| Year ended 31st March |
1999
Rs. ’000 |
2000
Rs. ’000 |
2001
Rs. ’000 |
2002
Rs. ’000 |
2003
Rs. ’000 |
2004
Rs. ’000 |
2005
Rs. ’000 |
2006
Rs. ’000 |
2007
Rs. ’000 |
2008
Rs. ’000 |
|
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| Results |
|
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|
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|
| Group turnover |
1,592,399 |
1,494,939 |
2,686,939 |
1,843,662 |
3,404,734 |
4,796,905 |
7,565,327 |
10,512,326 |
12,989,916 |
12,687,289 |
| Profit before taxation |
73,961 |
115,140 |
119,992 |
38,753 |
58,912 |
148,396 |
253,633 |
382,235 |
512,895 |
344,444 |
| Taxation |
(28,122) |
(36,762) |
(46,102) |
(10,523) |
(20,119) |
(48,131) |
(76,431) |
(117,062) |
(211,118) |
(139,351) |
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|
|
|
|
|
|
| Profit after taxation |
45,839 |
78,378 |
73,890 |
28,230 |
38,793 |
100,265 |
177,202 |
265,173 |
301,777 |
205,093 |
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| |
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| Capital Employed |
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|
|
|
|
|
|
|
|
|
| Stated capital |
– |
– |
– |
– |
– |
– |
– |
– |
– |
182,500 |
| Share capital |
48,000 |
48,000 |
48,000 |
48,000 |
48,000 |
90,000 |
90,000 |
90,000 |
121,000 |
– |
| Share premium |
19,500 |
19,500 |
19,500 |
19,500 |
19,500 |
37,500 |
37,500 |
37,500 |
61,500 |
– |
| Revaluation reserves |
182,301 |
182,301 |
182,301 |
182,301 |
182,301 |
182,301 |
311,522 |
311,522 |
311,522 |
311,522 |
| Revenue reserves |
200,978 |
264,956 |
314,846 |
325,076 |
363,869 |
432,634 |
566,836 |
777,009 |
1,012,486 |
1,163,129 |
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|
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|
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|
|
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| Shareholders’ Funds |
450,779 |
514,757 |
564,647 |
574,877 |
613,670 |
742,435 |
1,005,858 |
1,216,031 |
1,506,508 |
1,657,151 |
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| |
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| Total borrowings |
368,851 |
407,561 |
458,146 |
596,514 |
866,946 |
958,049 |
1,608,915 |
2,796,158 |
2,864,688 |
2,802,374 |
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|
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|
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|
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| Net Capital Employed |
819,630 |
922,318 |
1,022,793 |
1,171,391 |
1,480,616 |
1,700,484 |
2,614,773 |
4,012,189 |
4,371,196 |
4,459,525 |
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| |
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| Assets Employed |
|
|
|
|
|
|
|
|
|
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| Non-current assets |
454,933 |
454,940 |
480,468 |
517,030 |
528,826 |
559,752 |
734,720 |
775,323 |
1,005,370 |
1,463,068 |
| Current assets |
739,792 |
786,502 |
803,832 |
952,905 |
1,197,756 |
1,692,349 |
2,460,687 |
3,794,288 |
4,193,262 |
4,368,090 |
| Deferred income |
– |
– |
– |
– |
– |
(1,995) |
(1,441) |
(932) |
(3,218) |
(1,222) |
Total liabilities
(excluding borrowings) |
(375,095) |
(319,124) |
(261,507) |
(298,544) |
(245,966) |
(549,622) |
(579,193) |
(556,490) |
(824,218) |
(1,370,411) |
|
|
|
|
|
|
|
|
|
|
|
| Net Assets Employed |
819,630 |
922,318 |
1,022,793 |
1,171,391 |
1,480,616 |
1,700,484 |
2,614,773 |
4,012,189 |
4,371,196 |
4,459,525 |
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| |
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| Net Cash Flow |
|
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|
|
|
|
|
|
|
|
| from operating activities |
20,714 |
87,912 |
88,131 |
(102,684) |
(153,014) |
(39,915) |
(587,299) |
(990,433) |
383,134 |
520,706 |
| from Investing activities |
(11,542) |
(15,746) |
(53,658) |
(56,104) |
(57,827) |
(75,584) |
(97,584) |
(91,474) |
(287,636) |
(519,212) |
| from Financing activities |
(56,729) |
(108,476) |
(201,671) |
(12,640) |
(17,488) |
26,434 |
92,125 |
305,800 |
(49,458) |
179,289 |
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|
|
|
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|
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|
|
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| Net Cash Inflow/(Outflow) |
(47,557) |
(36,310) |
(167,198) |
(171,428) |
(228,329) |
(89,065) |
(592,758) |
(776,107) |
46,040 |
180,783 |
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| Key Indicators |
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| Earnings per share (Rs.)(*)(**) |
3.97 |
6.79 |
6.40 |
2.44 |
3.36 |
8.68 |
15.34 |
22.96 |
25.76 |
16.95 |
| Net assets per share (Rs.) |
93.91 |
107.24 |
94.11 |
95.81 |
102.28 |
82.49 |
100.59 |
101.60 |
124.50 |
136.95 |
| Market value per share (Rs.) |
35.00 |
39.00 |
38.00 |
30.00 |
50.00 |
53.00 |
103.00 |
138.50 |
120.00 |
88.75 |
Return on average
shareholders’ equity (%) |
11 |
16 |
14 |
5 |
7 |
15 |
20 |
24 |
22 |
13 |
| Dividends (Rs.) |
14,400 |
14,400 |
24,000 |
18,000 |
18,000 |
31,500 |
50,000 |
60,000 |
72,600 |
48,400 |
| Dividends cover (time cover) |
3 |
5 |
3 |
2 |
2 |
3 |
4 |
4 |
4 |
4 |
| Price earnings ratio (times) |
9 |
6 |
6 |
12 |
15 |
6 |
7 |
6 |
5 |
5 |
| Dividend per share |
3.00 |
3.00 |
4.00 |
3.00 |
3.00 |
3.50 |
5.00 |
6.00 |
6.00 |
4.00 |
| Annual sales growth (%) |
9 |
(6) |
80 |
(31) |
85 |
41 |
58 |
39 |
24 |
(2) |
| Current ratio (time) |
1.39 |
1.18 |
1.24 |
1.16 |
1.16 |
1.20 |
1.24 |
1.33 |
1.30 |
1.26 |
| Turnover to capital employed (times) |
1.94 |
1.62 |
2.63 |
1.57 |
2.30 |
2.82 |
2.89 |
2.62 |
2.97 |
2.84 |
|
