2005

Sales Turnover (Gross)

Less: Excise Duty
Sale of Manufactured Goods (Net)

462.65
(54.33)

Sale of Purchased Purchased Goods (Net)

339.87
68.45

Sales Turnover (Net)

408.32

Other Income
Total Income

6.87
415.19

Less: Expenditure
Raw materials consumed
Cost of Purchase of goods for Sales (Finished goods)
Manufacturing, Administration & Selling Expenses
Employee benefits expense
Finance Costs
Depreciation & Amortization
(Increase) / Decrease in Stocks
Total Expenditure

159.76
59.63
79.04
36.31
0.86
16.83
(5.00)
347.43

Prior Period Adjustments

Profit Before Tax

67.76

Less: Tax
Current Income Tax
Deferred Income Tax
Fringe Benefit Tax
Tax Adjusted for Earlier Years
Total

19.00
(1.53)
0.55
18.02

Profit After Tax

Profit After Tax (% Change YoY)

49.74

2006

2007

2008

2009

2010

2011

612.25
32.3%
(70.21)

715.97
16.9%
(74.67)

815.53
13.9%
(71.12)

845.45
3.7%
(47.76)

1,112.72
31.6%
(72.64)

1,389.52
24.9%
(90.19)

418.59
23.2%
123.45
80.4%
542.04

474.96
13.5%
166.34
34.7%
641.30

525.78
10.7%
218.63
31.4%
744.41

503.35
-4.3%
294.34
34.6%
797.69

670.72
33.3%
369.36
25.5%
1,040.08

855.18
27.5%
444.15
20.2%
1,299.33

10.87
552.91

10.32
651.62

21.64
766.05

28.73
826.42

25.27
1,065.35

40.07
1,339.40

192.10
110.00
100.02
42.18
1.26
18.30
(20.40)
443.46

207.81
138.78
118.05
52.35
(2.27)
19.36
(6.62)
527.46

238.80
222.21
119.07
66.74
0.48
20.59
(53.57)
614.32

237.35
226.26
124.82
63.88
0.70
20.08
42.23
715.32

332.56
292.07
167.41
79.95
0.89
20.11
(12.08)
880.91

428.19
343.37
196.00
101.18
1.26
22.59
(14.15)
1,078.44

0.32

(4.38)

(11.52)

(2.56)

109.45

124.48

147.35

99.58

181.88

260.96

35.60
(1.65)
0.65
###
34.60

42.35
1.98
0.72
(0.10)
44.95

51.60
(0.87)
0.90
51.63

35.15
(1.26)
0.15
34.04

61.80
(1.58)
0.16
60.38

84.75
0.24
84.99

74.85
50%

79.53
6%

95.72
20%

65.54
-32%

121.50
85%

175.97
45%

CAGR (%)

2012 (Est.)

17.01%

1,617.09

7.51%

(121.28)

14.09%

970.25

30.62%

525.55

17.98%

1,495.81

28.65%
18.21%

48.51
1,544.32

15.12%
28.41%
13.85%
15.77%
5.61%
4.29%
16.02%
17.56%

497.25
404.68
222.35
120.00
1.47
28.30
15.00
1,289.05

21.24%

255.27

23.81%
-100.00%
24.80%

83.14

19.78%

172.14
-2.2%

2005

2006

Sales Growth (YoY)

25.5%

32.3%

Excise Duty to Sales (%)

11.7%

11.5%

Manufactured Goods to Sales(%)

73.5%

68.4%

Sale of Purchased finished Goods to Sales (%)

14.8%

20.2%

1.5%

1.8%

Raw Materials Consumed to Sales (%)

Cost of purchasing Finished Goods to Sales
Manufacturing, Operating Expenses to Sales
Employee Expenses to Sales (%)
Finance Cost to Sales
Depreciation to Sales (%)
(Increase) / Decrease in Stock to Sales (%)
Total Expenditure to Sales (%)

34.5%
12.9%
17.1%
7.8%
0.2%
3.6%
-1.1%
75.1%

31.4%
18.0%
16.3%
6.9%
0.2%
3.0%
-3.3%
72.4%

Profit Before Tax (PBT) to Sales (%)

14.6%

17.9%

Effective Rate of Tax

26.6%

31.6%

Profit After Tax to Sales (%)

10.8%

12.2%

47.0%

45.9%

87%

89%

Other Income to Sales (%)

Raw Materials Consumed to Sale of Manufactured Goods (%)

Cost of Purchase of Finished Goods to Sale of Finished Goods
(%)

Gross Margin (Gross Profit/Gross Sales)

EBITDA Margin (EBITDA/Gross Sales)

52.6%
18.5%

50.7%
21.1%

2007

2008

2009

2010

2011

2012 (Est.)

