Talwalkars Better Value Fitness Limited (BSE:533200) > Financials > Key Stats

In Millions of INR, except per share items. Currency: Indian Rupee Conversion: Today's Spot Rate
Order: Latest on Right Units: S&P Capital IQ (Default)
Decimals: Capital IQ (Default) Dilution: Basic

Key Financials¹

LTM²
Press Release
For the Fiscal Period Ending 12 months 12 months 12 months 12 months 12 months 12 months†
Mar-31-2014A Mar-31-2015A Mar-31-2016A Mar-31-2017A Dec-31-2017A Mar-31-2018E
Currency INR INR INR INR INR INR

Total Revenue 1,872.73 2,256.55 2,513.71 2,859.99 3,065.25 3,226.1

Growth Over Prior Year 24.11% 20.50% 11.40% 13.78% 12.41% 12.60%

Gross Profit 1,487.71 1,861.37 2,090.47 2,402.48 2,600.8 -

Margin % 79.44% 82.49% 83.16% 84.00% 84.85% 54.80%

EBITDA 934.05 1,261.14 1,441.42 1,725.89 1,829.43 1,933.35

Margin % 49.88% 55.89% 57.34% 60.35% 59.68% 59.93%

EBIT 692.28 863.78 971.31 1,240.26 1,332.16 1,439.1

Margin % 36.97% 38.28% 38.64% 43.37% 43.46% 44.61%

Earnings from Cont. Ops. 397.79 483.78 553.65 682.91 776.39 -

Margin % 21.24% 21.44% 22.03% 23.88% 25.33% -

Net Income 365.89 460.75 550.2 656.28 752.75 809.0

Margin % 19.54% 20.42% 21.89% 22.95% 24.56% 25.08%

Diluted EPS Excl. Extra Items³ 13.98 17.6 19.03 22.09 24.99 26.4
Growth Over Prior Year 15.02% 25.93% 8.13% 16.08% 21.31% 19.05%

Currency INR INR INR INR INR INR

Exchange Rate 1.0 1.0 1.0 1.0 1.0 1.0
Conversion Method S S S S S S

¹All results are taken from the most recently filed statement for each period. When there has been more than one, earlier filings can be viewed on the individual statement pages.
²Growth rates for the LTM period are calculated against the LTM period ending 12 months before.
³All forward period figures are consensus mean estimates provided by the brokers and may not be on a comparable basis as financials.
†Growth rates for forward periods are calculated against prior period estimates or actual pro forma results as disclosed on the Estimates Consensus page.
Growth Rates are calculated in originally reported currency only and will not reflect any currency conversion selected above.

Current Capitalization (Millions of INR)

Currency INR
Share Price 306.8
Shares Out. 31.005

Market Capitalization 9,512.29

- Cash & Short Term Investments 1,058.01
+ Total Debt 4,895.29
+ Pref. Equity -
+ Total Minority Interest 36.69
= Total Enterprise Value (TEV) 13,386.26

Book Value of Common Equity 6,065.16

+ Pref. Equity -
+ Total Minority Interest 36.69
+ Total Debt 4,895.29
= Total Capital 10,997.14

**For companies that have multiple share classes that publicly trade,
we are incorporating the different prices to calculate our company
level market capitalization. Please click on the value to see the
detailed calculation. Prices shown on this page are the close price of
the company’s primary stock class. Shares shown on this page are
total company as-reported share values.
Total Liability includes Total Debt, Minority Interest and Pref. Equity.
Net Liability includes Total Liability, net of Cash and Short Term Investments.
TEV includes Market Cap and Net Liability.
Total Capital includes Common Equity and Total Liability.

Valuation Multiples based on Current Capitalization

LTM
Press Release
For the Fiscal Period Ending 12 months 12 months 12 months 12 months 12 months
Mar-31-2017A Dec-31-2017A Mar-31-2018E Mar-31-2019E Mar-31-2020E
TEV/Total Revenue 4.51x 4.37x 4.15x 3.54x 3.06x

TEV/EBITDA 7.41x 7.29x 6.92x 5.76x 5.06x

TEV/EBIT 10.28x 9.99x 9.30x 8.00x 6.72x

P/Diluted EPS Before Extra 13.89x 12.28x 11.62x 9.12x -

P/BV 1.85x 1.51x 1.59x 1.37x 1.19x

Price/Tang BV 1.91x 1.55x - - -

 12 months 12 months
Mar-31-2019E Mar-31-2020E
INR INR

3,776.87 4,379.0
17.07% 15.94%

- -
55.70% -

2,325.6 2,643.9
61.57% 60.38%

1,673.2 1,990.7
44.30% 45.46%

- -
- -

1,043.15 -
27.62% -

33.64 -
27.41% -

INR INR
1.0 1.0
S S
Talwalkars Better Value Fitness Limited (BSE:533200) > Financials > Income Statement
In Millions of INR, except per share items. Template: Standard Restatement: Latest Filings
Period Type: Annual Order: Latest on Right
Currency: Indian Rupee Conversion: Today's Spot Rate
Units: S&P Capital IQ (Defaul Decimals: Capital IQ (Default)
Source: Capital IQ & Proprieta

Income Statement

LTM
Reclassified Reclassified Reclassified Reclassified Press Release
For the Fiscal Period Ending 12 months 12 months 12 months 12 months 12 months 12 months
Mar-31-2013 Mar-31-2014 Mar-31-2015 Mar-31-2016 Mar-31-2017 Dec-31-2017
Currency INR INR INR INR INR INR

Revenue 1,508.52 1,872.73 2,256.55 2,513.71 2,859.99 3,065.25

Other Revenue 0.44 - - - - -
Total Revenue 1,508.96 1,872.73 2,256.55 2,513.71 2,859.99 3,065.25

Cost Of Goods Sold 335.99 385.02 395.18 423.24 457.51 464.45

Gross Profit 1,172.97 1,487.71 1,861.37 2,090.47 2,402.48 2,600.8

Selling General & Admin Exp. 417.37 530.49 418.18 448.05 454.23 454.23
R & D Exp. - - - - - -
Depreciation & Amort. 146.47 241.77 397.29 470.04 485.56 536.98
Other Operating Expense/(Income) 21.61 23.17 182.12 201.07 222.43 277.43

Other Operating Exp., Total 585.45 795.43 997.59 1,119.16 1,162.22 1,268.64

Operating Income 587.52 692.28 863.78 971.31 1,240.26 1,332.16

Interest Expense (106.84) (111.89) (132.47) (174.66) (200.01) (262.22)

Interest and Invest. Income 9.06 7.33 6.12 61.41 1.07 1.07
Net Interest Exp. (97.78) (104.56) (126.35) (113.25) (198.94) (261.15)

Income/(Loss) from Affiliates - - - - 13.72 7.84

Currency Exchange Gains (Loss) - (0.02) (0.05) 0.06 0.01 0.01
Other Non-Operating Inc. (Exp.) (5.76) (11.23) (8.63) (2.59) (4.38) 73.06
EBT Excl. Unusual Items 483.98 576.47 728.75 855.53 1,050.67 1,151.92

Impairment of Goodwill - - - - - -
Gain (Loss) On Sale Of Assets 0.39 - - - - -
Other Unusual Items - (0.28) - (0.28) (3.92) (4.46)
 EBT Incl. Unusual Items 484.37 576.19 728.75 855.25 1,046.75 1,147.46

