excluding Revaluations 245.68 186.53 132.13 88.72Return on Assets Including Revaluations 245.68 186.53 132.13 88.72Return on Long Term Funds(%) 47.79 56.59 112.24 135.06 160.29Liquidity And Solvency RatiosCurrent Ratio 0.65 0.54 0.42 0.62Quick Ratio 0.39 0.22 0.24 0.27Debt Equity Ratio 0.50 0.58 0.76 --Long Term Debt Equity Ratio 0.50 0.58 -- --Debt Coverage RatiosInterest Cover 46.58 59.37 157.92 1,075.28 666.25Total Debt to Owners Fund 0.50 0.58 0.76 --Financial Charges Coverage Ratio 55.62 71.02 174.85 1,194.18 745.81Financial Charges Coverage Ratio Post Tax 40.64 51.57 124.05 881.80 548.92Management Efficiency RatiosInventory Turnover Ratio 12.37 11.55 11.60 12.33Debtors Turnover Ratio 105.92 82.04 83.83 98.22Investments Turnover Ratio 12.37 11.18 11.60 12.33Fixed Assets Turnover Ratio 1.88 1.91 3.00 3.49Total Assets Turnover Ratio 2.56 2.92 3.43 7.86Asset Turnover Ratio 2.84 3.27 4.83 8.71Average Raw Material Holding -- -- 29.98 21.98Average Finished Goods Held -- -- 22.14 22.77Number of Days In Working Capital -29.89 -39.57 -40.92 -37.78 -41.86Profit & Loss Account RatiosMaterial Cost Composition 44.60 46.90 49.01 50.60Imported Composition of Raw Materials Consumed

11.24 11.12 10.88 10.26

Selling Distribution Cost Composition -- -- 9.23 9.95Expenses as Composition of Total Sales 6.84 5.07 5.21 5.59Cash Flow Indicator Ratios

Dividend Payout Ratio Net Profit 41.85 43.78 48.63 57.11Dividend Payout Ratio Cash Profit 32.31 34.76 41.94 49.40Earning Retention Ratio 57.62 57.52 53.03 43.52Cash Earning Retention Ratio 67.38 66.06 59.30 51.07AdjustedCash Flow Times 0.83 0.76 0.85 --

Dec '13

Dec '12 Dec '11 Dec '10 Dec '09


31.Key Financial Ratios of Hindustan Zinc

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 2.00 2.00 2.00 2.00Dividend Per Share 3.50 3.10 2.40 1.00Operating Profit Per Share (Rs) 16.48 15.34 14.36 12.98 110.53Net Operating Profit Per Share (Rs) 32.27 30.06 27.01 23.45 189.88Free Reserves Per Share (Rs) -- -- 61.62 51.33 418.92Bonus in Equity Capital 50.00 50.00 50.00 50.00Profitability RatiosOperating Profit Margin(%) 51.05 51.03 53.18 55.36Profit Before Interest And Tax Margin(%) 39.76 39.60 45.45 46.15Gross Profit Margin(%) 45.29 45.94 47.83 50.57Cash Profit Margin(%) 49.89 51.41 43.65 49.51Adjusted Cash Margin(%) 49.89 51.34 43.65 49.51Net Profit Margin(%) 44.44 46.83 46.01 45.13Adjusted Net Profit Margin(%) 44.44 46.83 46.01 45.13Return On Capital Employed(%) 21.58 24.37 22.52 26.45Return On Net Worth(%) 18.45 21.37 20.55 21.74Adjusted Return on Net Worth(%) 18.61 21.43 17.23 21.75Return on Assets Excluding Revaluations 88.56 76.39 63.62 53.33 428.94Return on Assets Including Revaluations 88.56 76.39 63.62 53.33 428.94Return on Long Term Funds(%) 21.58 24.37 22.52 26.45Liquidity And Solvency RatiosCurrent Ratio 1.99 3.56 2.98 3.01Quick Ratio 1.71 3.21 2.66 2.70Debt Equity Ratio -- -- -- --Long Term Debt Equity Ratio -- -- -- --Debt Coverage RatiosInterest Cover 179.71 270.34 4,694.85 435.75 168.81Total Debt to Owners Fund -- -- -- --Financial Charges Coverage Ratio 197.17 292.57 477.92 352.07 130.99

Financial Charges Coverage Ratio Post Tax 172.10 260.33 440.91 295.05 108.38Management Efficiency RatiosInventory Turnover Ratio 11.38 12.29 35.63 24.49Debtors Turnover Ratio 33.99 34.54 42.16 54.93Investments Turnover Ratio 11.38 11.43 35.63 24.49Fixed Assets Turnover Ratio 1.01 1.04 0.99 1.02Total Assets Turnover Ratio 0.37 0.39 0.43 0.44Asset Turnover Ratio 0.39 0.43 0.46 0.49Average Raw Material Holding -- -- 26.34 23.10Average Finished Goods Held -- -- 1.68 2.38Number of Days In Working Capital 141.91 253.42 197.54 221.48Profit & Loss Account RatiosMaterial Cost Composition 13.45 15.49 12.07 11.99Imported Composition of Raw Materials Consumed

97.21 98.28 90.16 9.09

Selling Distribution Cost Composition -- -- 1.57 1.75Expenses as Composition of Total Sales 20.95 21.35 31.28 37.20Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 21.41 18.98 18.35 8.62Dividend Payout Ratio Cash Profit 19.23 17.35 16.52 7.86Earning Retention Ratio 78.78 81.07 78.11 91.39Cash Earning Retention Ratio 80.93 82.69 80.66 92.15AdjustedCash Flow Times -- -- -- --

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


32.Key Financial Ratios of Bosch

Dec '13 Dec '12 Dec '11 Dec '10 Dec '09

Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share 55.00 60.00 135.00 40.00Operating Profit Per Share (Rs) 411.19 429.79 445.83 343.76 208.09Net Operating Profit Per Share (Rs) 2,809.05 2,757.77 2,562.90 2,136.39 1,538.88Free Reserves Per Share (Rs) -- -- 1,492.45 1,291.68 1,064.68Bonus in Equity Capital 89.60 89.60 89.60 89.60Profitability RatiosOperating Profit Margin(%) 14.63 15.58 17.39 16.09Profit Before Interest And Tax Margin(%) 9.88 10.88 13.73 11.92Gross Profit Margin(%) 10.28 11.34 14.19 12.30Cash Profit Margin(%) 13.83 14.67 14.49 13.58Adjusted Cash Margin(%) 13.83 14.67 14.49 13.58

Net Profit Margin(%) 9.64 10.61 13.50 12.40Adjusted Net Profit Margin(%) 9.64 10.61 13.50 12.40Return On Capital Employed(%) 19.60 23.47 27.97 23.76Return On Net Worth(%) 14.05 17.19 23.74 20.95Adjusted Return on Net Worth(%) 14.05 17.19 20.02 16.75Return on Assets Excluding Revaluations 2,004.62 1,775.00 1,505.92 1,305.15 1,078.14Return on Assets Including Revaluations 2,004.62 1,775.00 1,505.92 1,305.15 1,078.14Return on Long Term Funds(%) 19.60 23.48 28.08 23.78Liquidity And Solvency RatiosCurrent Ratio 2.14 2.37 2.09 2.12Quick Ratio 1.54 1.75 1.46 1.58Debt Equity Ratio 0.02 0.03 0.06 0.07Long Term Debt Equity Ratio 0.02 0.03 0.06 0.07Debt Coverage RatiosInterest Cover 434.31 245.76 3,298.80 264.27 469.58Total Debt to Owners Fund 0.02 0.03 0.06 0.07Financial Charges Coverage Ratio 566.79 312.49 3,902.50 328.83 725.40Financial Charges Coverage Ratio Post Tax 438.55 241.96 3,233.03 283.89 754.46Management Efficiency RatiosInventory Turnover Ratio 7.31 8.56 7.76 9.14Debtors Turnover Ratio 8.42 8.79 9.64 10.29Investments Turnover Ratio 7.31 7.90 7.76 9.14Fixed Assets Turnover Ratio 2.05 2.20 2.35 2.22Total Assets Turnover Ratio 1.37 1.51 1.60 1.53Asset Turnover Ratio 1.45 1.60 1.71 1.67Average Raw Material Holding -- -- 43.12 34.28Average Finished Goods Held -- -- 34.58 30.93Number of Days In Working Capital 99.43 108.00 97.09 113.07 122.11Profit & Loss Account RatiosMaterial Cost Composition 58.48 56.89 60.43 59.27Imported Composition of Raw Materials Consumed

39.99 40.99 44.68 42.37



Earnings Per Share 281.76 305.20 357.52 273.55 188.11Book Value 2,004.62 1,775.00 1,505.92 1,305.15 1,078.14

33.Key Financial Ratios of Tech Mahindra

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share 20.00 5.00 4.00 4.00Operating Profit Per Share (Rs) 152.54 91.98 67.95 75.48Net Operating Profit Per Share (Rs) 697.94 468.46 411.26 394.23 366.56Free Reserves Per Share (Rs) -- -- 225.01 233.90 208.53Bonus in Equity Capital 45.11 82.23 82.62 83.60Profitability RatiosOperating Profit Margin(%) 21.85 19.63 16.52 19.14Profit Before Interest And Tax Margin(%) 19.15 17.29 13.60 16.27Gross Profit Margin(%) 19.23 17.01 13.65 16.36Cash Profit Margin(%) 16.90 13.70 12.42 14.94Adjusted Cash Margin(%) 16.90 13.70 12.42 14.94Net Profit Margin(%) 16.40 11.04 8.75 13.95Adjusted Net Profit Margin(%) 16.40 11.04 8.75 13.95Return On Capital Employed(%) 32.61 17.51 16.05 16.18Return On Net Worth(%) 31.26 15.60 13.37 20.58Adjusted Return on Net Worth(%) 27.23 15.60 14.62 17.96Return on Assets Excluding Revaluations 367.86 326.45 270.08 268.67 234.34Return on Assets Including Revaluations 367.86 326.45 270.08 268.67 234.34Return on Long Term Funds(%) 37.29 20.66 18.14 18.07Liquidity And Solvency RatiosCurrent Ratio 2.11 0.95 0.98 1.58Quick Ratio 2.04 1.32 1.23 2.49Debt Equity Ratio -- 0.26 0.33 0.53Long Term Debt Equity Ratio -- 0.07 0.17 0.37Debt Coverage RatiosInterest Cover 36.92 8.50 9.46 8.41Total Debt to Owners Fund 0.00 0.26 0.33 0.53Financial Charges Coverage Ratio 41.84 9.94 7.91 7.97Financial Charges Coverage Ratio Post Tax 36.86 8.43 6.47 7.81Management Efficiency RatiosInventory Turnover Ratio -- -- 26,215.00 8,275.83 3,202.71Debtors Turnover Ratio 6.15 4.59 4.34 4.59Investments Turnover Ratio -- -- 26,215.00 8,275.83 3,202.71Fixed Assets Turnover Ratio -- -- 3.81 4.00Total Assets Turnover Ratio -- -- 1.15 0.96Asset Turnover Ratio 2.16 1.22 1.07 0.97Average Raw Material Holding -- -- 144.00 --Average Finished Goods Held -- -- -- --Number of Days In Working Capital 92.45 27.52 28.32 96.43Profit & Loss Account RatiosMaterial Cost Composition -- -- -- --Imported Composition of Raw Materials Consumed

-- -- -- --

Selling Distribution Cost Composition -- -- 0.08 0.09

Expenses as Composition of Total Sales 95.46 92.48 89.78 84.75 114.33Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 17.38 9.82 11.15 7.32Dividend Payout Ratio Cash Profit 15.00 7.91 8.41 6.10Earning Retention Ratio 80.04 90.18 89.79 91.62Cash Earning Retention Ratio 83.12 92.09 92.14 93.17AdjustedCash Flow Times 0.00 1.36 1.72 2.42

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


34.Key Financial Ratios of Lupin

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 2.00 2.00 2.00 2.00Dividend Per Share 6.00 4.00 3.20 3.00Operating Profit Per Share (Rs) 64.95 42.10 23.05 21.48Net Operating Profit Per Share (Rs) 199.37 159.15 120.56 100.74 414.88Free Reserves Per Share (Rs) -- -- -- -- 264.48Bonus in Equity Capital 44.77 44.85 44.94 44.99Profitability RatiosOperating Profit Margin(%) 32.57 26.45 19.11 21.32Profit Before Interest And Tax Margin(%) 29.34 24.26 16.65 18.93Gross Profit Margin(%) 30.70 24.34 16.66 19.00Cash Profit Margin(%) 26.63 19.73 14.91 20.25Adjusted Cash Margin(%) 26.63 19.73 14.91 20.25Net Profit Margin(%) 24.84 17.63 14.92 17.95Adjusted Net Profit Margin(%) 24.84 17.63 14.92 17.95Return On Capital Employed(%) 44.39 32.52 19.05 21.07Return On Net Worth(%) 33.30 26.00 21.53 25.69Adjusted Return on Net Worth(%) 33.30 26.00 17.99 25.67Return on Assets Excluding Revaluations 155.65 108.30 83.61 70.66 284.51Return on Assets Including Revaluations 155.65 108.30 83.61 70.66 284.51Return on Long Term Funds(%) 45.12 36.03 23.28 25.80Liquidity And Solvency RatiosCurrent Ratio 2.81 1.59 1.19 1.10Quick Ratio 2.27 1.69 1.59 1.75Debt Equity Ratio 0.02 0.11 0.27 0.31Long Term Debt Equity Ratio -- 0.01 0.04 0.07Debt Coverage RatiosInterest Cover 150.55 52.80 31.41 31.58

Total Debt to Owners Fund 0.02 0.11 0.27 0.31Financial Charges Coverage Ratio 158.54 57.31 36.01 35.37Financial Charges Coverage Ratio Post Tax 119.72 43.38 33.65 34.16Management Efficiency RatiosInventory Turnover Ratio 6.51 5.35 4.79 5.34Debtors Turnover Ratio 3.78 4.23 3.95 4.18Investments Turnover Ratio 6.51 5.35 4.79 5.34Fixed Assets Turnover Ratio 2.93 2.59 2.32 2.42Total Assets Turnover Ratio 1.26 1.32 1.14 1.09Asset Turnover Ratio 1.43 1.41 1.22 1.19Average Raw Material Holding -- -- -- --Average Finished Goods Held -- -- -- --Number of Days In Working Capital 143.92 126.07 138.55 139.32 134.74Profit & Loss Account RatiosMaterial Cost Composition 36.05 41.05 44.15 42.74Imported Composition of Raw Materials Consumed

38.30 38.35 38.86 42.58


Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


35.Key Financial Ratios of Bharti Infratel

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share 4.40 5.50 -- --Operating Profit Per Share (Rs) 10.99 9.38 28.16 24.82Net Operating Profit Per Share (Rs) 26.46 23.61 71.59 65.09Free Reserves Per Share (Rs) -- -- -- --Bonus in Equity Capital 90.08 90.11 93.05 93.05Profitability RatiosOperating Profit Margin(%) 41.54 39.73 39.33 38.12Profit Before Interest And Tax Margin(%) 17.64 12.96 13.50 11.94

Gross Profit Margin(%) 19.51 14.87 13.86 12.22Cash Profit Margin(%) 39.62 41.34 35.32 34.57Adjusted Cash Margin(%) 39.62 41.34 35.32 34.57Net Profit Margin(%) 19.71 19.73 10.52 9.26Adjusted Net Profit Margin(%) 19.71 19.73 10.52 9.26Return On Capital Employed(%) 8.48 7.46 4.66 3.84Return On Net Worth(%) 6.14 5.71 3.04 2.49Adjusted Return on Net Worth(%) 6.14 5.69 3.04 2.49Return on Assets Excluding Revaluations 93.94 93.57 253.69 247.10 241.67Return on Assets Including Revaluations 93.94 93.57 253.69 247.10 241.67Return on Long Term Funds(%) 8.48 7.46 4.66 3.84Liquidity And Solvency RatiosCurrent Ratio 0.56 1.19 1.40 1.03Quick Ratio 0.56 1.19 1.40 1.03Debt Equity Ratio -- -- -- --Long Term Debt Equity Ratio -- -- -- --Debt Coverage RatiosInterest Cover 165.46 1,884.57 687.70 15.28Total Debt to Owners Fund -- -- -- --Financial Charges Coverage Ratio 286.49 3,468.29 1,746.50 42.43Financial Charges Coverage Ratio Post Tax 241.80 3,027.29 1,509.00 38.09Management Efficiency RatiosInventory Turnover Ratio -- -- -- --Debtors Turnover Ratio 20.75 20.00 13.98 10.32Investments Turnover Ratio -- -- -- --Fixed Assets Turnover Ratio -- -- -- --Total Assets Turnover Ratio -- -- -- --Asset Turnover Ratio 0.28 0.28 0.29 0.26Average Raw Material Holding -- -- -- --Average Finished Goods Held -- -- -- --


237.03-14.89 57.67 11.06 -10.84

Profit & Loss Account RatiosMaterial Cost Composition -- -- -- --Imported Composition of Raw Materials Consumed

-- -- -- --

Selling Distribution Cost Composition -- -- -- --Expenses as Composition of Total Sales -- -- -- --Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 76.27 99.24 -- --Dividend Payout Ratio Cash Profit 37.93 47.30 -- --Earning Retention Ratio 23.73 0.45 100.00 100.00 100.00Cash Earning Retention Ratio 62.07 52.63 100.00 100.00 100.00AdjustedCash Flow Times -- -- -- --

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


Book Value 93.94 93.57 253.69 247.10 241.67

36.Key Financial Ratios of Sesa Sterlite

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 1.00 1.00 1.00 1.00Dividend Per Share 3.25 0.10 4.00 3.50Operating Profit Per Share (Rs) 7.80 3.93 29.97 46.48Net Operating Profit Per Share (Rs) 96.24 25.17 74.94 86.22Free Reserves Per Share (Rs) -- -- -- --Bonus in Equity Capital 23.10 78.84 78.84 78.84Profitability RatiosOperating Profit Margin(%) 8.10 15.62 39.98 53.91Profit Before Interest And Tax Margin(%) 2.65 7.66 36.53 49.40Gross Profit Margin(%) 2.82 8.86 38.69 52.80Cash Profit Margin(%) 8.93 11.00 26.52 43.90Adjusted Cash Margin(%) 8.93 11.00 26.52 43.90Net Profit Margin(%) 3.54 4.77 24.34 42.86Adjusted Net Profit Margin(%) 3.54 4.77 24.34 42.86Return On Capital Employed(%) 3.89 3.05 17.60 35.60Return On Net Worth(%) 3.19 0.92 13.00 29.62Adjusted Return on Net Worth(%) 3.58 1.00 13.52 29.62Return on Assets Excluding Revaluations 113.59 149.85 148.58 133.34Return on Assets Including Revaluations 113.59 149.85 148.58 133.34Return on Long Term Funds(%) 4.84 3.77 20.73 35.61Liquidity And Solvency RatiosCurrent Ratio 0.59 0.40 0.46 2.11Quick Ratio 0.94 1.16 0.74 1.73Debt Equity Ratio 1.00 0.35 0.28 0.08Long Term Debt Equity Ratio 0.61 0.09 0.09 0.08Debt Coverage RatiosInterest Cover 0.74 1.14 6.92 51.91Total Debt to Owners Fund 1.00 0.35 0.28 0.08Financial Charges Coverage Ratio 1.16 1.46 7.12 52.87Financial Charges Coverage Ratio Post Tax 1.72 1.57 5.20 41.81Management Efficiency RatiosInventory Turnover Ratio 5.03 2.89 8.60 11.78Debtors Turnover Ratio 39.52 7.26 13.44 19.08Investments Turnover Ratio 5.03 2.89 8.60 11.78Fixed Assets Turnover Ratio 0.98 1.06 4.38 6.32Total Assets Turnover Ratio 0.42 0.13 0.39 0.60Asset Turnover Ratio 0.67 0.13 0.45 0.69Average Raw Material Holding -- -- -- -- 115.13Average Finished Goods Held -- -- -- --Number of Days In Working Capital 54.20 146.95 28.14 91.62 208.80


92.08 62.85 56.75 57.58


Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


37.Key Financial Ratios of Hero Motocorp


Investment Valuation RatiosFace Value 2.00 2.00 2.00 2.00Dividend Per Share 65.05 60.00 45.00 105.00 110.00Operating Profit Per Share (Rs) 177.28 166.36 182.69 130.06 137.40

Net Operating Profit Per Share (Rs)1,265.7

51,190.27 1,181.19 969.86 793.22

Free Reserves Per Share (Rs) -- -- 212.83 146.03 171.52Bonus in Equity Capital 59.98 59.98 59.98 59.98Profitability RatiosOperating Profit Margin(%) 14.00 13.97 15.46 13.40Profit Before Interest And Tax Margin(%) 9.45 9.02 10.77 11.26Gross Profit Margin(%) 9.62 9.17 10.81 11.33Cash Profit Margin(%) 12.50 13.64 13.56 11.36Adjusted Cash Margin(%) 12.50 13.64 13.56 11.36Net Profit Margin(%) 8.19 8.76 10.04 9.89Adjusted Net Profit Margin(%) 8.19 8.76 10.04 9.89Return On Capital Employed(%) 51.41 48.57 49.83 52.13Return On Net Worth(%) 37.66 42.31 55.43 65.21Adjusted Return on Net Worth(%) 37.66 43.05 49.27 61.34Return on Assets Excluding Revaluations 280.43 250.70 214.83 148.03 173.52Return on Assets Including Revaluations 280.43 250.70 214.83 148.03 173.52Return on Long Term Funds(%) 51.41 48.57 49.83 52.13Liquidity And Solvency RatiosCurrent Ratio 0.65 0.67 0.42 0.24

Quick Ratio 0.47 0.52 0.28 0.15Debt Equity Ratio -- 0.06 0.23 0.50Long Term Debt Equity Ratio -- 0.06 0.23 0.50Debt Coverage RatiosInterest Cover 243.58 216.51 123.65 146.73 1,262.36Total Debt to Owners Fund -- 0.06 0.23 0.50Financial Charges Coverage Ratio 337.26 312.37 111.61 96.48 255.15Financial Charges Coverage Ratio Post Tax 273.12 274.71 104.96 83.63 218.53Management Efficiency RatiosInventory Turnover Ratio 37.75 37.33 40.84 43.88Debtors Turnover Ratio 31.88 50.72 117.09 162.08 122.63Investments Turnover Ratio 37.75 37.33 40.84 43.88Fixed Assets Turnover Ratio 7.40 7.32 4.05 3.70Total Assets Turnover Ratio 4.81 5.76 4.91 4.68Asset Turnover Ratio 4.63 4.49 4.85 4.85Average Raw Material Holding -- -- 8.81 9.53Average Finished Goods Held -- -- 2.84 1.52Number of Days In Working Capital -25.44 -21.24 -40.58 -90.84 -47.76Profit & Loss Account RatiosMaterial Cost Composition 72.48 73.50 74.13 73.50Imported Composition of Raw Materials Consumed

55.76 5.79 3.92 4.22

Selling Distribution Cost Composition -- -- 4.08 4.47Expenses as Composition of Total Sales 1.85 2.62 2.54 2.29Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 61.59 56.56 37.78 108.75Dividend Payout Ratio Cash Profit 40.39 36.75 25.85 89.97Earning Retention Ratio 38.41 44.42 57.49 -15.62Cash Earning Retention Ratio 59.61 63.67 72.02 5.37AdjustedCash Flow Times -- 0.09 0.31 0.67



38.Key Financial Ratios of Dr Reddys Laboratories

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 5.00 5.00 5.00 5.00Dividend Per Share 18.00 15.00 13.75 11.25Operating Profit Per Share (Rs) 162.35 116.92 109.80 72.05Net Operating Profit Per Share (Rs) 571.87 496.60 394.33 306.55 260.33Free Reserves Per Share (Rs) -- -- 380.00 346.32 341.13

Bonus in Equity Capital 65.64 65.80 65.87 66.03Profitability RatiosOperating Profit Margin(%) 28.38 23.54 27.84 23.50Profit Before Interest And Tax Margin(%) 24.10 19.50 23.11 18.31Gross Profit Margin(%) 24.47 19.83 23.34 18.72Cash Profit Margin(%) 23.41 18.40 22.38 21.99Adjusted Cash Margin(%) 23.41 18.40 22.38 21.99Net Profit Margin(%) 19.56 14.75 13.51 16.84Adjusted Net Profit Margin(%) 19.56 14.75 13.51 16.84Return On Capital Employed(%) 21.11 19.36 19.22 14.20Return On Net Worth(%) 20.71 16.25 13.58 14.84Adjusted Return on Net Worth(%) 20.71 16.25 17.42 14.81Return on Assets Excluding Revaluations 548.41 458.29 396.19 355.69 350.30Return on Assets Including Revaluations 548.41 458.29 396.19 355.69 350.30Return on Long Term Funds(%) 24.75 23.29 21.93 16.22Liquidity And Solvency RatiosCurrent Ratio 1.96 1.62 1.70 1.66Quick Ratio 2.70 2.02 1.84 1.91Debt Equity Ratio 0.29 0.20 0.23 0.24Long Term Debt Equity Ratio 0.10 -- 0.08 0.09Debt Coverage RatiosInterest Cover 32.35 29.55 25.22 220.90 250.76Total Debt to Owners Fund 0.29 0.20 0.23 0.24Financial Charges Coverage Ratio 37.21 34.65 27.86 134.85Financial Charges Coverage Ratio Post Tax 30.54 26.71 19.12 118.99Management Efficiency RatiosInventory Turnover Ratio 6.11 5.53 5.54 5.36Debtors Turnover Ratio 2.59 3.44 3.60 3.67Investments Turnover Ratio 6.11 5.53 5.54 5.36Fixed Assets Turnover Ratio 2.05 2.07 1.94 1.75Total Assets Turnover Ratio 0.81 0.90 0.82 0.70Asset Turnover Ratio 0.91 0.96 0.85 0.74Average Raw Material Holding -- -- 109.87 134.48 104.48Average Finished Goods Held -- -- 19.27 22.23Number of Days In Working Capital 217.36 178.52 174.40 190.22 144.48Profit & Loss Account RatiosMaterial Cost Composition 28.32 32.86 31.74 33.71Imported Composition of Raw Materials Consumed

