BALANCE SHEET

Particulars/Years 2018 2017 2016 2015 2014

EQUITY AND LIABILITIES
Share Capital 1,966.88 1,311.25 655.62 723.08 723.08
Share Warrants & Outstandings
Shareholder's Funds 34,152.00 29,668.38 27,322.96 22,467.48 19,458.76
Long-Term Borrowings
Secured Loans 1,408.34 1,907.74 1,424.87 1,607.50 700
Unsecured Loans 13,349.88 11,868.70 12,142.55 10,129.51 11,108.36
Deferred Tax Assets / Liabilities 4,953.26 3,501.71 2,621.89 1,708.26 1,360.90
Other Long Term Liabilities 200.76 200.69 130.75 70.03 60.74
Long Term Trade Payables 0 0 0 0 0
Long Term Provisions 1,366.19 1,353.15 1,156.84 1,108.60 1,157.31
Total Non-Current Liabilities 21,278.43 18,831.99 17,476.90 14,623.90 14,387.31
Trade Payables 13,255.60 11,519.91 8,545.05 12,630.71 12,170.61
Current Liabilities
Other Current Liabilities 21,789.16 22,809.98 20,235.75 16,406.54 14,746.97
Short Term Borrowings 8,093.01 7,227.36 23.96 40.27 8,183.70
Short Term Provisions 1,654.34 1,932.01 1,752.73 3,575.61 3,179.94
Total Current Liabilities 44,792.11 43,489.26 30,557.49 32,653.13 38,281.22
Total Liabilities 100,222.54 91,989.63 75,357.35 69,744.51 72,127.29
ASSETS
Gross Block 49,118.41 35,137.61 25,035.38 41,809.63 38,163.78
Less: Accumulated Depreciation 6,140.78 3,700.70 1,828.08 21,494.57 19,124.27
Less: Impairment of Assets 0 0 0 0 0
Net Block 42,977.63 31,436.91 23,207.30 20,315.06 19,039.51
Lease Adjustment A/c 0 0 0 0 0
Capital Work in Progress 4,043.71 11,216.73 12,449.13 7,640.61 2,690.99
Intangible assets under development 363.83 405.79 215.18 25.07 25.07
Pre-operative Expenses pending 0 0 0 0 349.04
Assets in transit 0 0 0 0 0
Non Current Investments 10,825.66 9,241.51 7,632.03 7,302.05 7,238.10
Long Term Loans & Advances 3,770.57 4,233.06 2,469.10 3,624.97 2,826.78
Other Non Current Assets 1,359.66 1,207.14 1,181.94 465.09 505.81
Total Non-Current Assets 63,341.06 57,741.14 47,154.68 39,372.85 32,675.30
Total Reserves 32,185.12 28,357.13 26,667.34 21,744.40 18,735.68
Current Assets Loans & Advances
Currents Investments 4,995.18 5,360.34 5,179.43 5,089.09 4,608.79
Inventories 20,873.75 19,798.01 13,792.86 14,457.85 19,071.13
Cash and Bank 88.07 64.69 2,067.35 1,360.20 203.76
Trade Receivables (OCA) 4,744.20 3,035.10 4,219.66 6,127.72 10,869.03
Short Term Loans and Advances 1,027.68 1,232.17 754.42 705.09 518.91
Total Current Assets 36,881.48 34,248.49 28,202.67 30,301.09 39,351.78
Net Current Assets (Including Curren -7,910.63 -9,240.77 -2,354.82 -2,352.04 1,070.56
Total Current Assets Excluding Curre 31,886.30 28,888.15 23,023.24 25,212.00 34,742.99
Miscellaneous Expenses not written o 0 0 0 70.57 100.21
Total Assets 100,222.54 91,989.63 75,357.35 69,744.51 72,127.29
Contingent Liabilities 11,945.06 10,616.68 9,148.52 10,976.70 7,635.25
Total Debt 23,350.67 23,159.21 15,857.49 13,097.60 20,321.56
Book Value (in ?) 173.64 0 416.75 309.74 267.72
Adjusted Book Value (in ?) 173.64 0 138.92 154.87 267.72

