DESCRIPTION

Mar-08

Mar-09

Mar-10

101834.91

109412.94

106174.11

INCOME

Gross Sales
Less: Inter divisional transfers

5.27

Less: Sales Returns

Less: Excise Duty

4.96%
5052.74

4.41%
4824.56

4.16%
4414.28

Net Sales

96782.18

104588.39

101754.57

Increase/Decrease in Stock

-0.10%
-100.83

0.28%
297.83

-0.35%
-358.01

Raw Material Consumed

25.94%
26411.41

27.65%
30250.98

25.96%
27559.52

Power & Fuel Cost

0.33%
338.54

0.28%
302.16

0.27%
281.49

Employee Cost

6.12%
6235.04

4.58%
5007.64

5.66%
6010.30

Other Manufacturing Expenses

24.53%
24976.25

26.82%
29346.10

23.81%
25275.82

General and Administration Expenses

6525.65

14%
6534.80

176%
18041.66

Selling and Distribution Expenses

0.29%
292.22

0.72%
783.98

0.35%
373.42

Miscellaneous Expenses

2.57%
2485.11

4.29%
4486.89

1.70%
1726.24

Total Expenditure

67163.40

77010.38

78910.43

EXPENDITURE

Operating Profit (Excl OI)

29618.78

27578.00

22844.13

Other Income

15303.59

19194.60

26818.25

Operating Profit
Interest

44922.37
0.82%
113.53

46772.61
1.01%
238.51

49662.38
2.12%
502.19

PBDT

44808.84

46534.10

49160.19

Depreciation

13887.77

15430.38

18718.83

Profit Before Taxation & Exceptional Items

30921.07

31103.72

30441.36

Exceptional Income / Expenses

Profit Before Tax

65.77

Provision for Tax

30921.07
34.60%
10699.95

31169.49
35.32%
11009.34

30441.36
35.19%
10713.79

Profit After Tax

20221.13

20160.15

19727.57

Add Depriciation

13887.77

15430.38

18718.83

Add Effective Intrest

74.24

154.26

325.44

Less Working Capital investment

-390.37

482.47

-1619.61

Less Fixed Cost Investment

-16285.58

-28171.10

-21101.88

FCFF

50859.08

63433.43

61493.34

9827.32

21.71

154.26

325.44

73106.48

61189.60

Add Net Borrowings

Less Effective Intrest

74.24

FCFE
Kd

8.00%

8.00%

8.00%

Ke

15%

15%

15%

WACC

8.93%

8.58%

8.58%

Minority Interest

-350.91

-374.69

-331.85

Share of Associate

2.05

9.88

7.81

19872.26

19795.34

19403.53

-10.73

-2.13

Discount Year

PV of Cash Flows

Extra items

Other Consolidated Items

Consolidated Net Profit
Adjustments to PAT
Profit Balance B/F

2879.49

5898.96

9333.52

Appropriations

22751.75

25683.57

28734.92

Equity Dividend %

320.00

320.00

330.00

Earnings Per Share

92.91

92.55

90.72

Adjusted EPS

23.23

23.14

22.68

Mar-11

Mar-12

Mar-13

Mar-14

Mar-15

Mar-16

2%
170857.4781

3%
175983.2024

125287.32

151100.33

165848.84

1%
167507.3314

4.11%
5153.45

2.53%
3815.38

2.08%
3445.67

3.71%
6210.26

3.71%
6334.464191

3.71%
6524.498117

120133.87

147284.95

162403.17

161297.07

164523.01

169458.70

-4.77%
-5734.10

-0.36%
-536.84

-0.67%
-1092.99

-1.00%
-1608.09

-1.43%
-1483.81

-1.65%
-1772.61

27.37%
34289.98

0.00%

0.00%
0.04

25.00%
41876.83

25.00%
42714.37

25.00%
43995.80

0.27%
339.74

0.12%
185.85

0.13%
218.25

0.23%
376.22

0.23%
383.75

0.23%
395.26

5.71%
7149.56

5.20%
7864.51

5.22%
8650.96

5.41%
9069.920924

5.30%
9049.692207

5.42%
9532.304897

34.78%
43575.83

42.99%