37.04 30.23 27.05 42.76


Mar Mar '13 Mar '12 Mar '11 Mar '10

'14


39.Key Financial Ratios of GAIL India

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share 10.40 9.60 8.70 7.50Operating Profit Per Share (Rs) 52.83 51.00 45.84 43.61Net Operating Profit Per Share (Rs) 453.36 374.64 318.48 256.50 197.02Free Reserves Per Share (Rs) -- -- -- -- 120.92Bonus in Equity Capital 33.33 33.33 33.33 33.33Profitability RatiosOperating Profit Margin(%) 11.65 13.61 14.39 17.00Profit Before Interest And Tax Margin(%) 9.45 11.36 12.30 14.80Gross Profit Margin(%) 9.60 11.54 12.43 15.00Cash Profit Margin(%) 8.91 10.36 10.88 12.77Adjusted Cash Margin(%) 8.91 10.36 10.88 12.77Net Profit Margin(%) 7.49 8.32 8.94 10.79Adjusted Net Profit Margin(%) 7.49 8.32 8.94 10.79Return On Capital Employed(%) 17.55 19.18 20.57 25.07Return On Net Worth(%) 16.16 16.60 16.89 18.49Adjusted Return on Net Worth(%) 14.88 16.60 16.89 18.49Return on Assets Excluding Revaluations 213.42 191.00 170.48 151.78 132.43Return on Assets Including Revaluations 213.42 191.00 170.48 151.78 132.43Return on Long Term Funds(%) 17.55 19.31 20.57 25.07Liquidity And Solvency RatiosCurrent Ratio 1.10 1.00 0.93 1.04Quick Ratio 0.93 0.89 0.82 0.96Debt Equity Ratio 0.35 0.35 0.23 0.10Long Term Debt Equity Ratio 0.35 0.34 0.23 0.10Debt Coverage RatiosInterest Cover 17.54 32.06 46.85 64.24Total Debt to Owners Fund 0.35 0.35 0.23 0.10Financial Charges Coverage Ratio 20.75 37.09 53.64 72.09Financial Charges Coverage Ratio Post Tax 16.16 26.65 39.16 51.83Management Efficiency RatiosInventory Turnover Ratio 25.51 30.95 28.45 38.05Debtors Turnover Ratio 21.44 21.33 21.62 20.80Investments Turnover Ratio 25.51 30.95 28.45 38.05Fixed Assets Turnover Ratio 1.73 1.56 1.56 1.49Total Assets Turnover Ratio 1.60 1.49 1.54 1.55Asset Turnover Ratio 1.66 1.61 1.69 1.65

Average Raw Material Holding -- -- -- --Average Finished Goods Held -- -- -- --Number of Days In Working Capital 19.78 13.80 5.95 21.86Profit & Loss Account RatiosMaterial Cost Composition 80.72 77.14 77.23 73.74Imported Composition of Raw Materials Consumed

0.75 23.06 -- --


Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


40.Key Financial Ratios of Idea Cellular

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share 0.40 0.30 -- --Operating Profit Per Share (Rs) 21.85 15.43 14.68 10.95Net Operating Profit Per Share (Rs) 78.65 66.51 58.25 46.42Free Reserves Per Share (Rs) -- -- 28.93 27.13Bonus in Equity Capital -- -- -- --Profitability RatiosOperating Profit Margin(%) 27.78 23.19 25.20 23.59Profit Before Interest And Tax Margin(%) 12.07 9.32 14.71 12.29Gross Profit Margin(%) 12.10 9.33 14.72 12.35Cash Profit Margin(%) 22.08 17.53 16.17 17.75Adjusted Cash Margin(%) 22.08 17.53 16.17 17.75Net Profit Margin(%) 6.45 3.70 2.98 5.48Adjusted Net Profit Margin(%) 6.45 3.70 2.98 5.48Return On Capital Employed(%) 9.68 8.30 10.02 7.50Return On Net Worth(%) 10.83 5.83 4.46 6.87Adjusted Return on Net Worth(%) 10.83 5.83 4.32 6.20Return on Assets Excluding Revaluations 46.95 42.30 38.99 37.18Return on Assets Including Revaluations 46.95 42.30 38.99 37.18

Return on Long Term Funds(%) 9.86 8.54 10.74 8.12Liquidity And Solvency RatiosCurrent Ratio 0.42 0.52 0.53 0.49Quick Ratio 0.46 0.55 0.55 0.52Debt Equity Ratio 1.14 0.80 0.79 0.86Long Term Debt Equity Ratio 1.10 0.75 0.67 0.72Debt Coverage RatiosInterest Cover 5.17 2.58 2.72 5.00Total Debt to Owners Fund 1.14 0.80 0.79 0.86Financial Charges Coverage Ratio 11.72 6.34 3.28 4.13Financial Charges Coverage Ratio Post Tax 10.26 5.76 3.11 4.15Management Efficiency RatiosInventory Turnover Ratio 535.73 404.39 364.10 293.64 253.76Debtors Turnover Ratio 30.98 25.58 30.38 34.40Investments Turnover Ratio 535.73 404.39 364.10 293.64 253.76Fixed Assets Turnover Ratio 0.78 0.74 0.73 0.70Total Assets Turnover Ratio 1.02 1.29 1.19 0.97Asset Turnover Ratio 0.89 0.91 0.84 0.75Average Raw Material Holding -- -- -- --Average Finished Goods Held -- -- -- --Number of Days In Working Capital -58.44 -50.11 -45.63 -50.52Profit & Loss Account RatiosMaterial Cost Composition -- -- -- --Imported Composition of Raw Materials Consumed

-- -- -- --

Selling Distribution Cost Composition -- -- 2.18 2.50Expenses as Composition of Total Sales 1.46 1.34 0.77 0.72Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 7.86 12.15 -- --Dividend Payout Ratio Cash Profit 2.29 2.56 -- --Earning Retention Ratio 92.14 87.85 100.00 100.00 100.00Cash Earning Retention Ratio 97.71 97.44 100.00 100.00 100.00AdjustedCash Flow Times 3.07 2.91 3.25 3.86

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


41.Key Financial Ratios of Adani Enterprises

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


Dividend Per Share 1.40 1.40 1.00 1.00Operating Profit Per Share (Rs) -6.78 1.41 1.84 -1.22Net Operating Profit Per Share (Rs) 107.19 108.12 48.03 26.49 229.58Free Reserves Per Share (Rs) -- -- 89.94 87.82Bonus in Equity Capital 38.04 38.04 38.04 38.04Profitability RatiosOperating Profit Margin(%) -6.32 1.30 3.83 -4.59Profit Before Interest And Tax Margin(%) -6.19 0.77 3.01 -4.47Gross Profit Margin(%) -6.83 0.81 3.26 -5.05Cash Profit Margin(%) -0.92 2.99 8.45 5.13Adjusted Cash Margin(%) -0.92 2.99 8.45 5.13Net Profit Margin(%) -1.37 4.15 6.32 8.18Adjusted Net Profit Margin(%) -1.37 4.15 6.32 8.18Return On Capital Employed(%) 2.48 4.64 5.27 2.19Return On Net Worth(%) -1.78 5.01 3.61 2.75Adjusted Return on Net Worth(%) -1.78 3.05 4.53 1.59Return on Assets Excluding Revaluations 91.24 94.26 90.94 88.82Return on Assets Including Revaluations 91.24 94.26 90.94 88.82Return on Long Term Funds(%) 3.30 5.99 5.69 2.22Liquidity And Solvency RatiosCurrent Ratio 1.25 1.37 2.26 5.13Quick Ratio 2.10 2.88 3.35 5.32Debt Equity Ratio 0.60 0.48 0.16 0.06Long Term Debt Equity Ratio 0.20 0.14 0.07 0.05Debt Coverage RatiosInterest Cover 0.52 2.35 5.06 3.43Total Debt to Owners Fund 0.60 0.48 0.16 0.06Financial Charges Coverage Ratio 0.60 2.54 4.84 3.23Financial Charges Coverage Ratio Post Tax 0.84 2.91 3.96 4.78Management Efficiency RatiosInventory Turnover Ratio 11.03 16.14 8.26 6.19Debtors Turnover Ratio 3.46 4.33 3.75 2.42Investments Turnover Ratio 11.03 16.14 8.26 6.19Fixed Assets Turnover Ratio 10.95 11.72 5.50 11.33Total Assets Turnover Ratio 0.74 0.78 0.46 0.28Asset Turnover Ratio 0.75 0.89 0.48 0.37Average Raw Material Holding -- -- 1,172.01 3.79Average Finished Goods Held -- -- 46.64 60.87Number of Days In Working Capital 250.54 311.64 472.82 818.26Profit & Loss Account RatiosMaterial Cost Composition 88.65 84.95 85.45 91.82Imported Composition of Raw Materials Consumed

-- -- -- --

Selling Distribution Cost Composition -- -- 8.78 13.17Expenses as Composition of Total Sales -- 0.14 -- 1.72Cash Flow Indicator RatiosDividend Payout Ratio Net Profit -- 29.61 30.40 40.86Dividend Payout Ratio Cash Profit -- 26.66 28.08 38.94Earning Retention Ratio -- 51.41 75.77 29.37Cash Earning Retention Ratio -- 58.88 77.27 34.92

AdjustedCash Flow Times -- 13.16 3.23 3.69

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Earnings Per Share -1.62 4.73 3.29 2.45Book Value 91.24 94.26 90.94 88.82

42.Key Financial Ratios of NMDC


Investment Valuation RatiosFace Value 1.00 1.00 1.00 1.00Dividend Per Share 8.50 7.00 4.50 3.30Operating Profit Per Share (Rs) 19.61 18.60 22.51 21.80Net Operating Profit Per Share (Rs) 30.41 27.00 28.41 28.68Free Reserves Per Share (Rs) -- -- -- --Bonus in Equity Capital 66.66 66.66 66.66 66.66Profitability RatiosOperating Profit Margin(%) 64.46 68.89 79.25 76.03Profit Before Interest And Tax Margin(%) 53.86 55.91 66.24 67.80Gross Profit Margin(%) 63.21 67.60 78.10 74.97Cash Profit Margin(%) 46.11 50.05 56.08 52.65Adjusted Cash Margin(%) 46.11 50.05 56.08 52.65Net Profit Margin(%) 45.36 49.00 54.71 51.69Adjusted Net Profit Margin(%) 45.36 49.00 54.71 51.69Return On Capital Employed(%) 32.40 34.44 44.30 50.62Return On Net Worth(%) 21.40 23.05 29.76 33.82Adjusted Return on Net Worth(%) 21.26 23.04 29.97 33.82Return on Assets Excluding Revaluations 75.64 69.39 61.56 48.46Return on Assets Including Revaluations 75.64 69.39 61.56 48.46Return on Long Term Funds(%) 32.40 34.44 44.30 50.62Liquidity And Solvency RatiosCurrent Ratio 16.52 7.73 10.58 10.24Quick Ratio 16.06 7.54 10.37 10.02Debt Equity Ratio -- -- -- --Long Term Debt Equity Ratio -- -- -- --Debt Coverage RatiosInterest Cover 5,252.61 717.84 7,305.73 6,442.25Total Debt to Owners Fund -- -- -- --Financial Charges Coverage Ratio 5,333.91 728.34 7,393.68 6,521.95Financial Charges Coverage Ratio Post Tax 3,552.62 491.98 4,998.00 4,384.82Management Efficiency RatiosInventory Turnover Ratio 17.70 16.79 24.54 27.37Debtors Turnover Ratio 9.53 11.77 18.43 24.92Investments Turnover Ratio 17.70 16.79 24.54 27.37

Fixed Assets Turnover Ratio 4.66 4.46 5.07 5.41Total Assets Turnover Ratio 0.40 0.39 0.46 0.59Asset Turnover Ratio 0.42 0.41 0.52 0.68Average Raw Material Holding -- -- -- --Average Finished Goods Held -- -- -- --Number of Days In Working Capital 680.29 752.56 676.67 549.11 740.36Profit & Loss Account RatiosMaterial Cost Composition 3.09 2.69 2.27 2.06Imported Composition of Raw Materials Consumed

-- -- -- --

Selling Distribution Cost Composition -- -- -- --Expenses as Composition of Total Sales -- -- -- --Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 52.49 43.75 24.55 20.13Dividend Payout Ratio Cash Profit 51.29 42.82 24.12 19.76Earning Retention Ratio 47.15 56.23 75.62 79.88Cash Earning Retention Ratio 48.37 57.17 76.05 80.24AdjustedCash Flow Times -- -- -- --



43.Key Financial Ratios of Cipla

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 2.00 2.00 2.00 2.00Dividend Per Share 2.00 2.00 2.00 2.80Operating Profit Per Share (Rs) 24.78 26.39 19.70 16.45Net Operating Profit Per Share (Rs) 116.83 102.16 86.90 78.85Free Reserves Per Share (Rs) -- -- -- --Bonus in Equity Capital 94.44 94.44 94.44 94.44Profitability RatiosOperating Profit Margin(%) 21.20 25.83 22.67 20.86Profit Before Interest And Tax Margin(%) 17.24 21.53 18.24 16.70Gross Profit Margin(%) 17.75 22.14 18.62 16.94Cash Profit Margin(%) 17.72 21.46 19.73 18.81Adjusted Cash Margin(%) 17.72 21.46 19.73 18.81Net Profit Margin(%) 14.37 17.87 15.77 14.95Adjusted Net Profit Margin(%) 14.37 17.87 15.77 14.95Return On Capital Employed(%) 17.74 20.79 19.14 16.50Return On Net Worth(%) 13.75 16.99 14.88 14.52Adjusted Return on Net Worth(%) 13.75 16.99 14.88 14.52

Return on Assets Excluding Revaluations 125.69 110.47 94.04 82.36Return on Assets Including Revaluations 125.69 110.47 94.04 82.36Return on Long Term Funds(%) 19.28 23.05 19.17 17.59Liquidity And Solvency RatiosCurrent Ratio 1.92 1.95 3.18 2.59Quick Ratio 1.50 1.68 1.95 2.06Debt Equity Ratio 0.09 0.11 -- 0.07Long Term Debt Equity Ratio -- -- -- --Debt Coverage RatiosInterest Cover 15.22 61.27 54.38 90.12Total Debt to Owners Fund 0.09 0.11 0.00 0.07Financial Charges Coverage Ratio 17.75 70.35 64.97 109.31Financial Charges Coverage Ratio Post Tax 14.39 55.23 53.80 94.53Management Efficiency RatiosInventory Turnover Ratio 3.74 3.50 3.82 3.36Debtors Turnover Ratio 5.56 5.18 4.63 4.15Investments Turnover Ratio 3.74 3.50 3.82 3.36Fixed Assets Turnover Ratio 1.74 1.65 1.62 1.61Total Assets Turnover Ratio 0.86 0.83 0.92 0.90Asset Turnover Ratio 0.90 0.94 0.95 0.98Average Raw Material Holding -- -- -- -- 113.47Average Finished Goods Held -- -- -- --Number of Days In Working Capital 143.66 166.55 175.71 201.12 190.01Profit & Loss Account RatiosMaterial Cost Composition 42.67 41.94 42.24 49.53Imported Composition of Raw Materials Consumed

53.16 39.71 38.68 41.02


Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


44.Key Financial Ratios of United Spirits

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share -- 2.50 2.50 2.50Operating Profit Per Share (Rs) -10.80 84.78 72.57 75.49Net Operating Profit Per Share (Rs) 586.03 656.38 576.68 488.32 392.45Free Reserves Per Share (Rs) -- -- -- 374.93 380.87Bonus in Equity Capital -- -- -- --Profitability RatiosOperating Profit Margin(%) -1.84 12.91 12.58 15.45Profit Before Interest And Tax Margin(%) -2.79 11.90 11.50 14.57Gross Profit Margin(%) -2.84 12.07 11.77 14.71Cash Profit Margin(%) -8.02 4.75 5.36 6.33Adjusted Cash Margin(%) -8.02 4.75 5.36 6.33Net Profit Margin(%) -58.88 3.68 4.44 5.97Adjusted Net Profit Margin(%) -58.88 3.68 4.44 5.97Return On Capital Employed(%) -1.10 11.91 11.43 11.49

Return On Net Worth(%)-

133.775.01 5.83 7.55

Adjusted Return on Net Worth(%) -20.47 5.35 6.01 7.06Return on Assets Excluding Revaluations 262.47 488.70 449.44 390.21 378.47Return on Assets Including Revaluations 262.47 488.70 449.44 390.21 378.47Return on Long Term Funds(%) -1.80 15.72 14.64 13.63Liquidity And Solvency RatiosCurrent Ratio 1.14 1.30 1.41 2.08Quick Ratio 3.00 2.69 2.81 4.39Debt Equity Ratio 1.22 0.53 0.59 0.71Long Term Debt Equity Ratio 0.36 0.16 0.24 0.44Debt Coverage RatiosInterest Cover -0.15 1.77 1.93 2.37Total Debt to Owners Fund 1.22 0.53 0.59 0.71Financial Charges Coverage Ratio -0.01 1.88 2.04 2.36Financial Charges Coverage Ratio Post Tax -7.18 1.60 1.73 1.97Management Efficiency RatiosInventory Turnover Ratio 5.55 6.50 5.19 12.53Debtors Turnover Ratio 4.89 5.63 6.73 6.71Investments Turnover Ratio 5.55 6.50 5.19 12.53Fixed Assets Turnover Ratio 5.17 5.58 5.21 5.41Total Assets Turnover Ratio 1.01 0.88 0.81 0.73Asset Turnover Ratio 0.93 0.90 0.84 0.75Average Raw Material Holding -- -- -- 21.76Average Finished Goods Held -- -- -- 21.03Number of Days In Working Capital 267.84 292.62 313.39 358.10 457.90Profit & Loss Account RatiosMaterial Cost Composition 62.04 58.16 62.36 60.62Imported Composition of Raw Materials Consumed

20.97 5.55 10.40 16.61

Selling Distribution Cost Composition -- -- -- 16.55Expenses as Composition of Total Sales 1.27 0.80 0.04 0.07Cash Flow Indicator RatiosDividend Payout Ratio Net Profit -- 10.19 9.53 8.48

Dividend Payout Ratio Cash Profit -- 8.32 8.10 7.54Earning Retention Ratio -- 90.46 90.76 90.94Cash Earning Retention Ratio -- 92.11 92.12 92.00AdjustedCash Flow Times -- 8.10 8.31 8.83

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Earnings Per Share-

351.1324.53 26.21 29.47

Book Value 262.47 488.70 449.44 390.21 381.05

45.Key Financial Ratios of Bharat Petroleum Corporation


Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share 17.00 11.00 11.00 14.00Operating Profit Per Share (Rs) 111.83 84.45 106.95 98.08Net Operating Profit Per Share (Rs) 3,596.55 3,320.72 5,863.02 4,194.24 3,325.12Free Reserves Per Share (Rs) -- -- -- -- 323.90Bonus in Equity Capital 88.30 88.30 76.61 76.61Profitability RatiosOperating Profit Margin(%) 3.10 2.54 1.82 2.33Profit Before Interest And Tax Margin(%) 2.23 1.72 0.92 1.23Gross Profit Margin(%) 2.24 1.74 0.93 1.24Cash Profit Margin(%) 2.41 1.88 1.49 2.08Adjusted Cash Margin(%) 2.41 1.88 1.49 2.08Net Profit Margin(%) 1.55 1.09 0.61 1.00Adjusted Net Profit Margin(%) 1.55 1.09 0.61 1.00Return On Capital Employed(%) 18.52 14.57 10.18 11.50Return On Net Worth(%) 20.86 15.88 8.79 11.00Adjusted Return on Net Worth(%) 20.86 15.88 8.79 11.00Return on Assets Excluding Revaluations 269.11 230.04 412.51 388.82 361.97Return on Assets Including Revaluations 269.11 230.04 412.51 388.82 361.97Return on Long Term Funds(%) 23.37 26.46 21.57 21.02Liquidity And Solvency RatiosCurrent Ratio 0.87 0.78 0.76 0.65Quick Ratio 0.59 0.71 0.71 0.45Debt Equity Ratio 1.03 1.42 1.42 1.17Long Term Debt Equity Ratio 0.61 0.33 0.14 0.19Debt Coverage RatiosInterest Cover 5.38 3.21 2.05 3.14Total Debt to Owners Fund 1.03 1.42 1.42 1.17Financial Charges Coverage Ratio 7.03 4.27 3.09 4.63

Financial Charges Coverage Ratio Post Tax 5.64 3.50 2.78 3.87Management Efficiency RatiosInventory Turnover Ratio 13.64 14.39 13.29 9.86Debtors Turnover Ratio 64.17 46.16 47.58 58.38Investments Turnover Ratio 13.64 14.39 13.29 9.86Fixed Assets Turnover Ratio 6.85 7.17 6.72 5.19Total Assets Turnover Ratio 6.60 5.98 5.87 4.98Asset Turnover Ratio 6.53 6.29 6.36 4.61Average Raw Material Holding -- -- -- --Average Finished Goods Held -- -- -- --Number of Days In Working Capital -5.66 2.56 -0.84 -5.69Profit & Loss Account RatiosMaterial Cost Composition 92.41 93.09 93.37 93.00Imported Composition of Raw Materials Consumed

77.73 81.84 80.73 74.91




46.Key Financial Ratios of Bank Of Baroda

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share 21.50 21.50 17.00 16.50Operating Profit Per Share (Rs) 120.47 134.58 132.20 112.77 106.39Net Operating Profit Per Share (Rs) 906.81 835.52 721.77 558.96 524.75Free Reserves Per Share (Rs) -- -- -- --Bonus in Equity Capital -- -- -- --Profitability RatiosInterest Spread 5.35 5.95 5.59 5.58Adjusted Cash Margin(%) 11.25 12.31 15.96 18.16Net Profit Margin 10.46 11.54 15.12 17.17Return on Long Term Fund(%) 90.23 89.81 92.37 89.02Return on Net Worth(%) 12.61 14.01 18.22 20.15

Adjusted Return on Net Worth(%) 12.61 14.01 18.22 20.15Return on Assets Excluding Revaluations 838.02 758.91 668.34 537.45 414.71Return on Assets Including Revaluations 838.02 758.91 668.34 537.45 414.71Management Efficiency RatiosInterest Income / Total Funds 6.45 7.08 7.37 6.87Net Interest Income / Total Funds -- 2.28 2.56 2.76Non Interest Income / Total Funds 0.74 0.73 0.85 0.88Interest Expended / Total Funds -- 4.80 4.80 4.11Operating Expense / Total Funds -- 1.14 1.21 1.38Profit Before Provisions / Total Funds 1.54 1.81 2.13 2.19Net Profit / Total Funds -- 0.90 1.24 1.33Loans Turnover 0.11 0.11 0.12 0.11Total Income / Capital Employed(%) 7.19 7.81 8.22 7.76Interest Expended / Capital Employed(%) -- 4.80 4.80 4.11Total Assets Turnover Ratios 0.06 0.07 0.07 0.07Asset Turnover Ratio 0.07 0.07 0.08 0.07Profit And Loss Account RatiosInterest Expended / Interest Earned 69.27 67.85 65.23 59.78Other Income / Total Income 10.28 9.35 10.34 11.38Operating Expense / Total Income -- 14.54 14.75 17.76Selling Distribution Cost Composition -- -- -- --Balance Sheet RatiosCapital Adequacy Ratio 12.28 13.30 14.67 14.52Advances / Loans Funds(%) 71.78 72.22 78.07 78.56Debt Coverage RatiosCredit Deposit Ratio 69.54 71.68 74.76 73.87Investment Deposit Ratio 22.78 23.83 22.40 24.26Cash Deposit Ratio 3.08 4.09 6.01 6.11Total Debt to Owners Fund 15.81 14.82 14.01 14.51Financial Charges Coverage Ratio 0.36 0.39 0.46 0.55Financial Charges Coverage Ratio Post Tax 1.18 1.20 1.27 1.34Leverage RatiosCurrent Ratio 0.02 0.02 0.03 0.02Quick Ratio 24.05 23.90 28.00 26.51Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 20.33 20.21 13.86 15.23Dividend Payout Ratio Cash Profit 18.89 18.94 13.14 14.40Earning Retention Ratio 79.67 79.79 86.14 84.77Cash Earning Retention Ratio 81.11 81.06 86.86 85.60AdjustedCash Flow Times 116.43 99.11 72.84 68.11

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


47.Key Financial Ratios of Dabur India

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 1.00 1.00 1.00 1.00Dividend Per Share 1.75 1.50 1.30 1.15Operating Profit Per Share (Rs) 4.74 4.33 3.79 3.59Net Operating Profit Per Share (Rs) 27.93 24.95 21.58 18.81Free Reserves Per Share (Rs) -- -- 5.41 4.02Bonus in Equity Capital 93.24 93.29 93.34 93.41Profitability RatiosOperating Profit Margin(%) 16.95 17.34 17.54 19.06Profit Before Interest And Tax Margin(%) 15.49 15.35 16.36 17.76Gross Profit Margin(%) 15.84 15.66 16.56 17.91Cash Profit Margin(%) 14.59 14.97 14.90 15.58Adjusted Cash Margin(%) 14.59 14.97 14.90 15.58Net Profit Margin(%) 13.49 13.32 12.17 14.27Adjusted Net Profit Margin(%) 13.49 13.32 12.17 14.27Return On Capital Employed(%) 45.27 41.82 40.51 44.16Return On Net Worth(%) 35.33 37.05 37.09 46.29Adjusted Return on Net Worth(%) 35.36 37.05 40.13 45.21Return on Assets Excluding Revaluations 10.91 9.15 7.17 5.85Return on Assets Including Revaluations 10.91 9.15 7.17 5.85Return on Long Term Funds(%) 46.33 48.13 43.91 53.79Liquidity And Solvency RatiosCurrent Ratio 1.08 1.17 1.15 0.99Quick Ratio 0.66 0.97 0.85 0.78Debt Equity Ratio 0.02 0.15 0.21 0.23Long Term Debt Equity Ratio -- -- 0.12 0.01Debt Coverage RatiosInterest Cover 45.55 41.74 53.91 56.06Total Debt to Owners Fund 0.02 0.15 0.21 0.23Financial Charges Coverage Ratio 48.34 45.72 52.55 50.47Financial Charges Coverage Ratio Post Tax 38.52 37.10 40.49 41.66Management Efficiency RatiosInventory Turnover Ratio 8.72 8.70 7.19 8.65Debtors Turnover Ratio 16.84 18.14 17.62 19.67Investments Turnover Ratio 8.72 8.70 7.19 8.65Fixed Assets Turnover Ratio 4.84 4.70 4.38 4.39Total Assets Turnover Ratio 2.52 2.39 2.43 2.46Asset Turnover Ratio 2.57 2.55 2.57 2.96Average Raw Material Holding -- -- 86.17 63.26Average Finished Goods Held -- -- 28.16 29.32Number of Days In Working Capital 10.91 20.33 36.65 28.98Profit & Loss Account RatiosMaterial Cost Composition 53.20 52.92 55.67 53.15Imported Composition of Raw Materials Consumed

0.86 1.47 0.91 0.93

Selling Distribution Cost Composition -- -- 13.44 14.89

Expenses as Composition of Total Sales 4.51 5.47 4.44 4.09Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 45.40 44.23 48.88 42.46Dividend Payout Ratio Cash Profit 42.03 39.36 42.80 38.07Earning Retention Ratio 54.65 55.77 54.82 56.53Cash Earning Retention Ratio 58.01 60.64 60.07 61.11AdjustedCash Flow Times 0.06 0.36 0.48 0.49

