- 1. SRIKRISHNACONSULTINGCOMPANY FINALYTICSRelianceIndustryLtd.
Exclusive Financial Analysis of Indian CompaniesPreparedandEditedBy
SRIKRISHNACONSULTINGDownloadmorereportsfromhttp://www.srikrishnaconsulting.comDisclaimerTheinformation,opinions,estimatesandforecastscontainedinthisdocumenthavebeenarrivedatorobtainedfrompublicsourcesbelievedtobereliable
andingoodfaithwhichhasnotbeenindependentlyverifiedandnowarranty,expressorimplied,ismadeastotheiraccuracy,completenessorcorrectness.Formoreinformationaboutthissampleandourotherservices,[email protected],May21,2012
2. DescriptionPageSummary 3 LatestResult3 ValuationMatrix 3
ROEAnalysis 3IncomeStatement4BalanceSheet 5CashflowStatement
6QuarterlyResult6GrowthAnalysis
7ComparativeAnalysis8IncomeStatement8BalanceSheet 8IndexAnalysis9
IncomeStatement 9 BalanceSheet9RatioAnalysis10 Annual 10
Quarterly11TTMAnalysis11TechnicalAnalysis12 CONTENT
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3. SummaryAtaGlance LatestResults Industry Diversified
AnnualQuarterlyTTM BusinessGroup AmbaniGroupMarch12Growth
March12Growth March12GrowthFaceValue 10LatestResults
Equityshares(inLacs)32707.69EBDITA38388.00(5.26)
8858.00(1.60)39810.00(4.56)ReportedNetProfit 20040.00(1.21)
4236.00(4.59)20040.00(5.38) Price695.5AdjustedPAT18616.007.35
4236.00(4.59)20040.00(5.38) MarketCap(Rs.InCr) 227502.15
ValuationMatrixShareHoldingGeneral AnnualTTMRatioPromoter
PublicParticulars March12 March12 45%12%Others ReportedP/E 11.35
11.3515%Price/SalesPerShare 0.690.69Price/BookValue 1.37
NADividendYield(%) 0.00 NAFIIs EarningYield(%)
8.818.8117%MarketCap(Rs.InCr) 227502.15BFIMF8% 3% ROEAnalysis ROE
30%ParticularsMarch08March09 March10March11March12 25% 20%
ReportedPAT/PBT 1.13 0.81 0.830.83 0.82 15% AdjustedPAT/PBT 0.79
0.83 0.780.80 0.7710%PBT/PBIT0.94 0.91 0.910.91 0.90 5% PBIT/Sales
0.14 0.15 0.110.11 0.08 0% Sales/TotalAssets 0.90 0.61 0.790.89
1.13 March March March March March 08 09 10 11
12TotalAssets/NetWorth1.85 2.04 1.891.91 1.79ReportedROE25%14%12%
14% 12%ReportedROE AdjustedROEAdjustedROE17%14%12% 14% 11%
ROEFactors 2.50 30% 2.00 25%20% 1.5015% 1.0010% 0.50 5% 0.00 0%
March08 March09 March10March11 March12 ReportedROE
ReportedPAT/PBTPBT/PBIT
PBIT/SalesSales/TotalAssetsTotalAssets/NetWorth
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4. IncomeStatementParticulars(Rs.InCr)March08March09 March10
March11March12NetSales133805.78 141959.00192091.87248136.06
329932.00OperatingExpensesMaterialConsumed 100699.30
108856.78149741.12194833.16
278865.00ManufacturingExpenses2768.034518.964860.38 5170.51
6651.00PersonnelExpenses2119.332397.502330.82 2621.59
2857.00OperatingIncomeSellingExpenses3229.593095.274123.77 5353.10
5393.00 350000.00AdminstrativeExpenses2732.472203.752284.63 2355.25
2372.00 300000.00ExpensesCapitalised(175.46) (3265.65) (1217.92)