64957.36

47.35%
78529.87

33.38%
55912.33

33.38%
57030.57

33.38%
58741.49

-61%
7097.89

180%
19873.98

28%
25496.28

25.50%
17480.05

25.50%
19771.34

25.50%
22539.97

0.31%
387.85

0.22%
333.92

0.23%
383.41

0.35%
591.00

0.35%
602.82

0.35%
620.91

9.95%
11953.23

9.56%
14076.87

9.42%
15295.81

6.25%
10463.67

6.25%
10672.95

6.25%
10993.14

99059.98

106755.66

127481.64

134161.94

138741.68

145046.26

21073.90

40529.29

34921.54

27135.13

25781.34

24412.44

25041.52

4890.60

5747.69

16166.04

16166.04

46115.41
7.22%
437.72

45419.89
2.85%
434.91

40669.23
2.37%
483.80

16166.04
0
43301.18

41947.38

40578.49

483.80

483.80

483.80

45677.70

44984.98

40185.43

42817.38

41463.58

40094.69

11364.39

13186.54

12094.23

18126.7

19324.1

20948.5

34313.31

31798.45

28091.20

24690.63

22139.47

19146.14

3140.55
34313.31
33.48%
11488.33

34938.99
41.14%
14374.60

28091.20
45.39%
12751.90

24690.63
37.52%
9264.63

22139.47
38.01%
8415.06

19146.14
38.46%
7363.11

22824.97

20564.39

15339.30

15426.00

13724.41

11783.03

11364.39

13186.54

12094.23

18126.74

19324.11

20948.55

291.17

255.98

264.18

302.26

299.91

297.74

6755.08

-7050.58

-1171.00

-499.00

-499.00

-499.00

-32209.26

-38375.11

-41210.40

-36620.7

-36620.7

-36620.7

59934.71

79432.59

70079.10

70974.68

70468.10

70148.99

-17664.56

9201.00

5188.43

5188.43

5188.43

5188.43

291.17

255.98

264.18

302.26

299.91

297.74

41978.99

88377.61

75003.35

75860.85

75356.62

75039.68

8.00%

8.00%

8.00%

15%

15%

15%

11.63%

11.16%

10.28%

-372.04

-284.22

225.59

3.00

-1.07

3.79

22455.93

28143.62

24219.64

-13.67

4.38

6.08

11637.74

14433.17

17995.88

34079.99

42581.17

42221.60

175.00

195.00

190.00

26.25

32.90

28.31

26.25

32.90

28.31

10.28%

10.28%

10.28%

68787.90

61959.82

55946.65

Mar-17

Mar-18

4%
183022.5305

5%
192173.657

3.71%
6785.478042

3.71%
7124.751944

176237.05

185048.91

-1.02%
-2017.23

-1.15%
-1402.22

25.00%
45755.63

25.00%
48043.41

0.23%
411.07

0.23%
431.62

5.38%
9839.109363

5.32%
10225.16812

33.38%
61091.15

33.38%
64145.71

25.50%
23480.86

25.50%
26907.62

0.35%
645.75

0.35%
678.03

6.25%
11432.86

6.25%
12004.50

150639.20

161033.85

25597.85

24015.05

16166.04

16166.04

41763.89

40181.09
YoY Gross Block

Mar-14
13%

Mar-15
13%

Gross Block

317878.84

359267.63

39697.30

YoY Accumulated Dep as

% of SalesDepriciation

11%

11%

20718.2

17836.0

Accumulated Depreciation
Depriciation

179204.59
18126.74

198528.70
19324.11

20561.89

21861.30

36620.67

41388.79

20561.89
39.00%
8019.38

21861.30
39.92%
8727.30

12542.52

13134.00
28%
31%
9%

24%
31%
7%
-0.39%
23.14
16.00
7.1376
31%
0.30
9%

483.80

41280.10

483.80

20718.20

17836.00

295.11

290.66

-499.00

-499.00

-36620.7

-36620.7

70675.50

68380.33

5188.43

5188.43

295.11

290.66

75568.82

73278.10

ROE (%)
Reinvestment Rate
Expected growth in EPS
Actual Growth in Eps
EPS
Dividend
Retained Earnings
Reinvestment Rate
ROC
Expected growth in EBIT