16.9%

13.9%

3.7%

31.6%

24.9%

16.4%

10.4%

8.7%

5.6%

6.5%

6.5%

7.5%

66.3%

64.5%

59.5%

60.3%

61.5%

60.0%

23.2%

26.8%

34.8%

33.2%

32.0%

32.5%

1.4%

2.7%

3.4%

2.3%

2.9%

3.0%

29.0%
19.4%
16.5%
7.3%
-0.3%
2.7%
-0.9%
73.7%

29.3%
27.2%
14.6%
8.2%
0.1%
2.5%
-6.6%
75.3%

28.1%
26.8%
14.8%
7.6%
0.1%
2.4%
4.99%
84.6%

29.9%
26.2%
15.0%
7.2%
0.1%
1.8%
-1.1%
79.2%

30.8%
24.7%
14.1%
7.3%
0.1%
1.6%
-1.0%
77.6%

30.8%
25.0%
13.75%
7.4%
0.1%
1.75%
0.9%
79.7%

17.4%

18.1%

11.8%

16.3%

18.8%

15.79%

36.1%

35.0%

34.2%

33.2%

32.6%

32.57%

11.1%

11.7%

7.8%

10.9%

12.7%

10.64%

43.8%

45.4%

47.2%

49.6%

50.1%

51.25%

83%

102%

77%

79%

77%

77.00%

51.6%
19.8%

43.5%
20.7%

45.2%
14.2%

43.9%
18.2%

44.5%
20.5%

44.2%
17.6%

i.e. Employee net addition of 485, E

e. Employee net addition of 485, Employee cost has been approximately calculated

Particulars
Sources of Funds:
Shareholders Funds
Share Capital
Reserves & Surplus
Total
Loan Funds:
Secured Loans

2005

2006

16.62
164.95
181.57

16.62
231.01
247.63

11.19

6.83

5.18

199.59

252.81

278.67
(195.56)
83.11

324.60
(213.37)
111.23

23.92
3.27
27.19

25.99
1.98
27.97

2.72

2.65

69.52
65.60
7.98
0.31
25.68
169.09

91.87
85.82
12.29
0.21
25.37
215.56

Current Liabilities And Provisions

Current Liabilities
Provisions
Total

65.69
16.83
82.52

88.32
16.28
104.60

Net Current Assets

86.57

110.96

Deffered Tax liability (Net)

Total
Application of Funds:
Fixed Assets
Gross Block
Less: Depreciation
Net Block
Work-in-Progress
Capital Work in Progress
Advances for Capital Works
Total
Investments
Current Assets
Inventories
Sundry Debtors
Cash and Bank Balances
Other Current Assets
Loans And Advances
Total

Total

199.59

252.81

2007

2008

2009

2010

16.62
301.48
318.10

16.62
388.39
405.01

16.62
445.12
461.74

16.62
556.84
573.46

2011

16.62
713.42
730.04

6.63

5.76

4.51

2.93

3.17

324.73

410.77

466.25

576.39

733.21

363.05
(231.82)
131.23

400.17
(251.82)
148.35

413.21
(271.60)
141.61

418.99
(277.99)
141.00

475.23
(296.91)
178.32

10.32
0.74
11.06

13.28
1.82
15.10

4.40
2.43
6.83

6.17
2.43
8.60

56.84
50.16
107.00

1.22

0.32

0.32

0.32

98.28
104.67
63.93
1.31
31.73
299.92

159.29
114.50
63.55
1.09
47.01
385.44

100.73
108.91
173.07
1.31
76.92
460.94

127.02
131.45
288.01
5.32
75.84
627.64

162.25
214.30
233.42
9.42
92.79
712.18

101.64
17.06
118.70

116.68
21.76
138.44

123.09
20.36
143.45

178.88
22.29
201.17

227.95
36.34
264.29

181.22

247.00

317.49

426.47

447.89

324.73

410.77

466.25

576.39

733.21

CAGR (%)