(30.26)(37.00)TotalOperatingExpenses 111373.26
117806.61162122.80210303.35 296101.00 250000.00 OperatingProfit
22432.5224152.3929969.0737832.7133831.00
200000.00OtherIncome772.171713.382193.13 2687.98 4557.00 150000.00
EBDITA 23204.6925865.7732162.2040520.6938388.00Depreciation
4847.145195.29 10496.5313607.5811394.00 100000.00OtherWriteoffs0.00
0.00 0.000.000.00 50000.00 EBIT
18357.5520670.4821665.6726913.1126994.00Interest
1162.901774.471999.95 2328.30 2668.000.00
EBT17194.6518896.0119665.7224584.8124326.00MarchMarchMarchMarchMarch
0809101112IncomeTax 3559.853137.344324.97 4969.14 5710.00
AdjustedPAT 13634.8015758.6715340.7519615.6718616.00 NetSales
OperatingProfit EBDITANonRecurringItems 5823.49(449.35)894.92670.63
1424.00OtherNonCashadjustments48.10 0.00 0.000.00 0.00
ReportedNetProfit
19506.3915309.3216235.6720286.3020040.00EquityDividend 1631.24
1897.05 2084.67
2384.990.00PreferenceDividend0.000.000.000.000.00DividendTax
277.23322.40346.24386.900.00RetainedEarnings17597.9213089.8713804.7617514.4120040.00ProfitLevels
TotalIncomeBreakup 45000.00 TotalOperatingExpensesDepreciation
40000.00 OtherWriteoffsInterest 35000.00 IncomeTaxAdjustedPAT
30000.00 25000.002% 6% 1% 0% 20000.003% 15000.00 10000.005000.00
0.00March08 March09 March10March11March12 88%OperatingProfit
EBDITAEBITEBTAdjustedPAT
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5. BalanceSheetParticulars(Rs.InCr) March08 March09
March10March11March12 SOURCESOFFUNDS OwnersFundEquityShareCapital
1453.39 1573.533270.37 3273.37 3271.00ShareApplicationMoney1682.40
69.25 0.000.000.00PreferenceShareCapital0.000.00
0.000.000.00Reserves&Surplus77441.55 112945.44125095.97
142799.95 159698.00TotalOwnersfund80577.34114588.22
128366.34146073.32162969.00
LoanFundsSecuredLoans6600.1710697.9211670.50 10571.21
6969.00UnsecuredLoans 29879.5163206.5650824.19 56825.4751658.00
TotalLoanfund 36479.68 73904.48 62494.6967396.68
58627.00CapitalStructure Total 117057.02 188492.70 190861.03
213470.00 221596.00180000.00USESOFFUNDSFixedAssets
160000.00GrossBlock104229.10 149628.70215864.71 221251.97
209552.00Less:RevaluationReserve871.2611784.758804.27 5467.00
3127.00 140000.00Less:Accumulated
120000.00Depreciation42345.4749285.6462604.82 78545.50
91770.00NetBlock 61012.37 88558.31144455.62 137239.47
114655.00100000.00CapitalWorkinprogress23005.8469043.8312138.82
12819.564885.00 80000.00 Investments20516.1120268.1819255.35
33019.2754008.00 NetCurrentAssets
60000.00CurrentAssets,Loans&Advances44743.8656298.0966595.32
96355.05
118550.0040000.00Less:CurrentLiabilities&Provisions32221.1645675.7151584.08
65963.3570502.0020000.00 TotalNetCurrentAssets 12522.70 10622.38
15011.2430391.70 48048.00 0.00 Miscellaneousexpensesnotwritten 0.00
0.00 0.00 0.00 0.00 March March March March March Total 117057.02
188492.70 190861.03 213470.00 221596.0008 09 10 11