INCOME STATEMENT
Particulars/Years 2018 2017 2016 2015 2014
Gross Sales 277,162.22 242,047.81 217,894.77 253,254.86 271,051.81
Less :Inter divisional transfers 0 0 0 0 0
Less: Sales Returns 0 0 0 0 0
Less: Excise 40,849.13 39,837.25 29,490.13 15,167.96 10,976.82
Net Sales 236,313.09 202,210.56 188,404.64 238,086.91 260,074.98
EXPENDITURE:
Increase/Decrease in Stock 320.6 -5,577.61 834.31 5,244.64 -1,860.83
Raw Materials Consumed 206,930.19 181,930.80 161,835.44 211,476.09 240,095.30
Power & Fuel Cost 1,749.50 1,309.36 1,562.32 1,736.12 1,196.89
Employee Cost 3,430.98 3,429.46 2,757.81 2,085.60 2,896.35
Other Manufacturing Expenses 7,539.83 6,786.42 6,469.47 6,154.07 5,706.93
General and Administration Expenses 2,619.90 1,906.95 1,851.02 1,703.94 1,689.13
Selling and Distribution Expenses 0 0 0 0 0
Miscellaneous Expenses 2,197.41 1,690.60 2,069.64 1,371.76 2,250.54
Expenses Capitalised 0 0 0 0 0
Total Expenditure 224,788.41 191,475.98 177,380.02 229,772.23 251,974.31
PBIDT (Excl OI) 11,524.69 10,734.58 11,024.63 8,314.67 8,100.67
Other Income 3,155.04 2,695.39 1,776.17 2,199.96 1,454.20
Operating Profit 14,679.74 13,429.98 12,800.80 10,514.63 9,554.88
Interest 833.25 495.87 565.16 583.1 1,359.08
PBDT 13,846.49 12,934.11 12,235.64 9,931.53 8,195.80
Depreciation 2,648.48 1,891.32 1,844.60 2,516.02 2,246.82
Profit Before Taxation & Exceptional 11,198.01 11,042.79 10,391.04 7,415.51 5,948.98
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax 11,198.01 11,042.79 10,391.04 7,415.51 5,948.98
Provision for Tax 3,278.67 3,003.49 3,334.68 2,331.00 1,888.10
PAT 7,919.34 8,039.30 7,056.36 5,084.51 4,060.88
Extraordinary Items 0 0 0 0 0
Adj to Profit After Tax 0 0 0 0 0
Profit Balance B/F 3,074.56 1,422.46 2,279.55 500 500
Appropriations 10,993.90 9,461.76 9,335.91 5,584.51 4,560.88
Equity Dividend (%) 210 325 310 225 170
Earnings Per Share (in ?) 40.26 61.31 107.63 70.32 56.16
Book Value (in ?) 173.64 226.26 416.75 309.74 267.72
Interest 738.64 443.31 338.55
 Horizontal Analysis Common Size Analysis
2018 2017 2016 2015 2018 2017 2016

50.00038 100.0015 -9.32953 0

15.11245 8.584063 21.61115 15.46203

-26.1776 33.88871 -11.3611 129.6429 1.405213 2.073864 1.8908175513

12.47972 -2.25529 19.87302 -8.81183 13.32024 12.90222 16.1132922
41.4526 33.55671 53.48308 25.52429 4.942261 3.806636 3.4792757442
0.03488 53.4914 86.7057 15.2947 0.200314 0.218166 0.1735066321
0 0 0
0.963677 16.9695 4.351434 -4.2089 1.363156 1.470981 1.5351389081
12.99087 7.753606 19.50916 1.644435 21.23118 20.47186 23.192031036
15.06687 34.81384 -32.347 3.780419 13.22617 12.52305 11.339371674
0 0
-4.47532 12.7212 23.33953 11.25363 21.74078 24.79625 26.853054148
11.9774 30064.27 -40.5016 -99.5079 8.07504 7.856712 0.0317951733
-14.3721 10.22861 -50.981 12.44269 1.650667 2.100248 2.3258912369
2.995797 42.31948 -6.41788 -14.702 44.69265 47.27626 40.550112232
8.949824 22.07121 8.047716 -3.30358 100 100 100
0
39.78871 40.35181 -40.1205 9.553168 49.00934 38.19736 33.222213892
65.93563 102.4364 -91.4952 12.3942 6.127145 4.022953 2.4258814834
0 0 0
36.71073 35.4613 14.23693 6.69949 42.8822 34.17441 30.796332408
0 0 0
-63.9493 -9.89949 62.93372 183.9331 4.034731 12.19347 16.520127101
-10.3403 88.58165 758.3167 0 0.363022 0.441126 0.2855461345
0 0 0 -100 0 0 0
0 0 0
17.14168 21.08849 4.519005 0.883519 10.80162 10.04625 10.127784483
-10.9257 71.44142 -31.8863 28.23672 3.762198 4.601671 3.2765217991
12.63482 2.132088 154.1315 -8.05045 1.356641 1.312257 1.5684468735
9.698319 22.4505 19.76446 20.49729 63.20041 62.76918 62.574758799
13.49922 6.336553 22.64004 16.05877 32.11365 30.82644 35.387842062
0 0
-6.81225 3.492855 1.77517 10.42139 4.984088 5.827113 6.8731583581
5.433576 43.53811 -4.59951 -24.1899 20.8274 21.522 18.303271015
36.1416 -96.8709 51.98868 567.5501 0.087874 0.070323 2.7433953025
56.31116 -28.0724 -31.1382 -43.6222 4.733666 3.299394 5.5995334231
-16.5959 63.32679 6.99627 35.87905 1.025398 1.339466 1.0011233144
7.687901 21.43705 -6.92523 -22.9994 36.79959 37.23082 37.425241201
-14.3943 292.4194 0.118195 -319.702 -7.89306 -10.0454 -3.124871031
10.37848 25.47387 -8.68142 -27.4328 31.8155 31.4037 30.552082843
0 0 -100 -29.5779 0 0 0
8.949824 22.07121 8.047716 -3.30358 100 100 100
12.5122 16.04806 -16.6551 43.76347
0.826712 46.04587 21.07172 -35.5483
0 -100 34.54833 15.6955
0 -100 -10.299 -42.1522

