Balance Sheet of Apollo Tyres

Mar '11
12 mths
Sources Of Funds
Total Share Capital

50.41

Equity Share Capital

50.41

Share Application Money

Preference Share Capital
Reserves
Revaluation Reserves

0
0
1,842.03
3.12

Networth

1,895.56

Secured Loans

1,093.30

Unsecured Loans

814.67

Total Debt

1,907.97

Total Liabilities

3,803.53
Mar '11
12 mths

Application Of Funds
Gross Block
Less: Accum. Depreciation
Net Block
Capital Work in Progress
Investments
Inventories
Sundry Debtors
Cash and Bank Balance

3,299.13
915.55
2,383.58
502.83
559.35
1,136.33
204.28
133.65

Total Current Assets

1,474.26

Loans and Advances

889.36

Fixed Deposits
Total CA, Loans & Advances
Deffered Credit
Current Liabilities
Provisions
Total CL & Provisions
Net Current Assets
Miscellaneous Expenses
Total Assets
Contingent Liabilities
Book Value (Rs)

7.61
2,371.23
0
1,277.81
735.65
2,013.46
357.77
0
3,803.53
697.77
37.55

Profit & Loss account of Apollo Tyres

------------------ in Rs. Cr.

-----------------Mar '11
12 mths

Income
Sales Turnover
Excise Duty
Net Sales
Other Income
Stock Adjustments
Total Income

6,025.45
544.53
5,480.92
24.71
408.72
5,914.35

Expenditure
Raw Materials

4,291.28

Power & Fuel Cost

179.02

Employee Cost

306.85

Other Manufacturing Expenses

Selling and Admin Expenses
Miscellaneous Expenses
Preoperative Exp Capitalised
Total Expenses

89.37
388.98
53.65
0
5,309.15
Mar '11
12 mths

Operating Profit

580.49

PBDIT

605.2

Interest

198.66

PBDT

406.54

Depreciation

147.35

Other Written Off

Profit Before Tax

259.19

Extra-ordinary items
PBT (Post Extra-ord Items)
Tax

4.36
263.55
65.3

Reported Net Profit

198.25

Total Value Addition

1,017.86

Preference Dividend

Equity Dividend

25.2

Corporate Dividend Tax

4.09

Per share data (annualised)

Shares in issue (lakhs)
Earning Per Share (Rs)
Equity Dividend (%)
Book Value (Rs)

5,040.25
3.93
50
37.55

Yearly Results of Apollo Tyres

------------------ in Rs. Cr.

------------------

Mar '11
Sales Turnover

5,490.74

Other Income

26.43

Total Income

5,517.18

Total Expenses

4,956.98

Operating Profit

533.76

Profit On Sale Of Assets

--

Profit On Sale Of Investments

--

Gain/Loss On Foreign Exchange

--

VRS Adjustment

--

Other Extraordinary Income/Expenses

--

Total Extraordinary Income/Expenses

--

Tax On Extraordinary Items

--

Net Extra Ordinary Income/Expenses

--

Gross Profit

560.19

Interest

149.29

PBDT
Depreciation
Depreciation On Revaluation Of Assets
PBT
Tax
Net Profit

410.9
147.35
-263.55
65.3
198.25

Prior Years Income/Expenses

--

Depreciation for Previous Years Written Back/ Provided

--

Dividend

--

Dividend Tax

--

Dividend (%)
Earnings Per Share
Book Value
Equity
Reserves
Face Value

Cash Flow of Apollo Tyres

-3.93
-50.41
1,842.03
1

------------------ in Rs. Cr.

-----------------Mar '11
12 mths

Net Profit Before Tax

263.55

Net Cash From Operating Activities

Net Cash (used in)/from
Investing Activities
Net Cash (used in)/from Financing Activities
Net (decrease)/increase In Cash and Cash Equivalents

152.36
-854.64
587.44
-114.84

Opening Cash & Cash Equivalents

248.62

Closing Cash & Cash Equivalents

133.77

Key Financial Ratios of Apollo Tyres

Mar '11
Investment Valuation Ratios
Face Value
Dividend Per Share
Operating Profit Per Share (Rs)
Net Operating Profit Per Share (Rs)
Free Reserves Per Share (Rs)
Bonus in Equity Capital

1
0.5
11.52
108.74
35.98
--

Profitability Ratios
Operating Profit Margin(%)
Profit Before Interest And Tax Margin(%)

10.59
7.88

Gross Profit Margin(%)