23.23
16.00
7.2275
31%
36%
11%

10.28%

10.28%

51088.14
Sum of all PV
No of Share Holders
Intrinsic Value
Beta
Risk Free Return
Market Return
MVPS as on 19th August 21013
=
No of Share Holders

44920.65
738567.7215
855.552
863.2645608
1.01
0.09
0.18
261.00
855.55

Pv of Terminal Value

455864.55

420000

Mar-16
13%

Mar-17
13%

Mar-18
13%

406045.38

458913.72

518665.69

11%

9%

7%

219477.25
20948.55

240195.45
20718.20

258031.45
17836.00

46777.74

52868.35

59751.97

21%
27%
6%
-1.98%
22.68
16.50
6.1796
27%
0.26
7%

21%
67%
14%
15.73%
26.25
8.75
17.4974
67%
0.28
19%

23%
70%
16%
25.33%
32.90
9.75
23.14538764
70%
0.32
22%

17%
66%
11%
-13.94%
28.31
9.50
18.80889
66%
0.23
15%

Terminal Growth
Rate
Terminal Value of
Cash Flow n

4.00%
743642.1005

Oil & Natural Gas Corporation Ltd. Balance Sheet (New) - Consolidated - Actual - Abridged- [INR-Crore]
DESCRIPTION
Mar-08
Mar-09
Mar-10
Mar-11
EQUITY AND LIABILITIES
Share Capital

2138.89

2138.89

2138.89

4277.76

14.58

0.00

0.00

0.00

Total Reserves

75933.15

90084.61

Shareholder's Funds

78086.61

92223.50 101406.64 115327.25

Share Warrants & Outstandings

Minority Interest

99267.75 111049.49

1144.83

1411.35

1643.17

1989.11

589.03

558.38

695.93

526.04

13287.90
13876.94
8737.55

23145.87
23704.25
9223.08

23030.04
23725.96
10291.22

3451.08
6061.40
11152.64

Long-Term Borrowings
Secured Loans
Unsecured Loans
Total Loans
Deferred Tax Assets / Liabilities
Other Long Term Liabilities

940.89

Long Term Trade Payables

32.22

Long Term Provisions

Total Non-Current Liabilities

54220.33
22614.49

32927.34

34017.18

70323.19

Trade Payables

9844.40

11777.21

13050.75

15586.35

Other Current Liabilities

6876.95

9275.49

9631.14

17661.46

Current Liabilities

Short Term Borrowings

2084.28

Short Term Provisions

23260.18

33740.88

40720.81

1114.15

Total Current Liabilities

39981.54

54793.57

63402.70

36446.25

Total Liabilities
ASSETS

141827.46 181355.76 200469.68 224085.79

Non-Current Assets
Gross Block
Less: Accumulated Depreciation

19%
12%
12%
152833.14 182208.55 204374.34 228013.32
13.13%
11.48%
12.78%
94587.90 107011.03 119293.10 134534.11

Less: Impairment of Assets

Net Block

430.81
58245.24

75197.52

85081.24

93048.39

14422.75

24758.03

25613.84

34760.06

4482.14

3480.35

5159.31

2892.04

Lease Adjustment A/c

Capital Work in Progress
Intangible assets under development
Pre-operative Expenses pending
Assets in transit
Non Current Investments
Long Term Loans & Advances