Trend Analysis Common Size Analysis

2018 2017 2016 2015 2018 2017 2016
14.50722 11.08473 -13.9623 -6.56588 117.286 119.7009 115.65254975
0 0 0
0 0 0
2.540035 35.08672 94.42384 38.18173 17.28602 19.70088 15.652549746
16.86486 7.327803 -20.8673 -8.45451 100 100 100
0 0 0
-105.748 -768.53 -84.0921 -381.844 0.135667 -2.75832 0.4428287966
13.74115 12.41716 -23.4734 -11.9199 87.56611 89.97097 85.897799545
33.6149 -16.1913 -10.0108 45.05259 0.740331 0.647523 0.8292364774
0.044322 24.35447 32.23101 -27.9921 1.451879 1.695985 1.4637696821
11.10173 4.899165 5.125064 7.835036 3.19061 3.356116 3.4338167043
37.38693 3.021577 8.631759 0.876783 1.108656 0.943052 0.9824704954
0 0 0
29.97811 -18.3143 50.87479 -39.0475 0.929872 0.836059 1.0985079773
0 0 0
17.39771 7.946757 -22.8018 -8.81125 95.12313 94.69139 94.148434985
7.360418 -2.63093 32.59251 2.641757 4.876873 5.308615 5.8515703223
17.05319 51.75293 -19.2635 51.28318 1.33511 1.332962 0.9427421745
9.305747 4.915162 21.74275 10.04461 6.211988 6.641582 6.7943124968
68.03799 -12.2602 -3.07666 -57.096 0.352604 0.245225 0.2999713807
7.054061 5.708488 23.19995 21.17829 5.859383 6.396357 6.494341116
40.03342 2.532798 -26.6858 11.98138 1.12075 0.935322 0.979062936
1.405623 6.272231 40.12576 24.65179 4.738633 5.461035 5.51527818
0 0 0
1.405623 6.272231 40.12576 24.65179 4.738633 5.461035 5.51527818
9.162008 -9.93169 43.05792 23.45744 1.387426 1.485328 1.7699564087
-1.49217 13.92984 38.78151 25.2071 3.351207 3.975707 3.7453217713

116.1439 -37.5991 355.91 0

16.19297 1.348021 67.1751 22.4437
-35.3846 4.83871 37.77778 32.35294
-34.3337 -43.0363 53.05745 25.21368
-23.2564 -45.7085 34.54833 15.6955
30.94373
 Ratio Analysis
2018 2017 2016
Current Ratio(:) 0.823392 0.787516 0.922938
Liquidity Ratio(:) 0.357378 0.332277 0.471564
Liability to Equity Ratio 2.774796 2.969359 2.693394
Operating Profit Ratio(%) 6.211988 6.641582 6.794312
Debt to Equity Ratio 0.589122 0.607883 0.624653
Interest Coverage Ratio 15.60258 24.21461 32.56426
Asset Turnover Ratio 2.357884 2.198189 2.500149
Return on Asstes Ratio(%) 7.901755 8.739355 9.363864
Return on Equity Ratio(%) 21.92576 25.95028 25.22058
Receivable Turnover Ratio(times) 49.81095 66.62402 44.64925
 BALANCE SHEET
Particulars/Years 2018 2017 2016 2015
EQUITY AND LIABILITIES
Share Capital 1,524.21 1,016.27 339.01 339.01
Share Warrants & Outstandings
Shareholder's Funds 23,948.22 20,347.41 17,969.80 16,022.09
Long-Term Borrowings
Secured Loans 188.06 1,258.75 1,323.25 1,198.50
Unsecured Loans 8,642.72 5,019.40 9,184.10 13,657.33
Deferred Tax Assets / Liabilities 6,569.19 5,895.59 4,919.35 4,103.60
Other Long Term Liabilities 4.46 8.11 9,409.55 8,286.61
Long Term Trade Payables 0 0 0 0
Long Term Provisions 77.22 182.32 163.77 581.47
Total Non-Current Liabilities 15,481.65 12,364.17 25,000.02 27,827.51
Trade Payables 15,703.87 12,664.56 9,416.93 8,950.84
Current Liabilities
Other Current Liabilities 18,106.89 19,720.19 11,296.31 10,152.87
Short Term Borrowings 10,762.18 10,892.41 3,887.61 2,199.81
Short Term Provisions 2,804.41 2,481.11 2,008.62 2,397.52
Total Current Liabilities 47,377.35 45,758.27 26,609.47 23,701.04
Total Liabilities 86,807.22 78,469.85 69,579.29 67,550.64
ASSETS
Gross Block 45,691.07 41,164.65 35,735.29 48,174.92
Less: Accumulated Depreciation 7,719.36 5,032.77 2,627.72 19,112.11
Less: Impairment of Assets 0 0 0 0
Net Block 37,971.71 36,131.88 33,107.57 29,062.81
Lease Adjustment A/c 0 0 0 0
Capital Work in Progress 3,985.39 1,810.48 1,852.77 3,474.42
Intangible assets under developmen 0 0 0 0
Pre-operative Expenses pending 0 0 0 0
Assets in transit 0 0 0 0
Non Current Investments 6,105.72 5,809.86 5,587.11 5,867.52
Long Term Loans & Advances 1,029.34 1,133.46 1,017.71 1,237.37
Other Non Current Assets 841.35 661.85 528.5 192.49
Total Non-Current Assets 49,933.51 45,547.53 42,093.66 39,834.61
Total Reserves 22,424.01 19,331.14 17,630.79 15,683.08
Current Assets Loans & Advances
Currents Investments 4,999.38 5,108.74 4,991.44 5,378.97
Inventories 18,420.22 18,576.28 13,211.40 12,972.26
Cash and Bank 1,194.11 33.67 23.76 17.07
Trade Receivables (OCA) 6,200.70 4,484.87 4,982.08 356.74
Short Term Loans and Advances 486.39 654.55 518.92 5,271.39
Total Current Assets 36,873.71 32,922.32 27,485.63 27,599.48
Net Current Assets (Including Curre -10,503.64 -12,835.95 876.16 3,898.44
Total Current Assets Excluding Curr 31,874.33 27,813.58 22,494.19 22,220.51
Miscellaneous Expenses not written 0 0 0 116.55
Total Assets 86,807.22 78,469.85 69,579.29 67,550.64
Contingent Liabilities 4,634.02 3,793.25 3,699.79 4,399.11
Total Debt 20,990.88 21,249.71 21,167.46 20,335.34
Book Value (in ?) 157.16 0 530.65 469.69
Adjusted Book Value (in ?) 157.16 0 117.92 469.69