Income Tax Expense 158.22 178.4 244.97 301.6 363.84 371.07

Earnings from Cont. Ops. 326.15 397.79 483.78 553.65 682.91 776.39

Earnings of Discontinued Ops. - - - - - -

Extraord. Item & Account. Change - - - - - -
Net Income to Company 326.15 397.79 483.78 553.65 682.91 776.39

Minority Int. in Earnings (25.65) (31.9) (23.03) (3.45) (26.63) (23.64)

Net Income 300.5 365.89 460.75 550.2 656.28 752.75

Pref. Dividends and Other Adj. - - - - - -

NI to Common Incl Extra Items 300.5 365.89 460.75 550.2 656.28 752.75
NI to Common Excl. Extra Items 300.5 365.89 460.75 550.2 656.28 752.75

Per Share Items

Basic EPS 12.15 13.98 17.6 19.03 22.09 25.0
Basic EPS Excl. Extra Items 12.15 13.98 17.6 19.03 22.09 25.0
Weighted Avg. Basic Shares Out. 24.732 26.181 26.181 28.906 29.705 30.114

Diluted EPS 12.15 13.98 17.6 19.03 22.09 24.99

Diluted EPS Excl. Extra Items 12.15 13.98 17.6 19.03 22.09 24.99
Weighted Avg. Diluted Shares Out. 24.733 26.181 26.181 28.912 29.709 30.118

Normalized Basic EPS 11.19 12.54 16.52 18.38 21.21 23.12

Normalized Diluted EPS 11.19 12.54 16.52 18.37 21.21 23.12

Dividends per Share 1.5 1.5 1.5 1.5 1.5 NA

Payout Ratio % 10.03% 10.74% 8.52% 8.10% 6.79% NA

Supplemental Items
EBITDA 734.0 934.05 1,261.14 1,441.42 1,725.89 1,829.43
EBITA 590.23 693.38 868.22 974.12 1,245.17 1,332.16
EBIT 587.52 692.28 863.78 971.31 1,240.26 1,332.16
EBITDAR 952.51 1,268.26 1,653.98 1,862.58 2,153.29 NA
As Reported Total Revenue* 1,521.58 1,883.5 2,265.06 2,581.35 2,865.16 3,147.86
Effective Tax Rate % 32.67% 30.96% 33.62% 35.26% 34.76% 32.34%
Current Domestic Taxes 107.99 133.06 228.93 275.71 335.84 335.84
Total Current Taxes 107.99 133.06 228.93 275.71 335.84 327.98
Deferred Domestic Taxes 50.23 45.38 16.53 23.29 21.29 21.29
Total Deferred Taxes 50.23 45.38 16.53 23.29 21.29 36.38

Normalized Net Income 276.838 328.394 432.439 531.256 630.039 696.31

Interest on Long Term Debt NA 3.85 0.31 NA NA NA
Non-Cash Pension Expense 0.01 0.02 0.1 0.1 0.1 -
Filing Date Aug-25-2014 Jun-13-2015 May-05-2016 Sep-29-2017 Sep-29-2017 Feb-08-2018
Restatement Type RC RC RC RC O P
Calculation Type REP REP REP REP REP LTM

Supplemental Operating Expense Items

Advertising Exp. 37.03 25.87 25.34 26.89 26.83 NA
Selling and Marketing Exp. 37.03 25.87 25.34 26.89 26.83 26.83
General and Administrative Exp. 54.22 59.69 NA NA NA NA
Net Rental Exp. 218.51 334.21 392.84 421.16 427.4 NA
Imputed Oper. Lease Interest Exp. 119.684 163.26 165.892 177.379 167.363 -
Imputed Oper. Lease Depreciation 98.826 170.95 226.948 243.781 260.037 -
Maintenance & Repair Exp. 22.93 24.31 25.77 29.65 24.92 NA

Currency INR INR INR INR INR INR

Exchange Rate 1.0 1.0 1.0 1.0 1.0 1.0
Conversion Method S S S S S S
* Occasionally, certain items classified as Revenue by the company will be re-classified as other income if it is deemed to be non-recurring and unrelated to the core business of the firm. This field shows Total Revenue e
Note: For multiple class companies, per share items are primary class equivalent, and for foreign companies listed as primary ADRs, per share items are ADR-equivalent.
al Revenue exactly as reported by the firm on its consolidated statement of income.
Talwalkars Better Value Fitness Limited (BSE:533200) > Financials > Balance Sheet
In Millions of INR, except per share items. Template: Standard Restatement: Latest Filings
Period Type: Annual Order: Latest on Right
Currency: Indian Rupee Conversion: Today's Spot Rate
Units: S&P Capital IQ (Defaul Decimals: Capital IQ (Default)
Source: Capital IQ & Proprieta

Balance Sheet
Balance Sheet as of: Reclassified Restated Press Release
Mar-31-2013 Mar-31-2014 Mar-31-2015 Mar-31-2016 Mar-31-2017 Dec-31-2017
Currency INR INR INR INR INR INR
ASSETS
Cash And Equivalents 229.24 60.03 465.57 1,407.6 1,336.64 -
Short Term Investments 0.22 0.22 0.22 0.22 0.22 -
Total Cash & ST Investments 229.46 60.25 465.79 1,407.82 1,336.86 1,058.01

Accounts Receivable 177.48 320.45 340.98 316.8 298.12 -

Other Receivables - - 9.81 30.91 97.24 -
Notes Receivable 7.14 4.65 177.24 76.32 150.54 -
Total Receivables 184.62 325.1 528.03 424.03 545.9 -

Inventory 1.55 0.63 0.42 0.39 2.86 -

Prepaid Exp. 22.19 16.06 48.82 17.65 58.78 -
Other Current Assets 9.84 18.49 56.4 383.43 460.89 -
Total Current Assets 447.66 420.53 1,099.46 2,233.32 2,405.29 -

Gross Property, Plant & Equipment 3,973.13 5,133.86 6,222.04 7,153.55 8,026.83 -
Accumulated Depreciation (439.17) (671.49) (1,047.58) (1,543.57) (2,009.18) -
Net Property, Plant & Equipment 3,533.96 4,462.37 5,174.46 5,609.98 6,017.65 -

Long-term Investments 226.59 87.79 50.5 98.58 612.93 -

Goodwill 40.5 39.44 35.01 32.19 51.07 -
Other Intangibles 3.36 3.33 3.32 3.32 91.33 -
Loans Receivable Long-Term 12.86 19.69 15.55 15.95 15.45 -
Deferred Charges, LT 0.52 0.45 0.36 0.29 0.26 -
Other Long-Term Assets 240.53 223.05 285.2 813.37 1,128.66 -
Total Assets 4,505.98 5,256.65 6,663.86 8,807.0 10,322.64 -

LIABILITIES
Accounts Payable 80.34 98.22 146.23 100.4 104.02 -
Accrued Exp. 72.15 83.66 98.42 167.38 117.27 -
Short-term Borrowings 47.93 307.54 6.95 11.87 13.91 -
Curr. Port. of LT Debt 258.5 318.34 225.53 529.86 522.7 -
Curr. Port. of Cap. Leases 3.09 4.4 4.58 4.8 1.2 -
Curr. Income Taxes Payable 115.58 137.74 115.47 109.52 110.1 -
Other Current Liabilities 52.98 46.96 119.21 124.22 38.7 -
Total Current Liabilities 630.57 996.86 716.39 1,048.05 907.9 -

