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)

 

• Key Ratios
• Balance Sheet
• Income and Cashflow Statement

Profitability	Unit	2011	2012	2013	2014	2015	2016
Gross profit	%	67.67	58.49	58.85	59.33	57.59	53.27
EBITDA	%	66.48	55.35	53.80	53.93	52.43	47.91
Net profit	%	27.75	20.70	23.95	25.60	31.12	28.97
Return on equity	%	14.68	21.11	24.49	25.19	23.0	20.65
Return on capital employed	%	6.36	10.38	14.48	17.11	17.33	15.35
Return on total assets	%	5.39	8.04	10.02	11.14	9.76	8.84

 

Liquidity / Activity	Unit	2011	2012	2013	2014	2015	2016
Current ratio	Times	0.84	0.68	0.81	0.97	0.75	1.03
Debt to assets	Times	0.63	0.62	0.59	0.56	0.58	0.57
Fixed assets turnover	Times	0.22	0.43	0.49	0.53	0.41	0.43
Total assets turnover	Times	0.20	0.39	0.43	0.44	0.33	0.33

 

Capital structure	Unit	2011	2012	2013	2014	2015	2016
Debt : Equity		57:43	52:48	47:53	39:61	33:67	32.68
Interest cover	Times	2.99	2.57	3.96	4.76	5.85	5.24
Financial leverage	Times	1.42	1.27	0.94	0.66	0.75	0.63
Debt service coverage	Times	3.22	1.86	2.18	2.01	1.78	1.69

 

Investment / Market	Unit	2011	2012	2013	2014	2015	2016
Market price per share (year-end)	Rs	22.92	26.40	28.56	35.77	44.73	36.89
Book value per share	Rs	14.03	13.79	15.60	17.50	19.16	22.56
Basic / diluted earnings per share	Rs	1.85	2.86	3.82	4.41	4.41	4.66
Price earning	Times	12.06	9.23	7.48	8.11	9.74	7.92
Dividend per share	Rs	1.50	2.00	2.50	2.75	0	3.25
Dividend payout	%	78.95	69.93	65.44	62.38	0	69.77

Balance Sheet	2010	2011	2012	2013	2014	2015	2016
Total non current assets	64,958	68,121	67,676	67,726	68,952	75,257	78,327
Total current assets	4,499	8,226	8,329	12,346	14,169	19,533	32,271
Total assets	69,457	76,347	76,005	80,072	83,121	94,789	110,597
Issued, subscribed and paid up capital	20,000	20,000	21,000	21,000	21,000	21,000	21,000
Accumulated profit/(loss)	-531	3,263	6,158	9,983	13,990	17,469	24,626
Total capital and reserves	24,259	28,053	28,948	32,759	36,757	40,229	47,374
Long term finance	37,446	34,457	27,024	22,647	17,335	13,168	16,342
Total non current liabilities	38,364	38,483	34,785	32,038	31,756	28,580	32,035
Short term finance - secured	316	0	2,690	2,303	600	10,229	8,011
Current portion of long term finance	0	3,033	4,085	5,938	6,375	6,812	5,518
Total current liabilities	6,834	9,811	12,272	15,275	14,608	25,980	31,188
Total liabilities and equity	69,457	76,347	76,005	80,072	83,121	94,789	110,597

Income Statement	2011	2012	2013	2014	2015	2016
Sales	14,833	29,519	33,496	36,169	29,733	33,765
Gross profit	10,092	17,266	19,711	21,461	17,122	17,985
Operating profit	9,337	15,293	17,205	18,666	14,214	14,294
Profit before taxation	6,088	9,081	12,321	14,149	11,548	11,626
Profit after taxation	4,117	6,111	8,022	9,258	9,254	9,782

 

Cash Flow Statement	2011	2012	2013	2014	2015	2016
Net cash inflow / (outflow) - Operating Activities	7,466	6,941	12,231	15,000	6,054	18,775
Net cash used in Investing Activities	(3,637	(965)	(4,532)	(2,466)	-6,837	-5,012
Net cash (outflow) / inflow - Financing Activities	(273)	(8,832)	(8,445)	(11,824)	129	-2,958

• Financial Results
• Investor Presentation
• Financial Calendar
• Analyst Coverage
• Financial Highlights
• Notices