Financial highlights

Entity Rating PACRA JCR-VIS
Long Term AA- (Double A Minus) AA- (Double A Minus)
Short Term A1+ (A One Plus) A-1 (A Minus One)

 

Profitability Unit 2011 2012 2013 2014 2015
Gross profit % 67.67 58.49 58.85 59.33 57.59
EBITDA % 66.48 55.35 53.80 53.93 52.43
Net profit % 27.75 20.70 23.95 25.60 31.12
Return on equity % 14.68 21.11 24.49 25.19 23.0
Return on capital employed % 6.36 10.38 14.48 17.11 17.33
Return on total assets % 5.39 8.04 10.02 11.14 9.76

 

Liquidity / Activity Unit 2011 2012 2013 2014 2015
Current ratio Times 0.84 0.68 0.81 0.97 0.75
Debt to assets Times 0.63 0.62 0.59 0.56 0.58
Fixed assets turnover Times 0.22 0.43 0.49 0.53 0.41
Total assets turnover Times 0.20 0.39 0.43 0.44 0.33

 

Capital structure Unit 2011 2012 2013 2014 2015
Debt : Equity   57:43 52:48 47:53 39:61 33:67
Interest cover Times 2.99 2.57 3.96 4.76 5.85
Financial leverage Times 1.42 1.27 0.94 0.66 0.75
Debt service coverage Times 3.22 1.86 2.18 2.01 1.78

 

Investment / Market Unit 2011 2012 2013 2014 2015
Market price per share (year-end) Rs 22.92 26.40 28.56 35.77 44.73
Book value per share Rs 14.03 13.79 15.60 17.50 19.16
Basic / diluted earnings per share Rs 1.85 2.86 3.82 4.41 4.41
Price earning Times 12.06 9.23 7.48 8.11 9.74
Dividend per share Rs 1.50 2.00 2.50 2.75 0
Dividend payout % 78.95 69.93 65.44 62.38 0
Balance Sheet 2010 2011 2012 2013 2014 2015
Total non current assets 64,958 68,121 67,676 67,726 68,952 75,257
Total current assets 4,499 8,226 8,329 12,346 14,169 19,533
Total assets 69,457 76,347 76,005 80,072 83,121 94,789
Issued, subscribed and paid up capital 20,000 20,000 21,000 21,000 21,000 21,000
Accumulated profit/(loss) -531 3,263 6,158 9,983 13,990 17,469
Total capital and reserves 24,259 28,053 28,948 32,759 36,757 40,229
Long term finance 37,446 34,457 27,024 22,647 17,335 13,168
Total non current liabilities 38,364 38,483 34,785 32,038 31,756 28,580
Short term finance - secured 316 0 2,690 2,303 600 10,229
Current portion of long term finance 0 3,033 4,085 5,938 6,375 6,812
Total current liabilities 6,834 9,811 12,272 15,275 14,608 25,980
Total liabilities and equity 69,457 76,347 76,005 80,072 83,121 94,789
Income Statement 2011 2012 2013 2014 2015
Sales 14,833 29,519 33,496 36,169 29,733
Gross profit 10,092 17,266 19,711 21,461 17,122
Operating profit 9,337 15,293 17,205 18,666 14,214
Profit before taxation 6,088 9,081 12,321 14,149 11,548
Profit after taxation 4,117 6,111 8,022 9,258 9,254

 

Cash Flow Statement 2011 2012 2013 2014 2015
Net cash inflow / (outflow) - Operating Activities 7,466 6,941 12,231 15,000 6,054
Net cash used in Investing Activities (3,637 (965) (4,532) (2,466) -6,837
Net cash (outflow) / inflow - Financing Activities (273) (8,832) (8,445) (11,824) 129