Long-Term Debt 1,346.77 1,363.1 2,772.5 3,071.78 4,014.84 -

Capital Leases 5.03 10.05 6.06 1.25 - -
Def. Tax Liability, Non-Curr. 192.14 237.51 253.48 274.91 296.25 -
Other Non-Current Liabilities 165.88 131.69 11.44 2.0 13.95 -
Total Liabilities 2,340.39 2,739.21 3,759.87 4,397.99 5,232.94 -

Common Stock 261.81 261.81 261.81 297.05 297.05 -

Additional Paid In Capital 1,066.27 1,066.27 1,065.59 2,044.55 2,044.55 -
Retained Earnings 698.03 979.89 1,296.06 1,724.2 2,380.37 -
Treasury Stock - - - - - -
Comprehensive Inc. and Other 58.86 96.95 144.98 204.21 202.12 -
Total Common Equity 2,084.97 2,404.92 2,768.44 4,270.01 4,924.09 6,065.16

Minority Interest 80.62 112.52 135.55 139.0 165.61 -

Total Equity 2,165.59 2,517.44 2,903.99 4,409.01 5,089.7 6,101.85

Total Liabilities And Equity 4,505.98 5,256.65 6,663.86 8,807.0 10,322.64 -

Supplemental Items
Total Shares Out. on Filing Date 26.181 26.181 26.181 29.705 29.705 30.182
Total Shares Out. on Balance Sheet Date 26.181 26.181 26.181 29.705 29.705 30.182
Book Value/Share 79.64 91.86 105.74 143.75 165.77 203.12
Tangible Book Value 2,041.11 2,362.15 2,730.11 4,234.5 4,781.69 5,896.67
Tangible Book Value/Share 77.96 90.22 104.28 142.55 160.97 197.48
Total Debt 1,661.32 2,003.43 3,015.62 3,619.56 4,552.65 4,895.29
Net Debt 1,431.86 1,943.18 2,549.83 2,211.74 3,215.79 3,837.28
Debt Equivalent Oper. Leases 1,748.08 2,673.68 3,142.72 3,369.28 3,419.2 NA
Total Minority Interest 80.62 112.52 135.55 139.0 165.61 36.69
Equity Method Investments 50.5 50.5 NA 48.08 62.43 NA
Inventory Method NA NA NA NA NA NA
Finished Goods Inventory 1.55 0.63 0.42 0.39 2.86 NA
Land NA NA 140.41 181.19 184.41 NA
Buildings 308.78 545.32 524.85 524.85 596.85 NA
Machinery 3,242.55 4,138.61 4,757.11 2,807.93 3,427.41 NA
Construction in Progress 421.8 449.93 779.2 827.25 758.71 -
Leasehold Improvements - - - 2,812.33 3,059.45 -
Filing Date Aug-25-2014 Jun-13-2015 May-05-2016 Sep-29-2017 Sep-29-2017 NA
Restatement Type NC NC RC RS O NV
Calculation Type REP REP REP REP REP FWD
Currency INR INR INR INR INR INR
Exchange Rate 1.0 1.0 1.0 1.0 1.0 1.0
Conversion Method S S S S S S

Note: For multiple class companies, total share counts are primary class equivalent, and for foreign companies listed as primary ADRs, total share counts are ADR-equivalent.
1,068.43
Talwalkars Better Value Fitness Limited (BSE:533200) > Financials > Cash Flow
In Millions of INR, except per share items. Template: Standard Restatement: Latest Filings
Period Type: Annual Order: Latest on Right
Currency: Indian Rupee Conversion: Today's Spot Rate
Units: S&P Capital IQ (Defaul Decimals: Capital IQ (Default)
Source: Capital IQ & Proprieta

Cash Flow

LTM
Restated Press Release
For the Fiscal Period Ending 12 months 12 months 12 months 12 months 12 months 12 months
Mar-31-2013 Mar-31-2014 Mar-31-2015 Mar-31-2016 Mar-31-2017 Dec-31-2017
Currency INR INR INR INR INR INR

Net Income 300.5 365.89 460.75 550.2 656.28 -

Depreciation & Amort. 143.77 240.67 392.92 467.3 480.72 -
Amort. of Goodwill and Intangibles 2.71 1.1 4.44 2.81 4.91 -
Depreciation & Amort., Total 146.48 241.77 397.36 470.11 485.63 -

Other Amortization 0.07 - - - - -

Minority Int. in Earnings (60.76) (67.71) (51.34) (97.36) (13.71) -
(Gain) Loss From Sale Of Assets (0.38) 0.28 - 0.28 3.92 -
Other Operating Activities 226.66 224.0 171.58 139.79 228.94 -
Change in Acc. Receivable 2.67 (152.41) (26.79) 6.5 55.49 -
Change In Inventories - - - - (2.47) -
Change in Acc. Payable 75.79 48.19 27.35 50.37 (27.1) -
Change in Other Net Operating Assets (62.33) (1.18) (340.79) (799.59) (853.97) -
Cash from Ops. 628.7 658.83 638.12 320.3 533.01 -

Capital Expenditure (1,032.6) (1,129.75) (1,368.37) (1,177.16) (909.34) -

Sale of Property, Plant, and Equipment - 44.95 306.83 1.43 16.1 -
Cash Acquisitions - - - - (18.98) -
Divestitures 97.28 53.1 42.2 27.92 - -
Sale (Purchase) of Intangible assets - - - - (150.0) -
Invest. in Marketable & Equity Securt. (54.19) 156.06 37.19 (42.26) (507.1) -
Net (Inc.) Dec. in Loans Originated/Sold - - - - 438.83 -
Other Investing Activities 3.1 2.61 0.63 61.41 1.07 -
Cash from Investing (986.41) (873.03) (981.52) (1,128.66) (1,129.42) -

Short Term Debt Issued - - - - - -

Long-Term Debt Issued 848.62 1,245.4 3,661.32 1,615.38 5,091.41 -
Total Debt Issued 848.62 1,245.4 3,661.32 1,615.38 5,091.41 -
Short Term Debt Repaid - - - - - -
Long-Term Debt Repaid (580.74) (952.81) (2,625.69) (610.99) (4,261.69) -
Total Debt Repaid (580.74) (952.81) (2,625.69) (610.99) (4,261.69) -

Issuance of Common Stock 430.69 - 0.1 1,074.91 - -

Common Dividends Paid (30.15) (39.28) (39.27) (44.56) (44.56) -

Total Dividends Paid (30.15) (39.28) (39.27) (44.56) (44.56) -

Special Dividend Paid - - - - - -

Other Financing Activities (287.22) (200.75) (248.08) (311.0) (311.9) -
Cash from Financing 381.2 52.56 748.38 1,723.74 473.26 -

Misc. Cash Flow Adj. - 0.02 (0.01) 0.32 - -

Net Change in Cash 23.49 (161.62) 404.97 915.7 (123.15) -

Supplemental Items
Cash Interest Paid 64.44 217.05 249.31 284.8 283.07 NA
Cash Taxes Paid 66.91 109.7 230.3 290.39 341.97 NA
Levered Free Cash Flow (445.285) (621.786) (674.581) (378.784) (297.914) NA
Unlevered Free Cash Flow (378.51) (551.855) (591.788) (269.621) (172.908) NA
Change in Net Working Capital (140.34) 96.55 160.64 169.64 374.36 NA
Net Debt Issued 267.88 292.59 1,035.63 1,004.39 829.72 NA
Filing Date Aug-25-2014 Jun-13-2015 May-05-2016 Sep-29-2017 Sep-29-2017 Feb-08-2018
Restatement Type NC RS NC NC O NV
Calculation Type REP REP REP REP REP NA

Currency INR INR INR INR INR INR

Exchange Rate 1.0 1.0 1.0 1.0 1.0 1.0
Conversion Method S S S S S S
Talwalkars Better Value Fitness Limited (BSE:533200) > Financials > Multiples
View: Data Frequency: Quarterly
Order: Latest on Right Decimals: Capital IQ (Default)
Dilution: Basic

In Millions of INR, except per share items.

