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Leyland
---------------
Standalon
---- in Rs.
e Profit &
Cr.
Loss
---------------
account
----
Mar 19 Mar-18 Mar-17 Mar-16

12 mths 12 mths 12 mths 12 mths

INCOME
Revenue
From
28,614.03 26,242.38 21,054.59 19,616.44
Operation
s [Gross]

Less:
Excise/Sev
ice 0 276.6 1,313.01 1,055.67
Tax/Other
Levies

Revenue
From
28,614.03 25,965.78 19,741.58 18,560.77
Operation
s [Net]
Other
Operating 440.92 390.62 398.56 376.54
Revenues
Total
Operating 29,054.95 26,356.40 20,140.13 18,937.30
Revenues
Other
109.94 196.58 136.27 117.62
Income
Total
29,164.89 26,552.98 20,276.40 19,054.92
Revenue
EXPENSES

Cost Of
Materials 20,872.27 16,496.62 13,148.80 12,092.66
Consumed

Purchase
Of Stock-In 766.1 659.36 1,583.39 1,531.23
Trade

Changes
In
Inventories
-958.8 1,275.10 -758.8 -429.02
Of FG,WIP
And Stock-
In Trade

Employee
Benefit 2,098.77 1,837.78 1,480.05 1,385.06
Expenses
Finance
70.38 147.28 155.38 247.64
Costs
Depreciati
on And
Amortisatio 621.01 598.48 517.89 487.9
n
Expenses
Other
3,140.87 3,124.02 2,484.16 2,102.75
Expenses
Total
26,610.60 24,138.64 18,610.87 17,418.21
Expenses
Mar-19 Mar-18 Mar-17 Mar-16

12 mths 12 mths 12 mths 12 mths

Profit/Los
s Before
Exception
al, 2,554.29 2,414.34 1,665.53 1,636.71
ExtraOrdi
nary Items
And Tax

Exceptiona
-57.49 -28.51 -335.45 -810.18
l Items
Profit/Los
s Before 2,496.80 2,385.83 1,330.09 826.54
Tax
Tax Expenses-
Continued
Operations
Current
378.2 677.25 313.72 422.04
Tax
Deferred
135.4 -9.15 -206.71 14.9
Tax
Total Tax
513.6 668.1 107.01 436.94
Expenses

Profit/Los
s After
Tax And
1,983.20 1,717.73 1,223.08 389.6
Before
ExtraOrdi
nary Items

Profit/Los
s From
Continuin
1,983.20 1,717.73 1,223.08 389.6
g
Operation
s

Profit/Los
s For The 1,983.20 1,717.73 1,223.08 389.6
Period
Mar-19 Mar-18 Mar-17 Mar-16

12 mths 12 mths 12 mths 12 mths

OTHER ADDITIONAL
INFORMATION
EARNINGS PER
SHARE
Basic EPS
6.76 5.87 4.24 1.37
(Rs.)
Diluted
6.76 5.85 4.24 1.37
EPS (Rs.)
VALUE OF
IMPORTED AND
INDIGENIOUS RAW
MATERIALS
Imported
Raw 0 0 0 298.88
Materials
Indigenous
Raw 0 0 0 11,818.04
Materials
STORES, SPARES
AND LOOSE TOOLS
DIVIDEND AND
DIVIDEND
PERCENTAGE
Equity
Share 859.84 549.48 325.4 154.14
Dividend
Tax On
0 0 0 0
Dividend
Equity
Dividend 310 243 156 95
Rate (%)
Ashok Previous Years »
Leyland
---------------
Standalon ---- in Rs.
e Balance Cr.
Sheet ---------------
----
Mar 19 Mar-18 Mar-17 Mar-16 Mar-15

12 mths 12 mths 12 mths 12 mths 12 mths

EQUITIES AND
LIABILITIES
SHAREHOLDER'S
FUNDS
Equity
Share 293.55 292.71 284.59 284.59 284.59
Capital
Total
Share 293.55 292.71 284.59 284.59 284.59
Capital
Revaluatio
n 0 0 0 0 1,021.81
Reserves
Reserves
and 8,038.88 6,952.83 5,841.48 5,122.56 3,812.30
Surplus
Total
Reserves
8,038.88 6,952.83 5,841.48 5,122.56 4,834.11
and
Surplus
Total
Sharehold 8,332.43 7,245.54 6,126.07 5,407.15 5,118.69
ers Funds
NON-CURRENT
LIABILITIES

Long Term
298.4 512.55 1,146.32 1,821.04 2,566.34
Borrowings

Deferred
Tax
249.73 298.58 126.9 329.1 510.27
Liabilities
[Net]

Other Long
Term 305.25 205.18 86.48 203.47 2.06
Liabilities

Long Term
249.63 255.04 132.55 122.81 78.61
Provisions

Total Non-
Current 1,103.01 1,271.35 1,492.26 2,476.43 3,157.28
Liabilities
CURRENT
LIABILITIES
Short Term
100 100 198.64 25 25
Borrowings