39727.06

Other Non Current Assets

8684.27

Total Non-Current Assets

77150.12 103435.90 115854.39 179111.82

Current Assets Loans & Advances

Currents Investments

0.00

207.97

Inventories

7298.48

6956.70

8667.05

8567.56

Sundry Debtors

7046.94

7181.35

7142.35

9972.98

Cash and Bank

25055.85

22595.56

22384.09

20815.82

1197.08

1258.29

794.54

851.59

23405.08

39277.35

44785.94

3989.76

64003.42

77269.25

83773.97

44405.67

Other Current Assets

Short Term Loans and Advances
Amt Due from firm (directors interested)
Total Current Assets

Net Current Assets (Including Current Investments)

24021.89

22475.67

20371.28

7959.43

Total Current Assets Excluding Current Investments

64003.42

77269.25

83773.97

44197.71

673.92

650.62

841.32

568.29

Miscellaneous Expenses not written off

Total Assets

141827.46 181355.76 200469.68 224085.79

Contingent Liabilities

19868.21

12493.61

13121.38

15943.50

Total Debt

13876.94

23704.25

23725.96

6704.24

361.86

428.14

470.18

134.13

90.47

107.03

117.54

134.13

Book Value
Adjusted Book Value

Mar-12

Mar-13
DESCRIPTION

Mar-08

Mar-09

Mar-10

Share Capital

2138.89

2138.89

2138.89

4277.76

4277.76

0.00

0.00

Loans

13876.94

23704.25

23725.96

132161.37 148250.25

Total

16015.82

25843.14

25864.85

136439.13 152528.01

Weight of Share Capital

13.35%

8.28%

8.27%

Weight of Loans

86.65%

91.72%

91.73%

75933.15

90084.61

99267.75

2224.01

1946.65

Total Reserves
1446.79

5243.99

3761.80
15262.40
12184.64

3598.76
20450.83
14225.12

1057.55

1492.26

18.27

130.19

56780.79

62995.57

75249.84

87685.88

17603.59

18618.90

20291.69

17097.01

10053.82

11608.08

3556.53

2353.70

51505.63

49677.70

265418.60 291838.23

9.00
9827.32

10%
13%
249716.95 281258.17
11.45%
7.43%
149943.61 161077.85
430.93

531.25

99342.41 119649.08

49698.13

53381.36

2041.18

2045.28

41166.24

47596.47

9991.62

11037.02

202239.58 233709.21

879.54

82.90

13168.01

12780.39

11718.09

15395.61

27891.43

19619.05

2299.53

2635.29

6310.51

6611.49

62267.10

57124.73

10761.47

7447.03

61387.56

57041.83

911.93

1004.29

265418.60 291838.23
25487.73

33355.83

15972.67

20737.85

158.41

177.11

158.41

177.11

Mar-11

Mar-12

Mar-13

4277.76

4277.76

4277.76

3977.12

5208.58

8842.75

8254.88

9486.34

13120.51

51.82%

45.09%

32.60%

48.18%

54.91%

67.40%

111049.49 132161.37 148250.25

Mar-14

Mar-15

Mar-16

Mar-17

Mar-18

YoY Gross Block

13%
13%
13%
13%
13%
Gross Block
317878.84 359267.63 406045.38 458913.72 518665.69
YoY Accumulated Dep as % of SalesDepriciation
11%
11%
11%
9%
7%
Accumulated Depreciation
179204.59 198528.70 219477.25 240195.45 258031.45
Depriciation
18126.74 19324.11 20948.55 20718.20 17836.00

Oil & Natural Gas Corporation Ltd. CashFlow - Consolidated - Actual - Abridged- [INR-Crore]
DESCRIPTION
Mar-07
Mar-08
Profit Before Tax