For Quarter Ending Mar-31-2017 Jun-30-2017 Sep-29-2017 Dec-29-2017 Feb-23-2018

TEV/LTM Total Revenue Average 3.38x 3.87x 4.05x 3.98x 4.48x
High 3.73x 4.26x 4.35x 4.69x 4.90x
Low 3.13x 3.55x 3.67x 3.65x 4.13x
Close 3.73x 4.03x 3.72x 4.57x 4.37x

TEV/NTM Total Revenues Average 2.65x 3.17x 3.37x 3.42x 3.82x

High 2.97x 3.44x 3.61x 4.01x 4.23x
Low 2.44x 2.82x 3.13x 3.11x 3.48x
Close 2.97x 3.29x 3.17x 3.92x 3.68x

TEV/LTM EBITDA Average 5.56x 6.40x 6.76x 6.56x 7.41x

High 6.12x 7.13x 7.28x 7.73x 8.09x
Low 5.13x 5.83x 6.04x 6.02x 6.90x
Close 6.12x 6.74x 6.12x 7.54x 7.29x

TEV/NTM EBITDA Average 4.78x 5.53x 5.75x 5.62x 6.29x

High 5.29x 5.91x 6.19x 6.56x 7.05x
Low 4.37x 5.15x 5.16x 5.14x 5.69x
Close 5.29x 5.68x 5.23x 6.44x 6.01x

TEV/LTM EBIT Average 8.12x 9.14x 9.32x 8.99x 10.15x

High 8.94x 9.84x 10.04x 10.59x 11.08x
Low 7.50x 8.52x 8.28x 8.24x 9.46x
Close 8.94x 9.29x 8.39x 10.33x 9.99x

TEV/NTM EBIT Average 6.72x 8.15x 8.09x 7.76x 8.63x

High 7.83x 9.03x 9.17x 9.08x 9.50x
Low 5.94x 7.46x 7.16x 7.13x 7.85x
Close 7.83x 8.53x 7.26x 8.86x 8.29x

P/LTM EPS Average 11.24x 13.15x 13.33x 12.22x 12.54x

High 12.91x 14.34x 14.62x 13.42x 14.14x
Low 10.23x 12.13x 11.71x 11.26x 11.36x
Close 12.91x 13.20x 11.93x 12.84x 12.28x
P/NTM EPS Average 8.93x 10.87x 11.64x 9.09x 10.27x
High 10.50x 11.86x 13.10x 10.51x 12.20x
Low 7.92x 9.95x 9.02x 8.18x 8.92x
Close 10.50x 11.29x 9.19x 10.36x 9.64x

P/LTM Normalized EPS Average 11.24x 13.36x 13.87x 12.74x 13.49x

High 12.91x 14.83x 15.22x 14.27x 15.18x
Low 10.24x 12.14x 12.12x 11.65x 12.28x
Close 12.91x 13.75x 12.35x 13.79x 13.27x

P/BV Average 1.48x 1.75x 1.78x 1.63x 1.54x

High 1.71x 1.90x 1.95x 1.83x 1.73x
Low 1.36x 1.61x 1.60x 1.48x 1.40x
Close 1.71x 1.76x 1.63x 1.57x 1.51x

P/Tangible BV Average 1.48x 1.75x 1.78x 1.64x 1.58x

High 1.71x 1.90x 1.95x 1.83x 1.78x
Low 1.36x 1.61x 1.60x 1.52x 1.44x
Close 1.71x 1.76x 1.63x 1.62x 1.55x

Average multiples are calculated using positive close values on each trading day within the frequency periods selected. Negative values are excluded from the calculation. When the Multiples are not meaningful, due to n

When a mismatch exists between the currency of the equity listing and the reported financial results such results are translated into the currency of the listing at the exchange rate applicable on the financial period end da

Historical Equity Pricing Data supplied by Interactive Data Pricing and

Reference Data LLC
ngful, due to negative values, then they will not be displayed in the chart.

period end date.

Talwalkars Better Value Fitness Limited (BSE:533200) > Financials > Historical Capitalization
In Millions of INR, except per share items. Frequency: Quarterly Order: Latest on Right
Currency: Indian Rupee Conversion: Today's Spot Rate
Units: S&P Capital IQ (Defaul Decimals: Capital IQ (Default)
Dilution: Basic

Historical Capitalization
Balance Sheet as of:
Mar-31-2012 Mar-31-2013 Mar-31-2014 Mar-31-2015 Mar-31-2016 Mar-31-2017
Pricing as of* Jul-20-2012 Jul-18-2013 Aug-25-2014 Jun-15-2015 May-05-2016 Sep-29-2017
Currency INR INR INR INR INR INR
Capitalization Detail
Share Price 173.7 134.45 211.6 310.1 194.7 269.95
Shares Out. 24.116 26.181 26.181 26.181 29.705 29.705

Market Capitalization 4,188.892 3,520.02 5,539.876 8,118.693 5,783.535 8,018.826

- Cash & Short Term Investments 200.16 229.46 60.25 465.79 1,407.82 1,336.86
+ Total Debt 1,459.64 1,661.32 2,003.43 3,015.62 3,619.56 4,552.65
+ Pref. Equity - - - - - -
+ Total Minority Interest 50.27 80.62 112.52 135.55 139.0 165.61
= Total Enterprise Value (TEV) 5,498.642 5,032.5 7,595.576 10,804.073 8,134.275 11,400.226

Book Value of Common Equity 1,443.34 2,084.97 2,404.92 2,768.44 4,270.01 4,924.09
+ Pref. Equity - - - - - -
+ Total Minority Interest 50.27 80.62 112.52 135.55 139.0 165.61
+ Total Debt 1,459.64 1,661.32 2,003.43 3,015.62 3,619.56 4,552.65
= Total Capital 2,953.25 3,826.91 4,520.87 5,919.61 8,028.57 9,642.35

Currency INR INR INR INR INR INR

Exchange Rate 1.0 1.0 1.0 1.0 1.0 1.0
Conversion Method S S S S S S

* Pricing as of the filing date of the balance sheet period end date. For
TEV calculation purposes on this page Capital IQ only uses balance
sheet components from the original filing that is publicly available as
of a given pricing date and does not use restated balance sheet data
from a later filing. In the cases where a company did not disclose
balance sheet values for a particular period, TEV is calculated using
balance sheet components from the last reported balance sheet as of
this date. The table above is organized along period end dates.
** For companies that have multiple share classes that publicly trade,
we are incorporating the different prices to calculate our company
level market capitalization. Please click on the value to see the
detailed calculation. Prices shown on this page are the close price of
the company’s primary stock class. Shares shown on this page are
total company as-reported share values.

