Key

Financial
Ratios

Jun '11

Mar '10

Mar '09

Mar '08

Mar '07

Investment Valuation
Ratios
Face
Value
10

10

10

10

10

--

--

--

--

--

1.63

4.58

-3.32

1.25

2.76

104.28

128.77

122.84

114.76

89.82

-50.27

-49.68

-46.27

-44.31

1.02

1.08

1.19

1.2

Dividend
Per Share
Operating
Profit Per
Share
(Rs)
Net
Operating
Profit Per
Share
(Rs)

Free
Reserves
Per Share
(Rs)
-41.57
Bonus in
Equity
Capital
0.58
Profitability Ratios
Operating
Profit
Margin(%)

1.56

3.56

-2.7

1.08

3.07

Profit
Before
Interest
And Tax
Margin(%)

-2.21

-0.46

-7.09

-3.96

-3.34

Gross
Profit
Margin(%)

-2.22

-0.46

-7.14

-4.06

3.92

Cash
Profit
Margin(%)

0.31

2.01

-4.42

1.58

2.49

Adjusted
Cash
Margin(%)

0.31

2.01

-4.42

1.58

3.01

Net Profit
Margin(%)

-3.45

-2.68

-6.29

-2.14

-3.83

Adjusted
Net Profit
Margin(%)

-3.45

-2.68

-6.29

-2.14

-3.58

0.06

-22.57

-4.05

-1.35

13.8

25.09

7.51

18.13

--

--

--

--

-25.13

-31.03

-33.63

-32.08

-25.13

-31.03

-33.63

-32.08

0.07

-35.37

-6.46

-2.24

0.57

0.52

0.39

0.4

0.46

0.6

0.48

0.42

--

--

--

--

--

--

--

--

Return On
Capital
Employed
(%)
-13.16
Return On
Net
Worth(%)
26.55
Adjusted
Return on
Net
Worth(%)
-Return on
Assets
Excluding
Revaluatio
ns
-13.68
Return on
Assets
Including
Revaluatio
ns
-13.68
Return on
Long
Term
Funds(%)
-13.16
Liquidity And
Solvency Ratios
Current
Ratio
0.6
Quick
Ratio
0.45
Debt
Equity
Ratio
-Long
Term
Debt
Equity
Ratio
--

Debt Coverage
Ratios
Interest
Cover
-0.67

0.01

-4.88

-0.99

-0.4

--

--

--

--

-0.82

1.78

2.08

1.66

0.22

2.49

1.99

22.82

22.87

19.97

5.89

17.76

20.92

17.81

15.02

22.82

22.87

19.97

8.08

1.28

1.15

0.99

1.46

5.73

3.5

2.55

1.72

1.28

1.15

0.99

0.78

--

9.9

7.8

5.93

10.29

--

4.08

2.59

5.99

10.88

Total Debt
to Owners
Fund
-Financial
Charges
Coverage
Ratio
1.15
Financial
Charges
Coverage
Ratio Post
Tax
1.15
Management
Efficiency Ratios
Inventory
Turnover
Ratio
15.77
Debtors
Turnover
Ratio
20.2
Investmen
ts
Turnover
Ratio
15.77
Fixed
Assets
Turnover
Ratio
1.48
Total
Assets
Turnover
Ratio
9.44
Asset
Turnover
Ratio
1.48
Average
Raw
Material
Holding
Average
Finished
Goods
Held

Number of
Days In
Working
Capital
-82.66
Profit & Loss Account
Ratios
Material
Cost
Compositi
on
88.29
Imported
Compositi
on of Raw
Materials
Consume
d
4.11
Selling
Distributio
n Cost
Compositi
on
-Expenses
as
Compositi
on of
Total
Sales
0.53
Cash Flow Indicator
Ratios
Dividend
Payout
Ratio Net
Profit
-Dividend
Payout
Ratio
Cash
Profit
-Earning
Retention
Ratio
-Cash
Earning
Retention
Ratio
100
AdjustedC
ash Flow
Times