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


48.Key Financial Ratios of IndusInd Bank

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share 3.50 3.00 2.20 2.00Operating Profit Per Share (Rs) 15.29 10.52 18.76 15.33Net Operating Profit Per Share (Rs) 157.08 133.60 127.11 86.65Free Reserves Per Share (Rs) -- -- 71.53 61.43Bonus in Equity Capital -- -- -- --Profitability RatiosInterest Spread 7.85 8.28 5.34 6.42Adjusted Cash Margin(%) 14.84 13.59 13.76 14.90Net Profit Margin 13.88 -- 12.59 13.43Return on Long Term Fund(%) 82.94 83.03 107.43 81.10 110.36Return on Net Worth(%) 15.58 13.92 17.79 15.12Adjusted Return on Net Worth(%) 15.58 13.92 17.77 15.20Return on Assets Excluding Revaluations 171.89 145.78 96.50 81.95Return on Assets Including Revaluations 171.89 145.78 101.19 86.79Management Efficiency RatiosInterest Income / Total Funds 10.30 10.69 11.56 10.02Net Interest Income / Total Funds -- 3.42 4.45 4.53Non Interest Income / Total Funds 2.36 2.09 0.83 0.65Interest Expended / Total Funds -- 7.27 7.11 5.49Operating Expense / Total Funds -- 2.58 2.74 2.75Profit Before Provisions / Total Funds 3.24 2.82 2.40 2.27Net Profit / Total Funds -- 1.62 1.56 1.43Loans Turnover 0.30 0.40 0.19 0.17Total Income / Capital Employed(%) 12.65 12.77 12.40 10.67Interest Expended / Capital Employed(%) -- 7.27 7.11 5.49Total Assets Turnover Ratios 0.10 0.11 0.12 0.10

Asset Turnover Ratio 0.11 0.11 0.12 0.10Profit And Loss Account RatiosInterest Expended / Interest Earned 64.98 68.03 68.20 61.65Other Income / Total Income 18.64 16.33 6.73 6.10Operating Expense / Total Income -- 20.16 22.14 25.81Selling Distribution Cost Composition -- -- 0.27 0.40Balance Sheet RatiosCapital Adequacy Ratio 13.83 15.36 13.85 15.89Advances / Loans Funds(%) 79.37 -- 77.12 73.15Debt Coverage RatiosCredit Deposit Ratio 48.07 36.34 79.80 76.49Investment Deposit Ratio 35.96 35.48 36.65 39.22Cash Deposit Ratio 6.69 6.38 6.99 7.46Total Debt to Owners Fund 6.70 7.10 9.39 9.00Financial Charges Coverage Ratio 0.50 0.40 0.36 0.44Financial Charges Coverage Ratio Post Tax 1.28 1.02 1.24 1.29Leverage RatiosCurrent Ratio 0.04 0.03 0.04 0.04Quick Ratio 22.84 23.48 21.94 17.65Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 13.07 -- 12.81 16.14Dividend Payout Ratio Cash Profit 12.22 213.91 11.72 14.61Earning Retention Ratio 86.93 -- 87.18 83.94Cash Earning Retention Ratio 87.78 86.16 88.27 85.45AdjustedCash Flow Times 40.17 47.70 48.30 53.63

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Earnings Per Share -- 20.30 17.17 12.39Book Value -- 145.78 96.50 81.95

49.Key Financial Ratios of Cairn India


Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share 12.50 11.50 -- --Operating Profit Per Share (Rs) 37.02 35.98 -0.34 -0.62Net Operating Profit Per Share (Rs) 52.04 48.17 0.05 0.01Free Reserves Per Share (Rs) -- -- 157.06 156.97 158.11Bonus in Equity Capital -- -- -- --Profitability RatiosOperating Profit Margin(%) 71.13 74.70 -746.55 -4,955.87 -5,218.17Profit Before Interest And Tax Margin(%) 49.70 58.52 -75.36 -125.46 -110.06Gross Profit Margin(%) 59.23 64.25 -746.99 -4,957.13 -5,219.74

Cash Profit Margin(%) 73.00 73.68 -117.28 -225.30 -58.65Adjusted Cash Margin(%) 73.00 73.68 -117.28 -225.30 -58.65Net Profit Margin(%) 63.01 145.99 50.42 -224.81 -45.38Adjusted Net Profit Margin(%) 63.01 145.99 50.42 -224.81 -45.38Return On Capital Employed(%) 20.06 20.02 0.03 -0.07Return On Net Worth(%) 19.22 43.35 0.13 -0.66Adjusted Return on Net Worth(%) 19.22 19.05 -0.32 -0.67Return on Assets Excluding Revaluations 203.28 178.08 167.35 167.26 168.11Return on Assets Including Revaluations 203.28 178.08 167.35 167.26 168.11Return on Long Term Funds(%) 20.06 20.02 0.03 -0.07Liquidity And Solvency RatiosCurrent Ratio 1.26 1.21 0.40 4.38Quick Ratio 1.23 1.19 0.39 4.37Debt Equity Ratio -- -- -- 0.04Long Term Debt Equity Ratio -- -- -- 0.04Debt Coverage RatiosInterest Cover 1,206.50 102.57 0.12 -0.15Total Debt to Owners Fund -- -- -- 0.04Financial Charges Coverage Ratio 1,389.71 117.05 0.11 -0.14Financial Charges Coverage Ratio Post Tax 1,339.93 237.54 1.39 -0.14Management Efficiency RatiosInventory Turnover Ratio 60.81 85.96 -- --Debtors Turnover Ratio 7.44 15.73 27.48 2.75Investments Turnover Ratio 60.81 85.96 -- 0.83Fixed Assets Turnover Ratio 0.98 2.23 -- --Total Assets Turnover Ratio 0.26 0.27 -- --Asset Turnover Ratio 0.27 0.28 0.00 --Average Raw Material Holding -- -- -- --Average Finished Goods Held -- -- -- --Number of Days In Working Capital 52.05 34.97 -33,225.34 85,584.82 14,429.30Profit & Loss Account RatiosMaterial Cost Composition -- -- -- --Imported Composition of Raw Materials Consumed

-- -- -- --

Selling Distribution Cost Composition -- -- 44.18 87.20Expenses as Composition of Total Sales 100.00 100.65 100.00 100.00 100.02Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 32.01 14.89 -- --Dividend Payout Ratio Cash Profit 27.63 13.98 -- --Earning Retention Ratio 67.99 66.11 100.00 --Cash Earning Retention Ratio 72.37 70.49 100.00 --AdjustedCash Flow Times -- -- -- --


Earnings Per Share 39.08 77.20 0.23 -1.12Book Value 203.28 178.08 167.35 167.28 168.11


Eicher Motors


Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share 30.00 20.00 16.00 11.00Operating Profit Per Share (Rs) 116.03 53.86 29.75 16.63Net Operating Profit Per Share (Rs) 629.64 388.60 248.10 164.07 298.97Free Reserves Per Share (Rs) -- -- 189.46 158.91 295.53Bonus in Equity Capital -- -- -- --Profitability RatiosOperating Profit Margin(%) 18.42 13.86 11.98 10.13Profit Before Interest And Tax Margin(%) 15.89 11.71 9.36 7.09Gross Profit Margin(%) 16.64 12.22 10.04 7.69Cash Profit Margin(%) 17.33 14.78 15.29 14.27Adjusted Cash Margin(%) 17.33 14.78 15.29 14.27Net Profit Margin(%) 15.63 13.21 17.33 15.73Adjusted Net Profit Margin(%) 15.63 13.21 17.33 15.73Return On Capital Employed(%) 44.03 26.81 20.85 15.05Return On Net Worth(%) 33.92 23.01 23.06 16.51Adjusted Return on Net Worth(%) 33.92 23.01 17.93 12.61Return on Assets Excluding Revaluations 303.76 232.97 200.07 169.53 306.85Return on Assets Including Revaluations 303.76 232.97 200.07 169.53 306.85Return on Long Term Funds(%) 44.24 27.67 21.37 15.52Liquidity And Solvency RatiosCurrent Ratio 0.47 0.43 0.56 0.52Quick Ratio 0.26 0.27 0.40 0.41Debt Equity Ratio -- 0.03 0.03 0.04Long Term Debt Equity Ratio -- -- 0.01 0.01Debt Coverage RatiosInterest Cover 1,346.00 669.46 57.51 27.77 112.52Total Debt to Owners Fund 0.00 0.03 0.03 0.04Financial Charges Coverage Ratio 1,458.63 735.42 63.96 31.96 136.57Financial Charges Coverage Ratio Post Tax 1,145.56 623.73 69.10 34.55 114.40Management Efficiency RatiosInventory Turnover Ratio 11.84 13.91 17.16 17.97Debtors Turnover Ratio 185.76 203.74 173.05 100.11Investments Turnover Ratio 11.84 13.91 17.16 17.97Fixed Assets Turnover Ratio 4.33 4.87 3.47 3.12Total Assets Turnover Ratio 2.09 1.63 1.24 0.97Asset Turnover Ratio 2.31 1.74 1.30 1.00Average Raw Material Holding -- -- 12.98 18.21Average Finished Goods Held -- -- 14.54 9.96Number of Days In Working Capital -72.67 -69.06 -46.06 -52.66Profit & Loss Account RatiosMaterial Cost Composition 66.43 68.78 70.49 68.06Imported Composition of Raw Materials Consumed

5.31 1.50 1.92 1.24




51.Key Financial Ratios of Motherson Sumi Systems

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 1.00 1.00 1.00 1.00Dividend Per Share 2.50 2.00 2.25 2.75Operating Profit Per Share (Rs) 9.58 12.88 14.74 11.29Net Operating Profit Per Share (Rs) 51.30 73.21 92.16 73.03Free Reserves Per Share (Rs) -- -- 27.23 21.81Bonus in Equity Capital 87.60 81.41 72.87 72.95Profitability RatiosOperating Profit Margin(%) 18.67 17.58 15.99 15.45Profit Before Interest And Tax Margin(%) 14.93 13.91 12.41 12.35Gross Profit Margin(%) 15.29 14.21 12.71 12.52Cash Profit Margin(%) 14.85 13.98 12.85 11.78Adjusted Cash Margin(%) 14.85 13.98 12.85 11.78Net Profit Margin(%) 11.55 10.68 8.67 10.01Adjusted Net Profit Margin(%) 11.55 10.68 8.67 10.01Return On Capital Employed(%) 31.70 28.58 25.23 21.92Return On Net Worth(%) 28.08 28.91 24.80 28.51Adjusted Return on Net Worth(%) 28.08 28.91 27.62 25.32Return on Assets Excluding Revaluations 21.61 27.62 32.91 26.01Return on Assets Including Revaluations 21.61 27.62 33.16 26.07Return on Long Term Funds(%) 34.37 32.95 31.52 28.11Liquidity And Solvency RatiosCurrent Ratio 1.04 0.89 0.73 0.73Quick Ratio 0.91 0.90 0.90 0.96Debt Equity Ratio 0.32 0.51 0.68 0.79Long Term Debt Equity Ratio 0.22 0.31 0.34 0.39Debt Coverage RatiosInterest Cover 19.19 13.14 9.04 12.33

Total Debt to Owners Fund 0.32 0.51 0.68 0.79Financial Charges Coverage Ratio 22.86 15.86 9.45 14.72Financial Charges Coverage Ratio Post Tax 17.50 12.49 7.24 12.41Management Efficiency RatiosInventory Turnover Ratio 8.04 7.94 8.37 7.24Debtors Turnover Ratio 8.07 7.90 8.00 9.73Investments Turnover Ratio 8.04 7.94 8.37 7.24Fixed Assets Turnover Ratio 1.90 1.93 1.88 2.04Total Assets Turnover Ratio 1.79 1.75 1.67 1.57Asset Turnover Ratio 1.82 1.87 1.81 1.93Average Raw Material Holding -- -- 50.54 45.83Average Finished Goods Held -- -- 7.22 15.70Number of Days In Working Capital 36.43 38.80 41.03 54.71Profit & Loss Account RatiosMaterial Cost Composition 56.96 60.95 61.57 64.59Imported Composition of Raw Materials Consumed

65.01 54.45 56.35 58.05


Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


52.Key Financial Ratios of Power Finance Corporation


Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share 9.00 7.00 6.00 5.00Operating Profit Per Share (Rs) 157.17 128.35 96.58 87.13Net Operating Profit Per Share (Rs) 163.04 130.76 98.60 88.25Free Reserves Per Share (Rs) -- -- -- 63.13Bonus in Equity Capital -- -- -- --Profitability RatiosOperating Profit Margin(%) 96.39 98.16 97.95 98.74Profit Before Interest And Tax Margin(%) 96.30 98.05 97.74 98.40

Gross Profit Margin(%) 96.37 98.12 97.90 98.69Cash Profit Margin(%) 25.17 25.56 23.28 26.16Adjusted Cash Margin(%) 25.17 25.56 23.28 26.16Net Profit Margin(%) 25.15 25.58 23.25 25.78Adjusted Net Profit Margin(%) 25.15 25.58 23.25 25.78Return On Capital Employed(%) 12.12 10.35 9.75 9.88Return On Net Worth(%) 19.79 18.37 14.64 16.75Adjusted Return on Net Worth(%) 19.79 18.33 14.63 16.83Return on Assets Excluding Revaluations 207.38 182.23 156.88 136.21 121.32Return on Assets Including Revaluations 207.38 182.23 156.88 136.21 121.32Return on Long Term Funds(%) 12.21 10.94 10.95 10.53Liquidity And Solvency RatiosCurrent Ratio 7.97 10.69 7.13 10.76Quick Ratio 8.43 27.44 28.56 30.56Debt Equity Ratio 5.25 5.80 5.32 5.48Long Term Debt Equity Ratio 5.21 5.44 4.63 5.14Debt Coverage RatiosInterest Cover 1.57 1.54 1.47 1.57Total Debt to Owners Fund 5.25 5.80 5.32 5.48Financial Charges Coverage Ratio 1.57 1.54 1.47 1.56Financial Charges Coverage Ratio Post Tax 1.41 1.40 1.35 1.41Management Efficiency RatiosInventory Turnover Ratio -- -- -- --Debtors Turnover Ratio -- -- -- --Investments Turnover Ratio -- -- -- --Fixed Assets Turnover Ratio -- -- -- --Total Assets Turnover Ratio -- -- -- --Asset Turnover Ratio 0.13 0.12 0.11 0.11Average Raw Material Holding -- -- -- --Average Finished Goods Held -- -- -- --Number of Days In Working Capital 2,519.08 3,365.74 3,573.06 3,644.20 3,640.75Profit & Loss Account RatiosMaterial Cost Composition -- -- -- --Imported Composition of Raw Materials Consumed

-- -- -- --

Selling Distribution Cost Composition -- -- -- 0.06Expenses as Composition of Total Sales -- -- -- --Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 21.92 20.90 26.12 22.89Dividend Payout Ratio Cash Profit 21.90 20.88 26.07 22.66Earning Retention Ratio 78.08 79.06 73.88 77.22Cash Earning Retention Ratio 78.10 79.08 73.92 77.45AdjustedCash Flow Times 26.52 31.60 36.27 32.20




Ambuja Cements

Dec '13

Dec '12 Dec '11 Dec '10 Dec '09

Investment Valuation RatiosFace Value 2.00 2.00 2.00 2.00Dividend Per Share 3.60 3.60 3.20 2.60Operating Profit Per Share (Rs) 10.68 16.04 12.88 12.14Net Operating Profit Per Share (Rs) 59.26 63.09 55.75 48.18Free Reserves Per Share (Rs) -- -- -- 44.95Bonus in Equity Capital 62.95 63.10 63.42 63.61Profitability RatiosOperating Profit Margin(%) 18.02 25.41 23.11 25.18Profit Before Interest And Tax Margin(%) 12.14 18.92 17.40 19.59Gross Profit Margin(%) 12.67 19.60 17.90 19.93Cash Profit Margin(%) 18.41 21.24 19.29 20.01Adjusted Cash Margin(%) 18.41 21.24 19.29 20.01Net Profit Margin(%) 13.55 12.86 13.96 16.84Adjusted Net Profit Margin(%) 13.55 12.86 13.96 16.84Return On Capital Employed(%) 16.33 25.52 21.93 21.60Return On Net Worth(%) 13.64 14.73 15.22 17.24Adjusted Return on Net Worth(%) 13.38 17.90 15.52 15.19Return on Assets Excluding Revaluations 61.36 57.09 52.59 47.90Return on Assets Including Revaluations 61.36 57.09 52.59 47.90Return on Long Term Funds(%) 16.33 25.52 21.93 21.63Liquidity And Solvency RatiosCurrent Ratio 1.28 1.22 1.17 1.07Quick Ratio 1.01 0.95 0.90 0.75Debt Equity Ratio -- -- 0.01 0.01Long Term Debt Equity Ratio -- -- 0.01 0.01Debt Coverage RatiosInterest Cover 23.88 29.83 33.82 32.82Total Debt to Owners Fund 0.00 0.00 0.01 0.01Financial Charges Coverage Ratio 31.41 37.30 42.27 40.78Financial Charges Coverage Ratio Post Tax 28.42 25.61 32.81 34.92Management Efficiency RatiosInventory Turnover Ratio 9.81 9.89 9.25 9.19Debtors Turnover Ratio 41.18 42.84 46.36 52.58Investments Turnover Ratio 9.81 9.89 9.25 9.19Fixed Assets Turnover Ratio 0.85 0.96 0.89 0.85Total Assets Turnover Ratio 0.96 1.10 1.05 1.01Asset Turnover Ratio 1.00 1.15 1.10 1.05Average Raw Material Holding -- -- -- 19.91Average Finished Goods Held -- -- -- 6.05Number of Days In Working Capital 49.02 49.13 50.84 10.27 -12.58Profit & Loss Account RatiosMaterial Cost Composition 14.86 13.74 13.67 20.01Imported Composition of Raw Materials 13.88 14.46 12.18 9.16

ConsumedSelling Distribution Cost Composition -- -- -- 20.25Expenses as Composition of Total Sales 0.63 0.33 0.93 1.33Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 42.97 42.77 39.93 31.43Dividend Payout Ratio Cash Profit 31.17 29.79 29.31 24.05Earning Retention Ratio 56.19 64.81 60.85 64.33Cash Earning Retention Ratio 68.39 74.10 71.11 73.54AdjustedCash Flow Times 0.02 0.02 0.03 0.04

Dec '13

Dec '12 Dec '11 Dec '10 Dec '09


54.Key Financial Ratios of Punjab National Bank


Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share 10.00 27.00 22.00 22.00Operating Profit Per Share (Rs) 197.76 198.32 197.65 179.88 191.63Net Operating Profit Per Share (Rs) 1,193.78 1,185.19 1,074.01 851.81 777.82Free Reserves Per Share (Rs) -- -- -- --Bonus in Equity Capital -- -- -- --Profitability RatiosInterest Spread 6.95 7.29 6.87 6.74Adjusted Cash Margin(%) 7.73 10.98 12.74 15.32Net Profit Margin 6.99 -- 12.02 14.48Return on Long Term Fund(%) 88.50 97.26 108.02 101.08 116.11Return on Net Worth(%) 9.31 14.52 17.55 20.61Adjusted Return on Net Worth(%) 9.31 14.52 17.55 20.61Return on Assets Excluding Revaluations 991.39 924.45 820.13 678.91 514.77Return on Assets Including Revaluations 991.39 924.45 820.13 678.91 562.09Management Efficiency RatiosInterest Income / Total Funds 8.40 8.96 8.71 8.01Net Interest Income / Total Funds -- 3.18 3.21 3.51Non Interest Income / Total Funds 0.89 0.90 1.00 1.07Interest Expended / Total Funds -- 5.78 5.50 4.51Operating Expense / Total Funds -- 1.68 1.60 1.81Profit Before Provisions / Total Funds 2.21 2.33 2.54 2.69Net Profit / Total Funds -- 1.01 1.17 1.32Loans Turnover 0.25 0.29 0.14 0.13Total Income / Capital Employed(%) 9.29 9.86 9.71 9.09

Interest Expended / Capital Employed(%) -- 5.78 5.50 4.51Total Assets Turnover Ratios 0.08 0.09 0.09 0.08Asset Turnover Ratio 0.09 0.09 0.09 0.08Profit And Loss Account RatiosInterest Expended / Interest Earned 62.65 64.54 63.18 56.25Other Income / Total Income 9.57 9.14 10.34 11.81Operating Expense / Total Income -- 17.02 16.52 19.96Selling Distribution Cost Composition -- -- -- --Balance Sheet RatiosCapital Adequacy Ratio 12.29 12.72 12.63 12.42Advances / Loans Funds(%) 75.06 -- 77.17 78.98Debt Coverage RatiosCredit Deposit Ratio 41.43 38.10 77.39 76.25Investment Deposit Ratio 32.47 32.75 31.45 30.75Cash Deposit Ratio 4.76 4.72 6.10 7.49Total Debt to Owners Fund 12.58 11.98 13.65 14.55Financial Charges Coverage Ratio 0.43 0.42 0.47 0.61Financial Charges Coverage Ratio Post Tax 1.14 1.01 1.22 1.31Leverage RatiosCurrent Ratio 0.02 0.02 0.02 0.03Quick Ratio 25.19 22.40 23.81 22.24Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 10.83 -- 15.27 15.72Dividend Payout Ratio Cash Profit 9.79 299.64 14.41 14.86Earning Retention Ratio 89.17 -- 84.73 84.28Cash Earning Retention Ratio 90.21 81.17 85.59 85.14AdjustedCash Flow Times 122.17 77.29 73.33 66.73


Earnings Per Share -- 134.31 144.00 139.94 123.86Book Value -- 924.45 820.13 678.91 514.77

55.Key Financial Ratios of Tata Steel

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share 10.00 8.00 12.00 12.00Operating Profit Per Share (Rs) 131.97 114.56 118.79 119.71 100.38Net Operating Profit Per Share (Rs) 429.47 393.32 349.39 306.46 281.11Free Reserves Per Share (Rs) -- -- -- -- 392.98Bonus in Equity Capital 26.04 26.04 26.04 26.36Profitability RatiosOperating Profit Margin(%) 30.72 29.12 33.99 39.06

Profit Before Interest And Tax Margin(%) 25.62 24.25 29.82 34.54Gross Profit Margin(%) 26.10 24.83 30.60 35.16Cash Profit Margin(%) 19.95 18.86 21.07 24.60Adjusted Cash Margin(%) 19.95 18.86 21.07 24.60Net Profit Margin(%) 15.08 12.94 19.23 22.94Adjusted Net Profit Margin(%) 15.08 12.94 19.23 22.94Return On Capital Employed(%) 13.37 12.80 14.77 14.86Return On Net Worth(%) 10.48 9.17 12.72 14.68Adjusted Return on Net Worth(%) 10.71 10.39 11.75 13.29Return on Assets Excluding Revaluations 629.60 568.46 541.81 487.55 418.94Return on Assets Including Revaluations 629.60 568.46 541.81 487.55 418.94Return on Long Term Funds(%) 13.38 12.81 14.78 14.93Liquidity And Solvency RatiosCurrent Ratio 0.57 0.86 0.93 1.53Quick Ratio 0.32 0.61 0.69 1.31Debt Equity Ratio 0.43 0.47 0.45 0.56Long Term Debt Equity Ratio 0.43 0.47 0.45 0.56Debt Coverage RatiosInterest Cover 6.41 5.53 5.85 6.26Total Debt to Owners Fund 0.43 0.47 0.45 0.56Financial Charges Coverage Ratio 7.47 6.41 6.45 6.92Financial Charges Coverage Ratio Post Tax 5.58 4.57 5.08 5.62Management Efficiency RatiosInventory Turnover Ratio 6.94 7.27 6.98 7.44Debtors Turnover Ratio 53.21 44.91 51.10 68.46Investments Turnover Ratio 6.94 7.27 6.98 7.44Fixed Assets Turnover Ratio 1.07 1.01 1.48 1.32Total Assets Turnover Ratio 0.48 0.47 0.45 0.40Asset Turnover Ratio 0.50 0.49 0.45 0.43Average Raw Material Holding -- -- -- --Average Finished Goods Held -- -- -- --Number of Days In Working Capital -75.30 -17.74 -10.22 123.01Profit & Loss Account RatiosMaterial Cost Composition 30.30 32.51 29.22 26.67Imported Composition of Raw Materials Consumed

53.50 57.76 60.55 60.95


Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


Book Value 629.60 568.46 541.81 487.55 418.94

56.Key Financial Ratios of Godrej Consumer Products

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 1.00 1.00 1.00 1.00Dividend Per Share 5.25 5.00 4.75 4.50Operating Profit Per Share (Rs) 21.95 18.51 16.87 14.10Net Operating Profit Per Share (Rs) 119.86 105.22 87.43 73.99Free Reserves Per Share (Rs) -- -- 72.86 46.12Bonus in Equity Capital -- -- -- --Profitability RatiosOperating Profit Margin(%) 18.31 17.59 19.29 19.05Profit Before Interest And Tax Margin(%) 17.27 16.46 18.07 17.55Gross Profit Margin(%) 17.43 16.69 18.42 18.13Cash Profit Margin(%) 14.57 14.95 15.14 17.17Adjusted Cash Margin(%) 14.57 14.95 15.14 17.17Net Profit Margin(%) 13.71 14.06 19.93 17.58Adjusted Net Profit Margin(%) 13.71 14.06 19.93 17.58Return On Capital Employed(%) 24.84 21.45 21.90 28.43Return On Net Worth(%) 18.67 18.50 23.94 28.36Adjusted Return on Net Worth(%) 18.67 18.50 17.17 26.27Return on Assets Excluding Revaluations 88.85 81.13 74.17 47.40Return on Assets Including Revaluations 88.85 81.13 74.17 47.40Return on Long Term Funds(%) 24.84 21.46 21.92 28.59Liquidity And Solvency RatiosCurrent Ratio 0.73 1.28 1.37 1.32Quick Ratio 0.39 0.78 0.84 0.81Debt Equity Ratio -- 0.09 0.09 0.18Long Term Debt Equity Ratio -- 0.09 0.09 0.17Debt Coverage RatiosInterest Cover 19.51 41.86 429.07 82.78 216.85Total Debt to Owners Fund 0.00 0.09 0.09 0.18Financial Charges Coverage Ratio 20.43 43.95 37.19 61.06Financial Charges Coverage Ratio Post Tax 16.59 36.07 38.16 53.09Management Efficiency RatiosInventory Turnover Ratio 8.27 6.68 7.26 8.20Debtors Turnover Ratio 31.22 33.10 30.12 35.10Investments Turnover Ratio 8.27 6.68 7.26 8.20Fixed Assets Turnover Ratio 8.79 8.28 7.48 6.09Total Assets Turnover Ratio 1.89 1.70 1.77 3.24Asset Turnover Ratio 1.35 1.24 1.30 1.81Average Raw Material Holding -- -- 58.69 45.82Average Finished Goods Held -- -- 41.81 34.98Number of Days In Working Capital -35.37 31.24 39.13 32.16