Mar-09

28547.59

31014.08

31103.72

Adjustment

6457.38

8912.23

7641.06

Changes In working Capital

1994.02

-390.37

482.47

36998.99

39535.94

39227.24

Cash Flow after changes in Working Capital

Interest Paid
Tax Paid

-8520.44 -10508.27 -10244.26

Other Direct Expenses paid

Extra & Other Item

-688.36

1.19

14.70

Cash From Operating Activities

27790.20

29028.85

28997.68

Cash Flow from Investing Activities

-8410.47 -16285.58 -28171.10

Cash from Financing Activities

-7814.83

-8365.23

-3289.22

Net Cash Inflow / Outflow

11564.90

4378.04

-2462.64

9101.35

20670.62

25048.68

20666.25

25048.66

22586.04

Opening Cash & Cash Equivalents

Cash & Cash Equivalent on Amalgamation / Take over / Merger
Cash & Cash Equivalent of Subsidiaries under liquidations
Translation adj. on reserves / op cash balances frgn subsidiaries
Effect of Foreign Exchange Fluctuations
Closing Cash & Cash Equivalent

Mar-10

Mar-12

Mar-13

30441.36

34313.31 42803.51

36742.17

DESCRIPTION

7659.47

18535.29 23137.59

21563.56

Adjustment

6457.38

-7050.58

-1171.00

Extra & Other Item

-688.36

59603.68 58890.52

58890.52

Cash From Operating Activities

27790.20

Loans

27101.84

-1619.61
36481.22

Mar-11

6755.08

-7748.37 -10516.62 -12778.66 -12425.73

50.08
28782.92

-2.43

17.56

-8.70

49084.62 46129.42

44700.30

-21101.88 -32209.26 -38375.11 -41210.40

-8272.72 -11669.65
-591.68
22588.35

5205.71

7855.86

-8272.73

14722.13 20017.38

27873.51

89.55

21996.67

101.54 -11762.63

0.27

0.02

20017.38 27873.51

19600.80

Mar-07

Mar-08

Mar-09

Mar-10

Mar-11

Mar-12

8912.23

7641.06

7659.47

18535.29 23137.59

1.19

14.70

50.08

-2.43

17.56

29028.85 28997.68 28782.92 49084.62 46129.42

29030.04 29012.38 28833.00 49082.19 46146.98

Year
2008-09
2009-10
2010-11
2011-12
2012-13
Reserve Replacement Ratio
FY 05
FY 06
FY 07
FY 08
FY 09
FY 10
FY 11
FY 12
FY 13

ONGC's Reserve Accretion Profile (in MMtoe)

Domestic Assets ONGC Shic JVare in Domest
1
2
68.9
2.82
82.98
4.39
83.56
0.29
84.13
1.31
84.84
4.24
RRR
1
1.1
1.35
1.32
1.44
1.73
1.76
1.79
1.84

etion Profile (in MMtoe)

Total Domestic Reserves
3=1+2
71.72
87.37
83.85
85.44
89.08

OVL Shares in Foreign Assets

4
135.08
0.35
46.23
-0.31
14.16

Total
5=3+5
206.8
87.72
130.08
85.13
103.24

Ratios

2008

2009

2010

2011

2012

Liquidity Ratios (X)