Historical Equity Pricing Data supplied by Interactive Data Pricing and

Reference Data LLC
Talwalkars Better Value Fitness Limited (BSE:533200) > Financials > Capital Structure Summary
In Millions of INR, except ratios and % of Total values. Restatement: Latest Filings Period Type: Annual
Currency: Indian Rupee Conversion: Today's Spot Rate
Units: S&P Capital IQ (Defaul Decimals: Capital IQ (Default)
Order: Latest on Right

Capital Structure Data

For the Fiscal Period Ending
12 months Mar-31-2015 12 months Mar-31-2016 12 months Mar-31-2017
Currency INR INR INR
Units Millions % of Total Millions % of Total Millions % of Total

Total Debt 3,015.62 50.943% 3,619.56 45.083% 4,552.65 47.215%

Total Common Equity 2,768.44 46.767% 4,270.01 53.185% 4,924.09 51.067%
Total Minority Interest 135.55 2.29% 139.0 1.731% 165.61 1.718%
Total Capital 5,919.61 100.00% 8,028.57 100.00% 9,642.35 100.00%

Currency INR INR INR

Exchange Rate 1.0 1.0 1.0
Conversion Method S S S

Debt Summary Data

For the Fiscal Period Ending
12 months Mar-31-2015 12 months Mar-31-2016 12 months Mar-31-2017
Currency INR INR INR
Units Millions % of Total Millions % of Total Millions % of Total

Total Revolving Credit 5.43 0.18% 5.72 0.158% 3.42 0.075%

Total Term Loans 1,902.02 63.072% 2,045.67 56.517% 2,755.11 60.517%
Total Senior Bonds and Notes 750.0 24.871% 1,250.0 34.535% 1,750.0 38.439%
Total Capital Leases 10.64 0.353% 6.05 0.167% 1.2 0.026%
General/Other Borrowings 347.53 11.524% 312.11 8.623% 42.92 0.943%
Total Principal Due 3,015.62 100.00% 3,619.55 100.00% 4,552.65 100.00%

Total Adjustments - - 0.01 0.00% - -

Total Debt Outstanding 3,015.62 100.00% 3,619.56 100.00% 4,552.65 100.00%

Additional Totals
Total Cash & ST Investments 465.79 - 1,407.82 - 1,336.86 -
Net Debt 2,549.83 - 2,211.74 - 3,215.79 -
Total Senior Debt 3,015.62 100.00% 3,619.55 100.00% 4,552.65 100.00%
Total Short-Term Borrowings 6.95 0.23% 11.87 0.328% 13.91 0.306%
Curr. Port. of LT Debt/Cap. Leases 230.11 7.631% 534.66 14.771% 523.9 11.508%
Long-Term Debt (Incl. Cap. Leases) 2,778.56 92.139% 3,073.03 84.901% 4,014.84 88.187%
Total Bank Debt 1,907.45 63.252% 2,051.39 56.675% 2,758.53 60.592%
Total Secured Debt 766.07 25.403% 1,261.77 34.86% 1,754.62 38.541%
Senior Secured Loans 5.43 0.18% 5.72 0.158% 3.42 0.075%
Senior Secured Bonds and Notes 750.0 24.871% 1,250.0 34.535% 1,750.0 38.439%
Total Senior Secured Debt 766.07 25.403% 1,261.77 34.86% 1,754.62 38.541%
Total Unsecured Debt 2,249.55 74.597% 2,357.78 65.14% 2,798.03 61.459%
Fixed Rate Debt 750.0 24.871% 1,250.0 34.535% 1,750.0 38.439%

Credit Ratios
Net Debt/EBITDA 2.02x - 1.53x - 1.86x -
Total Debt/EBITDA 2.39x - 2.51x - 2.64x -
Total Senior Debt/EBITDA 2.39x - 2.51x - 2.64x -
Total Senior Secured/EBITDA 0.61x - 0.88x - 1.02x -
Net Debt/(EBITDA-CAPEX) NM - 8.37x - 3.94x -
Total Debt/(EBITDA-CAPEX) NM - 13.70x - 5.58x -
Total Senior Debt/(EBITDA-CAPEX) NM - 13.70x - 5.58x -
Total Senior Secured/(EBITDA-CAPEX) NM - 4.77x - 2.15x -

Fixed Payment Schedule

Cap. Lease Payment Due +1 4.58 - 4.8 - 1.2 -
Cap. Lease Payment Due, Next 5 Yrs 4.58 - 4.8 - 1.2 -
Cap. Lease Payment Due, After 5 Yrs 6.05 - 1.25 - - -

Interest Rate Data

Filing Date May-05-2016 - Sep-29-2017 - Sep-29-2017 -

Currency INR INR INR

Exchange Rate 1.0 1.0 1.0
Conversion Method S S S
Talwalkars Better Value Fitness Limited (BSE:533200) > Financials > Capital Structure Details
Principal Due in Millions of
INR. Period Type: Annual Source: A 2017 filed Sep-29-2017
Currency: Indian Rupee Conversion: Today's Spot Rate
Units: S&P Capital IQ (Default) Decimals: Capital IQ (Default)

FY 2017 (Mar-31-2017) Capital Structure As Reported Details

Coupon/Base
Description Type Principal Due (INR) Rate Floating Rate Maturity Seniority Secured
10% Debentures - Secured Bonds and Notes 250.0 10.000% NA Dec-07-2018 Senior Yes
Non-Convertible Debentures
11.75% Debentures - Secured Bonds and Notes 250.0 11.750% NA - Senior Yes
Non-Convertible Debentures
9.60% Debentures - Secured Bonds and Notes 250.0 9.600% NA Jan-01-2023 Senior Yes
Non-Convertible Debentures
9.80% Debentures - Secured Bonds and Notes 250.0 9.800% NA - Senior Yes
Non-Convertible Debentures
9.85% Debentures - Secured Bonds and Notes 250.0 9.850% NA Nov-01-2021 Senior Yes
Non-Convertible Debentures
9.85% Debentures - Secured Bonds and Notes 200.0 9.850% NA Jun-17-2021 Senior Yes
Non-Convertible Debentures
9.85% Debentures - Secured Bonds and Notes 300.0 9.850% NA Jul-08-2021 Senior Yes
Non-Convertible Debentures
Current Maturities of Long- Other Borrowings 22.7 NA NA Mar-31-2018 Senior No
Term Debts
Finance Lease Capital Lease 1.2 NA NA - Senior Yes
Loans and Advances from Other Borrowings 8.8 NA NA Mar-31-2018 Senior No
Related Parties
Loans from Related Parties Other Borrowings 9.7 NA NA - Senior No
Overdraft Facility from Bank Revolving Credit 3.4 NA NA Mar-31-2018 Senior Yes
Short-Term Loans Other Borrowings 1.7 NA NA Mar-31-2018 Senior No
Term Loans from Banks Term Loans 2,755.1 NA NA - Senior No

*Principal Due values translated into INR at an exchange rate of 1.000 INR/INR on Feb-25-2018.