INCOME STATEMENT
Particulars/Years 2018 2017 2016 2015
Gross Sales 244,085.13 213,869.81 197,743.83 218,806.38
Less :Inter divisional transfers 0 0 0 0
Less: Sales Returns 0 0 0 0
Less: Excise 24,752.52 26,779.28 20,043.20 10,680.74
Net Sales 219,332.59 187,090.55 177,700.63 208,125.64
EXPENDITURE:
Increase/Decrease in Stock 804.54 -4,454.06 90.86 4,788.80
Raw Materials Consumed 193,393.41 167,611.16 156,472.27 185,436.80
Power & Fuel Cost 1,150.79 870.74 1,008.09 848.41
Employee Cost 2,858.52 2,946.08 2,321.32 2,414.66
Other Manufacturing Expenses 7,730.01 7,110.09 6,926.12 6,550.61
General and Administration Expense 2,205.93 2,075.78 2,135.21 1,648.00
Selling and Distribution Expenses 169.55 156.79 70.19 1,609.37
Miscellaneous Expenses 395.64 130.27 737.29 85.65
Expenses Capitalised 0 0 0 0
Total Expenditure 208,708.39 176,446.84 169,761.34 203,382.30
PBIDT (Excl OI) 10,624.20 10,643.70 7,939.28 4,743.34
Other Income 1,897.18 1,448.08 1,144.16 2,096.13
Operating Profit 12,521.39 12,091.77 9,083.45 6,839.47
Interest 566.71 535.65 653.6 706.59
PBDT 11,954.68 11,556.12 8,429.85 6,132.88
Depreciation 2,752.75 2,535.28 2,653.21 1,978.76
Profit Before Taxation & Exceptional 9,201.93 9,020.84 5,776.64 4,154.12
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 9,201.93 9,020.84 5,776.64 4,154.12
Provision for Tax 2,844.86 2,812.04 2,050.48 1,420.86
PAT 6,357.07 6,208.80 3,726.16 2,733.26
Extraordinary Items 0 0 0 0
Adj to Profit After Tax 0 0 0 0
Profit Balance B/F 16,747.75 14,740.12 12,621.96 11,269.70
Appropriations 23,104.82 20,948.92 16,348.12 14,002.96
Equity Dividend (%) 170 300 345 245
Earnings Per Share (in ?) 41.72 61.12 110.04 80.72
Book Value (in ?) 157.16 200.29 530.65 469.69
Interest Expense 86.95 566.71 745.88
 Horizontal Analysis Common Size A
2014 2018 2017 2016 2015 2018

339.01 49.98081 199.7758 0 0

15,012.16 17.69665 13.23114 12.1564 6.727413

1,520.00 -85.0598 -4.87436 10.40884 -21.1513 0.216641

14,034.88 72.18632 -45.3468 -32.7533 -2.69008 9.956223
3,908.43 11.42549 19.8449 19.87889 4.993565 7.567562
7,207.56 -45.0062 -99.9138 13.55126 14.97109 0.005138
0 0
587.66 -57.6459 11.32686 -71.8352 -1.05333 0.088956
27,258.53 25.21382 -50.5434 -10.1608 2.087347 17.83452
10,898.57 23.99854 34.48714 5.207221 -17.8714 18.09051
0
6,520.11 -8.18096 74.57196 11.26223 55.71624 20.85874
16,376.67 -1.1956 180.1827 76.72481 -86.5674 12.39779
1,927.13 13.03046 23.52312 -16.2209 24.40884 3.230618
35,722.48 3.538333 71.96235 12.27132 -33.6523 54.57766
77,993.17 10.62493 12.7776 3.003154 -13.389 100

