Eveready Industries India

Balance Sheet ------------------- in Rs. Cr. -------------------

  Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

  12 mths 12 mths 12 mths 12 mths 12 mths

Sources Of Funds
Total Share Capital 35.87 36.34 36.34 36.34 36.34
Equity Share Capital 35.87 36.34 36.34 36.34 36.34
Share Application Money 0.00 5.52 2.61 2.61 0.00
Preference Share Capital 0.00 0.00 0.00 0.00 0.00
Reserves 475.43 470.24 427.47 446.87 587.46
Revaluation Reserves 122.89 104.64 86.59 68.72 43.40
Networth 634.19 616.74 553.01 554.54 667.20
Secured Loans 347.17 400.07 369.00 275.22 250.47
Unsecured Loans 31.70 58.83 32.70 21.18 34.25
Total Debt 378.87 458.90 401.70 296.40 284.72
Total Liabilities 1,013.06 1,075.64 954.71 850.94 951.92
  Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

  12 mths 12 mths 12 mths 12 mths 12 mths

Application Of Funds
Gross Block 1,196.98 1,197.88 1,346.76 1,353.52 1,311.43
Less: Accum. Depreciation 337.50 373.11 441.90 480.73 476.28
Net Block 859.48 824.77 904.86 872.79 835.15
Capital Work in Progress 21.40 78.89 9.54 11.72 12.95
Investments 47.47 47.47 1.47 0.00 41.10
Inventories 202.76 175.71 191.76 170.04 202.12
Sundry Debtors 44.62 45.25 35.69 37.12 37.21
Cash and Bank Balance 5.59 15.91 31.11 10.03 6.72
Total Current Assets 252.97 236.87 258.56 217.19 246.05
Loans and Advances 52.61 84.27 84.11 56.40 74.03
Fixed Deposits 1.01 0.50 1.93 2.23 1.72
Total CA, Loans & Advances 306.59 321.64 344.60 275.82 321.80
Deffered Credit 0.00 0.00 0.00 0.00 0.00
Current Liabilities 175.95 148.18 270.28 295.19 219.79
Provisions 47.26 49.98 39.97 17.17 39.27
Total CL & Provisions 223.21 198.16 310.25 312.36 259.06
Net Current Assets 83.38 123.48 34.35 -36.54 62.74
Miscellaneous Expenses 1.34 1.03 4.49 2.98 0.00
Total Assets 1,013.07 1,075.64 954.71 850.95 951.94

Contingent Liabilities 41.92 38.80 33.66 38.29 39.23

Book Value (Rs) 71.27 69.69 63.81 66.48 85.82
Eveready Industries India
Profit & Loss account ------------------- in Rs. Cr. -------------------
Mar
  Mar '07 Mar '08 Mar '09 Mar '10
'06

12
  12 mths 12 mths 12 mths 12 mths
mths

Income
Sales Turnover 827.16 873.87 946.36 925.31 1,018.46
Excise Duty 99.87 101.34 99.18 67.98 44.31
Net Sales 727.29 772.53 847.18 857.33 974.15
Other Income 73.35 2.15 3.54 2.05 97.69
Stock Adjustments 60.98 -41.21 20.44 -34.93 26.29
Total Income 861.62 733.47 871.16 824.45 1,098.13
Expenditure
Raw Materials 501.97 477.03 580.89 517.34 619.39
Power & Fuel Cost 18.06 12.13 13.20 12.36 11.58
Employee Cost 65.52 70.46 70.54 79.11 75.99
Other Manufacturing Expenses 9.71 9.67 10.06 9.24 9.46
Selling and Admin Expenses 101.05 104.18 110.16 110.62 145.78
Miscellaneous Expenses 12.87 12.20 19.20 14.92 11.58
Preoperative Exp Capitalised -11.41 0.00 -2.56 -4.25 -0.67
Total Expenses 697.77 685.67 801.49 739.34 873.11
Mar
  Mar '07 Mar '08 Mar '09 Mar '10
'06

12
  12 mths 12 mths 12 mths 12 mths
mths

Operating Profit 90.50 45.65 66.13 83.06 127.33

PBDIT 163.85 47.80 69.67 85.11 225.02
Interest 45.37 41.36 53.92 42.09 35.15
PBDT 118.48 6.44 15.75 43.02 189.87
Depreciation 18.31 19.95 27.63 24.94 24.13
Other Written Off 0.94 1.07 2.17 2.79 3.00
Profit Before Tax 99.23 -14.58 -14.05 15.29 162.74
Extra-ordinary items 0.25 1.39 9.64 5.94 1.25
PBT (Post Extra-ord Items) 99.48 -13.19 -4.41 21.23 163.99
Tax 19.84 0.23 14.91 1.83 21.78
Reported Net Profit 79.66 -13.43 -19.32 19.40 142.21
Total Value Addition 195.80 208.64 220.60 222.00 253.71
Preference Dividend 0.00 0.00 0.00 0.00 0.00
Equity Dividend 14.45 0.00 0.00 0.00 3.63
Corporate Dividend Tax 2.03 0.00 0.00 0.00 0.60
Per share data (annualised)
Shares in issue (lakhs) 717.47 726.87 726.87 726.87 726.87
Earning Per Share (Rs) 11.10 -1.85 -2.66 2.67 19.56
Equity Dividend (%) 40.00 0.00 0.00 0.00 10.00
Book Value (Rs) 71.27 69.69 63.81 66.48 85.82