57.23

-66.84

-32.68

-29.66

-28.87

79.51

84.9

74.88

72.41

11.82

19.42

13.76

27.8

2.93

3.03

2.97

5.37

0.08

3.27

0.98

6.98

--

--

--

--

--

--

--

--

--

--

--

--

100

--

100

100

13.54

--

35.4

25.74

Earnings
Per Share
Book
Value

Jun '11

Mar '10

Mar '09

Mar '08

Mar '07

-3.63

-3.47

-7.78

-2.53

-3.55

-13.68

-25.13

-31.03

-33.63

-31.86

Key
Financial
Ratios

Mar '11

Mar '10

Mar '09

Mar '08

Mar '07

Investment Valuation
Ratios
Face
Value
2

10

10

10

10

0.5

2.5

2.5

2.5

2.5

95.61

342.05

257.44

196.68

147.89

326.99

1,323.65

1,173.89

984.24

901.68

898.06

454.63

364.45

254.72

--

--

--

--

Dividend
Per Share
Operating
Profit Per
Share
(Rs)
Net
Operating
Profit Per
Share
(Rs)

Free
Reserves
Per Share
(Rs)
263.75
Bonus in
Equity
Capital
-Profitability Ratios
Operating
Profit
Margin(%)

29.24

25.84

21.93

19.98

16.4

Profit
Before
Interest
And Tax
Margin(%)

25.15

22

17.16

14.86

10.89

Gross
Profit
Margin(%)

25.23

22.12

17.22

14.92

15.12

Cash
Profit
Margin(%)

19.07

17.12

17.06

14.98

13.57

Adjusted
Cash
Margin(%)

19.07

17.12

17.06

14.98

13.02

Net Profit
Margin(%)

14.42

14.96

8.42

10.09

8.14

Adjusted
Net Profit
Margin(%)

14.42

14.96

8.42

10.09

7.59

8.27

8.34

8.72

9.81

21.37

20.77

26.07

25.79

19.18

30.54

25.69

24.06

931.21

477.51

382.68

285.96

931.21

477.51

382.68

285.96

8.57

9.1

10.26

11.44

1.23

1.06

0.76

0.81

0.93

0.92

0.88

1.07

2.89

3.98

3.52

2.67

2.76

3.75

2.84

2.15

Return On
Capital
Employed
(%)
7.89
Return On
Net
Worth(%)
17.18
Adjusted
Return on
Net
Worth(%)
17.96
Return on
Assets
Excluding
Revaluatio
ns
274.43
Return on
Assets
Including
Revaluatio
ns
274.43
Return on
Long
Term
Funds(%)
8.19
Liquidity And
Solvency Ratios
Current
Ratio
1.04
Quick
Ratio
0.67
Debt
Equity
Ratio
2.86
Long
Term
Debt
Equity
Ratio
2.72

Debt Coverage
Ratios
Interest
Cover
10.94

9.2

15.02

10.95

6.81

2.89

3.98

3.52

2.67

7.06

9.47

7.9

7.53

6.02

6.59

6.89

7.08

3.35

4.75

4.4

5.09

8.31

8.06

7.23

8.12

3.35

4.75

4.4

5.84

1.53

1.53

1.44

1.3

0.37

0.48

0.57

0.86

1.53

1.53

1.44

1.43

146.82

100.33

79.39

61.67

47.49

53.63

32.42

21.12

36.73

20.72

Total Debt
to Owners
Fund
2.86
Financial
Charges
Coverage
Ratio
5.8
Financial
Charges
Coverage
Ratio Post
Tax
4.62
Management
Efficiency Ratios
Inventory
Turnover
Ratio
2.58
Debtors
Turnover
Ratio
11.41
Investmen
ts
Turnover
Ratio
2.58
Fixed
Assets
Turnover
Ratio
0.48
Total
Assets
Turnover
Ratio
0.31
Asset
Turnover
Ratio
0.48
Average
Raw
Material
Holding
Average
Finished
Goods
Held