14.02 20.73 23.45 16.17


Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


57.Key Financial Ratios of Zee Entertainment Enterprises

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 1.00 1.00 1.00 1.00Dividend Per Share 2.00 2.00 1.50 2.00Operating Profit Per Share (Rs) 10.74 9.04 6.63 8.09Net Operating Profit Per Share (Rs) 32.02 26.90 22.99 22.19Free Reserves Per Share (Rs) -- -- 30.22 28.69Bonus in Equity Capital 49.42 49.73 49.97 50.00Profitability RatiosOperating Profit Margin(%) 33.53 33.60 28.82 36.47Profit Before Interest And Tax Margin(%) 30.60 31.07 26.66 34.68Gross Profit Margin(%) 32.43 32.51 27.84 35.70Cash Profit Margin(%) 24.72 24.90 21.48 26.14Adjusted Cash Margin(%) 24.72 24.90 21.48 26.14Net Profit Margin(%) 23.68 23.86 21.27 25.80Adjusted Net Profit Margin(%) 23.68 23.86 21.27 25.80Return On Capital Employed(%) 29.78 28.41 23.74 28.86Return On Net Worth(%) 39.14 19.10 16.35 19.85Adjusted Return on Net Worth(%) 39.14 19.10 15.78 19.53Return on Assets Excluding Revaluations 20.31 35.15 31.24 29.69Return on Assets Including Revaluations 20.31 35.15 31.24 29.69Return on Long Term Funds(%) 29.78 28.41 23.74 28.86Liquidity And Solvency Ratios

Current Ratio 4.48 4.22 4.14 3.71Quick Ratio 2.96 2.70 2.25 2.03Debt Equity Ratio 1.03 -- -- --Long Term Debt Equity Ratio 1.03 -- -- --Debt Coverage RatiosInterest Cover 164.19 733.23 1,422.60 254.71Total Debt to Owners Fund 1.03 0.00 0.00 0.00Financial Charges Coverage Ratio 168.89 754.77 1,465.60 254.06Financial Charges Coverage Ratio Post Tax 112.96 515.38 1,023.40 177.22Management Efficiency RatiosInventory Turnover Ratio 2.75 2.68 2.22 1.97Debtors Turnover Ratio 4.06 3.72 3.45 4.02Investments Turnover Ratio 2.75 2.68 2.22 1.97Fixed Assets Turnover Ratio 8.72 8.37 9.53 10.58Total Assets Turnover Ratio 0.78 0.77 0.74 0.75Asset Turnover Ratio 0.84 0.81 0.75 0.74Average Raw Material Holding -- -- 123.43 98.27 562.74Average Finished Goods Held -- -- -- -- 260.65Number of Days In Working Capital 293.39 288.17 279.44 304.70 349.89Profit & Loss Account RatiosMaterial Cost Composition -- -- 0.15 0.22Imported Composition of Raw Materials Consumed

7.14 3.70 -- 0.64


Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


58.Key Financial Ratios of Shree Cements

Jun '14 Jun '13 Jun '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share 22.00 20.00 20.00 14.00Operating Profit Per Share (Rs) 398.95 448.06 472.41 254.85 431.74Net Operating Profit Per Share (Rs) 1,689.95 1,604.68 1,693.05 1,004.35 1,041.47

Free Reserves Per Share (Rs) -- -- -- 468.07 460.05Bonus in Equity Capital -- -- -- --Profitability RatiosOperating Profit Margin(%) 23.60 27.92 27.90 25.37Profit Before Interest And Tax Margin(%) 13.83 19.47 12.74 5.92Gross Profit Margin(%) 14.26 20.12 13.10 6.06Cash Profit Margin(%) 21.76 24.93 23.58 23.22Adjusted Cash Margin(%) 21.76 24.93 23.58 23.22Net Profit Margin(%) 12.96 17.37 10.20 5.86Adjusted Net Profit Margin(%) 12.96 17.37 10.20 5.86Return On Capital Employed(%) 17.70 27.24 25.31 7.57Return On Net Worth(%) 16.71 26.12 22.62 10.55Adjusted Return on Net Worth(%) 16.38 26.14 20.34 7.81Return on Assets Excluding Revaluations 1,352.25 1,103.32 784.77 570.13 526.23Return on Assets Including Revaluations 1,352.25 1,103.32 784.77 570.13 526.23Return on Long Term Funds(%) 19.87 30.64 26.33 7.94Liquidity And Solvency RatiosCurrent Ratio 0.90 1.01 0.71 1.06Quick Ratio 0.77 1.06 0.55 0.96Debt Equity Ratio 0.23 0.25 0.35 0.93Long Term Debt Equity Ratio 0.09 0.12 0.30 0.84Debt Coverage RatiosInterest Cover 7.93 6.80 3.97 1.70Total Debt to Owners Fund 0.23 0.25 0.35 0.93Financial Charges Coverage Ratio 12.19 9.06 7.68 5.51Financial Charges Coverage Ratio Post Tax 11.35 8.45 7.34 6.05Management Efficiency RatiosInventory Turnover Ratio 7.27 10.54 11.72 17.49Debtors Turnover Ratio 19.26 22.55 40.78 36.71Investments Turnover Ratio 7.27 10.54 11.72 17.49Fixed Assets Turnover Ratio 0.86 0.94 1.13 0.87Total Assets Turnover Ratio 1.02 1.16 1.60 0.92Asset Turnover Ratio 1.11 1.31 1.57 0.91Average Raw Material Holding -- -- -- 53.67Average Finished Goods Held -- -- -- 5.48Number of Days In Working Capital 25.73 37.81 -35.04 38.25Profit & Loss Account RatiosMaterial Cost Composition 16.20 16.03 15.64 23.20Imported Composition of Raw Materials Consumed

1.17 3.45 1.14 2.67

Selling Distribution Cost Composition -- -- -- 17.55Expenses as Composition of Total Sales -- -- -- 0.89Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 9.73 6.94 11.26 23.25Dividend Payout Ratio Cash Profit 5.73 4.84 4.67 5.50Earning Retention Ratio 90.07 93.07 87.47 68.57Cash Earning Retention Ratio 94.21 95.17 95.13 94.14AdjustedCash Flow Times 0.82 0.68 0.67 2.22

Jun '14 Jun '13 Jun '12 Mar '11 Mar '10

Earnings Per Share 225.98 288.19 177.54 60.19 194.07Book Value 1,352.25 1,103.32 784.77 570.13 526.23

59.Key Financial Ratios of Titan Company

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 1.00 1.00 1.00 10.00Dividend Per Share 2.10 2.10 1.75 25.00Operating Profit Per Share (Rs) 11.81 11.38 9.81 141.58Net Operating Profit Per Share (Rs) 122.96 113.91 99.56 1,500.76 1,053.05Free Reserves Per Share (Rs) -- -- 15.32 215.11 148.39Bonus in Equity Capital 50.00 50.00 50.00 --Profitability RatiosOperating Profit Margin(%) 9.60 9.99 9.85 9.43Profit Before Interest And Tax Margin(%) 8.90 9.36 9.24 8.84Gross Profit Margin(%) 9.00 9.45 9.34 8.91Cash Profit Margin(%) 7.31 7.63 7.29 6.99Adjusted Cash Margin(%) 7.31 7.63 7.29 6.99Net Profit Margin(%) 6.71 7.10 6.71 6.40Adjusted Net Profit Margin(%) 6.71 7.10 6.71 6.40Return On Capital Employed(%) 33.12 53.79 63.18 59.46Return On Net Worth(%) 29.36 36.90 41.39 41.97Adjusted Return on Net Worth(%) 29.36 36.90 41.87 42.46Return on Assets Excluding Revaluations 28.43 22.13 16.33 231.00 163.19Return on Assets Including Revaluations 28.43 22.13 16.33 231.00 163.19Return on Long Term Funds(%) 43.70 53.79 63.18 59.46Liquidity And Solvency RatiosCurrent Ratio 1.30 1.37 1.32 1.29Quick Ratio 0.57 0.43 0.43 0.54Debt Equity Ratio 0.32 -- -- 0.07Long Term Debt Equity Ratio -- -- -- 0.07Debt Coverage RatiosInterest Cover 12.66 20.87 21.04 79.18Total Debt to Owners Fund 0.32 -- 0.00 0.07Financial Charges Coverage Ratio 13.42 21.95 12.19 13.91Financial Charges Coverage Ratio Post Tax 10.26 16.40 9.15 10.44Management Efficiency RatiosInventory Turnover Ratio 2.82 2.75 3.13 3.38Debtors Turnover Ratio 69.13 61.87 63.86 64.28Investments Turnover Ratio 2.82 2.75 3.13 3.38Fixed Assets Turnover Ratio 10.50 11.93 12.16 10.94Total Assets Turnover Ratio 3.28 5.17 6.12 6.47Asset Turnover Ratio 4.12 5.91 6.94 7.05

Average Raw Material Holding -- -- 29.16 30.12Average Finished Goods Held -- -- 106.13 98.45Number of Days In Working Capital 88.55 51.90 42.78 42.89Profit & Loss Account RatiosMaterial Cost Composition 75.47 82.94 83.45 79.62Imported Composition of Raw Materials Consumed

16.82 47.94 68.79 70.54

Selling Distribution Cost Composition -- -- 5.24 7.75Expenses as Composition of Total Sales 2.02 1.95 1.81 1.90Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 25.15 25.70 25.88 25.78Dividend Payout Ratio Cash Profit 23.10 23.91 24.08 23.87Earning Retention Ratio 74.85 74.30 74.41 74.52Cash Earning Retention Ratio 76.90 76.09 76.18 76.39AdjustedCash Flow Times 1.00 -- 0.01 0.14

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


60.Key Financial Ratios of Siemens

Sep '14

Sep '13 Sep '12 Sep '11 Sep '10

Investment Valuation RatiosFace Value 2.00 2.00 2.00 2.00Dividend Per Share 6.00 5.00 6.00 6.00Operating Profit Per Share (Rs) 16.69 11.81 26.19 34.93Net Operating Profit Per Share (Rs) 299.41 318.79 379.67 351.33 276.50Free Reserves Per Share (Rs) -- -- -- 109.79 100.92Bonus in Equity Capital 62.94 62.94 65.80 65.84Profitability RatiosOperating Profit Margin(%) 5.57 3.70 6.89 9.94Profit Before Interest And Tax Margin(%) 3.39 1.49 5.31 8.55Gross Profit Margin(%) 3.42 1.50 5.34 8.66Cash Profit Margin(%) 4.17 3.61 5.73 7.28Adjusted Cash Margin(%) 4.17 3.61 5.73 7.28Net Profit Margin(%) 5.60 1.70 2.64 6.98Adjusted Net Profit Margin(%) 5.60 1.70 2.64 6.98Return On Capital Employed(%) 10.72 5.08 18.87 31.23Return On Net Worth(%) 13.78 4.81 8.66 22.16Adjusted Return on Net Worth(%) 5.03 4.00 13.71 19.15Return on Assets Excluding Revaluations 122.87 113.17 116.38 112.11 103.11Return on Assets Including Revaluations 122.87 113.17 116.38 112.14 103.15

Return on Long Term Funds(%) 10.72 5.08 18.88 31.23Liquidity And Solvency RatiosCurrent Ratio 1.50 1.43 1.36 1.28Quick Ratio 1.26 1.20 1.17 1.16Debt Equity Ratio -- -- -- --Long Term Debt Equity Ratio -- -- -- --Debt Coverage RatiosInterest Cover 57.21 10.85 27.70 93.63 124.85Total Debt to Owners Fund -- -- -- --Financial Charges Coverage Ratio 85.15 24.08 35.14 42.55Financial Charges Coverage Ratio Post Tax 102.50 24.50 21.16 32.59Management Efficiency RatiosInventory Turnover Ratio 10.18 12.16 13.70 15.25Debtors Turnover Ratio 2.88 2.96 3.20 3.20Investments Turnover Ratio 10.18 12.16 13.70 15.25Fixed Assets Turnover Ratio 3.92 4.40 5.51 6.11Total Assets Turnover Ratio 2.44 2.83 3.28 3.17Asset Turnover Ratio 2.54 2.84 3.32 3.28Average Raw Material Holding -- -- -- 44.65Average Finished Goods Held -- -- -- 9.23Number of Days In Working Capital 45.92 19.20 7.15 40.30Profit & Loss Account RatiosMaterial Cost Composition 47.39 44.02 39.98 37.97Imported Composition of Raw Materials Consumed

36.26 45.80 35.76 44.87

Selling Distribution Cost Composition -- -- -- 0.81Expenses as Composition of Total Sales 15.18 13.62 14.56 22.02Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 35.42 91.80 61.53 24.15Dividend Payout Ratio Cash Profit 25.67 40.09 38.80 20.46Earning Retention Ratio 3.09 -10.27 61.12 72.06Cash Earning Retention Ratio 52.47 56.75 71.62 76.88AdjustedCash Flow Times -- -- -- --

Sep '14

Sep '13 Sep '12 Sep '11 Sep '10


61.Key Financial Ratios of Yes Bank

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


Dividend Per Share 8.00 6.00 4.00 2.50Operating Profit Per Share (Rs) 28.55 26.10 43.31 33.96Net Operating Profit Per Share (Rs) 276.77 231.27 201.81 134.18Free Reserves Per Share (Rs) -- -- 98.45 82.62Bonus in Equity Capital -- -- -- --Profitability RatiosInterest Spread 10.34 10.73 4.53 3.60Adjusted Cash Margin(%) 14.36 14.15 14.25 16.31Net Profit Margin 13.82 13.61 13.66 15.56Return on Long Term Fund(%) 134.67 137.76 131.35 102.46Return on Net Worth(%) 22.71 22.39 20.89 19.16Adjusted Return on Net Worth(%) 22.71 22.39 20.92 19.17Return on Assets Excluding Revaluations 197.48 161.94 132.49 109.29Return on Assets Including Revaluations 197.48 161.94 132.49 109.29Management Efficiency RatiosInterest Income / Total Funds 9.59 9.60 10.74 9.77Net Interest Income / Total Funds -- 2.57 3.67 3.91Non Interest Income / Total Funds 1.65 1.46 0.04 0.03Interest Expended / Total Funds -- 7.03 7.07 5.86Operating Expense / Total Funds -- 1.49 1.36 1.43Profit Before Provisions / Total Funds 2.58 2.48 2.28 2.43Net Profit / Total Funds -- 1.51 1.47 1.52Loans Turnover -- 0.44 0.20 0.16Total Income / Capital Employed(%) 11.25 11.06 10.78 9.80Interest Expended / Capital Employed(%) -- 7.03 7.07 5.86Total Assets Turnover Ratios 0.10 0.10 0.11 0.10Asset Turnover Ratio 0.10 0.10 0.11 0.10Profit And Loss Account RatiosInterest Expended / Interest Earned 72.79 73.25 74.38 69.15Other Income / Total Income 14.71 13.16 0.37 0.31Operating Expense / Total Income -- 13.43 12.63 14.64Selling Distribution Cost Composition -- -- 0.14 0.44Balance Sheet RatiosCapital Adequacy Ratio 14.40 18.30 17.90 16.50Advances / Loans Funds(%) -- -- 65.53 81.65Debt Coverage RatiosCredit Deposit Ratio -- 32.72 76.09 77.75Investment Deposit Ratio 59.46 60.92 48.99 39.92Cash Deposit Ratio 5.58 4.88 5.69 6.97Total Debt to Owners Fund 10.42 11.53 10.51 12.11Financial Charges Coverage Ratio 0.38 0.36 0.33 0.43Financial Charges Coverage Ratio Post Tax 1.23 1.22 1.22 1.27Leverage RatiosCurrent Ratio 0.08 0.07 0.08 0.05Quick Ratio 10.40 10.18 7.83 15.34Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 17.83 16.54 14.45 11.93Dividend Payout Ratio Cash Profit 17.16 15.91 13.87 11.38Earning Retention Ratio 82.17 83.46 85.57 88.08Cash Earning Retention Ratio 82.84 84.09 86.15 88.62


Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Earnings Per Share -- 36.27 27.68 20.95Book Value -- 161.94 132.49 109.29

62.Key Financial Ratios of Aurobindo Pharma

Mar '14

Mar '14 Mar '13 Mar '12 Mar '11

Investment Valuation RatiosFace Value -- 1.00 1.00 1.00Dividend Per Share -- 3.00 1.50 1.00Operating Profit Per Share (Rs) -- 65.86 32.90 21.36Net Operating Profit Per Share (Rs) -- 243.97 186.29 147.18 141.88Free Reserves Per Share (Rs) -- -- -- 84.02Bonus in Equity Capital -- 59.52 59.58 59.60Profitability RatiosOperating Profit Margin(%) 26.99 26.99 17.65 14.51Profit Before Interest And Tax Margin(%) 24.12 24.12 14.43 11.13Gross Profit Margin(%) 24.37 24.37 14.50 11.17Cash Profit Margin(%) 18.89 18.89 12.24 15.31Adjusted Cash Margin(%) -- 18.89 12.24 15.31Net Profit Margin(%) -- 16.31 9.09 -0.99Adjusted Net Profit Margin(%) 16.31 16.31 9.09 -0.99Return On Capital Employed(%) 26.48 26.48 14.23 10.04Return On Net Worth(%) 29.21 29.21 16.87 -1.70Adjusted Return on Net Worth(%) -- 29.21 16.87 20.69Return on Assets Excluding Revaluations -- 137.67 100.93 85.64Return on Assets Including Revaluations -- 137.67 100.93 85.64Return on Long Term Funds(%) -- 35.84 20.43 14.90Liquidity And Solvency RatiosCurrent Ratio -- 1.23 1.05 0.76Quick Ratio -- 2.20 2.26 1.60Debt Equity Ratio 0.70 0.70 0.94 0.98Long Term Debt Equity Ratio 0.26 0.26 0.35 0.33Debt Coverage RatiosInterest Cover 6.26 6.26 3.25 6.79Total Debt to Owners Fund -- 0.70 0.94 0.98Financial Charges Coverage Ratio -- 6.90 3.94 6.86Financial Charges Coverage Ratio Post Tax -- 5.70 3.67 2.08Management Efficiency RatiosInventory Turnover Ratio 4.15 4.15 3.79 4.09Debtors Turnover Ratio 3.03 3.03 3.44 2.95

Investments Turnover Ratio -- 4.15 3.79 4.09Fixed Assets Turnover Ratio 2.37 2.37 1.87 1.82Total Assets Turnover Ratio 1.04 1.04 0.95 0.87Asset Turnover Ratio -- 1.13 1.02 0.87Average Raw Material Holding -- -- -- 92.66Average Finished Goods Held -- -- -- 7.56Number of Days In Working Capital -- 201.55 188.34 179.80 226.88Profit & Loss Account RatiosMaterial Cost Composition -- 51.88 60.33 60.65Imported Composition of Raw Materials Consumed

-- 59.04 59.69 60.81

Selling Distribution Cost Composition -- -- -- 3.28Expenses as Composition of Total Sales -- 75.12 71.99 69.50Cash Flow Indicator RatiosDividend Payout Ratio Net Profit -- 7.45 8.80 --Dividend Payout Ratio Cash Profit -- 6.43 6.54 29.01Earning Retention Ratio -- 92.55 91.20 --Cash Earning Retention Ratio -- 93.57 93.46 95.59AdjustedCash Flow Times -- 2.07 4.16 3.71

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Earnings Per Share 40.21 17.03 -1.46 20.40Book Value 137.67 100.93 85.64 88.27 343.51

63.Key Financial Ratios of Grasim Industries


Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share 21.00 22.50 22.50 20.00Operating Profit Per Share (Rs) 93.80 118.57 137.21 165.65 292.44Net Operating Profit Per Share (Rs) 610.22 572.59 541.90 506.01 898.53Free Reserves Per Share (Rs) -- -- -- -- 768.31Bonus in Equity Capital 32.15 32.17 32.19 32.20Profitability RatiosOperating Profit Margin(%) 15.37 20.70 25.32 32.73Profit Before Interest And Tax Margin(%) 10.71 16.32 20.50 27.19Gross Profit Margin(%) 11.45 17.67 22.41 28.93Cash Profit Margin(%) 18.62 20.75 24.31 27.50Adjusted Cash Margin(%) 18.62 20.75 24.31 27.50Net Profit Margin(%) 14.96 21.54 21.66 23.93Adjusted Net Profit Margin(%) 14.96 21.54 21.66 23.93Return On Capital Employed(%) 8.58 12.07 16.21 18.89Return On Net Worth(%) 8.27 12.11 12.93 14.52

Adjusted Return on Net Worth(%) 8.27 10.09 12.93 14.52Return on Assets Excluding Revaluations 1,179.13 1,102.88 992.19 887.00 778.31Return on Assets Including Revaluations 1,179.13 1,102.88 992.19 887.00 778.31Return on Long Term Funds(%) 8.67 12.28 16.32 19.02Liquidity And Solvency RatiosCurrent Ratio 1.36 1.14 1.53 1.04Quick Ratio 0.89 0.88 1.19 0.81Debt Equity Ratio 0.10 0.12 0.07 0.07Long Term Debt Equity Ratio 0.09 0.10 0.06 0.06Debt Coverage RatiosInterest Cover 24.72 34.88 44.04 35.81Total Debt to Owners Fund 0.10 0.12 0.07 0.07Financial Charges Coverage Ratio 30.01 38.95 48.07 39.66Financial Charges Coverage Ratio Post Tax 27.87 36.44 37.88 30.64Management Efficiency RatiosInventory Turnover Ratio 4.62 6.66 7.88 11.00Debtors Turnover Ratio 9.91 10.25 10.30 11.59Investments Turnover Ratio 4.62 6.66 7.88 11.00Fixed Assets Turnover Ratio 1.03 1.40 1.60 1.56Total Assets Turnover Ratio 0.47 0.47 0.51 0.53Asset Turnover Ratio 0.48 0.50 0.54 0.55Average Raw Material Holding -- -- -- --Average Finished Goods Held -- -- -- --Number of Days In Working Capital 92.86 61.76 80.04 28.87Profit & Loss Account RatiosMaterial Cost Composition 56.71 52.71 51.63 44.66Imported Composition of Raw Materials Consumed

53.42 46.70 41.75 46.40



Earnings Per Share 97.57 133.58 128.34 128.87 228.19Book Value 1,179.13 1,102.88 992.19 887.00 778.31

64.Key Financial Ratios of Cadila Healthcare

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 5.00 5.00 5.00 5.00Dividend Per Share 9.00 7.50 7.50 6.25Operating Profit Per Share (Rs) 39.41 34.50 33.14 -1.63Net Operating Profit Per Share (Rs) 197.42 179.52 153.95 106.43 138.14Free Reserves Per Share (Rs) -- -- 107.91 86.33Bonus in Equity Capital 71.26 71.26 71.26 71.26Profitability RatiosOperating Profit Margin(%) 19.96 19.21 21.52 -1.52Profit Before Interest And Tax Margin(%) 15.62 15.81 16.84 -4.38Gross Profit Margin(%) 16.81 16.03 18.09 -5.97Cash Profit Margin(%) 23.69 16.50 24.53 22.82Adjusted Cash Margin(%) 23.69 16.50 24.53 22.82Net Profit Margin(%) 20.76 13.37 19.41 20.57Adjusted Net Profit Margin(%) 20.76 13.37 19.41 20.57Return On Capital Employed(%) 19.60 14.09 22.02 24.75Return On Net Worth(%) 24.89 17.12 25.71 29.20Adjusted Return on Net Worth(%) 24.89 17.12 28.25 27.75Return on Assets Excluding Revaluations 177.29 142.20 124.89 102.07 118.75Return on Assets Including Revaluations 177.29 142.20 124.89 102.07 118.75Return on Long Term Funds(%) 22.04 17.33 24.82 25.22Liquidity And Solvency RatiosCurrent Ratio 1.35 1.03 1.22 1.63Quick Ratio 1.60 1.73 1.31 1.23Debt Equity Ratio 0.39 0.57 0.43 0.27Long Term Debt Equity Ratio 0.24 0.27 0.27 0.25Debt Coverage RatiosInterest Cover 23.25 5.79 12.42 19.21Total Debt to Owners Fund 0.39 0.57 0.43 0.27Financial Charges Coverage Ratio 26.25 6.84 13.21 19.08Financial Charges Coverage Ratio Post Tax 25.26 6.54 12.08 18.91Management Efficiency RatiosInventory Turnover Ratio 6.09 6.26 6.99 5.17Debtors Turnover Ratio 5.75 5.82 5.97 4.98Investments Turnover Ratio 6.09 6.26 6.99 5.17Fixed Assets Turnover Ratio 1.79 1.76 1.75 1.42Total Assets Turnover Ratio 0.81 0.81 0.92 0.89Asset Turnover Ratio 0.84 0.90 1.00 0.89Average Raw Material Holding -- -- 96.53 131.55Average Finished Goods Held -- -- 30.73 29.04Number of Days In Working Capital 132.79 139.03 117.27 134.69Profit & Loss Account RatiosMaterial Cost Composition 38.08 36.66 36.72 42.89Imported Composition of Raw Materials Consumed

28.51 21.96 26.42 28.54

Selling Distribution Cost Composition -- -- 9.82 16.62Expenses as Composition of Total Sales 50.99 44.17 46.43 59.73Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 20.39 30.80 23.36 20.96Dividend Payout Ratio Cash Profit 17.87 24.95 20.06 18.09

Earning Retention Ratio 79.61 69.20 78.75 77.94Cash Earning Retention Ratio 82.13 75.05 81.52 81.10AdjustedCash Flow Times 1.37 2.67 1.32 0.83