Trade
5,018.93 4,887.90 3,116.99 2,562.69 2,828.32
Payables
Other
Current 2,867.26 3,023.11 2,587.81 2,113.44 1,926.15
Liabilities

Short Term
802.77 808.49 518.31 189.05 256.05
Provisions

Total
Current 8,788.96 8,819.50 6,421.75 4,890.18 5,035.52
Liabilities
Total
Capital
18,224.40 17,336.39 14,040.07 12,773.75 13,311.49
And
Liabilities
ASSETS
NON-CURRENT
ASSETS
Tangible
4,805.98 4,811.43 4,656.10 4,453.70 4,882.48
Assets
Intangible
808.53 736.54 314.71 338.28 373.07
Assets
Capital
Work-In- 274.64 234.33 157.6 54.75 69.8
Progress

Intangible
Assets
Under 382.98 188.31 48.27 21.11 50.35
Developm
ent
Fixed
6,272.13 5,970.61 5,176.67 4,867.84 5,375.70
Assets
Non-
Current
2,636.50 2,451.51 2,001.68 1,980.44 2,240.38
Investment
s

Long Term
Loans And 31.71 33.54 45.57 97.62 982.92
Advances

Other Non-
Current 1,097.72 817.26 716.02 646.9 19.5
Assets
Total Non-
Current 10,038.06 9,272.92 7,939.95 7,592.80 8,618.50
Assets
CURRENT ASSETS
Current
Investment 0 3,155.16 877.17 0 408.45
s
Inventories 2,684.67 1,758.33 2,631.03 1,625.01 1,398.53
Trade
Receivable 2,505.53 944.78 1,064.39 1,250.95 1,257.69
s
Cash And
Cash
1,373.59 1,042.16 911.97 1,593.13 751.29
Equivalent
s

Short Term
Loans And 22.46 24.1 21.47 70.6 568.82
Advances

OtherCurre
1,600.09 1,138.94 594.09 641.25 308.21
ntAssets

Total
Current 8,186.34 8,063.47 5,977.12 5,180.95 4,693.00
Assets
Total
18,224.40 17,336.39 14,040.07 12,773.75 13,311.49
Assets
OTHER ADDITIONAL
INFORMATION
CONTINGENT
LIABILITIES,
COMMITMENTS

Contingent
927.91 713.07 665.35 547.55 479.22
Liabilities

CIF VALUE OF
IMPORTS
Raw
0 0 206.12 320.12 356.3
Materials

Stores,
Spares
0 0 6.94 4.65 4.28
And Loose
Tools

Trade/Othe
0 0 65.45 43.64 65.55
r Goods
Capital
0 0 45.72 22.02 8.4
Goods
EXPENDITURE IN
FOREIGN
EXCHANGE
Expenditur
e In
237.47 417.35 444.3 456.87 372.09
Foreign
Currency
REMITTANCES IN
FOREIGN
CURRENCIES FOR
DIVIDENDS

Dividend
Remittanc
e In - - - 43.19 -
Foreign
Currency
EARNINGS IN
FOREIGN
EXCHANGE
FOB Value
1,486.88 1,967.19 1,710.73 2,009.03 1,909.04
Of Goods

Other
74.58 125.51 115.47 108.07 76.05
Earnings
BONUS DETAILS
Bonus
Equity
139.26 139.26 139.26 139.26 139.26
Share
Capital
NON-CURRENT
INVESTMENTS

Non-
Current
Investment
- - - 22.06 467.5
s Quoted
Market
Value

Non-
Current
Investment
s 3,292.87 3,123.98 2,410.33 2,516.32 2,443.64
Unquoted
Book
Value

CURRENT
INVESTMENTS
Current
Investment
s Quoted - - - - -
Market
Value

Current
Investment
s
- 3,155.16 877.17 - 408.45
Unquoted
Book
Value
Ashok Leyland

Mar 19 Mar-18 Mar-17

DOL 1.6970 0.6885 3.6405

DFL 2.6156 0.8551 118.9704

DCL 4.4386 0.5887 433.1079

Remarks

The risk of a company was minimised in the financial year 2018 due to
decrease in proportion of fixed costs to variable costs. Presently the
operating leverage is within the industry standard.

The sudden increase in EPS in 2017 lead to a spike in the financial

leverage which signifies that proportionately the financial risk of a
company has also increased. Moreover the bottomline has not
improved to that extent.

The overall risk of the company was significantly lowered in the

financial year 2018 which is a good sign but it has increased in 2019
though it is still within the industry standards.
Ashok Leyland

Mar 19 Mar-18 Mar-17

Debt(in Rs. crores) 1103.01 1271.35 1492.26

Equity(in Rs. crores) 293.55 292.71 284.59

Enterprise Value(in Rs. crores) 25,825.93 42,101.15 24,494.90

Cost of Debt 8.59 9.25 9.90

Cost of Equity 18.84 21.88 23.55

D/E Ratio 3.76 4.34 5.24

Remarks

The debt has reduced over the years and hence the value of the firm has decreased rapidly in 2019. Due to which the debt to e