FY 2016 (Mar-31-2016) Capital Structure As Reported Details

Coupon/Base
Description Type Principal Due (INR) Rate Floating Rate Maturity Seniority Secured
10% Debentures - Secured Bonds and Notes 250.0 10.000% NA Dec-07-2018 Senior Yes
Non-Convertible Debentures
11.75% Debentures - Secured Bonds and Notes 250.0 11.750% NA - Senior Yes
Non-Convertible Debentures
11.75% Redeemable Secured Bonds and Notes 250.0 11.750% NA - Senior Yes
Non Convertible Debentures
9.80% Debentures - Secured Bonds and Notes 250.0 9.800% NA - Senior Yes
Non-Convertible Debentures
9.85% Debentures - Secured Bonds and Notes 250.0 9.850% NA Nov-01-2021 Senior Yes
Non-Convertible Debentures
Current Maturities of Long- Other Borrowings 279.9 NA NA Mar-31-2018 Senior No
Term Debts
Finance Lease Capital Lease 6.1 NA NA - Senior Yes
Loans and Advances from Other Borrowings 6.1 NA NA Mar-31-2018 Senior No
Related Parties
Loans from Related Parties Other Borrowings 26.1 NA NA - Senior No
Overdraft Facility from Bank Revolving Credit 5.7 NA NA Mar-31-2018 Senior Yes
Short-Term Loans Other Borrowings 0.1 NA NA Mar-31-2018 Senior No
Term Loans from Banks Term Loans 2,045.7 NA NA - Senior No
 Repayme
nt
Convertible Currency
No INR

No INR

No INR

No INR

No INR

No INR

No INR

No INR

No INR
No INR

No INR
No INR
No INR
No INR

Repayme
nt
Convertible Currency
No INR
No INR

No INR

No INR

No INR

No INR

No INR
No INR

No INR
No INR
No INR
No INR
Talwalkars Better Value Fitness Limited (BSE:533200) > Financials > Ratios
Restatement: Latest Filings Period Type: Annual
Order: Latest on Right Decimals: Capital IQ (Default)
Source: Capital IQ & Proprieta

Ratios

LTM
Press Release
For the Fiscal Period Ending 12 months 12 months 12 months 12 months 12 months 12 months
Mar-31-2013 Mar-31-2014 Mar-31-2015 Mar-31-2016 Mar-31-2017 Dec-31-2017
Profitability
Return on Assets % 9.3% 8.9% 9.1% 7.8% 8.1% NA
Return on Capital % 10.8% 10.4% 10.3% 8.7% 8.8% 8.8%
Return on Equity % 17.8% 17.0% 17.8% 15.1% 14.4% NA
Return on Common Equity % 17.0% 16.3% 17.8% 15.6% 14.3% 14.1%

Margin Analysis
Gross Margin % 77.7% 79.4% 82.5% 83.2% 84.0% 84.8%
SG&A Margin % 27.7% 28.3% 18.5% 17.8% 15.9% 14.8%
EBITDA Margin % 48.6% 49.9% 55.9% 57.3% 60.3% 59.7%
EBITA Margin % 39.1% 37.0% 38.5% 38.8% 43.5% 43.5%
EBIT Margin % 38.9% 37.0% 38.3% 38.6% 43.4% 43.5%
Earnings from Cont. Ops Margin % 21.6% 21.2% 21.4% 22.0% 23.9% 25.3%
Net Income Margin % 19.9% 19.5% 20.4% 21.9% 22.9% 24.6%
Net Income Avail. for Common Margin % 19.9% 19.5% 20.4% 21.9% 22.9% 24.6%
Normalized Net Income Margin % 18.3% 17.5% 19.2% 21.1% 22.0% 22.7%
Levered Free Cash Flow Margin % (29.5%) (33.2%) (29.9%) (15.1%) (10.4%) NA
Unlevered Free Cash Flow Margin % (25.1%) (29.5%) (26.2%) (10.7%) (6.0%) NA

Asset Turnover
Total Asset Turnover 0.4x 0.4x 0.4x 0.3x 0.3x NA
Fixed Asset Turnover 0.5x 0.5x 0.5x 0.5x 0.5x NA
Accounts Receivable Turnover 8.0x 7.5x 6.8x 7.6x 9.3x NA
Inventory Turnover NA NM NM NM 281.5x NA

Short Term Liquidity

Current Ratio 0.7x 0.4x 1.5x 2.1x 2.6x NA
Quick Ratio 0.6x 0.4x 1.1x 1.7x 1.9x NA
Cash from Ops. to Curr. Liab. 1.0x 0.7x 0.9x 0.3x 0.6x NA
Avg. Days Sales Out. 45.8 48.5 53.5 47.9 39.2 NA
Avg. Days Inventory Out. NA 1.0 0.5 0.3 1.3 NA
Avg. Days Payable Out. NA 84.8 113.0 106.6 81.1 NA
 Avg. Cash Conversion Cycle NA (35.3) (59.0) (58.4) (40.6) NA

Long Term Solvency

Total Debt/Equity 76.7% 79.6% 103.8% 82.1% 89.4% 80.2%
Total Debt/Capital 43.4% 44.3% 50.9% 45.1% 47.2% 44.5%
LT Debt/Equity 62.4% 54.5% 95.7% 69.7% 78.9% NA
LT Debt/Capital 35.3% 30.4% 46.9% 38.3% 41.6% NA
Total Liabilities/Total Assets 51.9% 52.1% 56.4% 49.9% 50.7% NA

EBIT / Interest Exp. 5.5x 6.2x 6.5x 5.6x 6.2x 5.1x

EBITDA / Interest Exp. 6.9x 8.3x 9.5x 8.3x 8.6x 7.0x
(EBITDA-CAPEX) / Interest Exp. NM NM NM 1.5x 4.1x 7.0x
Total Debt/EBITDA 2.3x 2.1x 2.4x 2.5x 2.6x 2.7x
Net Debt/EBITDA 2.0x 2.1x 2.0x 1.5x 1.9x 2.1x
Total Debt/(EBITDA-CAPEX) NM NM NM 13.7x 5.6x 2.7x
Net Debt/(EBITDA-CAPEX) NM NM NM 8.4x 3.9x 2.1x

Altman Z Score 2.01 1.73 2.12 2.14 1.97 NA

Growth Over Prior Year

Total Revenue 26.4% 24.1% 20.5% 11.4% 13.8% 12.4%
Gross Profit 29.1% 26.8% 25.1% 12.3% 14.9% 14.0%
EBITDA 34.7% 27.3% 35.0% 14.3% 19.7% 10.4%
EBITA 37.2% 17.5% 25.2% 12.2% 27.8% 17.7%
EBIT 37.5% 17.8% 24.8% 12.4% 27.7% 17.7%
Earnings from Cont. Ops. 30.9% 22.0% 21.6% 14.4% 23.3% 28.3%
Net Income 36.2% 21.8% 25.9% 19.4% 19.3% 22.9%
Normalized Net Income 47.5% 18.6% 31.7% 22.9% 18.6% 13.8%
Diluted EPS before Extra 32.8% 15.0% 25.9% 8.1% 16.1% 21.3%

Accounts Receivable (11.7%) 80.6% 6.4% (7.1%) (5.9%) NA

Inventory NA (59.4%) (33.3%) (7.1%) 633.3% NA
Net PP&E 39.6% 26.3% 16.0% 8.4% 7.3% NA
Total Assets 33.5% 16.7% 26.8% 32.2% 17.2% NA

Tangible Book Value 45.8% 15.7% 15.6% 55.1% 12.9% 31.4%

Common Equity 44.5% 15.3% 15.1% 54.2% 15.3% 31.4%
Cash from Ops. 55.5% 4.8% (3.1%) (49.8%) 66.4% NA
Capital Expenditures 16.1% 9.4% 21.1% (14.0%) (22.8%) NA
Levered Free Cash Flow NM NM NM NM NM NA
Unlevered Free Cash Flow NM NM NM NM NM NA
Dividend per Share 20.0% 0.0% 0.0% 0.0% 0.0% NA