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


65.Key Financial Ratios of Rural Electrification Corporation


Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share 9.50 8.25 7.50 7.50Operating Profit Per Share (Rs) 166.80 132.60 101.84 81.98Net Operating Profit Per Share (Rs) 172.34 136.91 104.69 83.62Free Reserves Per Share (Rs) -- -- -- 72.86Bonus in Equity Capital -- -- -- --Profitability RatiosOperating Profit Margin(%) 96.78 96.85 97.27 98.04Profit Before Interest And Tax Margin(%) 96.17 96.26 96.13 96.56Gross Profit Margin(%) 96.75 96.83 97.24 98.00Cash Profit Margin(%) 27.37 28.10 26.97 29.41Adjusted Cash Margin(%) 27.37 28.10 26.97 29.41Net Profit Margin(%) 27.35 28.07 26.94 30.66Adjusted Net Profit Margin(%) 27.35 28.07 26.94 30.66Return On Capital Employed(%) 12.42 11.87 10.84 9.92Return On Net Worth(%) 22.66 21.87 19.10 20.09Adjusted Return on Net Worth(%) 22.65 21.87 19.10 19.25Return on Assets Excluding Revaluations 209.32 176.76 149.32 129.51 112.21Return on Assets Including Revaluations 209.32 176.76 149.32 129.51 112.21Return on Long Term Funds(%) 12.66 12.14 11.14 9.92Liquidity And Solvency RatiosCurrent Ratio 6.86 5.87 6.19 23.12Quick Ratio 7.75 6.62 7.23 23.12Debt Equity Ratio 5.45 5.35 5.36 5.47Long Term Debt Equity Ratio 5.33 5.21 5.19 5.47Debt Coverage RatiosInterest Cover 1.65 1.64 1.59 1.72Total Debt to Owners Fund 5.45 5.35 5.36 5.47Financial Charges Coverage Ratio 1.65 1.65 1.60 1.69Financial Charges Coverage Ratio Post Tax 1.47 1.48 1.44 1.53Management Efficiency Ratios

Inventory Turnover Ratio -- -- -- --Debtors Turnover Ratio -- -- -- --Investments Turnover Ratio -- -- -- --Fixed Assets Turnover Ratio -- -- -- --Total Assets Turnover Ratio -- -- -- --Asset Turnover Ratio 0.14 0.13 0.12 0.11Average Raw Material Holding -- -- -- --Average Finished Goods Held -- -- -- --Number of Days In Working Capital 2,534.38 2,655.70 2,942.34 3,618.39 3,629.20Profit & Loss Account RatiosMaterial Cost Composition -- -- -- --Imported Composition of Raw Materials Consumed

-- -- -- --

Selling Distribution Cost Composition -- -- -- 0.05Expenses as Composition of Total Sales -- -- -- --Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 20.02 21.33 26.28 28.81Dividend Payout Ratio Cash Profit 20.01 21.31 26.25 28.78Earning Retention Ratio 79.97 78.67 73.72 69.93Cash Earning Retention Ratio 79.99 78.69 73.75 69.96AdjustedCash Flow Times 24.04 24.45 28.03 28.40



66.Key Financial Ratios of Oil India

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share 21.50 30.00 47.50 37.50Operating Profit Per Share (Rs) 67.00 76.77 194.41 158.01 137.72Net Operating Profit Per Share (Rs) 159.91 165.48 410.19 483.39 394.53Free Reserves Per Share (Rs) -- -- -- 638.85 561.64Bonus in Equity Capital 90.72 90.72 76.80 76.80Profitability RatiosOperating Profit Margin(%) 41.89 46.39 47.39 32.68Profit Before Interest And Tax Margin(%) 25.35 32.96 32.41 28.30Gross Profit Margin(%) 29.65 37.96 37.16 31.16Cash Profit Margin(%) 36.99 38.64 39.40 27.48Adjusted Cash Margin(%) 36.99 38.64 39.40 27.48Net Profit Margin(%) 26.52 31.33 30.48 22.55Adjusted Net Profit Margin(%) 26.52 31.33 30.48 22.55

Return On Capital Employed(%) 14.69 26.07 28.82 28.58Return On Net Worth(%) 14.39 18.68 19.45 18.31Adjusted Return on Net Worth(%) 14.39 18.68 19.45 21.19Return on Assets Excluding Revaluations 344.48 319.59 736.99 655.69 571.72Return on Assets Including Revaluations 344.48 319.59 736.99 655.69 571.72Return on Long Term Funds(%) 20.15 27.51 28.84 30.40Liquidity And Solvency RatiosCurrent Ratio 1.08 2.37 2.91 2.39Quick Ratio 3.40 3.24 2.81 3.30Debt Equity Ratio 0.47 0.06 -- 0.07Long Term Debt Equity Ratio 0.07 -- -- --Debt Coverage RatiosInterest Cover 65.12 2,033.01 545.49 344.85 1,099.13Total Debt to Owners Fund 0.47 0.06 0.00 0.07Financial Charges Coverage Ratio 82.24 2,355.18 653.15 357.54 1,158.90Financial Charges Coverage Ratio Post Tax 61.46 1,703.68 476.53 221.14 775.61Management Efficiency RatiosInventory Turnover Ratio 9.92 15.44 18.49 224.43 215.05Debtors Turnover Ratio 14.05 10.18 15.16 25.57Investments Turnover Ratio 9.92 15.44 18.49 224.43 215.05Fixed Assets Turnover Ratio 0.78 0.89 0.98 1.24Total Assets Turnover Ratio 0.32 0.49 0.56 0.69Asset Turnover Ratio 0.38 0.52 0.57 0.76Average Raw Material Holding -- -- -- --Average Finished Goods Held -- -- -- 5.35Number of Days In Working Capital 452.97 435.63 364.64 360.47 325.51Profit & Loss Account RatiosMaterial Cost Composition 1.43 1.13 1.11 2.41Imported Composition of Raw Materials Consumed

55.00 57.00 54.00 --

Selling Distribution Cost Composition -- -- -- 39.47Expenses as Composition of Total Sales -- 0.01 0.01 0.01Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 43.35 50.24 33.13 31.22Dividend Payout Ratio Cash Profit 31.08 40.73 25.63 29.42Earning Retention Ratio 56.65 49.76 66.87 73.02Cash Earning Retention Ratio 68.92 59.27 74.37 74.37AdjustedCash Flow Times 2.35 0.24 0.00 0.29

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


67.Key Financial Ratios of Steel Authority of India

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share 2.02 2.00 2.00 2.40Operating Profit Per Share (Rs) 9.49 11.17 14.64 16.86Net Operating Profit Per Share (Rs) 113.06 107.97 112.19 102.98Free Reserves Per Share (Rs) -- -- -- 78.84Bonus in Equity Capital -- -- -- --Profitability RatiosOperating Profit Margin(%) 8.39 10.34 13.04 16.37Profit Before Interest And Tax Margin(%) 4.62 7.04 9.33 12.33Gross Profit Margin(%) 4.71 7.20 9.66 12.88Cash Profit Margin(%) 6.77 8.25 11.22 13.68Adjusted Cash Margin(%) 6.77 8.25 11.22 13.68Net Profit Margin(%) 5.49 4.76 7.67 11.03Adjusted Net Profit Margin(%) 5.49 4.76 7.67 11.03Return On Capital Employed(%) 4.60 6.67 10.91 12.88Return On Net Worth(%) 6.13 5.29 9.24 13.23Adjusted Return on Net Worth(%) 3.53 5.74 9.58 12.39Return on Assets Excluding Revaluations 103.30 99.32 96.38 89.75Return on Assets Including Revaluations 103.30 99.32 96.38 89.75Return on Long Term Funds(%) 5.47 7.66 11.87 15.10Liquidity And Solvency RatiosCurrent Ratio 0.79 1.01 1.22 1.21Quick Ratio 0.62 0.68 0.82 1.35Debt Equity Ratio 0.57 0.52 0.40 0.54Long Term Debt Equity Ratio 0.32 0.33 0.29 0.32Debt Coverage RatiosInterest Cover 3.19 5.59 9.00 15.86Total Debt to Owners Fund 0.57 0.52 0.40 0.54Financial Charges Coverage Ratio 4.96 7.46 11.31 18.66Financial Charges Coverage Ratio Post Tax 5.48 5.78 8.75 14.46Management Efficiency RatiosInventory Turnover Ratio 3.07 2.79 3.37 5.13Debtors Turnover Ratio 9.43 9.71 10.39 11.11Investments Turnover Ratio 3.07 2.79 3.37 5.13Fixed Assets Turnover Ratio 0.89 1.09 1.16 1.16Total Assets Turnover Ratio 0.71 0.73 0.85 0.76Asset Turnover Ratio 0.72 0.75 0.82 0.79Average Raw Material Holding -- -- -- 54.50Average Finished Goods Held -- -- -- 60.81Number of Days In Working Capital 43.00 69.35 75.01 177.90 181.95Profit & Loss Account RatiosMaterial Cost Composition 46.27 52.32 53.52 53.23Imported Composition of Raw Materials Consumed

69.19 52.37 59.34 62.00

Selling Distribution Cost Composition -- -- -- 2.91Expenses as Composition of Total Sales 5.46 2.59 2.65 2.30

Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 31.88 38.06 22.43 20.21Dividend Payout Ratio Cash Profit 19.25 23.11 15.73 15.51Earning Retention Ratio 44.65 64.97 78.35 78.43Cash Earning Retention Ratio 74.13 78.04 84.66 83.70AdjustedCash Flow Times 7.53 5.72 2.99 3.32

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


68.Key Financial Ratios of Pidilite Industries

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 1.00 1.00 1.00 1.00Dividend Per Share 2.70 2.60 1.90 1.75Operating Profit Per Share (Rs) 13.13 11.96 9.78 9.16Net Operating Profit Per Share (Rs) 75.65 64.99 55.48 46.55Free Reserves Per Share (Rs) -- -- 24.15 20.12Bonus in Equity Capital 93.53 93.53 94.45 94.73Profitability RatiosOperating Profit Margin(%) 17.34 18.40 17.62 19.67Profit Before Interest And Tax Margin(%) 15.40 16.47 15.76 17.62Gross Profit Margin(%) 15.58 16.80 15.92 17.79Cash Profit Margin(%) 13.86 14.95 13.74 15.26Adjusted Cash Margin(%) 13.86 14.95 13.74 15.26Net Profit Margin(%) 11.95 13.56 11.75 12.77Adjusted Net Profit Margin(%) 11.95 13.56 11.75 12.77Return On Capital Employed(%) 31.61 36.12 29.16 31.02Return On Net Worth(%) 22.97 26.59 24.38 26.66Adjusted Return on Net Worth(%) 23.29 26.25 25.00 27.97Return on Assets Excluding Revaluations 39.78 33.79 27.02 22.51Return on Assets Including Revaluations 39.78 33.79 27.02 22.51Return on Long Term Funds(%) 31.73 36.12 29.16 31.09Liquidity And Solvency RatiosCurrent Ratio 1.48 1.30 1.63 1.42Quick Ratio 0.91 0.74 1.03 0.81Debt Equity Ratio -- -- 0.19 0.25Long Term Debt Equity Ratio -- -- 0.19 0.25Debt Coverage RatiosInterest Cover 66.79 51.40 22.52 16.50Total Debt to Owners Fund 0.00 -- 0.19 0.25

Financial Charges Coverage Ratio 73.87 55.78 21.42 16.15Financial Charges Coverage Ratio Post Tax 56.44 43.22 16.61 12.55Management Efficiency RatiosInventory Turnover Ratio 7.63 7.38 7.56 7.52Debtors Turnover Ratio 9.45 9.62 9.19 8.97Investments Turnover Ratio 7.63 7.38 7.56 7.52Fixed Assets Turnover Ratio 3.78 3.52 3.21 3.02Total Assets Turnover Ratio 1.97 1.95 1.83 1.77Asset Turnover Ratio 2.05 1.98 1.84 1.69Average Raw Material Holding -- -- 39.73 38.14Average Finished Goods Held -- -- 37.05 39.88Number of Days In Working Capital 43.76 30.73 60.01 45.44Profit & Loss Account RatiosMaterial Cost Composition 56.59 55.94 61.85 60.69Imported Composition of Raw Materials Consumed

41.21 35.19 34.69 35.49

Selling Distribution Cost Composition -- -- 5.07 5.30Expenses as Composition of Total Sales 10.24 9.62 9.45 10.17Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 29.53 28.92 28.85 29.14Dividend Payout Ratio Cash Profit 25.76 25.93 25.23 25.43Earning Retention Ratio 70.87 70.70 71.86 72.22Cash Earning Retention Ratio 74.55 73.77 75.31 75.62AdjustedCash Flow Times 0.01 -- 0.68 0.79

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


69.Key Financial Ratios of Hindalco Industries

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 1.00 1.00 1.00 1.00Dividend Per Share 1.00 1.40 1.55 1.50Operating Profit Per Share (Rs) 12.07 11.42 15.65 18.59Net Operating Profit Per Share (Rs) 134.90 136.10 138.89 124.10 101.68Free Reserves Per Share (Rs) -- -- 118.08 108.14Bonus in Equity Capital 23.81 25.68 25.68 25.68Profitability RatiosOperating Profit Margin(%) 8.94 8.39 11.26 14.98Profit Before Interest And Tax Margin(%) 5.75 5.54 8.49 11.87Gross Profit Margin(%) 5.99 5.75 8.67 12.08

Cash Profit Margin(%) 9.08 8.82 10.18 12.00Adjusted Cash Margin(%) 9.08 8.82 10.18 12.00Net Profit Margin(%) 4.87 6.28 8.23 8.83Adjusted Net Profit Margin(%) 4.87 6.28 8.23 8.83Return On Capital Employed(%) 4.42 4.27 6.15 8.90Return On Net Worth(%) 3.84 5.08 7.10 7.19Adjusted Return on Net Worth(%) 4.92 5.08 6.59 7.45Return on Assets Excluding Revaluations 177.92 174.61 164.48 155.12 145.85Return on Assets Including Revaluations 177.92 174.61 164.48 155.12 145.85Return on Long Term Funds(%) 4.74 4.60 6.73 9.44Liquidity And Solvency RatiosCurrent Ratio 1.11 1.26 1.01 0.96Quick Ratio 0.71 0.91 0.55 0.34Debt Equity Ratio 0.72 0.72 0.46 0.24Long Term Debt Equity Ratio 0.60 0.61 0.35 0.17Debt Coverage RatiosInterest Cover 3.92 5.69 10.22 5.89Total Debt to Owners Fund 0.72 0.72 0.46 0.24Financial Charges Coverage Ratio 5.08 7.27 12.13 6.52Financial Charges Coverage Ratio Post Tax 4.14 6.47 10.97 5.63Management Efficiency RatiosInventory Turnover Ratio 3.12 3.38 3.80 3.43Debtors Turnover Ratio 19.90 17.71 19.72 18.41Investments Turnover Ratio 3.12 3.38 3.80 3.43Fixed Assets Turnover Ratio 1.53 1.74 1.85 1.67Total Assets Turnover Ratio 0.44 0.45 0.57 0.64Asset Turnover Ratio 0.46 0.50 0.64 0.67Average Raw Material Holding -- -- 67.61 86.80Average Finished Goods Held -- -- 6.31 4.76Number of Days In Working Capital 81.94 103.08 50.26 25.40Profit & Loss Account RatiosMaterial Cost Composition 69.29 68.02 69.78 69.18Imported Composition of Raw Materials Consumed

88.77 89.24 90.17 88.47


Mar '14

Mar '13 Mar '12 Mar '11 Mar '10



ACC

Dec '13

Dec '12 Dec '11 Dec '10 Dec '09

Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share 30.00 30.00 28.00 30.50Operating Profit Per Share (Rs) 86.76 116.94 102.30 87.28 136.52Net Operating Profit Per Share (Rs) 594.90 604.97 514.54 407.35 427.27Free Reserves Per Share (Rs) -- -- -- 327.36 304.59Bonus in Equity Capital 48.92 48.92 48.92 48.92Profitability RatiosOperating Profit Margin(%) 14.58 19.33 19.88 21.42Profit Before Interest And Tax Margin(%) 9.25 14.08 14.67 15.86Gross Profit Margin(%) 9.44 14.41 14.96 16.29Cash Profit Margin(%) 14.65 16.82 18.27 17.36Adjusted Cash Margin(%) 14.65 16.82 18.27 17.36Net Profit Margin(%) 9.61 9.13 13.45 14.26Adjusted Net Profit Margin(%) 9.61 9.13 13.45 14.26Return On Capital Employed(%) 16.34 25.46 21.26 20.75Return On Net Worth(%) 14.00 14.37 18.42 17.31Adjusted Return on Net Worth(%) 14.00 18.91 18.42 15.00Return on Assets Excluding Revaluations 416.78 393.23 383.09 344.59 320.45Return on Assets Including Revaluations 416.78 393.23 383.09 344.59 320.45Return on Long Term Funds(%) 16.34 25.46 21.26 20.78Liquidity And Solvency RatiosCurrent Ratio 0.84 0.72 0.88 0.68Quick Ratio 0.57 0.46 0.63 0.43Debt Equity Ratio -- 0.01 0.07 0.08Long Term Debt Equity Ratio -- 0.01 0.07 0.08Debt Coverage RatiosInterest Cover 24.75 16.59 16.90 25.57Total Debt to Owners Fund -- 0.01 0.07 0.08Financial Charges Coverage Ratio 35.85 21.46 21.80 32.48Financial Charges Coverage Ratio Post Tax 33.31 15.13 19.58 27.64Management Efficiency RatiosInventory Turnover Ratio 9.96 10.02 8.79 19.04Debtors Turnover Ratio 31.88 46.25 52.79 40.04Investments Turnover Ratio 9.96 10.02 8.79 19.04Fixed Assets Turnover Ratio 1.08 1.12 1.01 0.96Total Assets Turnover Ratio 1.43 1.52 1.26 1.11Asset Turnover Ratio 1.46 1.50 1.32 1.13Average Raw Material Holding -- -- -- 44.39Average Finished Goods Held -- -- -- 8.05Number of Days In Working Capital -16.75 -30.15 -1.97 -63.76 -54.17Profit & Loss Account RatiosMaterial Cost Composition 23.90 19.18 17.50 19.88Imported Composition of Raw Materials 5.29 10.32 9.76 13.74

ConsumedSelling Distribution Cost Composition -- -- -- 18.79Expenses as Composition of Total Sales -- -- 0.14 0.67Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 51.40 53.07 39.66 51.12Dividend Payout Ratio Cash Profit 33.73 34.76 29.19 37.85Earning Retention Ratio 48.60 59.67 60.34 41.02Cash Earning Retention Ratio 66.27 71.20 70.81 58.01AdjustedCash Flow Times -- 0.04 0.28 0.38

Dec '13

Dec '12 Dec '11 Dec '10 Dec '09


71.Key Financial Ratios of Oracle Financial Services Software


Investment Valuation RatiosFace Value 5.00 5.00 5.00 5.00Dividend Per Share -- -- -- --Operating Profit Per Share (Rs) 139.55 133.59 117.85 110.91 101.76Net Operating Profit Per Share (Rs) 375.48 349.45 310.32 281.36 267.54Free Reserves Per Share (Rs) -- -- 738.91 608.89 493.15Bonus in Equity Capital 73.82 73.89 73.97 74.04Profitability RatiosOperating Profit Margin(%) -- -- -- --Profit Before Interest And Tax Margin(%) -- -- -- --Gross Profit Margin(%) -- -- -- --Cash Profit Margin(%) -- -- -- --Adjusted Cash Margin(%) 32.07 32.20 27.24 40.09Net Profit Margin(%) 30.37 30.46 37.86 38.74Adjusted Net Profit Margin(%) -- -- -- --Return On Capital Employed(%) -- -- -- --Return On Net Worth(%) -- -- -- --Adjusted Return on Net Worth(%) 13.58 14.11 11.90 18.79

Return on Assets Excluding Revaluations1,004.8

1867.46 743.91 613.89 498.15

Return on Assets Including Revaluations1,004.8

1867.46 743.91 613.89 498.15

Return on Long Term Funds(%) 20.47 20.63 19.53 20.09Liquidity And Solvency RatiosCurrent Ratio 6.62 6.98 6.89 7.02Quick Ratio 6.55 6.91 6.82 6.92

Debt Equity Ratio -- -- -- --Long Term Debt Equity Ratio -- -- -- --Debt Coverage RatiosInterest Cover -- -- -- --Total Debt to Owners Fund -- -- -- --Financial Charges Coverage Ratio -- -- 6,566.26 5,011.18 3,965.74Financial Charges Coverage Ratio Post Tax -- -- 5,883.04 4,699.07 3,002.97Management Efficiency RatiosInventory Turnover Ratio -- -- -- --Debtors Turnover Ratio 2.97 2.78 2.72 2.87Investments Turnover Ratio -- -- -- --Fixed Assets Turnover Ratio -- -- -- --Total Assets Turnover Ratio -- -- -- --Asset Turnover Ratio 0.40 0.43 0.46 0.51Average Raw Material Holding -- -- -- --Average Finished Goods Held -- -- -- --Number of Days In Working Capital 770.88 705.84 706.46 615.28 500.07Profit & Loss Account RatiosMaterial Cost Composition -- -- -- --Imported Composition of Raw Materials Consumed

-- -- -- --

Selling Distribution Cost Composition -- -- 0.01 0.02Expenses as Composition of Total Sales 95.68 95.63 108.02 96.02Cash Flow Indicator RatiosDividend Payout Ratio Net Profit -- -- -- --Dividend Payout Ratio Cash Profit -- -- -- --Earning Retention Ratio 100.00 100.00 100.00 100.00 100.00Cash Earning Retention Ratio 100.00 100.00 100.00 100.00 100.00AdjustedCash Flow Times -- -- -- --



Book Value1,004.8

1867.46 743.91 613.89 498.15

72.Key Financial Ratios of Ranbaxy Laboratories

Mar '14

Dec '12 Dec '11 Dec '10 Dec '09

Investment Valuation RatiosFace Value 5.00 5.00 5.00 5.00Dividend Per Share -- -- -- 2.00Operating Profit Per Share (Rs) -7.66 10.47 25.45 29.98Net Operating Profit Per Share (Rs) 161.99 149.05 184.81 134.10 113.73Free Reserves Per Share (Rs) -- -- -- 112.02

Bonus in Equity Capital 69.37 69.44 69.59 69.75Profitability RatiosOperating Profit Margin(%) -4.72 7.02 13.77 22.35Profit Before Interest And Tax Margin(%) -7.90 3.91 9.97 17.77Gross Profit Margin(%) -8.80 4.07 10.25 18.31Cash Profit Margin(%) -1.53 6.17 12.39 16.55Adjusted Cash Margin(%) -1.53 6.17 12.39 16.55Net Profit Margin(%) -11.49 -2.47 -38.04 19.74Adjusted Net Profit Margin(%) -11.49 -2.47 -38.04 19.74Return On Capital Employed(%) 2.54 7.68 17.60 12.82Return On Net Worth(%) -80.16 -8.45 -158.61 22.41Adjusted Return on Net Worth(%) -36.24 11.39 37.43 14.33Return on Assets Excluding Revaluations 25.87 45.42 45.60 121.74Return on Assets Including Revaluations 25.87 45.42 45.60 121.74Return on Long Term Funds(%) 5.04 13.25 35.54 15.00Liquidity And Solvency RatiosCurrent Ratio 0.68 0.81 0.76 1.40Quick Ratio 0.85 0.95 0.84 1.60Debt Equity Ratio 5.46 2.48 2.02 0.83Long Term Debt Equity Ratio 2.25 1.02 0.49 0.57Debt Coverage RatiosInterest Cover 0.33 1.73 3.42 22.22Total Debt to Owners Fund 5.46 2.48 2.02 0.83Financial Charges Coverage Ratio 0.84 2.36 4.34 26.44Financial Charges Coverage Ratio Post Tax -0.09 1.08 -8.29 26.41Management Efficiency RatiosInventory Turnover Ratio 4.05 3.64 4.71 3.95Debtors Turnover Ratio 5.14 2.46 3.14 3.99Investments Turnover Ratio 4.05 3.64 4.71 3.95Fixed Assets Turnover Ratio 2.10 2.06 2.78 2.13Total Assets Turnover Ratio 0.98 0.95 1.36 0.61Asset Turnover Ratio 1.00 1.01 1.03 0.67Average Raw Material Holding -- -- -- 134.51 137.88Average Finished Goods Held -- -- -- 40.24Number of Days In Working Capital 3.03 71.39 2.08 220.31Profit & Loss Account RatiosMaterial Cost Composition 46.35 38.91 32.35 38.63Imported Composition of Raw Materials Consumed

57.34 63.93 58.74 50.65

Selling Distribution Cost Composition -- -- -- 7.42Expenses as Composition of Total Sales 74.20 62.68 71.56 67.06Cash Flow Indicator RatiosDividend Payout Ratio Net Profit -- -- -- 7.33Dividend Payout Ratio Cash Profit -- -- -- 6.11Earning Retention Ratio -- -- -- 88.54 100.00Cash Earning Retention Ratio -- 100.00 100.00 91.26 100.00AdjustedCash Flow Times -- 11.76 3.91 4.42

Mar Dec '12 Dec '11 Dec '10 Dec '09

'14

Earnings Per Share -20.74 -3.84 -72.32 27.28Book Value 25.87 45.42 45.60 121.74

73.Key Financial Ratios of IDFC


Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share 2.60 2.60 2.30 2.00Operating Profit Per Share (Rs) 48.62 47.20 37.61 26.98Net Operating Profit Per Share (Rs) 54.17 51.27 40.30 29.24Free Reserves Per Share (Rs) -- -- 48.36 43.17Bonus in Equity Capital -- -- -- --Profitability RatiosOperating Profit Margin(%) 89.74 92.06 93.34 92.25Profit Before Interest And Tax Margin(%) 89.25 91.58 92.70 91.33Gross Profit Margin(%) 89.44 91.71 92.82 91.49Cash Profit Margin(%) 20.95 23.04 27.45 26.64Adjusted Cash Margin(%) 20.95 23.04 27.45 26.64Net Profit Margin(%) 20.66 22.69 26.26 29.84Adjusted Net Profit Margin(%) 20.66 22.69 26.26 29.84Return On Capital Employed(%) 12.08 13.32 11.48 8.26Return On Net Worth(%) 11.56 13.11 12.84 12.17Adjusted Return on Net Worth(%) 11.56 13.11 13.18 10.51Return on Assets Excluding Revaluations 97.01 88.84 80.27 70.00Return on Assets Including Revaluations 97.01 88.84 80.27 70.00Return on Long Term Funds(%) 13.63 14.19 13.49 8.57Liquidity And Solvency RatiosCurrent Ratio 2.60 2.63 2.25 8.47Quick Ratio 4.83 3.53 4.52 24.78Debt Equity Ratio 3.14 2.98 3.06 3.63Long Term Debt Equity Ratio 2.67 2.73 2.46 3.47Debt Coverage RatiosInterest Cover 1.47 1.53 1.66 1.66Total Debt to Owners Fund 3.14 2.98 3.06 3.63Financial Charges Coverage Ratio 1.48 1.53 1.66 1.68Financial Charges Coverage Ratio Post Tax 1.34 1.38 1.48 1.56Management Efficiency RatiosInventory Turnover Ratio -- -- -- --Debtors Turnover Ratio 23.68 36.78 31.50 139.20 107.96Investments Turnover Ratio -- -- -- --Fixed Assets Turnover Ratio -- -- -- --Total Assets Turnover Ratio -- -- -- --Asset Turnover Ratio 0.14 0.15 0.13 0.11Average Raw Material Holding -- -- -- --