12Note:TotalOwnersfundTotalLoanfundBookValueofUnquotedInvestments
12746.7518927.6515563.83
22377.2623339.00MarketValueofQuotedInvestments 53126.09 2930.63
8248.22
15839.3131439.00Contingentliabilities37157.6136432.6925531.21
41825.1345831.00NumberofEquitysharesoutstanding(inLacs)
14536.4915737.9832703.74 32733.7432710.59 SourcesofCapital
Applicationofcapital TotalNetCurrent Assets22%TotalLoanfund 26%
NetBlock 52%TotalOwners Investmentsfund24%74%CapitalWork inprogress
2%SriKrishnaConsulting.Pleasewriteusformoreinformation:[email protected]|www.srikrishnaconsulting.comPage5
6. CashFlowStatementParticulars(Rs.InCr) March08
March09March10March11March12ProfitBeforeTax 23010.14 18433.23
20547.4425242.2425750.00 NetCashFlowOperating
NetCashFlowActivity17426.74 18245.86
20490.2233280.5226974.00NetCashUsedInInvesting Activity(23955.08)
(24084.20)(18204.50)(20332.88) (3046.00)724.578973.04 23732.58
NetCashUsedinFin.Activity 33280.52 26974.008973.04
23732.58(10999.60) 724.57 (11465.00) 17426.74 18245.86
20490.22NetInc/DecInCashAnd(3046.00) (23955.08 (24084.20 (18204.50
(20332.88 (11465.00 ) ))(10999.60))Equivlnt 2444.70 17894.24
(8713.88) 13672.2112463.00)CashAndEquivalntBeginofYear
1835.354282.29 22176.5313462.6527135.00CashAndEquivalntEndOfYear
4280.05 22176.53
13462.6527134.8639598.00NetCashFlowOperatingActivityNetCashUsedInInvestingActivityNetCashUsedinFin.ActivityQuarterlyResultSeptemberParticulars(Rs.InCr)
March11June11 11 December11 March12Netsales 72,674.0081,018.00
78,569.00 85,135.00 85,182.00OtherOperatingIncome 0.00
0.000.000.000.00 ProfitLevelsTotalOperatingIncome72,674.0081,018.00
78,569.00 85,135.00 85,182.00Increase/Decreaseofstock(726.00)897.00
(1,607.00)(1,489.00) 1,327.00RawMaterialsConsumption
58,259.0064,443.00 64,661.00 74,190.00
71,519.00OtherPurchases241.00 573.00514.00112.00242.00PowerandFuel
0.00 0.000.000.000.00EmployeesCost 686.00
878.00715.00672.00597.00TotalOperatingExpenses58,460.0066,791.00
64,283.00 73,485.00 73,685.00 OperatingProfit 14,214.0014,227.00
14,286.00 11,650.00 11,497.00 OtherIncome917.00 1,078.001,102.00
1,717.00 2,295.00R&DExpenses 0.00 0.000.00 0.00
0.00OtherExpenses 4,371.00 4,301.004,442.00 4,365.00
4,934.00TotalOtherExpenses 4,371.00 4,301.004,442.00 4,365.00
4,934.00EBITDA10,760.0011,004.00 10,946.00 9,002.00
8,858.00Depreciation 3,387.00 3,195.002,969.00 2,570.00
2,659.00Provisionandcontingencies0.00 0.000.00 0.00 0.00
EBIT7,373.00 7,809.007,977.00 6,432.00 6,199.00Interest 696.00
545.00660.00694.00768.00 EBT 6,677.00 7,264.007,317.00 5,738.00
5,431.00Tax1,301.00 1,603.001,614.00 1,298.00 1,195.00 PAT 5,376.00
5,661.005,703.00 4,440.00 4,236.00March11 June11
SeptemberDecemberMarch12ExceptionalItem 0.00 0.000.00 0.000.00
1111ExtraOrdinaryItem0.00 0.000.00 0.000.00PriorYearAdjustment0.00
0.000.00 0.000.00 EBITDAEBIT ReportedPAT5,376.00 5,661.005,703.00