Current Ratio
Quick Ratio
Cash Ratio

1.60
1.42
0.63

1.41
1.28
0.41

1.32
1.18
0.35

1.22
0.98
0.58

1.19
0.93
0.57

55.06
0.30
0.01
0.18
2.02
1.00
2.03
0.22

50.85
0.31
0.01
0.26
2.09
1.01
2.10
0.26

50.58
0.43
0.01
0.23
2.21
1.02
2.25
0.25

51.47
1.08
0.00
0.03
1.64
1.01
1.66
0.38

51.40
1.36
0.01
0.04
1.91
0.94
1.79
0.36

46%
32%
32%
21%

45%
30%
30%
19%

49%
30%
30%
19%

38%
29%
29%
19%

36%
27%
29%
19%

19.28%
12.48%
16.01%
39.70%
35.32%

19.39%
10.33%
14.34%
33.23%
35.19%

19.00%
10.75%
12.16%
33.95%
33.48%

19.30%
11.62%
11.03%
34.40%
33.58%

1.95
5.08
6.74

2.16
8.82
1.68
33.23
0.11
0.03
0.29
1.47
4.09
5.41

Leverage Ratios
Proprietary Ratio
Stock Working Capital Ratio
Capital Gearing Ratio
Debt Equity Ratio
Operating Leverage
Financial Leverage
Composite Leverage
Capitalization Ratio
Profitablity Ratios
Gross Profit Margin
EBIT Margin
EBT Margin
Net Profit Margin
Rate of Return Ratios
Return on Equity
Return on Asset Ratio
Return on Capital Employed
Earning Power
Effective Tax Rate
Valuation Ratios
P/BV
PE Ratio
Price to Sales Ratio
EPS
Earning Yield
Dividend Yield
Dividend Payout Ratio
EV/Net Sales
EV/EBITDA
EV/EBIT

2.05
4.42
6.40

1.61
3.59
5.36

2.32
4.76
7.64

EV/CE
M Cap / Sales
Intrest Coverage ratio

2.53
2.17
273.37

1.81
1.59
131.41

2.31
2.31
61.62

2.02
2.07
79.39

1.57
1.55
92.19

21%
0.60
1.90
2.71

19%
0.55
1.97
2.71

19%
0.48
1.96
2.63

19%
0.49
1.94
2.63

19%
1.11
1.95
3.25

DuPont Analysis
PATM (%)
Sales / Total Assets
Assets to Equity
ROE (%)
Turnover Ratios
Fixed Asset Turnover Ratio
Receiviable Turnover Ratio
Average Collection Period

1.567539 1.26972 1.348836 1.531318

14.70147 14.20786 14.03816 13.58451
24.82745 25.69001 26.00057 26.86885

MVPS as on 30th October 21013

No of Share Holders
Dividend Per Share

290
855.5520
9.75

Cash Flow Ratio

Cash Flow Per share
Price to Cash Flow Ratio
Free Cash Flow per Share
Price to Free Cash Flow
Free Cash Flow Yield
Sales to cash flow ratios
Dupont Analysis
PATM (%)
Sales / Total Assets(x)
Assets to Equity (x)
ROE (%)
DESCRIPTION
Operational & Financial Ratios
Earnings Per Share (Rs)
Adjusted EPS (Rs.)
CEPS(Rs)
DPS(Rs)
Adj DPS(Rs)
Book Value (Rs)
Adjusted Book Value (Rs)
Tax Rate(%)
Dividend Pay Out Ratio(%)
Margin Ratios
PBIDTM (%)
EBITM (%)
Pre Tax Margin(%)
PATM (%)
CPM(%)
Performance Ratios
ROA (%)
ROE (%)
ROCE (%)
Asset Turnover(x)
Inventory Turnover(x)
Debtors Turnover(x)
Fixed Asset Turnover (x)
Sales/Working Capital (x)
Efficiency Ratios
Fixed Capital/Sales(x)
Receivable days
Inventory Days
Payable days
Growth Ratio
Net Sales Growth(%)
Core EBITDA Growth(%)