Average Finished Goods Held -- -- -- --Number of Days In Working Capital 2,116.56 1,893.77 2,405.35 3,304.31 3,114.34Profit & Loss Account RatiosMaterial Cost Composition -- -- -- --Imported Composition of Raw Materials Consumed

-- -- -- --

Selling Distribution Cost Composition -- -- 0.02 0.04Expenses as Composition of Total Sales 0.09 -- -- 0.02Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 23.17 22.31 22.30 23.49Dividend Payout Ratio Cash Profit 22.84 21.97 21.87 22.89Earning Retention Ratio 76.83 77.69 78.27 72.80Cash Earning Retention Ratio 77.16 78.03 78.69 73.60AdjustedCash Flow Times 26.81 22.36 22.19 31.84



74.Key Financial Ratios of ABB

Dec '13

Dec '12 Dec '11 Dec '10 Dec '09

Investment Valuation RatiosFace Value 2.00 2.00 2.00 2.00Dividend Per Share 3.00 3.00 3.00 2.00Operating Profit Per Share (Rs) 22.18 15.88 14.38 10.81Net Operating Profit Per Share (Rs) 364.40 356.99 349.11 298.05 295.31Free Reserves Per Share (Rs) -- -- 117.20 111.97 111.31Bonus in Equity Capital 44.33 44.33 44.35 44.35Profitability RatiosOperating Profit Margin(%) 6.08 4.44 4.11 3.62Profit Before Interest And Tax Margin(%) 4.74 3.20 3.01 2.78Gross Profit Margin(%) 4.74 3.20 3.04 2.80Cash Profit Margin(%) 3.62 3.05 3.19 3.35Adjusted Cash Margin(%) 3.62 3.05 3.19 3.35Net Profit Margin(%) 2.31 1.81 2.47 0.99Adjusted Net Profit Margin(%) 2.31 1.81 2.47 0.99Return On Capital Employed(%) 11.32 8.52 11.53 9.65Return On Net Worth(%) 6.69 5.28 7.28 2.60Adjusted Return on Net Worth(%) 6.60 5.28 6.27 6.68Return on Assets Excluding Revaluations 126.35 122.60 119.60 114.38 113.72Return on Assets Including Revaluations 126.35 122.60 119.60 114.38 114.38Return on Long Term Funds(%) 13.95 9.60 11.53 9.65Liquidity And Solvency Ratios

Current Ratio 1.28 1.32 1.32 1.46Quick Ratio 1.22 1.17 1.05 1.24Debt Equity Ratio 0.23 0.13 -- --Long Term Debt Equity Ratio -- -- -- --Debt Coverage RatiosInterest Cover 3.69 5.77 9.53 13.45Total Debt to Owners Fund 0.23 0.13 -- --Financial Charges Coverage Ratio 4.72 7.94 8.02 8.17Financial Charges Coverage Ratio Post Tax 3.79 6.35 6.69 4.28Management Efficiency RatiosInventory Turnover Ratio 7.81 8.22 8.36 9.52Debtors Turnover Ratio 2.38 2.38 2.46 2.18Investments Turnover Ratio 7.81 8.22 8.36 9.52Fixed Assets Turnover Ratio 4.55 5.30 5.68 6.42Total Assets Turnover Ratio 2.43 2.71 3.11 2.62Asset Turnover Ratio 2.48 2.77 2.98 2.61Average Raw Material Holding -- -- 35.29 29.66Average Finished Goods Held -- -- 5.64 4.33Number of Days In Working Capital 66.03 56.72 43.84 70.37Profit & Loss Account RatiosMaterial Cost Composition 64.69 66.11 74.58 76.49Imported Composition of Raw Materials Consumed

50.50 46.60 31.98 32.77

Selling Distribution Cost Composition -- -- 1.81 1.96Expenses as Composition of Total Sales 15.29 13.82 15.09 16.53Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 35.45 46.26 34.45 67.02Dividend Payout Ratio Cash Profit 22.49 27.46 24.07 36.88Earning Retention Ratio 64.07 53.74 60.02 73.85Cash Earning Retention Ratio 77.32 72.54 73.35 80.17AdjustedCash Flow Times 2.21 1.42 -- --

Dec '13

Dec '12 Dec '11 Dec '10 Dec '09


75.Key Financial Ratios of Container Corporation of India

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share 12.30 17.50 16.50 15.50

Operating Profit Per Share (Rs) 56.51 80.59 78.76 77.14Net Operating Profit Per Share (Rs) 255.65 338.98 312.42 294.51 285.09Free Reserves Per Share (Rs) -- -- -- 372.96 323.61Bonus in Equity Capital 66.66 50.00 50.00 50.00Profitability RatiosOperating Profit Margin(%) -- -- -- --Profit Before Interest And Tax Margin(%) -- -- -- --Gross Profit Margin(%) -- -- -- --Cash Profit Margin(%) -- -- -- --Adjusted Cash Margin(%) 21.91 23.45 23.67 24.90Net Profit Margin(%) 18.38 19.81 20.05 21.88Adjusted Net Profit Margin(%) -- -- -- --Return On Capital Employed(%) -- -- -- --Return On Net Worth(%) -- -- -- --Adjusted Return on Net Worth(%) 14.09 14.96 15.65 17.11Return on Assets Excluding Revaluations 358.27 483.23 431.32 382.96 333.61Return on Assets Including Revaluations 358.27 483.23 431.32 382.96 333.61Return on Long Term Funds(%) 18.38 19.29 21.07 20.72Liquidity And Solvency RatiosCurrent Ratio 3.66 3.98 4.15 3.63Quick Ratio 3.64 3.97 4.14 3.61Debt Equity Ratio -- -- -- --Long Term Debt Equity Ratio -- -- -- --Debt Coverage RatiosInterest Cover -- -- -- --Total Debt to Owners Fund -- -- -- --Financial Charges Coverage Ratio -- -- -- 3,923.37 12,514.11Financial Charges Coverage Ratio Post Tax -- -- -- 3,404.93 10,243.11Management Efficiency RatiosInventory Turnover Ratio -- -- -- --Debtors Turnover Ratio 169.77 194.40 220.34 219.31 222.16Investments Turnover Ratio 334.31 363.24 497.06 -- 530.14Fixed Assets Turnover Ratio -- -- -- --Total Assets Turnover Ratio -- -- -- --Asset Turnover Ratio 0.75 0.74 0.77 0.82Average Raw Material Holding -- -- -- --Average Finished Goods Held -- -- -- --Number of Days In Working Capital 221.70 251.74 263.53 220.83 168.35Profit & Loss Account RatiosMaterial Cost Composition 0.18 0.15 0.12 0.06Imported Composition of Raw Materials Consumed

-- -- -- --

Selling Distribution Cost Composition -- -- -- 0.73Expenses as Composition of Total Sales -- -- -- --Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 24.35 24.19 24.43 23.00Dividend Payout Ratio Cash Profit 20.42 20.44 20.69 19.73Earning Retention Ratio 75.65 75.81 75.57 76.35Cash Earning Retention Ratio 79.58 79.56 79.31 79.80AdjustedCash Flow Times -- -- -- --

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


76.Key Financial Ratios of GlaxoSmithKline Pharmaceuticals

Dec '13

Dec '12 Dec '11 Dec '10 Dec '09

Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share 50.00 50.00 45.00 40.00Operating Profit Per Share (Rs) 61.64 96.71 93.11 91.01Net Operating Profit Per Share (Rs) 300.60 310.53 276.95 250.90 222.44Free Reserves Per Share (Rs) -- -- 216.16 217.45 197.18Bonus in Equity Capital 48.03 48.03 48.03 48.03Profitability RatiosOperating Profit Margin(%) -- -- 33.61 36.27Profit Before Interest And Tax Margin(%) -- -- 30.53 33.47Gross Profit Margin(%) -- -- 32.74 35.44Cash Profit Margin(%) -- -- 26.27 27.07Adjusted Cash Margin(%) 18.04 26.32 26.27 27.07Net Profit Margin(%) 18.26 20.44 17.11 25.05Adjusted Net Profit Margin(%) -- -- 17.11 25.05Return On Capital Employed(%) -- -- 48.75 45.35Return On Net Worth(%) -- -- 22.42 29.19Adjusted Return on Net Worth(%) 23.58 36.09 33.36 30.64Return on Assets Excluding Revaluations 238.15 237.30 226.67 227.95 207.68Return on Assets Including Revaluations 238.15 237.30 226.67 227.95 207.68Return on Long Term Funds(%) 34.79 49.38 48.75 45.35Liquidity And Solvency RatiosCurrent Ratio 2.60 2.65 2.46 2.94Quick Ratio 2.21 2.31 2.11 2.53Debt Equity Ratio -- -- -- --Long Term Debt Equity Ratio -- -- -- --Debt Coverage RatiosInterest Cover -- -- 2,866.20 1,412.90 2,126.03Total Debt to Owners Fund 0.00 0.00 0.00 0.00Financial Charges Coverage Ratio -- -- 2,928.54 1,441.27 2,170.75Financial Charges Coverage Ratio Post Tax -- -- 1,378.56 936.34 1,445.42Management Efficiency RatiosInventory Turnover Ratio -- -- 7.33 7.82Debtors Turnover Ratio 23.99 26.14 35.45 42.18

Investments Turnover Ratio 7.44 9.33 7.33 7.82Fixed Assets Turnover Ratio -- -- 8.64 6.67Total Assets Turnover Ratio -- -- 1.22 1.10Asset Turnover Ratio 1.26 1.34 1.22 1.15Average Raw Material Holding -- -- 65.73 73.53Average Finished Goods Held -- -- 54.74 47.59Number of Days In Working Capital 235.02 223.12 244.59 280.85 278.86Profit & Loss Account RatiosMaterial Cost Composition 47.62 39.87 41.25 37.67Imported Composition of Raw Materials Consumed

14.47 32.82 21.56 28.15


Dec '13

Dec '12 Dec '11 Dec '10 Dec '09


77.Key Financial Ratios of Colgate Palmolive (India)

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 1.00 1.00 1.00 1.00Dividend Per Share 27.00 28.00 25.00 22.00Operating Profit Per Share (Rs) 48.83 48.30 42.54 38.25Net Operating Profit Per Share (Rs) 263.16 232.65 197.66 167.98 148.16Free Reserves Per Share (Rs) -- -- -- 27.24Bonus in Equity Capital 82.25 82.27 82.27 82.27Profitability RatiosOperating Profit Margin(%) -- -- 21.52 22.77Profit Before Interest And Tax Margin(%) -- -- 19.69 20.93Gross Profit Margin(%) -- -- 20.06 21.27Cash Profit Margin(%) -- -- 17.70 18.54Adjusted Cash Margin(%) 14.50 16.81 17.70 18.54Net Profit Margin(%) 14.87 15.45 16.30 17.34Adjusted Net Profit Margin(%) -- -- 16.30 17.34Return On Capital Employed(%) -- -- 135.27 135.93 144.74

Return On Net Worth(%) -- -- 102.54 104.82 129.78Adjusted Return on Net Worth(%) 79.26 101.46 102.33 103.15 125.63Return on Assets Excluding Revaluations 44.11 36.00 32.02 28.24Return on Assets Including Revaluations 44.11 36.00 32.02 28.24Return on Long Term Funds(%) 110.61 135.42 135.27 135.93 144.74Liquidity And Solvency RatiosCurrent Ratio 0.85 1.07 1.09 1.12Quick Ratio 0.57 0.82 0.76 0.83Debt Equity Ratio -- -- -- --Long Term Debt Equity Ratio -- -- -- --Debt Coverage RatiosInterest Cover -- -- 389.32 158.91 318.20Total Debt to Owners Fund -- -- -- 0.00Financial Charges Coverage Ratio -- -- 415.31 64.60Financial Charges Coverage Ratio Post Tax -- -- 322.11 51.72Management Efficiency RatiosInventory Turnover Ratio -- -- 12.89 16.24Debtors Turnover Ratio 52.65 37.56 41.28 86.64 192.78Investments Turnover Ratio 15.85 17.07 12.89 16.24Fixed Assets Turnover Ratio -- -- 5.14 4.24Total Assets Turnover Ratio -- -- 6.17 6.65Asset Turnover Ratio 6.57 6.84 6.56 6.39Average Raw Material Holding -- -- -- 20.12Average Finished Goods Held -- -- -- 26.20Number of Days In Working Capital -15.91 3.76 6.17 9.75Profit & Loss Account RatiosMaterial Cost Composition 40.28 39.16 41.07 39.88Imported Composition of Raw Materials Consumed

15.69 15.14 11.60 8.38

Selling Distribution Cost Composition -- -- -- 18.48Expenses as Composition of Total Sales 2.24 3.58 3.69 3.12Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 68.01 76.65 76.14 74.31Dividend Payout Ratio Cash Profit 62.16 70.45 69.98 68.48Earning Retention Ratio 22.78 23.35 23.70 24.48Cash Earning Retention Ratio 30.23 29.55 29.88 30.49AdjustedCash Flow Times -- -- -- 0.00

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


78.Key Financial Ratios of Bharat Electronics

Mar Mar '13 Mar '12 Mar '11 Mar '10

'14

Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share 23.30 22.30 20.80 21.60Operating Profit Per Share (Rs) 111.39 80.31 76.83 117.58 105.43Net Operating Profit Per Share (Rs) 784.44 762.98 720.96 685.26 649.45Free Reserves Per Share (Rs) -- -- -- 611.79 529.28Bonus in Equity Capital -- -- -- --Profitability RatiosOperating Profit Margin(%) 14.19 10.52 10.65 17.15Profit Before Interest And Tax Margin(%) 11.17 7.62 7.77 14.16Gross Profit Margin(%) 11.93 8.38 8.56 14.93Cash Profit Margin(%) 16.00 15.29 15.02 16.14Adjusted Cash Margin(%) 16.00 15.29 15.02 16.14Net Profit Margin(%) 13.89 13.25 13.06 14.90Adjusted Net Profit Margin(%) 13.89 13.25 13.06 14.90Return On Capital Employed(%) 16.74 17.74 19.14 22.32Return On Net Worth(%) 13.27 14.11 14.76 17.22Adjusted Return on Net Worth(%) 13.26 14.21 14.82 16.21Return on Assets Excluding Revaluations 877.15 787.96 702.78 625.32 543.21Return on Assets Including Revaluations 877.15 787.96 702.78 625.32 543.21Return on Long Term Funds(%) 16.74 17.74 19.14 22.32Liquidity And Solvency RatiosCurrent Ratio 1.82 1.69 1.54 1.54Quick Ratio 1.34 1.26 1.23 1.21Debt Equity Ratio -- -- -- --Long Term Debt Equity Ratio -- -- -- --Debt Coverage RatiosInterest Cover 346.72 1,435.01 1,798.54 2,575.87 1,743.83Total Debt to Owners Fund 0.00 0.00 0.00 --Financial Charges Coverage Ratio 388.56 1,602.22 1,999.84 114.84 111.87Financial Charges Coverage Ratio Post Tax 317.16 1,306.54 1,585.23 92.17Management Efficiency RatiosInventory Turnover Ratio 1.90 1.91 2.16 2.27Debtors Turnover Ratio 1.68 2.03 2.06 2.16Investments Turnover Ratio 1.90 1.91 2.16 2.27Fixed Assets Turnover Ratio 2.84 2.97 3.07 3.09Total Assets Turnover Ratio 0.89 0.97 1.02 1.10Asset Turnover Ratio 0.94 1.02 1.08 1.17Average Raw Material Holding -- -- -- 225.53 220.58Average Finished Goods Held -- -- -- 15.38Number of Days In Working Capital 332.11 307.55 290.69 284.12 264.20Profit & Loss Account RatiosMaterial Cost Composition 57.10 66.92 63.61 57.20Imported Composition of Raw Materials Consumed

-- -- -- --

Selling Distribution Cost Composition -- -- -- 0.43Expenses as Composition of Total Sales 3.92 2.72 3.25 2.94Cash Flow Indicator Ratios

Dividend Payout Ratio Net Profit 20.00 20.04 20.05 20.05Dividend Payout Ratio Cash Profit 17.36 17.48 17.50 17.56Earning Retention Ratio 79.98 80.10 80.05 78.70Cash Earning Retention Ratio 82.63 82.63 82.57 81.49AdjustedCash Flow Times 0.01 0.02 0.02 0.00

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


79.Key Financial Ratios of Shriram Transport Finance Corporation


Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share 7.00 7.00 6.50 6.50Operating Profit Per Share (Rs) 254.82 215.96 193.68 174.38 154.96Net Operating Profit Per Share (Rs) 347.32 289.08 259.97 231.26 195.23Free Reserves Per Share (Rs) -- -- 179.57 155.00 128.58Bonus in Equity Capital -- -- -- --Profitability RatiosOperating Profit Margin(%) 73.36 74.70 74.50 75.40Profit Before Interest And Tax Margin(%) 72.92 74.36 74.21 73.30Gross Profit Margin(%) 72.99 74.42 74.27 75.19Cash Profit Margin(%) 16.39 21.00 21.89 22.14Adjusted Cash Margin(%) 16.39 21.00 21.89 22.14Net Profit Margin(%) 16.02 20.72 21.35 22.92Adjusted Net Profit Margin(%) 16.02 20.72 21.35 22.92Return On Capital Employed(%) 16.95 16.07 18.37 16.36Return On Net Worth(%) 15.28 18.91 21.38 25.26Adjusted Return on Net Worth(%) 15.28 18.91 21.42 23.94Return on Assets Excluding Revaluations 364.65 317.14 259.82 215.22 168.40Return on Assets Including Revaluations 364.65 317.14 259.82 215.22 168.40Return on Long Term Funds(%) 18.59 18.61 21.07 16.94Liquidity And Solvency RatiosCurrent Ratio 2.20 1.86 1.75 3.42Quick Ratio 3.03 2.83 2.61 4.06Debt Equity Ratio 3.11 3.22 2.96 4.05Long Term Debt Equity Ratio 2.75 2.65 2.45 3.88Debt Coverage RatiosInterest Cover 1.46 1.70 1.90 1.84Total Debt to Owners Fund 3.11 3.22 2.96 4.05Financial Charges Coverage Ratio 1.47 1.71 1.77 1.80

Financial Charges Coverage Ratio Post Tax 1.33 1.48 1.52 1.55Management Efficiency RatiosInventory Turnover Ratio -- -- -- --Debtors Turnover Ratio -- -- -- -- 2,205.60Investments Turnover Ratio -- -- -- --Fixed Assets Turnover Ratio -- -- -- --Total Assets Turnover Ratio -- -- -- --Asset Turnover Ratio 0.24 0.24 0.24 0.22Average Raw Material Holding -- -- -- --Average Finished Goods Held -- -- -- --Number of Days In Working Capital 1,422.88 1,460.11 1,203.44 1,458.98 1,664.97Profit & Loss Account RatiosMaterial Cost Composition -- -- -- --Imported Composition of Raw Materials Consumed

-- -- -- --

Selling Distribution Cost Composition -- -- 0.18 1.85Expenses as Composition of Total Sales -- -- -- --Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 12.56 11.68 11.69 11.94Dividend Payout Ratio Cash Profit 12.27 11.53 11.42 11.72Earning Retention Ratio 87.44 88.32 88.33 87.40Cash Earning Retention Ratio 87.73 88.47 88.60 87.65AdjustedCash Flow Times 19.87 16.82 13.75 16.73



80.Key Financial Ratios of DLF

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 2.00 2.00 2.00 2.00Dividend Per Share 2.00 2.00 2.00 2.00Operating Profit Per Share (Rs) 6.92 8.18 12.42 10.48Net Operating Profit Per Share (Rs) 13.39 12.66 20.56 17.18Free Reserves Per Share (Rs) -- -- -- 71.90Bonus in Equity Capital 75.14 78.80 78.81 78.85Profitability RatiosOperating Profit Margin(%) 51.69 64.62 60.43 61.03Profit Before Interest And Tax Margin(%) 30.20 37.75 42.99 40.78Gross Profit Margin(%) 48.43 58.02 56.42 56.58Cash Profit Margin(%) 26.30 19.55 25.79 32.47Adjusted Cash Margin(%) 26.30 19.55 25.79 32.47

Net Profit Margin(%) 13.77 15.17 22.73 31.37Adjusted Net Profit Margin(%) 13.77 15.17 22.73 31.37Return On Capital Employed(%) 9.86 9.34 11.56 9.45Return On Net Worth(%) 3.16 3.43 7.18 9.19Adjusted Return on Net Worth(%) 5.57 3.45 7.18 8.21Return on Assets Excluding Revaluations 93.43 86.03 85.35 81.35Return on Assets Including Revaluations 93.43 86.03 85.35 81.35Return on Long Term Funds(%) 10.90 10.49 12.71 9.54Liquidity And Solvency RatiosCurrent Ratio 1.64 1.54 1.74 3.51Quick Ratio 1.65 1.48 1.74 2.49Debt Equity Ratio 0.58 0.76 0.83 1.09Long Term Debt Equity Ratio 0.43 0.57 0.66 1.07Debt Coverage RatiosInterest Cover 1.56 1.41 1.97 2.40Total Debt to Owners Fund 0.58 0.76 0.83 1.09Financial Charges Coverage Ratio 1.60 1.49 2.06 2.26Financial Charges Coverage Ratio Post Tax 1.36 1.38 1.76 2.13Management Efficiency RatiosInventory Turnover Ratio 0.29 0.24 0.43 --Debtors Turnover Ratio 7.91 4.67 8.84 6.64Investments Turnover Ratio 0.29 0.24 0.43 --Fixed Assets Turnover Ratio 1.51 0.88 1.46 --Total Assets Turnover Ratio 0.09 0.08 0.13 0.12Asset Turnover Ratio 0.09 0.08 0.13 0.11Average Raw Material Holding -- -- -- --Average Finished Goods Held -- -- -- --Number of Days In Working Capital 879.43 1,203.51 1,037.95 2,247.41 2,412.63Profit & Loss Account RatiosMaterial Cost Composition -- -- -- --Imported Composition of Raw Materials Consumed

-- -- -- --


Mar '14

Mar '13 Mar '12 Mar '11 Mar '10



United Breweries

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 1.00 1.00 1.00 1.00Dividend Per Share 0.90 0.70 0.70 0.60Operating Profit Per Share (Rs) 22.21 18.02 15.58 13.84Net Operating Profit Per Share (Rs) 160.19 147.62 137.20 118.23Free Reserves Per Share (Rs) -- -- -- 39.65Bonus in Equity Capital -- -- -- --Profitability RatiosOperating Profit Margin(%) 13.86 12.20 11.35 11.70Profit Before Interest And Tax Margin(%) 9.14 7.76 7.11 7.18Gross Profit Margin(%) 9.19 7.84 7.26 7.36Cash Profit Margin(%) 9.93 8.68 7.96 8.83Adjusted Cash Margin(%) 9.93 8.68 7.96 8.83Net Profit Margin(%) 5.29 4.36 3.41 4.77Adjusted Net Profit Margin(%) 5.29 4.36 3.41 4.77Return On Capital Employed(%) 15.20 12.28 15.26 14.39Return On Net Worth(%) 13.68 11.83 9.60 13.35Adjusted Return on Net Worth(%) 13.68 11.83 11.12 12.86Return on Assets Excluding Revaluations 61.72 54.33 48.83 41.14Return on Assets Including Revaluations 61.72 54.33 48.83 41.14Return on Long Term Funds(%) 18.53 15.32 19.02 19.53Liquidity And Solvency RatiosCurrent Ratio 1.12 1.08 0.96 1.03Quick Ratio 1.40 1.61 1.32 1.72Debt Equity Ratio 0.67 0.96 0.71 0.98Long Term Debt Equity Ratio 0.37 0.57 0.37 0.46Debt Coverage RatiosInterest Cover 5.19 4.32 3.39 3.96Total Debt to Owners Fund 0.67 0.96 0.71 0.98Financial Charges Coverage Ratio 7.66 6.45 4.89 5.50Financial Charges Coverage Ratio Post Tax 6.30 5.29 3.78 4.56Management Efficiency RatiosInventory Turnover Ratio 7.80 7.61 9.07 21.88Debtors Turnover Ratio 4.78 5.16 5.98 5.33Investments Turnover Ratio 7.80 7.61 9.07 21.88Fixed Assets Turnover Ratio 1.59 1.59 1.85 1.85Total Assets Turnover Ratio 1.57 1.40 1.66 1.55Asset Turnover Ratio 1.53 1.56 1.69 1.54Average Raw Material Holding -- -- -- 72.22Average Finished Goods Held -- -- -- 2.62Number of Days In Working Capital 93.08 106.58 67.96 82.89 152.19Profit & Loss Account RatiosMaterial Cost Composition 43.16 43.83 45.22 46.85Imported Composition of Raw Materials 5.29 5.31 4.87 5.72

ConsumedSelling Distribution Cost Composition -- -- -- 28.51Expenses as Composition of Total Sales 0.06 0.05 0.04 0.06Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 10.65 10.88 14.92 11.31Dividend Payout Ratio Cash Profit 5.65 5.44 6.78 5.85Earning Retention Ratio 89.35 89.12 87.12 88.26Cash Earning Retention Ratio 94.35 94.56 93.67 94.04AdjustedCash Flow Times 2.40 3.80 2.84 2.87

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


82.Key Financial Ratios of Castrol India

Dec '13

Dec '12 Dec '11 Dec '10 Dec '09

Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share 7.00 10.50 15.00 15.00Operating Profit Per Share (Rs) 13.90 12.59 27.65 29.75Net Operating Profit Per Share (Rs) 64.29 63.10 125.09 113.42 194.60Free Reserves Per Share (Rs) -- -- 13.88 11.83Bonus in Equity Capital 98.52 98.52 97.05 97.05Profitability RatiosOperating Profit Margin(%) 21.62 19.94 22.10 26.23Profit Before Interest And Tax Margin(%) 20.13 18.66 20.90 25.08Gross Profit Margin(%) 20.66 19.09 21.29 25.36Cash Profit Margin(%) 15.81 14.84 15.97 18.19Adjusted Cash Margin(%) 15.81 14.84 15.97 18.19Net Profit Margin(%) 15.58 14.01 15.26 17.28Adjusted Net Profit Margin(%) 15.58 14.01 15.26 17.28Return On Capital Employed(%) 98.56 102.91 118.58 134.18 122.49Return On Net Worth(%) 67.68 68.91 79.61 88.58Adjusted Return on Net Worth(%) 64.64 68.91 79.15 88.83Return on Assets Excluding Revaluations 15.19 13.13 24.43 22.38Return on Assets Including Revaluations 15.19 13.13 24.43 22.38Return on Long Term Funds(%) 98.56 102.91 118.58 134.18 122.49Liquidity And Solvency RatiosCurrent Ratio 1.67 1.59 1.57 1.54Quick Ratio 1.17 1.13 1.12 1.16Debt Equity Ratio -- -- -- --Long Term Debt Equity Ratio -- -- -- --