4,440.00 4,236.00 EBT ReportedPAT
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7. GrowthAnalysisAverageParticulars(%)March09March10
March11March12Growth5yearCAGRNetSales 6.09 35.3229.18 32.96 29.61
19.78 OperatingExpensesMaterialConsumed8.10 37.5630.11 43.13 34.61
22.60ManufacturingExpenses63.267.56 6.38 28.63 21.20
19.16PersonnelExpenses13.13 (2.78) 12.488.98 8.09
6.16SellingExpenses(4.16)33.2329.810.75 15.47
10.80AdminstrativeExpenses (19.35) 3.67 3.090.71 0.01
(2.79)ExpensesCapitalised (1761.19)62.7197.52(22.27)(143.23)
(26.75)TotalOperatingExpenses5.78 37.6229.72 40.80 33.34 21.60
OperatingProfit 7.67 24.0826.24(10.58)9.22 8.56OtherIncome121.89
28.0022.56 69.53 52.37 42.62 EBDITA11.47 24.3425.99 (5.26)11.71
10.59Depreciation7.18102.0429.64(16.27)23.51
18.64OtherWriteoffs0.000.00 0.000.000.000.00 EBIT12.604.8124.220.30
9.61 8.02Interest 52.59 12.7116.42 14.59 18.56 18.07
EBT9.894.0725.01 (1.05)8.89 7.19IncomeTax(11.87)37.8514.89 14.91
16.819.91 AdjustedPAT15.58 (2.65) 27.87 (5.10)7.35
6.43NonRecurringItems (107.72) 299.16 (25.06) 112.34
86.48(24.55)OtherNonCashadjustments(100.00) 0.00 0.000.00 (10.00)
(100.00) ReportedNetProfit (21.52) 6.0524.95 (1.21)6.06
0.54EquityDividend 16.299.8914.41 (100.00)(32.07)
(100.00)PreferenceDividend0.000.00 0.000.00 0.00
0.00DividendTax16.297.3911.74 (100.00)(33.37)
(100.00)RetainedEarnings(25.62) 5.4626.87 14.4212.36
2.63GrowthFactors5YearCAGR50.00 45.00 40.0040.00 35.00 30.0030.00
25.0020.00 20.00 15.0010.00 10.005.00 0.000.00March09March10
March11March12 (10.00)NetSalesTotalOperatingExpensesEBDITA
EBTAdjustedPATSriKrishnaConsulting.Pleasewriteusformoreinformation:[email protected]|www.srikrishnaconsulting.comPage7
8. ComparativeAnalysisIncomeStatementParticulars(Rs.InCr) March08
March09 March10March11March12NetSales100.00 100.00
100.00100.00100.00MaterialConsumed75.2676.6877.9578.5284.52ManufacturingExpenses2.07
3.18 2.53 2.082.02 ComparativeNetSalesPersonnelExpenses1.58 1.69
1.21 1.060.87SellingExpenses2.41 2.18 2.15
2.161.63AdminstrativeExpenses2.04 1.55 1.19
0.950.72ExpensesCapitalised (0.13) (2.30) (0.63)
(0.01)(0.01)TotalOperatingExpenses83.2482.9984.4084.7589.75
OperatingProfit 16.7617.0115.6015.2510.25OtherIncome 0.58 1.21 1.14
1.081.38 EBDITA 17.3418.2216.7416.3311.64Depreciation 3.62 3.66
5.46 5.483.45OtherWriteoffs 0.00 0.00 0.00 0.000.00 EBIT
13.7214.5611.2810.858.18Interest 0.87 1.25 1.04 0.940.81
EBT12.8513.3110.24 9.917.37 March08 March09 March10 March11
March12IncomeTax 2.66 2.21 2.25 2.001.73TotalOperatingExpenses
AdjustedPAT 10.1911.10 7.99
7.915.64OtherIncomeDepreciationNonRecurringItems 4.35(0.32)0.47
0.270.43OtherWriteoffsInterestOtherNonCashadjustments0.04 0.00 0.00
0.000.00 ReportedNetProfit 14.5810.78 8.45
8.186.07BalanceSheetParticulars(Rs.InCr) March08 March09
March10March11March12 SOURCESOFFUNDSEquityShareCapital1.24 0.83