Compound Annual Growth Rate Over Two Years

Total Revenue 27.5% 25.2% 22.3% 15.9% 12.6% 12.6%
Gross Profit 32.3% 28.0% 26.0% 18.5% 13.6% 13.8%
 EBITDA 34.8% 30.9% 31.1% 24.2% 17.0% 12.4%
EBITA 36.4% 27.0% 21.3% 18.5% 19.8% 19.4%
EBIT 36.7% 27.3% 21.3% 18.5% 19.8% 19.4%
Earnings from Cont. Ops. 39.2% 26.4% 21.8% 18.0% 18.8% 18.6%
Net Income 36.9% 28.8% 23.8% 22.6% 19.3% 19.5%
Normalized Net Income 38.2% 32.3% 25.0% 27.2% 20.7% 18.8%
Diluted EPS before Extra 33.7% 23.6% 20.4% 16.7% 12.0% 15.3%

Accounts Receivable (6.4%) 26.3% 38.6% (0.6%) (6.5%) NA

Inventory NA NA (47.9%) (21.3%) 161.0% NA
Net PP&E 32.5% 32.7% 21.0% 12.1% 7.8% NA
Total Assets 26.2% 24.8% 21.6% 29.4% 24.5% NA

Tangible Book Value 29.8% 29.9% 15.7% 33.9% 32.3% 22.0%

Common Equity 28.8% 29.1% 15.2% 33.2% 33.4% 22.0%
Cash from Ops. 96.5% 27.7% 0.7% (30.3%) (8.6%) NA
Capital Expenditures 14.2% 12.7% 15.1% 2.1% (18.5%) NA
Levered Free Cash Flow NM NM NM NM NM NA
Unlevered Free Cash Flow NM NM NM NM NM NA
Dividend per Share 22.5% 9.5% 0.0% 0.0% 0.0% NA

Compound Annual Growth Rate Over Three Years

Total Revenue 31.6% 26.3% 23.6% 18.5% 15.2% 12.4%
Gross Profit 33.4% 30.4% 27.0% 21.2% 17.3% 14.3%
EBITDA 41.1% 32.2% 32.3% 25.2% 22.7% 18.1%
EBITA 43.3% 29.8% 26.4% 18.2% 21.5% 18.6%
EBIT 43.1% 30.1% 26.4% 18.2% 21.5% 18.6%
Earnings from Cont. Ops. 60.2% 33.2% 24.8% 19.3% 19.7% 18.4%
Net Income 55.9% 31.7% 27.8% 22.3% 21.5% 20.4%
Normalized Net Income 55.4% 31.3% 32.1% 24.3% 24.3% 23.3%
Diluted EPS before Extra 40.1% 27.1% 24.4% 16.1% 16.5% 15.0%

Accounts Receivable 75.4% 16.5% 19.3% 21.3% (2.4%) NA

Inventory NA NA NA (36.9%) 65.6% NA
Net PP&E 41.7% 30.4% 26.9% 16.7% 10.5% NA
Total Assets 40.8% 23.0% 25.4% 25.0% 25.2% NA

Tangible Book Value 76.4% 24.9% 24.9% 27.5% 26.5% 32.4%

Common Equity 70.5% 24.1% 24.2% 27.0% 27.0% 32.4%
Cash from Ops. 43.4% 59.4% 16.4% (20.1%) (6.8%) NA
Capital Expenditures 47.8% 12.6% 15.5% 4.5% (7.0%) NA
Levered Free Cash Flow NM NM NM NM NM NA
Unlevered Free Cash Flow NM NM NM NM NM NA
Dividend per Share 44.2% 14.5% 6.3% 0.0% 0.0% NA

Compound Annual Growth Rate Over Five Years

Total Revenue 31.6% 25.7% 27.8% 22.0% 19.1% 17.1%
Gross Profit 33.8% 28.7% 30.4% 25.5% 21.5% 19.4%
EBITDA 40.3% 39.7% 37.0% 29.0% 25.9% 22.6%
EBITA 39.4% 39.8% 34.1% 25.1% 23.7% 20.6%
EBIT 39.2% 39.7% 33.9% 25.3% 23.8% 20.6%
Earnings from Cont. Ops. 48.5% 43.1% 43.5% 26.9% 22.3% 20.2%
Net Income 46.1% 40.3% 42.2% 28.0% 24.4% 22.3%
Normalized Net Income 44.1% 60.0% 42.4% 29.7% 27.4% 25.4%
Diluted EPS before Extra 33.5% 27.1% 31.8% 22.9% 19.3% 17.1%

Accounts Receivable 83.1% 121.8% 59.7% 9.3% 8.2% NA

Inventory NA NA NA NA NA NA
Net PP&E 35.8% 35.6% 33.0% 22.7% 18.9% NA
Total Assets 38.9% 35.1% 32.8% 25.5% 25.0% NA

Tangible Book Value 77.3% 72.6% 49.0% 28.4% 27.8% 30.7%

Common Equity 78.1% 63.5% 45.8% 27.7% 27.8% 30.7%
Cash from Ops. 38.2% 24.4% 24.5% 14.5% 5.7% NA
Capital Expenditures 30.5% 25.2% 33.7% 8.3% 0.5% NA
Levered Free Cash Flow NM NM NM NM NM NA
Unlevered Free Cash Flow NM NM NM NM NM NA
Dividend per Share 71.9% 71.9% 24.6% 8.4% 3.7% NA
Talwalkars Better Value Fitness Limited (BSE:533200) > Financials > Supplemental

In Millions of
INR, except
per share
items. Restatement Latest Filings Period Type: Annual
Currency: Indian Rupee Conversion: Today's Spot Rate
Order: Latest on Rig Units: S&P Capital IQ (Default)
Decimals: Capital IQ (De Source: Capital IQ & Proprietary Data

Supplemental
No Data Available
Talwalkars Better Value Fitness Limited (BSE:533200) > Financials > Industry Specific
In Millions of INR, except per share items. Restatement: Latest Filings Period Type: Annual
Currency: Indian Rupee Conversion: Today's Spot Rate
Order: Latest on Right Units: S&P Capital IQ (Default)
Decimals: Capital IQ (Default) Source: Capital IQ & Proprietary Data

Industry Specific
For the Fiscal Period Ending 12 months 12 months 12 months 12 months 12 months 12 months
Mar-31-2012 Mar-31-2013 Mar-31-2014 Mar-31-2015 Mar-31-2016 Mar-31-2017
Currency INR INR INR INR INR INR
Retail Specific Data
Stores at Beginning 94 115 - - - -
Stores Opened 21 20 - - - -
Total Stores 115 135 - 150 176 211

Retail Revenues 1,193.64 1,508.52 1,872.73 2,256.55 2,513.71 2,859.99

Owned / Operated Store Data

Total Owned/Operated Stores - - - - - 133

Franchise Store Data

Total Franchise Stores - - - - - 44

Affiliated Stores Data

Total Affiliated and Other Stores - - - - - 34

Filing Date Jul-18-2013 Aug-25-2014 Jun-13-2015 May-05-2016 Sep-29-2017 Sep-29-2017

Currency INR INR INR INR INR INR

Exchange Rate 1.0 1.0 1.0 1.0 1.0 1.0
Conversion Method S S S S S S
Talwalkars Better Value Fitness Limited (BSE:533200) > Financials > Pension/OPEB
In Millions of INR, except per share items. Restatement: Latest Filings Period Type: Annual
Currency: Indian Rupee Conversion: Today's Spot Rate
Order: Latest on Right Units: S&P Capital IQ (Default)
Decimals: Capital IQ (Default) Source: Capital IQ & Proprietary Data