Debt Coverage RatiosInterest Cover 433.14 365.11 426.48 482.29 253.69Total Debt to Owners Fund -- -- -- --Financial Charges Coverage Ratio 450.95 379.67 388.27 316.96 183.63Financial Charges Coverage Ratio Post Tax 316.22 260.03 265.99 213.66 119.33Management Efficiency RatiosInventory Turnover Ratio 8.50 9.88 11.83 13.53Debtors Turnover Ratio 13.92 14.23 15.57 16.55Investments Turnover Ratio 8.50 9.88 11.83 13.53Fixed Assets Turnover Ratio 9.61 9.69 10.31 9.69Total Assets Turnover Ratio 4.23 4.81 5.18 5.12Asset Turnover Ratio 4.54 4.98 5.34 5.35Average Raw Material Holding -- -- 36.26 32.68Average Finished Goods Held -- -- 27.17 26.72Number of Days In Working Capital 59.20 48.22 47.71 53.47Profit & Loss Account RatiosMaterial Cost Composition 57.26 58.88 55.68 50.25Imported Composition of Raw Materials Consumed

59.57 60.70 61.33 55.63


Dec '13

Dec '12 Dec '11 Dec '10 Dec '09


83.Key Financial Ratios of LIC Housing Finance


Investment Valuation RatiosFace Value 2.00 2.00 2.00 2.00Dividend Per Share 4.50 3.80 3.60 3.50Operating Profit Per Share (Rs) 175.45 143.12 113.52 87.45 348.53Net Operating Profit Per Share (Rs) 181.93 150.12 121.17 97.33 364.07Free Reserves Per Share (Rs) -- -- 76.14 54.36 217.07Bonus in Equity Capital -- -- -- --Profitability RatiosOperating Profit Margin(%) 96.43 95.33 93.69 89.84

Profit Before Interest And Tax Margin(%) 94.77 94.20 93.21 89.33Gross Profit Margin(%) 96.35 95.23 93.57 89.70Cash Profit Margin(%) 14.19 13.45 13.75 16.21Adjusted Cash Margin(%) 14.19 13.45 13.75 16.21Net Profit Margin(%) 14.11 13.35 14.89 21.00Adjusted Net Profit Margin(%) 14.11 13.35 14.89 21.00Return On Capital Employed(%) 11.39 11.19 10.72 8.43Return On Net Worth(%) 17.48 15.78 16.08 23.37Adjusted Return on Net Worth(%) 17.48 15.78 14.73 17.88Return on Assets Excluding Revaluations 149.27 128.43 112.59 87.83 356.85Return on Assets Including Revaluations 149.27 128.43 112.59 87.83 356.85Return on Long Term Funds(%) 11.96 11.63 11.00 8.53Liquidity And Solvency RatiosCurrent Ratio 3.98 4.00 4.74 10.80Quick Ratio 5.67 5.21 5.88 12.09Debt Equity Ratio 9.49 9.06 8.42 10.83Long Term Debt Equity Ratio 8.99 8.68 8.19 10.75Debt Coverage RatiosInterest Cover 1.25 1.23 1.25 1.35Total Debt to Owners Fund 9.49 9.06 8.42 10.83Financial Charges Coverage Ratio 1.26 1.23 1.25 1.35Financial Charges Coverage Ratio Post Tax 1.18 1.17 1.20 1.32Management Efficiency RatiosInventory Turnover Ratio -- -- -- --Debtors Turnover Ratio 142.44 120.53 93.96 --Investments Turnover Ratio -- -- -- --Fixed Assets Turnover Ratio -- -- -- --Total Assets Turnover Ratio -- -- -- --Asset Turnover Ratio 0.13 0.13 0.12 0.11Average Raw Material Holding -- -- -- --Average Finished Goods Held -- -- -- --Number of Days In Working Capital 3,093.96 3,090.27 3,169.00 3,769.32 3,824.89Profit & Loss Account RatiosMaterial Cost Composition -- -- -- --Imported Composition of Raw Materials Consumed

-- -- -- --




84.Key Financial Ratios of Cummins India

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 2.00 2.00 2.00 2.00Dividend Per Share 13.00 13.00 11.00 15.00Operating Profit Per Share (Rs) 25.13 30.12 25.15 36.68Net Operating Profit Per Share (Rs) 143.46 165.56 148.53 202.42 143.99Free Reserves Per Share (Rs) -- -- 71.68 89.19Bonus in Equity Capital 97.29 97.29 97.29 96.21Profitability RatiosOperating Profit Margin(%) 17.52 18.19 16.93 18.12Profit Before Interest And Tax Margin(%) 15.50 16.42 15.60 16.74Gross Profit Margin(%) 16.19 17.16 15.91 17.20Cash Profit Margin(%) 15.71 15.63 12.87 15.45Adjusted Cash Margin(%) 15.71 15.63 12.87 15.45Net Profit Margin(%) 14.44 15.93 14.08 14.34Adjusted Net Profit Margin(%) 14.44 15.93 14.08 14.34Return On Capital Employed(%) 32.03 41.66 36.08 43.91Return On Net Worth(%) 23.39 32.01 28.93 32.71Adjusted Return on Net Worth(%) 23.39 29.43 24.41 33.22Return on Assets Excluding Revaluations 92.54 86.10 73.71 91.23Return on Assets Including Revaluations 92.54 86.10 73.71 91.23Return on Long Term Funds(%) 32.03 41.66 36.08 44.36Liquidity And Solvency RatiosCurrent Ratio 1.87 1.89 1.74 1.56Quick Ratio 1.42 1.48 1.18 1.08Debt Equity Ratio -- -- -- 0.01Long Term Debt Equity Ratio -- -- -- --Debt Coverage RatiosInterest Cover 196.58 215.69 304.67 422.10 298.67Total Debt to Owners Fund -- -- -- 0.01Financial Charges Coverage Ratio 209.20 225.94 144.05 441.40 316.27Financial Charges Coverage Ratio Post Tax 157.17 177.00 118.05 331.63 235.04Management Efficiency RatiosInventory Turnover Ratio 7.21 8.65 7.96 8.45Debtors Turnover Ratio 4.86 5.99 5.90 6.46Investments Turnover Ratio 7.21 8.65 7.96 8.45Fixed Assets Turnover Ratio 2.72 4.64 4.48 5.02Total Assets Turnover Ratio 1.55 1.93 2.02 2.23Asset Turnover Ratio 1.61 2.07 2.13 2.36Average Raw Material Holding -- -- 44.12 46.64Average Finished Goods Held -- -- 18.39 11.15Number of Days In Working Capital 100.89 92.93 71.91 58.22Profit & Loss Account Ratios


22.31 21.34 19.72 22.52

Selling Distribution Cost Composition -- -- 2.63 0.87Expenses as Composition of Total Sales 31.64 28.67 30.02 27.35Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 60.05 47.16 51.57 50.25Dividend Payout Ratio Cash Profit 55.20 44.41 48.15 47.32Earning Retention Ratio 39.95 48.71 38.88 50.51Cash Earning Retention Ratio 44.80 51.94 43.63 53.36AdjustedCash Flow Times -- -- -- 0.03

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


85.Key Financial Ratios of GlaxoSmithKline Consumer Healthcare

Mar '14 Dec '12 Dec '11 Dec '10 Dec '09

Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share 45.00 45.00 35.00 50.00Operating Profit Per Share (Rs) 207.53 136.35 122.32 105.51Net Operating Profit Per Share (Rs) 1,157.65 757.92 656.61 561.03 470.09Free Reserves Per Share (Rs) -- -- 261.27 217.49 204.42Bonus in Equity Capital 98.67 98.67 98.67 98.67Profitability RatiosOperating Profit Margin(%) 17.92 17.98 18.62 18.80Profit Before Interest And Tax Margin(%) 15.96 16.27 16.47 16.73Gross Profit Margin(%) 16.64 16.85 16.96 17.12Cash Profit Margin(%) 14.52 14.32 14.59 14.24Adjusted Cash Margin(%) 14.52 14.32 14.59 14.24Net Profit Margin(%) 13.29 13.22 12.49 12.41Adjusted Net Profit Margin(%) 13.29 13.22 12.49 12.41Return On Capital Employed(%) 56.10 47.84 48.15 47.81Return On Net Worth(%) 37.22 32.09 31.04 31.23Adjusted Return on Net Worth(%) 37.22 32.09 32.25 31.68Return on Assets Excluding Revaluations 431.06 323.61 272.06 228.28 215.21Return on Assets Including Revaluations 431.06 323.61 272.06 228.28 215.21Return on Long Term Funds(%) 56.10 47.84 48.15 47.81Liquidity And Solvency RatiosCurrent Ratio 1.90 1.81 1.42 1.42Quick Ratio 1.59 1.45 1.19 1.19

Debt Equity Ratio -- -- -- --Long Term Debt Equity Ratio -- -- -- --Debt Coverage RatiosInterest Cover 966.57 268.69 158.93 176.46Total Debt to Owners Fund -- -- -- --Financial Charges Coverage Ratio 1,026.01 283.58 172.20 191.72Financial Charges Coverage Ratio Post Tax 701.65 196.12 116.73 131.53Management Efficiency RatiosInventory Turnover Ratio 11.95 9.11 8.46 8.69Debtors Turnover Ratio 23.64 30.10 36.89 57.62Investments Turnover Ratio 11.95 8.62 8.46 8.69Fixed Assets Turnover Ratio 6.24 5.40 4.84 4.43Total Assets Turnover Ratio 2.69 2.46 2.56 2.64Asset Turnover Ratio 3.07 2.54 2.62 2.53Average Raw Material Holding -- -- 42.55 42.67Average Finished Goods Held -- -- 47.19 48.32Number of Days In Working Capital 90.78 98.95 96.80 99.09 122.52Profit & Loss Account RatiosMaterial Cost Composition 35.67 36.67 38.69 38.00Imported Composition of Raw Materials Consumed

3.11 2.60 2.08 2.43


Mar '14 Dec '12 Dec '11 Dec '10 Dec '09


86.Key Financial Ratios of NHPC

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share 0.30 0.60 0.70 0.60Operating Profit Per Share (Rs) 2.59 2.70 2.99 2.25Net Operating Profit Per Share (Rs) 5.00 4.31 4.60 3.43Free Reserves Per Share (Rs) -- -- -- 9.21Bonus in Equity Capital -- -- -- --

Profitability RatiosOperating Profit Margin(%) 51.69 62.63 65.08 65.48Profit Before Interest And Tax Margin(%) 23.61 37.37 41.51 36.86Gross Profit Margin(%) 29.83 44.37 49.30 43.78Cash Profit Margin(%) 38.50 48.85 54.40 47.07Adjusted Cash Margin(%) 38.50 48.85 54.40 47.07Net Profit Margin(%) 13.99 37.27 41.27 43.17Adjusted Net Profit Margin(%) 13.99 37.27 41.27 43.17Return On Capital Employed(%) 6.96 7.39 8.99 6.75Return On Net Worth(%) 3.75 8.43 10.51 8.81Adjusted Return on Net Worth(%) 5.68 7.57 10.47 5.88Return on Assets Excluding Revaluations 23.55 22.63 21.42 19.99Return on Assets Including Revaluations 23.55 22.63 21.42 19.99Return on Long Term Funds(%) 6.96 7.39 9.02 6.75Liquidity And Solvency RatiosCurrent Ratio 1.37 1.53 1.39 0.94Quick Ratio 1.36 1.52 1.43 0.93Debt Equity Ratio 0.71 0.63 0.62 0.59Long Term Debt Equity Ratio 0.71 0.63 0.62 0.60Debt Coverage RatiosInterest Cover 3.04 8.69 11.25 5.38Total Debt to Owners Fund 0.71 0.63 0.62 0.59Financial Charges Coverage Ratio 4.22 11.20 13.85 7.21Financial Charges Coverage Ratio Post Tax 3.14 9.61 11.71 7.24Management Efficiency RatiosInventory Turnover Ratio 76.59 92.98 129.07 187.04 102.78Debtors Turnover Ratio 2.83 2.59 2.86 2.77Investments Turnover Ratio 76.59 92.98 129.07 187.04 102.78Fixed Assets Turnover Ratio 0.17 0.21 0.25 0.19Total Assets Turnover Ratio 0.13 0.12 0.13 0.11Asset Turnover Ratio 0.12 0.12 0.14 0.11Average Raw Material Holding -- -- -- --Average Finished Goods Held -- -- -- --Number of Days In Working Capital 122.71 156.40 108.41 -47.60 193.41Profit & Loss Account RatiosMaterial Cost Composition 0.48 0.50 0.17 0.09Imported Composition of Raw Materials Consumed

-- -- -- --

Selling Distribution Cost Composition -- -- -- 0.17Expenses as Composition of Total Sales -- 0.05 -- --Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 33.93 31.43 31.06 34.06Dividend Payout Ratio Cash Profit 15.16 22.24 23.49 23.93Earning Retention Ratio 77.59 64.99 68.82 48.95Cash Earning Retention Ratio 87.67 76.02 76.44 68.76AdjustedCash Flow Times 6.90 5.66 4.50 6.17

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


87.Key Financial Ratios of Bharat Forge

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 2.00 2.00 2.00 2.00Dividend Per Share 4.50 3.40 4.00 3.50Operating Profit Per Share (Rs) 37.10 30.74 39.40 30.94Net Operating Profit Per Share (Rs) 146.02 135.37 158.34 126.61Free Reserves Per Share (Rs) -- -- 83.90 79.36Bonus in Equity Capital 18.64 18.64 18.64 18.64Profitability RatiosOperating Profit Margin(%) 25.40 22.70 24.88 24.43Profit Before Interest And Tax Margin(%) 17.59 15.16 18.77 17.64Gross Profit Margin(%) 18.19 15.60 19.05 17.88Cash Profit Margin(%) 18.01 16.00 17.53 16.76Adjusted Cash Margin(%) 18.01 16.00 17.53 16.76Net Profit Margin(%) 11.38 9.42 9.68 10.39Adjusted Net Profit Margin(%) 11.38 9.42 9.68 10.39Return On Capital Employed(%) 17.62 15.35 19.74 16.31Return On Net Worth(%) 14.84 13.22 16.89 15.56Adjusted Return on Net Worth(%) 14.39 12.76 20.56 15.41Return on Assets Excluding Revaluations 115.69 99.28 92.06 85.71Return on Assets Including Revaluations 115.69 99.28 92.06 85.71Return on Long Term Funds(%) 18.08 15.51 20.18 16.63Liquidity And Solvency RatiosCurrent Ratio 1.28 1.43 1.30 1.31Quick Ratio 1.10 1.13 1.12 1.10Debt Equity Ratio 0.54 0.64 0.79 0.74Long Term Debt Equity Ratio 0.50 0.63 0.75 0.71Debt Coverage RatiosInterest Cover 4.90 3.80 6.74 5.14Total Debt to Owners Fund 0.54 0.64 0.79 0.74Financial Charges Coverage Ratio 6.54 5.26 7.47 6.25Financial Charges Coverage Ratio Post Tax 5.31 4.45 5.44 5.15Management Efficiency RatiosInventory Turnover Ratio 6.69 6.62 10.09 8.62Debtors Turnover Ratio 6.80 6.53 8.09 8.11Investments Turnover Ratio 6.69 6.62 10.09 8.62Fixed Assets Turnover Ratio 0.88 0.87 1.15 1.00Total Assets Turnover Ratio 0.82 0.83 0.96 0.85Asset Turnover Ratio 0.85 0.83 1.01 0.86Average Raw Material Holding -- -- 20.75 23.44

Average Finished Goods Held -- -- 2.07 0.80Number of Days In Working Capital 45.55 77.05 86.40 96.62 144.60Profit & Loss Account RatiosMaterial Cost Composition 48.09 49.38 50.41 51.84Imported Composition of Raw Materials Consumed

4.92 5.63 2.71 3.77


Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


88.Key Financial Ratios of JSW Steel


Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share 11.00 10.00 7.50 12.25Operating Profit Per Share (Rs) 363.33 282.76 250.28 207.89 228.47

Net Operating Profit Per Share (Rs)1,873.9

61,590.72 1,436.06 1,035.28 971.27

Free Reserves Per Share (Rs) -- -- 779.30 716.51 482.39Bonus in Equity Capital -- -- -- --Profitability RatiosOperating Profit Margin(%) 19.38 17.77 17.42 20.08Profit Before Interest And Tax Margin(%) 13.27 12.12 12.02 14.01Gross Profit Margin(%) 13.37 12.21 12.09 14.11Cash Profit Margin(%) 12.60 11.58 12.79 13.71Adjusted Cash Margin(%) 12.60 11.58 12.79 13.71Net Profit Margin(%) 2.92 5.03 5.04 8.64Adjusted Net Profit Margin(%) 2.92 5.03 5.04 8.64Return On Capital Employed(%) 12.96 12.59 13.22 11.73Return On Net Worth(%) 5.55 9.02 8.77 12.07Adjusted Return on Net Worth(%) 12.75 10.88 13.11 10.87Return on Assets Excluding Revaluations 973.01 881.08 816.54 735.80 504.00Return on Assets Including Revaluations 973.01 881.08 816.54 735.80 504.00Return on Long Term Funds(%) 14.08 12.99 13.56 12.08

Liquidity And Solvency RatiosCurrent Ratio 0.82 0.88 0.76 0.78Quick Ratio 0.71 0.69 0.54 0.49Debt Equity Ratio 1.09 0.86 0.69 0.74Long Term Debt Equity Ratio 0.93 0.80 0.65 0.72Debt Coverage RatiosInterest Cover 2.33 2.67 3.43 4.44Total Debt to Owners Fund 1.09 0.86 0.69 0.74Financial Charges Coverage Ratio 3.33 3.81 4.87 5.64Financial Charges Coverage Ratio Post Tax 2.48 3.19 3.81 4.98Management Efficiency RatiosInventory Turnover Ratio 7.31 7.40 7.97 7.10Debtors Turnover Ratio 22.20 22.02 29.12 32.95Investments Turnover Ratio 7.31 7.40 7.97 7.10Fixed Assets Turnover Ratio 0.91 0.95 0.91 0.84Total Assets Turnover Ratio 0.92 0.97 1.04 0.79Asset Turnover Ratio 1.06 1.06 1.07 0.92Average Raw Material Holding -- -- 40.87 46.25Average Finished Goods Held -- -- -- 24.83Number of Days In Working Capital 21.21 26.54 -9.93 1.93 -79.80Profit & Loss Account RatiosMaterial Cost Composition 64.54 68.16 69.90 69.24Imported Composition of Raw Materials Consumed

55.75 53.47 57.27 63.54




89.Key Financial Ratios of Aditya Birla Nuvo

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share 7.00 6.50 6.00 5.50Operating Profit Per Share (Rs) 67.22 75.43 76.85 79.82

Net Operating Profit Per Share (Rs) 616.55 811.43 742.61 567.28 468.06Free Reserves Per Share (Rs) -- -- 459.27 429.25 393.52Bonus in Equity Capital 17.96 19.44 20.58 20.59Profitability RatiosOperating Profit Margin(%) 10.90 9.29 10.34 14.07Profit Before Interest And Tax Margin(%) 8.04 6.90 7.81 10.95Gross Profit Margin(%) 8.42 7.04 7.93 11.05Cash Profit Margin(%) 10.11 6.44 6.72 8.60Adjusted Cash Margin(%) 10.11 6.44 6.72 8.60Net Profit Margin(%) 8.03 4.24 4.03 5.84Adjusted Net Profit Margin(%) 8.03 4.24 4.03 5.84Return On Capital Employed(%) 8.99 8.65 8.25 8.88Return On Net Worth(%) 8.31 6.38 6.08 7.03Adjusted Return on Net Worth(%) 8.01 6.38 6.56 6.76Return on Assets Excluding Revaluations 623.26 551.51 500.24 475.79 438.73Return on Assets Including Revaluations 623.26 551.51 500.24 475.79 438.73Return on Long Term Funds(%) 11.01 11.14 11.36 10.17Liquidity And Solvency RatiosCurrent Ratio 0.76 0.96 0.87 1.00Quick Ratio 1.30 1.23 1.35 1.10Debt Equity Ratio 0.43 0.53 0.72 0.61Long Term Debt Equity Ratio 0.17 0.21 0.25 0.40Debt Coverage RatiosInterest Cover 3.93 2.49 2.57 2.96Total Debt to Owners Fund 0.43 0.53 0.72 0.61Financial Charges Coverage Ratio 4.67 3.10 3.10 3.44Financial Charges Coverage Ratio Post Tax 4.27 2.78 2.69 3.04Management Efficiency RatiosInventory Turnover Ratio 7.27 7.00 7.31 6.07Debtors Turnover Ratio 3.31 4.34 5.92 6.96Investments Turnover Ratio 7.27 7.00 7.31 6.07Fixed Assets Turnover Ratio 2.23 2.30 2.17 1.73Total Assets Turnover Ratio 0.69 0.95 0.89 0.76Asset Turnover Ratio 0.73 0.97 0.91 0.76Average Raw Material Holding -- -- 55.23 67.25Average Finished Goods Held -- -- 25.97 28.69Number of Days In Working Capital 83.37 79.75 96.03 85.34Profit & Loss Account RatiosMaterial Cost Composition 53.23 62.57 62.05 58.56Imported Composition of Raw Materials Consumed

39.02 57.77 63.46 58.03


Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


90.Key Financial Ratios of Marico

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 1.00 1.00 1.00 1.00Dividend Per Share 4.00 1.00 0.70 0.66Operating Profit Per Share (Rs) 8.68 8.10 6.76 5.59Net Operating Profit Per Share (Rs) 57.10 52.84 48.43 38.20Free Reserves Per Share (Rs) -- -- 16.83 12.52Bonus in Equity Capital 86.05 86.07 90.25 90.33Profitability RatiosOperating Profit Margin(%) 15.19 15.32 13.96 14.62Profit Before Interest And Tax Margin(%) 13.10 14.14 12.72 13.30Gross Profit Margin(%) 13.93 14.35 12.90 13.44Cash Profit Margin(%) 15.91 12.02 12.33 11.75Adjusted Cash Margin(%) 15.91 12.02 12.33 11.75Net Profit Margin(%) 14.73 12.41 11.14 13.29Adjusted Net Profit Margin(%) 14.73 12.41 11.14 13.29Return On Capital Employed(%) 31.39 20.36 25.37 23.87Return On Net Worth(%) 29.25 21.54 29.94 36.11Adjusted Return on Net Worth(%) 29.25 19.21 30.31 28.77Return on Assets Excluding Revaluations 30.60 30.89 18.28 14.21Return on Assets Including Revaluations 30.60 30.89 18.28 14.21Return on Long Term Funds(%) 33.60 22.76 29.37 34.31Liquidity And Solvency RatiosCurrent Ratio 1.32 1.69 1.69 0.99Quick Ratio 0.81 1.27 1.39 1.70Debt Equity Ratio 0.21 0.33 0.49 0.63Long Term Debt Equity Ratio 0.13 0.19 0.29 0.14Debt Coverage RatiosInterest Cover 24.57 12.34 22.13 18.77Total Debt to Owners Fund 0.21 0.33 0.49 0.63Financial Charges Coverage Ratio 26.09 13.10 20.71 12.30Financial Charges Coverage Ratio Post Tax 21.49 11.58 17.68 12.46Management Efficiency RatiosInventory Turnover Ratio 5.55 4.81 6.26 5.98Debtors Turnover Ratio 27.05 30.30 27.07 21.99Investments Turnover Ratio 5.55 4.81 6.26 5.98Fixed Assets Turnover Ratio 5.45 6.99 7.03 6.18

Total Assets Turnover Ratio 1.55 1.29 1.82 1.70Asset Turnover Ratio 1.46 1.58 1.92 1.98Average Raw Material Holding -- -- 52.01 52.83Average Finished Goods Held -- -- 30.36 32.20Number of Days In Working Capital 34.60 76.03 85.23 102.71Profit & Loss Account RatiosMaterial Cost Composition 54.04 58.58 60.59 61.29Imported Composition of Raw Materials Consumed

10.39 8.48 8.99 5.26


Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


91.Key Financial Ratios of Britannia Industries

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 2.00 2.00 2.00 2.00Dividend Per Share 12.00 8.50 8.50 6.50Operating Profit Per Share (Rs) 49.75 31.08 23.38 19.29Net Operating Profit Per Share (Rs) 525.94 469.81 416.42 353.08 1,425.15Free Reserves Per Share (Rs) -- -- -- 35.41 154.03Bonus in Equity Capital 91.45 91.76 91.83 91.82Profitability RatiosOperating Profit Margin(%) 9.45 6.61 5.47 5.46Profit Before Interest And Tax Margin(%) 8.40 5.54 4.47 4.37Gross Profit Margin(%) 8.45 5.59 4.52 4.40Cash Profit Margin(%) 7.14 5.13 4.51 4.15Adjusted Cash Margin(%) 7.14 5.13 4.65 4.15Net Profit Margin(%) 5.83 4.12 3.71 3.42Adjusted Net Profit Margin(%) 5.83 4.12 3.71 3.42Return On Capital Employed(%) 66.20 44.39 51.66 24.06Return On Net Worth(%) 43.33 36.74 35.90 32.19Adjusted Return on Net Worth(%) 45.67 36.74 35.90 29.21

Return on Assets Excluding Revaluations 71.17 53.24 43.54 37.78 165.86Return on Assets Including Revaluations 71.17 53.24 43.54 37.78 165.86Return on Long Term Funds(%) 66.20 57.65 52.98 24.06Liquidity And Solvency RatiosCurrent Ratio 0.84 0.79 0.70 1.04Quick Ratio 0.47 0.58 0.36 0.50Debt Equity Ratio 0.01 0.31 0.05 0.96Long Term Debt Equity Ratio 0.01 0.01 0.05 0.96Debt Coverage RatiosInterest Cover 104.42 9.80 7.44 5.63Total Debt to Owners Fund 0.01 0.31 0.05 0.96Financial Charges Coverage Ratio 116.07 11.31 8.87 6.41Financial Charges Coverage Ratio Post Tax 80.63 8.71 7.15 5.74Management Efficiency RatiosInventory Turnover Ratio 17.19 16.94 13.15 16.68Debtors Turnover Ratio 96.44 86.89 90.75 87.18Investments Turnover Ratio 17.19 16.94 13.01 16.68Fixed Assets Turnover Ratio 6.91 7.35 7.47 7.20Total Assets Turnover Ratio 7.49 6.85 9.20 4.82Asset Turnover Ratio 7.46 8.13 6.95 4.94Average Raw Material Holding -- -- -- 20.18Average Finished Goods Held -- -- -- 12.58Number of Days In Working Capital -9.27 -1.61 -25.19 2.45Profit & Loss Account RatiosMaterial Cost Composition 60.80 63.03 64.19 66.13Imported Composition of Raw Materials Consumed