7.9

Cash Profit Margin(%)

5.94

Adjusted Cash Margin(%)

5.94

Net Profit Margin(%)

3.61

Adjusted Net Profit Margin(%)

3.61

Return On Capital Employed(%)

11.65

Return On Net Worth(%)

10.47

Adjusted Return on Net Worth(%)

9.45

Return on Assets Excluding Revaluations

37.55

Return on Assets Including Revaluations

37.61

Return on Long Term Funds(%)

14.65

Liquidity And Solvency Ratios

Current Ratio

0.83

Quick Ratio

0.61

Debt Equity Ratio

1.01

Long Term Debt Equity Ratio

0.6

Debt Coverage Ratios

Interest Cover

2.92

Total Debt to Owners Fund

1.01

Financial Charges Coverage Ratio

2.97

Financial Charges Coverage Ratio Post Tax

2.74

Management Efficiency Ratios

Inventory Turnover Ratio

5.52

Debtors Turnover Ratio

32.07

Investments Turnover Ratio

5.52

Fixed Assets Turnover Ratio

1.67

Total Assets Turnover Ratio

1.45

Asset Turnover Ratio

1.67

Average Raw Material Holding

35.48

Average Finished Goods Held

45.2

Number of Days In Working Capital

23.5

Profit & Loss Account Ratios

Material Cost Composition

78.29

Imported Composition of Raw Materials Consumed

44.12

Selling Distribution Cost Composition

4.02

Expenses as Composition of Total Sales

8.87

Cash Flow Indicator Ratios

Dividend Payout Ratio Net Profit

14.77

Dividend Payout Ratio Cash Profit

8.47

Earning Retention Ratio

83.64

Cash Earning Retention Ratio

91.03

AdjustedCash Flow Times

5.85

Mar '11
Earnings Per Share

3.93

Book Value

37.55

Capital Structure (Apollo Tyres)

Period
From

To
2010

2011

2009

2010

2008

2009

2007

2008

2006

2007

2005

2006

2004

2005

2003

2004

2002

2003

2001

2002

2000

2001

1999

2000

1998

1999

1997

1998

1996

1997

1995

1996

1994

1995

1993

1994

1992

1993

1989

1992

1987

1988

1985

1986

1984

1985

1983

1984

1981

1983

1980

1981

1978

1979

1976

1977

1972

1976

CATEGORY OF

NO. OF

SHAREHOLDER

SHAREHOLDERS

(A) Shareholding of Promoter and Promoter Group

(1) Indian
Individuals / Hindu Undivided Family

Bodies Corporate

12

Sub Total

17

(2) Foreign
Individuals (Non-Residents Individuals / Foreign Individuals)
Sub Total
Total shareholding of Promoter and Promoter Group (A)

1
1
18

(B) Public Shareholding

(1) Institutions
Mutual Funds / UTI

60

Financial Institutions / Banks

17

Central Government / State Government(s)

Insurance Companies

Foreign Institutional Investors

130

Sub Total

213

(2) Non-Institutions

Bodies Corporate

1,540

Individuals
Individual shareholders holding nominal share capital up to Rs. 1 lakh

132,967

Individual shareholders holding nominal share capital in excess of Rs. 1 lakh

Any Others (Specify)

3
2,289

Foreign Corporate Bodies

Non Resident Indians

1
2,276

Trusts

11

Foreign Nationals
Sub Total
Total Public shareholding (B)

Total (A)+(B)
(C) Shares held by Custodians and against which Depository
Receipts have been issued-m

1
136,799
137,012

137,030
-

(1) Promoter and Promoter Group

(2) Public
Sub Total

Total (A)+(B)+(C)