1.71 1.53 1.48ShareApplicationMoney 1.44 0.04 0.00 0.00
0.00ComparativeAnalysisSourcesofFundPreferenceShareCapital0.00 0.00
0.00 0.00 0.00Reserves&Surplus 66.1659.9265.5466.8972.07
72.07TotalOwnersfund 68.8460.7967.2668.4373.54SecuredLoans 5.64
5.68 6.11 4.95 3.14UnsecuredLoans25.5333.5326.6326.6223.31
TotalLoanfund31.1639.2132.7431.5726.46Total100.00 100.00 100.00
100.00100.0023.31USESOFFUNDS1.483.140.00
0.00FixedAssetsGrossBlock89.0479.38 113.10103.65
94.56Less:RevaluationReserve0.74 6.25
4.612.561.41Less:AccumulatedDepreciation 36.1826.1532.8036.7941.41
NetBlock 52.1246.9875.6964.2951.74 CapitalWorkinprogress19.6536.63
6.36 6.01 2.20 Investments 17.5310.7510.0915.4724.37
NetCurrentAssetsCurrentAssets,Loans&38.2229.8734.8945.1453.50Less:CurrentLiabilities&Provisions
27.5324.2327.0330.9031.82TotalNetCurrentAssets 10.70 5.64
7.8714.2421.68 Miscellaneousexpensesnot written 0.00 0.00 0.00
0.000.00Total100.00 100.00 100.00
100.00100.00SriKrishnaConsulting.Pleasewriteusformoreinformation:[email protected]|www.srikrishnaconsulting.comPage8
9. IndexAnalysisIncomeStatementParticulars March08 March09
March10March11March12NetSales100.00 106.09
143.56185.44246.58OperatingExpensesMaterialConsumed 100.00 108.10
148.70193.48276.93ProfitIndexManufacturingExpenses100.00 163.26
175.59186.79240.28PersonnelExpenses100.00 113.13
109.98123.70134.81SellingExpenses100.0095.84
127.69165.75166.99AdminstrativeExpenses100.0080.6583.6186.1986.81ExpensesCapitalised100.00
1861.19694.1317.2521.09TotalOperatingExpenses 100.00 105.78
145.57188.83265.86 OperatingProfit100.00 107.67
133.60168.65150.81OtherIncome 100.00 221.89 284.02348.11590.16
March08 March09 March10 March11 March12EBDITA 100.00 111.47
138.60174.62165.43Depreciation 100.00 107.18
216.55280.73235.07OtherWriteoffs 0.00 0.00 0.000.000.00EBIT EBT
EBIT100.00 112.60 118.02146.61147.05AdjustedPAT
ReportedNetProfitInterest 100.00 152.59 171.98200.21229.43 NetSales
EBT 100.00 109.89 114.37142.98141.47IncomeTax 100.0088.13
121.49139.59160.40 AdjustedPAT100.00 115.58
112.51143.86136.53NonRecurringItems 100.00(7.72)
15.3711.5224.45OtherNonCashadjustments100.00 0.00 0.00
0.000.00ReportedNetProfit
100.0078.4883.23104.00102.74BalanceSheetParticulars March08 March09
March10March11March12 SOURCESOFFUNDSEquityShareCapital100.00 108.27
225.02225.22225.06ShareApplicationMoney 100.00 4.12
0.000.000.00LiabilityIndexPreferenceShareCapital0.00 0.00
0.000.000.00Reserves&Surplus100.00 145.85
161.54184.40206.22TotalOwnersfund100.00 142.21 159.31181.28202.25
LoanFundsSecuredLoans 100.00 162.09
176.82160.17105.59UnsecuredLoans 100.00 211.54 170.10190.18172.89
TotalLoanfund 100.00 202.59 171.31184.75160.71Total 100.00 161.03
163.05182.36189.31USESOFFUNDS March March March March
MarchFixedAssets 08 09 10 11 12GrossBlock 100.00 143.56
207.11212.27201.05Less:RevaluationReserve100.00 1352.611010.52