0.25 0.21 0.03 7.01


Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


92.Key Financial Ratios of Divis Laboratories

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 2.00 2.00 2.00 2.00Dividend Per Share 20.00 15.00 13.00 10.00Operating Profit Per Share (Rs) 76.76 61.91 52.52 37.74Net Operating Profit Per Share (Rs) 189.40 160.39 138.99 98.77Free Reserves Per Share (Rs) -- -- 161.82 135.77 114.36Bonus in Equity Capital 49.42 49.42 49.42 49.47Profitability RatiosOperating Profit Margin(%) 40.52 38.59 37.78 38.21Profit Before Interest And Tax Margin(%) 35.67 34.20 33.73 33.34Gross Profit Margin(%) 36.86 34.98 34.42 34.13Cash Profit Margin(%) 34.01 31.61 30.94 36.23Adjusted Cash Margin(%) 34.01 31.61 30.94 36.23Net Profit Margin(%) 30.47 28.08 29.00 32.48Adjusted Net Profit Margin(%) 30.47 28.08 29.00 32.48Return On Capital Employed(%) 33.11 30.68 30.20 25.83Return On Net Worth(%) 26.09 23.94 25.10 23.82Adjusted Return on Net Worth(%) 26.09 23.94 23.93 23.66Return on Assets Excluding Revaluations 228.61 192.36 163.85 137.87 116.70Return on Assets Including Revaluations 228.61 192.36 163.85 137.87 116.70Return on Long Term Funds(%) 33.29 31.04 30.90 26.02Liquidity And Solvency RatiosCurrent Ratio 2.50 2.34 1.98 2.18Quick Ratio 1.39 1.26 1.19 1.12Debt Equity Ratio 0.01 0.01 0.02 0.01Long Term Debt Equity Ratio -- -- -- 0.01Debt Coverage RatiosInterest Cover 491.77 446.59 192.32 721.30 329.40Total Debt to Owners Fund 0.01 0.01 0.02 0.01Financial Charges Coverage Ratio 536.57 489.87 169.21 243.24 160.80Financial Charges Coverage Ratio Post Tax 431.02 388.46 140.99 224.72 144.47Management Efficiency RatiosInventory Turnover Ratio 2.81 2.64 3.22 2.68Debtors Turnover Ratio 3.72 3.89 3.97 4.16Investments Turnover Ratio 2.81 2.64 3.22 2.68Fixed Assets Turnover Ratio 1.44 1.59 1.69 1.48Total Assets Turnover Ratio 0.82 0.82 0.83 0.71Asset Turnover Ratio 0.89 0.88 0.90 0.76Average Raw Material Holding -- -- 114.99 126.72Average Finished Goods Held -- -- 5.75 5.05Number of Days In Working Capital 188.30 178.85 163.70 183.49 200.80Profit & Loss Account RatiosMaterial Cost Composition 42.78 43.95 43.29 38.83Imported Composition of Raw Materials Consumed

47.30 41.23 39.44 33.26

Selling Distribution Cost Composition -- -- 2.71 2.18Expenses as Composition of Total Sales 89.97 88.25 87.54 90.36Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 33.53 32.56 31.60 30.44Dividend Payout Ratio Cash Profit 30.03 28.92 28.38 27.12

Earning Retention Ratio 66.47 67.44 66.85 69.35Cash Earning Retention Ratio 69.97 71.08 70.38 72.72AdjustedCash Flow Times 0.02 0.05 0.09 0.05

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


93.Key Financial Ratios of Tata Power Company

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 1.00 1.00 1.00 10.00Dividend Per Share 1.25 1.15 1.25 12.50Operating Profit Per Share (Rs) 9.65 8.53 7.55 63.98Net Operating Profit Per Share (Rs) 36.35 40.32 36.11 290.82 299.37Free Reserves Per Share (Rs) -- -- 41.74 399.41 372.15Bonus in Equity Capital 0.47 0.47 0.47 0.47Profitability RatiosOperating Profit Margin(%) 26.55 21.15 20.90 22.00Profit Before Interest And Tax Margin(%) 18.35 16.13 12.99 13.68Gross Profit Margin(%) 19.74 17.35 14.25 14.60Cash Profit Margin(%) 16.60 13.49 16.98 18.10Adjusted Cash Margin(%) 16.60 13.49 16.98 18.10Net Profit Margin(%) 10.27 9.95 12.44 12.78Adjusted Net Profit Margin(%) 10.27 9.95 12.44 12.78Return On Capital Employed(%) 10.09 10.18 9.79 8.07Return On Net Worth(%) 7.26 8.35 9.94 8.42Adjusted Return on Net Worth(%) 7.26 8.35 8.72 7.36Return on Assets Excluding Revaluations 55.32 51.67 49.54 470.93 443.83Return on Assets Including Revaluations 55.32 51.67 49.54 470.93 443.83Return on Long Term Funds(%) 10.82 10.72 10.16 8.39Liquidity And Solvency RatiosCurrent Ratio 0.97 1.30 1.48 1.55Quick Ratio 1.13 1.64 1.53 1.74Debt Equity Ratio 0.78 0.91 0.78 0.63Long Term Debt Equity Ratio 0.66 0.81 0.71 0.56Debt Coverage RatiosInterest Cover 2.72 3.51 4.16 3.53Total Debt to Owners Fund 0.78 0.91 0.78 0.63Financial Charges Coverage Ratio 3.39 4.05 5.10 4.31Financial Charges Coverage Ratio Post Tax 2.78 3.05 4.38 4.16Management Efficiency Ratios

Inventory Turnover Ratio 12.14 12.57 14.50 17.79Debtors Turnover Ratio 6.59 19.07 5.76 3.49Investments Turnover Ratio 12.14 12.57 14.50 17.79Fixed Assets Turnover Ratio 0.58 0.71 0.69 0.66Total Assets Turnover Ratio 0.37 0.40 0.41 0.38Asset Turnover Ratio 0.37 0.43 0.44 0.40Average Raw Material Holding -- -- -- --Average Finished Goods Held -- -- -- --


17.0865.52 151.18 171.99 181.32


-- -- -- --


Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


94.Key Financial Ratios of Canara Bank

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share 11.00 13.00 11.00 11.00Operating Profit Per Share (Rs) 67.03 66.07 76.06 89.40Net Operating Profit Per Share (Rs) 857.38 769.25 730.06 552.37 508.62Free Reserves Per Share (Rs) -- -- 229.02 202.26 129.43Bonus in Equity Capital -- -- -- --Profitability RatiosInterest Spread 6.30 7.11 3.80 3.47Adjusted Cash Margin(%) 6.13 8.22 10.22 16.23Net Profit Margin 5.60 7.71 9.76 15.65Return on Long Term Fund(%) 113.66 120.07 132.08 112.95 134.69Return on Net Worth(%) 8.23 11.54 15.91 22.43

Adjusted Return on Net Worth(%) 8.23 11.54 15.91 22.43Return on Assets Excluding Revaluations 642.16 561.58 465.57 405.00 305.83Return on Assets Including Revaluations 642.16 561.58 512.19 452.37 357.85Management Efficiency RatiosInterest Income / Total Funds 8.75 8.69 9.16 8.20Net Interest Income / Total Funds 1.98 2.01 2.60 3.09Non Interest Income / Total Funds 0.87 0.80 0.36 0.42Interest Expended / Total Funds 6.77 6.68 6.56 5.11Operating Expense / Total Funds 1.29 1.26 1.65 1.77Profit Before Provisions / Total Funds 1.50 1.50 1.27 1.70Net Profit / Total Funds 0.54 0.73 0.93 1.35Loans Turnover 0.15 0.14 0.15 0.13Total Income / Capital Employed(%) 9.62 9.49 9.52 8.62Interest Expended / Capital Employed(%) 6.77 6.68 6.56 5.11Total Assets Turnover Ratios 0.09 0.09 0.09 0.08Asset Turnover Ratio 0.09 0.09 0.09 0.08Profit And Loss Account RatiosInterest Expended / Interest Earned 77.38 76.88 75.08 66.08Other Income / Total Income 9.04 8.47 3.81 4.87Operating Expense / Total Income 13.46 13.30 17.28 20.48Selling Distribution Cost Composition -- -- 0.08 0.09Balance Sheet RatiosCapital Adequacy Ratio 11.14 12.40 13.76 15.38Advances / Loans Funds(%) 73.07 67.39 71.45 77.07Debt Coverage RatiosCredit Deposit Ratio 69.95 69.51 71.65 72.23Investment Deposit Ratio 31.93 32.68 29.91 29.01Cash Deposit Ratio 4.84 4.86 6.41 7.14Total Debt to Owners Fund 14.20 14.30 15.86 16.39Financial Charges Coverage Ratio 0.23 0.23 0.20 0.34Financial Charges Coverage Ratio Post Tax 1.09 1.12 1.15 1.27Leverage RatiosCurrent Ratio 0.03 0.03 0.03 0.02Quick Ratio 23.40 23.76 29.11 30.86Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 20.80 20.05 14.84 12.10Dividend Payout Ratio Cash Profit 19.02 18.81 14.16 11.66Earning Retention Ratio 79.20 79.95 85.16 87.90Cash Earning Retention Ratio 80.98 81.19 85.83 88.34AdjustedCash Flow Times 157.77 116.22 95.11 70.38

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


95.Key Financial Ratios of Indiabulls Housing Finance


Investment Valuation RatiosFace Value 2.00 2.00 10.00 10.00Dividend Per Share 28.90 20.00 -- --Operating Profit Per Share (Rs) 137.99 133.40 26.19 16.62Net Operating Profit Per Share (Rs) 156.39 149.05 51.42 20.74Free Reserves Per Share (Rs) -- -- -- --Bonus in Equity Capital -- -- -- --Profitability RatiosOperating Profit Margin(%) 88.23 89.49 50.92 80.14Profit Before Interest And Tax Margin(%) 79.95 88.38 50.57 77.14Gross Profit Margin(%) 88.08 89.29 50.79 79.64Cash Profit Margin(%) 26.36 26.28 31.22 30.90Adjusted Cash Margin(%) 26.36 26.28 31.22 30.90Net Profit Margin(%) 26.23 26.09 31.09 23.64Adjusted Net Profit Margin(%) 26.23 26.09 31.09 23.64Return On Capital Employed(%) 15.17 14.23 6.06 7.91Return On Net Worth(%) 27.61 25.44 26.17 10.74Adjusted Return on Net Worth(%) 27.61 25.44 26.17 13.82Return on Assets Excluding Revaluations 163.67 154.43 61.35 47.11Return on Assets Including Revaluations 163.67 154.43 61.35 47.11Return on Long Term Funds(%) 20.23 18.24 6.06 7.91Liquidity And Solvency RatiosCurrent Ratio 1.66 1.84 10.77 14.08Quick Ratio 4.25 3.99 10.76 14.07Debt Equity Ratio 5.19 5.10 6.08 3.61Long Term Debt Equity Ratio 3.64 3.78 6.08 3.61Debt Coverage RatiosInterest Cover 1.59 1.62 6.33 1.98Total Debt to Owners Fund 5.19 5.10 6.08 3.61Financial Charges Coverage Ratio 1.59 1.62 6.34 1.99Financial Charges Coverage Ratio Post Tax 1.47 1.48 4.87 1.59Management Efficiency RatiosInventory Turnover Ratio -- -- -- --Debtors Turnover Ratio 4,418.93 2,577.47 -- --Investments Turnover Ratio -- -- -- --Fixed Assets Turnover Ratio -- -- -- --Total Assets Turnover Ratio -- -- -- --Asset Turnover Ratio 0.16 0.26 0.16 0.14Average Raw Material Holding -- -- -- --Average Finished Goods Held -- -- -- --Number of Days In Working Capital 2,025.90 2,038.63 3,018.37 3,616.92 1,921.09Profit & Loss Account RatiosMaterial Cost Composition -- -- -- --Imported Composition of Raw Materials Consumed

-- -- -- --

Selling Distribution Cost Composition -- -- -- --Expenses as Composition of Total Sales 0.02 -- -- --

Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 63.95 50.86 -- --Dividend Payout Ratio Cash Profit 63.62 50.49 -- --Earning Retention Ratio 36.05 49.14 100.00 100.00 100.00Cash Earning Retention Ratio 36.38 49.51 100.00 100.00 100.00AdjustedCash Flow Times 18.68 19.90 23.14 25.71



96.Key Financial Ratios of Bajaj Finserv

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 5.00 5.00 5.00 5.00Dividend Per Share 1.75 1.50 1.50 1.25Operating Profit Per Share (Rs) 5.91 6.07 6.97 6.09Net Operating Profit Per Share (Rs) 9.08 8.89 9.38 8.28Free Reserves Per Share (Rs) -- -- 90.17 87.44Bonus in Equity Capital -- -- -- --Profitability RatiosOperating Profit Margin(%) -- -- -- --Profit Before Interest And Tax Margin(%) -- -- -- --Gross Profit Margin(%) -- -- -- --Cash Profit Margin(%) -- -- -- --Adjusted Cash Margin(%) 53.83 51.96 54.17 46.69Net Profit Margin(%) 53.01 33.39 53.12 150.39Adjusted Net Profit Margin(%) -- -- -- --Return On Capital Employed(%) -- -- -- --Return On Net Worth(%) -- -- -- --Adjusted Return on Net Worth(%) 3.38 3.23 5.29 3.48Return on Assets Excluding Revaluations 154.79 151.30 99.88 96.08Return on Assets Including Revaluations 154.79 151.30 99.88 96.08Return on Long Term Funds(%) 4.28 4.40 7.45 6.00Liquidity And Solvency RatiosCurrent Ratio 0.53 0.61 0.43 0.15Quick Ratio 0.53 0.61 0.40 0.15Debt Equity Ratio -- -- -- --Long Term Debt Equity Ratio -- -- -- --Debt Coverage RatiosInterest Cover -- -- -- --Total Debt to Owners Fund -- -- -- --Financial Charges Coverage Ratio -- -- -- --

Financial Charges Coverage Ratio Post Tax -- -- -- --Management Efficiency RatiosInventory Turnover Ratio -- -- -- --Debtors Turnover Ratio 124.03 79.25 83.81 112.50Investments Turnover Ratio -- -- -- --Fixed Assets Turnover Ratio -- -- -- --Total Assets Turnover Ratio -- -- -- --Asset Turnover Ratio 0.06 0.07 0.10 0.08Average Raw Material Holding -- -- -- --Average Finished Goods Held -- -- -- --Number of Days In Working Capital -70.37 -86.94 -52.12 -92.31 -68.71Profit & Loss Account RatiosMaterial Cost Composition -- -- -- --Imported Composition of Raw Materials Consumed

-- -- -- --

Selling Distribution Cost Composition -- -- -- --Expenses as Composition of Total Sales -- 0.17 0.13 --Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 33.39 46.95 28.34 9.60Dividend Payout Ratio Cash Profit 32.88 45.79 27.77 9.11Earning Retention Ratio 66.61 69.34 71.65 62.66Cash Earning Retention Ratio 67.12 69.84 72.22 69.07AdjustedCash Flow Times -- -- -- --

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


97.Key Financial Ratios of Glenmark Pharma

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 1.00 1.00 1.00 1.00Dividend Per Share 2.00 2.00 2.00 0.40Operating Profit Per Share (Rs) 18.29 12.27 13.47 10.58Net Operating Profit Per Share (Rs) 84.83 71.97 59.88 44.93Free Reserves Per Share (Rs) -- -- 79.05 71.51Bonus in Equity Capital 58.39 58.47 58.54 58.59Profitability RatiosOperating Profit Margin(%) 21.55 17.05 22.49 23.54Profit Before Interest And Tax Margin(%) 19.66 14.88 20.48 21.78Gross Profit Margin(%) 20.24 15.76 21.18 21.81Cash Profit Margin(%) 19.59 19.90 20.28 17.50

Adjusted Cash Margin(%) 19.59 19.90 20.28 17.50Net Profit Margin(%) 18.31 18.69 15.83 17.44Adjusted Net Profit Margin(%) 18.31 18.69 15.83 17.44Return On Capital Employed(%) 16.35 14.95 14.96 8.53Return On Net Worth(%) 14.92 15.30 12.13 10.71Adjusted Return on Net Worth(%) 14.92 15.30 14.57 9.69Return on Assets Excluding Revaluations 107.14 93.16 80.79 73.25Return on Assets Including Revaluations 107.14 93.16 80.79 73.25Return on Long Term Funds(%) 18.33 16.79 16.32 11.46Liquidity And Solvency RatiosCurrent Ratio 1.73 1.57 2.11 1.74Quick Ratio 2.14 1.85 3.16 7.31Debt Equity Ratio 0.12 0.12 0.22 0.58Long Term Debt Equity Ratio -- -- 0.12 0.17Debt Coverage RatiosInterest Cover 17.20 9.70 6.54 7.39Total Debt to Owners Fund 0.12 0.12 0.22 0.58Financial Charges Coverage Ratio 18.18 10.27 6.89 7.97Financial Charges Coverage Ratio Post Tax 15.98 10.41 5.71 7.46Management Efficiency RatiosInventory Turnover Ratio 10.93 10.25 11.36 9.43Debtors Turnover Ratio 2.84 4.62 5.91 4.68Investments Turnover Ratio 10.93 10.25 11.36 9.43Fixed Assets Turnover Ratio 3.88 4.92 4.96 3.91Total Assets Turnover Ratio 0.71 0.69 0.61 0.40Asset Turnover Ratio 0.76 0.71 0.56 0.43Average Raw Material Holding -- -- 93.17 94.66Average Finished Goods Held -- -- 24.62 26.37Number of Days In Working Capital 213.05 151.26 288.79 553.34 453.73Profit & Loss Account RatiosMaterial Cost Composition 27.28 28.56 27.32 27.26Imported Composition of Raw Materials Consumed

7.36 7.77 6.18 3.85


Mar '14

Mar '13 Mar '12 Mar '11 Mar '10



Procter and Gamble Hygiene and Health Care

Jun '14

Jun '13 Jun '12 Jun '11 Jun '10

Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share 27.50 25.00 22.50 22.50Operating Profit Per Share (Rs) 129.60 77.19 61.68 51.35Net Operating Profit Per Share (Rs) 631.82 519.64 399.69 308.44 277.63Free Reserves Per Share (Rs) -- -- -- 175.03 154.70Bonus in Equity Capital 72.52 72.52 72.52 72.52Profitability RatiosOperating Profit Margin(%) 20.51 14.85 15.43 16.64Profit Before Interest And Tax Margin(%) 18.08 12.50 12.76 13.93Gross Profit Margin(%) 18.79 12.99 13.26 14.43Cash Profit Margin(%) 15.82 13.37 15.52 17.05Adjusted Cash Margin(%) 15.82 13.37 15.52 17.05Net Profit Margin(%) 14.17 11.58 13.44 14.54Adjusted Net Profit Margin(%) 14.17 11.58 13.44 14.54Return On Capital Employed(%) 46.43 35.53 31.99 30.08Return On Net Worth(%) 30.11 25.23 26.00 25.11Adjusted Return on Net Worth(%) 30.11 25.23 26.00 25.77Return on Assets Excluding Revaluations 308.96 248.09 214.73 185.03 164.70Return on Assets Including Revaluations 308.96 248.09 214.73 185.03 164.70Return on Long Term Funds(%) 46.43 35.53 31.99 30.08Liquidity And Solvency RatiosCurrent Ratio 2.32 2.40 2.17 2.41Quick Ratio 2.07 2.09 1.94 2.16Debt Equity Ratio -- -- -- --Long Term Debt Equity Ratio -- -- -- --Debt Coverage RatiosInterest Cover 86.40 28,621.00 6,776.36 6,951.33 9,602.16Total Debt to Owners Fund -- -- -- --Financial Charges Coverage Ratio 92.93 31,752.00 7,629.30 7,803.58 10,600.08Financial Charges Coverage Ratio Post Tax 63.56 23,454.00 6,361.61 6,657.12 8,167.17Management Efficiency RatiosInventory Turnover Ratio 17.30 14.19 14.13 20.48Debtors Turnover Ratio 24.57 26.15 32.78 33.54Investments Turnover Ratio 17.30 14.19 14.06 20.48Fixed Assets Turnover Ratio 4.79 4.47 3.75 3.20Total Assets Turnover Ratio 2.05 2.09 1.86 1.67Asset Turnover Ratio 2.27 2.25 2.00 1.76Average Raw Material Holding -- -- -- 20.64Average Finished Goods Held -- -- -- 18.42Number of Days In Working Capital 109.03 116.98 125.74 147.79 134.94Profit & Loss Account Ratios


30.45 29.23 38.94 43.64

Selling Distribution Cost Composition -- -- -- 23.47Expenses as Composition of Total Sales 1.28 1.11 0.65 0.56Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 29.55 39.93 40.28 48.40Dividend Payout Ratio Cash Profit 26.47 34.60 34.88 42.21Earning Retention Ratio 70.45 60.07 59.72 52.83Cash Earning Retention Ratio 73.53 65.40 65.12 58.73AdjustedCash Flow Times -- -- -- --

Jun '14

Jun '13 Jun '12 Jun '11 Jun '10


99.Key Financial Ratios of Emami

Mar '14

Mar '13 Mar '12 Mar '11 Mar '10

Investment Valuation RatiosFace Value 1.00 1.00 1.00 1.00Dividend Per Share 7.00 8.00 8.00 3.50Operating Profit Per Share (Rs) 18.82 22.92 19.36 16.77Net Operating Profit Per Share (Rs) 75.12 107.53 91.85 79.46 130.93Free Reserves Per Share (Rs) -- -- 44.99 44.09Bonus in Equity Capital 58.07 37.10 37.10 37.10Profitability RatiosOperating Profit Margin(%) 25.05 21.31 21.08 21.10Profit Before Interest And Tax Margin(%) 18.86 13.27 11.96 11.16Gross Profit Margin(%) 19.55 13.73 12.39 11.45Cash Profit Margin(%) 24.45 20.48 20.38 18.57Adjusted Cash Margin(%) 24.45 20.48 20.38 18.57Net Profit Margin(%) 22.53 13.16 17.83 18.45Adjusted Net Profit Margin(%) 22.53 13.16 17.83 18.45Return On Capital Employed(%) 41.89 34.20 27.66 18.54Return On Net Worth(%) 42.88 28.51 36.86 33.30Adjusted Return on Net Worth(%) 36.44 28.51 24.81 16.53Return on Assets Excluding Revaluations 40.92 51.37 46.04 45.14Return on Assets Including Revaluations 40.92 51.37 46.04 45.14Return on Long Term Funds(%) 41.94 34.89 29.68 21.67Liquidity And Solvency RatiosCurrent Ratio 1.83 1.57 1.28 1.50Quick Ratio 1.41 1.38 1.36 2.59

Debt Equity Ratio 0.02 0.06 0.15 0.33Long Term Debt Equity Ratio 0.02 0.03 0.08 0.14Debt Coverage RatiosInterest Cover 101.86 46.03 22.05 10.86Total Debt to Owners Fund 0.02 0.06 0.15 0.33Financial Charges Coverage Ratio 126.00 66.24 34.02 18.35Financial Charges Coverage Ratio Post Tax 127.61 57.56 38.43 23.18Management Efficiency RatiosInventory Turnover Ratio 12.48 14.49 17.01 12.39Debtors Turnover Ratio 21.90 20.40 16.32 14.66Investments Turnover Ratio 12.48 14.49 17.01 12.39Fixed Assets Turnover Ratio 3.32 3.80 4.01 3.87Total Assets Turnover Ratio 1.82 2.16 4.40 2.86Asset Turnover Ratio 1.93 2.00 1.62 1.35Average Raw Material Holding -- -- 29.90 27.36Average Finished Goods Held -- -- 18.71 31.90Number of Days In Working Capital 58.07 56.58 67.34 128.88Profit & Loss Account RatiosMaterial Cost Composition 39.88 43.22 42.39 45.24Imported Composition of Raw Materials Consumed

0.95 1.17 0.35 3.48


Mar '14

Mar '13 Mar '12 Mar '11 Mar '10


100.Key Financial Ratios of Bajaj Finance


Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00Dividend Per Share 16.00 15.00 12.00 10.00Operating Profit Per Share (Rs) 528.83 416.80 337.49 195.81Net Operating Profit Per Share (Rs) 804.00 621.50 517.13 365.37 243.86Free Reserves Per Share (Rs) -- -- 423.30 322.48 280.14Bonus in Equity Capital -- -- -- --

Profitability RatiosOperating Profit Margin(%) 65.77 67.06 65.26 53.59Profit Before Interest And Tax Margin(%) 64.38 66.19 64.68 51.57Gross Profit Margin(%) 65.05 66.57 64.71 52.70Cash Profit Margin(%) 18.36 19.49 19.19 17.93Adjusted Cash Margin(%) 18.36 19.49 19.19 17.93Net Profit Margin(%) 17.65 19.00 19.01 18.05Adjusted Net Profit Margin(%) 17.65 19.00 19.01 18.05Return On Capital Employed(%) 13.36 16.04 12.31 9.10Return On Net Worth(%) 18.01 17.56 20.19 18.18Adjusted Return on Net Worth(%) 18.01 17.56 19.80 17.18Return on Assets Excluding Revaluations 795.91 676.41 487.00 370.77 314.94Return on Assets Including Revaluations 795.91 676.41 487.00 370.77 314.94Return on Long Term Funds(%) 18.41 19.11 16.43 16.35Liquidity And Solvency RatiosCurrent Ratio 1.87 2.29 2.18 1.20Quick Ratio 5.18 3.60 7.50 17.51Debt Equity Ratio 4.00 2.85 4.57 4.94Long Term Debt Equity Ratio 2.63 2.23 3.18 2.31Debt Coverage RatiosInterest Cover 1.69 1.72 1.85 2.01Total Debt to Owners Fund 4.00 2.85 4.57 4.94Financial Charges Coverage Ratio 1.71 1.74 1.84 1.98Financial Charges Coverage Ratio Post Tax 1.48 1.50 1.55 1.68Management Efficiency RatiosInventory Turnover Ratio -- -- -- --Debtors Turnover Ratio -- -- -- --Investments Turnover Ratio -- -- -- --Fixed Assets Turnover Ratio -- -- -- --Total Assets Turnover Ratio -- -- -- --Asset Turnover Ratio 0.25 0.26 0.22 0.22Average Raw Material Holding -- -- -- --Average Finished Goods Held -- -- -- --Number of Days In Working Capital 1,753.10 1,487.74 1,882.78 2,032.87 1,623.82Profit & Loss Account RatiosMaterial Cost Composition -- -- -- --Imported Composition of Raw Materials Consumed

-- -- -- --



key financial ratios

Documents

net operating profit

cash profit margin

profit margin3

profit marginr

adjusted net profit

profitability ratios

debt coverage ratios

gross profit margin1