Pension/OPEB
For the Fiscal Period Ending 12 months 12 months 12 months 12 months 12 months 12 months
Mar-31-2012 Mar-31-2013 Mar-31-2014 Mar-31-2015 Mar-31-2016 Mar-31-2017
Currency INR INR INR INR INR INR
Pension Information - Total
Defined Benefit Net Periodic Cost
Def. Benefit Plan Total Cost 0.01 0.01 0.02 0.1 0.1 0.1

Def. Contribution Plan Cost 0.01 0.01 0.02 0.1 0.59 0.89
Total Pension Expense 0.02 0.02 0.04 0.2 0.69 0.99

Weighted Avg. Assumptions on Def. Benefit Obligation

PBO Assumed Rate of Return - Min - - - - - 8.00%
PBO Assumed Rate of Return - Max - - - - - 8.00%
Rate of PBO Compensation Increase - Min - - - - - 5.00%
Rate of PBO Compensation Increase - Max - - - - - 5.00%

Adj. for Liability Recognized on Balance Sheet

Net Asset/Liability Recognized on Balance Sheet (0.26) (0.27) (0.29) (0.39) (0.49) (0.59)

Other Pension Related Items

Benefit Info Date Mar-31-2012 Mar-31-2013 Mar-31-2014 Mar-31-2015 Mar-31-2016 Mar-31-2017

Pension Information - Domestic

Defined Benefit Net Periodic Cost
Def. Benefit Total Cost 0.01 0.01 0.02 0.1 0.1 0.1

Weighted Avg. Assumptions on Def. Benefit Obligation

PBO Assumed Rate of Return - Min - - - - - 8.00%
PBO Assumed Rate of Return - Max - - - - - 8.00%
Rate of PBO Compensation Increase - Min - - - - - 5.00%
Rate of PBO Compensation Increase - Max - - - - - 5.00%

Adj. for Liability Recognized on Balance Sheet

Net Asset/Liability Recognized on Balance Sheet (0.26) (0.27) (0.29) (0.39) (0.49) (0.59)
Other Pension Related Items
Benefit Info Date Mar-31-2012 Mar-31-2013 Mar-31-2014 Mar-31-2015 Mar-31-2016 Mar-31-2017

Currency INR INR INR INR INR INR

Exchange Rate 1.0 1.0 1.0 1.0 1.0 1.0
Conversion Method S S S S S S
Talwalkars Better Value Fitness Limited (BSE:533200) > Financials > Segments
In Millions of INR. View By: Line Items Restatement: Latest Filings
Period Type: Annual Order: Latest on Right
Currency: Indian Rupee Conversion: Today's Spot Rate
Units: S&P Capital IQ (Defaul Decimals: Capital IQ (Default)

Business Segments
Restated Reclassified Reclassified Reclassified Reclassified
For the Fiscal Period Ending 12 months 12 months 12 months 12 months 12 months 12 months
Mar-31-2012 Mar-31-2013 Mar-31-2014 Mar-31-2015 Mar-31-2016 Mar-31-2017
Currency INR INR INR INR INR INR
Revenues
Fitness 1,194.0 1,509.0 1,872.7 2,256.6 2,513.7 2,860.0
Total Revenues 1,194.0 1,509.0 1,872.7 2,256.6 2,513.7 2,860.0

Interest Expense
Fitness (82.9) (106.8) (111.9) (132.5) (174.7) (200.0)
Total Interest Expense (82.9) (106.8) (111.9) (132.5) (174.7) (200.0)

Net Profit Before Tax

Fitness 353.2 484.4 576.2 728.8 855.3 1,033.0
Total Net Profit Before Tax 353.2 484.4 576.2 728.8 855.3 1,033.0

Tax Expense
Fitness 104.0 158.2 178.4 245.0 301.6 363.8
Total Tax Expense 104.0 158.2 178.4 245.0 301.6 363.8

Net Profit After Tax

Fitness 220.6 300.5 365.9 460.8 550.2 656.3
Total Net Profit After Tax 220.6 300.5 365.9 460.8 550.2 656.3

Assets
Fitness 3,376.2 4,506.0 5,256.7 6,663.9 8,807.0 10,322.6
Total Assets 3,376.2 4,506.0 5,256.7 6,663.9 8,807.0 10,322.6

Depreciation & Amortization

Fitness 117.7 146.5 241.8 397.4 470.1 485.6
Total Depreciation & Amortization 117.7 146.5 241.8 397.4 470.1 485.6

Capital Expenditure
Fitness (889.1) (1,032.6) (1,129.8) (1,368.4) (1,177.2) (1,059.3)
Total Capital Expenditure (889.1) (1,032.6) (1,129.8) (1,368.4) (1,177.2) (1,059.3)
Filing Date Jul-18-2013 Aug-25-2014 Jun-13-2015 May-05-2016 Sep-29-2017 Sep-29-2017

Currency INR INR INR INR INR INR

Exchange Rate 1.0 1.0 1.0 1.0 1.0 1.0
Conversion Method S S S S S S

Geographic Segments
Restated Reclassified Reclassified Reclassified Reclassified
For the Fiscal Period Ending 12 months 12 months 12 months 12 months 12 months 12 months
Mar-31-2012 Mar-31-2013 Mar-31-2014 Mar-31-2015 Mar-31-2016 Mar-31-2017
Currency INR INR INR INR INR INR
Revenues
India 1,194.0 1,509.0 1,872.7 2,256.6 2,513.7 2,860.0
Total Revenues 1,194.0 1,509.0 1,872.7 2,256.6 2,513.7 2,860.0

Interest Expense
India (82.9) (106.8) (111.9) (132.5) (174.7) (200.0)
Total Interest Expense (82.9) (106.8) (111.9) (132.5) (174.7) (200.0)

Net Profit Before Tax

India 353.2 484.4 576.2 728.8 855.3 1,033.0
Total Net Profit Before Tax 353.2 484.4 576.2 728.8 855.3 1,033.0

Tax Expense
India 104.0 158.2 178.4 245.0 301.6 363.8
Total Tax Expense 104.0 158.2 178.4 245.0 301.6 363.8

Net Profit After Tax

India 220.6 300.5 365.9 460.8 550.2 656.3
Total Net Profit After Tax 220.6 300.5 365.9 460.8 550.2 656.3

Assets
India 3,376.2 4,506.0 5,256.7 6,663.9 8,807.0 10,322.6
Total Assets 3,376.2 4,506.0 5,256.7 6,663.9 8,807.0 10,322.6

Depreciation & Amortization

India 117.7 146.5 241.8 397.4 470.1 485.6
Total Depreciation & Amortization 117.7 146.5 241.8 397.4 470.1 485.6

Capital Expenditure
India (889.1) (1,032.6) (1,129.8) (1,368.4) (1,177.2) (1,059.3)
Total Capital Expenditure (889.1) (1,032.6) (1,129.8) (1,368.4) (1,177.2) (1,059.3)
Filing Date Jul-18-2013 Aug-25-2014 Jun-13-2015 May-05-2016 Sep-29-2017 Sep-29-2017

Currency INR INR INR INR INR INR

Exchange Rate 1.0 1.0 1.0 1.0 1.0 1.0
Conversion Method S S S S S S