tata steel ltd
TRANSCRIPT
Tata Steel ltd Calculation of EVA
31-03-2011
26-11-2011
PE ratio 6.27 3.3 Ke 0.1594896 0.3030303
Tax rate(%)
(Rs in crore)
rate 30
Calculation of NOPAT
surcharge 2.25
EC @ 2% 0.645
Particular
amt amt
SHEC @ 1% 0.3225
EBIT
9776.85
33.2175
less:Non-operating income
707.69 Operating EBIT
9069.16
less: Tax @ 30%
2720.75
surcharge @7.5%
204.06 Education cess @2%
58.50
SHEC @1%
29.25
3012.55
NOPAT
6056.61
Calculation of operating capital employed
Particular
amt Share capital
959.41
share warrant
178.20 Reserve & surplus
45807.02
Hybrid securities
1500.00 Secured loan
2009.20
Unsecured loan
26291.94 Total capital employed
76745.77
Less:Non operating capital employed 44676.20 Operating capital
32069.57
Calculation of cost of operating capital employed
Particular
amt % amt % Hybrid securities
118.205 7.880335 118.205 7.880335
Interest on loan
1180.741 4.172063 1180.741 4.1720627
Cost of Equity
7487.182 15.94896 14225.65 30.30303 Cost of total capital employed
8786.128
15524.59
Cost of operating capital employed 3671.438
6487.224
Calculation of EVA
amt
amt
NOPAT
6056.61
6056.61 Cost of operating capital employed 3671.438
6487.224
EVA
2385.17
-430.61