137,030

Mar '10

Mar '09

Mar '08

Mar '07

12 mths

12 mths

12 mths

12 mths

50.41

50.41

48.85

46.41

50.41

50.41

48.85

46.41

4.57

11.72

1,673.07

1,302.18

1,176.84

917.56

3.12

3.12

3.16

3.16

1,726.60

1,355.71

1,233.42

978.85

875.95

462.39

223.15

473.76
144.94

257.02

233.13

237.51

1,132.97

695.52

460.66

618.7

2,859.57

2,051.23

1,694.08

1,597.55

Mar '10

Mar '09

Mar '08

Mar '07

12 mths

12 mths

12 mths

12 mths

2,414.17

1,838.00

1,569.66

1,492.51

803.95

694.66

598.66

541.66

1,610.22

1,143.34

971

950.85

536.04

281.41

94.41

80.46

559.38

297.45

302.71

258.11

552.73

417.05

513.29

451.95

137.54

87.28

155.13

203.06

193.44

175.36

156.13

131.7

883.71

679.69

824.55

786.71

802.25

590.65

538.56

451.75

65.39

165.24

109.73

40.3

1,751.35

1,435.58

1,472.84

1,278.76

897.45

627.15

718.31

681.64

699.99

479.55

428.83

289.12

1,597.44

1,106.70

1,147.14

970.76

153.91

328.88

325.7

308

0.15

0.26

0.12

2,859.55

2,051.23

1,694.08

1,597.54

921.46

682.36

444.96

119.29

34.19

26.84

25.09

207.74

Mar '10

Mar '09

Mar '08

Mar '07

12 mths

12 mths

12 mths

12 mths

5,438.57

4,559.23

4,255.04

3,781.01

392.58

468.37

549.11

490.07

5,045.99

4,090.86

3,705.93

3,290.94

17.29

9.64

11.29

17.43

26.17

-37.41

51.32

39.41

5,089.45

4,063.09

3,768.54

3,347.78

3,243.95

2,947.64

2,523.61

2,375.82

163.47

149.29

134.82

132.68

289.31

207.55

226.83

199.22

78.42

59.85

51.52

12.77

417.14

304.56

285.58

243.86

62.76

28.19

44.68

34.59

4,255.05

3,697.08

3,267.04

2,998.94

Mar '10

Mar '09

Mar '08

Mar '07

12 mths

12 mths

12 mths

12 mths

817.11

356.37

490.21

331.41

834.4

366.01

501.5

348.84

113.54

103.83

80.26

89.23

720.86

262.18

421.24

259.61

122.78

98.01

87.81

74.23

598.08

164.17

333.43

185.38

0.11

6.98

598.19

171.15

333.43

185.38

183.21

63.05

114.14

72

414.99

108.12

219.3

113.42

1,011.10

749.44

743.43

623.11

37.8

22.68

25.2

20.88

6.28

3.86

4.28

2.93

5,040.25

5,040.25

4,884.45

464.02

8.23

2.15

4.49

24.44

75

45

50

45

34.19

26.84

25.09

207.74

Mar '10

Mar '09

Mar '08

Mar '07

5,036.80

4,071.55

3,693.93

3,292.33

10.94

10.14

9.22

2.97

5,047.74

4,081.69

3,703.15

3,295.30

4,252.82

3,745.67

3,229.85

2,983.01

783.98

325.88

464.08

309.32

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

794.92

336.02

473.3

312.29

73.95

66.84

52.04

52.65

720.98

269.18

421.25

259.65

122.78

98.01

87.81

74.23

--

--

--

--

598.2

171.17

333.44

185.42

183.21

63.05

114.14

72

414.99

108.12

219.3

113.42

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

8.23

2.14

4.49

24.44

--

--

--

--

50.41

50.41

48.85

46.41

1,673.07

1,302.18

1,176.84

917.56

10

Mar '10

Mar '09

Mar '08

Mar '07

12 mths

12 mths

12 mths

12 mths

414.99

171.17

333.45

185.42

702.66

324.58

427.77

357.47

-1053.12

-482.59

-168.7

-399.87

326.45

180.46

-165.22

-16.96

-24.01

22.45

93.85

-59.36

272.62

250.18

172

231.36

248.62

272.62

265.85

172

Mar '10

Mar '09

Mar '08

Mar '07

10

0.75

0.45

0.5

4.5

16.21

7.07

10.04

71.43

100.11

81.16

75.87

709.22

32.85

25.61

23.98

196.22

--

--

--

--

16.19

8.71

13.22

10.07

13.7

6.3

10.81

7.76

13.76

6.31

10.85

8.55

10.66

4.82

8.32

5.66

10.66

4.82

8.32

5.77

8.19

2.63

5.89

3.42

8.19

2.63

5.89