0.00%
23.27%
21.99%

-10.39%
20.43%

7.92%
6.15%
11.52%

13.16%
47.71%
21.62%
-100.00%

12.87%
18.43%
61.97%
62.86%
20.14%
22.80%

19.45%
11.62%
18.09%
26.47%

20.43%

I) Sales
Geographical
Domestic
Export
II) Class of Goods
A) Manufactured
1. Bearings (Crores)
Realization Per Unit (INR/Unit)
2. Components (Crores)
Realization Per Unit (INR/Unit)
B) Traded
1. Bearings (Crores)
Realization Per Unit (INR/Unit)
2. Axle-Box Housings, Re-Railing Equipment (Crores)
3. High Seas Sales Bars/Rods (Crores)
III) Raw Material Procurement
Indegeniously Obtained (Crores)
Imported (Crores)
IV) Finished Goods Procurement
1. Bearings (Crores)
Cost Per Unit
2. Axle-Box Housings, Re-Railing Equipment (Crores)
3. High Seas Sales Bars/Rods (Crores)
V) Raw Materials & Components Consumed
1. Ferrous Metals (Crores)
Cost Per Metre
2. Ferrous Metals (Crores)
Cost per Metric Ton
3. Forged Rings (Crores)
Cost Per Unit
4. Components (Crores)
Cost Per Unit
VI) Capacity Utiliztion
VII) Ratio
Inventory Turnover

Inventory Days
Debtors Turnover
Debtor Days

2005

2006

2007

2008

2009

336.31
72.01

457.26
84.78

551.67
89.63

632.99
111.42

743.51
54.18

2005

2006

2007

2008

2009

332.76
103.78
7.11
34.82

417.79
84.04
0.80
34.83

474.70
106.38
0.26
2.35

523.70
115.32
0.55
3.02

502.02
101.91
1.33
3.39

50.59
3,208.03
17.86
-

86.64
3,619.58
36.81
-

135.44
2,002.89
30.90
###

203.63
3,491.08
16.53
-

275.98
2,925.59
18.36
-

2005
128.94
30.82

2006
156.43
35.67

2007
177.71
30.10

2008
203.04
35.76

2009
190.01
47.34

48.45
3,219.40
11.18
-

78.35
2,875.01
31.65
-

114.95
1,509.40
23.80
###

206.06
2,910.12
16.15
-

212.32
2,490.34
13.94
-

2005
0.08
292.61
0.01
60,240.96
0.11
22.98
159.56
3.40

2006
0.48
501.57
0.01
37,037.04
0.25
17.31
191.36
3.31

2007
0.50
442.67
0.01
45,454.55
0.08
45.12
207.22
3.12

2008
0.85
268.68
0.67
60,306.03
0.14
18.56
237.14
3.51

2009
0.29
561.35
0.30
47,244.09
0.04
19.82
236.72
3.68

107%

102%

96%

93%

95%

1.35

2.38

3.44

2.89

4.72

269.94
1.91
191.56

153.47
4.12
88.52

106.08
5.89
61.99

126.12
6.50
56.14

77.38
7.62
47.89

2010
940.40
99.68

2011 CAGR (%)

2012 (Est.)
19.1%
11.8%

2010

1,142.58
156.75
57.3%
2011

668.76
100.91
1.96
0.91

853.84
110.24
1.34
0.75

14.4%
0.9%
-21.2%

340.60
3,683.86
17.68
11.08

414.67
3,354.03
16.84
12.64

35.1%

2010
238.97
93.59

2011
298.71
129.48

267.59
2,841.54
13.65
10.83

318.64
2,384.68
12.31
12.42

2010
0.37
574.60
0.02
55,555.56
0.03
33.09
332.14
4.13

2011
0.27
556.86
0.06
40,540.54
0.40
245.01
427.46
5.10

135%

154%

6.80

11.10

12.8%
22.8%

30.9%

19.0%
29.2%
20.3%
15.1%
5.9%

18.5%
1.0%

1,353.81
158.32

53.68
12.12
30.12

32.89
19.81
18.43

(Est.)
16.4%