627.48358.91
TotalOwnersfundTotalLoanfundLess:Accumulated100.00116.39 147.84
185.49216.72 NetBlock100.00145.15 236.76 224.94187.92
CapitalWorkinprogress 100.00300.1152.7655.72 21.23
Investments100.0098.7993.85160.94263.25
NetCurrentAssetsCurrentAssets,Loans&Advances100.00 125.82
148.84215.35264.95Less:CurrentLiabilities&Provisions100.00
141.76 160.09204.72218.81 TotalNetCurrentAssets 100.0084.82
119.87242.69383.69 Miscellaneousexpensesnot written0.00 0.00
0.000.000.00Total 100.00 161.03
163.05182.36189.31SriKrishnaConsulting.Pleasewriteusformoreinformation:[email protected]|www.srikrishnaconsulting.comPage9
10. RatioAnalysisParticulars(Yearly)March08 March09
March10March11March12 PERSHARERATIOSAdjustedEPS(Rs.)93.80
100.1346.91 59.92 56.91AdjustedCashEPS(Rs.)127.14 133.1479.00101.50
91.74ReportedEPS(Rs.) 133.8697.2849.64 61.97
61.26ReportedCashEPS(Rs.)167.20 130.2981.74103.54
96.10DividendPerShare13.0013.00
7.008.000.00PerShareRatioOperatingProfitPerShare(Rs.)154.32
153.4791.64115.58103.43BookValue(ExclRevRes)PerShare(Rs.)554.41
728.22 392.51446.25498.22BookValue(InclRevRes)PerShare(Rs.)560.40
803.12 419.43462.95507.78NetOperatingIncomePerShare(Rs.)920.48
902.02 587.37758.04 1008.64FreeReservesPerShare(Rs.)520.59 704.28
378.21431.95483.90March08 March09 March10 March11 March12
PROFITABILITYRATIOSOperatingMargin(%)16.7617.0115.6015.2410.25GrossProfitMargin(%)
13.1413.3510.13 9.76 6.80
NetOperatingIncomePerShare(Rs.)NetProfitMargin(%) 14.4510.65 8.35
8.08 5.99 AdjustedEPS(Rs.)AdjustedCashMargin(%)13.7314.5813.2913.24
8.97 AdjustedCashEPS(Rs.)AdjustedReturnOnNet
DividendPerShareWorth(%) 17.2813.7611.9513.4211.42
BookValue(InclRevRes)PerShare(Rs.)ReportedReturnOnNetWorth(%)
24.6613.3612.6413.8812.29ReturnOnlongTermFunds(%)
17.1811.3411.7113.3712.78LEVERAGERATIOS
ProfitMarginLongTermDebt/Equity0.35 0.59 0.44
0.370.29TotalDebt/Equity0.46 0.64 0.48
0.460.35Ownersfundas%oftotalSource68.3860.7767.2568.4273.54FixedAssetsTurnoverRatio1.29
1.01 1.24 1.58 2.05LIQUIDITYRATIOSCurrentRatio1.39 1.23 1.29 1.46
1.68CurrentRatio(Inc.STLoans)1.01 1.08 1.11 1.22 1.44QuickRatio0.93
0.90 0.76 1.01 1.17InventoryTurnoverRatio10.5712.92 8.29 9.5910.42
PAYOUTRATIOS March08 March09 March10 March11
March12DividendpayoutRatio(NetProfit)9.8014.4914.9713.660.00NetProfitMargin(%)DividendpayoutRatio(Cash
OperatingMargin(%)Profit)7.8510.82 9.09 8.17 0.00
AdjustedReturnOnNetWorth(%)EarningRetentionRatio
86.0185.9284.1685.87 100.00CashEarningsRetentionRatio
89.6889.4190.6091.66 100.00 ReturnOnlongTermFunds(%)
COVERAGERATIOSAdjustedCashFlowTimeTotalDebt 1.97 3.53 2.42
2.031.95FinancialChargesCoverage LiquidityRatioRatio
19.9514.5816.0817.4014.39Fin.ChargesCov.Ratio(PostTax)21.9012.5614.3715.5612.78COMPONENTRATIOSMaterialCostComponent(%earnings)
73.8676.9880.0079.8284.78SellingCostComponent 2.41 2.18 2.14