3.52

24.99

13.02

24.6

17.44

24.07

7.99

17.89

11.62

24.21

7.38

18.09

12.12

34.19

26.83

25.09

207.71

34.26

26.89

25.15

208.39

26.75

13.95

29.74

22.67

0.95

1.15

0.99

0.83

0.74

0.91

0.83

0.84

0.66

0.51

0.38

0.64

0.55

0.41

0.14

0.27

8.8

3.67

7.51

4.04

0.66

0.51

0.38

0.64

7.37

3.51

6.28

3.95

5.74

2.99

4.83

3.1

10.47

11.77

8.72

7.33

44.89

33.75

20.69

17.4

10.47

11.77

8.72

8.88

2.1

2.24

2.38

3.43

1.78

2.01

2.21

2.08

2.1

2.24

2.38

2.22

28.22

17.21

29.69

29.62

20.43

21.52

30.02

25.72

10.98

28.94

31.64

33.69

64.28

72.05

68.09

72.19

38.84

38.58

31.22

31.18

5.36

4.5

4.57

6.21

6.11

2.53

1.26

10.62

24.54

13.44

20.99

8.19

12.87

9.6

12.68

89.44

73.45

86.71

79.64

91.84

86.6

90.48

87.55

2.1

3.51

1.49

3.24

Mar '10

Mar '09

Mar '08

Mar '07

8.23

2.15

4.49

24.44

34.19

26.84

25.09

207.74

Authorized
Capital

Issued
Capital

(Rs. cr)

(Rs. cr)

Equity Share

73

Equity Share
Equity Share

Instrument

-PAIDUPFace Value Capital

50.4

Shares
(nos)
504024770

50.4

73

50.4

504024770

50.4

73

50.4

504024770

50.4

Equity Share

73

48.84

488444770

48.84

Equity Share

73

46.4

46402477

10

46.4

Equity Share

48

38.34

38337977

10

38.34

Equity Share

48

38.34

38337977

10

38.34

Equity Share

48

38.34

38337977

10

38.34

Equity Share

48

36.32

36315477

10

36.32

Equity Share

48

36.32

36315477

10

36.32

Equity Share

48

36.32

36315477

10

36.32

Equity Share

48

36.32

36315477

10

36.32

Equity Share

48

33.05

33054420

10

33.05

Equity Share

48

30.04

30040104

10

30.04

Equity Share

48

29.87

29874898

10

29.87

Equity Share

48

29.45

29457509

10

29.46

Equity Share

48

27.88

27879350

10

27.88

Equity Share

48

27.88

27879350

10

27.88

Equity Share

48

27.88

27879350

10

27.88

Equity Share

48

27.88

27879350

10

27.88

Equity Share

10

8.4

8402000

10

8.4

Equity Share

10

7.75

7750000

10

7.75

Equity Share

10

7.75

7750000

10

7.75

Equity Share

10

7.39

7386300

10

7.39

Equity Share

10

6.7

6697350

10

6.7

Equity Share

10

6.7

6696050

10

6.7

Equity Share

10

6.47

6466000

10

6.47

Equity Share

10

7.75

7750000

10

7.75

Equity Share

10

7.75

77

10

TOTAL NO.

TOTAL NO. OF

OF SHARES

SHARES HELD
IN

DEMATERIALIZ
ED
FORM

TOTAL
SHAREH
OLDING
AS A %
OF
TOTAL
NO. OF
SHARES

SHARES
PLEDGED
OR

AS A %
OF

OTHERWIS
E
ENCUMBE
RED

(A+B)

NUMBER
OF

AS A %
OF

SHARES

(A+B+C)

AS A % OF
TOTAL
NO. OF
SHARES

5,330,791

5,330,791

1.06

1.06

226,496,504

226,489,054

44.94

44.94

87,450,000

38.61

231,827,295

231,819,845

46

46

87,450,000

37.72

1,977,000

1,977,000

0.39

0.39

1,977,000

1,977,000

0.39

0.39

233,804,295

233,796,845

46.39

46.39

47,861,467

46,604,517

9.5

9.5

1,617,555

1,496,805

0.32

0.32

10,000,000

10,000,000

1.98

1.98

2,520,745

2,473,995

0.5

0.5

113,787,910

113,285,280

22.58

22.58

175,787,677

173,860,597

34.88

34.88

87,450,000

37.4

37,380,431
-

37,023,021
-

7.42
-

7.42
-

52,859,751

41,695,750

10.49

10.49

549,429

549,429

0.11

0.11

3,643,187

2,595,547

0.72

0.72

3,500

3,500

2,920,762

1,873,122

0.58

0.58

717,925

717,925

0.14

0.14

1,000

1,000

94,432,798

81,863,747

270,220,475

18.74

18.74

255,724,344

53.61

53.61

504,024,770

489,521,189

100

100

87,450,000

17.35

504,024,770

489,521,189

100

87,450,000

17.35