42,466.76 10.99589 15.19327 -25.8218 13.44148 52.6351

16,554.52 53.38193 91.52611 -86.251 15.4495 8.892532
0 0
25,912.24 5.091985 9.134799 13.91731 12.15862 43.74257
0 0
4,585.56 120.1289 -2.28253 -46.674 -24.2313 4.591081
0 0
0 0
0 0
5,735.83 5.092377 3.986855 -4.77902 2.295919 7.033655
1,395.36 -9.18603 11.37357 -17.7522 -11.3225 1.185777
180.19 27.12095 25.23179 174.5597 6.826128 0.969217
37,809.18 9.629457 8.205202 5.671073 5.356979 57.5223
14,673.15 15.99942 9.644208 12.41918 6.882844 25.83196
0
5,124.04 -2.14065 2.350023 -7.20454 4.975176 5.759175
18,768.31 -0.8401 40.60796 1.843472 -30.8821 21.21969
34.71 3446.51 41.70875 39.19156 -50.8211 1.375588
365.51 38.25819 -9.97997 1296.558 -2.39939 7.143069
10,279.21 -25.6909 26.13698 -90.1559 -48.7179 0.560311
40,037.73 12.00216 19.78012 -0.41251 -31.0663 42.4777
4,315.25 -18.1701 -1565.02 -77.5254 -9.659 -12.1
34,913.69 14.59988 23.64784 1.231655 -36.3559 36.71852
146.26 0 0 -100 -20.3131 0
 77,993.17 10.62493 12.7776 3.003154 -13.389 100
6,429.15 22.1649 2.526089 -15.8969 -31.5756
32,166.05 -1.21804 0.388568 4.09199 -36.7801
438.99 0 -100 12.97877 6.993326
438.99 0 -100 -74.8941 6.993326

Trend Analysis Common Size A

2014 2018 2017 2016 2015 2018
233,907.80 14.1279 8.154985 -9.62611 -6.45614 111.2854
0 0
0 0
9,151.68 -7.56839 33.60781 87.65741 16.70797 11.28538
224,756.11 17.23339 5.284123 -14.6186 -7.39934 100
0
-547.87 -118.063 -5002.11 -98.1027 -974.076 0.366813
207,100.44 15.38218 7.118763 -15.6196 -10.4605 88.17359
642.24 32.1623 -13.6248 18.82109 32.10171 0.524678
2,030.30 -2.97208 26.914 -3.86555 18.93119 1.303281
6,106.95 8.718877 2.656177 5.732443 7.264838 3.524333
1,652.03 6.269932 -2.78333 29.56371 -0.24394 1.005747
1,534.88 8.138274 123.3794 -95.6387 4.853148 0.077303
1,085.03 203.7077 -82.3312 760.8173 -92.1062 0.180384
0 0
219,604.00 18.28401 3.938176 -16.5309 -7.3868 95.15612
5,152.11 -0.18321 34.06379 67.37742 -7.93403 4.843877
1,001.70 31.01348 26.56272 -45.4156 109.2573 0.864979
6,153.81 3.552995 33.11869 32.80927 11.14204 5.70886
1,336.36 5.798562 -18.0462 -7.4994 -47.1258 0.258379
4,817.45 3.448908 37.08571 37.45337 27.30552 5.45048
2,201.94 8.577751 -4.4448 34.08448 -10.1356 1.255057
2,615.51 2.007463 56.16067 39.05809 58.82639 4.195423
0 0
2,615.51 2.007463 56.16067 39.05809 58.82639 4.195423
881.74 1.167124 37.14057 44.3126 61.14274 1.297053
1,733.77 2.388062 66.62731 36.32658 57.64836 2.89837
0
0
10,191.90 13.62017 16.78155 11.99908 10.57506
11,925.67 10.29122 28.14269 16.7476 17.41864
155 -43.3333 -13.0435 40.81633 58.06452
51.2 -31.7408 -44.4566 36.32309 57.65625
438.99 -21.5338 -62.2557 12.97877 6.993326
-24.0213
Common Size Analysis Ratio Analysis
2017 2016 2018 2017 2016
Current Ratio(:) 0.778298 0.719483 1.032927
Liquidity Ratio(:) 0.3895 0.313518 0.536434
Liability to Equity Ratio 3.407889 3.673049 3.800317
Operating Profit Ratio(%) 5.70886 6.463058 5.111659
Debt to Equity Ratio 0.607781 0.578747 1.365464
1.604119 1.901787155 Interest Coverage Ratio 122.1875 18.78156 10.64418
6.396597 13.19947358 Asset Turnover Ratio 2.526663 2.384235 2.55393
7.513191 7.070135381 Return on Assets Ratio(%) 7.323204 7.912338 5.355272
0.010335 13.52349241 Return on Equity Ratio(%) 24.95667 29.06241 20.35173
0 0 Receivable Turnover Ratio(times) 35.37223 41.71594 35.66796
0.232344 0.235371761
15.75659 35.93026028
16.1394 13.53409901
0 0
25.13091 16.23516135
13.88101 5.587309097
3.161864 2.886807267
58.31319 38.24337673
100 100
0
52.45919 51.35908975
6.413635 3.776583521
0 0
46.04556 47.58250623
0 0
2.30723 2.662818204
0 0
0 0
0 0
7.403939 8.029846237
1.444453 1.462662238
0.843445 0.759565095
58.04462 60.497398
24.63512 25.33913468
0 0
6.51045 7.173743796
23.67314 18.98754644
0.042908 0.034148092
5.715405 7.160291518
0.834142 0.74579663
41.95538 39.502602
-16.3578 1.259225267
35.44493 32.3288582
0 0
 100 100