Number of
Days In
Working
Capital
116.74
Profit & Loss Account
Ratios
Material
Cost
Compositi
on
64.88
Imported
Compositi
on of Raw
Materials
Consume
d
34.14
Selling
Distributio
n Cost
Compositi
on
3.23
Expenses
as
Compositi
on of
Total
Sales
17.37
Cash Flow Indicator
Ratios
Dividend
Payout
Ratio Net
Profit
1.29
Dividend
Payout
Ratio
Cash
Profit
1.01
Earning
Retention
Ratio
98.77
Cash
Earning
Retention
Ratio
99.03
AdjustedC
ash Flow
Times

12.49

117.64

79.49

82.5

77.09

72.09

67.73

77.12

78.46

49.07

36.97

37.82

33.74

3.1

2.81

2.05

2.66

21.71

29.34

30.14

39.86

1.46

2.94

2.93

3.96

1.17

1.89

1.95

2.37

98.37

98

97.03

95.75

98.72

98.55

98.03

97.53

11.78

9.45

9.09

6.47

Earnings
Per Share
Book
Value

Mar '11

Mar '10

Mar '09

Mar '08

Mar '07

47.16

199.09

99.2

99.77

73.76

274.43

931.21

477.51

382.68

285.96

COMPARISON WITH PEERS

Key Ratios

Pennar
Industries

Lloyds Steel

BHUSHAN Steel

Mar '11

Jun'11

Mar '11

5
1.25
11.53
13.1

10
-1.63
-41.57

2
0.5
95.61
263.75

12.68

1.56

29.24

11.66
11.67
6.25

-2.21
-2.22
-3.45

25.15
25.23
14.42

Return On Capital Employed(%)

Return On Net Worth(%)
Return on Long Term Funds(%)

37.13
31.13
49.62

-13.16
26.55
-13.16

7.89
17.18
8.19

Liquidity And Solvency Ratios

Current Ratio
Quick Ratio
Debt Equity Ratio
Long Term Debt Equity Ratio

1.08
1.71
0.57
0.17

0.6
0.45
---

1.04
0.67
2.86
2.72

12.64
0.57

-0.67
--

10.94
2.86

15.63
8.37
3.76
3.17
10.61
7.09

15.77
20.2
1.48
9.44
---

2.58
11.41
0.48
0.31
146.82
53.63

65.52

-82.66

116.74

Investment Valuation Ratios

Face Value
Dividend Per Share
Operating Profit Per Share (Rs)
Free Reserves Per Share (Rs)
Profitability Ratios
Operating Profit Margin(%)
Profit Before Interest And Tax
Margin(%)
Gross Profit Margin(%)
Net Profit Margin(%)

Debt Coverage Ratios

Interest Cover
Total Debt to Owners Fund
Management Efficiency Ratios
Inventory Turnover Ratio
Debtors Turnover Ratio
Fixed Assets Turnover Ratio
Total Assets Turnover Ratio
Average Raw Material Holding
Average Finished Goods Held
Number of Days In Working
Capital

Profit & Loss Account Ratios

Material Cost Composition
Imported Composition of Raw
Materials Consumed
Selling Distribution Cost
Composition
Expenses as Composition of Total
Sales

73.98

88.29

64.88

0.03

4.11

34.14

5.65

--

3.23

0.02

0.53

17.37

Dividend Payout Ratio Net Profit

Earning Retention Ratio

25.5
74.51

---

1.29
98.77

Earnings Per Share

Book Value

5.69
18.28

-3.63
-13.68

47.16
274.43

0.55

-3.37

6.8

Cash Flow Indicator Ratios

PE RATIO AS on 9th NOVEMBER 2011

PE RATIO

COMMENTS