2.151.63ExportsaspercentofTotalMarch March March March MarchSales
56.8061.2253.4656.6460.15 08 09 10 11
12ImportComp.inRawMat.Consumed93.9695.7495.3991.7191.54Longtermassets/TotalAssets
0.69 0.74 0.63 0.550.51CurrentRatio
QuickRatioBonusComponentInEquityCapital(%)
33.1430.6164.4764.4164.46
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11. RatioAnalysisSeptemberParticulars(Quarterly)March11June11 11
December11March12 PERSHARERATIOS
QuarterlyProfitMarginOperatingIncomePerShare(Rs.) 222.19247.70
240.22 260.29260.43OperatingProfitPerShare(Rs.)43.46 43.5043.68
35.6235.15AdjustedEPS(Rs.) 16.44 17.3117.44
13.5712.95PROFITABILITYRATIOSOperatingProfitMargin 19.56 17.5618.18
13.6813.50March11 June11 September December March12EBITDAMargin
14.81 13.5813.93 10.5710.4011 11EBITMargin 10.159.6410.157.56
7.28PATMargin 7.406.99 7.265.22 4.97
OperatingProfitMarginEBITMarginPATMarginEBITDAMarginTTMAnalysisParticulars(Rs.InCr)December11
%ofSalesMarch12%ofSales Growth(%)Netsales 317396.00100.00329904.00
100.00 3.94OtherOperatingIncome 0.000.00 0.00 0.00 NANA
TotalOperatingIncome 317396.00100.00329904.00 100.00
3.94TTMGrowth(%)Increase/Decreaseofstock (2925.00)(0.92)
(872.00)(0.26) (70.19) 3.94RawMaterialsConsumption 261553.00
82.41274813.00 83.305.07OtherPurchases
1440.000.451441.000.440.07PowerandFuel 0.000.00
0.000.00NAEmployeesCost2951.000.932862.000.87
(3.02)TotalOperatingExpenses263019.00 82.87278244.00 84.345.79
Total Operating EBITDA EBIT EBTPAT OperatingProfit54377.00 17.13
51660.00 15.66 (5.00)Operating ProfitIncomeOtherIncome4814.00 1.52
6192.001.8828.62R&DExpenses 0.00 0.000.000.00NAOtherExpenses
17479.00 5.5118042.005.473.22 (3.97) (4.56)(4.62)TotalOtherExpenses
17479.00 5.5118042.005.473.22 (5.00)(5.38) EBITDA41712.00 13.14
39810.00 12.07 (4.56)Depreciation 12121.00 3.8211393.003.45
(6.01)Provisionandcontingencies0.00 0.000.000.00NA EBIT29591.00
9.3228417.008.61 (3.97)Interest2595.00 0.82
2667.000.812.77TTMEPS&SPS EBT 26996.00 8.5125750.007.81
(4.62)Tax 5816.00 1.83 5710.001.73 (1.82) PAT 21180.00
6.6720040.006.07 (5.38)ExceptionalItem 0.00 0.000.000.00
NAExtraOrdinaryItem0.00 0.000.000.00 NAPriorYearAdjustment0.00
0.000.000.00 NA ReportedPAT21180.00 6.6720040.006.07 (5.38) TTMSPS
970.41008.64 3.94 December11March12 TTMEPS
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12. TechnicalAnalysisPriceChart1000 10000000 900 9000000 800
8000000 700 7000000 600 6000000 500 5000000 400 4000000 300 3000000
200 2000000 100 1000000 0 016Dec 27Feb
9MayTotalTradedQuantityClosePriceEMA(200)EMA(50) 40.00
20.000.0020.0040.00 MACDSignalline100 80 60 40 200
RSI(14)TechnicalIndicatorsPrice 695.50ASOn:21/05/2012EMA(13)
711.10ADX16EMA(26) 734.09DX 20EMA(50)
756.10+DI14EMA(200)850.88DI21RSI(14)17.96%K(Fast)28.76MACD22.99%K(Slow)19.97William(%R)
71.24%d(Slow)11.64
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