Common Size Analysis

2017 2016
114.3135 111.2791947
0 0
0 0
14.31354 11.27919468
100 100
0 0
-2.3807 0.051130939
89.58826 88.0538634
0.465411 0.567296807
1.574681 1.306309381
3.800347 3.897633903
1.109506 1.201577057
0.083804 0.039499016
0.069629 0.414905676
0 0
94.31093 95.53221055
5.689063 4.467783823
0.774 0.643869411
6.463058 5.111658861
0.286305 0.367809613
6.176752 4.743849248
1.355109 1.493078556
4.821644 3.250770692
0 0
4.821644 3.250770692
1.503037 1.15389574
3.318607 2.096874952
 BALANCE SHEET
Particulars/Years 2018 2017 2016 2015 2014
EQUITY AND LIABILITIES
Share Capital 9,478.69 4,739.34 2,369.67 2,427.95 2,427.95
Share Warrants & Outstandings
Shareholder's Funds 110,171.02 99,728.72 88,134.31 67,969.97 65,992.08
Long-Term Borrowings
Secured Loans 3,912.27 5,558.03 6,388.31 8,044.45 8,847.24
Unsecured Loans 14,805.33 14,754.01 18,549.25 24,686.81 22,836.34
Deferred Tax Assets / Liabilities 12,019.57 6,759.23 6,858.99 6,720.21 5,616.18
Other Long Term Liabilities 1,926.12 1,173.96 18,156.92 15,216.39 13,411.58
Long Term Trade Payables 0 0 0 0 0
Long Term Provisions 22,099.82 2,926.98 12,508.90 9,630.09 2,239.65
Total Non-Current Liabilities 54,763.11 31,172.21 62,462.37 64,297.95 52,950.99
Trade Payables 33,106.05 30,134.29 22,331.82 29,199.77 35,697.30
Current Liabilities
Other Current Liabilities 51,807.07 49,123.59 30,369.49 23,310.77 24,319.15
Short Term Borrowings 36,807.56 30,072.76 17,545.81 16,979.31 48,915.54
Short Term Provisions 14,161.60 18,981.70 9,782.98 25,466.41 28,834.11
Total Current Liabilities 135,882.28 128,312.34 80,030.10 94,956.26 137,766.10
Total Liabilities 300,816.41 259,213.27 230,626.78 227,224.18 256,709.17
ASSETS
Gross Block 131,686.47 118,708.68 96,037.60 121,643.45 112,609.01
Less: Accumulated Depreciation 17,759.15 10,829.19 4,690.63 55,391.98 49,660.22
Less: Impairment of Assets 0 0 0 0 0
Net Block 113,927.32 107,879.49 91,346.97 66,251.47 62,948.79
Lease Adjustment A/c 0 0 0 0 0
Capital Work in Progress 13,860.99 10,223.36 20,329.56 27,730.52 27,312.76
Intangible assets under developmen 487.44 514.46 695.52 759.41 728.59
Pre-operative Expenses pending 0 0 0 7,833.57 5,837.89
Assets in transit 0 0 0 0 0
Non Current Investments 39,088.94 40,109.19 30,085.66 16,628.58 16,311.49
Long Term Loans & Advances 27,423.90 4,852.06 15,738.64 15,111.68 6,484.42
Other Non Current Assets 2,972.85 3,140.14 1,080.97 3.92 16.64
Total Non-Current Assets 197,761.44 166,718.70 159,277.32 134,319.15 119,640.58
Total Reserves 100,692.33 94,989.38 85,764.64 65,542.02 63,564.13
Current Assets Loans & Advances
Currents Investments 8,399.32 7,195.41 7,095.74 7,270.91 7,282.70
Inventories 65,313.21 62,240.87 38,739.11 45,543.85 64,697.37
Cash and Bank 81.36 86.5 512.94 115.62 2,608.53
Trade Receivables (OCA) 8,878.69 4,578.82 1,155.29 5,580.06 28,973.21
Short Term Loans and Advances 10,265.87 9,890.60 15,639.03 27,541.86 22,424.82
Total Current Assets 103,054.97 92,494.57 70,690.71 92,810.47 137,009.55
Net Current Assets (Including Curre -32,827.31 -35,817.77 -9,339.39 -2,145.79 -756.55
Total Current Assets Excluding Curr 94,655.65 85,299.16 63,594.97 85,539.56 129,726.85
Miscellaneous Expenses not written 0 0 658.75 94.56 59.04
Total Assets 300,816.41 259,213.27 230,626.78 227,224.18 256,709.17
Contingent Liabilities 8,025.58 9,251.66 13,746.30 12,702.00 29,921.55
Total Debt 58,029.91 54,819.50 52,880.19 55,245.01 86,217.60
Book Value (in ?) 116.23 0 369.15 279.56 271.56
Adjusted Book Value (in ?) 116.23 0 184.57 279.56 271.56