Eveready Industries India  

Cash Flow ------------------- in Rs. Cr. -------------------
  Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

  12 mths 12 mths 12 mths 12 mths 12 mths

Net Profit Before Tax 99.49 -13.20 -4.41 17.98 163.99

Net Cash From Operating
7.97 36.58 176.47 132.73 96.87
Activities
Net Cash (used in)/from
13.92 -59.77 -56.79 -10.97 -62.03
Investing Activities
Net Cash (used in)/from
-26.77 33.00 -106.76 -142.55 -38.65
Financing Activities
Net (decrease)/increase In Cash
-4.88 9.82 12.92 -20.78 -3.82
and Cash Equivalents
Opening Cash & Cash
11.47 6.59 20.12 33.04 12.26
Equivalents
Closing Cash & Cash
6.59 16.41 33.04 12.26 8.44
Equivalents

Eveready Industries India  

Key Financial Ratios ------------------- in Rs. Cr. -------------------

Mar
  Mar '07 Mar '08 Mar '09 Mar '10
'06

Investment Valuation Ratios

Face Value 5.00 5.00 5.00 5.00 5.00
Dividend Per Share 2.00 -- -- -- 0.50
Operating Profit Per Share (Rs) 12.61 6.28 9.10 11.43 17.52
Net Operating Profit Per Share
101.37 106.28 116.55 117.95 134.02
(Rs)
Free Reserves Per Share (Rs) 49.98 48.67 41.13 44.01 63.40
Bonus in Equity Capital 67.52 66.64 66.64 66.64 66.64
Profitability Ratios
Operating Profit Margin(%) 12.44 5.90 7.80 9.68 13.07
Profit Before Interest And Tax 9.91 3.31 4.52 6.76 10.57
Margin(%)
Gross Profit Margin(%) 6.47 0.99 4.54 6.77 10.59
Cash Profit Margin(%) 13.45 0.84 0.11 4.80 7.36
Adjusted Cash Margin(%) 3.59 0.83 0.11 4.80 7.36
Net Profit Margin(%) 10.93 -1.73 -2.27 2.25 14.57
Adjusted Net Profit Margin(%) 0.95 -1.87 -2.27 2.25 14.57
Return On Capital
8.10 2.78 4.60 7.34 11.18
Employed(%)
Return On Net Worth(%) 15.58 -2.62 -4.20 4.04 22.79
Adjusted Return on Net
1.35 -2.87 -6.27 2.81 7.16
Worth(%)
Return on Assets Excluding
6.44 69.55 63.19 66.07 85.82
Revaluations
Return on Assets Including
7.15 83.95 75.10 75.52 91.79
Revaluations
Return on Long Term
9.43 3.28 5.26 8.14 12.36
Funds(%)
Liquidity And Solvency Ratios
Current Ratio 0.65 0.75 0.70 0.63 0.81
Quick Ratio 0.45 0.73 0.49 0.34 0.44
Debt Equity Ratio 0.74 0.91 0.87 0.61 0.46
Long Term Debt Equity Ratio 0.49 0.62 0.64 0.46 0.32
Debt Coverage Ratios
Interest Cover 1.63 0.67 0.77 1.41 3.05
Total Debt to Owners Fund 0.74 0.91 0.87 0.61 0.46
Financial Charges Coverage
2.01 1.16 1.29 2.02 3.66
Ratio
Financial Charges Coverage
3.18 1.18 1.19 2.12 5.82
Ratio Post Tax
Management Efficiency Ratios
Inventory Turnover Ratio 3.59 4.41 5.08 5.61 5.17
Debtors Turnover Ratio 20.97 17.19 20.93 23.55 26.21
Investments Turnover Ratio 4.20 5.15 5.08 5.61 5.17
Fixed Assets Turnover Ratio 8.98 7.65 1.27 1.27 1.54
Total Assets Turnover Ratio 3.42 2.63 4.45 8.19 4.22
Asset Turnover Ratio 1.40 1.48 1.27 1.27 1.54
 
Average Raw Material
38.34 52.91 40.20 61.70 53.81
Holding
Average Finished Goods Held 58.73 34.43 45.18 30.60 40.46
Number of Days In Working
41.27 57.54 14.60 -15.34 23.18
Capital
Profit & Loss Account Ratios
Material Cost Composition 69.01 61.75 68.56 60.34 63.58
Imported Composition of Raw
16.47 31.44 17.10 16.25 19.56
Materials Consumed
Selling Distribution Cost
10.15 10.26 9.69 9.52 11.82
Composition
Expenses as Composition of
1.31 1.84 1.89 2.05 1.84
Total Sales
Cash Flow Indicator Ratios
Dividend Payout Ratio Net
20.68 -- -- -- 2.98
Profit
Dividend Payout Ratio Cash
16.65 -- -- -- 2.50
Profit
-
Earning Retention Ratio -- -- 100.00 90.52
137.82
Cash Earning Retention Ratio 37.06 100.00 100.00 100.00 94.10
AdjustedCash Flow Times 14.47 70.98 407.45 7.18 3.96

Mar
  Mar '07 Mar '08 Mar '09 Mar '10
'06

Earnings Per Share 11.10 -1.85 -2.66 2.67 19.56

Book Value 71.27 69.69 63.81 66.48 85.82