|Previous GAAP||Ind AS|
|Year ending March||2009||2010||2011||2012||2013||2014||2015||2016||2016^^||2017||2018||2019|
|Summarised Financials (Rs. Crores)|
|Average Capital Employed||13798||14868||15906||18304||21661||25597||30023||33620||41292||45402||50287||56670|
|Gross Sales Value $||25311||28866||33918||39353||47755||53889||57799||60196||60196||64174||67082||75309|
|(i) Net Worth Per Share (Rs.) *||12.13||12.28||13.74||16.02||18.80||22.01||25.56||40.92||34.51||37.33||42.12||47.27|
|(ii) Debt-Equity Ratio||0.01:1||0.01:1||0.01:1||0.004:1||0.003:1||0.002:1||0.001:1||0.001:1||0.001:1||0.0004:1||0.0002:1||0.0001:1|
|(iii) Return on Equity (%)||25.31||29.22||33.23||35.47||36.12||36.19||33.71||30.93||23.63||23.45||23.20||22.80|
|(iv) Return on Avg Capital Employed (%)||35.11||40.89||46.13||49.04||49.72||49.47||46.81||44.64||35.07||34.20||32.86||32.61|
|(v) EV/ EBITDA (x)||12.41||14.22||16.80||17.60||20.37||20.00||16.47||15.65||16.63||19.95||17.11||17.74|
|(vi) Earnings Per Share (Rs.) *||2.88||3.55||4.30||5.25||6.26||7.36||7.99||8.16||7.73||8.40||9.20||10.17|
|(vii) Cash Earnings Per Share (Rs.) *||3.65||4.01||4.88||5.91||7.21||8.18||9.10||9.19||8.73||9.27||10.16||11.34|
* To facilitate like to like comparison, adjusted for 1:1 Bonus Issue in 2011 and 1:2 Bonus Issue in 2017
^^ Figures are restated as per Ind AS.
Under Ind AS (adopted from Financial year 2016-17), dividends are accounted in the year in which due approval of shareholders is obtained, whereas under Previous GAAP, the proposed dividends were accounted and reduced from Reserves and Surplus considered for Net Worth and Capital Employed in the financial year to which they related.
Hence, the metrics under Key Ratios (Sl. No. i, iii & iv) for the FY ended March 2017 onwards under Ind AS have been shown alongside the like to like restated figures under Ind AS for FY ended March 2016.
$ Gross Sales Value (net of rebates and discounts) has been provided to facilitate comparison as the figures of Gross Revenue from sale of products & services and Total Income are not comparable consequent to the introduction of Goods & Services Tax with effect from 1st July 2017, which replaced Central Excise (other than National Calamity Contingent Duty on cigarettes), Value Added Tax etc.
Figures for the periods prior to 2011 have been broadly re-classified/re-arranged/re-grouped, wherever material, as per revised Schedule VI to the erstwhile Companies Act, 1956 in order to facilitate like to like comparison.
Average denotes average of opening and closing balance
Net Worth (Shareholders' Funds) = Equity Share Capital + Other Equity
Capital Employed = Net Worth + Long-term Borrowings + Short-term Borrowings + Current maturities of Long-term Debt + Deferred Tax Liabilities (Net)
EBITDA: Earnings before interest, tax, depreciation & amortisation (including Other Income and before exceptional items)
EBIT: Earnings before interest, tax & exceptional items
PAT: Profit after tax
Debt-Equity Ratio = Long-term borrowings/Net Worth
Return on Equity = PAT/Average Net Worth
Return on Average Capital Employed = EBIT/Average Capital Employed
EV (Enterprise Value) = Closing Market Capitalisation, quoted on the Bombay Stock Exchange (BSE) + Debt - (Current Investments + Cash and Cash Equivalents)
Earnings Per Share = PAT/ No. of Shares at the year end
Cash Earnings Per Share = (PAT+Deferred Tax + Depreciation)/ No. of Shares at the year end
PE (Price Earnings) ratio based on year end closing prices, quoted on the BSE