INCOME STATEMENT
Particulars/Years 2018 2017 2016 2015 2014
Gross Sales 516,688.47 453,423.28 407,348.94 474,752.84 503,623.38
Less :Inter divisional transfers 0 0 0 0 0
Less: Sales Returns 10,253.98 7,774.14 0 6,250.94 6,061.57
Less: Excise 82,388.89 85,499.75 59,651.56 30,407.77 23,904.04
Net Sales 424,045.59 360,149.38 347,697.38 438,094.13 473,657.78
EXPENDITURE:
Increase/Decrease in Stock 2,327.50 -15,259.80 3,479.20 9,592.19 -1,113.85
Raw Materials Consumed 340,897.66 298,876.03 285,894.34 382,846.19 422,983.06
Power & Fuel Cost 5,128.39 4,231.71 4,918.17 6,391.42 6,465.26
Employee Cost 10,079.41 9,718.92 7,114.02 7,104.78 6,618.97
Other Manufacturing Expenses 20,888.50 19,430.07 19,220.01 17,740.42 16,022.93
General and Administration Expense 2,836.12 2,049.49 2,110.89 3,106.78 1,636.32
Selling and Distribution Expenses 798.1 740.43 666 997.75 1,021.38
Miscellaneous Expenses 2,019.28 9,485.38 4,689.45 2,410.33 5,255.16
Expenses Capitalised 622.32 931.48 1,459.38 856.19 824.26
Total Expenditure 384,352.66 328,340.75 326,632.69 429,333.66 458,064.97
PBIDT (Excl OI) 39,692.94 31,808.63 21,064.69 8,760.47 15,592.81
Other Income 3,414.62 4,200.62 2,322.16 5,553.86 3,466.97
Operating Profit 43,107.57 36,009.25 23,386.83 14,314.33 19,059.79
Interest 3,476.28 3,465.04 3,105.97 3,458.47 5,120.99
PBDT 39,631.29 32,544.21 20,280.86 10,855.86 13,938.80
Depreciation 7,067.01 6,222.97 4,818.57 4,528.66 5,760.09
Profit Before Taxation & Exceptional 32,564.28 26,321.24 15,462.29 6,327.20 8,178.71
Exceptional Income / Expenses 0 0 1,364.25 1,668.09 1,746.80
Profit Before Tax 32,564.28 26,321.24 16,826.54 7,995.29 9,925.51
Provision for Tax 11,218.16 7,214.84 5,584.31 2,722.26 2,906.42
PAT 21,346.12 19,106.40 11,242.23 5,273.03 7,019.09
Extraordinary Items 0 0 0 0 0
Adj to Profit After Tax 0 0 0 0 0
Profit Balance B/F 0 0 0 0 2,173.80
Appropriations 21,346.12 19,106.40 11,242.23 5,273.03 9,192.89
Equity Dividend (%) 210 190 140 66 87
Earnings Per Share (in ?) 22.52 40.31 47.44 21.72 28.91
Book Value (in ?) 116.23 210.43 369.15 279.56 271.56
Interest Expense 2,381.63 2,105.86 2141.37
 Horizontal Analysis Common Size Analysis
2018 2017 2016 2015 2018 2017

100.0002 100 -2.40038 0

10.4707 13.15539 29.66654 2.997163

-29.6105 -12.9969 -20.5874 -9.0739 1.300551 2.144192

0.347838 -20.4603 -24.8617 8.103181 4.921716 5.691842
77.82455 -1.45444 2.065114 19.65802 3.99565 2.607594
64.07033 -93.5344 19.32475 13.4571 0.640298 0.452893
0 0
655.0383 -76.6008 29.89391 329.9819 7.346614 1.129178
75.67927 -50.0944 -2.8548 21.42917 18.20483 12.0257
9.861722 34.9388 -23.5206 -18.2017 11.0054 11.62529
0 0
5.462711 61.75309 30.28094 -4.14644 17.22216 18.95103
22.39502 71.39568 3.336414 -65.2885 12.23589 11.60155
-25.3934 94.02779 -61.5848 -11.6796 4.707722 7.322812
5.89962 60.3301 -15.719 -31.0743 45.17117 49.50068
16.04977 12.39513 1.497464 -11.4858 100 100