Mar-08
135.72
1.81
93.01
2.64
0.38
3.33
Mar-08
19.86
0.71
2.00
28.16
Mar-08

Mar-09
135.57
1.44
85.29
2.29
0.44
3.61
Mar-09
18.43
0.68
1.91
23.86
Mar-09

Mar-10
134.57
2.04
68.53
4.01
0.25
3.54
Mar-10
18.58
0.56
1.99
20.53
Mar-10

Mar-11
57.37
5.06
9.02
32.16
0.03
2.45
Mar-11
18.22
0.59
1.97
21.20
Mar-11

Mar-12
53.92
4.96
18.03
14.83
0.07
3.19
Mar-12
18.81
0.62
1.96
22.72
Mar-12

Mar-13
52.25
5.96
19.81
15.72
0.06
3.63
Mar-13
14.47
0.60
1.94
16.71
Mar-13

92.91
23.23
39.87
32.00
16.00
361.86
90.47
34.60
34.44

92.55
23.14
41.60
32.00
16.00
428.14
107.03
35.32
34.58

90.72
22.68
44.94
33.00
16.50
470.18
117.54
35.19
36.38

26.25
26.25
39.96
8.75
8.75
134.13
134.13
33.48
33.34

32.90
32.90
48.64
9.75
9.75
158.41
158.41
33.58
29.64

28.31
28.31
42.18
9.50
9.50
177.11
177.11
34.71
33.56

44.11
30.48
30.36
19.86
33.49

42.75
28.71
28.49
18.43
32.53

46.77
29.14
28.67
18.58
36.21

36.81
27.74
27.39
18.22
27.29

35.26
28.62
28.33
18.81
27.54

29.74
22.45
22.15
14.47
21.76

14.05
28.16
35.62
0.71
15.46
17.17
0.69
4.24

12.48
23.86
30.41
0.68
15.35
15.38
0.65
4.87

10.33
20.53
25.83
0.56
13.59
14.82
0.55
5.21

10.75
21.20
28.36
0.59
14.54
14.64
0.58
15.74

11.62
22.72
31.75
0.62
13.90
13.93
0.63
14.04

8.61
16.71
23.05
0.60
12.78
12.23
0.62
22.27

1.44
21.26
23.61
44.72

1.53
23.73
23.78
48.47

1.82
24.62
26.86
57.76

1.73
24.93
25.10
53.68

1.58
26.20
26.25
76.99

1.60
29.84
28.55
72.24

17.65
14.01

8.07
4.12

-2.71
6.18

18.06
-7.14

22.60
15.55

10.26
-7.44

EBIT Growth(%)
PAT Growth(%)
Adj. EPS Growth(%)
Financial Stability Ratios
Total Debt/Equity(x)
Current Ratio(x)
Quick Ratio(x)
Interest Cover(x)
Total Debt/Mcap(x)
Valuation Ratios
Adjusted PE (x)
PCE(x)
Price / Book Value(x)
Dividend Yield(%)
EV/Net Sales(x)
EV/EBITDA(x)
EV/EBIT(x)
EV/CE(x)
M Cap / Sales
High PE
Low PE

11.20
12.96
11.83

1.20
-0.30
-0.39

-1.48
-2.15
-1.98

12.30
15.70
15.73

24.42
24.55
25.33

-13.91
-15.61
-13.94

0.18
1.60
1.42
273.37
0.26

0.26
1.41
1.28
131.69
0.57

0.24
1.32
1.18
61.62
0.40

0.05
1.22
0.98
79.39
0.02

0.11
1.21
0.95
99.42
0.07

0.14
1.15
0.89
76.95
0.08

10.56
6.15
2.71
3.26
2.05
4.42
6.40
1.40
2.17
16.44
9.42

8.42
4.69
1.82
4.10
1.61
3.59
5.35
0.93
1.59
11.88
6.68

12.11
6.11
2.34
3.00
2.32
4.76
7.64
1.18
2.31
13.60
8.69

11.05
7.26
2.16
3.02
1.94
5.06
6.72
1.04
2.07
16.07
11.05

8.13
5.50
1.69
3.65
1.47
4.06
5.00
0.81
1.55
12.11
9.38

11.01
7.39
1.76
3.05
1.65
5.42
7.18
0.92
1.64
10.37
7.39

ROE (%)
Retention Ratio
Expected growth in EPS
EPS
Dividend
Retention Ratio

Mar-08
28%
31.12%
8.8%
23.23
16.00
7.23

Mar-09
24%
30.85%
7.4%
23.14
16.00
7.14

Mar-10
21%
27.25%
5.6%
22.68
16.50
6.18

Mar-11
21%
66.66%
14.1%
26.25
8.75
17.50

Mar-12
23%
70.36%
16.0%
32.90
9.75
23.15

Mar-13
17%
66.44%
11.1%
#NAME?
28.31
9.50
18.81