10.93247 23.60646 -21.0499 8.022839 43.77636 45.79576

63.99334 130.8686 -91.5319 11.54195 5.903651 4.177714
0 0
5.606098 18.0986 37.87916 5.246614 37.87271 41.61804
0 0
35.58155 -49.7118 -26.6889 1.529542 4.607791 3.943996
-5.25211 -26.0323 -8.41311 4.230088 0.162039 0.19847
0 0 -100 34.18495 0 0
0 0
-2.54368 33.31664 80.92742 1.943967 12.99428 15.47343
465.2012 -69.171 4.148844 133.046 9.116491 1.871841
-5.32747 190.4928 27475.77 -76.4423 0.988261 1.211412
18.61983 4.671965 18.58124 12.26889 65.74157 64.31719
6.003776 10.75588 30.85444 3.111645 33.47302 36.64526
0 0
16.73164 1.404646 -2.40919 -0.16189 2.792175 2.775865
4.93621 60.66675 -14.9411 -29.6048 21.71198 24.01145
-5.9422 -83.1364 343.643 -95.5676 0.027046 0.03337
93.90782 296.3351 -79.2961 -80.7406 2.951531 1.76643
3.794209 -36.7569 -43.2172 22.81864 3.41267 3.815623
11.41732 30.84402 -23.8333 -32.2599 34.25843 35.68281
-8.3491 283.5129 335.2425 183.6283 -10.9127 -13.8179
10.96903 34.12878 -25.6543 -34.0618 31.46625 32.90694
#DIV/0! -100 596.6476 60.1626 0 0
16.04977 12.39513 1.497464 -11.4858 100 100
-13.2525 -32.6971 8.22154 -57.549
5.856328 3.667366 -4.2806 -35.9237
0 -100 32.04679 2.945942
0 -100 -33.9784 2.945942

Trend Analysis Common Size Analysis

2018 2017 2016 2015 2018 2017
13.95279 11.31078 -14.1977 -5.73257 121.8474 125.8987
0 0
31.89858 0 -100 3.124108 2.418132 2.158588
-3.63844 43.33196 96.1721 27.20766 19.42925 23.74008
17.74159 3.581275 -20.6341 -7.5083 100 100
0 0
-115.252 -538.601 -63.7288 -961.174 0.54888 -4.23708
14.05989 4.54073 -25.324 -9.489 80.39175 82.98668
21.18954 -13.9576 -23.0504 -1.1421 1.209396 1.174987
3.709157 36.61643 0.130053 7.339662 2.376964 2.69858
7.506046 1.092923 8.34022 10.71895 4.926003 5.395003
38.38174 -2.90873 -32.0554 89.86384 0.668824 0.569067
7.788717 11.17568 -33.2498 -2.31354 0.188211 0.20559
-78.7117 102.2706 94.55635 -54.134 0.476194 2.633735
-33.1902 -36.1729 70.45048 3.873778 0.146758 0.258637
17.05908 0.52293 -23.921 -6.27232 90.63947 91.16793
24.7867 51.0045 140.4516 -43.8172 9.360536 8.832066
-18.7115 80.89279 -58.1884 60.19348 0.805248 1.166355
19.71249 53.97234 63.38054 -24.8978 10.16579 9.998421
0.324383 11.56064 -10.1924 -32.4648 0.819789 0.962112
21.77678 60.4676 86.81947 -22.1177 9.345997 9.036309
13.5633 29.14558 6.401673 -21.3787 1.666568 1.727886
23.71864 70.2286 144.3781 -22.6382 7.679429 7.308423
0 -100 -18.2148 -4.50595 0 0
23.71864 56.42693 110.4557 -19.4471 7.679429 7.308423
55.4873 29.19841 105.1351 -6.33632 2.645508 2.003291
11.72235 69.95205 113.2025 -24.8759 5.033921 5.305132

0 0 0 -100
11.72235 69.95205 113.2025 -42.6401
10.52632 35.71429 112.1212 -24.1379
-44.133 -15.0295 118.4162 -24.8703
-44.7655 -42.9961 32.04679 2.945942
-1.65828
mon Size Analysis Ratio Analysis
2016 2018 2017 2016
Current Ratio 0.758414 0.720855 0.883302
Liquidity Ratio 0.277753 0.235782 0.399245
Liability to Equity Ratio 2.514142 2.481268 2.54825
Operating Profit Ratio(%) 10.16579 9.998421 6.726203
Debt to Equity Ratio 0.457695 0.29839 0.690162
2.7699775369 Interest Coverage Ratio 16.66629 15.10482 9.837016
8.0429731534 Asset Turnover Ratio 1.409649 1.389394 1.507619
2.9740648506 Return on Asstes Ratio 7.096062 7.370919 4.874642
7.8728584772 Return on Equity Ratio 17.84051 18.28923 12.42181
0 Receivable Turnover Ratio(times) 47.75993 78.6555 300.9611
5.4238714168
27.083745435
9.6830992481
0
13.168240913
7.6078805766
4.2419098077
34.701130545
100
0
41.641998384
2.0338618091
0
39.608136575
0
8.8149173309
0.3015781602
0
0
13.045171944
6.8242898765
0.4687096616
69.062803548
37.187632763
0
3.0767198848
16.797316426
0.2224112915
0.5009348871
6.7810988819
30.6515618
-4.049568745
27.574841916
0.2856346518
 100

mon Size Analysis

2016
117.15617184
0
0
17.156171841
100
0
1.0006402694
82.22504869
1.414497285
2.0460378505
5.52779834
0.6071055238
0.1915458782
1.3487159437
0.4197270627
93.941659842
6.0583401578
0.6678681329
6.7262025385
0.8932969239
5.8329056146
1.3858516852
4.4470539295
0.3923670636
4.839420993
1.6060834281
3.233337565